Getting the most appropriate binary option trading srevice for your business is complicated with a lot of functions, choices, and offers to consider. However, relying on our review directory will help you to streamline the necessary steps by showing all crucial brokers in a single location.
As an illustration, you can contrast Nadex and Magnum Options for their features and overall scores, in this case, 9.0 and 8.0, respectively. Furthermore, you can see which broker has higher general user satisfaction rating: 98% (Nadex) and 96% (Magnum Options) to determine which one is the better option. Don’t simply start using the platform with the most attractive minimum deposit, but the platform that offers the best value for your money.
We did our best to review all popular Binary Options Brokers solutions offered out there, but among all the ones we reviewed these three deserved our special attention: 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).
Magnum Options is the best binary options broker available today. Investors can trade a variety of digital options on this platform to make financial gains.
Please keep in mind that while both Nadex and Magnum Options may offer an outstanding set of features each software could be created for a different business size. If you are studying different apps you may want to pay attention to a company type they are meant for. Specific functionalities may scale up with no problem for huge enterprises but if you run a small or medium business it’s often better to refrain paying for advanced functionalities that you may never have a chance to use.
Page last modified
Why is FinancesOnline free?
FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions.
