Choosing the right binary option trading srevice for your business is not that easy with too much functions, options, and offers to take note of. But, using our review platform will allow you to simplify the selection process by displaying all key providers in a single location.
For instance, you can match Option888 and Nadex for their tools and overall scores, namely, 7.5 and 9.0, respectively. Similarly, you can see which provider has superior general user satisfaction rating: 100% (Option888) and 98% (Nadex) to learn which service is the better choice. Don’t just start using the platform with the most attractive minimum deposit, but the solution that offers the best value.
In case you you want to quickly identify the more reliable Binary Options Brokers according to our review team we advise you examine the following products: GTOptions, IQ Option, Nadex.
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.
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 shouldn’t expect only a broad range of features and adjustable pricing from a popular Binary Options Brokers. Almost as important as core features is a quality customer support. You want to make sure that when you have any questions about Option888 or Nadex, or you struggle with some problems, or perhaps you’ll want to request a certain update or functionality beneficial to your company you can count on a responsive and helpful customer support. Check out if services such as phone support, tickets or live chat are provided. It’s also a big plus if you can benefit from individual training or at least a knowledge base you can use.
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