Brokers

TradersAsset’s Top 20 Binary Brokers for 2016

A single regulator cannot govern the global Forex and Binary Options industries, however, the increased popularity of online trading has led to the creation of a number of localised regulatory bodies. These localised regulators primary objectives is to protect online traders from within their regulated borders by providing a local watchdog that will oversee best practises by brokers. The advances and accessibility of technology in recent years has meant that there are many brokers for recreational traders to choose from.

Many offer user-friendly trading platforms and numerous other tempting benefits. So, can a trader use any one of these brokers to trade with? The short answer is no. There are still some restrictions from countries such as the USA, who have imposed strict regulatory requirements for brokers to accept US-based traders. There’s nothing more annoying than reading all about a broker, and going to their page only to be told that traders from your country will not be accepted, therefore we’ve done the research and present the best brokers available for you to trade with.

Top 20 Binary Option Brokers

No. Broker Deposit Regulated Payout % Review
1. $250 No 85%
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2. $250 Yes 88%
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3. $200 No 81%
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4. $200 No 85%
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5. $250 Yes 85%
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6. $250 No 91%
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7. $200 Yes 81%
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8. $100 Yes 85%
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9. $200 No 89%
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10. $250 Yes 86%
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11. $250 Yes 88%
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12. $250 Yes 85%
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13. $200 No 85%
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14. US $200 No 85%
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Our recommended brokers are regulated or tested and approved for each territory listed below. Simply find the territory that you’re from and click through. You will then be presented with a number of brokers that are tested and approved for you. The rest is as easy as three simple steps: Choose a Broker, Sign up, and Trade.

US Recommended Brokers

UKThe National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) regulate all online trading activity in the US, including the Binary Options market. It isn’t illegal for any Binary Options broker to accept US traders, but any disputes between traders and brokers do tend to lead to substantial prosecutions upon the broker.

In some cases, this has meant hefty penalties and fines. These restrictions have led to two distinct groups of Binary Options brokers that accept US traders. The first are offshore brokers that tend not to be regulated. The second group are regulated by one of the US regulatory bodies.

The majority of these brokers will provide a faultless trading experience for you, but the only way to be sure of this is to research a broker before trading with them. We’ve made this process easy for you by researching, testing, reviewing and now presenting the best US-friendly brokers to trade with. If you are still looking for binary options brokers have a look at the top 10 update list from here.

UK Recommended Brokers

UKUK traders have the best of both worlds. They are allowed to trade with any online broker they want without local restrictions, and their status as a EU member means they are covered by all brokers regulated by the UK’s very own, Financial Conduct Association (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

These are by far the most predominant licenses held by online Binary Options brokers, therefore it is highly likely that UK traders will be able to choose a broker regulated within Europe.

UK traders have the freedom to trade with almost any brokers, therefore both offshore brokers and regulated brokers can seem appealing. We always recommend traders research the best brokers available before investing in them. We understand that this process can be a long and arduous one, therefore we’ve tested and reviewed the very best UK brokers for you. We present these to you here.

Australian Broker Recommendations

AustraliaBinary 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 increasing popularity of this form of online trading has however led to the Australian Securities and Investments Commission (ASIC) offering supervisory services to this sector. There are a number of brokers that offer a fantastic service to Australian traders.

Some are offshore and some have the ASIC licencing and approval. We have tested, reviewed and presented the best brokers here for your convenience. All of these accept Australian traders, and some even offer AUD trading accounts, worth considering due to fluctuations in the exchange rate when funding your account in other currencies.

Canadian Broker Recommendations

CanadaOnline trading is allowed in Canada. Each of Canada’s 10 provinces has it’s own regulator for real world trading, but no overall watchdog for online trading compliance, regulation or licensing. The closest they have is the Investment Industry Regulatory Organisation of Canada (IIROC).

The IIROC has the power to set and enforce laws in the Canadian securities and trading markets, but this doesn’t really apply to the online world, therefore Binary Options trading is allowed in all parts of the country.

We have tested and approved a number of regulated and unregulated brokers suitable for Canadian traders. Our selected brokers offer suitable banking options, support and other services that you will appreciate as part of your trading experience. Simply click through, read our reviews, select the best broker for you and begin trading today.

Binary Options Brokers for European Traders

EuropeEuropean traders are some of the most fortunate when it comes to the world of online trading and Binary Options. The Cyprus Securities and Exchange Commission (CySEC) was one of the first to recognise and regulate Binary Options brokers.

Their regulatory process included the Markets in Financial Instruments Directive (MiFID), which states that those brokers licensed by CySEC may accept traders from all member states of the European Economic Area.

This allows all CySEC regulated brokers to accept traders from all European countries. CySEC is the predominant regulatory body for Binary Options, therefore European traders have a multitude of regulated choices here. European traders also have no restrictions on trading with offshore brokers. This means that the world’s Binary Options marketplace is an open floor with a multitude of choices for European traders.

As always, we recommend that you research all brokers before trading with them. As researching, testing and reviewing brokers is our speciality, we have done the hard work for you. Simply click through for a selection of Binary Options brokers that are highly recommended for you.