6 Best Forex Brokers Offering Binary Options

If there is a point where the gambling and Forex worlds intersect, this would definitely be binary options. In their essence, binary options are nothing but bets on currency or stock price movement direction: when trading binary options, traders are basically predicting whether the price would go up or down - as simple as that. If the prediction is correct, the trader gets paid certain amount of money, known as payout or return. The average return for EUR/USD, for example, ranges between 75 percent and 85 percent of the bet, depending on the broker. Here is an example: if you bet $100 and you win, you get paid $
185 (your $100 + return of $85) 

Although they were only introduced in 2009, binary options brokers have taken Forex world by force. But with the fleet of binary options trading brokers expanding regularly, traders may need help in determining which ones are the best. OptionsBinaryForex.com has tested dozens of Forex brokers and we have decided to compile a list of 6 best Forex brokers offering binary options into these comprehensive binary options reviews.

Australian Direct FX 

It has become the newest FX broker to begin offering binary options, providing it to clients directly on the MetaTrader 4 platform. The offering is known to use the FX Lite technology from TradeToolsFX, which has created what it calls a 'MetaQuotes’ compliant, non-plugin version of binary options to a MT4 connection. The product has been made in response to complaints from MetaQuotes of brokers using unlicensed, illegal versions of server side plugins to provide binary options on the MetaTrader 4 platform. Early providers of server side plugins, included SpotOption and Marketspulse. For brokers, the ability to offer binary options’ trading directly on the MT4 platform allows customers to access options, forex and CFDs with one account and one system.

Windsor Brokers Ltd.

This company recently launched Binary Options Trading which, as mentioned earlier, has become very popular in the past couple of years as they offer traders an easy, exciting and simple way of trading financial assets. In May 2011, the Cyprus Exchange and Securities Commission decided to classify Binary Options trading as financial instruments and therefore brokers who intended to offer binary options, required a license. This opened a new horizon for the Binary trading industry that led to rise of Windsor Brokers Ltd. By regulating Binary Options, investors were seeking for brokers who offered this different way of trading financial instruments but who at the same time, had all necessary licenses and capital prerequisites, a good reputation and offered several trading facilities.

PowerOption

This is one of the world’s leading online trading binary companies regulated in the EU and Australia. Since its inception it has dedicated itself to 24 hour multilingual support with an easy to use and trader friendly platform. With a low deposit minimum of $100, 24 hour withdrawals, and 100% bonuses it is no wonder why PowerOption is rapidly taking the industry by storm Payouts range as high as 400% on one touch options. 

TradeRush

It was found in 2011 but it already looks like a mature Binary Options broker. Traderush has their headquarters in Cyprus. There is no big problem with this company - since traders started using broker from Cyprus, so far they have treated them nicely. SpotOption is their chosen platform with at least 85 different assets and a maximum payout of 81%. The minimum deposit is $200, one good thing is that the minimum trade could be as low as $5, which I think will suite well with beginners. However, they do not feature a demo account which is unfortunate since most novices will have a strong need for practicing their skills first. TradeRush takes full advantage of the SpotOption platform by offering 60 sec options and OptionPro (MetaCharts) as well. Not all SpotOption brokers do this. 

Vantage FX 

This is one of the innovative Australian financial services firms which strive to offer the best services in online Forex trading solutions to Australian traders and globally. As an award winning company, Vantage FX provide traders access to a variety of trading platforms including the popular MetaTrader 4 whilst still offering some of the tightest spreads in the Forex market, sourced from a range of liquidity providers. It is a Corporate Authorised Representative of Enfinium Pty Ltd (AFSL No. 322081), who acts as a licensee and outsource provider to oversee our compliance with Australian Financial Services Law and the requirements of holding segregated client funds at approved banks. As a financial service provider, Vantage FX is under the regulation of the Australian Securities and Investments Commission (ASIC) under Australian law. Adding to its accolades, Vantage FX in 2012 was awarded Best Forex Execution (Asia Pacific IB Times Trading Awards), Best Forex Broker & Forex Execution House - South East Asia (The DealMakers Annual Banking Awards) and Best Forex Broker Australasia (World Finance Foreign Exchange Awards). Vantage FX continually strives to provide a client-friendly, interactive and educational Forex experience. 

Optimarkets 

It is an eminent trading platform for binary options and is reputed among traders globally. The company brings forth a wide range of options for those who look forward to trading in the financial markets. The options available with OptiMarkets include Range options, One Touch options, 60 Seconds options, as well as Digital options. Backed with extensive knowledge about the field of binary options, the company also brings forth a wide range of underlying assets, such as currencies, indices, stocks, and commodities. This is quite convenient for traders, as they can select the asset suitably for trading.

Conclusion

Binary options are one of the easy options to trade price fluctuations in many global forex markets, but a trader has to understand the rewards and risks of these usually-misunderstood instruments. Binary options are not similar with traditional options. When trading, one finds these options with different payouts, risks and fees, not to forget an entirely different investment process and liquidity structure. Binary options traded outside the United States are also structured differently than those available on United States exchanges. When trading binary options, always try to work out which of the above discussed Forex brokers offer what you need. Actually, try to look for that broker whose services will surpass your expectations.