Top 3 Binary Options Brokers
At How We Trade we like to inform our users without over-informing. Basically we like to get you the information you need, the information you might find useful or interesting, and nothing useless. With that in mind here are (in our humble opinion) the three best binary option brokers that you would want to trade with. Each offers the trader a different set of features from the others, which we think provides a nice mozaic of choices for you.
24Option – Most Trusted Binary Options Brand
24Options is a good solid broker. They have an excellent reputation, a big enough clientele so a trader knows they are trustworthy, and offer some fun perks and competitions. They are also CySec (the Cypress Equivalent of the SEC) regulated, which inspires trust in their business practices and products.
Their website is a little less professional than Tradorax but it is still easy to use. Certainly a viable option for anyone looking to open an account, and if we did not trade with Tradorax we would trade with 24Options. Purportedly they also make depositing and withdrawing very easy though we can not speak from personal experience.
The are a solid overall broker, good reviews and trusted by their loyal users. The website is out of date though, and the customer support is not available as Tradorax. They also offer fewer educational resources. If educational resources are not important to you you probably will not mind 24Options.
We recommend 24Options because they have excellent reviews from their customers and they offer some good bonuses and promotions as well.
Tradorax is a fairly new broker. The smallest of the three, they are competing for market share aggressively. Because of this they offer the best promotions for traders of the bunch. Some of the promotions they offer are 2 risk free trades, account bonuses, and gifts such as Ipads for funding a large account.
Their website is simple and easy to use, yet has a certain professional elegance within its simplicity. They are getting good reviews from users, and they are growing very quickly. This brokerage could very well be the world leader in a couple of years. They are also CySec regulated. Customer reviews say withdrawing money has been a breeze, and it is hard to find an unsatisfied customer amidst their good reviews.
There doesn’t seem to be a real downside to using Tradorax except for the fact that they are a little bit smaller and newer than some of their competitors.
We recommend Tradorax to users that want to take advantage of great promotional offers, have a great trading software platform, and want the quickest access to withdrawing their money.
EZtrader is a name that everyone in binary options knows. They were the first company to offer a web based trading platform, they have an app for smartphones, and they have the most professional looking website. They also have by far the most educational resources for traders.
They are a legitimate choice for an amateur or more experienced trader alike because of their professional yet easy to use platform. They also have 24/7 customer service, and offices located in multiple countries. If you feel most comfortable trading with the titan of the industry, this is the choice for you.
The downside is that they don’t offer a lot of incentives to open an account because they are so well known, and there are some complaints out there about them. Complaints have mostly focused on later adjustments to accounts to turn winning trades into losing trades, and having a very long and difficult withdrawal process.
Any large company is going to receive some complaints, and some of these readjustments may be legitimate, for instance data feeds could have been interrupted or inaccurate at a trades execution, and later corrected to true prices.
This is a judgement call for traders. EzTrader is one of the largest companies in the world, so many clients must be very satisfied.
We recommend them because of their trading software, which is professional and convenient, and it allows trading from smartphone and tablet devices.