Binary trading unchangeably attracts increased attention in every country where it gets regulated and permitted. So, we believe that our selection of binary brokers will be of service to a wide audience. The key emphasis is on minimum deposit and order demands as these two features play a crucial role to beginners with a limited budget.
Here is our shortlist of binary options low deposit brokerage sources with the most comfortable terms. For your convenience, we would mention their minimum deposit and minimum order limits as well.
- Pocket Option ― $5 (min.deposit) ― $1 (min.order).
- Binary.com ― $5 ― $1.
- IQ Option ― $10 ― $2.
- Expert Option ― $10 ― $1.
- Ayrex ― $25 ― $5.
- Olymp Trade ― $10 ― $1.
- Binomo ― $10 ― $10.
- Binarium ― $5 ― $1.
- Deriv.com ― $5 ― $5.
- Quotex ― $10 ― $1.
Now, you have a basic vision of the pricing policy of the brokers mentioned. However, when making your choice, you must take into account other factors as well:
- Available assets. Do not restrict yourself to binary options solely. Extend your portfolio with other less risky assets, like foreign currencies, stocks, commodities, crypto.
- Commissions. A broker may charge a fixed sum or a certain percentage for each deal executed, for deposits/withdrawals, etc.
- Bonuses. You may get extra funds for making your first deposit or even just for registration.
- Demo account. If it is your first try with binary options, practice with virtual money.
- Research and charting tools. Make sure it will be convenient for you to monitor and analyze the market via the platform chosen.
- Client support. Even an experienced trader may need certain guidance at times, not to mention newbies.
Also Read: Forex Factory: How Can It Help You Achieve Better Results in Trading
In the end, we would like to highlight that, at the start of your trading career, it is safer to stick to minimum deposits and investments as long as you continue learning. You must bear in mind that every time you place your bet you risk losing all that money if your calculations/predictions turn out to be wrong.
In sum, if you are a beginner and want to give this instrument a try, do not risk searching for a broker on your own. Choosing from the list compiled by our experts will both save you effort and protect you from all sorts of scams.