Binary options, as a tradeable financial product, are considered high risk. This is the main reason why if you want to start trading them you should do it on the best possible platform for binary options. Luckily there are many options from which you can choose and in which you can use MT2Trading to automate your operations. In this article we bring you the best brokers to trade binary options according to their characteristics.
Before starting with the list of the most recommended brokers to trade binary options, we will explain how to know that a broker is reliable. This is necessary, especially if for some reason, one of the brokers we list here is not available in your country. Let’s get started.
How do you know if a binary options broker is reliable?
Every time you try a new broker, the first thing you should do is go to their website footer, and look for the information on its regulation; This is extremely important, because your money must be backed by a competent regulatory body. Otherwise, you will be in danger of being scammed. Regulated binary options brokers are much safer and backed by pretty strong security agencies.
Every reliable broker should be able to offer you a free demo account, where you can practice before you start using the main account. In this way you will be able to familiarize yourself with the platform you use and you will be able to make sure that it actually works correctly.
Check the fees and commissions and make sure they are not overcharging you. Brokers, no matter what market they operate in, charge a small commission and a spread at most. If a broker charges you for depositing money, withdrawing it or using a risk management tool, among others, then discard it. Look for a variety of underlying assets, the more you have the more you can diversify your investments.
A good binary options broker usually offers several trading platforms. You can use your own platform, based on WebTrader or MetaTrader 4 or 5 for most European and American countries and cTrader in the UK.
Check in forums and find out everything you can about customer service: if it is available in your country, the different means of contact and, in general, the opinions of other users about it.
Finally, you should check what is the encryption technology used to protect the contact data.
What are the best brokers for binary options and which ones can you use MT2Trading on?
Below you’ll find the best binary options brokers to automate your trading through MT2Trading, meaning all of these brokers allow automation via MT2. As a clarification, this article is not in order, meaning the platforms for binary options that we list below are not ordered from best to worst, each one can have advantages for certain traders and disadvantages for others. Choose the one that you think is the most convenient for you.
IQ Option ~
Of the brokers compatible with MT2Trading, IQ Option is without a doubt the most popular of all; This broker is regulated by CySec: the commission that regulates financial services in Cyprus and is binding on the entire European Union.
It is also an extremely safe and reliable broker, since your money will be in a different bank account than the company itself, and it cannot be used in any way by them. You can trade in different markets, including, of course, binary options. It has also been the winner of various awards in various categories, including the best platform for binary options.
IQ Option was founded in 2013 in Cyprus, and since then it has become one of the best known binary options brokers among the binary options trading community, mainly due to its low prices, it has become one of the main options of trading worldwide.
In addition, it has a very active trading community, forums where you can comment and meet other people who, like you, are passionate about online investments. You can follow those investors, as well as the so-called “investment trends” a way of knowing where the market is moving at that moment.
Binary.com (deriv.com) ~
Binary.com is a broker that specializes in binary options on different types of underlying assets. Like IQ Option, it is compatible with MT2Trading and, as it is possible to operate in it from a VPS, you can configure a virtual machine that operates for you using the robot, without the need to have your own PC turned on.
It is regulated by the FSA (Financial Service Authority) of Malta and, like IQ Option, has been the winner of several awards for binary options brokers. An advantage it has over the previous one is the number of means of payment it has, including AirTM, PaySafeCard, Skrill and Neteller.
You can open a demo account with virtual money, with a balance of $ 10,000 that you can use to practice before opening a real account. This second type of account, as you can imagine, can only be managed if you deposit real money, for which you can use fiat money and / or cryptocurrencies.
Binary.com specializes in binary options, but is also capable of supporting Forex, Cryptocurrency, CFD’s, metal, and retroactive trading. In addition, you can choose from more than 2000 financial instruments to trade.
This broker is a multi-award winning one, holding a large number of certificates received in 2012, 2015, 2016, 2017, 2018 and 2019 by important investment magazines. It was founded in 1999 under the name Regent Markets and its name was changed several times during the first decade of the 2000s. However, in 2013, the then known as BeOnMarkets.com would change its name to Binary.com, as it is known today.
Spectre.ai sells itself not as a broker itself, but as a new crowdsourcing technology, where you can trade directly against Spectre’s liquidity’s pool and where you don’t even need to make a first deposit to start trading. That is, it has powerful sources of liquidity, so once you have your account created you will have a fund with which you can start operating.
This allows even very first-time traders with little capital to trade binary options within Spectre. Something that should also be noted is that you can withdraw your money through large number of payment methods, from MasterCard to wallets like Uphold, and you can deposit both in Fiat and in cryptocurrencies.
For Muslims there is a Sharia mode in which you can operate without commissions if you wish, and it is available to any user, not just those who have Muslim beliefs. Spectre also allows trading in Smart Contracts and CFDs apart from binary options.
The broker is based in the St. Vincent and The Grenadines under the name of Spectre Trading Limited and its main operation is through a blockchain structure that is not limited to operations with cryptocurrencies, but to basically all operations that you can perform at operate on this platform. It was founded in 2018 and since then it has not stopped gaining relevance in the world of binary options trading.
Alpari Fixed Contracts ~
As the previously mentioned brokers, Alpari is one of the best brokers to trade binary options that exist in the market and it is compatible with MT2Trading. The broker is an active member of The Financial Commission, an international body that is responsible for resolving disputes within the financial market.
You can trade a wide variety of financial instruments in different investment modalities apart from binary ones. Alpari is also known as an excellent CFD and Forex broker. It has 16 different means of deposit, so it will most likely be easy for you to operate from your country.
Alpari International was founded in 1998 and since then it has brought a lot of innovation to the market and has taken the best of its competition to build a much stronger platform.
At Alpari you can participate in contests with excellent prizes, in which the performance of your operations is rewarded. These types of contests are organized from time to time and generally consist of trading a certain number of times at least or reaching a base yield, and then continuing to accumulate points until being the best trader among the contestants.
InstaBinary is an Asian broker regulated by the FSC (Financial Sector Commission) of St. Vincent and The Grenadines. It has been recognized as one of the best brokers to trade binary options in the Asian continent and presents different options to operate; a greater variety of financial instruments and many analysis tools, including a financial calendar.
You can trade automatically with a binary options robot like MT2 without problems, so you should not worry if you do not have much time to analyze the entire market.
This broker was founded in 2007 and slowly ended up becoming the largest broker in Asia, a benchmark throughout that continent as a way to do things well on an online trading platform. For Europe it is registered in St. Vincent and The Granadines and is regulated by the FSC of that country.
It has many options for traders, hundreds of programs, modalities, bonuses of all kinds and a large international community with which you can interact. The broker also offers contests in which you can win excellent prizes (as of the date this article is written, a contest to win a Ferrari car is active).
CLMForex, also known as Core Liquidity Markets, is a CFD’s and binary options broker in which you can trade on more than 100 different markets. CLM is MT2Trading compatible, has high execution speeds, low costs and no commissions, apart from live educational programs and support in many different languages. CML Forex is positioned as a strong competitor among the best brokers to trade binary options available in the market.
The broker has revolutionary technologies such as the ECN, leverage of up to 1: 500 spreads equal to 0.0, exclusive professional indicators, an excellent trading academy where you can train at your own pace and much more.
It accepts different means of payment for both deposits and withdrawals, such as bank transfer, VLoad, Neteller, Skrill and Bitcoin. Core Liquidity Markets is based in St Vincent and The Grenadines and, therefore, is regulated by the FSC of that country. It has 8 years of experience since its foundation in 2013.
Despite not being as well known in the Binary Options world, CLM is one of the best-rated brokers and uses technologies such as ECN that significantly reduce response times while reducing the phenomenon known as ‘slippage’, in which, when you close an operation at a point, the information that must travel long distances and be processed by a server can result in a modification of the final value at which said operation is definitively closed. This makes it a fairly accurate broker, with which you can get a lot out of MT2Trading.