Best Brokers and Trading Platforms of 2017

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The best binary options brokers of 2017 | The emergence of new trading platforms or binary options brokers has been resplendent – there are currently over 400 trading platforms and several option robot providers and option signals which is a long leap from the minuscule numbers that operated when binary options trading initially began in 2008. We will help you to find the best binary options brokers .

With such high numbers, it is not possible for a single regulator to individually govern the Binary Options, Trading Software and Foreign Exchange industries. However, the increasing popularity of online trading and binary option robot has essentially led to the creation of various regulatory bodies with the primary objective to protect traders online. This objective is achieved by providing a number of watchdogs whose primary job is to oversee the best practices by brokers. Technological advances in recent years have led to a long list of brokers for traders to choose from, most of who provide traders with user-friendly platforms to trade apart from a horde of other alluring benefits.

However, traders cannot blindly trust any of the brokers when entering the trading business. Some countries, such as the United States have placed certain restrictions, and a raft of strict regulatory requirements are imposed on brokers to accept only the traders based out of the United States. Finalizing a broker based on reviews and then heading to their website with the intention to trade can sometimes lead to disappointment when you discover that traders from your country are not even accepted.

Comparison of Binary Options Brokers

The most important decision when trading in binary options is choosing the right broker to trade. It is extremely crucial to select a high quality broker (such as IQ Option) to be able to access all the benefits of the binary trading features. Various factors have to be considered in order to determine which of the top binary options dealing platforms are worthy of association. Listed below are the comparative attributes for the major binary options brokers:

  • Diverse Asset Base: There are always better prospects and more options that can help you boost your profits when you trade with many currency pairs. The number of trading options available at that juncture becomes a very important factor.
  • Binary Options Types: In comparison to mainstream brokers, the best brokers typically offer a lot more binary options variants. Features such as Options Creator, One-touch Options or even Short-term Options are crucial in attracting binary traders.
  • Depositing Options: Trading firms that accept a wide selection of deposit choices are usually easier to get started with, all the while being readily accessible to more clients. This is ideal for traders as a platform that offers better payment and cash-out options is preferable over others.
  • Financial Stability: It is definitely important for your broker to maintain a clean business standing. Well-established brokers are usually much more reliable when compared with smaller firms or upstarts.
  • Rate of Profitability: The reason why you should opt for brokers that offer higher payout rates is to make themost out of all your transactions. Considering different binary options brokers provide different values of profitability, you should select brokers with high payout rates and payment ratios.
  • Cash-out Options: It is fundamentally appropriate that brokers should be quick and prompt when making payments. Firms that pay within two days or less are often recommended.

The Best Binary Brokers Of 2017

Armed with the comparative tips listed above, you should feel completely confident to sign up with our recommended list of brokers. These brokers were tested, regulated, licensed and approved for each of the territories listed. All you have to do is to navigate to the appropriate territory, select a broker, sign up and begin trading.

Brokers Recommended in the USA

There are two regulatory bodies that serve the United States binary market: The Commodity Futures Trading Commission [CFTC] and the National Futures Association [NFA] that were established to regulate all the trading activity conducted online within the United States, including in the Binary Options field. While it is not illegal for any listed Binary Options brokerage to trade with US traders, any disputes that may arise between brokers and traders will have to be legally resolved only in the US which usually leads to substantial prosecutions of the broker, possibly resulting in hefty fines and/or penalties.

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Best UK-friendly binary options brokers

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UK traders have two great benefits – they are allowed to trade with any online broker without restrictions and being members of the EU, they are covered by all brokers regulated by the Financial Conduct Association (FCA) of the UK as well as the Securities and Exchange Commission (CySEC) based in Cyprus.

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Best Australia-Friendly Binary Options Brokers

best australia flag

Binary options trading is garnering a popular reputation with Australian brokers. This increased popularity has led to the tapping of ASIC [Australian Securities and Investments Commission] as the supervisory authority of this sector. Brokers based in or outside Australia are welcome to offer their services to traders in the country, and there are several brokers rendering fantastic offers for Australian traders.

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Best Canada-Friendly Binary Options Brokers
best canada flag

Online trading is legal in Canada and each of the country’s provinces has its own trading regulator. There is no overall watchdog to regulate trading compliance or to license brokers. Nonetheless, one that comes close to being an all-round regulator is the IIROC [Investment Industry Regulatory Organization of Canada].However, the IIROC can only set and enforce laws that apply to the Canadian securities and trading markets but not the firms operating in the online world. Therefore, trading in binary options is allowed countrywide.

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Best European-Friendly Binary Options Brokers

best europe flag

The most fortunate traders are found in Europe especially when it comes to binary options trading. The CySEC [Cyprus Securities and Exchange Commission] was one of the first regulators to supervise industry brokers. This regulatory approach also factored in the MiFID [Markets in Financial Instruments Directive] component which states that brokers licensed by the CySEC are allowed to trade in all member states of the European Union.

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Recommended Brokers in India

The Indian financial market including the trading in the financial instruments is regulated and governed by the Securities and Exchange Board of India (SEBI). SEBI formulates the governing rules for all the brokers operating on the Indian turf. Currently, there are no formulated rules and regulations for the binary options trading. So, if you are an Indian Resident then you have been presented with several choices of brokers for the binary options trading. Ideally, Indians can open their binary options trading account with any binary broker and start trading but this also makes it very difficult for you to select the right binary trading partner to start the journey.

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Binary Options Brokers in Dubai, UAE

The Dubai market has emerged as one of the fastest growing markets for the binary options broker. The Dubai International Financial Center (DIFC) which is regulated by the Dubai Financial Services Authority (DFSA) is the major regulatory body allowing financial transactions in the UAE. The financial market is further regulated by other authorities like the Ministry of Economy Planning, The Central Bank of the UAE, and the Emirates Securities and Commodity Exchange.

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Binary Options Trading in South Africa

The binary options trading is very popular in the South Africa and has seen an exponential rise in the recent times. The Financial Service regulator namely Financial South Africa (FSB) is the prime authority for the financial dealings in the region. The sub-authority under FSB, the Financial Advisory and Intermediary Services (FAISA), is responsible for all the securitized transactions including the binary options trading.

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Recommended Brokers in the New Zealand

Surprisingly the small country size of New Zealand has zero impact on the interest level of the traders in the binary options trading. As you know, the binary options trading offers tremendous opportunity for the naïve as well as for the seasoned professionals, and it is clearly evident in the level of interest shown by the citizens. In the recent past, the binary options trading has seen an unprecedented rise in the country and the number of binary traders from the country has surpassed some large countries.

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Recommended Brokers in the Philippines

Binary options trading is emerging as one of the most popular trading options in the Asian countries and specifically in the Philippines. Though there aren’t regulations like developed nations, there are rules and regulations in place in the country to safeguard the trader’s interest. However, you might have some unanswered questions like is it legit? Can I trust the brokerage house? Which is the most suited broking company?

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Binary Options Brokers in the Malaysia

The Malaysian financial trading community is protected by the two government agencies, the Securities Commissions of Malaysia and Bank Negara Malaysia. As with other Asian countries, the binary options trading has emerged as one of the most popular choices of trading financial assets. However, our research suggests that there is no binary options broker originating from the country. Currently, the binary options brokers have targeted their focus on the European Union and the Australian region. The unavailability of originating brokers has not stopped the traders from trading in the various binary options.

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Binary Options Brokers in Russia

Russia has emerged as one of the fastest growing binary trading community in the world. The laws of the land allow the Russians to enroll with binary brokers and trade, and this has been captured in essence by established players through offering their website in the Russian language. This makes it very easy for the naïve as well as seasoned professionals from Russia to trade and profit.

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OptionRobot Broker Review

optionrobot

For many traders, finding the right broker is of utmost importance. Finding an automated broker with proven signals and a high winning rate is almost godsend. If you have been on a lookout for one without success this far, you are currently at the right place. Option Robot is relatively a new broker though it is not easy to tell judging by its popularity among both experienced and inexperienced traders.

Vastly different from an ordinary broker, Option Robot is a fully automated trading system and you don’t need to possess any previous experience in Binary options to join the game and start earning. With a completely secure and accredited banking system, you can be assured that your money is safe at all times. Also, the fast withdrawal processing ensures that you get your money when you want without any additional hassles. As you read further, you are about to find out that there is much more to this exemplary broker-cum-trading software.

Signals

The Option Robot has some of the best and most accurate signals you will find in any broker. It is known to generate trading signals with proven winning rates of above 83% – which are then used to place trades on your behalf depending on the settings and preferences defined by you.

With signals this accurate, you can be assured that all your trades almost always expiring In the Money despite the limited market experience you may have.

Trading Systems

Option Robot offers 3 binary options trading systems to help you manage your investments as per your preference.

These systems made available by Option Robot are:

Classic System:This is regarded as the safest and most secure system with the least risk. With this system, the investment for all your trades will be equal. While it may seem favorable due to low risk, it should be noted that the profit margins are also limited.

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Indicators

With Option Robot, there is no shortage of indicators to choose from as several of them available as listed below:

  • Trend
  • Stock
  • Williams
  • MACD
  • RSI
  • CCI

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Contact

For any questions and/or inquiries regarding your experiences using the system, you can get help by sending an email to contact@optionrobot.com and an Option Robot agent will get in touch with you at the earliest. However, the response may not be as quick as you need it; presumably due to the large volume of emails they receive every day.

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Getting Started

Opening an Option Robot account is a simple process that will take just a few minutes of your time at the most. To sign up, click our Open FREE Account button and select the Join Now tab to start the process. You will then be required to provide your personal details like name, email, phone number and country of residence – that’s all!

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Conclusion

Option Robot, founded by professional Forex and binary options traders is surely an industry game changer. It significantly takes away the need for experience or knowledge of charts and trend lines making it a popular choice for new traders who form the majority these days.

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Get the Option Robot for free by clicking on the button below and start trading instantly!

AutomatedBinary Broker Review

Automatedbinary software is the newest in the market and a lot of people are curious to know if it is as trustworthy as it looks or if it is another of those fraudulent sites found abundantly. It is not every day that we review new software as most of them are outright scams anyway. However, in the case of Automatedbinary, a full review was very necessary to clear the air considering that public opinion is somewhat divided.

automated binary money management

Brief overview

Automatedbinary is an automatic trading software which collects market data, analyzes it, generates signals and executes trades on behalf of the trader. The software uses a great variety of indicators, which are very popular in other financial markets, to produce trading signals. Looking at the verified ‘In The Money’ trades percentage which is 81%, we can say that this attention to detail in the generation of signals works perfectly well.

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A $50k Demo version

While it is always a good idea to sign up for the real account and start trading right away, it may not really appeal to everyone especially if the software is new, like Automatedbinary. Thus, to help traders acquaint themselves with the software and to help amateurs acquire some trading practice with no monetary risk, Automatedbinary offers a simulated or demo version. This version is free and open to all; every trader (even a non-trader) who signs up for it gets $50k virtual cash to invest. This money comes with no restrictions – well, apart from the very obvious no withdrawal policy – and can be traded in whatever way the trader wishes.

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Market indicators

Automatedbinary generates signals based on the following market indicators:

  • Trend Indicator
  • MACD
  • CCI
  • RSI (Relative Strength Index)
  • Williams Indicator
  • Stochastic Oscillator

Each indicator is good on its own but works better when combined. This is because each has its own shortcomings and combining several, and even all of them, makes up for any shortcomings. In addition to that, combining all the indicators will produce strong and top quality signals which will lead to higher success rate.

Trading methods

Another special feature of Automatedbinary.com is that the robot’s trading modes are tailored to every trader’s likes and preferences. As such, there is the Classic method, a favorite of newbies mostly because it carries lower risks and guarantees consistent wins although with lower payouts. Then, there is Martingale, sometimes referred to as the Compound method, which keeps on multiplying the investment on every trade after a loss until a successful trade occurs. This method is regarded as the most profitable but comes at a higher risk of losing all the investments. The last method is the Fibonacci, which is based on mathematical patterns built around the idea that market trends keep repeating themselves over time.

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Getting started with Automatedbinary

Getting started with Automatedbinary.com is extremely easy. After navigating to the website and clicking on the sign up tab, you will need to provide your name and address (both phone and email). Next, you will have to create a password and customize your account. To begin trading, you must select a broker; use the links provided to get to the broker’s site and open an account. You will be able to trade after making a deposit and clicking on the Auto Trade function. However, you don’t have to start trading right away and instead, head to the demo version first.

Conclusion

When it comes to the conclusion, the logical question is whether Automatedbinary a scam. Being a new system, we can’t really confirm that it’s completely legitimate but from what we have seen, heard and experienced, the software is as real as they come. For lovers of short term options, Automatedbinary has quite a lot to offer. Those who prefer long terms options too are bound to be benefited. The listed brokers too are quite good. Very good in fact! Renowned brands like Stock pair, BinaryTilt and Binary among others make appearances here.

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Get the Option Robot for free by clicking on the button below and start trading instantly!

Finpari Broker Review

finpari binary trading

It is no secret that the binary market has been experiencing a massive growth over the past few years. This cut-throat competition has made it really difficult for new brokers to make establish themselves as major industry players. Breaking this mould, though new, Finpari has created waves in the brokerage platform.

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Background Information

The company is owned and operated by LeronaImpex, a financial provider whose headquarters is located in 306 Premier Building, Albert Street, Seychelles. Since inception, Finpari has exhibited exemplary quality in its services. As a result, in has won a number of awards like “Best Binary Website 2014 & 2015” and Best Finance Website 2016.”

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Trading Platform

A review about Finpari won’t be complete without mentioning the overall trading platform that has been flawlessly designed to meet the needs of various types of traders. There’s a saying within the binary market which states that you can tell a good broker by its trading platform. This is one of the biggest strengths of Finpari. Powered by SpotOption, Finpari offers a top notch trading experience.

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Available Options
  • Standard options:It simply allows traders to predict whether the price of an underlying asset will go up or down within a specified period of time. Standard options expire with a payout rate of 83%.
  • Pairs:This option allows traders to compare two assets and eventually pick out a single winning asset.
  • Long term assets: These are ordinary trading assets; the only different aspect is that they have a longer expiry period.
  • Sixty Seconds: Again, the difference here is in the expiry period which ranges from 60nano-seconds to 5 minutes.
  • One Touch: This is the highest yielding option with a 500% payout rate. Traders are supposed to predict whether an underlying asset will touch a predetermined level.
Account Types and Promotions

When you open an account initially, you will be welcomed with a bonus promotion that ranges from 20% to 100%. The first three trades are also offered within a risk free policy. Another promotion that traders need to look out for is the Fixed Income Account. This is a novice account that offers boundless opportunities. Other trading accounts include:

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Mobile Platform

Investors who want to trade on-the-go can utilize the mobile platform. Finpari is compatible with both the Android and iOS devices. The mobile platform comes loaded with features like regular binary options, one touch and the 60 second options. It also features relevant chats and a portfolio that allows investors to view their trading history.

Getting Started With Finpari

If you want t be part of this impressive platform, all you need to do is fill some basic information such as name, email address and preferred currency. If you do agree with the terms and conditions stated by Finpari, you are good to go.

Those who are not conversant with trading options can take advantage of Finpari’s education center. Their education facility features helpful video lessons that are extremely versatile.

Final Thoughts

From their professionalism to their wide range of services, there is no doubt that Finpari is emerging as a major industry leader. If you’re looking for a broker that will offer you an exceptional trading experience, Finpari is your go-to service provider. Thumbs up Finpari!

Binary Option Robot

robot dashboard

In the binary options marketplace, the broker is one of the most essential players. This is because brokers hold the trading accounts of traders and they are responsible for the provision of signals, handling deposits, making payments and generally looking for the best solutions in the binary options marketplace to allow the trader to maximize his profits. Binary Option Robot is the leading broker in the binary options business today and this is why:

1.Rate of return: Why do traders venture into the binary options marketplace? They are looking for ways to make the highest returns from the lowest investment. With Binary Option Robot, this expectation is met as a broker can achieve the best rate of return in the binary options business today. With a proven 83% return on investments, traders who retain Binary Option Robot as their preferred broker have every reason to be proud. This is because they are receiving the highest ROI from their investments as compared to other brokers in binary options trading.

2.The trading platform: Binary Option Robot is an advanced trading platform which is user friendly and matches all the expectations from a top broker in the industry. Using sophisticated algorithms and professional traders who analyze all the market data available on various trading assets and indices, Binary Option Robot provides signals of the highest quality. These signals are what actually help traders to make winning trades. With an accuracy rate exceeding 80% all the time, you can be assured that 8 out of every 10 trades you make with this broker will all be winning trades. This is what makes Binary Option Robot the leader in this field.

3.Trading assets:Binary Option Robot does not limit the assets you can trade with to a selected view. With this broker, the range of assets you can trade with is quite wide. Whether you want to trade in currency pairs, commodities, stocks or indices, Binary Option Robot has a wide variety of each which translates to the fact that you will always find your favorite assets on every trading session. This allows you to maximize the trading opportunities that come with your favorite assets.

4.Customer support:At Binary Option Robot, customer support is taken very seriously. They recognize the fact that the satisfaction of their clients is an integral part of the success of both the trader and the broker. For this very reason you can be assured of receiving the best support in the business as a trader. With a support system that works all around the clock, you will have the channels of phone, live chat and email all open and ready to respond to your queries.

5.No downloads:Binary Option Robot does not need you to download software that needs to be updated time and again. The system is completely web-based – you log in from your browser from anywhere and you are ready to trade. This saves lots of time apart from relieving you off the worry that the software may become outdated while you are still trading which may make you miss out on new features. This system is constantly being upgraded and every time you log in, you can be sure that you will be trading on the current update at all times.

6.Bonuses:Trading with binary options is not so tricky. When you have a broker like Binary Option Robot, the more money you have to trade with, the higher are the profits. This becomes even better with all the bonuses that this broker provides. The joining bonus as well as other varied bonuses that you will be given once you start trading are added benefits. This increase in trading deposit will only mean that you will be making huge profits all the time.

7.Training and technical tools:Every good broker offers to traders the most advanced technical tools to aid them maximize their profits. Traders who have Binary Option Robot as their broker can utilize tools such as trading charts, asset information, and many more technical tools which shall enable them to have the best trading experience. At Binary Options Robot, traders will also have the opportunity to transform themselves into better traders as they are provided with the best training tools in the market. These include eBooks, webinars, videos, trading charts, and manuals.

8.Compatibility with modern devices:Gone are the days where you had to be seated in front of your personal computer at home or at work to carry-out trades. Today, any broker worth his salt will have his system operating on all modern devices. Binary Option Robot’s software is compatible with your laptop, tablet or smart phone. You can trade anywhere and at any time, as long as you have an internet signal.

Get the real robot – binary option robot for free by clicking on the picture below and learn how to make money while you sleep!

24Option Review

top5 24option

Of the many brokers in the online forex and stock markets, 24Option is one of the most respectable establishments. Their reputation spans global traders form all over the world operating trading accounts with this broker. This elevated stature stems from their good service as well as from being one of the most proactive brokers you will find today. Additionally, they are preferred by many traders due to the many incentives that they offer to their account holders.

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New Technology

The nature of modern technology demands that all services offered by binary options brokers and indeed all binary options players are made available on multiple devices with the same level of quality and accessibility. 24Option is not lagging one bit in this department. Their website is fully optimized for all mobile devices including smart phones and tablets. This allows traders to conduct their traders on-the-go rather than having to be physically seated in-front of their PCs as was the case previously.

What Types of Trades are Offered by 24Option Brokers?

24Option offers to traders’ 4 options to choose from. These trades are as listed below:

  • One Touch binaries:Here you will find Touch/No Touch trades and High Yield Touch Binaries
  • Classic Binaries:Here you will find predictions that are of the high/low and above/below kind.
  • Boundary Binaries:The trades here are of Standard Yield and the High Yield Boundary Options
  • Short term binaries:These are the trades with the shortest expiry periods which will be between 30 seconds and 5 minutes.

24option juventus

Account Opening at 24Option

A minimum deposit of only $250 is needed to open an account with 24Option. The entire process takes just a few minutes. You will need to fill a form with your personal details and make the deposit. You can then start with your demo account immediately to gain a trial experience of the system before trading with actual funds.

Trading Accounts at 24Option

There are 4 different accounts:

  1. The Standard Account:Here, a trader will not have any restrictions on the type of assets he wishes to trade in. There is prompt customer support all round-the-clock and the maximum payouts are pegged at 83%.
  2. The Gold Account:This one comes will all the benefits accruing to the standard account. Additionally, Gold Account holders will enjoy one free withdrawal per month and can earn an extra 2% over and above their investments.
  3. The Platinum Account:Apart from the benefits earned in the Standard and Gold accounts, Platinum Account holders will earn a maximum payout of 89%. They are also provided with four withdrawals without additional cost every month.
  4. The Diamond account:This account for high-end traders has accumulative benefits of all the other accounts listed above. Moreover, the account attracts an extra 6% on each trade plus unlimited withdrawals at no additional cost.

24Option’s Asset Index

You will not find a more populated list of assets that you can trade with in all of the binary options industry than the list available through 24Option. Traders have a choice of over 100 assets to trade with. This implies that traders with all sorts of assets and trade preferences have access to a wide pool of assets to choose from.

Traders can expect maximum payouts with 24Option brokers. This is the highest by far in the market. Additionally, there are 15% rebates on money investments.

Customer Support at 24Option

This broker has invested highly in terms of systems and personnel to ensure a high quality of customer support in terms of promptness and content. Traders can avail support in almost up to 17 languages, 24 hours a day. Support can be accessed via live chat, email, and telephone which includes local numbers as well as toll-free

24Option Trading, Pros:

  • High experience: Has been trading since 2010
  • Regulated and licensed by CySec.
  • Great client services
  • Benefits and incentives like competitions with cash prizes
  • Demo account
  • Multiple assets

24Option remains the leading broker in the binary options market and traders continue to open and maintain accounts here as they have multiple gains to earn from this broker.

AnyOption

best anyoption

Another excellent binary options trading site is the very user-friendly AnyOption. When you want to trade any kind of binary option or transact forex related trades, this firm is highly recommended due to the benefits and features on offer. A subsidiary of AnyOption Payment Services Ltd, this trading firm was launched in 2008 and by then, it was already becoming a pioneer in the binary options market. The firm is based in Cyprus and it is powered by a proprietary platform through which clients can trade.

Binary Options Trading

AnyOption site comes with in-depth and informative guides that will help you learn how binary options trading works. The firm offers four types of trades, and these are:

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Deposit and Withdrawal

The minimum deposit that you are allowed to make in AnyOption stands at $200. There are various methods to deposit and they include bank wire, credit, and debit cards, Skrill, plus a range of domestic payment methods. Traders can register for

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Tradable Assets

All the major assets are covered by AnyOption under various categories: Currency Pairs, Commodities, Indices and Stocks. Indices are especially strong with all major exchanges. Additionally, there is a multitude of niche indices to improve your

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Other Services

If you are looking for a full feature mobile trading application that is compatible with both Android and iPhone, and one that will allow you to trade from anywhere in real-time, then look no further. AnyOption offers you this mobile function, which

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IQ Option

IQ Option is a newly established binary options broker based in Cyprus. The firm is owned and operated by a holding company known as Investlab Trading Limited. Investlab Trading in turn operates a management company known as Infofield Premier Limited, which specializes in providing binary trading services to the Russian market in a “no frills” method. With platform powered by proprietary software, you can earn high profits of up to 93% on your investment portfolio in a matter of minutes. Besides the high returns on offer, you are also granted the opportunity to win attractive prizes, which range between $250 and $500 in the trading competitions organized by the firm.

Trading Platform

IQ Option operates a proprietary platform that significantly differs from other generic platforms that are used by many binary brokers. For one, you are able to select assets by the way of a tab system. There are more assets to choose from which you can view via the drop-down list.

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Unique Feature

One key feature of the trading platform operated by IQ Option is that it gives you the ability to make several different trades right on the same chart. This is a highly useful component especially when you want to utilize trading strategies like the ‘Fence’, considering the fact that you are easily able to view your purchases against the lows or highs of any other underlying assets.

Trade Types

Currently, you can only trade with classic High/Low binaries in IQ Options, but you are allowed to decide if you want to trade faster or normally when using the Turbo trade feature.

Trading Accounts and Bonuses

The choices of trading accounts in IQ Option are somehow limited because, as it currently stands, you have two types of trading accounts at your disposal, namely, Normal Account and VIP Account.

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Asset Index

The trading contracts on offer may seem limited but the range of assets that you can trade is quite extensive. There are around 76 different types of assets, many of which are very popular stocks, such as Google and Apple. As a trader, you can

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Binary Options Trading Basics

The end of the article covers the basics of the binary trading, it is highly advisable to go through it before commencing the trading. The core of this article is to acquaint you with the fundamental aspects of the binary trading.

What Are Binary Options

In laymen’s term, the binary options are nothing but a financial contract which has a fixed risk – reward. In other words, the amount of investment per trade is your risk while the reward is the payout offered on the specific asset after the expiry of that contract.As a trader, you select whether the underlying

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What Are The Key Components?

There are three key components in any binary contract: expiry duration, strike price, and the payouts. The expiry duration is the predetermined time at which the contract will cease to exist. In other words, the time between purchasing a contract and the closing of contract.

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What Are The Available Assets Types?

The binary options trading which started with only currency pairs for the trading has now come a long way. As of now, the binary brokers cover the entire gamut of assets including forex, commodities, stocks, and stock market indices.This gives power in your hand to select the

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What Is The Average Trading Time?

In the binary arena, the trading time is predefined and predetermined by the broker. As a trader, you are allowed to select your preferred expiry duration. Typically, the duration offered ranges from 60 seconds to few minutes to few hours, and from few hours to several days.

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What Are The Common Option Types?

This is the most common option type which simply requires you to predict the direction of underlying assets. You are required to predict whether the assets price will close higher than the strike price or lower than the strike price. These options are also known as the “call” and “put” options.

This is another common option types wherein the trader is asked to predict whether the underlying asset will reach the broker defined price during the expiry time. The ceiling prices for the touchdown are defined by the broker and is readily available before placing the trade so that you have enough time to research and predict.

As the name indicates, the boundary or the range is predetermined by the broker, and you just have to predict whether the underlying asset price will close outside the boundary or inside the boundary.

Binary brokers offer variants of the above common options types along with some very fancy and complex option types like Ladder having payouts as high as 300 % (the payouts varies from broker to broker). The payout increases with the complexity of the option types and when the prediction is hardest to reach.

Which Options Should You Choose?

Obviously, the final decision of selecting the option types rests with you but we will aid with the outline which one should consider before making the final call.

The first and foremost thing which should be consider is the level of experience you have. If you are a seasoned forex trader than you will be able to adapt to binary trading in no time. But if you are absolutely naïve to any kind of trading, then you should only start with the simplest option type to start and then move the hierarchy as you gain the experience.

Are you the one who gets impatient early? Do you love day trading? If answers to these questions are affirmative then you should select shorter expiry, otherwise select the expiry which suits you the most.

This is very generic term as everyone wants to make money through trading. The goal here means that how much you want to make in what time frame. For example, some of you might prefer to make $ 500 in a week while some would prefer to make it in a day. The goal will guide you to what asset to select and what expiry duration would be more suitable to your goal achievement.

As discussed earlier, the decision of selecting the option should be in accordance with your preference, but the above parameters will help you choose the most suited option types to suit your needs.

Tips For Choosing a Binary Option Trading Broker

The binary trading has come a long way since its inception. The exciting times have just started as the binary arena continues to add traders at an exponential rate at the same time there are several brokers who have come to the foray. The enormous choices offered by the several brokers makes it difficult for the naïve trader to select the most suited trading partner, and also, to stay away from the con-artists at the play.

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Promoters

We firmly believe that “A bad tree does not yield good apples”, and it is specifically true when it comes to the promoters of the binary website. If the promoters of the binary trading website are hiding information or there are no information regarding the registration details about the promoters or the promoting company, then consider this as the first warning sign.

Platform

Once you are sure about the promoters, go ahead and check the platform and the website. The most professional and transparent website should have higher score compared to the website which is hiding important information & it looks unprofessional.

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Demo/free account

Several binary broking site offers a demo/free account to test their platform. As a trader or investor, you should utilize this opportunity to test the platform before opening a real-money account. The demo accounts are provided so that you can get a feel of the software along with allowing to test your strategies before committing real money to a particular trading strategy.

User Interface

The professionally developed software provides simple yet intuitive user interface which saves time and energy in learning the website and placing the trade on the platform. The selection should be based on the amount of time required to grasp the platform usage, and the platform taking a longer time to learn should be given second preference.

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Technical Indicators

Some binary brokers assist the traders with real-time charting and plotting of technical indicators. Also, there are some brokerage houses which provides signal services along with the manual and the automatic trading options. You should select the broking website which best suits your requirements.

Bonuses

Almost all the binary brokers offer a deposit bonus ranging up to 100 percent and in some cases even higher. Though the higher bonuses are welcome, you should consider a number of bonuses you are getting on an initial as well as consequent deposits.

Payouts

Higher payout means that the chance of making handsome profits are higher on winning trades. However, that does not mean that you should select the brokerage house based solely on the payouts, you should consider various other factors like whether the website allows you to close the trade before expiry or not, what are the payment options, does the website has robust customer support in place, and how the website scores on various parameters listed in this article.

Banking

This is also a crucial parameter to consider while making a choice. Various deposits and payments options are offered by the binary brokers and you should select the partner which best suits your requirements.

The binary broker requires you to deposit minimum amount ranging from $ 10 to $ 250 and you should consider the one which is most suitable to you.

Assets

The binary brokers offer several assets for the trading including currency pairs, stocks, indices, and commodities. The number of assets available for trading differs from platform to platform, and your selection should be based on whether the asset you desire to trade is available or not.

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Customer Support

This also forms a part of the selection criteria, as robust support system ensures that all your queries and complaints will be addressed in a timely manner. There are various ways in which the broking houses attempts to address the complaints which include web-forms, e-mails, phone, live chat, and social media options. Your assessment of the customer support should be based on your preferred method of communication.

Multi-lingual

This may not be a very critical parameter for everyone, but it can be for non-English speakers. The global nature of the binary trading has prompted the promoters to offer their platform in several different languages, and the selection should be based on your preferences.

Conclusion: Choosing a Broker

The parameters discussed above should be used to evaluate various binary brokers. Even if, all the platform provides the same binary trading options, they will differ in their various offerings like bonuses, payouts, customer support, transparency, the number of assets, option types, expiry durations, deposits and

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References And Further Reading

Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.

3 comments

  1. Great recommendations! I wanna thank you for your reviews. I first started trading with the option robot 7 months ago and made quick 2000€. Then I started to study binary trading more throughly and have now earned almost 7000€ from iq option, hope my good streak will continue, thank once more!

    1. Thank you for the feedback. We will do our best to keep our number one position as the most reliable binary options websites there is. Keep up the good work and I'm sure that you will earn even much more in the near future!

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