Binary options signals – the complete guide

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Get your signals Review
Get your signals Review
Get your signals Review
Get your signals Review
Get your signals Review

Binary options signals – the complete guideBinary options signals can help traders to find profitable trading opportunities, simplify their trading, and trade more profitable. Often, all of these aspects apply at the same time. With binary options signals, even complete newcomers to binary options can trade profitably right from the start.

In this article, you will learn:

  • What are binary options signals?
  • Why should I use binary options signals?
  • What is the difference between binary options signals and robots?
  • What is the difference between signal providers?
  • How much do signals cost?
  • Are signals worth the money?
  • How can I test signals without risking money?
  • Which are the best signal providers?

With this information, you will know everything there is to know about binary options signals. You will be able to use signals to make your trading easier and more profitable, and you will increase your long-term success.

What are binary options signals?

Binary options signals are a tool that can help traders find trading opportunities and make their trading simpler, quicker, and easier. Signals will tell you what to invest in and how to invest, leaving you with the simple task of executing the signals that you receive.

To get binary options signals, you have to subscribe to a signal provider. There are hundreds of signal providers available, each of them varying in the assets for which they provide signals, the number of signals they provide, and other basic characteristics.

When you subscribe to a signal provider, you receive its signals via text message on your phone, email, or video live stream. A typical text message or email signal could read:


With this simple signal, you would know everything you need to know to invest in a binary option:

  • The signal applies to the EUR/USD currency pair.
  • It is a CALL signal, meaning that your signal provider predicts the EUR/USD to trade higher one hour from now. The opposite of a call signal is a PUT signal, which predicts that prices will fall.
  • 1 HOUR indicates the time span for which the signal is valid. That means, if you receive the signal at 1 PM, your signal provider predicts that the asset will trade higher than at this time at 2 PM.

To invest in a binary option based on this prediction, you would choose a high / low option for the EUR/USD with an expiry of one hour. If you are late to react to the signal, you have to judge for yourself whether it still makes sense to invest. If you react at 1:15 PM and the market has fallen so far, for example, investing might still make sense if you adjust your expiry to 45 minutes. If the market has already risen, however, investing might be a little too risky, and you should let this signal go.

To execute signals, you need to sign up with a binary options broker, if you have not already done that. Brokers offer you the binary options to trade the predictions your signal provider sends you. For a list of the best available binary options brokers, check our top list on the topic.

Why should I use binary options signals?

Binary options signals offer traders a number of advantages. Let’s look at each advantage individually

1. Binary options can help newcomers to trade successfully from the start
When newcomers first enter the binary options scene, they have a long road ahead of them. To trade successfully, they have to understand the market, learn technical analysis, and get a feeling for which strategy they like best and which tools to use at which time.

Developing these skills takes time and effort. Unless you are a one-in-a-million talent, this process will last at least a few years. During that time, you will sometimes make a profit but often lose money on rookie mistakes and imperfect trading decisions. By the end of their first trading year, almost no newcomer turns a profit. For many newcomers, their first years will end with a significant loss, and the majority of traders will quit before their first year is over.

Binary options signals can provide a way out of this dilemma. By trading the signals your provider creates for you, you can make money from the start. Even if you have no idea of technical analysis and of how the market operates, you can import the knowledge of a group of experts and trade as if you were an expert, too.

With this system, you can save yourself the trouble of having to learn technical analysis and suffering the inevitable losses that come with this process. Signals will at least save newcomers some money, and they might save their entire trading career.

2. Binary options can make trading as quick and simple as possible
Analyzing the market can be a time-consuming task. A halfhearted market analysis is the number one reason why traders lose money and is a mistake you have to avoid at all cost. Quality market analysis, however, requires preparation and up-to-date knowledge about the asset you want to trade the market in general.

To trade effectively, traders need a solid understanding of what is happening to their asset on the largest scale and then break this knowledge down into continuously smaller chunks until they arrive at the time frame they want to trade. This task can require an hour per day in addition to your trading, and you have to monitor for multiple hours per day to find trading opportunities.

Most people, especially the majority that works daily jobs and has a family, lack the time to perform such extensive market analysis. For these people, binary options signals present a simple alternative that can create similar results in a fraction of the time.

When you trade with binary options signals, there is no need to monitor the market or the asset you want to trade. You can go about your day in the same way you would normally do, and when you receive a signal, you can execute it within a minute. Since most brokers offer mobile trading apps for Apple and Android devices, you can even execute signals while you are at work, stuck in the traffic, or in the restaurant with your girlfriend.

Compared to performing your own market analysis, this setup has the clear advantage of allowing you a life outside trading. If you want to design your life in a way that allows you the most flexibility and freedom, binary options signals are the right tool for you.

What is the difference between binary options signals and robots?

Aside from binary options signals, there is also another technique of automating your trading: binary options robots. Robots take the basic idea of signals one step further and, in addition to creating trading signals, also execute the signals they create.

This difference has a number of advantages and disadvantages.

  1. Robots allow you to automate trading completely. With signals, you have to execute each signal for yourself. While robots can save even more time, signals provide you with the control of having the final say and the security of always staying on top of your account. Decide which aspect is more important to you for yourself.
  2. Robots work with some brokers only. To execute their signals, robots need a connection to the broker you are trading with. As any technical connection, setting up this interface requires a robot provider to make adjustments that are specific to the broker, which is why every robot works with a few brokers only. To use this robot, you have to sign up with the broker it works with. This might require you to create a new account or to sign up with a broker that you do not like. Signals, on the other hand, work with any broker. Since you execute the signals yourself, there is no need for a technical interface, which enables you to trade with the broker you like best.
  3. Robots require you to provide another party with access to your account. As long as you trade with signals, you can keep your account to yourself. Only you need to know the password, and you are the only person that touches your money. With a robot, things are fundamentally different. You have to provide the robot with access to your account, which enables the robot to use your money. While you can control the robot’s settings, many traders feel uncomfortable with the thought of allowing someone else access to their savings.

In conclusion, robots are for traders that want to keep their trading as simple as possible, even if this simplicity increases their risk. With signals, on the other hand, you have almost the same control over your trading as you would have if you traded yourself, but you have to invest around 10 minutes more per day. Decide for yourself, which way of trading you like better.

If you want to learn more about robots, we suggest you take a good look at the robot section of our homepage. Just like with signals, this section will teach you everything you need to know and provide you with a top list of the best binary options robots available.

What is the difference between signal providers?

With so many signal providers currently competing for customers, many traders find it difficult to understand the difference between signal providers. To help you make a good decision, here are the most significant differences between signal providers:

1. Simple signals vs. complex signals vs. video lessons

The biggest difference between signals providers is how they send you their signals. Most signal providers only send you their signals in the simplest form. Via text message or email, these signal providers tell you what to invest in, and that is it.

There are, however, some signal providers that take things one step further. They do not simply tell you what to invest in; they predict for which price a specific asset will trade at a specific time and then allow you to make the best decision on how to trade this prediction. Such a signal could read: EUR/USD, 2 PM GMT, 1.1313, predicting that the EUR/USD currency pair will trade for 1.1313 at 2 PM GMT. This type of signals is called complex signals.

Finally, some signal providers go all the way. These signal providers do not only send you signals; they allow you to watch their experts as they create them. Via live stream, these experts will analyze the market for you and talk you through each trading decision they make.

Both types of signals have advantages and disadvantages.

  • Simple signals are easy to use and require little time investment on your part. You get the signal, you execute it, and you are done. The disadvantage of these signals is that you do not know why they were created.
  • Complex signals enable you to use your trading expertise to maximize your profit. If a signal predicts a strong movement, for example, you can trade it with one touch options or ladder options and generate a significantly higher payout than you could with high / low options, which you would have to use with simple signals and without an indication of the size of the movement. Complex signals do, however, require you to be able to perform your own market analysis.
  • Video signals combine signals with a high-quality trading lesson by professional traders. You get signals, you learn how to trade, and you can evaluate whether you trust the people who analyze the market for you, but you have to invest a lot more time. Typical video signals provide a live stream for 2 hours on every weekday.

Traders who like to keep things as simple as possible should choose simple signals. Experienced traders who are willing to invest a little time on each signal to decide how to trade it as long as it improves their profits should choose complex signals. Traders who want video lessons or who want to check in on the people that analyze the market for them should go with video signals.

2. Accuracy with which a provider creates signals

Some brokers are more accurate than others. This can, of course, be due to the fact that they create different signals; providers of simple signals only need to predict whether the market will rise or fall while providers of complex signals also need to predict how far the market will rise or fall, which is more complicated and leads to a lower accuracy. Since you can trade these predictions with binary options types that have far higher payouts, however, the lower accuracy is not a problem.

When comparing the accuracy of signal providers, you should therefore only compare signal providers that create a similar type of signals. In our top list of the best available signal providers, you can see the best signal providers and the accuracy with which they create signals

3. Which assets does a signal provider create signals for?

By nature, no signal provider can create signals for all assets. There are thousands of stocks, hundreds of currency pairs, and a similar amount of indices and commodities, and creating signals for each of them is impossible. Consequently, every signal provider has to select which assets it wants to create signals for and which assets it wants to exclude from its service.

Signal providers vary on which assets they create signals for. Most signal providers have two things in common, though:

  1. They create signals for big currency pairs such as the EUR/USD or the GBP/USD.
  2. They create signals for popular stocks and indices such as the Dow Jones or Alphabet (Google).

With these two types of assets, signal providers have covered the assets that all brokers offer, too. Consequently, you are able to combine every signal provider with every broker without having to fear any incompatibilities.

Some signal providers, however, also create signals for assets that are a little less common. These signal providers feature less popular stocks, smaller currency pairs, and indices from smaller countries.

Depending on whether the selection of assets is important to you, you should take a look at which assets your broker generates signals for. Some traders want signals for specific assets, which makes this step necessary. Other traders could not care less which assets they are trading as long as they are making money – these traders can ignore this step.

4. How many signals does a signal provider create per day?

Some signal providers create significantly more signals than others. While most signal providers send you around five to seven signals a day, some providers manage to create as much as 20 signals per day. This difference in the number of signals a provider creates can have a number of different reasons, and depending on the reason you will find that some providers suit you better than other. Let’s look at each reason individually.

Possible reason #1: A different quality of signals

All binary options traders face one inherently difficult choice: when they create trading signals, they have to combine quality and quantity in a way that allows them to make money and to feel comfortable with their strategy. Signal providers face a similar dilemma.

To understand this dilemma, think of trading signals in terms of school grades. Some signals will create almost certain winning trades, and these signals get grade A. Some signals are also highly likely to create winning trades but are a little less secure than grade-A signals. These signals get grade B. The whole process continues for all sorts of signals until you arrive at highly speculative signals, which might be grade D and faulty signals which would be grade F.

Now every signal provider has to decide which types of signals to use. They can only send you signals with grade A, which would provide you with high-quality signals but only few trading opportunities. If the provider includes grade B signals, too, you would get more opportunities but win a lower percentage of your trades.

In this dilemma, there is no right and wrong. You should choose the signals that suit your character best.

  • Traders that want to keep things as simple as possible should choose providers that only send few signals. The combination of few but high-quality signals will help these traders to make the most profit with as little time investment as possible, the ideal setup for traders that want a simple, straightforward trading process.
  • Traders who want to maximize their profits and are willing to accept a bigger time investment and more risk should choose a signal provider that sends more signal per day. More trades mean more money, even if you win a slightly lower percentage of your trades.

If you are unsure which approach you like better, we recommend you try both types of signal providers. Use the providers’ 60-day money back guarantee, and you will not have to pay any money unless you find signals that you like.

Possible reason #2: A different number of assets

This relates to a point we already touched upon. Signal providers that monitor more assets will automatically create more signals. You should, therefore, always understand a signal provider’s number of signals per day in relation to the assets they monitor.

  1. A signal provider that monitors many assets and creates more signals will likely create signals with a similar quality as a provider that monitors fewer assets.
  2. A signal provider that monitors more assets but creates an equal number of signals as a signal provider that monitors fewer signals will likely create signals with a higher quality.

Simply put, a signal provider that creates five signals per day based on 100 asset must use a more selective strategy than a signal provider that creates 100 signals based on 5 assets. What is important to assess a signal provider’s quality is the number of signals per asset.

Getting more signals per asset is neither inherently bad nor good, but you should be aware that more signals per asset necessarily mean that a signal provider has to accept a few signals with a less than perfect quality. If you want to maximize your overall profit, the tradeoff might be worth it. If you want to keep things simple and as secure as possible, we recommend you stick with high-quality signals only. Most brokers that send around five to seven signals a day create high-quality signals.

How much do signals cost?

The price of binary options signals varies depending on which type of signals you buy. The one thing most signal providers have in common is that they offer their signals on a subscription basis, which means that you pay a monthly fee for as long as you use the signals and that you can quit your subscription by the end of each month without prior notice.

  • Simple signals that tell you which direction to invest in with high / low options usually cost around $100 per month. Most providers keep their pricing below the psychologically important $100 mark and charge $97 or $99.
  • Complex signals are more expensive than simple signals, and their pricing varies more widely. Especially high-quality signal providers that monitor multiple assets can cost around $250 a month. Since complex signals allow you to trade their predictions with binary options types that create higher returns than high / low options, the higher price is justified as long as you plan to use this option.
  • Video signals cost about as much as complex signals. Video signals usually come for a price similar to complex signals. If you can afford to invest multiple hours each week into watching the live stream of your signal provider, video signals can provide you with great value.

Unsurprisingly, the pricing of binary options signals follows the value you get in return. Simply signals are the easiest signals to create, which makes them cheap. If you want to invest as little time as possible anyway, simple signals provide you with convenience and cheap signals. If you want complex signals or a video lesson, you have to invest a little more, but you will also get more in return.

Pick the option that suits your trading the best, but avoid making the price the single criteria of your decision. You need the signals that suit your trading style, not the signals that are cheap or provide the satisfaction of having bought the most expensive thing.

Are signals worth the money?

Binary options signals can be a great help, but they also cost money. Many traders are reluctant to spend money on tools because they would prefer to invest all their money into their account balance.

To understand the value of signals, consider this example: let’s assume that signals will help you to improve your trading results by only three percent compared to what your results would be without signals. Since most newcomers have no idea what they are doing, this is a low assumption, but let’s use the minimum example. If you are paying $100 for your signals, would signals be worth the money in this case? Let’s do the math:

  • Most signals providers send you at least 5 signals per day, so let’s calculate with this minimum number.
  • Every month has about 20 trading days, which would result in 20 trading days times 5 trades a day equals 100 trades a month.
  • Over 100 trades, an added return of 3 percent per trade would result in an additional profit of 1,921 percent, or 19.21 times your original investment per trade.
  • Since $100 divided by 19.21 is roughly 5, for signals to be worth the money, you would have to invest at least $5 per trade.
  • If you can invest more than $5 per trade or if signals increase your results by more than 3 percent, signals will definitely be worth the money.

Since most brokers require a minimum investment per trade of at least $5, signals would be worth the money for all traders.

Also, you should never invest your entire account balance on a single trade but a small percentage of your total money only, never more than 5 percent. For signals to be worth the money, you, therefore, need at least an account balance of $100. Since most brokers require a minimum deposit of $250 or more, signals are definitely worth the money with all brokers.

As you can see from this example, binary options signals are worth the money for most newcomers. If you want to use signals to keep your trading simple, the math remains almost unchanged. In this case, signals might not help you to win more of your trades, but they can help you to make more trades. If you manage to place at least 3 percent more trades, signals will be worth the money for you. Since many traders that use signals to simplify their trading would get the chance to trade only rarely if they were not using signals, signals will be worth the money for all of these traders, too.

How can I test signals without risking money?

For newcomers, knowing whether they can trust a binary options signals provider is a difficult task. Signal providers are unable to tell you how they create signals, because, if they outlined their strategy on the internet, everybody would copy their approach for free and nobody would pay for it. While this approach makes sense, it also makes it nearly impossible for many traders to know whether a signal provider follows a valid strategy simply from looking at their website.

To make a good decision, there a few things you can do, though. These things are:

  1. Read our site. We have tested all relevant signal providers and listed the best of them on our site. Our reviews can help you to understand the differences between signal providers more easily and find the ideal signal provider for you. We recommend this as a first step to everyone.
  2. Test a signal provider with a demo. Most binary options brokers offer demo accounts that allow you to trade with play money instead of real money. These demo accounts provide you with the ideal environment to test a signal provider’s signals without risking any money. If you like the signals, start trading them with real money. If you do not like them, try the next signal provider. Traders that already have an account with a broker should contact their broker’s customer support and ask them how to get a demo. Traders without an existing account should try the IQ Option demo, which is deposit-free and ideal for newcomers.
  3. Make good use of your signal provider’s money back guarantee. The majority of signal providers offers a 60-day money back guarantee on their signals. If you do not like the service, you can get all your money back within the first 60 days of your membership. Combined with a demo account, these offers enable you to test signals completely risk-free.
  4. Alternatively, you can also use paper trading. If you do not like demos or if you are unable to get a demo for some reason, you can use paper trading to test a signal provider. After you have received a number of signals, check when you received a signal and what the signal wanted you to do, and then see if this prediction would have won you a binary option. Test enough signals, and you should get a clear picture of whether you would be able to trade profitably with a signal provider.

Many binary options signals providers also publish a record of all their past signals on their website. With these records, you can get a first insight as to whether you like a signal provider. Nonetheless, we recommend doing your own testing before you sign up with a broker. It is always better to be safe than sorry.

Which are the best signal providers?

Since there are fundamentally different types of binary options signals providers, it is impossible to choose a single best provider. We have, however, listed the best signal provider for each type of provider.

The best signal provider for simple signals: Binary Options Pro Signals

The best signal provider for simple signals is Binary Options Pro Signals. Sending six to twelve signals a day with an accuracy of 72.5 percent, Binary Options Pro Signals puts traders in the perfect position to make money while keeping things simple.

With Binary Options Pro Signals’ accuracy of 72.5 percent, an average payout of 60 percent would be enough for you to make money with the signals you get. Since most brokers offer significantly higher average payouts of around 75 percent to 80 percent, you should be able to combine Binary Options Pro Signals with any broker you already have an account with.

For a price of $97 a month, Binary Options Pro Signals also provides an affordable service. Even newcomers can afford to sign up with Binary Options Pro Signals, and an account balance of $500 is enough to trade profitably with Binary Options Pro Signals.

The best signal provider for complex signals: The Binary Signals

The best binary options signals provider for complex signals is The Binary Signals. The Binary Signals predicts exactly where the market will trade at a specific time and has provided signals with an accuracy of 56 percent in the past.

This means in 56 percent of all cases; you would have won an option based on the prediction made by The Binary Signals. If an asset was trading at $100 and The Binary Signals predicted that it would rise to $101 at 2 PM GMT, the asset traded at least at this price in 56 percent of all cases. That means you would have won any type of binary option that you would have traded based on this prediction.

Since you can trade The Binary Signals’ prediction with one touch options and ladder options, which can create payouts of up to 1,500 percent, winning 56 percent of your trades is easily enough to make money. When you get a signal from The Binary Signals, simply invest in the binary option that provides the highest payout within the range of this signal, and you should be fine.

Despite their accuracy and the fact that they offer complex signals, The Binary Signals was able to price their service at $97. This is considerably less than what other complex signal providers charge.

Consequently, The Binary Signals is the signal provider to choose if you want to trade complex signals. No other signal provider combines high quality with sensible pricing quite as effectively.

The best signal provider for video signals: Binary Options Trading Signals

The best signal provider for video signals is Binary Options Trading Signals. Binary Options Trading Signals streams their live trading sessions from 9:30 AM to 11:30 AM EST. During this period, Binary Options Trading Signals’ experts will create 2 to 4 trading signals and achieve an accuracy of 80 percent.

With a price of $194 a month, Binary Options Trading Signals charges about twice the money that the two brokers we recommended earlier charge. Since you get a free, high-quality coaching, this pricing is more than justified.

If you have the time to invest 2 hours each day, if you are willing to invest more to learn more, and if the timing is convenient for you, Binary Options Trading Signals is a great way to learn the basics of binary options trading while winning two to three trade per day.


For many traders, binary options signals are a gift of god. Even complete newcomers can trade profitably right from the start, you can simplify your trading, and you can increase your profits.

To get a good start, we recommend to try the signal providers we recommended first:

  • For simple signals, try Binary Options Pro Signals.
  • For complex signals, try The Binary Signals.
  • For video signals, try Binary Options Trading Signals.

By following one of our links, you will get right to the signup form of each signal provider.

That’s all you have to know about binary options signals. Enjoy the results!


Binary options signals – the complete guide
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