3 best Binary Options brokers for Social Trading in 2023!
3 best Binary Options brokers for Social Trading.
These are the three best Binary Options brokers for Social Trading:
Regulation:
Yield & Assets:
Advantages:
Yield: 90%+ 100+ Markets.
Accepts international clients High payouts Professional platform Fast deposits/withdrawals Free demo account.
Live-account from $50.
(Risk warning: Trading is risky)
Yield: 95%+ 100+ Markets.
Accepts international clients Min. deposit $10 $10,000 demo Professional platform High profit up to 95% (in case of a correct prediction) Fast withdrawals.
Live-account from $10.
(Risk warning: Trading is risky)
Yield: 90%+ 100 Markets.
Accepts international clients 24/7 support Binary & CFDs High returns Free bonus TradingView charts.
Live-account from $250.
(Your capital can be at risk)
Regulation:
Yield & Assets:
Yield: 90%+ 100+ Markets.
Advantages:
Accepts international clients High payouts Professional platform Fast deposits/withdrawals Free demo account.
Live-account from $50.
(Risk warning: Trading is risky)
Regulation:
Yield & Assets:
Yield: 95%+ 100+ Markets.
Advantages:
Accepts international clients Min. deposit $10 $10,000 demo Professional platform High profit up to 95% (in case of a correct prediction) Fast withdrawals.
Live-account from $10.
(Risk warning: Trading is risky)
Regulation:
Yield & Assets:
Yield: 90%+ 100 Markets.
Advantages:
Accepts international clients 24/7 support Binary & CFDs High returns Free bonus TradingView charts.
Live-account from $250.
(Your capital can be at risk)
With the rise in technology, it is now visible that people are starting to realize the potential of trading. The recent surge in its awareness during the last few decades has paved new ways .
That is why we can see more people interested in acquiring knowledge about trading . It is undoubtedly a better way to multiply the income. So, the thought that comes to many people’s minds is that trading and investing may require a lot of time.
And that is true up to an extent. But it doesn’t necessarily have to be like that always. So, next time, if you come across the term social trading, then know that it is the choice for you and do not refrain from pursuing it. We show you the best Binary Options brokers for social trading.
What you will read in this Post.
What is Social Trading?
Social trading is nothing fancy, as the name suggests. But basically, it is a trading strategy that signifies the copying of somebody else’s trades. That makes it an ideal form of trading for those who want to save time while trading.
Its working is also quite understandable for anyone interested in that. There is just the requirement of trading brokers before you make an entry into it. So, once that is satisfied by accessing the platform of the social trading brokers, you only need to look and search for the traders that share their strategies and trading ideas.
When it comes to trading, the sensation that is taking up the financial world nowadays is none other than trading in binary options. In the present time, it has become one of the most popular choices for investors who focus on different aspects of trading.
(Risk warning: You capital can be at risk)
Social Trading in Binary Options.
Binary options trading is that type in which the structure of payoff is in a particular way that the compensation amount at the expiry of the option will either end in money or absolutely nothing.
So, we can say that essentially it is based on a yes or no proposition, hence satisfying the name. But there also lies a word of caution here. We cannot ignore that it all happens automatically , and the owner of the option does not have the opportunity of choosing to buy and sell the underlying asset.
Copy-trading in binary options can be just what you need if you look for a satisfactory way to analyze financial data.
It helps by providing a relevant ground for comparison regarding the copy trades, strategies, and their techniques. You essentially must find a successful trader and copy their trading strategy and get the profits.
Social Trading as a form of investment.
It is the way to invest in that trends nowadays. It is a simple concept that bases the trading decisions on the ideals of the public. The idea of social trading has grown with the popularity of social media.
It has led to a significant surge in publicly shared information of trading. People share their trades in social trading to create a wealth of market sentiment data. With its help, individuals can now follow the trading of others.
We can infer that it is nothing but a process in which online traders can trade themselves. For that, all they have to do is to make use of is the data that gets generated by other users from various other platforms across the binary trading industry.
Also known in simple terms as copy trade trading, it does this by judging sentiment or directly copying the trades of other traders and their regular generation of profits.
(Risk warning: You capital can be at risk)
3 best brokers for Social Trading.
As efficient it sounds, the social or copy trading strategy demands the availing of the best brokers around. So, when you require the best binary options brokers for social trading, here you get to know about three of the best binary options brokers.
#1 Pocket Option.
Pocket Option is an innovative broker for binary options trading that offers you the unique opportunity of social trading strategy. That makes it among the leading trading platforms present around.
Now, you can cop the trading techniques and ideas of the professional users and profit from the copied orders. There lies a plethora of features for choosing it as your broker for social trading.
First of all, if you are a beginner in the field of binary trading, then you don’t have to think twice before choosing it. While talking about the rewarding features of Pocket Option , you must know that it gets you the simple and most convenient social trading service that can make you a successful member of the market.
Assets.
Pocket Option offers 100+ assets. The categories of underlying assets are Indices, Forex, Crypto, Stocks, and Commodities.
Tournaments and Achievements.
The tournaments organized by the broker on a regular basis let you compete against other traders for some fixed-price money. The sum of the prize varies from the task at hand.
After winning the tournaments, you will get achievement badges in front of your name. Along with this, you will get lots of other trading benefits.
Social Trading.
When you are a beginner in this large field, it can become a challenge to survive. That is where this experienced broker can assure you of that with added benefits . The perfect way to start your passive income journey comes before you with the Pocket Option.
For, this is the platform where you can easily configure the automatic copying of professional traders. You can, of course, change your settings for a better and optimal operation in social trading whenever you want. That is how Pocket Option qualifies as the convenient broker you seek for copy trading.
They offer you instant and accurate copying that you can rely upon all the time. It also helps you to connect only with those traders who are not short on experience.
So, if someone wants to monitor their social trading activities and profit from their success, it is ideal to go for it because the Pocket Option fulfills just that precisely. To add to the features that, it provides, you can always keep track of every activity and get to choose the traders of your choice for copying their strategies as well.
Although there are various other binary trading brokers available out there, you can always place your trades under the best conditions here. Not just that, they offer flexible trading along with a comprehensive education. That contains tutorials and guides for various trading strategies, including social trading.
So, now you can rely on them for copy trading, but in addition to it also learn more about such trading techniques which can help you later too. Now, that is how the right place for online trading in financial markets, whether in binary options or not, looks ideally.
(Risk warning: You capital can be at risk)
#2 Quotex.io.
With their relatively new entry into the market, the launch of the platform Quotex.io was in 2019. Yet their developers are specialists with the highest level of experience and, they can give you the best copy trading platform.
Quotex.io is a binary trading broker that offers online binary options on a range of markets that come along with welcome bonuses for new traders. Quotex is a broker that gives away a demo account with $10,000 in tradable funds.
Get a free deposit bonus of 50% at Quotex with our promotion code ” bobroker50 “
It allows full access to trading features. But it also limits access to the news, trading tips, and other information. The diverse number of features that this broker lets you access do not get limited there.
Assets.
It is a platform to trade digital options on a wide variety of underlying assets. With Quotex.io broker, there is no need for downloading as the platform is web-based. There is also a mobile app. You can easily make deposits through credit cards, e-wallet or wire transfers, and even cryptocurrency. All such methods will make it available within minutes.
It supports the trading of options on securities, forex commodities, and some indices like the S&P 500. The expiry durations are reasonably diverse as well. It comes with 1 minute, 2 minutes, 5 minutes, and even up to one hour in many cases.
Price Chart.
But it can also sometimes go even up to a month or so. Their charts are quick in terms of response to market variations and are customizable. The broker hosts dozens of common indicators that traders use.
Get a free deposit bonus of 50% at Quotex with our promotion code ” bobroker50 “
We can fine-tune these according to the trader’s choice. Quotex.io binary broker also stands out from the rest in having the screens embedded to the right of the chart. It makes the trades tremendously easy.
Social Trading.
If you want to fulfill the desire of trading better in binary options with social trading, then Quotex offers to be a broker that’s among the top-listed ones. With a new level of trading experience, it has managed to declare itself as a broker that can ease your social trading.
(Risk warning: You capital can be at risk)
#3 Binarycent.
Binarycent is a binary options broker, just like the name suggests, that can help you invest and earn up to 95% in just 60 seconds. They offer you the platform for all your copy trading with the best conditions.
Withdrawal and Deposits.
The minimum deposit that starts here is just $250, and you can start trading from just 10 cents. That is quite attractive for every trader, but there are many more reasons for you to choose Binarycent as your binary options broker for social trading.
Only at Binarycent do you get the guarantee of withdrawal processing that takes less than an hour. It offers non-stop trading. It implies that you can now continue with your social trading without any hindrance.
That too, even over the weekends. It also offers a wide range of deposit and withdrawal methods along with a hundred percent secure trading assurance and complete data protection.
Customer Service.
Along with all these, it brings you dedicated customer service with multilingual support.
Now, it would not matter which language comforts you, because it is not an issue anymore. You get to clarify all your doubts and get your grievances redressed here without any communication problem.
Social Trading.
They have the experience of more than ten thousand transactions that get processed daily, which makes them one of the top and most reliable brokers of all. Copy-trading or social trading is a strategy for trading in binary options that is ever-growing.
Therefore, you can choose a reliable and experienced binary broker like Binarycent for the job. It helps you in becoming a profitable investor with social trading.
(Risk warning: You capital can be at risk)
Benefits of Social/Copy Trading.
There are several benefits when it comes to social trading.
With this feature, you will get the opportunity to get the knowledge of trading in the live account without much risk. However, you need to choose the trader whose trades you want to copy carefully.
Seeing them, you can learn the way they are executing their trades.
Everyone has their own way of trading. They formulate new strategies , and with them, you can learn their techniques and different strategies.
When you get profits without doing much and especially if you are a beginner, this feature is the best for you. You will get an easy and effective start in your trading expedition.
Get a free deposit bonus of 50% at Quotex with our promotion code ” bobroker50 “
Conclusion.
Binary options social trading can become the only trading strategy that you need. But as easy as it seems, there is always an element of risk there with it. Just like any other trading strategy, you might require better risk management here as well to successfully reap the full benefits.
It can become a hassle-free task if you choose your binary options broker wisely before starting social trading. You need to select the platform suitable for your ideas of benefits you want to acquire from social trading.
There are many out there with the gimmicks you may sometimes fall for unknowingly. But you must always watch for their experience in the industry and customer feedback.
These three best binary options brokers offer you the best social trading platform. It doesn’t matter whether you are just entering into this domain or have been there for a while. These brokers can help you get the most profits and tackle the riskiest endeavors that come with binary trading.
(Risk warning: You capital can be at risk)
About the author.
Percival Knight.
I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.