Banc de Binary vs 24option
There are well over 400 brokers on which you can do your binary options trading. That is a lot of sited to choose from, which is never a bad thing for an online trader. Of these sites you will find some that come highly recommended and some that do not have such good reviews.
Most people trade to improve their financial position in life. It’s always nice in today’s tougher economic times to have a second source of income to help in times of financial emergency and to give you a little peace of mind. In order to that with binary options trading, you must use one or more websites that give you all the information you need to trade and then make it easy to do so.
Which is the better choice? Let’s compare Banc de Binary brokers and 24Option and then you can decide for yourself.
Most traders would give the edge when it comes to being properly regulated to Banc de Binary. The strict regulatory agencies that oversee Banc de Binary trading platform help it to avoid some of the standards and payout complaints that 24Options sometimes receive. 24Options is considered to be the best online broker in the UK, but Banc de Binary brokers leads them in global popularity.
Bonuses and Rewards
Banc de Binary has also been a leader when it comes to online brokers offering a large number of unique bonuses and rewards. It never hurts to get a little extra something to help stretch your investment dollars a little further. The general rule is, the more money you deposit in your account when you open it, the higher the bonus will be that goes along with that.
Both online brokers use popular software on their websites to help you place your trades. 24Option uses a software platform called TechFinancial. It’s a good program, but it has a major drawback in that it does not work great on some mobile applications; it is best used on home computers. Banc de Binary use the popular software platform called SpotOption, which tends to run much more seamlessly when used as a mobile app.
Banc de Binary also offers the ability for you to have a demo account with which to practice your trading and learn how to use the website. It is these types of things and those that we mentioned above that make Banc de Binary a smart choice when it comes to choosing an online binary option broker to place your trades.
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References and Further Reading:
1. Do Reuters spreads reflect currencies’ differences in global trading activity? (P Hartmann – 1998)
3. A Forex trading system based on a genetic algorithm (L Mendes, P Godinho, J Dias – 2012)
4. Autonomous forex trading agents (RP Barbosa, O Belo – 2008)
5. Designing a hybrid AI system as a forex trading decision support tool (L Yu, KK Lai, S Wang – 2005)
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