According to Abe Cofnas is a thought leader and analyst in the financial industry.  “The binary option is called binary because it fits the condition of being either right or wrong-all or nothing.”
Binary options are a derivative that can be traded on any instrument or market. They appeal because they are straightforward. They are known for their simplicity and all-or-nothing nature. You know precisely how much you could win, or lose before you make the trade. No complex mathematics or calculator is required. This is why they are also known as ‘all or nothing’ trades. Moreover, a few reasons are behind to give this trading type name binary option. Options are derivative instruments. It can be traded as forex pairs, cryptos, stocks, indices, commodities, etc.
The exotic option allows a trader to speculate on the price movements of various instruments. You rather predict whether the price will increase above, or decrease below the strike price or purchase rate. The strike price is the price, at which traders trade underlying assets. Market price must increase or decrease, by the time the trade expires. To trade binary option, you don’t need to purchase an underlying asset.
The expiry period for binary options is very diverse. The time frame starts from 30 seconds and lasts up to a year. After prediction the price, you will select the call or put option, depending on the asset price movement.  If you guess accurately, you win a payout. But the wrong prediction will give you nothing. We consider the below Brokers one of the Best to trade Binary Options & Digital Options Trading.

• New broker platform developed and backed by a highly reputed Broker• Founded & Operating in the Business since 1999.     Click Here for more info
• Regulations: Malta (MFSA), Labuan (LFSA), Vanuatu (VFSC), British Virgin Islands (BFSC)• More then 1 Million happy Clients / customers Worldwide
• Forex, Commodities, Synthetic indices, Cryptocurrencies and Stocks & Indices to Trade• Type of Accounts: Standard, MT5 (DMT5), Synthetic Indices
• Customer support is available 24/7 through Help-Center & Live-Chat• Trading Platform: D-Trader, D-Bot, Smart-Trader, DMT5  –   Get more Info
• Convenient deposit and withdrawal methods• Advanced charting widgets
• The commissions start from 0.015 percent.• High leverage 1: 1000, tight spreads
• Kind of Trade Types available : Margin, Options & Multipliers• Analytical, Responsive & easy-to-use platforms
• Stock indices – Speculate on price movements across the largest US, Asian and European stock indices –  explore further• Forex – Close to 50 FX currency pairs, including majors, minors and exotics
• Synthetic indices – Based on a secure random generator, synthetic indices replicate real-world market conditions and are available 24/7 delivering consistent volatility• Commodities – Precious metals, such as gold and silver, plus energies like oil are available
• Provide Real-time Updates, Portfolio Details, Research Reports, Global Indices, Personalized Advisory, Interactive Charts, Live Markets, Multi Account Management Services• Desktop Platform Trading Windows & Mac, Web Browser Trading, Mobile Trading (Android & iOS) –  Click Here to Open a FREE demo account to experience the platform
 • Cyprus based, designated as a Cypriot Investment Firm (CIF), the trading platform under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC).  Click Here• Also registered with other well-known agencies such as the FCA (UK), Consob (Italy), BaFIN (Germany), and Regafi (France).
• Founded in the Year 2013 77 637 840 Registered users 1 800 000+ Active investors daily• MiFID compliant broker, Having EU License and CySEC with license #247/14
• Platform that contains essential features; technical analysis, multi-chart layouts, volatile alerts, historical quotes• Award Winning well built-proprietary custom-built platform recognized by the industry’s most respected experts.
• 300+ assets available to Trade variety of assets and financial instruments including stocks, digital options, binary options, forex, crypto-currencies, ETFs, and commodities• $380 000 000 Monthly investing volume & $10 000 000 Withdrawn each month – Open a FREE demo account to experience the platform
• Award-winning mobile trading platform with a clean and intuitive interface, created to meet the needs of the most demanding traders• Customize the platform to make it fit better to your needs — from chart type to color theme.
• Financial Instruments: CFDs, Binary Options, Digital Options• Use Smart Newsfeed to make informed decisions
• Withdraw your money in an instant using a wide range of available payment systems.• No fees when you make a deposit or withdraw funds
• Support 24/7 – Multi-Lingual team of professionals to Support.• Binary & Digital Options with Payout up-to 95%
• Powerful supportive community for discussion & ideas• Variety of Indications to take wise decision
• Trading Platform: iOS, Android, Windows, and MacOS• $10 minimum deposit & Minimum Trade: $1
• New Buyback System Available On All Platforms.  Get more information• Customizable interface & Advanced Tools And Charts
• North American Derivatives Exchange is a Chicago-based financial exchange that formerly known as Hedge-Street Exchange. The company is a subsidiary of London’s IG Group (LON: IGG) and is a regulated entity in the USA.
• US-based and Commodity Futures Trading Commission (CFTC) regulated Broker Operating since 2009. It Operates as an exchange, and not as a broker — so we can expect no misaligned incentives.
• Regulated and open to U.S. clients as well for many other countries. • Trading Platform: Nadex Desktop, NadexGO
Binary options, knock-outs, and call spreads are available with various contract durations No Conflict of Interest – Low/Fixed Trading Fees Upfront (transparent) Get more Info-Click
Wide variety of tradable markets: Provides access to plenty of different markets through options contracts. Stock indices, commodities, currencies and macroeconomic events can be bought and sold using binary options Trustworthy counterparties: regulated by the CFTC and clients can rest easy knowing that it’s in the best interest of the exchange to facilitate fair and honest trading
Best for Binary options traders, Knock-out and call spread traders, Advanced traders who understand derivatives markets – Get a Free Demo A/C now Short-term contracts for fast-paced trading – make market volatility work for you
Detailed educational materials and helpful tutorials $100 bonus with an initial deposit of $1,000*
Segregated client funds Competitive commissions