Minimum Deposits, Withdrawals and Trade Sizes for Popular Brokers
Before you sign up with a binary options broker, you will need to learn about their terms of service and what their requirements are for minimum deposits and withdrawals, as well as investment sizes. Finding this information on broker websites is not always easy, though, so we have compiled this information for you for some of our favorite brokers. These brokers offer great features, and have impressed us with their transparency and customer service. You can read more about each of them here.
*See more info on these brokers in our broker reviews page.
This is the minimum amount of money you need to deposit when you open your account to access the most basic site features for each of these brokers. If you make a larger deposit, you may be given additional trading tools, account management, and other conveniences, depending on where you trade. If you are trading in Euros, British Pounds, or another currency, you will generally deposit the equivalent amount of currency. Keep in mind that there may be changes in minimum deposit requirements. This is an up-to-date listing, but you should always double check with a broker before signing up to make sure nothing has changed.
Minimum Withdrawal Amounts and Relevant Fees
MarketsWorld: $20 minimum withdrawal required. No limitations on how often you withdraw.
TradeRush: $200 minimum withdrawal required. If you use a wire transfer, you will be charged a $30 fee for withdrawals.
GTOptions: $25 fee for wire transfer withdrawals.
GOptions: $100 minimum withdrawal required. $25 fee for wire transfers.
Banc De Binary: $100 minimum withdrawal required.
24option: No minimum withdrawal required. There are also fees when you withdraw more than one time per month, unless you hold a Platinum account. Regular account holders only get one free withdrawal ever. The fees are 3.5% of the transfer amount for a credit card withdrawal, 2% for a MoneyBookers withdrawal, and $30 for a wire transfer withdrawal.
As with the deposit amounts, the withdrawal minimum thresholds may be subject to change, so always double check with a broker before you decide to make a deposit. You will probably want to make more than the minimum deposit if you see a minimum withdrawal amount listed. Why? Because if you deposit $100 with a broker that requires you withdraw at least $100, you only need to lose a single trade before you can no longer access your own funds. Plan ahead so you can avoid paying fees at brokers that charge them.
Minimum and Maximum Investment Amounts Per Trade
Trade Size Minimums
TradeRush: $25 for Option Builder, $10 for Regular binary options and OptionPro, $5 for 60 Second trades.
GOptions: $5 for 60 Second trades, $25 for other trade types.
Banc De Binary: $1.
Maximum Trade Size
TradeRush: $500 for 60 Second trades, $1,000 for OptionBuilder, $2,500 for Option Pro and Regular binary options.
Banc De Binary: $8,000.
You will notice that minimum investment amounts are pretty similar across the board. Most brokers that offer 60 Second trades will let you open up a trade with as little as $5, but will typically start their other trade types off around $10 or $25. Some brokers have unusual minimums. 24option’s $24 minimum reflects their name. It is easy to remember, though some traders may find this amount awkwardly high. Also please note that I have seen conflicting information about the Banc De Binary minimum deposit amount. I am writing from the USA, and their website is now closed completely to USA traders, but when I checked in January, their investment amount was listed as $1.
You will notice there is a lot more variation in the maximum investment amounts, but that binary options really are aimed at traders with small or moderate accounts. There are a few brokers out there that offer higher maximum investment amounts for traders with large bankrolls, but not too many. 24option’s $15,000 ceiling is already much higher than the average, as is Banc De Binary’s $8,000 limit. Like the other amounts I have discussed, these are subject to change.
Now you have some idea where to begin your search for the perfect binary options broker that will fit your needs. Think about how much money you have to invest, your money management plan, and how flexible you want your broker to be about withdrawals. Then pick a few names from our list and read up on their relevant reviews. Once you find a broker you like, visit their website, double check the terms and get the most current information, and talk to someone about opening up a trading account!