Top Canada binary options brokers comparison

Comparison Table options

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Name Date Founded x Trading Platform x 1st Deposit Min x Min Trade Amount x Free Trades x Options Profitability x Options Refund x Trading Methods xNumber of Assets x Open Account
TradeRush2011Spotoption $200 $5Yes 81% - 500% Upto 15%High/Low (Up/Down)
One Touch (Touch/No touch)
Option Builder
Option Pro
60 Seconds
100+Visit BrokerRead Review
Cedar Finance2012Spotoption $200 $5No 81% - 500% 10%High/low
Range
60 Seconds
Option builder
One touch
83Visit BrokerRead Review
Goptions2009Spot $200 $5Yes 90% Upto 15%Binary options
Pairs
Long term
Turbo
One touch
Ladder
Forex
Spot follow
220Visit BrokerRead Review

Comparison Table Key

Languages

  • Languages supported by the binary broker website and support staff.

1st Deposit Min

  • The lowest possible new traders first deposit that is accepted by the binary broker.

Min Trade Amount

  • The smallest possible trade size allowed on the binary platform on a single underlying asset option.

Bonus

  • New traders usually are eligible for a first deposit welcome bonus, popular bonus types are:
    • Percentage up to a maximum deposit - For example, a new traders deposits $500 and the welcome bonus is 100% up to $200 then the trader is eligible for a maximum bonus of $200 making it a total of $700 the trader can trade with
    • Money bonus - can be a free trade at various values or a top up directly to the trader's options balance
    • Maximum bonus - matching the 1st deposit sum of the trader with an equal bonus from the binary broker (1:1) usually upto to a maximum fixed amount.

Options profitability

  • The range of profitability percentage for an in the money (winning) trade. the profitability percent is displayed prominently near any asset along with a profit calculation based on the actual trade size.

Deposit methods

  • The various deposit methods accepted by the broker (Credit card, bank transfer etc) for a withdrawal methods list, please refer to each broker's website.

Trading methods

  • The various trading methods for underlying assets available to trade with. Different methods yield different payouts and profitability ranges and has different expiry times. key options trading methods are:
    • High / Low - will an underlying asset's price will go up or down in a fixed expiry time frame
    • Range - Will an underlying asset's price will be in a certian price range at the option's expiry time.
    • One touch - will the option's price touches (even only once) a certain price before the expiry time.
Different brokers and different platforms have different trading methods that can suit different types of traders and different trading strategies.

Types of assets

  • What underlying assets are available to trade on the broker's portfolio. The four most popular options types are:
    • Indices - NASDAQ, S&P 500, Dow etc.
    • Commodities - sugar, coffee, cotton, wheat, silver, gold, oil etc.
    • Currencies - EUR/USD, NZD/USD, CAD/JPY, USD/GBP etc.
    • Stocks - Nike, IBM, Apple, Google etc

Currency

  • Types of currencies available to deposit or trade with.

US traders allowed

  • Indicates whether a broker accepts traders based in the US
 

For more information, please read our binary options guide