Africa and binary options platforms – review and compare

In December 2019, we compared the platform with the best brokers with regulatory binary options and made this top list. Personally review all brokers and platforms to help beginners and experts find the best platform for binary options. The sortable broker comparison below shows which binary trading sites are the most popular based on different criteria.

You can sort the list by payouts (maximum returns), minimum deposits, bonus benefits, or whether the operator is regulated. You can also read the full review for each broker and make the best choice. Below the comparison list is advice on how to choose the best trading platform, often based on your personal needs and wants.

Romania Popular Africa

How to compare brokers and platforms

To trade binary options, you need to use the services of a binary options broker that allows clients in Romania. binaryoptions.net has provided a list of all the best comparison factors to help you choose a trading broker to open an account. We also looked at the most popular and frequently asked questions and noted that this is an important factor when traders compare different brokers.

1. What is the minimum deposit? (It ranges from $5 or $10 to $250)
2. Is there a regulation or license and with which regulator?
3. Can I open a demo account?
4. Is there a signaling service? Is it free?
5. Can I trade with my phone and have a mobile app?
6. Are there bonuses on my new merchant account? What are the terms and conditions
   ?
7. Who is the best binary trading platform? Need a detailed chart with indicators for technical analysis?
8. Which broker has the best list of assets? Do they offer forex, cryptocurrency, commodities, indices and stocks?
9. Which broker has the maximum expiration period (30 seconds, 60 seconds, termination, long term, etc.)?
10. What is the minimum size or amount?
11. What types of options are available? (Touch, learn, border, pair, etc.)
12. Additional tools – early closing or metatrader 4 (Mt4) plugin or integration
13. Do they manage robots or provide automated trading software?
14. How is customer service? In which countries is phone, email and live chat support available? List your direct contact information?
15. Who gets the best payout or maximum return? Look at the market to trade.

Although the above list covers as many comparison elements as possible, they are very in-depth in each overview.

 

 

Regulated binary broker

Regulations and licensing are the most important factors in judging the best broker. While unregulated brokers are not always fraudulent or untrustworthy, it does mean that traders need to do more due diligence before trading. A regulated broker is the safest option.

Regulated Binary Options Brokers December 2024

broker	regulator	meter
Binary.com	Malta Georgia	ill
IK Options	CySEC	BO, CFD, Crypto, Forex
BDSwiss	CySec	BO, Cryptocurrency, Forex
24 options	CySEC	BO, CFD, Crypto, Forex
Nadex Exchange	CFTC	BO, Forex
low high	ASIC	ill
Hirose	Labuan FSA	ill

regulator

The main regulators are:

• CySec – Cyprus Securities and Exchange Commission (Cyprus and the EU)
• FCA-UK’s Financial Action Authority
• CFTC-Commodity Futures Trading Commission
• FSB – Financial Services Commission (South Africa)
• ASIC-Australian Securities and Investment Commission

In addition to the above, there are other regulatory bodies, and in some cases brokerage firms may be regulated by multiple organizations. This is becoming more and more common in Europe, where the supervision of binary options is increasing. The best brands with a good reputation are regulated.

There are regulations aimed at protecting merchants, keeping money correct and eliminating disputes. Therefore, it is important to consider when choosing a trading partner.

bonus

Signup bonuses and demo accounts are both used to attract new customers. Bonuses are often deposit matches, one-time payments or risk-free transactions. Regardless of the type of bonus, there are conditions to read.

We recommend that you understand these terms before signing a bonus offer or clicking Accept. If you don’t like the conditions, the bonus will be unattractive and your broker is probably not the best option. Some bonus conditions are also associated with the initial deposit. It is worth T & C before agreeing to the bonus, and many brokers give you the option to “uncheck” the bonus.

Using the bonus effectively is harder than it sounds. Consider whether considering one of these suggestions might affect your trading. One common problem is that the turnover requirements in terminology often cause traders to ‘trade’. If the bonus doesn’t suit you, decline.

 

Demo account

Binary options demo accounts are the best way to test both binary options trading and the software and platform of a particular broker without spending money.

You can get a demo account with more than one broker, try it and deposit money only where you find it best. Having an account with more than one broker can also be helpful. For example, payouts for two different assets are best at different brokers. You can buy the account that paid the most for that asset.

A demo account is the best way to try your brand risk-free. If you recommend a brand, you might as well try it before taking the risk.

Low minimum deposit

The minimum deposit requirement can be important if you want to join the binary option for the first time. The minimum deposit broker is the best for traders who want to use the binary option. The lower the initial deposit, the lower the risk. Minimum deposits start at $5 and the number of brokers offering minimum deposits is increasing. “Low” is at least 50 dollars.

Likewise, all brokers have minimum trading requirements or trading amounts. This can vary greatly from platform to platform. The minimum trading figure is between $1 and $25, and there is a big difference if traders intend to trade regularly. For some traders this may be less important in terms of finding the best broker, but for other traders it is very important. A trading account is a way you can’t learn to trade.

payout

One factor that many traders use to find the best account for binary options is the payout rate for the offer. But it is not always a simple comparison. Payouts change based on the underlying asset traded and the expiration time of the option. Moreover, payments change as the broker manages his own risk. So, if one broker was originally the highest price, the situation is reversed and the other broker now has the highest payout.

Therefore, the best way to do an investor is to determine the payouts for assets and their maturities and determine which brands they use the most. Demo accounts are good for examining payouts for specific assets and transactions.

Trading through exchanges and against brokers will have different payouts and are not easy to compare. In general, exchange traded options offer exceptional value. Nadex is an example of exchange.

As you can see, it is not always easy to find the best trading account and broker. But it is worth noting that you can freely move between brokers whenever you want. So even if your account turns out to be bad, it’s easy to find a new trading company. Likewise, a trader may have multiple accounts and open trades with the broker as the best conditions for that particular trade.

What is the best binary trading platform?

Trading platforms and proprietary (peripheral) software are usually a matter of personal taste, so naming the best trading platform is not easy. One user wants a simple layout, but the other may always need a lot of data on the screen.

However, platforms have different levels of quality in terms of ease of use and functionality. In general, in addition to binary options, brands that offer Contracts for Difference (CFD) offer more feature-rich trading platforms or advanced software.

Therefore, Nadex and IQ will provide a very professional trading platform. MetaTrader integration is usually also offered by more professional brokers (some use both mt4 and mt5 functions). These quality differences are a testament to the maturity of binary options as a product, but binary brands will catch up very quickly.

How do brokers make money?

Binary options brokers earn money through one of two business models:

1. As trading partner we guarantee ‘excess’ through payout ratios. ‘Over the Counter’ (OTC)
2. Through spreads or commissions on exchange models

People who have other forms of trading experience and who are approaching an OTC broker for the first time may ask themselves questions: ‘  Where is the committee? “.

But OTC binaries have no fees. In theory, the term ‘broker’ is not accurate. Binary companies do not arrange transactions or act as brokers or market makers. What they are is the opponent of each customer’s position. So there are no fees or charges for the transaction. Instead, each customer essentially bets at home. If the broker trades on both sides of the transaction, the margin is good. If not, the payment still gives them some protection. In certain situations, brokers will hedge their position to reduce risk.

Companies that trade binary options through exchanges (such as Nadex) operate much like ‘brokers’. Unlike the OTC market, where the exchange-traded option platform is the peer, the broker is a broker that matches buyers and sellers and charges fees. This charge is usually hidden within the spread, not an explicit fee. The risks for brokers are much lower, so the profit per trade is usually better for traders. You can use spreads to actively compare brokers. The wider the spread (the difference between the buy and sell price), the cheaper the transaction.

Brokers using distributed models often offer leverage or ‘margin’ trades through software. This increases the merchant volume and the income from the platform.

Should I use multiple brokers?

There is a very good claim to have more than one binary trading account.

• Brokers are suitable for certain transactions  . Different brokers are suitable for different trading styles or trading types. This allows one broker to perform short-term trade types and pay for foreign currency pairs. However, the same brand is slightly less good when it comes to providing border trading or index payments. If there is a long expiration date for competitors to pay for and opt for different border trades, it makes sense to trade with a broker who has an account on both platforms and offers the best deal for each trade.
• Demo Account  . Several demo accounts are perfect. Try as many brokers and trading platforms as possible before deciding where to trade.
• Reduce the risk  is. More than one brokerage account protects you from all problems with a particular company. If you have multiple accounts, ranging from serious issues such as bankruptcy to minor issues such as website downtime, software problems or market join, you are likely to be less affected by the problems your broker faces.
• Various suggestions  . Each entry can mean a new bonus, so we recommend that you use more than one account to get all the benefits. As always, read the term. The more deposits you have, the bigger the bonus, so the split might not be the best option.
• The distribution of prize money  . Some brokers may find winning trades in their books to limit the deal, limit the size of the deal, or even worse. This threat is fortunately small, but it means that multiple accounts spread the win. Most brokers look for “winners” based on gross revenue, not strike rates, so hiding the volume in your brokerage account can keep you under the radar.

Exchange vs OTC (non-prescription) broker

Exchange broker

Brokers offering exchanges are much closer to traditional ‘brokers’ than OTC brokers. The exchange acts as the ‘middle man’. They charge a fee to match the seller of the asset with the buyer of the same asset and close the deal. The market itself will determine the price – if there are more sellers than buyers, the price will fall until demand increases. If you have more buyers than you want to sell, the option price will rise.

The broker who runs the exchange does not care who wins or loses. There is no risk in the trade itself, unless the trader is doing a credit transaction. The broker will charge a fee for the transaction regardless of the outcome.

Due to the reduced risk for these brokers, the income for award-winning traders is usually greater. Commissions are generally small relative to the size of the transaction, so they don’t have a big impact on payouts. Other advantages include the fact that you can apply a stop loss and the fact that you can close the trade at any time (to make a profit or reduce losses).

Complications with the exchange come from the structure. The binary option trade trades somewhere between 0 and 100. Where 0 is the number used where the event did not occur and 100 where the event did occur. If the current price is now 30, the ‘buyer’ can risk 30 times the size of the deal and potentially win 70. So the ‘seller’ takes the chance of winning 70 to 30. It’s not a complicated comparison, but rather a complicated, straight-forward, over-the-counter option.

OTC Brokers

The most common type is an Over The Counter (OTC) broker, but this type of business is not a ‘broker’. This is the other side of one side of the deal. So if the trader opens a position, the broker will make or lose money depending on the success of the trade. You can only guarantee income if you have another trader who made the exact opposite trade with the broker.

These increased risks will allow brokers to offer lower payouts to reduce some of the risks they receive. Therefore, it can be lower than the stock trader. Some companies may have built a ‘hedging mechanism’ to further reduce the risk. In some cases, if the debt is too large, you may not be able to use one side of the trade.

The simplicity of binary options remains with the OTC broker. They have also done very well in the competition with the exchange by offering ‘cash back’ value for their options. If these functions are generalized, the gap between OTC and the exchange is reduced. Right now, traders may be better off trading on exchanges, but it’s a good idea to learn the differences through a demo account.

All the factors discussed above ultimately affect the way traders operate the market and therefore their profitability. The ideal situation would be to find a binary broker that provides for:

• Different financial assets are spread across different markets
• Reasonable bonus with a good payout close to 90%
• Box merchants offer flexible expiration dates without boxing into very long expiration dates.

Trading with a brokerage platform is pleasant and profitable only if you use a reliable operator. You should also choose the one that best suits your trading style. Read the above binary broker reviews carefully before making important trading decisions. You are not associated with only one broker and you can choose it.