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Since binary options were legalized by the SEC in 2008, many investors have looked into the opportunities it presents. The number of brokers is growing, making it challenging to zero in on the one that best fits your needs. So, to get you started on your search, we’ve compiled a list of the most often used brokers.

This article summarizes the five most widely used binary options platform in 2022-23. With any luck, you’ll be able to use the list to zero in on the ideal broker for your trading style and investing goals.

What Is the Most Popular Binary Options Broker of 2022?

IQ Option is by far the most well-known binary options broker. This binary options trading platform requires a minimum deposit of $10 and a minimum stake of $1. A $10,000 virtual currency is at your disposal to play with and gain a feel for the platform.

Best 5 Binary Options Trading Platforms

1.    IQ Option

Since its launch in 2012, IQ Option has consistently gotten high online marks from customers and reviewers. Trading software is developed in-house. Gains of up to 95% are possible. However, merchants from the United States, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria are not permitted to participate. CySEC’s oversight has helped IQOption Europe Ltd. earn a reputation as a trustworthy broker.

It offers a wide variety of web-based and mobile features that improve the openness, dependability, and efficacy of binary trading. For instance, it provides hourly binary options with 15-minute increments and a speed trading service with up to 5-minute increments

2.    Nadex

One of the most well-known venues for trading binary options is Nadex (North American Derivatives Exchange). Having the Commodity Futures Trading Commission overseeing it is a significant factor (CFTC).

Another benefit is that it simplifies and standardizes the trading process. This is because the trade structure and interface have been greatly simplified. Candlestick charts and a wide variety of technical indicators such as moving averages (MA), Bollinger Bands, and Stochastics are also available.

3.    65Trading

365Trading is a Cyprus-based company that is CySEC-approved. It opened for business in 2012 and operated freely across the European Union. Its primary focus is on binary options trading. At the time of writing, trades from the United States are not permitted.

Profits and bonuses can reach 85% and 100%, respectively, on a minimum deposit of $100. You can try their long- and short-term expiries by signing up for a free demo account.

The system was developed in-house, making it reliable and well-suited for seasoned traders. As a business analytics tool, it allows for examining trends over time through illustrative means, including bar charts, line graphs, and candlesticks.

4.    Ayrex

Ayrex is a UK-based firm with an application pending with the Cyprus Securities and Exchange Commission (CySEC). They specialize in binary options trading over 70 different assets. As of right now, American business people are not welcome.

Ayrex account users can receive a bonus of up to 10%, 20%, or 30% of their initial deposit, making it one of the few brokers that require such a small initial outlay.

5.    OptionFair

Established in 2010, OptionFair has called Cyprus home since its inception. It is the first binary options broker regulated by the CySEC and listed on the London Stock Exchange. American business people are not welcome. The broker offers 118 underlying assets for trading in forex, CFDs, and binary options.

The minimum to get in is $100, and the maximum return is 100%. There are no visible perks, but you can always ask the support team about the details. Although the expiration date is shorter than usual, it allows for profitable day trading.

Pocket Option Review 2022 Trading Platform

Our Pocketoptions review states that it is straightforward to use. The website-based service provides an excellent UI and user experience. In addition, they provide MetaTrader 5, a fantastic platform for technical analysis and automated trading.

The unique charting tools cover all the fundamentals, with line, candlestick, bar, and Heiken Ashi charts available. Additionally, you can choose the time range from 5 seconds to 1 day.

The Social Trading feature provided by Pocket Option allows users to mimic the actions of successful traders on the platform. The trader’s statistics and results become visible whenever you access the menu. You can communicate with the trader and view the maximum number of deals they’ve made and the number of individuals who have copied them. Transaction value, highest possible return, successful business ratio, and more.

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