*Last updated 8/28/15
Binary Trading Brokers Reviewed
If there is one thing we hate in Canada, that is getting ripped off. Trading with a reputable binary option broker that accepts traders from Canada ensures your money is protected through enhanced security and a trusted website, however not all trading platforms offer this.
Updated For 2015
There are many brokers proven to be trustworthy. There are many more brokers who have proven to be untrustworthy. Keep in mind that many traders lose money when they start trading binary options. This could be because they are just not very good traders or they are making mistakes that end up costing them money. Many of these traders blast the broker directly even when it is the traders fault. We have been in the business long enough to list out the good brokers from the bad.
Below we review five reputable binary options brokers. These binary trading sites accept Canadian citizens, have easy deposit and withdrawal methods and will give you a fair trading experience.
One of the most respected binary options brokers, 24Option (www.24option.com) offers easy to access customer service and extensive resources that help you to become an experienced trader. Additionally, 24Option offers a low deposit demo account. With $250 you can access a binary trading account with trial money designed to help you get more comfortable with trading binary options without the risk of real money. At 70-85% returns, they are competitive with most other brokers and they on average will have the highest returns for FX binary trading. See full review.
Banc De Binary
Based out of Cyprus, Banc De Binary (www.bbinary.com) is a top-picked platform among higher net worth individuals who are looking to trade in larger amounts. In addition, they offer one of the most extensive selections of available assets. Banc De Binary has a high minimum deposit of $500 to begin. However they make up for this by offering some of the highest returns among brokers of up to 90%. They also offer exceptional customer service. If you can invest $500.00 they will set up a $50,000 demo account for you to trade with and practice until you are ready to trade for real money. Learn more here.
GOptions remains a top choice for Canadian traders with their low barrier for entry. It is only $200 minimum to get started and they offer a fast withdrawal for verified accounts. You can start trading binary options with the lightning fast turbo options that expire in 30 seconds and 60 seconds. Or you can go for the more traditional options and trade the longer term binary options. Support is quality and the overall size of the broker is on the medium size. They are not as large as the other brokers we recommend but they do offer a bit more personalized service. You can join group skype calls to learn the in’s and outs of trading at GOptions for free once you get signed up. If you are willing to deposit at least $500 you can take advantage of 4 risk free trades of $25 each.
A well-rounded broker, OptionFair offers a good selection of assets, average payouts and a minimum deposit of $250. One feature unique to this broker is the fact that they offer a free demo account with no minimum deposit for a period of 72 hours. Thereafter you must place a deposit to continue to use the demo features. Some users find that there is a lack of trades available to enter with short expiry times, however for beginning binary options investors, this is not a big issue.
TradeRush (www.traderush.com) is a sound, reputable binary options broker, offering a wide variety of assets available to trade. As with many binary options brokers, the website is fully self-contained, meaning all your trading takes place within the website; no software is necessary to download. The typical payout on a winning bid is very reasonable, between 65-81% and a losing bid is up to 10%. TradeRush also offers a large selection of 60-second options that allows for more trades per day and creates an exciting environment. They are one of the top brokers of choice of websites like www.binarytrading.org. Find out more details in the review.
Each binary option broker has slightly different features and drawbacks; however the most important consideration is whether you will feel safe while trading. Check out each of the brokers on this list and decide for yourself which features and layout are most important to you.
Are People Trading Binaries Online In 2015?
Yes. And as the economy continues to improve the number of traders is going to increase. We are at the early stages right now. The gold rush stages. Binary trading is hot and it is about to be super hot. You can learn the basics of binary trading here and just make sure you stick to a reputable broker before depositing any money.
Many are carefully designed to scam investors (you) out of their money by posing as legitimate trading websites. When in reality these types of binary websites are nothing more than bucket shops looking to fleece you from your money. With binary options being simple to do, but not easy to master it makes the industry ripe for fake trading sites. These sites give the legitimate brokers a bad name, and there are high quality binary options brokers you can trade safely, securely and if you win, you will get paid.