Binary option brokers ratings: formation parameters
Binary option brokers’ ratings are based on five parameters, each of which characterizes one of the aspects of the company’s work and a functional component of a trading platform. You can evaluate all brokers by the following parameters:
- General impression of the company. Evaluate your impressions from the usage of the services of a binary option broker. Is it reliable? Does it give you full security guarantees? Is it easy to use it? Does this broker hold webinars? Does it have tutorials and consultations for the newcomers? Are you pleased with everything?
- Convenience of the platform. Evaluate design and usability of the platform. Do you like the design? Did you manage to learn how to use the services of this binary options broker quickly?
- Trading tools. Evaluate broker’s assets, timeframes and types of options. Do you like the tools of the broker? Is it convenient to use additional functions of the binary options broker?
- Traders training system. Does the broker present tutorials? Does he hold training conferences? Does he have training documents? Does he make video materials? Did you manage to adapt to the system quickly? How quickly did you manage to become a professional in the field of binary options?
- Payment systems. How easy is it to deposit and withdraw funds into and out of the system? Are there many ways to deposit and withdraw funds?
- Support team. Evaluate professionalism and personal level of managers and analysts of this binary option broker.
Independent binary option brokers ratings
Currently, 24option is probably the best broker that provides really qualitative services to its clients. It is a fully Russified company that has its office in Russia. Rating index, which characterizes this company, is presented above.
Many traders opt for Topoption because this broker allows working even with the minimum deposit. It is a relatively young company, but it has already made a name and gathers pace with every passing day. This allows considering it as one of the leaders of the binary options market.
Anyoption is one of the first brokers that started its activity in European countries. This company was established in 2008 and since then it is always included in the list of the best companies. It is necessary to note that Anyoption has certificates of Russian supervisory authorities.
QOption is one of the most rapidly growing companies. It draws new clients by offering free demo account, low barrier of deposit and high payments on options. This company conducts its activity since 2012, but has already managed to prove itself positively.
Broker DragonOptions is one of the leaders in a binary options market. It is highly popular among traders in the former Soviet Union, because it has certificate of FMRRC (Financial Market Relations Regulation Center). Rating provided above characterizes key points of working with this company.
Opteck is a rather big binary options broker. Head office of the company is located in Great Britain. It guarantees that the company works within the limits of the European legislation. One of the major advantages of this broker is the quality of training documents, as confirmed by the provided rating.
OptionBit is a trading brand, which is known in each country because it had been introduced to the market long ago and proved its ability. This broker provides its traders with the unique platform and with the vast variety of assets and trading types. It is also necessary to add that this broker has short terms of processing of clients’ applications for the management of an account.
Utrader company specializes in the work with Russian-speaking clients. Despite its youth, this broker is very popular among traders. This is due to the simplicity of the platform and wide variety of assets, which can be used by the trader in his work.
OptionRally is a young broker, which has entered the market rapidly and successfully wins those new clients, who acknowledge the convenience of working with this company. Modern graphic design and high productiveness of the platform are the distinctive features of this broker.
Binary option brokers ratings: additional information
There are many binary options brokers and it is an open secret that they differ from each other by many parameters. That is exactly why different ratings of the best binary options brokers are so widespread on the Internet. Attentive trader will easily notice interrelation between the place in the rating and the amount of advertisements of the same broker on a website. Do you have an idea what does it mean? Exactly this phenomenon, as well as whether or not the trader needs such ratings, will be discussed below.
Truth and fiction
Let’s start our discussion by defining what the rating is. Wikipedia gives the following definition of this term: “Rating is a numeric or ordinal index that shows the importance or significance of a particular object or phenomenon”.
In our case, the object of evaluation is the broker. It means that the rating of the binary options has to give a quantitative evaluation or an ordinal (top-rated) index. In the Russian segment of the Internet there are many websites that show both indicators. The question is: what are these calculations based on? And aren’t they a mark of the advertising policy of each particular website?
The major question, which appears with such wording, is: who determines this level? Who assigns this quantitative or graphical evaluation, moving broker up or down in the rating? As we mentioned before in an annotation, place of the broker in the rating is frequently connected with an advertising policy of the website, on which a rating is published. It is a severe truth of the market and you can’t escape it.
Many existing indexes, which demonstrate binary options rating, are not objective for the reasons mentioned above. The most trustworthy are those systems, which in their work rely on the opinions of ordinary users. This category of users is major for any company. Convenience of working with the broker for the majority of market players depends on how the ordinary users perceive this company from the quality point of view.
Policy of our company is different from the common policy in the industry – we are enough powerful educational website to elude influence of the advertising policy on rating of companies for binary options. Unlike unfair so-called partners’ brokers, we have made the system for determination of position in rating that is open to public. Any visitor of the website can show his attitude to the trader by five parameters. Thus, we make the rating independent, objective and truly public.