Best UK Binary Options Brokers

If you want to get started trading binary options you'll need to find a good broker. Unfortunately that's not as easy as it sounds - not because there's a shortage of good brokers, but because different traders need diferent services and functionality, and what's good for one may not suit another.

Trading functions

You may want only basic binary options, or you may want more advanced trading to be supported. You should look at the number of assets that are offered; for instance Boss offers 100 different assets, and uBinary 75, but you'll also want to check that they include the assets you actually want to trade. Sterling/dollar, dollar/yen, and big stocks like Apple, Amazon or Google are usually there in the mix, but commodities aren't always supported.

Binary Options Brokers

You'll also want to check on the types of option that are offered, from the extreme short term of a 60 seconds option (it really does last 'Just a Minute') or 2 and 5 minute options to long term options from a week up to six months. The basic high/low (sometimes called above/below) options are offered by every broker, but more experienced traders should check to see if touch/no touch options (which pay out if a share price does or doesn't touch a certain level) or boundary options (which pay out if a share price remains within a particular range), or ladder options (which lock in profits at successive price levels) are offered. One of the most intriguing offers comes from uBinary, which allowed traders to choose their own expiry time, asset, and profit/loss ratio with its Option Builder product.

You'll also want to look at the payout ratio since that shows roughly how much profit you can make. Payout ratios range from 91% down to 80%, which is quite a significant variance.

Account types, support, and money transfers

The devil is the details and you will also want to check on the tiering of accounts, minimum deposits, and minimum investment amounts. At the same time you need to know how to get your money out. Withdrawal limits and fees are not uncommon.

Support also varies between options houses. Some offer loads of free education including webinars and free demo accounts which enable you to trade on paper before you commit your funds, as well as extensive information resources. Higher value traders may get personal account managers, which can help manage more advanced strategies.

Regulation

You should also check out how any broker you are considering is regulated. Some are regulated by the FCA (Financial Conduct Authority) which supervises all financial services companies based in the UK. Some EU based brokers are regulated by their home country authorities, for instance Boss Capital (Gibraltar) and 24Option (Cyprus). Others, like Finpari, operate as pure offshore brokers and are not regulated. You might still pick such a firm, but you won't get the benefit of certain consumer protections.

Picking the right trading house may not be easy but it's worth putting the work in. Behind every good trader is a good broker.

English

Related Articles

  • There are a host of online binary options brokers to choose from and naturally, each will offer its own set of unique benefits. One of the major...
  • Company Overview GToptions is an online trading platform with an emphasis on binary options trading. Commodities, stocks, indices and Forex can all...
  • Grand Capital 2-3 .Review, Platform Overview Grand Capital is an established Russian-based binary options broker, and they have a number of accounts...
  • Company Overview With FMTrader, traders can trade with stocks, indices and commodities. This trading platform focuses specifically on binary options...
  • Company Overview Established in 2008, EZTrader is one of the most recognised online binary options trading platforms. It is currently managed by WGM...
  • Company Overview The online broker CTOption offers binary options trading to traders in over 90 countries worldwide. It offers trading in dollars,...
  • Boss Capital Review : Company Overview Boss Capital provides an online trading platform for both new and experienced binary traders; it uses the...
  • Company Overview As its name signals, BinaryBook is an online broker that specialises in binary options trading. One thing that instantly makes...
  • Company Overview BDSwiss is a classic online broker that provides a platform for trading in various ways. CFD, Binary Options and Forex are all...
  • Company Overview Bloombex Options is an online broker that offers binary options trading capabilities as well as educational material about trading...

Featured Brokers

 
 

Risk Warning

 

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

About ForexTrading.Company

Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading, its key strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker reviews, features, and commentary. We list the world's top regulated and authorised brokers suitable for a global audience.

We aim to think global, act local with our website, so that whether you're in Asia, Europe or Africa you can gain from our content on the world's biggest market.

About Us & Contact