Selecting the most appropriate binary option trading srevice for your business is difficult with so many functions, options, and terms to take note of. On the other hand, relying on our review platform will make it possible for you to cut down the selection process by getting all major providers in a single location.
For instance, you can match CloseOption and Nadex for their tools and overall scores, namely, 8.5 and 9.0, respectively. Likewise, you can compare which broker has superior general user satisfaction rating: 97% (CloseOption) and 98% (Nadex) to learn which one is the better choice. Don’t just pick the solution with the most attractive minimum deposit, but the service that offers the most cost-effective value.
We realize that not all companies have enough time to examine dozens of various solutions, so we came up with a list of recommendations that you may find useful. Our top selections for the Binary Options Brokers category are: GTOptions, IQ Option, Nadex.
There are three account types available to a user once they sign up. These are the Demo, Real, and Contest accounts.
Demo. Like other binary options platforms, CloseOption provides users a demo account to try out the platform and test their strategies without any financial commitment. It provides users with real-time data to base their risk-free trades while only using virtual money.
Real. This is a live account where users can deposit real currency. There are three balances available: a Wallet for storing money, Real Account Balance for traditional currencies, and a Crypto Balance for Cryptocurrencies.
Contest. This is the account that CloseOption traders use to join weekly trading contests. Initially, the broker offers a virtual balance that users can use for competitive trading to win cash prizes.
Payouts Percentage
Up to 80%
Withdrawal Options
Webmoney, PayPal, Credit Card, Debit Card, Bank Wire Transfer
Assets
Forex
Available Support
email
phone
live support
training
tickets
General Info
A binary options broker that provides intuitive currency-pair trading options instruments and a trading platform simple enough for novice traders. CloseOption has been recognized with our Rising Star Award for 2021.
Nadex Members may maintain a Direct Trading Member Account. The Exchange does not charge a membership fee for a Direct Trading Member Account.
Direct Trading Members – No minimum initial deposit and no minimum balance required afterwards
Binary Option Contracts
Entry or exit before expiration – $1 trading fee per contract
Trade expiration (in-the-money) – $1 settlement fee per contract
Trade expiration (out-of-the-money) – No settlement fee
Call Spread and Knock-Out Contracts
Entry or exit before expiration – $1 trading fee per contract
Trade expiration – $1 settlement fee per contract**
**The platform does not charge a settlement fee that exceeds your total settlement payout for a position that you held up to expiration. For instance, if your position settles in-the-money at expiration and your settlement payout is only $0.50, Nadex will only charge you $0.50 instead of $1.00.
Transaction Information
Returned Deposit/Chargeback – $25
Wire Withdrawal – $25
ACH Withdrawal – Free
Account Setup – Free
Deposits – Free
Debit Card Withdrawal – Free
Dormant Accounts (no activity for 12 consecutive months): $10.00 per month
No account will become negative
A dormant account with a $0 balance may be terminated
The premier US exchange for binary options, knock-outs, and call spreads. Nadex offers its members access to flexible trades in top markets including forex, stock indices, and commodities. It has an intuitive trading platform and is regulated by the Commodity Futures Trading Commission (CFTC).
The services compared on this page are merely a small sample of our complete Binary Options Brokers category and you should keep in mind that there might be more reliable services out there. If you want to guarantee you make the wisest choice for your company we strongly suggest that you compare more products first. You may also want to study our top 10 Binary Options Brokers list to learn which products are in the current year the highest-ranking ones and leaders in the market.
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