BROKERS

BrokersCurrently, there are more than 400 trading platforms or brokers. This was not the case in 2008 when binary options trading started since there were about 10 trading platforms. The emergence of many brokers has been good since it has created high competition, which is beneficial to investors in terms of more bonuses and high returns.

Best Binary Option Brokers 2016

Currently, there is no regulator who can oversee and regulate all binary options and Forex activities across the world. Over the years, there has been a remarkable increase in these trades. This may be attributed to the increased accessibility and advances in technology across the globe. As a result, various regulatory bodies have been formed to regulate binary options and Forex activities.

In most cases, such bodies operate within certain geographical regions and their main task is to monitor the various binary options and binary brokers in such regions in a bid to protect traders and monitor the best practices by such brokers.

Many binary options and Forex brokers have enticing trading platforms in addition to a horde of fabulous attractions for their traders. With this in mind, many traders are wondering whether it is okay to just invest in any binary options or Forex broker. The truth is that not all brokers in the market today are reputable. In the U.S.A, for instance, there are strict regulations that have been imposed for the brokers in the region to be in a position to accept US-based traders.

It is such regulations that make some brokers not to accept traders from certain geographical regions. Rather than go through all the trouble to ascertain the best brokers in the market, we have researched the market comprehensively and are happy to present to your the best binary options and Forex brokers this year.

All the binary options and Forex brokers we have recommended on this page have been tested and approved to be genuine and to deliver up to their promise. We have also gone a step further to group the recommended brokers according to the regions they operate in. As such, you just have to find your preferred broker from the following list, based on your geographical location, after which you just need to sign up and start trading right away.

Recommended Brokers in the USA

USA FlagCurrently, there are two main regulatory bodies for all binary options and Forex brokers in the United States. The two bodies are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). According to the current regulations, it is not illegal for any broker to accept traders who are based in the United States. However, if any dispute arises between the trader and the broker, the broker, either binary options or Forex, will be liable for prosecution. in the recent past, the majority of such prosecutions have led to hefty fines and penalties on the side of the brokers.

As a result of this, there have been two distinct categories of binary options and Forex brokers that accept US-based traders. These categories are the brokers who are duly regulated by any of the two regulatory bodies in the U.S.A and the offshore brokers, who are not regulated by any of the two bodies.

Most of the brokers accepting US-based traders have trading platforms that are faultless. However, you still need to do your own research on any given broker, prior to trading with them. However, we have made the process much easier for you; we have researched, tried and verified the brokers in our recommended list to be effective and genuine.

Best Binary Options Brokers for US Customers

 Min.
Deposit
Max.
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OptionRobot-logo$20091%registerread review

(General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.)

Recommended Brokers in the UK

UK FlagResiding in the United Kingdom offers traders two main benefits, with regards to binary options and Forex trading. While in the UK, you can trade with virtually any broker, without being affected by any regional restrictions. Again, you can also choose to trade with the brokers who are regulated by Cyprus Securities and Exchange Commission (CySEC) and Financial Conduct Authority (FCA), the two main regulatory bodies in the UK. The two are also the most predominant licenses when it comes to Binary Options brokers. As such, it is advisable to choose a broker that is regulated within Europe.

While traders from the UK have a freedom to choose any broker that seems appealing to them, including offshore regulated and unregulated brokers, it is highly advisable that you research on your preferred broker before investing your money with them.

Best Binary Options Brokers for UK Customers

 Min.
Deposit
Max.
Payout
  
iqoptions$1091% (*amount to be credited to account in case of successful trade)registerread review
OptionRobot-logo$20091%registerread review
hyoptions$10082%registerread review

(General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.)

Recommended Brokers in Australia

Australia FlagBinary Options trading is incredibly popular with Australian traders, and it seems to be growing in popularity with each month. Binary Options trading is not banned or illegal within Australia, and brokers based in or outside of Australia can offer their services to Australian traders.

The increased demand in online binary options and Forex trading has led to the formation of a regulatory body in Australia, the Australian Securities and Investments Commission (ASIC). However, it is not illegal for people to participate in this form of trading in Australia. In this regard, brokers from Australia and other parts of the world can offer their services to people based in Australia. Currently, there are many brokers in the country, some that are offshore and others that are licensed and approved by the ASIC. We have tested and verified all the platforms on our list of brokers to be reputable in Australia.

Best Binary Options Brokers for Australian Customers

 Min.
Deposit
Max.
Payout
  
iqoptions$1091% (*amount to be credited to account in case of successful trade)registerread review
OptionRobot-logo$20091%registerread review

(General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.)

Recommended Brokers in Canada

Canada FlagAlthough online trading is allowed in Canada, there is still no overall regulatory body for the entire country. Instead, each of the 10 Canadian provinces has its own online binary options and Forex trading regulatory body. Among the regulatory bodies in the country is the Investment Industry Regulatory Organisation of Canada (IIROC). Although this body is capable of formulating and enforcing laws in the Canadian trading markets and securities, it cannot do the same when it comes to online trading.

We have taken time to review and evaluate each of the brokers offering their services to the Canadians. As such, the list provided here comprises of the brokers offering convenient banking support and options for online traders in Canada. Just click on the above link, review the various brokers and start trading right away, with your preferred broker.

Best Binary Options Brokers for Canadian Customers

 Min.
Deposit
Max.
Payout
  
iqoptions$1091% (*amount to be credited to account in case of successful trade)registerread review
OptionRobot-logo$20091%registerread review

(General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.)

Recommended Brokers in Europe

Europe FlagWhen it comes to binary options and Forex trading, traders in Europe are some of the most fortunate traders across the globe. Among the renowned regulatory bodies in Europe is the Cyprus Securities and Exchange Commission (CySEC). This body enforces a strict regulatory process, which includes Markets in Financial Instruments Directive (MiFID). According to this body, the brokers that are licensed by CySEC can accept online traders from any member state, within the European Economic Area. Additionally, CySEC happens to be the main regulatory body for binary options traders.

Traders in Europe also have the option of trading with offshore binary options and Forex brokers. This leaves European traders with a multitude of options, with regards to both online and offline binary options and Forex trading. However, you still need to research on any given broker before trading with them. In this regard, we have extensively studied all the available brokers for European states and have provided a list of the best binary options and Forex brokers in the region. Just go through the list, select your preferred broker, sign up and start trading right away.

Best Binary Options Brokers for European Customers

 Min.
Deposit
Max.
Payout
  
OptionRobot-logo$20091%registerread review
iqoptions$1091% (*amount to be credited to account in case of successful trade)registerread review
hyoptions$10082%registerread review

(General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.)

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Thomas Jan

Thomas has worked in securities company for 7 years and he was a finance columnist for 3 years,
Now, he is the founder and lead author of Binary Top Gun since 1'st January 2016.
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