Selecting the best binary option trading srevice for your business is difficult with so many functions, options, and terms to take note of. However, relying on our website will allow you to streamline the necessary steps by getting all main providers in a single location.
For instance, you can contrast Nadex and Option888 for their features and overall scores, namely, 9.0 and 7.5, respectively. Furthermore, you can check which service has higher general user satisfaction rating: 98% (Nadex) and 100% (Option888) to learn which one is the better option. Don’t just pick the platform with the most attractive minimum deposit, but the platform that gives the best value for your money.
Those of you who want to save some time or need a Binary Options Brokers advice from our experts may want to try out these top choices for the current year: IQ Option, GTOptions, Nadex.
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).
Option888 provides options on forex, commodities, stocks and indices. You can trade using the following trading types:
Digital: The typical High/Low options. You determine if the asset will fall or rise in value.
Touch: You determine if the price of a given asset will reach (or touch) a specific value within a given time period.
Range: Also referred to as a boundary trade. You decide if the asset price will remain within two preset values?
Turbo: A type for really short term binary options. Expiry times provided by the vendor are 30 seconds, 45 seconds and 5 minutes for this type of trading.
Option888 offers only a standard account which requires a minimum deposit of $250. There is a 100% welcome bonus of up to 888EUR (or USD, GBP, SEK, DKK, NOK). You can fund and withdraw from your account using wire transfer, paysafecard, SOFORT, Skrill, MasterCard, Visa, and iDEAL.
If you are still having second thoughts about which app will be best for your business it might be a sensible idea to take a look at each service’s social metrics. Such metrics are frequently a way to see how popular every product is and how large is its online presence. For instance Nadex Twitter profile has currently 7818 followers. At the same time Option888 Twitter is followed by 0 people.
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