Binary Options Trading Platforms (Top 4 in 2024)
Finding the best and most honest binary options trading platforms is like finding a needle in a haystack.
This is certainly what made many people think that most platforms are inappropriate.
But according to my experience, there are 4 honest platforms that you can register with and start trading through them.
Although the first platform is my favorite choice so far, the other platforms are considered honest and excellent as well.
Before we begin and tell you the best, it is necessary that you know well the amount of risk that you are about to take.
Because my main goal is to help you, I must tell you…
Before making your first deposit in any of the binary options trading companies mentioned in this topic, you must make sure that you do not need this amount because many people lose their entire trading amount.
So think carefully before starting.
What are binary options (a very quick overview)?
If you already know what this field is, skip this part to the next part.
But I decided to give a simple overview just for beginners.
Binary option:
It is one of the types of trading through which transactions are entered into on currency pairs, metals, or others.
But….
The transaction in binary options is limited by a time period.
For example, you will trade gold.
Now you have to do the following:
- Determine the transaction amount (from $1 to $10,000).
- Determine the transaction time (from 30 seconds or 60 seconds, up to 15 minutes and sometimes more).
- Choose the type of deal (will the price rise or fall after that period).
- Wait for the counter until the time period expires, and in the event of a correct prediction, you will win a percentage of your amount that may reach 96%.
- In the event of a wrong prediction, you will lose the entire amount.
That is, if you invest $10 :
- In gain, you may get $19.60.
- In a loss you lose your entire trading amount
The best and worst thing about binary options trading is that it is a very quick investment, whether in profit or loss.
Note: Many people lose in options because they do not follow a clear strategy or method to reduce losses, and although you do not have to become a trading expert in order to start, you do need to follow a specific method, and my method has already been shared in the iqoption platform guide .
Do Binary Option platforms pay?
My experience with options was with more than one platform, but the best experience was with only one, iqoption.
I was able to pull through it several times without any problems.
So every time someone asks me what is your favorite binary options trading platform, I recommend this platform to him.
This is a picture from inside my Skrill :
As you can see in the previous image, these transfers are current in 2022.
The nice thing is that the withdrawal and deposit took place on the same day without problems.
In fact, at the same moment of withdrawal, the money arrived in my Skrill account.
So I consider it my favorite platform.
Note: I made an explanation of the iqoption platform with proof of withdrawal from it , and I also talked about my experience and trading strategy. Be sure to read this guide.
The best binary options trading platforms 2022
Here you will find only reliable options trading companies that have been tried by us and by many others.
But this does not mean that these sites will remain honest. They may remain honest, or they may not.
Therefore, we will try as much as possible to constantly update this topic to add or remove dishonest trading platforms.
First, let me talk to you a little about my favorite platform:
1- Iqoption platform (the best option platform for me)
I remember 3 years ago when I made my first deposit into Iq Option.
Despite some problems (I will mention them below) that I faced with this platform, it is one of the best and most reliable binary options trading companies in the world.
It is definitely one of the best and most honest sites that I recommend.
I will share with you my experience with this platform and proof of withdrawal through it below.
Now with some of the features and features of IQOption:
- A reliable and honest platform that has won many international awards.
- The platform has a license from the Cyprus Federation.
- You can open a demo account worth $10,000 to learn trading and get to know the platform.
- The platform offers courses to learn binary options and Forex , in addition to recommendations and market news.
- The minimum deposit is $10.
- The minimum withdrawal amount is only $2 (the first time a month without commission, after that, a commission of 2%).
- Withdrawals are made immediately in the case of VISA, Mastercard and Skrill, but it may take up to 3 days.
- The minimum amount to open a deal is $1.
- Deposits and withdrawals can be made via (credit card – Skrill – Neteller – Bitcoin – advcash – Perfect Money – WebMoney)
- The platform has applications for Android, IOS, as well as Windows and Mac.
- A very high profit margin of up to 96% of the transaction amount.
- You can trade digital currencies and many pairs, as well as gold, oil, stocks, and others.
My problem with iqoption at first?
I made a deposit through Skrill Bank and I had not activated my account with it.
So when I decided to withdraw (and I had already confirmed my identity on the platform), the withdrawal was rejected because the Skrill account was not activated.
Therefore, it was disrupted for a long time until I was able to activate the account and withdraw.
Therefore, if you decide to deposit through electronic banks, it is necessary that you activate your account initially.
2- Olymptrade platform
My second choice on the list of the best binary options trading platforms is the Olymp Trade platform.
It may be considered the first choice for many people and other bloggers, but my experience in trading on it was good but not the best.
As soon as I made a deposit into the platform using my Skrill account (it was not activated with the ID), the account was frozen until it was activated with a bank statement.
Knowing that I made a deposit to this previously unactivated account in IQOption and this problem did not occur.
However , if your account in electronic banks has a fully activated identity, it is the best in terms of withdrawal without problems.
- A reliable platform that has won many awards and excellent reviews from traders.
- One of the most famous binary options trading companies that has been operating for 6 years or more (you must have met its advertisement).
- You need to confirm the identity of your Olymptrade account with a national or other ID card in order to deposit and withdraw without any problems.
- The Olymptrade platform is distinguished from other binary options trading companies in that it offers deposit bonuses, which you can trade with and win money using this bonus, but you cannot withdraw that bonus, but only the profits that you obtained from trading with that bonus.
- The minimum deposit is $10.
- Deposit methods (Skrill – Neteller – WebMoney – credit cards – Bitcoin – bank transfer – others)
- You can withdraw using the same deposit method.
- Withdrawal takes place within 2-5 working days.
- There are no commissions that the company collects on withdrawal or deposit (excellent)
What do I prefer?
Many traders prefer this platform because there are no significant problems with withdrawal.
What don’t I prefer?
Aside from that problem that I told you about above, there is another thing that I do not prefer, which is the minimum withdrawal limit.
In order to be able to withdraw money from Olymp Trade, you need a minimum of $10.
Unlike Iq option, from which you can withdraw starting from only $2. In addition, the withdrawal may take up to 5 days, and the latter may require an immediate transfer.
But in general, the opinions of traders at Olymp Trade are very good. If you will deposit an amount starting from $30, you will get a trading bonus.
Bonus until April 13: 30% on your deposit if you use this code ( BIGBONUS30 )
3- Expert Option platform
In recent days, Expertoption has become one of my favorite and reliable binary options trading platforms.
The Expert Option platform is characterized by many features, which make it a first choice for many people.
Although my current experience with it was not long, I think it deserves its place on this list.
The most important features of the Expertoption platform are:
- Honest, reliable and payment platform.
- It contains recommendations for currency rates in case they rise or fall.
- It has applications for mobile, Windows, and Mac.
- The minimum deposit starts from $10 for the first plan.
- The minimum amount for one transaction in this company is also $1.
- You can start with a demo account to get familiar with the platform.
- The platform contains very useful courses, recommendations, and scientific materials, but there are some privileges for those who make large deposits.
- A profit margin of up to 95% of the transaction amount.
- You can withdraw profits starting from $10 (this is what I do not prefer in expert option).
- Funds can be withdrawn through more than one means, including (Skrill, Bitcoin, Neteller, Visa, MasterCard, etc.).
- The money is sent to your account within two days.
- You need to confirm your identity on expert option in order to withdraw money from your account.
- There are many pairs and trades that you can start trading with.
4- deriv platform
In fact, I have not tried this platform myself, but by reviewing many sites and the opinions of some people, it is one of the good options sites.
- The platform has been operating since 2000 and includes hundreds of thousands of traders.
- A platform registered under European supervision.
- The minimum deposit through Neteller is only $5.
- You can deposit through several methods, the most important of which are (bank transfer – cards – Skrill – WebMoney).
- You can withdraw your profits within one business day.
- The minimum amount to withdraw your profits is only $5 for any method.
- The company provides deposits and withdrawals via digital currencies.
- You may need to confirm your account identity, but only when asked to do so.
If your investment amount is $10 or more, I recommend the companies above, especially Iq, but if your amount is only $5, you can try Deriv.
Why should you register with more than one Binary options trading company?
You may agree or disagree with me on this point…
But although the binary options trading platforms here are reliable so far, I prefer to distribute the money that I decided to trade between more than one company.
This is simply to reduce any risks that may occur to my capital, whatever those risks may be.
But if your investment amount is the minimum for these companies, it is normal for you to subscribe to only one platform.
My advice here is mainly directed to those who want to invest large or medium amounts of $100 , $200, or double it.
Tips when choosing an option trading platform
For me, the 4 on this list are the best and they are sufficient and there is no need to search for other brokers.
But even if you want to research further, here are some factors you should consider:
- The company’s license: Is the company regulated or not? The platforms mentioned in this topic are all registered and regulated.
- Deposit: The minimum deposit is very important, as some of these companies have a minimum of $100 and sometimes $250.
- Withdrawal: When can you withdraw? Can you withdraw small amounts, or does the company force you to wait until your balance reaches $100 or more? If the difference between the deposit and withdrawal amounts is large, it is better not to register with this company.
- The beginning: The longer the company has been in the market, the better, but it is not a fixed rule. A platform like Expert Option was opened only 5 years ago and is considered one of the best platforms out there.
- Deposit and withdrawal methods: Knowing whether your deposit and withdrawal method exists on the platform or not is very important to decide whether it is suitable for you or not.
- Ease of use: The platforms on this list are very easy, but there are some companies that are not suitable for the novice trader, so be sure to read the reviews of other traders.
- Conditions for your country: Some platforms cannot be registered in some countries in the world, so make sure the platform is available in your country.
- Traders’ opinions: very important to determine credibility.
- Demo account: This account enables you to try out the platform and test it with virtual money so that you can learn better (the above platforms all provide a Demo account).
- Profit percentage: Pay close attention to the percentage of profit you get from each deal (for IQOption, the return reaches 96% and sometimes more, so that is better).
- Languages and technical support: The language of the website is very important, in addition to whether technical support is quick to respond or not.
What is the best reliable binary options trading platform (my recommendation)?
In fact, I cannot tell you that there is one platform that is 100% reliable.
Although these platforms are still paying, I do not know the future.
But based on my personal experience, my choice will fall onIq Option .
This does not mean that trading platforms are bad or fraudulent, as our experience was also good with:
- Expert option
- Olymptrade
But the most continuous experience was and still is with Iq.
So it’s my favorite choice so far…
Do you have any questions ?
I tried as much as possible to write all the information you need about the best binary options trading platforms, Binary Options.
But it is possible that I have not touched on some of the matters you wish to ask about.
So if you have any questions, do not hesitate to leave them in the comments or contact us through our Facebook page.
I wish you good profits.
About the writer
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