Selecting the right binary option trading srevice for your company is complicated with a lot of features, choices, and offers to take note of. On the other hand, relying on our review platform will allow you to cut down the selection steps by showing all main brokers in a single place.
For example, you can contrast Nadex and CloseOption for their functions and overall scores, in this case, 9.0 and 8.5, respectively. Likewise, you can check which broker has higher general user satisfaction rating: 98% (Nadex) and 97% (CloseOption) to learn which service is the better option. Don’t just start using the platform with the most attractive minimum deposit, but the service that gives the most cost-effective value.
We are aware that not all people have enough time to test a wide range of different products, so we prepared a list of recommendations that you may find useful. Our top choices for the Binary Options Brokers category are: IQ Option, Nadex, GTOptions.
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).
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.
You don’t want exclusively a wide range of useful tools and flexible pricing from a popular Binary Options Brokers. Almost as essential as core features is a quality customer support. You want to guarantee that when you have any questions about Nadex or CloseOption, or you face some problems, or perhaps you’ll want to ask for a specific revision or functionality useful to your business you can rely on a responsive and helpful customer support. Examine if services such as phone support, tickets or live chat are available. It’s also a major asset if you are able to enjoy individual training or at the very least an FAQ you can use.
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