Traders Union New Binary Options Brokers Ranking for 2023 | NewsBTC

Traders Union analysts have extensively researched binary options brokers and updated their ranking for 2023. They looked at different characteristics of a brokerage house to determine which one is the best for traders to use – regulation, trading conditions, expiration times, bonuses, binary trading platform, etc.

Top 5 best binary options brokers for 2023: Updated list

According to Traders Union analysts, the top 5 best binary options brokers for 2023 are:

• Pocket Option
  The minimum deposit to trade with Pocket Option is $5, and the broker offers a binary trading platform that generates passive income.
• QUOTEX
  Trading with QUOTEX in 2023 requires a minimum amount of $10. There are no trading or account fees. Moreover, Quotex offers one of the best binary trading platforms.
• IQcent
  While the minimum deposit for trading with IQcent is slightly higher ($20 on a Bronze account), the brokerage house offers access to more than 100 financial instruments to trade.
• Binarium
  Binarium is one of the binary options brokers that offer a copy trading service. Moreover, the brokerage house has no hidden fees.
• com
  Traders Union analysts say Binary.com was the best binary options broker in 2022. This year, it reached 5^th place as a regulated broker with extensive experience.

Best binary options brokers by Traders Union: Full list

The Best Binary Options Brokers in 2023, according to Traders Union, are:

• Pocket Option
• QUOTEX
• IQcent
• Binarium
• com
• CloseOption
• Intrade Bar
• VideForex
• ExpertOption
• BinbotPro
• Raceoption

What is binary options trading?

When trading binary options, traders can buy a call or a put option. To make a profit, the option must expire in the money at the expiration date. For a call option, the price at expiration must exceed the price when the option was bought. For a put option, the price at expiration must be lower than the price paid for the option.

Binary options trading is becoming more and more popular among retail traders. Upon studying a market, either using technical or fundamental analysis, traders bet on its future direction. By buying a call option, traders bet that the underlying asset’s price will increase. On the contrary, by buying a put option, traders bet the market will decline. An option can only be bought.

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