Welcome To Top Option Broker
A place for traders to find accurate, up to date information about the top binary option brokers. Here at TopOptionBroker.com, a binary options trader can see who is really the top binary options broker.
Here you will see how to distinguish between a new broker and an established broker. Deciding which brokers make up the list of top binary options brokers is a difficult task for all new traders. There are more than 250 binary options brokers. There are many factors a trader must consider before choosing a broker.
Binary option brokers are divided into two categories; Licensed and Unlicensed. Regulated and Not Regulated. The top binary option brokers for a trader in London are different than the top broker for a trader from Chicago or Tokyo.
Traders outside the United States have many choices when choosing a broker. Due to regulations in the United States, there are few brokers of binary options that will allow traders living in the United States.
Who Are The Top Binary Option Brokers?
A top binary option broker is usually regulated by the financial regulator in the country they are based. Most of the top binary option brokers are based in Cyprus. They are regulated the Cyprus Securities and Exchange Commission, aka CySEC. CySEC was the first financial regulator in the EU to regulate binary option brokers. The EU law called MiFID allows a financial firm regulated in one country, to do business and provide services in other EU countries.
Although there are over 250 brokers worldwide, less than 20 brokers are licensed and regulated by CySEC. Recently, unlicensed brokers have made mention to CySEC regulation of binary options on their websites, however they are not licensed brokers.
It is incumbent upon traders to verify the broker they choose is actually a licensed broker, and that the brokers license in still valid.
View the Top Regulated Binary Option Brokers
How to Compare Binary Option Brokers?
Here are five items that every trader should review when comparing a binary option broker.
- Are They a Licensed or Unlicensed Broker?
- Which Trading Platform Are They Using?
- What is the Minimum Deposit to Open an Account?
- What are the Term of Their Bonus Offers?
- Do They Have Any Unique Assets or Service?
When a trader has the answer to those five questions, it is easy to make an educated decision about which broker is the best. Read more about comparing brokers.