To trade Binary Options you need a platform that is not only easy-to-use and simple, but also have plenty of features and tools to fulfill the requirements of both a newbie and an advanced trader. And for sure, you need a broker that is honest, authentic and has great bonuses and payouts. When picking out a broker to trade with, there are numerous considerations you need to make. But first of all, you have to make a decision which features are the most significant to you. Here are few of the leading factors that distinguish one broker from another.

Payouts

This is one of the most significant factors that majority of users consider as the keyword to their search or right trading broker. The difficulty is that most of the Binary Options Brokers offer very similar payouts on trades; generally about 80-85% on average. That's why it is complicated to find out a broker based on the highest payout.

Assets

Usually all brokers offer assets from the 4 main categories - Indices, Stocks, Currency Pairs, and Commodities. The major difference between brokers is the number of assets offered on their platforms. Some trading broker will offer 60-70 assets to trade with while others are known for presenting assets well above 100.

Trade Contracts

This is one of the features that can actually differentiate one Binary broker from another. A usual Binary trading method is simple CALL/PUT trade, where you anticipate whether an asset will increase or decrease in price. But some traders let you use expiry for your Call/Put up to 60 second, an hour or more. These different trading types or contracts are where many brokers compete with each other. Some of the popular types of trades involved in Binary Trading are 60 seconds, One-Touch, No Touch, 30 seconds and so on. Some brokers also offer features like Take Profit and Rollover which permits you to end your trade before the expiration time or extend your expiration time.

Company Reputation

This should be one of the major factors in picking out the best Binary Options Broker. You must check the broker site for its credibility, authorization and reviews online based on their services.

Bonuses

Not all brokers offer bonuses for new clients, numerous companies offer handsome bonuses for first-time deposits. The bonuses normally vary anywhere from 25 to 100% of your deposit amount.