Banc De Binary is one of the largest online brokers in the world and at times they have had their share of controversy.
They were also the first broker to raise their minimum deposit to $500 which upset a lot of new traders. Today they are one of the most professional trading operations and offer excellent training and trading tools for customers. We’ve arranged a TradeOpus exclusive with BDB by offering TradeOpus readers a chance to experience BDB for only $99 minimum deposit. read more…
TradeOpus has made their selections for the 2013 Binary Options Broker Awards. This is the first year that TradeOpus has issued awards to brokers. The selections were based on a combination of objective standards, customer feedback and our own testing and experiences. read more…
Updated For 2014
Most Binary Options do not accept PayPal for deposits. PayPal is one of the safest and most secure ways to make online transactions. We have done a thorough search and found that there are in fact several following Brokers that do allow PayPal. read more…
UPDATED For 2015
NEW: Free Detailed Binary Options/Forex Signal of the Day.
Trading Signals can be an important tool for any trader. A buy or sell signal is an indicator as to when you should execute a trade. The signal is provided either by a computer program that scans certain trading parameters or by expert traders that manually send the trading signal by email, messenger or SMS. Trading signals are popular in Binary Options trading because of the simplicity of the trade. You need only know the asset, execution price, direction and time frame. Other types of trading are more complex in that you need to know when to exit the position as well as when to enter the position. read more…
Top Rated Brokers
- TradeRush Rating 91%
- BeeOptions Rating 88%
- 24Option Rating 86%
- AnyOption Rating 85%
See the reviews and ratings of all brokers and choose the right options platform for your trading.
As we enter 2014 we would like to review some of the top stories in the world of Binary Options over the past year.
To Be Regulated or Not to Be Regulated
2013 saw the first group of brokers receive a CySEC CIF license making them regulated throughout the EU. The licensing is actually a requirement for brokers registered in Cyprus. In late 2012 SpotOption, the largest platform provider, which is based in Cyprus, received the first Binary Options license. This year Banc de Binary, TopOption, iOption and 24option became the first brokers to get the CySEC license. The process is costly and takes several months.
Another key factor in deciding whether to secure regulation or not has to do with the acceptance of US customers. Earlier this year Banc de Binary made headlines by claiming they were in negotiations with the CFTC to become regulated in the US. In fact the CFTC and the SEC demanded that Banc de Binary cease from soliciting or accepting accounts from US citizens. The only way they could do so would be to act as an exchange following all applicable CFTC and SEC regulations which is an extremely long and expensive endeavor. CySEC is actually participating in the proceedings against Banc de Binary and it appears that part of the CySEC licensing requirements is that brokers stop doing business in the US.
Sure enough Cyprus based brokers such as 24option and AnyOption stopped accepting US accounts as they were in the process of applying for their CySEC licenses.
The question for the future is will brokers like TradeRush and Cedar Finance continue to accept US customers while flying under the radar of the CFTC or will they take the safe route and complete their CySEC licensing requirements and focus on the non US markets until a reasonable solution for US regulation is found.
Bots, Robots and AutoBots
2013 has been the year of the Bot. After the initial success of the Option Bot trading system in 2012 there have been a plethora of Bot offerings this year including Option Bot 2.0. The Bots/Trading systems use aggressive marketing campaigns directed at segments of society looking for get rich quick schemes. They often make outlandish promises that you can make hundreds of thousands of dollars with these systems that exploit opportunities in the market. These Bots have drawn many customers to brokers. Unfortunately these are people who had no inclination to trade Binary Options, but were just looking for easy ways to make money.
Many brokers work with these Bot companies as they drive many customer deposits. I anticipate we will continue to see more and more of these Bots and systems. Many of them are basically the same product just marketed in different ways and repackaged as the newest winning system on the market.
The truth is many of the bots have value. They can be an important tool for traders as they provide quality real time trading signals. As people become disgruntled with the false promises and brokers realize that more harm is being done for the long term success of the business the bots will be marketed for what they are; a helpful trading tool if used with an effective strategy.
More Brokers, New Platforms and Better Features
This year we have seen an explosion of new brokers to hit the market. There are close to 200 brokers available with little to distinguish many of them. Brokers are offering lower minimum deposits, higher payouts, free signals, tools and higher bonuses as ways to try and lure traders. From our experience the brokers that provide the best service and honest and transparent businesses modeled after the most successful brokers are the ones to watch. We have singled out Redwood Options and Bee Options as the 2 new brokers for this year that best fit these standards.
We also saw competition among the different platform providers to offer better designs and new features. TradoLogic and TechFinancials both upgraded their systems earlier this year by adding short term options and other features. Recently SpotOption unveiled their new platform with GToptions and Bee Options. The new spot design includes improved charts and 30 Second Binary Options.
As we move forward we will begin to see smaller brokers begin to close their doors while others will be consolidated with larger brokers. We should also see Forex companies begin to introduce their own Binary Options trading platforms with unique designs and features.
Week in Review
Global equities slumped towards the end of last week after enjoying two successive days of gains. A pivotal event occurred last Friday when the US Department of Labor disclosed its vitally important jobs report for December. Although at first sight the released figures appeared very impressive; investors became progressively more disturbed after reviewing the supplied data in more detail. Specifically, US employers created 252,000 new posts last month surpassing analysts’ expectations 0f 240,000. However, this bullish catalyst was countered by a significant decline in wages, which subsequently forced stock prices to crash lower. As such, the leading US indices plunged last Friday epitomized by the Dow Jones Industrial Average plummeting by slightly over 170 points; the S&P500 dropping by nearly 18 points and the NASDAQ falling by 32 points. read more…
May 9-10, 2014
Shanghai Pudong Expo Center, China
Organized by Eastpearl Group
Official website: www.ciotexpo.com
As China’s economy is growing rapidly, China has been a hot market for many brokers around the world. read more…
Beast Options has announced that they will accept Bitcoin as a currency for Deposits and Withdrawals. They are the first broker in the industry to take this step. Bitcoin is the most popular virtual currency having reached a price level of over $1100 per Bitcoin in November of 2013. Thousands of online merchants accept bitcoin for payment and many brick and mortar businesses are beginning to accept bitcoins as well. read more…
A Free Demo Account is the best way to practice trading. Test the trading platform and your trading strategies without risking any money.
A no deposit practice binary options account is the best way to simulate a real time trading experience. We have the most exclusive up to date list of Binary Options brokers with free demo accounts.
Sign up for our trading and options newsletter and get the latest market news and information directly to your inbox. Plus get access to the latest strategies and broker promotions before they’re published on the website!