Where To Trade Binary Options: Top 3 Platforms

Binary options are favored by many experienced traders because they can be used to multiply even a relatively small deposit. However, it’s crucial to choose a reliable broker that allows using them without extremely high commissions or withdrawal delays. Security is also a very important aspect you should consider since there are many scams in this trading niche. To help you out, we’ve created a list of the top 3 most reliable trading platforms with attractive conditions where you can trade binary options.

About binary options

Binary options are derivative financial instruments that allow you to make money by predicting where the price of a certain asset is going to move. They are relatively easy to understand: basically, you are betting on a particular market, expecting it to be above a specific price at a specific time. If this opinion is correct, you get your bet back and earn a reward. If you guess wrong, you lose your bet. That’s why these instruments are considered risky, but they can be very profitable as well.

Binary trading is prohibited in many countries due to its risky nature, and not every broker includes the options in their list of available trading instruments. However, there are several reliable platforms that can be used to buy and sell binary options. Let’s check out the best 3 platforms where to trade binary options.

IQcent

IQcent is widely considered the best platform for binary trading. While the company does not disclose all information about its funding and performance, it’s known to be secure and reliable. The conditions here are favorable, and the broker features many bonuses, including a hefty welcome bonus that can reach 80% of your deposit. The fees are average, and the spreads are pretty tight.

VideForex

VideForex is another well-known broker that allows binary trading. You can practice on a free demo account before entering the actual market, and there’s a user-friendly support service ready to answer all of your questions. However, there are almost no educational materials here, so you should look for them elsewhere if you need to learn the basics.

Raceoption

Raceoption is an international broker that has a wide variety of available trading tools: stocks, indices, currency pairs, binary options, and so on. It features convenient methods for deposits and withdrawals along with several ways to create a source of passive income.