2015 is an exciting year for binary options traders with a large number of established and new brokers creating the most competitive year in the industry’s history. The combination of experienced brokers maintaining reliable and popular trading platforms and the newer entrants providing innovation and cutting-edge trading platforms makes 2015 highly beneficial for binary options traders. However, among the large number of brokers available, is it possible to select the best of the bunch?
Secure trading as the most important factor
In the early days of binary options trading, many traders were put off by the lack of reliability of many binary options brokers. The lack of regulation, when compared to other forms of speculation was obvious and meant that the brokers behaviour could not be officially monitored. Thankfully, a handful of the pioneering binary options brokers, such as Banc de Binary and TradeRush moved to become regulated under the Cyprus Securities and Exchange Commission (CySec) which quickly became the norm and has many binary options brokers currently regulated through this European agency. Needless to say that those who became regulated are among the most popular and it is now a central requirement for traders looking for a binary options brokers. Newer binary options brokers, such as 10Trade, have made a particularly large effort to promote the security of their broker services through regulation.
One of the most notable development in 2015 has been the improved technology in the binary options trading platforms. The central theme of all binary options broker is to maintain its trading platform as straightforward as possible, allowing a simply switch between assets and types of binary options for its traders. However, a number of brokers have introduced innovative layouts in order to provide a more powerful trading environment, without compromising this simplicity. Brokers such as A24Option now offer advanced charting, something which many early binary options brokers lacked and they are currently leading the field with this technology.
Of the four main trading platforms available in 2015 (SpotOption, AnyOption, OptionFair and Tradologic), they each offer their own benefits to the brokers using these. The AnyOption propriety platform is considered as one of the most innovative from this group, providing 15% insurance rates to brokers’ clients and some slick features such as rollover to help preserve their clients’ accounts. In addition, they have attempted to introduce a social element to their platform, including a ‘show-off’ wall where traders can see in real time the profits being taken by other traders worldwide.
It would not be fair to look at trading platforms in 2015 without focusing on the mobile solutions that these offer their clients. Since the majority of binary options traders are said to trade using mobile phones or tablets, looking for a broker which provides the most advanced technology in 2015 has become essential. Almost all of the top brokers provide a free app for both android and iphone devices and the quality of this varies. For brokers such as Banc de Binary and Traderush, they have successfully created an app which replicates the simplicity of their desktop platform, allowing fast monitoring and trading from any location. Additionally, Stockpair are leading the industry with their replica app for trading binary options pairs.
Assets and binary options available
Depending on an individual traders preference will determine which 2015 binary options broker is going to be leading in this department. Asset lists have grown extensively in the past few years and, unless a trader is looking for something niche, most of the popular binary options brokers will likely cover the required forex, stock, commodity or indice market.
For those looking for specific ways to trade binary options, such as ladders, 60 second or pairs, choosing the correct broker will be essential. Beyond the standard binary options, paris have emerged as a very popular way to trade two assets against one another, and the best broker for these is Stockpair. For those looking for 60 (or even 30) second binary options markets, the most reliable of these will be Traderush who not only have the most experience in these markets but provide a highly reliable platform for short-term trading. If a combination of short, long and special binary options is preferred, Banc de Binary and 24Option are likely to be the best all-rounders.
Payouts and bonuses
Payouts are generally around 70-80%, with a variation between brokers in whether they offer a 0-15% insurance rate for losing positions. AnyOption provide the most generous insurance rates, although the payout rates of other brokers are likely to be higher. For One touch range options, pay outs can be in excess of 500%, although the chances of success are also replicated by the level of profit.
Whilst it is not advisable to join a broker simply because it offers a cash bonus, a number of 100% offer exist including newer brokers such as 10Trade. These are often provided by the newer brokers in order to promote their services among the established brokers and can be a very good deal for traders wanting some additional cash to practice their trading. Conversely, established brokers such Banc de Binary offer a highly beneficial demo account with access to educational material in order to entice new traders to sign-up.