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Pocket Option

Founded in 2017, Pocket Option is a Marshall Islands-based company that offers one of the best binary trading platforms. Offering over 100 assets for commerce and a long list of convenient payment methods, Pocket Option has already served over 10 million users from over 95 countries.

• A low minimum deposit required
• High payout rate
• Excellent variety of technical equipment
• Minimum deposit: $50
• Minimum trade size: $1
• Maximum Return: 218%
• Demo Account: Yes

Quotex

Quotex is an innovative trading platform that you don't need to be an expert broker to start trading currencies, commodities, cryptos, indices and stocks. A demo account feature allows new users to see if the service is right for them before going through the registration process. There are also plenty of trading materials and guides, and leveraged trading indicators and integrated signals can help improve your profits.

• Excellent educational resource
• Wide range of trading tools
• User-friendly platform
• Minimum deposit: $10
• Minimum trade size: $1
• Maximum Return: 98%
• Demo Account: Yes

IQ Option

Headquartered in Saint Vincent and the Grenadines, IQ Option is a well-known and trusted binary options broker. With high binary payouts for an accurate prediction, no hidden fees, and a small minimum deposit, IQ Option is a great choice for people looking to get into binary options trading.

• Forex, Stock, Crypto, Commodity and ETF Trading
• High binary payout
• Available in many countries
• Minimum deposit: $10
• Minimum trade size: $1
• Maximum Return: 100% (in case of a correct prediction)
• Demo Account: Yes

ExpertOption

Expert Option is a binary options exchange that offers 100+ binary options. The specialist option lists the VFSC (Vanuatu Financial Services Commission) and FMRRC (Financial Market Relations Regulation Center) as their regulators.

They have approximately 50,000,000 trading accounts on PC and mobile platforms. Great fundamental and technical research tools, 24/7 trading, plus an initial deposit bonus make Expert Options a great pick. They perform more than 30,000,000 deals per month. Their office is in Saint Vincent and the Grenadines.

Deriv

One of the pioneers of binary options trading, Deriv has a long, storied history that extends back to 1999, when it was called Binary. The site is controlled by four separate government bodies from Malaysia, Malta and Vanuatu. Although it does not work on US territory, consumers living in most other countries may expect a terrific experience on Derive, thanks to a vast assortment of financial instruments and a robust platform.

• Choose between multiple platforms
• Quick withdrawal
• Trading in raw metals and synthetic indexes
• Minimum deposit: $5
• Minimum trade size: $0.35
• Maximum Return: 91%
• Demo Account: Yes

Binarycent

Binarycent is another binary options trading website situated in the Marshall Islands. The site distinguishes out for enforcing minimal minimum investment criteria for trading binary options and short periods of time with high payment rates.

• Low fees and commissions
• Lots of learning materials
• 24/7 customer assistance
• Minimum deposit: $250
• The minimum unit of trade is one cent.
• The maximum possible return is 98%
• Demo Account: Yes

Optional Race

The binary options broker RaceOption offers a robust copy trading platform that is just right for inexperienced traders and investors. A speedy withdrawal processing, flexible trading hours, a variety of deposit and withdrawal options, and a brief processing time for withdrawals. It provides a bonus on the initial deposit of 20% to 100%. These are some of the features that contribute to the greatness of this platform.

• Bonus on deposits of up to 100 percent
• Minimum transaction volume
• Trading on the Weekend
• Minimum deposit: $250
• The minimum amount per trade is $1.
• The maximum possible return is 95%
• Demo Account: You Can Have One

Option to Close

The state of Georgia is the location of CloseOption, a broker that deals in binary options. The organization has been operating for close to ten years, during which time it has been successful in earning the trust of a significant number of binary options traders. Stocks, commodities, indexes, and currencies are just some of the underlying assets that can be traded through CloseOption's platform. In addition to the two basic account kinds - demo and real - CloseOption also provides a third account type known as a competition account. This account is intended for individuals who are interested in taking their trading to the next level and competing with other traders. Users are advised to proceed with caution because CloseOption is not a platform that is regulated in the United States.

• There are many different options available for making payments.
• Help with the phone
• An extensive body of accumulated knowledge
• The bare minimum to deposit is $5.
• The minimum amount per trade is $1.
• The maximum possible return is 95%
• Demo Account: You Can Have One
• Everything you need to know about binary options

What are binary options?

Binary options are a unique and simple investment process based on a "yes or no" proposition, which is why this financial product is called "binary". Technically, binary options are derivatives, which means that investors do not buy the underlying product directly but instead try to determine whether the item's price will be above or below the projected price.

How Binary Options Work

Each binary option is defined by the time period and the direction of the anticipated asset. These three key variables are considered in binary options trading, which makes this form of trade quite uncomplicated.

All binary options have a fixed expiration date/time, ranging from a minute to a week or more. When the option expires, it is automatically exercised, and your trading account will be credited or debited based on whether the underlying asset was above or below the strike price at expiration. In a binary options trade, a buyer can either win a payout or lose the entire investment, while a seller can receive a full payment or retain the buyer's premium.

For example, a typical binary options deal may involve wagering on whether the share price of Apple (AAPL) will rise above $190 at 9 a.m. on August 10th. You can wager "yes" if you feel the share price will move over $190 or "no" if you believe it will go below. If you risk $100 on that deal and you're right, you'll get a reward based on the specified terms. If the payout rate is set to 80%, the binary broker will credit your account with $80. If your bet fails, you lose the entire $100 stake.

Payout rates for binary options can vary greatly based on factors such as liquidity and volatility and can range from 50% to 100%.