One of the most well-known binary brokers, AnyOption, recently improved their website privacy and security by implementing a new interesting feature. Keesing Technologies developed “AuthenticScan” system specifically to solve those issues. Implementation of this innovative technology novelty makes every feature of AnyOption safer for its users.
This is not the first time AnyOption uses innovative technologies to improve the experience of its users. Only last year they developed the famous bubbles trading. This time, they went even further and tackled issues that have crucial importance to its users. Now, traders are operating in an encrypted environment and can transfer all their data in conditions that are controlled by the system.
Request to take measures for improving security in the binary industry have been voiced frequently in the last few months by regulatory bodies. AnyOption reacted to them very quickly. As a result, traders don’t need to worry about their personal data or financial information anymore.
How does “AuthenticScan” work?
The “AuthenticScan” system is used for different types of authentication. They include passports, IDs, official documents, etc. It works very fast and in just a few moments determines whether the document is authentic or not. Many institutions that have requirements for security are currently using this system.
In the binary industry, it sometimes happens that unverified documents are used or data stolen. AnyOption, among other responsible brokers, made sure they provide safe environment for their traders.
Trade and win Italian Grand Prix tickets!
There are always some interesting competitions with AnyOption. Now you can participate and win tickets to Italian Grand Prix!
The main prize includes round trip to Italy, room in a luxury hotel and premium tickets for the event. It will be awarded to the trader with the highest number of successful trades in the period from 1st of August to 23rd of August. Traders wishing to participate in this competition have to meet the minimum amount condition. But tickets is not the only prize! Apart from this, participants can win Apple watch, laptop or an Xbox.
There are some conditions for participation. No withdrawals are allowed during the competition, and doing so will automatically disqualify the trader. The minimum investment is $25 in the first week and is increased by $25 every following week, thus making $100 minimum trade in the last week.
AnyOption is a highly reliable broker that is recommended by many traders. They constantly working on improving their user experience and securing the best possible way of trading.
Daria Glazko, VIP management supervisor, Russian-speaking department
Occupational time at the company: 1.5 years
Education: Media and Communication
Why binary options?
I was educated in Vilnius, and chose a speciality in Media and Communication. I have always been interested in the world from a process-oriented point of view: politics, communication, macroeconomics, how finances flow, what influences the value of raw materials, and how price forms in general. I think that all these questions led me to financial market.
How did everything begin?
I admit that initial communication with traders was difficult. They were afraid, tried to end conversation swiftly, barely shared their experience and plans. It sounded like they feared me. Substantially that was true. It turned out that traders were very tired of numerous calls from their other brokers, they were tired of having their money coaxed out of them, and endless stories about “wonder-shares” that are guaranteed to skyrocket in price. My sincere interest in their opinions, saying things like “Please tell me whether you have any questions,” or “What do you like in our platform, and what do you dislike?” – just confounded them. And we wanted to get their feedback, help our clients, and become a better company at the same time.
Our goal was to provide maximally comfortable conditions of trading all around the world, and that is why the VIP department began to develop rapidly.
What qualities should a manager have?
The secret of high quality client service lays in the ability to see the human, not the client. We all have people that help us and support us, that are cheerful and interesting, that share experience with us, that teach us – these are our friends. We choose them. We follow exactly the same approach when we take an employee to our team. First and foremost, he should be an active and concerned man. Traders certainly feel this approach, as building up a business is much simpler when you trust the people you work with, no matter what the occupational field.
What do IQ Option do? What do IQ Option not do?
IQ Option has no sales department, but does have a VIP department.
We help clients with tutorials, we are glad to discuss fundamentals of the service and technical analysis with experienced traders, we take joy in the success of our clients, and we do thorough analysis of non-succesfull trading, proposing solutions for adjustment.
We welcome independent trading. It is your money and your decision how and when to trade. Our managers don’t offer trust management and don’t sell magic “wonder-signals.” If you receive a call where someone asks you to place money on a deposit and promises to trade for you and earn millions – I’ve got bad news for you. Swindlers now have your phone number, so please be attentive and do not provide any personal data.
How to withdraw funds.
Briefly, withdrawal depends on your source of money input: if you input via card, you withdraw on card; if you use a wallet, you withdraw with a wallet.
It is worth noting that we work with cards on a refund principle – withdrawal on the card equals the sum of input from the card.
As an example, you input $100 from X card, and the balance became $170 after a while. You decide to withdraw all the funds, and so to do this you need to make two requests:
$100 on card “Х” (money refund)
$70 on your e-wallet or via bank transfer
In fact your profit will always be withdrawn to your wallet or via bank transfer, and on the card you can withdraw only the sum of money you have invested.
Also bear in mind that by the moment of withdrawal you must pass the verification procedure
– Identity authentification. To do this, you need to send your ID, address authentication, and in case you have loaded from cards, you’ll need to send copies of cards masking your personal data for security.
A fair and open withdrawal policy is the most important feature of a broker.
What’s important to notice?
Always check the broker’s licence and its number. Also note that the licence should cover your country. The main licenser for binary option brokers is CySec. It is without terms and its revocation means complete termination of business on the market.
Binary options is a high-risk endeavor, with deals that sometimes happen in less than one minute. That is why you should remember about risk management and be careful with the funds you invest.
The virtual nature of trading and working through the website makes you forget that this is all about real profits and losses. It seems that the difference between real trading and a demo account is limitless. This again accents the importance of emotions: when you earn a virtual $1,000 on a demo account, you feel practically nothing, but on the real account emotions and anxiety are actively involved. We start to think about how and where we are likely to spend money. Emotions are the enemies of trading, and anxiety means the beginning of losses. That’s why it is very important to cool off and trade as calmly as possible.
What are you planning?
We are planning to grow, progress, and captivate the whole world with flawless service and a superior product for trading 🙂
IQoption has recently made the announcement that they will have a new feature available on their trading platform. Starting now, traders have the ability to use the one-click payment option that is available on the main trading page. This now gives them the ability to make a deposit while trading.
This is great news for traders in that they no longer have to navigate back and forth from the trading platform to the depositing page as they now have the ability to add more funds with just a simple click. All they have to do is enter the amount they wish to deposit and then click “Proceed to payment!” It’s that simple!
This amazing new feature will not only make trading that much easier, but faster as well. The IQoption trading platform has always been extremely user-friendly and this feature just sets it apart from other binary options trading systems. Traders can now execute their trades with ease and gives them the peace of mind that they will not lose out on a profitable trade due to insufficient funds in their trading account.
Accurate and speeding trading platforms are a must for today’s binary options trading platforms. IQoption wants to ensure that their traders that they are not at risk for trading with unreliable data or trading on a platform that is too slow for the exciting and fast-paced binary options market.
IQoption Forms Partnership With Fabio Cannavaro
IQoption is also excited to announce a new partnership with world-renowned Italian football star Fabio Cannavaro. Cannavaro is not only famous for his outstanding athletic ability, but also his success and bold trade moves in the binary options market as well.
“If you had told me I’d become a trader, I would’ve been very surprised, but entering the world of options trading turned out to be much simpler than I thought.” Cannavaro states. “Personally, I was attracted by IQoption’s innovativeness and use of high-level technologies.”
IQoption is an excellent broker for new traders as their deposit is only $10, which is outstanding. They also have an incredible proprietary platform that has a reputation for being one of the finest in the market. They offer several types of binary options trading methods, a free demo account and are always listed amongst the Top brokers.
Binary options trading has completely changed Diana`s life and he wants to share his story with other traders and 7 Binary Options readers.
Similar to the pitiful character in the entertaining animation on the Porter Finance homepage, I was in severe financial distress when I happened to discover binary options trading. Recently divorced, I was trying to raise my two children while working a dead-end job barely making above minimum wage. I spent my evenings online in various chat rooms, desperate to make new friends and dig myself out of this financial and psychological rut. It was a very disheartening and sobering time in my life.
That was when I happened to find an ad while reading Porter Finance review in Binary Options Broker Comarion sections. Out of curiosity, and rather impressed by the review, I checked out their website as their offers were intriguing. Usually, I am a pretty cautious person, not at all the type who looks for “get rich quick schemes” online. But I was at a low point in my life so I decided to go for it. I can honestly say I owe a lot to Porter Finance because Binary Options has completely changed my life for the better.
To put it simply, binary options are a straightforward way of trading that basically give the trader two “options” or directions (hence the term binary options) which are essentially “up” or “down.” It’s really that simple! In essence you still have the complex aspects of the financial market as you can trade on indices, currencies, commodities and stocks, but you don’t have to deal with the complex terminology and details that often overwhelms novice traders. The only thing you need to do is to identify whether or not the assets on which you have decided to trade will rise or fall. And one of the best things is that there are a variety of assets from which to choose so you can put your own knowledge of the financial market to use and profit from your expertise and trading skills.
Having always been into technology and gadgets, I closely followed all of the latest technological trends, although I could scarcely afford to actually purchase any of them any of them! But I did keep a close eye on when they would be available and how well they were faring. It was around the same time that I stumbled into the world of binary option that Samsung was starting to rival Apple. Although it did yet surpass the iPhone, it was getting a lot of excellent reviews and a quite a few of the most respectable tech blogs and magazines were beginning to wonder if Apple’s time was near its end. My very first trades in binary options were “PUT trades”, which turned out to be extremely profitable. (This means I was predicting that Apple was about to “fall” or decrease in value.) However, at this time I had not yet grasped the concept that you shouldn’t chance the majority of your account balance on just a single trade! I’ve learned a lot since then!
Long story short, it paid off and I was instantly hooked! I must tell you, I spent a great deal of time online researching the various markets to find more about asset correlations and economic indicators. I must admit I am a bit of a nerd when it comes to researching that interest me. If you enter the binary options trading market with the same mentality, you will profit as well. Take it from me; develop this skill if you don’t already have it!
In just three months I had made $15,000 trading binary options so needless to say binary options has been very good for me! I was able to pay off many of my debts and get back on track financially. The customer service team at Porter Finance has been extremely helpful and has responded to any issue I have had in an extremely timely fashion. Quite honestly, I have no idea why more people haven’t caught on to binary options trading. It has been a life changer for me and I love hearing my children tell their friends that their mom is a successful business woman!
Trading binary options has made a huge impact on my life and I guarantee it can do the same for yours as well!
In Binary Options trading the investor has to merely predict whether the price of an asset will rise or fall at the end of a given period. These include indices, currencies, and so forth. This does not depend on the actual amount of the change in the price of the asset, etc, just solely on the fact that it will rise or fall by the end of the expiry time. Binary options can be very profitable, if the trader accurately predicts whether the price will decrease or increase from the opening prices. The expiry times in binary options range from 60 seconds to several hours.
If the trader makes the correct prediction (i.e.: it is “in the money”), the profit is determined based upon a predetermined percentage, which was decided upon at the start of the “life cycle” of that particular contract. If the market does not go as the trader predicted, the investment has expired “out of the money”, hence the trader will lose the entire amount they had invested.
In other words, Binary Options trading can be summarized as “all or nothing” trading and is similar to “Under/Over” sports betting, in which the player must choose between only two possible outcomes, either win or lose. Only in binary options the trader must choose between the rise or fall of the particular asset, commodity, etc.
Types of Binary Options
The most popular type of binary options are the “high/low fixed price.” The traders must determine if the underlying asset price will increase or decreases by the end of the expiry period.
In “On Touch,” or single fulfillment binary options, it is enough for the title value to “touch” the predetermined price at least once by the end of the expiry time for it to be profitable. This could be either a lower or higher price threshold.
With “Binary Range” contracts, the trader must predict whether the asset price will be within a predetermined range of values at the end of the expiry time or not.
Example of Binary Options Trading
Suppose the traders predicts that in four hours the price of silver will be higher than the current rate, but does not have to determine how much higher the amount will be. The trader will select the “Call” time for the product (i.e. 4 hours) and the amount he wants to trade (i.e. $100) Let’s say the yield of this trade is 80% preset.
In 4 hours, if the prices of silver has risen from the current rate, regardless of how much, the investor will receive $180, $100 from the original investment put $80 in profit from the 80% yield. If the price of gold fell below the current rate at the end of the 4 hour expiry time, the investor will lose the entire investment amount.
On the same token, when investors predict the fall in the price of the asset, they must chose the “Put” option. If the market price falls the contract will expire “in the money” while if it rises it is “out of the money.”
The investor has the ability to “close” the contact before the expiry time with some trading platforms. In this instance, the yields obtained will vary with the movement of the market at that time.
Advantages of Binary Options
Binary Options have a wide variety of assets that are traded on a worldwide market such as indices, commodities, equities, currencies with low monetary requirements. This opens possibilities for those who want to invest but do not have an excessive amount of funds available to them. It is also a good market for those who are new to the world of financial trading to gain some experience with little risk involved.
The premise of binary options is rather simple. It only requires the investor to predict if a specific trade will rise or fall during the specific time, regardless of the amount of change in prices during this period. However, binary options trading are ideal for day traders as they do not physically possess the underlying asset, and they allow risk management in open stock positions through hedging, hence do not burden others investors as well. The profit potential in binary options is clearly defined at the onset of the trade and can reach as high as 100%. The amount of risk if the investor predicts incorrectly is also predetermined at the start of the transaction.
Since binary options have a short expiry time, investors are asked to limit the number of trades they place at one time. This helps avoid “dips” in their trading account, as well as additional psychological stressors.
Binary Options are believed to gain a lot of interest and popularity over the coming years as more brokerages are made available and the range of options offered increase as more and more people turn to binary options trading as a means of investment.
Binary options trading has completely changed Jimmy`s life and he wants to share his story with other traders and 7 Binary Options readers.
Everyone dreams, as I did, of earning additional income with little to no time or effort. After years of wasting my time on unprofitable means of making additional income, I knew there had to be a better way. Now I can honestly boast that I am earning about £800 – £1500 every week with little time or effort, just a few hours. And I can do so from the privacy of my own home. I can even make trades while I am on the go. The additional income has been more than enough to provide me with the lifestyle I have always dreamed of for myself and my family.
Let me introduce myself. My name is Jimmy and I am an average white collar worker with a job that brings in a mediocre, but consistent, paycheck. However, when my wife surprised me with the news that she was expecting twins, my entire world was shattered. I really wanted her to be able to be at home with our babies so I needed to figure out how to provide for my quickly expanding family.
A colleague at work introduced me to the exciting and lucrative world of binary options trading after I opened up to them about my impending anxieties regarding my lifestyle changes. I was quite trepidatious at first, as I was sure that was just another dismal attempt to earn some extra cash that would fail miserably. However a few days in, I was feeling quite confident about my decision to go with binary options trading. It was a real eye opener. It not only gave me the extra income for which I so desperately yearned, but it gave me extra time to spend with family as well as enjoy my hobbies which include gardening and fishing.
Admit it, you are interested and want to know how binary options can work in your behalf. If I can do it, anyone can make a go at binary options trading. It is really simple from the science behind it to the process of executing trades. I had no prior knowledge about the money market or any of the financial lingo, as well as zero trading experience. Binary options trading was indeed the most beneficial type of trading for those who have little to no experience in the financial trading market and want a simple solution that can easily earn them £350 from the comfort of their own home.
The only things you require to begin trading a few minutes a day online with a decent internet connection (either at home or mobile) and an account with a binary options trading broker. I prefer to execute my trades on the commute to and from work as it saves time. Actually, my trading has reached such a level that I am considering quitting my job and making binary options my full time job. I believe i have formulated a binary options strategy to perform my trades that is both simple and highly profitable.
Allow me to break it down for you. Of course, when I first begin trading I was not aware of the amount of risk involved in this industry so I did not want to wager high amounts of money in case it did not go in my favor. I opened a basic account with the initial minimum deposit which was £250. I also did not allow myself to bid higher than this amount until I was able to ensure that I was able to control the risk factors. I occasionally lost a few trades initially, but the losses were small and I was nothing each mistake so I could avoid it in the future and improve my strategy. It was only a matter of time before I was able to determine a fairly easy and highly effective strategy of trading which now gives me an accuracy rate of about 90%. As i execute trades, know can earn a substantial income that provides me with a comfortable lifestyle that allows me to make future plans. For example, I execute trades by predicting the movement of an asset of an expiry time, for a just a few hours a day.
You are probably wondering what exactly is my winning strategy, correct? I have no problem sharing this with you in the hopes that it you will find it straightforward and simple to both understand and execute. The best thing about my strategy is it’s not necessary to have presupposed knowledge of the binary trading market. It also does not strictly follow the news that may affect trading rates. These factors work in the favor of others, but in my opinion, I focus solely on the market trends. In other words, I simply thoroughly examine the price charts of each asset thus focusing on determining specific trends in these charts that will indicate in which direction the trend of each asset will follow.
I have determined that certain patterns tend to repeat themselves. If you can quickly spot these trades you will be able to profit greatly as all you need to do is determine if the trade will do UP or DOWN. In order to understand this process a little better, please see the below charts for specific examples.
The UP Trend Chart obviously exemplifies the UP trend, when the price of the questionable asset is continuing to increase during the expiry time. Once you think you notice a trend, you must immediately execute a “Call trade.”
This chart illustrates the Down Trend. The price fo the asset has rapidly been declining since roughly around 14:00. Once you notice this trend, you must execute your trade urgently.
NEUTRAL trend chart
When you notice the asset price has remained the same for quite some time, this is referred to as a Neutral Trend, when you spot this type of trend it is wise to not execute a trade and hold out until you notice an UP or DownTrend.
With time and experience you will be able to spot these trends quite easily in order to generate the most profitable traces. All it takes is the ability to analyze and execute trades as quickly as possible. This has really worked wonders for me and I believe it can do the same for you.
Here are three simple steps in order to start profiting with binary options trading:
Create an account with a reliable broker
I personally am registered with “Banc de Binary” for the following reasons. They have established a long history in the market. They are also regulated which instills both a sense of confidence in security in their traders. Their trading platform is extremely user-friendly as well as effective and very efficient. The mobile app they offer their traders enables me to execute trades while on the go. I am extremely happy with this broker and highly recommend them if you want to start trading.
Make an initial deposit to fund your account
In order to start trading, you are required to make an initial deposit to fund your account. I find that funding my account with “Banc de Binary” is not only simple, but highly secure. I t can be done with bank transfers, digital payment or credit cards (Mastercard and Visa). I recommend that new traders only make the required low minimum initial deposit, which is most often £250. Also start by making small trades until you gain experience and confidence and are able to spot trends. Once you are able to do so you can execute higher trades thus increasing your profits and gains.
Begin to execute trades
Once you have a funded account with a binary options broker, trading is quite simple. All you have to do is choose the amount you wish to trade, the expiry time and most importantly, the asset. Once you decide the direction of the trend you would hit the UP (Call) or Down (Put) Button. It’s that simple!
Trading binary options has made a huge impact on my life and I guarantee it can do the same for yours as well!
Here are some useful hints to get you in the proper mindset for successful binary trades:
1) Set a goal of 10% profit as it is both realistic and does not require more than 3 trades. (And yes a profit of 200-300% is possible, but this means you have to bid larger amounts and spend more time trading). Then 10% daily compound profit with a $250 deposit can easily turn into 10K, over three months time.
2) Set a “Stop” limit in place for trading such as “I’ll stop once I hit my 10% profit” or when losing “I’ll stop once my balance hits $_____”
3) Only trade in the 30 minute and 1 hour duration options. Although the 1 minute option is quite tempting, it’s where the biggest losses occur.
4) Be patient: It is important to that you know the lowest and highest points of your trade for that day. Always aim for the peak or low before placing your bid. You can bid more confidently when it is near the top or the bottom. Never bid when it’s in the middle.
5) Find the “guiding point.” Follow the trend of the 2 hour graph when bidding at the one hour option. Use the 1 minute graph as a guide to “bid” or “wait.”
For example, if the 2nd hour graph displays a downtrend, look at the 1 minute graph, if this is also down, go ahead and bit. Wait, if it’s uptrend. Wait til it starts to downtrend before bidding on the one 1 hour option.
6) Deposit only a minimum amount with which you feel comfortable. Feel free to ignore the bonus “bait” or broker’s threat. Set an amount; say $250 as a monthly deposit. When this starts making a profit, withdraw some of the profit per month as well. But always leave money for bidding. The initial aim is withdrawal the total you have deposited throughout the entire process.
Some of the above might seem a little too technical, but if you break it down, they are practical and will help you turn a profit.
Aston Martin Racing is pleased to reveal their new affiliation with IQ Options, renowned binary options broker. IQ Option will be partnering with the racing team throughout the entire 2016 season.
Based in Europe, IQ Option, provides its customers with some of the most profitable terms for binary options trading. They are known for employing new and innovative digital applications to aid their clients in generating successful trades, while minimizing risk. They have been acclaimed by Global Brands Magazine as the “Fastest Growing Binary Options Brand, Europe.” The firm’s logo will now be featured on every factory racing car in the top-tier GT competition this coming season.
This exciting news is the first of many announcements in the upcoming weeks for the successful company based in Banbury.
A renowned binary options broker, IQ Option offers a wide array of assets which includes, but is not limited to: stocks, currency pairs, indices, precious metals, commodities, and even Bitcoins. With only two probable end results for every trade, IQ Option offers traders the chance to attain up to an 85% payout of their initial investment when a precise market calculation is made, using this low-risk trading method.
“We warmly welcome IQ Option to the Aston Martin Racing family,” said John Gaw, Managing Director of Aston Martin Racing, “and we particularly look forward to including them in our wider 2016 plans. While their branding will feature prominently on all AMR race cars throughout the season, there will be an exciting new IQ Option livery cloaking to one of our entries later in the year.”
More exciting details of this new partnership will be unveiled at the company’s 2016 launch, which takes place on Friday, February 10th at Aston Martin Racing’s corporate office in Gaydon.
Can you believe we are already well into 2016? Have you changed your approach to binary trading? It’s time to consider a fresh approach as we still have the rest of the year for successful trades in 2016. This post will give you tips on how to make profitable trades for the remainder of the fiscal year.
1. Find a Trustworthy Broker
We are sure you are tired of hearing this, but we cannot stress it enough find a realiable broker.
While it’s important to find a broker that promises you high earnings on all trades, along with the other “bonuses” they may offer, it is crucial that you only sign with a broker that is 100% legitimate. There are literally hundres of brokers available online. Sadly, a lot of these are in fact scammers just out to earn a quick buck from new, eager and inexperienced traders.
Make sure, you do your research before committing to a broker. Make sure they are licensed and registered with CySec. See our broker list here.
Brokers are being held to a higher set of regulations so do not fall for scams. Stick to big name, reliable, regulated and respected brokers like Banc de Binary, IQ Option, Porter Finance (US traders) and 24option. This is only for your good. You need to ensure that you are protecting both your money and your identity.
2. Make a Realistic Deposit
It is so easy to get caught up in the trading game and lose track of how much of your hard-earned money you are investing. It is critical that you need to put a set limit on your funds.
It is always a good plan to have a good money management strategy in place. Binary trading, just like any other form of trading or investing, involves an element of risk. It is important to be mindful of your budget and stick to a set limit.
A good rule of thumb is to never trade with more money than you can afford to lose. Trading, in essence, is a lot like casino gambling. Make sure you are not getting in over your head. Be sensible.
On the same token, if you want to make successful trades, you need to set aside a realistic amount of funds so you can trade using an equitable strategy. A lot of inexperienced traders start off with too little funds and end up in sticky situations as a result.
If you cannot afford to start off with a reasonable deposit, our advice is to hold off until you have a decent amount saved. During this time you can study the market, investigate brokers and develop a plan of attack. Remember to stick to a reasonable limit. Trading with too much or too little can be your downfall.
3. Learn how to make intelligent trades
I know this sounds demeaning in a way, like we are trying to undermine your intelligence, but it’s important to know how to make sensible trades. You can’t just go in blindly and expect to earn huge profits. It takes time, practice and a certain degree of skill to be successful in binary options.
Way too many people take binary options trading too lightly. They see it as a form of simple gambling and then back away once they see it doesn’t always pay off. If you have a good strategy, there is serious money to be made. Don’t get discouraged. Take time to make sure you are making sensible trades. Some traders expect to earn profits simply by mirroring other’s trading patterns…such as signals, robots, news and trade copiers.
The best way to become an established and successful trader is to study the market and familiarize yourself with profitable markets and strategies. This will take time and effort, but in the long run it will pay off.
4. Have a Set Game Plan Before Making a Trade
Once you have found an established broker and opened an account you are going to be tempted (and encouraged) to make a trade right away.
You might think since you have money in your account, how can you lose? Jumping the gun can quickly lead to disaster if you don’t have a sensible game plan. And this leads to a destructive pattern in future trades.
There is a 50/50 chance of winning in binary options, as a general rule. However, it is not as easy as it appears to sustain a high profit and substantial win rate. You should research binary option win rates if you believe you are unflappable.
You might think it is easy to rebound from a minor “spur of the moment” trade, but it takes time to recover financially. And quite honestly, impulsive trades can cause irreversible damage to your account. It is imperative that you avoid these types of trades from the start. Always make sure you have a well-planned strategy in place before trading. It is literally a matter of winning or losing.
Based on my own observations, one of the commonly asked questions in the binary options industry is, what makes a binary options broker the best? Actually, if the number of times that traders in binary options ask this question was valued in terms of money, it would sum up to a lot of money. This is to say that a god number of traders in his industry are constantly looking for the qualities of a good binary options broker; hence be in a position to make the right investment decision. As a matter of fact, the choice of broker, for the experienced as well as the aspiring traders in the binary options industry, is one of the big challenges today.
It is for the same reason that the majority of binary options traders spend a considerable amount of time researching the internet for the best binary options broker. The main challenge with such internet searches is that a horde of brokers will have a lot of enticing information, regarding their binary options trading platforms. Due to such incentives, many traders fall prey to brokers that are not necessarily the best. While some traders are yet to understand this, the choice of binary options broker can greatly influence your success in trading binary options. As such, traders in binary options should only opt for the best brokers in the binary options industry. However, you should also bear in mind that you also need to make use of the right trading strategy for you to succeed in binary options trading, even if you are using the best broker.
The Search for the Best Broker
Currently, there are numerous online discussion forums that highlight the benefits of investing in the financial market through the various binary options brokers. It is the same forums that discuss the best binary options trading strategies that traders may use to succeed in binary options trading. This being the case, the main question is, can it be possible for traders to better their binary options trading performance by merely improving on their trading strategy or do they need to couple this with the choice of binary options broker?
Currently, the financial market in the various parts of the world is highly regulated. As such, I actually wonder whether there is any significant difference between the various brokers in the industry. Again, I also wonder what makes some brokers stand out from the rest. You may also be one of the binary options brokers wondering whether such differences can actually affect your performance as a trader in the financial market. Mentioned below are the key aspects that make a binary options broker the best, as compared to others:
The Returns Offered
Among the main aspects that separate the good binary options brokers from the bad ones is the profitably they offer traders on their binary options trading platforms. Although competition between brokers in the financial market is still stiff, the returns offered by the various brokers still vary a lot. For instance, the returns offered by various renowned brokers on the EUR/USD currency pair are between 72 and 83 percent. Although this range does not put any rebate percentage into consideration, a difference of 11 percent between the highest and the lowest returns offered by the various well renowned brokers is still significant. If different traders were to successfully trade this currency pair for, say 10 trades, on different trading platforms, the difference in profit would still be significant. As such, you need to consider the returns percentage offered by a broker while searching for the best binary options broker.
Functionality of the Trading Platform
The functionality of the trading platform offered by any binary options broker is another aspect that you need to put into consideration in your search for the best binary options broker. This is mainly determined by the tools and features offered by the trading platform. It is for this reason that an increasing number of brokers and binary option robots are constantly updating the range of features and tools offered by their binary options trading platforms. In this regard, the best broker is the one that offers the features and tools that you need to enhance your success in trading binary options.
Support Features on Offer
While it may be a bit difficult for traders to test the support features offered by the various binary options brokers, this is still a consideration that you need to make while searching for the best provider in the industry. Basically, the support features and services offered by any binary options broker end up affecting the reputation of the broker among traders. A good number of brokers that have a poor user rating is because they handle complaints by their customers inappropriately, at a slow rate or just ignore such complaints. For this reason, you will need to consider user reviews of the brokers you are considering to invest with.
For you to have a good experience while trading binary options on any platform and succeed while at it, you will require quality support services and features from time to time. As such, a broker that responds to queries in a timely manner and handles customer complaints appropriately is the best choice. Additionally, it should also be easy for you traders to contact the customer care representatives whenever they have an issue that they would like the company to address.
With so many considerations to make while looking for the best binary options broker, many traders are having a hard time making this choice. To sum it up, the best broker is the one that will have the least interference on your trading activities. Again, you also need to ensure that the broker is regulated by the appropriate body (s), offers the features and tools you desire to execute your trading strategy and offers good returns on the positions you open.