Binary options are financial products with two possible outcomes. You either earn a fixed amount of money or walk away with nothing. The all-or-nothing nature is why brokers have dubbed them binary options.
The simple premise makes binary options appealing for traders at all experience levels. They beg the question: “Will an asset be above or below a specific price at a given time?” The proposition becomes even more attractive when you consider the low minimum deposit binary options available for traders.
A low minimum deposit gives new traders a way to test their knowledge and potentially make a profit. While trading requires skill and a little bit of luck, binary options brokers create low-risk environments that protect your bank account. Here's everything you need to know about low-minimum-deposit binary options.
- Best Trading Platform:Pocket Option
- Best for CFD Trading:IQ Option
- Best for Beginners:Binary.com
- Best for Forex:Olymp Trade
- Best for Mobile Trading:ExpertOption
Table of Contents
Binary Option Brokers With Low Minimum Deposit
| Binary Option Brokers With Low Minimum Deposit | ||
|---|---|---|
| Pocket Option If you're looking for a binary broker that caters to customers around the world, including USA and Europe, then Pocket Option is one of the best options available.
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 | IQ Option If you're looking for the best binary trading platform, IQ Option should be near the top of your list.
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 | Binary.com Although Binary.com is a perfect choice for beginners, their advanced platforms have enough features to satisfy even the most advanced traders.
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 | Olymp Trade This broker has a variety of educational resources available to their clients including trading strategies, webinars, and more.
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 | ExpertOption If you're looking for a great payouts and a solid trading platform, ExpertOption is an option worth considering.
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 | Binomo Binomo is a good binary trading platform but has limited assets compared to other brokers. Binomo does offer a demo with $1,000 in virtual funds if you want to give their platform a try.
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 | RaceOption This platform is best suited for beginners that are looking for a simple interface that is easy to understand.
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 | BinaryCent BinaryCent trading environment is friendly and secure for all traders. This broker comes highly recommended for all types of traders.
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IQ Option - $10
The minimum deposit is $10 if you open a standard account with IQ Option. The deposit gives you access to weekly trading competitions and platforms. IQ Option also offers a VIP platform with a $1,900 minimum deposit, including 3% additional returns, a personal financial manager, and exclusive promotions.
Binary.com - $5
If you're looking for low-minimum-deposit binary options, you'll have a hard time beating Binary.com. This options broker allows trading for as little as $5. Setting up an account is straightforward and hassle-free, and it gives you access to a wide range of tradable assets.
Olymp Trade - $10
Olymp Trade offers a low minimum deposit of $10 for standard accounts. You can make your initial transaction with a credit card, debit card, e-wallet, or cryptocurrency. The deposit lets you join more than 25,000 active traders and trade for as little as $1.
Why Choose A Low-Deposit Binary-Options Broker?
Easier for Beginners to Get Started
Options brokers want to make trading as simple and accessible as possible. With the advent of low-minimum-deposit binary options, trading doesn't get much easier. You can set up an account and start trading within a matter of minutes.
Brokers offer various promotions to make your minimum deposit more appealing. Some brokers match your initial deposit up to 100%. If you open an account with a $10 deposit, the broker would add another $10, so you'd start with $20.
Set Up Accounts With Multiple Brokers
Not all binary-options brokers are equal. If you want to determine which ones have excellent platforms and which ones don't, then open multiple accounts and compare them. The first-hand experience makes it easier to find options brokers that meet your needs and budget.
When you look for a broker, some of the things to consider include:
- Promotions
- Minimum deposit
- Number of tradable assets
- Ease of use
- Mobile app
- User reviews
- Fees
- Customer service
Risk Management
All binary options come with some degree of risk for traders. Low-minimum-deposit binary options reduce that risk. Instead of wagering hundreds or thousands of dollars at a time, you can work your way by starting with $5 to $10 trades.
Want to reduce your risk to zero? Try a free demo. Binary options brokers let you set up a free demo account and start trading with virtual cash. While you can't withdraw any of your profit, it provides an easy and risk-free way to learn about trading.
What Is the Minimum Trade Amount for Binary Options?
You've made the minimum deposit. Now it's time to start trading. While the minimum trade amount varies among brokers, you can find deals for as little as $1.
Brokers such as Olymp Trade and Binomo offer $1 trades. The low binary option ensures that you stretch your minimum deposit as far as possible. Most brokers also pay out between 90% and 95%, so you'll earn 90 to 95 cents for every dollar you successfully wager.
What Types of Deposit Methods Do Brokers Offer?
Cryptocurrency
Despite its increasing popularity, cryptocurrency has yet to reach the mainstream. Brokers have been among the early adopters, giving traders more methods to make their initial deposits. The platform comes with a strongly encrypted digital record to ensure that your deposit goes through smoothly.
Cryptocurrency is challenging to track, which makes it ideal if you want to use foreign brokers. U.S. law currently prohibits citizens from trading offshore binary options. If you make your deposit with cryptocurrency, it would be almost impossible for the government to trace it from your broker to you.
Credit and Debit Cards
Binary options brokers worldwide accept credit and debit cards from people looking to trade low-minimum-deposit binary options. Brokers accept most major carriers, including Visa, Mastercard, and Citibank. Credit and debit cards make it easy to deposit or withdraw funds at your convenience.
You also don't have to worry about security. Companies like Visa have world-class fraud protection services that guarantee that your minimum deposit goes to the correct place. They will even alert you and your brokers in case of fraud or identity theft.
Wire Transfer
Bank wires involve sending money directly from a bank to a vendor--in this case, a broker. The wire ensures a safe and swift deposit and comes with a digital receipt. Most financial institutions charge a fee for each transfer, which ranges from $15 to $50.
Wires process in a few minutes, so you can start trading with your deposit almost instantly. If you're transferring a deposit to an international broker, it may take one or two business days. You can also send large amounts of money, typically upwards of $250,000 per day.
E-Wallets
According to The Times of India, 92% of the world's money is digital. If you want a safe place to store your funds, use an e-wallet. The electronic device lets you deposit money with a broker instantaneously without fumbling with credit cards or carrying physical cash.
Some of the most popular e-wallets include Moneybookers, Neteller, WebMoney and Skrill. They work like credit cards, except with higher levels of security and more data encryption. If you want to make a deposit, load your e-wallet, go to your broker's payment page, and click the e-wallet option.
Ready to start trading binary options? Make your minimum deposit with a trusted broker today. Check out our content to find a reputable broker that are right for you.