Best Binary Options Broker 2020!
Good Choice for Beginners!
Free Trading Education, Free Demo Account!
Get a Sign-Up Bonus Now!
2nd in our ranking!
Option Ground is a high-end binary options platform offering users “best in industry” usability and choice. The company is hyper client focused, delivering customer satisfaction through every step in the trading process. The company’s tagline is “building your wealth on solid ground”, and their platform certainly provides the base on which to achieve ambitious wealth development goals.
Bonuses and promotions
Option ground offer a three-tiered bonus system based. Experienced traders understand the necessity of having a solid financial basis on which to trade. These bonuses afford new traders the ability to increase their financial trading account and facilitate more rapid goal achievement. New traders receive a bronze welcome bonus of 30% on deposits of $200-$999, a sliver bonus of 50% on $1000-$4999 and a massive gold level bonus of 75% on deposits of $5000-$9999. These great offers provide great impetus to drive your trading career forward.
Option Ground is a great choice for traders at all stages of their binary options careers. Clients can get going with a minimum deposit of just $200. Minimum trades vary based on the trade type chosen. 60-second binaries can be traded with $5, put and call trades with $25 and one touch trades with $50.
The platform is available in English, with more languages to be added soon. Traders can choose to engage with their trades in Euros, GBP or USD. Signing up is fast and easy so traders can get going in minutes.
Option Ground is committed to providing constant innovation and enhancement of their platform. Key to their success is the trading experience, making for a smooth and enjoyable flow throw each trade. Traders can seamlessly initiate trades and navigate the platform in order to implement their tactics and achieve their financial goals.
Users of the platform can benefit from multiple deposit methods. They can choose from credit card, Western Union and Moneybookers. There are plans to further expand these options in the near future.
The expert technologists delivering the Option Ground trading platform are constantly striving to enhance the user experience. New functionality, options, assets and technological rollouts are always round the corner.
Platforms featured and Markets offered
Option Ground offers one of the most diverse asset choices of binary option platforms on the market. Whether you prefer to trade commodities, indices, stocks or currencies you are sure to find an asset to suit your strategy:
Best Binary Options Broker 2020!
Good Choice for Beginners!
Free Trading Education, Free Demo Account!
Get a Sign-Up Bonus Now!
2nd in our ranking!
1. Stocks: HITACHI, NISSAN MOTOR, AMAZON, BARCLAYS, BIDU, BRITISH AMERICAN T, FIAT, FRANCE TELECOM, GOLDMAN SACHS, IBM, PETROBRAS, S.BANK INDIA, SAB MILLER, TESCO, BNP PARIBAS, TEVA PHARMA, TOSHIBA CO, TURKCELL (TURKEY), TATA MOTORS (INDIA), REUTERS (US THOMSON REUTERS), BAE SYSTEMS (UK), ROLLS ROYCE (UK), HSBC HOLDINGS (UK), COCA COLA (USA), SBERBANK (RUSSIA), LUKOIL (RUSSIA), GOOGLE (USA), BP (BRITISH PETROLEUM), GAZPROM (RUSSIA), NIKE (USA), APPLE (USA), MICROSOFT (USA)
2. Currencies: NZD/USD, USD/CHF, USD/ZAR, USD/SGD, AUD/USD, USD/EGP, USD/RUB, USD/BRL, USD/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD, EUR/USD
3. Commodities: ASX (AUSTRALIA), WHEAT, COFFEE, SUGAR, GOLD, SILVER, PLATINUM, CITIGROUP (USA), OIL (LIGHT SWEET CRUDE)
4. Indices: IBEX, NIFTY, NIKKEI 225, TEL AVIV 25, TOPIX, KL FUTURE, STRAITS TIMES, NASDAQ FUTURE (USA – NASDAQ 100 FUTURE), S&P FUTURE (USA S&P 500 FUTURE), SSE180 (SHANGHAI STOCK EXCHANGE), HANG SENG (HONG KONG), BOMBAY SE, KUWAIT (KUWAIT GENERAL INDEX), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), QATAR (DSM20), EGX 30 (EGYPT), TADWUL (SAUDI STOCK EXCHANGE), MSM 30 (OMAN), RTS (RUSSIAN TRADING SYTEM), MICEX 10 (MOSCOW INTERBANK EXCHANGE), ISE 30 (ISTANBUL STOCK EXCHANGE), FTSE 100 (UK), CAC (FRANCE), DAX (GERMANY), NASDAQ (USA), S&P 500 (USA), DOW ( USA – DOW JONES INDUSTRIAL AVERAGE)
Traders can choose a trade to suit their strategy and research preferences. Option Ground clients can opt for PUT trades, CALL trades, Touch trades and No Touch trades.
Those looking for short timeframes can go for Option Ground 60-second binaries. These have a low minimum trade of just $5 and are over just a minute from trade commencement. It is even possible to trade several 60-second trades concurrently.
Profits on Option Ground are at excellent ratios. Standard binaries are up to 81%. For those seeking a more convicted position it is possible to return up to 500% on one touch weekly trades. These high yield trades are an excellent way to gain massive returns on ones investment capital.
A terrific team of administrative, trading, technology and customer service staff expertly deliver the Option Ground services. The customer care teams are available 6 days a week, 24 hours a day. They will not provide canned or scripted responses. They will get to the heart of your questions and queries and provide you with the information that you need. If they are unsure they will tell you and find the answers. Customer service is delivered through email, Skype and by phone.
Any business is only as good as the feedback that it receives; Option Ground operates an “open for communication” policy for feedback, comments and suggestions.
Is OptionGround a Scam?
OptionGround is a leading binary options broker and trading platform. OptionGround provides several different assets to choose from. These help you make the best choice from commodities, currencies, and stocks. Owned by Simple Trade since 2008, OptionGround is certainly among the most reliable binary broker and trading platforms available today. OptionGround provides excellent bonuses to help every trader can take advantage of a higher payout. The bonus itself cannot be withdrawn until you have reached a certain trading volume but you can withdraw your money at any time you like. OptionGround brokers work in a very professional way and provide all the necessary training to their traders.
Option Ground is a professional, efficient and secure binary options broker platform. They are committed to helping their trading community develop their knowledge and skills through the provision of education, guidance and even coaching.
With a fantastic user-friendly experience, some of the best bonuses in the industry, and constant innovation and improvement Option Ground are set to be a leading light in the binary options market.
Whether you are a beginner or expert Option Ground provides the tools to have a functional and profitable trading experience.
OptionsHouse is fantastic for options trading, providing investors with industry-leading tools and extremely competitive commission rates.
IMPORTANT NOTICE JULY 2020: OptionsHouse is now a part of E*TRADE. Please read our E*TRADE Review for a full breakdown of the combined brokerage.
OptionsHouse has come a long way. After its establishment in 2005, the online broker grew until May 2020 when it was announced the company and tradeMONSTER would be coming together under one roof. OptionsHouse was best known for its highly competitive commission rates, while tradeMONSTER was known for its terrific web-based options trading platform.
From 2020 until the summer of 2020, the combined OptionsHouse brand thrived, ultimately being purchased by ETRADE for $725 million. At the time this review went to press in February 2020, OptionsHouse continued to run as a stand-alone entity and brand, doing what it has always done best, providing clients fantastic options tools with highly competitive commissions.
Commissions & Fees
Stock trades are a flat rate of $4.95 per trade and options trades are just $4.95 + $.50 per contract. This flat-rate commission structure is significantly less expensive than those of all the large, full-service brokers, such as TD Ameritrade, Charles Schwab, and Fidelity.
What we also deeply appreciate is that OptionsHouse’s structure is clean cut, with little or no gimmicks or special-case scenarios that can ramp up costs in a hurry.
In fact, when you break these rates down against the entire industry, OptionsHouse finishes No. 2 overall behind Interactive Brokers. For equities and options traders this is a seriously competitive commission structure that cannot be overlooked. What we also deeply appreciate is that OptionsHouse’s structure is clean cut, with little or no gimmicks or special-case scenarios that can ramp up costs in a hurry. No platform fees or data fees either – the rates are all inclusive.
|Feature||OptionsHouse||Ally Invest||Interactive Brokers||Just2Trade|
|Stock Trade Fee (per trade)||$4.95||$0.00||N/A||$2.50|
|Stock Trade Fee (per share)||N/A||N/A||$0.005||$0.003|
|Mutual Fund Trade Fee||$20.00||$9.95||$14.95||$12.50|
|Options Base Fee||$4.95||$0.00||$0.00||$2.50|
|Options Per Contract Fee||$0.50||$0.50||$0.65||$0.50|
|Broker Assisted Trades Fee||$25.00||$20.00||$30.00||$22.50|
|Commissions & Fees||4.5 Stars||4.5 Stars||5 Stars||3.5 Stars|
To provide its active options trading customers with an even better deal, OptionsHouse kicked off 2020 by implementing a new Dime Buyback program, under which the company removed commission charges tied to closing short options contracts of $.10 or less, no matter what the spread type is. For example, if a customer makes a two-legged options trade and one leg was a buyback for $.10 or less, the second leg commission would be reduced to $0.
Platforms & Tools
OptionsHouse competes with the best in the industry when it comes to powerful platforms for trading options. Built as a web-based platform, OptionsHouse innovates and delivers speed, quality, ease of use, and the tools needed for options traders to succeed.
For newer investors, there isn’t a better platform on which to learn how to trade options.
OptionsHouse offers both virtual trading and regular trading. For newer investors, there isn’t a better platform on which to learn how to trade options. Pulling up quotes is a breeze, and OptionsHouse makes it easy to file personal notes with each trade.
Regarding OptionsHouse’s streaming charts, the functionality is good but there are drawbacks. First, the interface is not user-friendly and, compared to other brokers, it took us significantly longer to become acquainted with making customizations. Second, there are limited tools (just nine) with which to mark up charts. Third, there is a lack of technical studies available – only 35, compared to the industry average, which is close to 100. This extends to study customizations, which we also found to be limited.
On the plus side, you can place limit orders on the chart itself, then access a pre-filled order ticket to review and submit the trade. OptionsHouse also allows you to view your past buys and sells right on the chart, a feature few other brokers offer.
Moving onto options capabilities, OptionsHouse shines. The option chain screen displays a fully customizable streaming real time option chain with 30 different optional columns, including every greek.
Once you find an option of interest, clicking it pops open OptionsHouse’s summary window, which includes key metrics alongside different quick links for further analysis. Click Analyze and the tradeLAB Snapshot Analysis pops open. Not only is Risk/Reward completely broken down with simple smiley faces to translate the pros and cons, but key events to watch out for are displayed alongside a P&L chart. It’s a work of art.
If that isn’t good enough, OptionsHouse then provides a Spectral Analysis, which includes all the data needed to make an informed decision. My favorite feature on this tab is Risk Metrics, which displays the option greeks. Since not all investors understand greeks, OptionsHouse has a simple pull-down menu to change from “Greek” to “English,” making the data user-friendly for new investors. Awesome.
Once you have finished analyzing, you can quickly import the data into a fresh trade ticket, use the trade calculator to find the right position size, add optional notes, and then place the trade. (Note: This intuitiveness with design and UI continues beyond researching and placing trades. All live positions are completely customizable. OptionsHouse automatically groups options into spreads for you, then allows you to completely regroup them and customize them to your liking using a simple drag-and-drop interface.)
Even with all these capabilities, the highlight for options remains the strategySEEK tool, which is where you will find the platform’s option screener. strategySEEK is hands down the best options scanner in the industry.
Even with all these capabilities, the highlight for options remains the strategySEEK tool, which is where you will find the platform’s option screener. strategySEEK is hands down the best options scanner in the industry. First, you forecast the price at which you think the stock might end up down the road. Next, you drag and drop to set and order your priorities for the trade: Profit, Return, Probability, and Safety. Lastly, you click “Show Strategies” for a list of the best possible matches. From here, you can create an order and place the trade, analyze the trade (see above), or adjust the scanner and rerun.
It isn’t just the interface that makes strategySEEK impressive, it’s also the data and behind-the- scenes calculations taking place to power the tool’s recommendations. The OptionsHouse platform calculates EVERY possibility, millions of them, using a plethora of data, and displays results in milliseconds. This attention to detail is also seen throughout the rest of the platform in tools such as the liveACTION scanner.
All in all, the arsenal of tools available to options traders is truly impressive. OptionsHouse has a clear understanding of what options traders want, and delivers it in stunning fashion. And, as far as equities trading goes, while the platform has a strong foundation of functionality, the overall trading experience could be better. This is especially true for the charting interface, which needs an overhaul. That said, when it comes to browser-based platforms, options trading, and ease of use for new investors, OptionsHouse is king.
On the right sidebar of the Quote screen is OptionsHouse’s take on stock research, which is a breakdown of company information and fundamentals. OptionsHouse offers its own Fundamental Report Cards for each company, which, until October 2020, also included letter-relative ratings. While I applaud the OptionsHouse platform team for thinking outside the box, I found the data difficult to interpret and unimpressive.
With such competitive commissions, OptionsHouse must cut somewhere, and research is where the broker shaves cost.
Beyond the Fundamental Report Cards, not much else is offered. There are no third-party research reports, no way of conducting metric comparisons against other companies, no SEC filings, and you cannot even view a simple balance sheet. With such competitive commissions, OptionsHouse must cut somewhere, and research is where the broker shaves cost.
Similarly for ETFs and Mutual Funds research, the experience is poor. The data is very limiting and the only real positive is being able to see a Morningstar star rating for both ETFs and mutual funds. OptionsHouse is not recommended for research-hungry investors.
In late 2020, OptionsHouse released a brand-new mobile experience, completely rebuilt from the ground up. In prior years, OptionsHouse’s mobile apps suffered in the speed department because of their HTML 5 core. Thankfully, speed is no longer a worry and the broker now has a fantastic foundation to build from.
Looking at the features of the new experience, on the plus side, the app has the strong core functionality traders desire: real-time streaming quotes, excellent position management capabilities, and synced watch lists. The app also enables traders to place basic and complex options orders, view post-hours charts, and more. OptionsHouse also ties in some creative design elements, such as a fanning out the five most recent quotes when you tap on “Quote” on the bottom bar.
On the cons side, the app is still so new there are features missing that are still under development and awaiting release later in 2020. When looking at stock charts and trying to perform technical analysis, you cannot rotate the screen horizontally to view the chart cleanly. Studies are fairly limited at 11 (although they can be deeply customized, which is nice) and there are no tools beyond pinching to zoom in and out. OptionsHouse has left its previous app in the app store for this reason, which makes sense.
All data considered, while OptionsHouse clients are stuck using two separate app experiences until the new app is fully featured, the mobile offering is still great. OptionsHouse placed fourth out of 16 brokers.
OptionsHouse delivers customer service that is on par with industry standards. The broker is certainly not industry leading, finishing eighth overall, but it delivers a quality experience that should appease most clients.
Also not covered in my review commentary is OptionsHouse’s educational resources. While these resources improved in 2020 with the addition of webinars and more educational content on the company’s blog, OptionsHouse still lacks across the board. Education is limited to just options, there are no videos, organization is poor, and there is a lot left to be desired.
OptionsHouse has proved to be a terrific home for options traders over the years. There was no better confirmation of OptionsHouse’s dominance than the firm’s acquisition by ETRADE for $750 million in July 2020.
For now, OptionsHouse remains a stand-alone brand that continues to do what it does best. While it is weak in its offering of education, research, and tools catering to active stock traders specifically, OptionsHouse is on par with the industry with its customer service and shines everywhere else. For options trading, OptionsHouse is No 1, thanks to its discounted pricing structure and industry-leading tools.
For our Best Brokers for Stock Trading we assessed, rated, and ranked sixteen different online brokers over a period of six months. In total, we conducted 349 customer service tests, collected 5,277 data points, and produced over 40,000 words of research. How we test.
About the author: Blain Reinkensmeyer As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in the Wall Street Journal, The New York Times, Forbes, and the Chicago Tribune, among others.
*OptionsHouse was not included in the latest annual review, as a result this data may not be up to date.
Pocket Option Review
Pocket Option, owned by Gembell Limited, emerged in the world of binary options trading in 2020 and has since made a splash in the market. Based in the Marshall Islands, the International Financial Market Relations Regulation Center (IFMRRC) regulates this broker.
While binary options trading often gets a bad reputation because of the high risk involved, Pocket Option is one of the most reliable brokers in the industry. Creating an account is easy, and the platform works well for both new and experienced traders.
With over 100 assets available to trade and plenty of payment methods to accommodate international investors, Pocket Option offers trade opportunities to thousands of people worldwide. This Pocket Option review will help you decide whether you want to be one of them, as we go over the types of accounts you can get, their assets, and other special features on their platform.
Web, Windows, iOS, Android,
High/Low and Turbo
Number of Assets:
50+ Different Payment Methods
50% Welcome Bonus
Table of Contents
As with their accounts, Pocket Option offers one trade type. However, the one they offer is the quickest way to get an impressive payout.
Pocket Option makes trading simple with high/low options, which is the most straightforward of all binary options trading types. All you have to do is set a time limit for yourself and predict whether the asset price at the end of the time will be higher or lower than it was when you started the clock.
High/low options make for a near-instantaneous payout, ideal for traders looking to make some quick money. If you’re unfamiliar with how binary options work, high/low options can help you develop your technique with short time limits. You can set your time at a minimum of 60 seconds. If you like to play the long game, you can set the expiry for up to four hours.
Pocket Option is known in the binary options market for having high payouts. The lowest you can get is 50 percent, while their average is much higher. You can usually expect to get between an 80 and 100 percent payout for successful high/low predictions.
Pocket Option’s website states that you can get payouts up to 218 percent, which is practically unheard of. Even the leading binary options brokers usually only declare up to 200 percent maximum on payouts.
Keep in mind that high/low trading, in general, gives you higher payouts than most other types of binary options trading, like ladder/pair options. Making 60-second trades with high/low options can both introduce you to the Pocket Option platform and increase your account balance in minutes. However, it’s essential to be cautious with high/low options, as well, as too many unsuccessful trades can put you in the red fast.
Bonuses and Promos
When you open a live account with Pocket Option, they’ll give you a 50% deposit bonus on your starting investment. The more you deposit as your starting investment, the higher that 50 percent bonus will be.
The catch is that you can’t withdraw the bonus before you start trading. Since some investors might get the idea that they can sign up just to withdraw that bonus along with their initial investment, Pocket Option mandates that you need to participate in the trading market first. After you reach their specified level of trades, then you can withdraw the bonus.
If you’re apprehensive about going all-in with a real account on Pocket Option, you can try their demo account. You don’t even have to register with them to use it. You can simply go to their website and click the Demo Account button to get $10,000 in virtual funds that you can use to trade.
Even if you’re a seasoned investor, it’s a good idea to try the demo before you commit real money. After all, if you decide you don’t like the platform, whether it’s too simple or less intuitive than you’d like, it’s a lot easier to ditch the practice account than it is to withdraw all your funds and close a live account.
On the other hand, if you’re new to binary options trading, the practice account will give you enough experience to understand whether you want to keep doing it. Plus, with Pocket Option’s user-friendly platform, you’ll find out quickly whether you can handle something more complicated or would prefer to keep things efficient and simple.
While Pocket Option’s main platform is on the web, they also have mobile and PC versions. The mobile app from ITTrendex, LLC is available for both Android and iOS, so no matter what kind of device you have, you can keep up with market news on the go.
The Pocket Option mobile apps have all the same features as the online platform. Because the platform is already so simple, it translates well to mobile trading. The process is the same with the high/low options, and the interface is quick to install and start-up. The app is free, so you don’t have to worry about any extra expenses for wanting to carry your investments with you, either.
The iOS app just requires iOS 11.0 or later, so you can use it on an iPad or iPod touch, too. If you have Android, you’ll need Android 4.4 or later. Pocket Option really does give you plenty of choices for how, when, and where you want to trade—even if you’d hoped for tiered accounts, you still have other areas you can tailor your experience.
With over 130 assets, Pocket Option has an astounding selection. Those assets are broken up over five categories:
As a newer broker, Pocket Option entered the binary options market with many of the most popular assets, including cryptocurrencies like Bitcoin and Ethereum. Other brokers have left these out of their asset lists, which excludes a broad demographic of tech-savvy traders.
On the Pocket Option website, you’ll find their trading schedule, which lists the assets currently being traded, as well as the payout percentage for each. The schedule also shows general and OTC assets and the work time for each.
Deposits and Withdrawals
Deposits and withdrawals are as simple as Pocket Option’s interface. Once you’ve registered on their website, verified your payment type, and provided valid identification, you can start with the minimum $50 deposit or higher.
To put funds into your account, you can use a variety of payment types, from credit cards to cryptocurrency. Pocket Option accepts almost any major form of payment, including:
- Debit Card
- Bitcoin Cash
While these are the most commonly used options—there are more. You’ll have no problem with depositing or withdrawing funds regardless of your preferred method.
Additionally, the withdrawal minimum is far lower than the deposit minimum. Instead of $50, you only have to withdraw $10 for a valid transaction. Unlike some brokers, they also don’t charge a commission or fee for these transactions. Whatever you withdraw is exactly what goes into your bank account or card.
Be careful of the currency conversions, though. Some banks charge a fee for those, so if you’re looking to make a hefty profit, make sure you’re aware of the additional charge outside of the Pocket Option platform.
Pocket Option has tons of special features to enhance your trading experience. With a live account, you have access to features like:
Social trading is one of the most useful features of Pocket Option, especially for new traders. It allows you to keep an eye on other investors’ trading habits and see which ones produce successful results. Once you find the most skilled traders, you can learn to emulate their trades for better odds on yours.
Pocket Options Tournaments allow you to compete against other traders for prizes. It’s not quite like social trading since the latter isn’t a competitive arrangement, but you’ll still get to see how you stack up against other traders.
In tournaments, you have the chance to earn prizes and achievements. Prizes vary, but some can land you up to $50,000 in your account that you can then use to trade.
When you earn achievements through tournaments, they’re more than a fancy badge to show off your trading skill. Achievements can be just as useful as that $50,000 in prize funds. Plus, you get trading advantages.
You can get a payout percentage bonus, trading funds, and other perks that allow you to enhance your trading experience and increase your odds at making a profit.
Indicators and Signals
As you watch the market, Pocket Option shows you when it turns and when prices increase or decrease. Signals and indicators keep you up to date on when you’ll get the most out of a potential trade.
You won’t have any trouble connecting with Pocket Option’s customer support since all their contact information is easy to find on their website. They provide 24/7 customer service, and their phone number, email, and address are all available on their contact page.
You can also find them on various social media platforms, including Instagram, Facebook, Twitter, and others. They even have a live chat system on their website, so all you have to do is open it and get started.
If you have a general question but no time to chat, you can fill out the contact form on their website, and they’ll get back to you later.
To get in touch with them via phone, email, or at their physical address, use this information:
- Phone: 1 (800) 982-1251
- Email: [email protected]
When you’re thinking of trying a new binary options broker, you want to make sure they have enough features to give you the best trading experience you can get. What does Pocket Option have that sets it apart from the rest?
- Over 130 assets to trade
- Instant deposits and 24-hour withdrawal processing
- Social trading, tournaments, and achievements
- 50 percent deposit bonus with your initial investment
- $1 minimum trades
- Demo account with no sign-up commitment
- Available in 22 languages
- Accepts traders from the US
- Regulated and reliable
Despite its appeal with tons of assets and special features, Pocket Option isn’t without its problems. Let’s look at what might hold you back from trading with them.
- Only one type of account to trade with
- High/Low is the only trade type
- Simple trading platform
- Not licensed by the Cyprus Securities and Exchange Commission (CySEC)
Pocket Option’s intuitive platform allows both seasoned and beginner traders to make fast trades while earning higher payouts than most other brokers. They offer bonuses beyond the initial 50 percent, which means you have plenty of opportunities to increase your winnings.
Registering with them is easy, and you can even test out the platform with a demo account before you commit to it. No matter where you use Pocket Option, you’ll have the same access to all their features. We feel comfortable recommending Pocket Option as a reputable, reliable, and responsible broker for your binary options trading.
Best Binary Options Broker 2020!
Good Choice for Beginners!
Free Trading Education, Free Demo Account!
Get a Sign-Up Bonus Now!
2nd in our ranking!