Binary Options | Broker | Trading Review
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Where to Find a Binary Options Broker
There are a few to find a binary options broker including: EZTrader.com and StartOptions. Both have advantages and disadvantages but they essentially do the same thing - allow people to trade binary options using a small amount of cash.
** Update** Be sure to also check out Optionbit, a new entrant in the retail binary options broker business.
We've also taken the time to do an in-depth review of other binary options brokers such as AnyOption and TradersRoom as well.
See a side by side comparison of binary options securities traded.
Contents at a Glance
Binary Option Broker Overview: EZTrader
An Overview of Binary Options Broker EZTrader
Before I go any further, I should say right off the bat I am compensated for referrals to binary option broker EZTrader. Make of that what you will but I will say this: I get referrals because people like what EZTrader offers, not because of any smoke I blow where the sun don't shine.
Here's what is to like about using the EZTrader platform:
- EZTrader frequently offers bonus cash on new deposits (not only on new accounts)
- allows newbies to trade with EZTrader money before committing their own capital
- Traders can buy in again and get more EZTrader money to start
- The bonus cash ultimately becomes yours
- Trades are "fire and forget" - hit the execute button and go get some coffee
- Yields vary between 60%-75%
- Binary option contracts expire either hourly or at the end of the day
- Binary option contracts are for fixed dollar amounts
- Some contracts offer some return of capital even when out of the money
- The EZtrader interface is ridiculously simple to use
Honestly - the biggest difference between EZTrader and Tradesmarter is the bonus cash.
What do I mean?
Consider that Tradesmarter is doing a holiday offering of $100 bonus cash on a new account, whereas typically EZTrader bonus cash weekly offers range from $150 to $300 on a new deposit. Huge difference. Huge.
Binary Option Broker Overview: Tradesmarter
An Overview of Binary Options Broker Tradesmarter / StartOptions
Before I go any further, I am compensated for referrals to binary option broker StartOptions (now TradeSmarter - an Australian regulated binary options broker). Make of that what you will. Recent changes to their trading platform have made this portion of the comparison obsolete. See our NEW review of binary options broker StartOptions.
Here's what is to like about using the StartOptions platform:
- StartOptions offers a variety of "pre-canned" trading positions
- allows a wider variety of set positions
- Double no-touch, Single no-touch, Straight Binary (or Digital Options)
- Trades are "fire and forget" - hit the execute button and go get some coffee
- Yields vary around 70%
- Binary option contracts expire either hourly or at the end of the day
- Binary option contracts are for fixed dollar amounts
- Simple interface
- StartOptions offers a demo account
- Allows users to learn interface while using "play money"
- StartOptions parent Tradesmarter is Australian Securities industry regulated
- Limited number of securities traded
- At last look six cross pairs
- seven US securities
- three metals
- ZERO foreign securities
- ZERO Indexes (DJIA, Nasdaq, etc.)
- StartOptions has a Demo Video which is a cartoon that demonstrates NOTHING (since pulled down)
- Smaller bonus cash
StartOptions now offers a nice selection of foreign securities including some Chinese stock options you'll find nowhere else - but be forewarned - they do NOT accept US Residents as clients.
Binary Options Broker
Reviews of Major Binary Options Brokers
Numerous binary options brokers have sprung up in the last twelve months and it has taken us a little time to catch up with all of them however suffice to say we finally think we have a pretty good grasp on the binary options broker industry. Click on any of the links below to read our in depth reviews of each broker working in the binary options space... and no, they are NOT all the same.
- Binary Options Broker Optionbit
- Binary options broker Optionbit is a highly innovative broker offering range options and one-touch/no-touch options in addition to vanilla binary options.
- Binary Options Broker AnyOption
- Binary options broker AnyOption has the best selection of foreign indexes and commodities...
- Binary Options Broker optionFair
- optionFair is an extremely innovative broker offering NON-US Residents a great variety of options contracts including no-touch/one-touch, bounded/range options, and high yielding weekly options (400% yield!).
- Binary Options Broker Tradesmarter
- Binary options broker Tradesmarter has grown by leaps and bounds in the last year, including new Asian/Chinese stock offerings... Note: NO US residents... Australian securities industy regulated.
- Binary Options Broker TradersRoom
- TradersRoom is a binary options broker offering yields typical of the industry - a.k.a. around 70% on in the money trades. US, UK, CAN, and Singapore residents only please...
- Binary Options Broker GlobalOption
- GlobalOption has limited offerings at this time but we will continue to monitor their growth over time...
- Binary Options Broker EZTrader
- EZTrader is an online binary options broker. They offer fire and forget digital binaries on a pretty wide variety of securities, indexes, and foreign securities...
Binary Option Trading, Tips, and Strategies
External Links
Here are a couple of resources you may find useful in learning about binary options and how to use them to increase the profitability of your trading efforts.
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Binary Options
A Binary Options as Described in Layman's Terms
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Trading Binary Options
Tips, Strategies, and Scenarios Using Binary Options
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Margin Trading Examples
Great examples of learning how margin is used.
Binary Options Brokers
Reviews and Tips on Binary Options Trading
Read our reviews of all the various binary options broker companies at http://binary-option-broker.com
You can also subscribe to our free binary options email newsletter for updates via email as we post them. It's free!
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Option Trading Reference Materials
Courtesy of Amazon.com
It is only wise to learn as much about option trading, and specifically binary option trading as much as possible. Here are some resources you may want to pick up for a few bucks before you plunge $1000s into the options market. Caveat emptor!
Binary Options Trading Strategies
Binary Options Trading Tips and Market Insights
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My goal is to use binary options trading to make $300 a day options trading. You can too with a binary options trading account. Suffice to say that binary... more »
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