Best Brokers and Trading Platforms of 2017

 

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 which is a long leap from the minuscule numbers that operated when binary options trading initially began in 2008.

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 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

us flag

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.

This fact combined with the attendant regulatory restrictions have led to the creation of two unique groups of Binary Options brokers that accept traders based in the United States. The first group comprises of offshore brokers who are not regulated by either the CFTC or the NFA whereas the second group comprises of brokers who are regulated by one of the two regulatory bodies.

Considering that fact that not all brokers operate with highest standards, it is always advisable for traders to probe into each potential broker before deciding to sign up. For your convenience, listed below are tested and approved brokers that accept traders based in the United States.

  1. OptionRobot 
  2. Automated Binary
  3. Finpari

Best UK-friendly binary options brokers

best uk flag

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.

The above listed are generally the most predominant licenses issued to online binary options brokers. It is therefore likely that traders from the UK will want to choose a broker that is regulated across Europe. Considering traders in the UK have the freedom to trade with almost any broker they want to, both regulated and offshore brokers are equally appealing choices. However, it is always advisable for traders to conduct their own personal research about the best brokers before they decide to invest in them. Such a research is a long and arduous process, which is why we test and review the best UK brokers for you.

Listed below are the best binary options brokers of 2016 to be found in the UK:

  1. OptionRobot
  2. Automated Binary 
  3. Binary Option Robot
  4. 24Option
  5. IQ Option
  6. AnyOption

Reviews for each of them can be found after this section.

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.

Some of these brokers could be offshore whereas some operate out of the area with ASIC approval and licensing. However, you would need to consider the exchange rate factors because of the fluctuations that arise due to funding your account in other currencies besides the Australian currency.

The brokers listed below have been tested and reviewed by us. Also, they all accept Australian traders.

  1. OptionRobot
  2. Automated Binary 
  3. Binary Option Robot

Reviews for each of them can be found after this section.

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.

There are several tested and approved brokers under both regulated and unregulated categories that are suitable for Canadian traders. With regard to this, we have shortlisted a few brokers who provide appropriate support, banking options, and other services that are appreciated from respected brokerage services.

The crème de la crème brokers for you to start trading today are listed below:

  1. OptionRobot
  2. Automated Binary 
  3. Binary Option Robot
  4. 24Option
  5. AnyOption

Reviews for each of them can be found after this section

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.

This means that all brokers regulated by the CySEC can accept traders from any country within the European Union. Being the predominant regulatory body for binary options, the CySEC can afford European traders a multitude of choices. There are no restrictions pertaining to trades with offshore brokers either. This makes Europe the world’s best binary options marketplace – an open floor with a vast number of choices for traders.

The best brokers trading in the European zone are highly recommended and they are as listed below:

  1. OptionRobot
  2. Automated Binary 
  3. Binary Option Robot
  4. 24Option
  5. IQ Option
  6. AnyOption

You can read reviews below.

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.

We have done the groundwork to provide you with the list of brokers who are well regulated and who have established themselves with world-class service standards. The Cyprus Securities and Exchange Commission is regarded as one of the best regulatory body for the binary brokers, and hence our recommended broker list includes the brokers who have got the operating license from the Cyprus Securities and Exchange Commissions. Although these brokers are not regulated by the Securities and Exchange Board of India, they follow the stringent rules and regulations set by the Cyprus Securities and Exchange Commissions.

The following are the list of most suited binary brokers for the Indian traders:

  1. OptionRobot
  2. Automated Binary 
  3. Binary Option Robot
  4. 24Option
  5. IQ Option
  6. AnyOption

For the close scrutiny of each of the above broker please go through our detailed review on each of them.

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.

The recent past has seen some major fluctuations in the financial market however, the traders emanating from the UAE believes that these fluctuations are favorable for the high-risk traders. Another distinct advantage for the traders of UAE is that their financial market operates from Sunday to Thursday, allowing traders to trade even on weekends. The benefits of highly volatile market experience along with the availability of trading on weekends makes it the most favored destinations for the binary options traders.

The certified financial advisors in the UAE has been advocating binary options trading for the high-risk traders because of favorable conditions. The UAE financial market has been growing at an astonishing pace and the traders can benefit from the binary trading. Our research on several brokers have aided us to enlist the select brokers for the traders of the binary options, still, we recommend the UAE citizens to take due care before initiating transactions.

The following is the list of recommended brokers for the UAE traders:

  1. OptionRobot
  2. Automated Binary 
  3. 24Option
  4. IQ Option

To know more about each of the above-enlisted broker, please go through their detailed review.

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.

Traders should know that the binary options trading is completely legal in the region, however, the lack of specific regulations regarding the binary options broking there is no specific broker originating from the South African Region. The residents are allowed to enroll themselves with any online binary brokers which provide them hundreds of choices to select from. The abundance of choices makes a bit difficult for the residents to select the right broking partner, however, our website makes a sincere effort to get an in-depth knowledge about all the available brokers. We have reviewed several websites and provided you the list of recommended brokers who are regulated by the prominent regulatory authority Cyprus Securities and Exchange Commissions.

Hence, our recommended list of brokers includes the brokerage houses which are regulated by the authorities residing outside of the South African region. The below-mentioned list of binary brokers are well placed and well-suited to all the traders emanating from the region.

  1. OptionRobot
  2. 24Option
  3. IQ Option

You can get the detailed review about the above mentioned binary brokers on our website. We recommend you to go through the review of each of them before making a choice.

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.

The selection of right trading partner takes the Centre stage before commencing the binary trading journey, and the most important aspect one should consider is the regulations being followed by the brokers. In this respect, the New Zealand tops many of the large countries as the New Zealand authorities were first amongst others to come up with a regulatory authority. The Financial Market Authority (FMA) is a government body which regulates the financial instrument trading along with enacting rules and regulations for binary brokers. The FMA imposes stringent guidelines which the broker must follow to continue holding the license and any violation on part of the broker attracts heavy penalty and sometimes even the termination of the license. To assess the brokers on various parameters the FMA conducts a regular audit of such brokers and provide feedback if necessary. This way the government of New Zealand protects their citizens from any misconduct by the binary broker.

There are very few brokers in the country who are regulated by the FMA and provides a trading platform to the traders.  However, the residents are allowed to trade in the international brokers who are well regulated by the known authorities. The individuals who are willing to try international brokers, there are some well-established brokerage houses to choose from. The following list of brokers is regulated either by the authority of the European Union or from other established authorities.

  1. OptionRobot
  2. 24Option
  3. IQ Option

Although, above brokers follow stringent rules and regulations, you must conduct your own research before initiating your first transaction.

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?

The Securities and Exchange Commission of Philippines is the nodal agency for laying the rules and regulations for the financial instrument trading. The commission ensures that the interest of their citizen is safeguarded. The nuance of the binary broking has limited choices of the brokers originating from the nations, the citizens of Philippines can enroll themselves in foreign brokers who are regulated by well-known authorities like Financial Conduct Authority of the United Kingdom or the Cyprus Securities and Exchange Commission of the European Union. The international brokers have earned their reputation by well-laid processes, excellent service standards, timely payouts, and above all, superior customer service.

Favorably, these all international broking houses are accepting registrations from the citizens of the Philippines. There are numerous binary brokers in the trading arena and one must find a suitable partner to start their trading endeavor. Our well researched recommended brokers are enlisted hereunder who are well-regulated and well-reputed in the binary trading market.

  1. OptionRobot
  2. 24Option
  3. IQ Option

The in-depth analysis of each of the broker is available on our site, and you must do due diligence before commencing the trading.

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.

There are more than four hundred plus binary brokers in the trading arena, and you must select a right partner in your endeavor. We have evolved a stringent review process before recommending any broker to our readers. We assess various parameters like licensing, the number of trading assets, the platform offered by the broker, bonuses, withdrawal and deposit procedures, customer service, amongst other aspects. As there are several choices for the traders originating from the Malaysia, we would request to conduct a thorough analysis before initiating a trade. Following are our recommended brokers for the traders from the Malaysia, who are well-regulated and well-established in the binary arena.

  1. OptionRobot
  2. 24Option
  3. IQ Option

You can read the detailed review of each of the above-recommended brokers on our website. Our sincere request to you is that please read the terms and conditions carefully before commencing the trading.

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.

The government of Russia allows the citizens to trade in the binary options. This offers several choices for the Russian traders to choose from. The Russian sees the binary trading as a serious means of investment and hence the Russians have basically two choices to select their preferred partner

  1. They can enroll with the locally regulated brokers
  2. They have the option to enroll themselves with the international brokers who are well regulated by the foreign authority.

As always, our efforts are directed towards providing a holistic review of various brokers and then make the recommendations. If you are a binary trader from Russia and looking for a broker who is regulated by foreign authorities, then our recommended list will provide you established and regulated brokers for your consumption.

  1. OptionRobot
  2. 24Option
  3. IQ Option

You can access the full review of each of the above broker on our website but we would recommend you to please conduct your own due diligence before commencing your binary trading journey.

 

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

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.             
  • Martingale System:The martingale system is more widely used in Forex trading but that does not mean it is not applicable to binary options. Basically, with this system, the investment amount is gradually increased after a loss until a profit is made after which it goes back to the original amount. The risks here are slightly higher, but so are the profits. It is a great choice for traders who are looking to make quick profits.
  • Fibonacci system:The Fibonacci or Fib as it’s popularly known is the most accurate system with straightforward win or loss probability. For each forex pair, a sequence is calculated based on its up-trends or downtrends over an expiry period thus determining its resistance and support levels. This helps choose the right direction to follow thereby, substantially reducing or completely eliminating the chances of losing trades.

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

Depending on your preference, you can choose one or more of the indicators to help you in your trading. If two or more are selected, then they will have to have the same signal for the system to place a trade. For instance, if the MACD and Williams indicators are selected, they will both have to give the same indication to the system for a trade to be made. For a call trade, both the indicators will have to indicate the same for the signal to be generated and a Call option traded. No trade can be completed when the indicators have different signals – probably a way to reduce the risks to the traders. Definitely a clever strategy there.

trading indicators

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. However, you may want to look through the FAQ section for answers and clarifications. Perchance you just might find your particular question(s) clearly answered there. Additionally, there is an interactive blog in operation which contains significant information related to user experiences which may be of help to you.

Apart from sending an email, there are no other contact options currently which can either be attributed to the fact that it’s a new site or a poor customer service policy. We can’t jump into conclusions this early so we will give them the benefit of doubt.

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!

To start trading, make a deposit (you can do this through credit card or bank wire transfer) and click on the “Auto Trade” tab on the interface which will require you to set the assets you want to trade in, the expiry times and amount of investment per trade; the Option Robot software does the rest.

You may also choose from the several popular and regulated Compatible Brokers available such as GOptions and Banc de Binary. This selection of some of the best brokers in the business shall save you the hassle of searching for a trustworthy broker through a ‘Trial and Error’ method (something you would most definitely want to avoid for the sake of your sanity).

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. The free software combined with the easy sign up option is clever idea and will benefit the traders who are not interested in downloading or paying for software which makes it almost all of us or at least close to it. To an experienced trader, the customizable nature of the system and range of trading systems are enticing additions to consider. Option Robot is a broker site you should try if you haven’t already laid your hands on it.

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

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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.

From the overview, Automatedbinary is the best software in terms of trader freedom as it entrusts all the major and minor functions to the traders themselves. Traders get to choose which assets to trade in, how many simultaneous trades at a time, the amount to be invested in every trade and the indicators to be used. Truth be said, not many sites offers traders this extent of control over the system but then again, not every software is Automatedbinary.com.

As it should ideally be, the software is free and completely web based – forget about the security hassles and storage issues that are associated with downloading software. An additional security feature is that the robot will not place any trades while the trader’s connection is off. This means that traders are required to have their connections on at all times for the robot to function. Not really much convenience for traders who are off the grid but it is a great way to check that traders are in control of their trades at all times.

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.

For anyone who wants to check out the nuances and experience what Automatedbinary has to offer, we recommend using the demo version first. With that, there are zero risks to your real cash and you can leave any time without complications if the software does not function to your liking. While at it, it is wise to not completely trust everything that you see on the demo including the number of wins as a true reflection of how the software works. Note that this is stimulated trading and most sites resort to displaying a multitude of things to advertise their systems in good light.

automated binary demo version

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.

Usually, traders get to select their preferred method from among the three. The choice is not permanent and can be changed whenever the trader feels he/she is ready to trade using a different approach.

binary algorithms

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. No prestigious broker would risk its reputation by associating with a fraudulent site so this serves as strong indications that Automatedbinary is an honest site. Additionally, there are no tell-tale signs of usual scams such as paid actors enacting the role of traders and neither are there any exaggerated promises of gaining quick wealth. We can therefore confirm that this is one of the best binary options trading systems we have tried in a long time.

Get the automated binary options trading software for free by clicking on the button below and start trading now!

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Finpari Broker Review

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.

Despite the fact that it’s a relatively new broker, Finpari has managed to make a name for itself with its quality products and sophisticated services. In fact, there is no considerable difference in quality between Finpari and other brokerage platforms that have been there for the last 7 years. The platform is now a well-known brand within the binary market. It features a wide range of assets along with a unique array of options to suit all types of traders.

Finpari was founded as recently as 2014 but it has already extended its services to the entire world. And when we say all around the world, we do mean it: the platform accepts clients from Europe, Russia, United States and many other countries. That is not the end of it: Finpari comes with other awesome features like 1 hour withdrawals. We recommend our readers to stay tuned as we uncover more interesting attributes about the platform. Make sure you keep reading!

 finpari binary trading

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.”

Speaking of the webpage, Finpari’s official site demonstrates the highest level of efficacy. It’s quite easy to navigate through their homepage – you don’t have to fumble your way around. The broker has clearly displayed the relevant add-on buttons including the necessary features. Other brokerage platforms should follow suit by adopting the user-friendly design exhibited by Finpari.

We can’t forget to mention the overall professionalism displayed by the broker. One thing that is worth noting is the fact that Finpari’s website does not bombard visitors with loud letters that beg for attention. The colors and overall layout are quite conformable and pleasing to the eye. 

 

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.

Considering that the minimum trade required is only $1, users are given the opportunity of exploring valuable resources at a low cost. The platform features more than 60 tradable assets which are divided into 4 categories: currencies, stocks, special commodities and indices. It also features 7 different modes of trading to ensure that every investor is presented with the possibility to identifying what fits best within his or her trading needs.

finpari traders reviews

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:

Bronze Account: This is basically the smallest account type that requires traders to deposit amounts ranging from $250 to $999. Account holders can enjoy a welcome bonus, a demo account plus a trading course. In addition, traders can withdraw their payouts within an hour.

Silver Account: This feature requires a minimum deposit of $1000. The highest deposit is stated at $2999. Silver account holders can enjoy a 50% welcome bonus, a master class web session plus the benefits received in a Bronze account.

Gold Account: This is the most senior level account that comes loaded with a 100% bonus, access to an individual account manager plus the benefits received in a Silver account.

Fixed Income Account: This is quite different from most trading accounts. Additionally, in order to be an account holder, you need to be an active client of Finpari. The invested capital is personally managed by well trained staff members. The account features a 10% payout rate along with security on the invested amount. This means that regardless of the market behaviors, clients are guaranteed of their initial investment.

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!

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 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.

Binary Option Robot is undoubtedly one of the leading brokers in the binary options marketplace. If you are shopping for a trustworthy broker, this is the right option.

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24Option Review

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.

Based in Cyprus, 24Option is a registered binary options broker that has been in operation for a number of years. The Cyprus Securities Exchange Commission (CYSEC) regulates this broker under license number 207/13. Currently the broker is under the management of Rodeler Ltd, a holding company, since 2014. The company CBAY Financials previously managed and owned this brokerage firm. Additionally, 24Option is a member of the respected the Investment Compensation Fund offering up to €20,000 protection.

24Option has carved a niche for itself when it comes to the trading engine where this software is anchored. Their hand-picked Tech Financials’ engines are highly innovative apart from being secure and user friendly. Traders dealing with 24Option make use of a smooth, easy to use platform to conduct their binary options trades. Most of the other brokers still use Tradologic and SpotOption.

top5 24option

Best traders are winning huge sums of money from 24Option.

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

24Option is official partner of Juventus soccer team.

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.

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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.

best anyoption

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:

  1. High/Low Options
  2. One Touch Binary Options
  3. Boundary Binary Options
  4. Early Closure Binary Options

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 free without needing any deposit. Clients from Europe, the United States and various other countries are all welcome to trade with AnyOption. Traders make your withdrawals at any time, the best being that there is no minimum amount. However, you can only make one free withdrawal each month, and you will be charged 30USD/20GBP for any additional withdrawals thereafter.

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 appetite. Commodities are set to cover all metals in addition to crude. While stocks are fairly distributed with the major European and US names, a wide range of Asian stocks are also on offer. The main currency pairs are represented as well, with the pleasant addition of Bitcoin options, which are rarely offered by other brokers.

The four option types on offer are:

  • Standard Binary
  • An ‘Option+’ Range
  • A Binary ‘Event’ Range
  • One Touch Binary

You can expect a comprehensive suite of assets and options from AnyOption, and these are suitable for any kind of trader. Emerging market currencies are the only function that is not available here.

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 will also check asset prices and manage your account. There is also a unique ‘Live Trades’ stream to show you the latest and most profitable trades from the last day, week and month. AnyOption is a highflying options broker that is bound to please you with its huge range of option types and exceptional payouts.

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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.

best IQ Option

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. There are action buttons for the type of options [Call/Put] that you want to trade, as well as the amount to invest. Here the investment amounts are predefined.

You can choose from fixed amounts of $10, $20, $50 and $80, or choose any other amount that you decide to invest by simply keying in the alternate value in the textbox. Additionally, you can find all the navigation choices open to you which is where you can access the type of trades and your personal cabinet section. The personal cabinet contains information like trading history and banking transactions.

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. The bonus amounts open to you vary according to the amount you have deposited. While the minimum deposit value that can be deposited can be only $10, however, to qualify for a 20% bonus you will need to make a deposit of $100.

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 choose between commodities, indices, stocks, or matched currency pairs to trade. With the variety of assets on offer, you will definitely find those that you are comfortable trading with, in order to ensure consistent winning trades. If you prefer having many options with different assets to trade, IQ Option is a perfect choice.

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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 asset will expire above or below the current price and you put your wager on that. Basically, you invest in your ability to predict the direction of an asset. If your prediction turns out to be true then you are rewarded with the predetermined payouts on your investment and if it turns out otherwise, your investment amount is at stake. The winning trade in the binary options returns you back the amount risked plus the payouts.

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. Typical expiry durations offered in the binary arena ranges from 60-seconds to 6-months. The day traders prefer to trade in the faster durations while the long-term trader prefers to buy and hold the contract for several days.

The strike price is nothing but the price at which you have bought the contract. This is the price which is considered as the pivot point for the trade and determines whether the price has moved up or down after the purchase.

Binary Options trading basics are very simple. Choose put or call, and see if the asset value will go up or down.

The payouts are the percentage return on your investment. If the purchased underlying asset has moved in the predicted direction, you are entitled to receive the investment amount plus the payouts. For example, on $ 100 investments with 80% payouts, the winning trade will return you your investment amount of $ 100 plus $ 80 (80% of investment amount), totaling to $ 180.

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 asset type in which you have mastery. You can select to predict the direction of the Facebook stock or an S&P500 or your favorite foreign currency pair or a preferred commodity in a single platform. The binary trading platform provides you an access to international markets without worrying about the hassles of offshore trading through other brokers.

Typical Binary Options Asset List.

Currently, several binary brokers offer an array of stocks and indices from Asia, Europe, USA, Australia, and other countries. This makes it the task of a trader very easy as he or she can trade the stocks listed in NYSE sitting in the Paris, without switching the screens or brokers, simultaneously, the traders can take positions into their favorite currency pair and/or commodity. This makes the binary platform as the one-stop-shop for all the trading requirements.

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.

If you like the adrenaline pumping then you can select the shortest available expiry 60-seonds, in which the options expire in a minute. But if you prefer to buy and hold your options for longer durations, you have an option to select from an hour to few months. The expiry duration can be selected before initiating your trade, and once you have committed yourself to the specific duration you cannot change during the trade period and you have no option but to wait till expiry. However, there are few brokers in the binary trading market which allow you to close the trade before expiry. Leaving these brokers, the binary options trading differs in terms of expiry selection as it does not allow you to close your trade before expiry, while in another financial asset trading, you are allowed to close your position at any time.

Binary Option Expiry Times Vary From 60 Second to Several Hours or Even Months.

What Are The Common Option Types?

As there are hundreds of assets to select from, the binary options trading provide several option types to choose from. There are basically three common option types which are being offered by almost all the brokers.

  • High or Low Option:

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.

  • One-Touch:

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.

  • Boundary:

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.

Binary Option Asset Types

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.

  • Experience:

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.

  • Your own nature:

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.

  • Goal:

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.

Selecting a perfect partner in itself is a very difficult for anyone and specifically for the naïve traders. The right partner can put the traders on the platform which is most suited to the traders. The offerings from the brokerage houses and their teams are always awaiting a client and to conquer the hearts they offer jaw-dropping benefits, also, each of them try to outbid others. The scenario seems perfect for the traders but the traders will also have to remember that there are some sharks also sitting amongst them to eat away your hard earned money. Hence, it becomes even more important to conduct the thorough due diligence while selecting the broking partner. We, as a responsible reviewer provide a detailed discussion on several brokers but to aid you to conduct your own research on the binary brokers, we are equipping you with the tips of selecting and comparing various binary brokers.

The following are some of the most important aspects which you should definitely consider before making your mind on one particular broker.

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.

SpotOption Platform is Very Common in Binary Trading

SpotOption platform is the most common platform in binary trading

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.

Option Robot platform is one of the best on the market.

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. Also, the higher the number of assets in various categories allows you to diversify your trading portfolio better.

Along with, the number of assets offered, you should also consider the type of options available for trading. The binary arena has the range of option types from the simplest options type like high / low up to more fancy and complex option types like Ladder.

Also, the asset expiry duration from site to site differs. The range of expiry in the binary market is from 1 minute to 6 months. If you are a trader who prefers to buy and hold for a month, then a platform offering only few hour expiry does not make sense, and if you like to have quick trades then the longer expiry period may not be required. Hence, the assessment of various asset parameters like a number of assets, option types, and expiry durations, are critical in selecting the broker and you should select the one which meets most of your requirements.

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 withdrawal processes, restrictions in deposits, withdrawals and investments, amongst various other aspects. Hence, it is of prime importance to conduct a thorough evaluation of the broking platform and understand various parameters.

As always, the most critical part before commencing your first trade is that you should carefully read and comprehend the terms and conditions of the broking house as well as the local laws pertaining to the financial trading.

Read also these articles:

International Pages

References and Further Reading:

  1. Correlations in Price Changes and Volatility across International Stock Markets
  2. Volatility and cross correlation across major stock markets
  3. On the links between stock and commodity markets’ volatility
  4. On the impacts of oil price fluctuations on European equity markets: Volatility spillover and hedging effectiveness
  5. Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?
  6. The global financial crisis, financial linkages and correlations in returns and volatilities in emerging MENA stock markets
  7. Empirical studies on volatility in international stock markets
  8. Co-movements and Correlations Across Asian Securitized Real Estate and Stock Markets
  9. Stock Market Volatility and Macroeconomic Fundamentals
  10. Information demand and stock market volatility
  11. The VIX, the variance premium and stock market volatility
  12. Better to give than to receive: Predictive directional measurement of volatility spillovers
  13. Fast profits: Investor sentiment and stock returns during Ramadan
  14. Forecasting stock markets using wavelet transforms and recurrent neural networks: An integrated system based on artificial bee colony algorithm
  15. Integration of 22 emerging stock markets: A three-dimensional analysis
  16. A real-time adaptive trading system using genetic programming
  17. Disagreement and the Stock Market (Digest Summary)
  18. Heterogeneous real-time trading strategies in the foreign exchange market
  19. Estimating Trade Flows: Trading Partners and Trading Volumes
  20. Do Investor Sophistication and Trading Experience Eliminate Behavioral Biases in Financial Markets?

Updated on 02-13-2017