Best Binary Options Brokers 2014
After analyzing over one hundred binary options brokers our team of financial experts has come up with the final list of the top five binary options brokers in 2014. See the rankings below.
Our research has considered over one hundred brokers and analyzed them according to four sets of major criteria:
1) Trading Conditions
This major category takes into account the following aspects:
Assets you can trade - The more, the better.
Payout ratios - Brokers with higher payouts are more profitable as they offer higher returns to traders.
Trading platform - A simple and intuitive trading platform is a must in order to be a top binary options broker. Trading platforms can vary greatly and offer different trading tools and charting options.
Option types - While all brokers offer the classic Up or Down (Call / Put) options, there are many other advanced types of binary options that can add up to a trader's arsenal of instruments. Some traders like to use One Touch or Boundary options in some circumstances while other special features like selling the option before expiry or custom made options can be very useful as well.
We consider the safety of funds as one of the most important pillars of ranking binary options brokers. We take into account several factors when determining which brokers are safer.
The time the broker has been operating - The older the broker, the better.
Country of origin - This is the country where the broker is incorporated. We also consider the countries where the broker has physical offices. Brokers incorporated in solid jurisdictions should be safer.
Regulation - Some binary options brokers are regulated in many countries and this is proof of their stability and also offers more confidence.
Segregate accounts - Client funds should be kept in segregated accounts and should not be mixed with the company's own money. This ensures further protection for the client's funds and gives more stability to the brokers.
Banking options - The number and accessibility of deposit and withdrawal methods is very important because it makes depositing and withdrawing money much easier. Some brokers offer regional payment options on top of the widely accepted wire transfers and debit cards. The availability of ewallets or even Bitcoin is another plus for some brokers.
Withdrawal times - The less time it takes for withdrawals to be processed, the faster a trader can use the money won. Short withdrawal times also mean the broker has good cash flow and can handle large withdrawals easily.
Customer support - This is also very important because whenever a problem arises you should be able to contact your broker and get it resolved quickly. Some binary options brokers offer customer support in many languages and even toll free numbers. For international clients it is important to be able to contact their broker in their native language as well as on local phone numbers or via live chat.
4) Learning Material, Community and Promotions
Our fourth category is about the additional resources a broker brings to its traders. Educational material, trading guides, training seminars and videos as well as a strong community backed with contests and promotions can make your trading experience much better. We take into account several aspects here:
Learning content - Here we include the trading guides, the education section and every other effort from the broker to improve the trader's skills. Some brokers have comprehensive trading academies and offer live seminars or one-on-one coaching. Good video material is also appreciated by many traders who wish to learn the basics of binary options trading.
Trading advice - Some brokers offer personal account managers, especially for traders with larger deposits and vip accounts. Account managers or trading coaches can help you improve your results. Some brokers even offer trading signals that can help you make the most out of certain situations. Market insight newsletters can also be helpful as they give you additional knowledge on how the market may be moving.
Community - Some brokers try to develop a community of traders and make trading more fun and social. There is a growing trend in both forex and binary options to develop trading communities and be able to interact and copy fellow traders.
Promotions - Here we include deposit bonuses, risk free trades, demo accounts, trading contests, gifts and any other type of promotion that increases the total reward of the traders.
If you consider our list of the best binary options brokers reliable and our selection criteria are similar to yours then you can also check our ranking of the top forex brokers and see which forex brokers made it in to the top five.
For the list of the best forex brokers see our Top Five Forex Brokers in 2014 section.