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Binary Options Brokers

Since 2008 a lot of binary brokers have emerged. The list of binary options brokers now count more than 130 binary brokers in many different jurisdictions around the globe. When you begin trading options online it is impossible for you to find the best and most secure binary brokers. We have compiled a list of the best brokers for people in New Zealand to trade with. Common for all of them is that they provide English support and all live out to our requirements in regards to support, fairness, banking and safety. It is important for us that deposits and withdrawals are handled in a swift manner with no unnecessary delays and obstacles.

  • Broker Name
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  • Binary Broker Reviews
*Amount will be credited to account in case of successful investment

We test and review all brokers before getting listed on our site. We due proper due diligence to assure that our customers will get a good service and fair treatment. Generally speaking most binary options brokers are all respectable but till we have tested a broker we do not suggest signing up with a broker since we don’t want you to risk not getting paid in case you make a nice profit.

The minimal deposit is usually between $100 and $500. If you are a new trader its a good idea to pick a broker where you can get a demo account. The demo allows you to trade with monopoly money before starting trading for real money. This way you get to understand what trading options is about and you get familiar with the software.

We wish you best of luck and hope you fill find a broker that suits your needs.

Since there are countless binary options brokers that now operate online, it is important to go through the binary options broker reviews that we have prepared. The brokers sections clearly specify who are the top rated and the most reliable brokers on the Internet. We ensure that we have thoroughly analyzed the brokers that appear in the whitelist. Moreover, we offer constant support for those who have encountered difficulties while dealing with our associates.
At present, the Internet is full of negative reviews on brokers that come mainly from traders who are upset because they have lost money while trading. It is important to understand that trading will always involve a certain level of risk and losing money is a possibility. The reviews written by resentful traders are not at all practical, because they can undermine a fair and trustworthy broker.
Most frequently, these unfavorable reviews are written either by rivals or by persons that are displeased as a result of having lost their money. As opposed to the reviews typically found online, the reviews that appear on our website are not biased. We have always maintained our integrity in the fight against scams, so we only mention deceitful brokers after intense investigations. Reading binary options broker reviews before actually trading with a broker is very important and the main arguments are resumed as follows:

  • Learning about the existence of special bonuses and Gold accounts
  • Discovering the assets that are available for trading. The truth is that not all online trading platforms offer the same assets. While some brokers offer a wide selection of assets, others have fewer.
  • Beginners can find out if the online trading platform offers valuable customer support. Generally, beginners have to face multiple issues and often need assistance and therefore need constant access to a customer support service.
  • Determining how the platform works. The difficulty lies in the fact that some online platforms can be quite confusing to a first-time user. Consequently, it is necessary to explore the platform to see if it is easy to work with before making a final choice.

Our website assesses brokers and offers advice. We only list brokers that are reliable and safe to trade with. Trough our black list we point out the brokers that are involved in fraudulent practices. Equally important is the fact that we are different from other websites that provide subjective reviews. Finding a reliable broker will help the trader save time and financial resources and those who do not do some research on the brokers can often end up losing their money to scams.
On the internet there are over 300 binary options brokers that try to convince traders to use their platform. As a result, t is hard for the trader to know where is the best service. Fair Binary Options has developed a singular rating system that evaluates brokers based on the categories that the readers are interested in. This will help determine the characteristics that a broker should have in order to be considered appropriate.
There are numerous classifications of which we can mention: best broker in general, quick payout, monitored, highest bonus, quality customer support fast compensation. Within each division the website lists the top-ranking broker, while the others are classified according to several FBO indicators of standard quality. The brokers that do not meet the requirements are not listed.

How to Select a Binary Options Broker?

Binary options trading is impossible without having a proper binary broker. The binary broker is a company that provides binary options trading via platform created specifically for binary options trading. The market is over flooded by brokers, so traders often experience difficulties when it comes to selecting the right broker.

Before making a deposit, traders should read as many reviews as possible in order to get the right picture about the state of the market. It is always advised to examine all aspects of a broker, and not just bonuses, payouts or other alluring features. Keep in mind that top brokers are the ones that usually have regulated status, and have amazing platforms and offers a variety of options types to select from.

Experts and traders are often evaluating brokers the different way. Traders are always more oriented towards brokers who promise high returns, but experts also take other factors into consideration. Reliable brokers provide safety of your funds, easy money transactions, reasonable profit rates and good customer service.

Brokers who sound too good to be true probably aren’t the best solution, so keep in mind other aspects of trading as well, before making the initial deposit.

Traders who do a proper research often find out how there are certain terms that are used all the time. Trading terminology may seem complicated, but investors who decide to put a little effort into it can make better decisions.

Binary Broker Terms and Conditions

T&CTerms and conditions are frequently overlooked, but keep in mind that they are sort of contract you are obliged to follow once clicked ‘Accept’. Nowadays, internet users are constantly accepting T&C on various websites, but when it comes to binary options trading, they should read them carefully.

Terms and conditions usually provide deeper insight into some aspects of trading (like bonuses and withdrawing). In case a trader doesn’t understand the terms completely it is best to contact the customer support, that will provide additional information. Brokers from the Top list on FBO all have great and easy to understand T&C.

Terms and conditions usually provide deeper insight into some aspects of trading (like bonuses and withdrawing). In case a trader doesn’t understand the terms completely it is best to contact the customer support, that will provide additional information. Brokers from the Top list on FBO all have great and easy to understand T&C.

Most modern brokers have different account types that are meant to be used by different types of traders. The most expensive ones are usually created with experts in mind while cheaper ones are ideal for beginners. Of course, more expensive accounts have more benefits attached to it. The type of account is determined by the minimum deposit – the minimum sum you must invest in the very beginning in order to start trading.

In order to attract more clients, brokers often use bonuses. The bonus is considered to be determined the amount of money provided by the broker that can be used for trading, but can be withdrawn after the requested turnover has been reached (in most cases). Keep in mind that there are brokers who use bonuses only to scam traders and prevent them from withdrawing their funds that are not considered a bonus. Always read T&C before accepting any promotional offer.

Keep in mind that there are brokers who use bonuses only to scam traders and prevent them from withdrawing their funds that are not considered a bonus. Always read T&C before accepting any promotional offer.

Customer Service and Proper Education

The nature of binary options trading may seem simple, but traders who want to be profitable must take all necessary factors into concern. This can be done only by proper education. Many traders still believe that advanced university courses and business schools are the only way to go, but that is not true. Brokers that are worth your attention also offer free education in the form of videos, e-books, webinars etc.

Another aspect that is important when it comes to choosing a broker is customer service. Customer service must be reliable and friendly as traders need them to provide additional information, data, help them with withdrawals, depositing, or simply everyday problems like when they can’t log into their accounts. All customer supports are friendly when things are going fine, but traders must find customer support that is professional even when things go wrong. Make sure to find a broker that provides customer support in a language you understand and the way you like it (skype, live chat, phone, email).

All customer supports are friendly when things are going fine, but traders must find customer support that is professional even when things go wrong. Make sure to find a broker that provides customer support in a language you understand and the way you like it (skype, live chat, phone, email).

Binary Broker Demo Account

Many traders neglect the importance of demo account. Demo account is an account with virtual money that provides great insight not only into the broker’s platform but also into the binary trading in general. Trading with demo account carries no real risk (as the money is not real), so it helps traders to learn not only how to do a proper analysis, but also how to use all tools available to making a real investment. Demo accounts are a great opportunity and should be used no matter the experience: beginners can improve their skills, and experienced traders can get familiar with the new platform.

Trading with demo account carries no real risk (as the money is not real), so it helps traders to learn not only how to do a proper analysis, but also how to use all tools available to making a real investment. Demo accounts are a great opportunity and should be used no matter the experience: beginners can improve their skills, and experienced traders can get familiar with the new platform.

Demo accounts are a great opportunity and should be used no matter the experience: beginners can improve their skills, and experienced traders can get familiar with the new platform.

Binary Broker Banking Methods

currencyBanking methods are methods that are used for financial transactions with the brokers. Two transactions that take place are depositing and withdrawing. Deposit is the amount invested in order to start trading or fund the account. Withdrawal is the amount of the profit that can be transferred to bank account belonging to trader. Most brokers have some limits regarding minimum deposit and minimum withdrawal.

Withdrawal is the amount of the profit that can be transferred to bank account belonging to trader. Most brokers have some limits regarding minimum deposit and minimum withdrawal.

Top brokers always provide a variety of methods for depositing and withdrawing. They include credit cards, bank wire, and many e-wallets. Some methods are fast, easy and convenient, like e-wallets, while others usually include fees and take more time (bank wire), and every trader must make their choice while learning about the broker.

When it comes to withdrawing, many traders are surprised that they must verify their identity, and sometimes think that broker is a scam. It is of crucial value to know that this verification is a positive action that prevents others from withdrawing money from the account. The person making the deposit, and withdrawing must be the same. The required documents are usually ID or driver’s license, and some utility bills.

Make sure to prepare scans in advance to make withdrawal even faster. It was already mentioned how bonuses usually have special T&C regarding withdrawals. In most cases the required turnover is somewhere around x30.

The person making the deposit, and withdrawing must be the same. The required documents are usually ID or driver’s license, and some utility bills. Make sure to prepare scans in advance to make withdrawal even faster. It was already mentioned how bonuses usually have special T&C regarding withdrawals. In most cases the required turnover is somewhere around x30.

TechFinancials Brokers

TechFinancials was considered, together with SpotOption, a leading online trading platform. The brokers that use this company’s software have experience not only in the operational field of binary options, but also in Forex and CFDs. This platform offers brokers the highest standards of quality and various assets, among which advanced technologies, scalability and reliability are the most relevant. Even if their features are quite complex, they are presented through a simple interface, extremely easy to use. In addition to this, in order to be up to date with the latest technological trends, TechFinancials brokers can now deliver mobile apps, since the platform is accessible from different gadgets, including mobile phones or tablets. Furthermore, the mobile application is very well designed, and some brokers even use personalized versions, because these are visually more similar to their brand guidelines. Although the underlying software is the same, the appearance has been changed a bit, in order to become more responsive and suitable to various devices.

Since it is well-designed and consists in various tools, the interface does not look like a small plug-in window and it can take up to the whole web page. Beginners will find this platform extremely useful, while professional traders will take their experience to a whole new level, since they will have complete control of all the operations, in a single interface. This platform represents the ideal choice for all those who want to increase their profits and enjoy efficient trading.

The interface offered by TechFinancials consists in a large graph, additional analysis tools, a list of binary options on the left and an open positions tab, on the bottom. All the features are easy to use and also web-based, so that the trader can be sure that the performance of the platform is not influenced by the capabilities of the device they use, be it mobile phone, tablet or personal computer. The interface is displayed on the browser, but most of the calculations are done by the server and only the results are shown on the clients’ computers. Besides being easy to use, TechFinancials is also known for its precision, since it only uses accurate data, from reputable sources such as ThomsonReuters. For this reason, the pricing data is always correct and traders operate in a professional and reliable trading environment.

In addition to the environment, the brokers using TechFinancials software have also access to back office management, marketing strategies and tracking functionality, CSM, payment solutions and risk management. Traders should not be worried about data breach, hiccups or bugs, because all their commands will be executed on the web, by the interface itself.

Spot Option Brokers

Considering the growing popularity of binary options trading, more and more brokers are entering the market every day. All these brokers need stable and powerful binary options platform providers, essentially large technology companies with the necessary infrastructure to support the needs of brokers and traders from all over the world. One of the largest platform providers is SpotOption, a major player on this market, with numerous brokers running on their software. This provider offers a generic theme and underlying technology that work very well, which is why so many brokers choose to use its services.

The SpotOption solutions involve a wide range of front and back office management tools that make everything run smoothly. This is what helps brokers to set up a trading service easier and offer their clients everything they need to have a successful trading experience. Even though most traders will not find this information very relevant for their needs, the fact is that platforms such as SpotOption can make or break the user experience with any broker. From the sign up and login features to the control panel, banking system and any trading tools one might need, SpotOption is the one that provides everything and when these do not work properly, the traders are the ones who have the unpleasant experience.

SpotOption worked with over 180 brands in the industry and many of the top binary options brokers have chosen it as their main provider. By offering them reliable services, brokers can focus their energy on trading and liquidity management. This way, SpotOption can handle the technical part of the trading process, while the brokers who use its platform can reach their goals successfully, without worrying about the technical aspects.

One of the easiest ways for traders to recognize the SpotOption brokers is through the trading interface design where the price indicator has the color green and the entire interface is in transparent colors. The only exceptions from this are the actual buttons and the more important information that are designed in a brighter color to increase visibility. Also, the SpotOption brokers frequently offer the Traders Choice indicator for traders to see the direction the other traders are taking.

The interface is designed to enable traders reacting to small changes in the price indicators. It enables them to take advantage of every good potential trade they see on the market. The Put and Call buttons are made very large to avoid any confusion and allow users to trade with ease.

Regulated Binary Brokers

Since the quality of service is the main criterion, we cannot claim that regulated brokers are always better than unregulated ones, because each provides different services and the quality standards vary. We have seen regulated brokers that have been scams, and unregulated that have proven to consistently deliver good experience.

In spite of the fact that traders have reported unpleasant experience with both types, most of them prefer to trade with a regulated broker, since it makes them feel confident that their funds are safer. This is due to the fact that they are authorized by a governmental institution, signalling clients that they are choosing a good and reputable platform. Traders can rest assured that their money is on good hands and their personal data is safe, but remember that there is a wide range of options and each broker or platform has its own features. Quality varies even when it comes to authorized brokers, which is why all the criteria should be evaluated before making the final choice.

Binary Options Regulated Brokers

The main benefit that regulated brokers offer is the minimum transparency and structured operating procedures in cases of complaints. They have a clear set of data on risks, strict conditions related to provisions, and they also have some limitations when it comes to countries from which they accept customers. In addition to this, when it comes to disclosure, regulated binary brokers are extremely careful, because there are many newcomers in the binary options industry, who may not be able to use all the information they receive to make a sustainable decision. This is why it is important for brokers to have clear procedures and rules regarding information they are obliged to explain to their customers.

Traders often cannot see the risks and do not understand how important proper education is before starting to trade binary options. They also mostly do not read Terms and Conditions. Besides beginners, whose experience can be safer if they trade with a regulated broker, experienced traders also prefer this alternative, due to the fact that they invest a lot of money. For this reason, they feel safer knowing that the broker is supervised by a governmental institution, because this means they will guarantee certain standards of quality. Even if the competition among brokers is fierce, another advantage of the regulated binary brokers is that they often take part in an investor compensation fund that covers part of the traders’ claims, in case of bankruptcy.fma_logo

Binary brokers who are licensed by FMA, know that getting a license is only the beginning. This authority is regularly supervising all brokers and their actions, creating new laws and regulations in order to protect the citizens from any misinterpretations of laws or requirements, and brokers must always be ready to upgrade their service, or adjust it to the new regulations.

It could be said that FMA is oriented on two goals: providing transparency of the market and protection of customers. Unlike many European regulatory bodies that seem to be slow and inert, FMA is much more dynamic and consumer oriented. All restrictions are made with citizens in mind, but at the same time, there are enough possibilities left for potential traders to diversify their portfolios and have a good selection of investing opportunities.

New Zealand has special requirements when it comes to licensing. All brokers must file a request with Financial Service Provider Register, and first such request was accepted in 2010. This office is in charge of keeping all the records of companies that provide any type of financial service on the New Zealand Territory. It is not specialized in binary brokers, but yet allows customers to take a peek and see whether their broker is regulated or not and is he recommended. Of course, the decision is always done by the user, but such information can direct them in the right way.

Unregulated Binary Options Brokers

With news of scams in the industry on the rise in recent years,  traders are reluctant to invest their money with only the most secure brokers that come highly recommended, and with good reason.

Being regulated indicates a high level of quality since brokers are required to comply with strict standards imposed by financial regulatory bodies and national watchdogs

Regulation varies with different countries. The leading financial services regulator within the EU is CySEC while the national watchdog for New Zealand is currently the Financial Markets Authority. These authorities were set up with the aim of safeguarding the interests of customers and regularly publish information on unregulated brokers.

Of course, this is no iron-clad guarantee that nothing will go wrong when trading binary options. However, traders will be ‘insured’ and protected by these authorities and have more of a chance improving the situation, in the event that problems do arise.

Learn more about binary options regulation across the world.

Are Unregulated Binary Options Brokers Unsafe?

Unregulated brokers are not all necessarily bad; it’s just that they are operating without a valid license.

Think of it like this: you wouldn’t think of jumping into a cab with a driver without a driving license, putting your life at unnecessary risk. Where possible, you would almost certainly go for a cab driven by a fully licensed driver; the same goes for your hard-earned savings.

With a community of over 7000 traders from all corners of the world (and counting), we have received many emails from our readers with complaints about unregulated brokers.

Unregulated brokers are notorious in the industry for unethical business practices and unprofessional behavior. Traders oftentimes get drawn in by flashy marketing schemes and grand promises, before realizing that they were victims of these brokers.

Blacklisted Brokers

We are mostly concerned with the fact that many people are truly ignorant of the practices of these so-called con artists and this is what has caused this present dispute. The name of the site also testifies to the fact that we firmly believe in respecting the ethics code. We strongly make it our duty to restore the credibility in financial experts and this is why we reveal to the readers the brokers that have made the blacklist.

The complaints of customers regarding these brokers referred to obscure practices like impossibility to withdraw funds.

What is of more concern is the fact that these Blacklisted brokers still continue to operate in the industry regardless of the publication of list. We know perfectly well what they are capable of and this is why we advise traders to research as much as possible so as to avoid issues with funds withdrawal. Our mission is to identify the reliable binary brokers from those who are not so by publishing regular reviews of their services.

Generally speaking, the reviews that are presented to clients over the Internet do not always reflect the reality and many of them do not always judge correctly a broker owing to the fact that they tend to be subjective. The reason for which so many people blindly trust brokers while trading is that they do not have the necessary knowledge to allow them to understand the market.

It is not at all hard to believe that we encountered many unpleasant experiences with frauds that prevented people from accessing the funds on their trading accounts. Readers should pay attention to the fact that all bonuses are accompanied by certain requirements, which is why they should not be rushed into accepting bonuses since it means accepting terms and conditions that come with it. Although it does take some time for the bank to process the transaction, you should start worrying if the broker comes up with excuses after more than 10 days have passed and the money is not there.

The biggest mistake that the trader can make is not attentively read the Terms & Conditions section from the agreement that is posted on the site of the broker. This ultimately leads to difficulties regarding the cash-out if the T&Cs are unfair. However, clients do have the possibility of protecting themselves from deceitful assertion by educating themselves on the topic and not get fooled by the explanations provided in order to justify the refusal to allow access to the profits.

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