When it comes to trading binary options, the low minimum deposit makes it easier for all traders to get involved. Binary Options are available on a wide range of assets and expiry time, but with this convenience also come risks, due to the potential rewards not being proportional to the amount staked. For example, if you were to go long (Buy) on Microsoft at $30, the payout would be $100 if it were to rise to $31. However, if you had only invested $5 in this trade, your return would then only be more than double that of the original investment (i.e. not worth it).
This is why many novice traders like to try out binary options on a demo account, which provides free practice through virtual money. That way they can get to grips with the platform and the assets available without having to risk their cash. Once they feel comfortable enough, then it is possible to move over to a real trading account and begin trading for real.
All of this helps require one thing- a low minimum deposit. This way, traders can choose to trade binary options on the assets they are interested in. A low minimum deposit binary options platform is a wonderful choice for new traders who don’t want to risk a large sum of money. Some of the best Binary Options brokers that have low minimum deposits in 2021 include:
1. Quotex.io
With a minimum deposit of just $1, Quotex is the best Binary Options broker for those who have never traded before. To continue trading after your initial investment, you’ll need to see an increase in the value of your assets by 300% – otherwise, it will expire and all funds invested will be lost. This is an excellent feature for new traders, as it helps learn how to make the most out of your money.
Another great way in which Quotex is helping novice traders is by providing free learning tools, including webinars, videos, and courses on Binary Options trading. It’s a good idea to do this research before starting to trade, but having access to such material is a great bonus.
Another feature that Quotex offers, which is unique to it and not other Binary Options brokers, is its data feed. This allows traders to see what the market is doing at all times and acts as a secondary trading indicator, so they can make more informed decisions and increase their chances of success.
Convenient trading interface
The platform comes with convenient features, such as an automatic copy trading feature that enables traders to automatically copy the top trader’s trades.
Integrated signals
The platform offers users a unique way to learn about Binary Options trading by providing them with free daily market reviews and forecasts every morning, at 9 AM GMT. Taking time out of your mornings to read these reports will help you prepare for the day ahead.
You can also take advantage of Quotex’s internal signals, with each trader being assigned a rating based on their performance. The traders are ranked in order, so it is possible to see who are the top performers at any given time.
Trading indicators
The platform comes complete with MetaTrader 5, which has over 4,000 technical indicators and allows you to design your custom indicators.
Perfect speed
Trades are processed on average within 30 seconds, with withdrawals often taking just one business day. This is an excellent feature that many Binary Options brokers lack. A longer waiting time can cause higher levels of stress or frustration among traders.
Mobile application is always ready to hand
Clients wishing to trade Binary Options can use the mobile version of the platform, with access via Android and iOS devices. This means traders are always in touch with their trades, no matter where they are or what they’re doing. There’s no need for them to miss out on potential opportunities when they’re away from their desktops.
Demo account
Like all Binary Options brokers, Quotex allows traders to open a demo account and experience the trading platform without risking any of their own money. This is a better idea than signing up for an account with real funds and depositing large sums of money. Instead, new traders should use the demo account so they can test out the platform and hone their skills before starting to trade with real money.
Innovative platform for smart investments
Quotex is the only broker we know of that offers a Binary Options referral program, where traders can earn up to 10% of any funds invested by those who sign up via their referral code.
Payment methods include Visa, MasterCard, and WebMoney, which means it is easy to get started even if you don’t have a bank account.
2. IQ Option
IQ Option is one of the fastest-growing Binary Options brokers in history, with an ever-increasing array of tradable assets and a high level of security with over 100 financial instruments to choose from.
The trading platform has more than 100 different financial instruments to trade, including stocks, indices, commodities, currencies, and cryptocurrencies. All these assets can be Traded via Binary Options, with expiry times ranging from one minute up to one week. As you’d expect, the more time an asset has until its expiry, the higher the payout is likely to be.
Fantastic customer support
IQ Option offers clients round-the-clock assistance, with live chat representatives waiting for traders’ questions and queries 24/7. This ensures that traders are never without the advice they need to make their trades, no matter what time of day or night it is.
High payouts with a low minimum deposit
It’s easy for new Binary Options traders to open an account with IQ Option because there’s no minimum deposit required. With most brokers, traders have to invest a certain amount before they can trade Binary Options. This often deters new clients who are putting in their first trades. However, with IQ Option there’s no minimum deposit required, with clients able to deposit as little as they’d like and then start trading immediately after opening an account.
Demo account
Binary Options newcomers should open a demo account and test out the trading platform before committing any of their funds. This is an excellent idea because it allows you to experience everything about the trading process without risking any money.
High level of security
IQ Option offers cutting-edge security features, including HTTPS encryption to ensure that all your personal information remains private and secure at all times.
Payment methods include PayPal, wire transfer, and credit/debit card, as well as several alternative options.
3. Binomo
Binomo is an excellent choice for Binary Options traders because it offers a high level of customer service, with many different ways to get in touch with the company’s representatives when you need advice or help with your account.
Live chat representatives are available 24/7, assuring clients that no matter when they need the assistance of an agent, there will always be someone there to help them.
Comprehensive trading platform
Binomo’s platform is impressive, with over 100 different financial instruments to choose between for Binary Options trades. This ensures that traders are never without something to trade no matter what their personal preferences or market outlooks are.
Fantastic trading conditions
The company provides a free demo account for all traders who want to try out the company’s platform before they commit any of their funds. This is a real bonus as it allows new clients to experience everything about trading Binary Options, without risking anything.
A wide variety of customer support options
Binomo offers several different methods for contacting its dedicated customer service representatives, including live chat and email for those who may not be comfortable using the online messaging service.
Minimum required deposit to start trading
There’s no minimum deposit required to trade Binary Options with Binomo, as clients can open an account and fund it as they see fit. This is a real bonus for new traders because it means that there’s no risk of them losing any money before they’ve even started.
High payouts and payouts on expiry
Binomo offers exceptionally high payouts on trades, with clients able to win as much as 95% of the time on some assets. This means that clients will always walk away from a trade knowing that they have another chance of winning and earning money on their next trades.
No minimum deposit required to open an account
Binomo does not require clients to meet a certain deposit amount before they can start trading Binary Options, which means that everyone can get started right away with no waiting period. This makes Binomo perfect for traders of all experience levels. Payment methods are very flexible
Payment methods
Binomo offers a wide range of payment methods to its traders, enabling them to deposit and withdraw funds in the currency that is most convenient for them. This means that there’s no need to worry about converting currencies to fund an account and make trades.
4. Olymp Trade
Olymp trade is a popular Binary Options trading platform, which has been providing excellent service to traders for several years.
High payouts and payout percentages
Clients can earn as much as 96% on some assets, with a high payout percentage one of the main draws of this particular platform. This means that clients will always be able to earn money and walk away from a trade satisfied that they have won.
High level of security
Olymp trade takes client security very seriously, which is why it offers cutting-edge HTTPS encryption to ensure that all personal information is kept private and secure at all times. This means clients can always feel safe when trading with this platform knowing that they are in good hands.
Easy-to-use platform
The company’s trading platform is simple to use, which means that all traders of any experience level will be able to get started right away. This simplifies the overall trading process and ensures that anyone can start making money.
Payment methods
Payment methods are very flexible Olymp trade offers a wide range of payment methods to its clients, including PayPal and Credit Card. This means that no matter which currency the client prefers to use for their funds, they can rest assured knowing that they can easily deposit and withdraw whenever necessary.
5. Pocket Option
The pocket option is one of the top brokers with a low minimum deposit, which makes it a great choice for new traders.
Minimum required deposit to start trading
There’s no minimum deposit required to trade Binary Options with Pocket Option, as clients can open an account and fund it as they see fit. This is a real bonus for new traders because it means that there’s no risk of them losing any money before they’ve even started.
No minimum required deposit to open an account
The pocket option offers no minimum deposit requirement for opening an account, which means that everyone can get started right away with no waiting period. This makes Pocket Option perfect for traders of all experience levels who are just starting in the world of Binary Options trading.
High payouts and payouts on expiry
Pocket Option offers exceptionally high payouts on trades, with clients able to win as much as 85% of the time on some assets. This means that clients will always walk away from a trade knowing that they have another chance of winning and earning money on their next trades.
Comprehensive trading platform
The Pocket Option trading platform is impressive, with over 100 different financial instruments to choose between for Binary Options trades. This ensures that traders are never without something to trade no matter what their personal preferences or market outlooks are.
A wide variety of customer support options
Pocket Option offers several different methods for contacting its dedicated customer service representatives, including live chat and email.
Payment methods
Pocket Option offers several different payment methods for its clients, including Credit Card and Wire transfers.
Conclusion
Binary options with low minimum deposits are perfect for newer traders who are learning the ropes of the trade. Traders are sure to enjoy being able to explore all of the options that they have available without having to put any money on the table first.
There’s no need to worry about minimum deposits with this selection of Binary Options platforms, as each has got something different to offer clients. No matter which one client chooses to use, they can rest assured that all of the platforms are fully licensed and regulated.
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