Choosing the most appropriate binary option trading srevice for your organization is hard with a lot of functions, options, and offers to take note of. However, using our review directory will allow you to cut down the selection steps by getting all key services in a single location.
For example, you can contrast CloseOption and Nadex for their features and overall scores, in this case, 8.5 and 9.0, respectively. Furthermore, you can compare which service has superior general user satisfaction rating: 97% (CloseOption) and 98% (Nadex) to find out which solution is better. Don’t simply choose the solution with the lowest minimum deposit, but the solution that has the best value for your money.
We realize that not all companies have enough time to test a wide range of different services, so we prepared 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).
You should note that while both CloseOption and Nadex may provide a reliable range of features every solution may be aimed at a different company size. If you are comparing features you should pay attention to a company size they are catering to. Certain elements may scale up well for huge enterprises but if you have a small or mid-sized company it’s usually better to avoid paying for customized features that you may never have a chance to use.
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