Traders Union analysts have extensively researched binary options brokers and updated their ranking for 2023. They looked at different characteristics of a brokerage house to determine which one is the best for traders to use – regulation, trading conditions, expiration times, bonuses, binary trading platform, etc.
Top 5 best binary options brokers for 2023: Updated list
According to Traders Union analysts, the top 5 best binary options brokers for 2023 are:
- Pocket Option
The minimum deposit to trade with Pocket Option is $5, and the broker offers a binary trading platform that generates passive income. - QUOTEX
Trading with QUOTEX in 2023 requires a minimum amount of $10. There are no trading or account fees. Moreover, Quotex offers one of the best binary trading platforms. - IQcent
While the minimum deposit for trading with IQcent is slightly higher ($20 on a Bronze account), the brokerage house offers access to more than 100 financial instruments to trade. - Binarium
Binarium is one of the binary options brokers that offer a copy trading service. Moreover, the brokerage house has no hidden fees. - com
Traders Union analysts say Binary.com was the best binary options broker in 2022. This year, it reached 5th place as a regulated broker with extensive experience.
Best binary options brokers by Traders Union: Full list
The Best Binary Options Brokers in 2023, according to Traders Union, are:
- Pocket Option
- QUOTEX
- IQcent
- Binarium
- com
- CloseOption
- Intrade Bar
- VideForex
- ExpertOption
- BinbotPro
- Raceoption
What is binary options trading?
When trading binary options, traders can buy a call or a put option. To make a profit, the option must expire in the money at the expiration date. For a call option, the price at expiration must exceed the price when the option was bought. For a put option, the price at expiration must be lower than the price paid for the option.
Binary options trading is becoming more and more popular among retail traders. Upon studying a market, either using technical or fundamental analysis, traders bet on its future direction. By buying a call option, traders bet that the underlying asset’s price will increase. On the contrary, by buying a put option, traders bet the market will decline. An option can only be bought.
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