Tips to Find the Best Binary Options Brokers

With the potential of earning big money, binary options trading has taken off in a large way all around the globe. From a handful of binary options brokers in 2008, we have about hundreds of them available currently. You will be entrusting your money to a broker to carry on the trade. Hence, it is extremely important that you identify the best binary options brokers from the other small and unreliable ones.

The trading of Binary Options first commenced in 2008 at the Chicago Board of Exchange. Like the name suggests, Binary Options, are derivative contracts with only two possible outcomes at the expiry of the contract i.e. you receive cash/ asset if the contract is ‘in the money’ or nothing otherwise. For example, suppose you buy a call option of ABC Ltd.’s share at a strike price of $30 and a binary payoff of $300. If the stock price is above $30, your contract is ‘in the money’. By ‘in the money’ contract, we mean that you are in a profit situation as you can buy the stock for the strike price of $30 and sell it at a higher price (the current price) and make a profit. In such a scenario, in a binary option contract, you receive a fixed binary payoff of $300. In every other scenario, you receive nothing and lose the purchase price of the contract. The underlying asset can be stocks, indices, commodities and currencies. Making consistent profits out of trading in binary options depends on the accuracy with which you can predict asset movements over the term of the contract.

Following are some important tips for narrowing down your search to the best binary options brokers:

• Choose a regulated broker: A regulated broker is the one which has obtained a license and is governed by the concerned regulatory authority. Choosing a regulated binary options broker will benefit you in many ways such as, payment protection in the event of the broker’s insolvency, proper usage of funds and authenticity of the contracts.

• Access: There are some brokers who prohibit US investors from trading in binary option contracts. If you are a US investor, you will want to check this first before proceeding to evaluate the broker on other parameters.

• Track Record: Choose a broker with at least one year of reputable dealings. Avoid opting for new brokers. The more experienced the broker, the higher will be its credibility as it has been able to survive in this industry.

• Reputation: Before selecting any broker, make sure to check the user reviews/ complaints which will give a fair idea of the reputation of the broker. Pick the broker who has good reviews and fewer complaints.

• User Interface: Since all your transactions will be online, become familiar with the interface of the broker’s website. Easy to use and navigate interface will simplify things and help you take investment decisions easily.

• Number of Options: There are a number of option variants including 60 seconds options in which the option expires after very one minute or One Touch binary option in which you have to predict whether the asset price will at least once cross a pre-determined price during the life of the option. Brokers offering a higher number of option variants are beneficial as it opens up more earning opportunities.

• High Payouts: Higher payout means lower commission to the brokers and obviously higher share of profits to you. Most brokers generally offer 80-85% payout in case the option is ‘in the money’. Some brokers offer 10-15% payout even if the option is out of the money. Choose brokers with favorable payouts.

• Banking options: Since derivative contracts are all about ‘timing’ it is essential that the broker offers you fast and a range of deposit and withdrawal options.

• Customer Service: Fast and prompt customer service is a big advantage for a newbie trader. Test the broker’s customer support with certain pre-account opening queries. Also, a demo account offered by a broker reflects its emphasis on superior customer experience.

• Terms and Conditions: More often than not, unfavorable terms such as higher withdrawal limit are hidden in the fine print of the terms and conditions. Read them in detail before commencing trading with the broker.

It is important that you spend some time in choosing your broker. The above checklist will help you choose among the best binary options brokers in the industry currently.

Which Is the Best Binary Options Broker of Them All?

The Best Binary Options Trading Websites

When you commence trading on all these thrilling options, it will be necessary to choose a broker who will provide you with a fast and simple way to trade. The top brokerage firms specialise in different areas, which could include having one of either a big or small selection of trading options. Any broker worth talking about out there should include the following basic options:

• Analysis of price movements in the market

• A Choice of Stocks, Commodities, Forex and Indices

• Signals Tools

• Memberships that fit in with your trading requirements

Reputable online brokers are also known to offer an archive of study materials including ebooks and videos. Though it can be helpful to have a wealth of educational sources to get stuck into it is not the sign of a better broker.

Please consider that binary options are not like trading on the stock market. In the binary market traders are not buying any assets, but instead predicting asset prices. This is why this strategy is so popular.

Investigating which is the best binary options broker for you is a must so if a broker seems to be unnecessarily complicated or tells you to study charts and graphs for hours on end before you start then take a look at a different one that’s simpler to get going with!

Choose The Best Broker for You

Because you can find a plethora of binary options brokers online, it can be difficult to find one to suit your budget and experience level. To aid you, browse through a few reviews of some of the standout trading setups in the industry, including some of the features that each one offers. We consider this to be vital to your comprehension of what separates the best binary options brokers from the worst so that you can be more confident before you begin to invest your own hard earned money.

Every broker offers various assets. Make sure that you work with an asset that you are both knowledgeable of and confident enough to predict the price fluctuations. Having lots of assets is a not a bad thing, but if you are going to only trade on a small number of assets it’s not important if the broker has a thousand others listed on their site.

Below are a few additional useful points that you should think about when you are considering which is the best binary options broker:

• Withdrawal Speeds – even if you are racking up a huge portfolio of great investments, if you can’t access your returns – what is it all in aid of?

• Stable Interface – with no spreads and no time delay. Watch out for brokers that are fixing the price feed in their favour – they do exist. so be wary.

• Customer Service – must always be readily available during trading times.

These are three of the most important factors that help outline the best binary options brokers. Only brokers that stick to all of these requirements should be taken into consideration. As well as looking into our own experiences, these are also the opinions of professional traders.

Yet when all is thought through, be reminded of the following: we have yet to come across a method of trading that has a 100% success rate, so be prepared for the fact that you will not achieve a return on every one of your trades; you should try to spread your chances so that you have more winning than losing ones.

Binary options trading is a game of probabilities, which means that you need to balance the risk and try to keep the odds in your favour.

Ensure that you have researched your asset and how you are going to play out your game plan and you will see good results. Be sure to test out your method to understand whether you have prepared enough- only then should you start trading binary options with real money.

Pointers To Help Select The Best Binary Options Broker For Your Forex Strategy

Forex trading has grown in popularity due to its ability to garner huge returns on low investment. For a small volume trader or an individual trader, access to sophisticated signal provider or expert tips may not be always possible due to the prohibitive cost involved in getting that level of service. In this context, A Forex binary option broker can play a pivotal role in helping the small trader get a fixed high yield return. The process involves trading on the binaries exchange with the major currencies in the play. However, selecting the best binary option broker can be a daunting task and the following pointers will help you in making an informed decision.

1- Level of customer service- The most important factor to consider is the depth and the quality of customer service offered by the firm. A good firm must provide a responsive customer service with features like live chat, telephone access and other such services. Additionally, customer training with the basic educational tools can go a long way in helping you kick start the process. Getting access to a free trial or a test run, along with support available in multiple languages is a good feature to keep in mind.

2- Set-up- It is important to choose a firm that operates very professionally and caters to both professional traders as well as amateurs. The technology needs to be updated with an intuitive interface as well as enhanced features available at one click. This helps in making the end user experience simple and hassle free, while helping a newbie to get comfortable faster. Having a real time capable web based dashboard, helps in the investor making a reference check on the status as the day goes by. You may want to check on availability of trading or checking in as you move via your mobile or tablet. The seamless integration in this highly digital lifestyle that we lead is imperative.

3- Security- As the world grows more dependent on the digital way of transacting, there is an increased c chance of a cyber attack by hackers who can steal confidential and financial information resulting in a huge loss. It is important for the broker to create a secure trading environment for his customer. Having updated protection software with the timely reviews on the threat parameters is required.

4- Ethical practice- A customer can only gain and have a good experience if the binary broker is honest and transparent about what is going on with the investment and his policies. The firm must provide timely performance updates as well as maintain confidentiality of the client completely. Having the required license and other updated paper work essential to carry on this broking service is a must.