Templates by BIGtheme NET

How to Choose Brokers binary options platforms

To operate on the market of binary options you need to choose an online broker, among other things, the advantage is that you don’t have to download any software, you can trade directly from the web platform of the broker.

The broker is the company that provides you all the tools, the web platform and the stock exchange quotations for operate and invest.

Thanks to the remarkable success of the binary options , there are so many brokers recently specialized in this field. We certainly can’t tell you what is the best for you because the demands vary from person to person, but we can suggest you how to choose a broker and which features take into consideration.

For example, if I told you that the broker “A” pays a profit del’85% in the case of positive forecast, but that doesn’t pay anything in case of loss, while the broker “B” pays 70% in the event of a positive forecast , but reimburses 15% in case of loss, which would you choose?

If a broker pays a profit of 90% but allows for only one type of trading binary options, while another broker pays a slightly lower profit but allows you to work with different tools, which would you choose?

Or, if a broker allows you to open an account with only $100 but then puts strong restrictions, while another broker requires a minimum deposit of $500 but allows you to operate without special restrictions, which is the right one for you?

Whatever you need, we have decided to help you reviewing only the best binary options brokers on the basis of certain parameters. Don’t forget to limit your attention only on bonus or profit potential, because other factors such as the customer support, the platform, the modes of withdrawal are needed for a good job.

Minimum deposit

To start your own business as a trader you have to deposit money and in this regard every broker establishes a minimum deposit to get started. Usually the minimum deposits vary between 100$/€ and 300$/€.
We have also indicated the minimum deposit of brokers reviewed, you can access them in the section (binary options broker)

Maximum Deposit

For many will certainly not be a problem, but for some more enterprising traders could be relevant to have a limit to the deposit. In this case, remember to always read the conditions of the broker. Usually the Maximum Deposit is €5.000 – €10.000.

Minimum investment on a single trade

This is the most interesting point of the argument, probably because it is important for any trader to know how much to invest to open a position. The minimum positions start at $10, but for some brokers are also $25. So be careful not to open accounts by $100 if you can’t afford to invest $25 per transaction, because the money management ends badly.

Maximum investment

Another limitation to consider is the maximum investment per transaction or in total. Even in this case the limits of the brokers are high enough, then there should be no particular problems in this regard, however, if interested, you can read the FAQ on the site and ensure their limits. Without information you can certainly find an answer by contacting the customer service.

Bonus

Some brokers offer bonus on your first deposit, often thousands of euro, these bonuses can be used to operate, but before taking them, they must be unlocked. The bonus indeed may not be taken if the received sum isn’t invested several times. We have classified the brokers according to the number of times that the bonus must be invested.

Underlying assets

The underlying assets are the instrument on which the options are issued, forex, equities, commodities and indices. If you want to invest in a particular index or currency pair, before depositing make sure that the broker may offer you this possibility. Usually, all brokers provide the flexibility to operate on all the major exchange rates such as EUR/USD, AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CHF, USD/JPY, about the major indices, the shares of international level, and the raw materials such as gold, silver, oil and copper.

Types of options

There are three main types of options, these are the High/Low, Touch/No Touch, range, and sixty seconds. Not all brokers offer the same instruments, for example, some have specialized only on a single typology, so even in this case, if you want to trade on a specific type of options, make sure that the broker may offer you this opportunity.

Expiration

Not all options have the same expiration, some expire within 15 minutes of purchase, others are daily, weekly or monthly. For example, if you want to invest on options with short-term you can select those that expire within 24 hours. If you want to invest, having in mind a longer period of time, you can invest in those with a weekly or monthly dead-line.

Support

The companies that allow you to invest in binary options are often registred abroad, even if European. Most of these, certainly the largest and most reliable, have their own site fully translated into several languages, and offer assistance by phone, email or chat multilingual, including italian. If you have difficulty with the English language, make sure that the chosen broker offers assistance even in the Italian language. The assistance is an important element, so don’t overlook the possibility of having contact, fast responses and discussions in your native language to easily solve technical problems.

Deposit/withdrawal tools

All brokers with self-respect have an appropriate section dedicated to methods of deposit and withdrawal. There are usually accepted all major modes of deposit and withdrawal, such as credit and debit cards, bank transfers and other electronic instruments such Paypal, Moneybookers, Neteller, Western Union ….
Don’t forget that some useful tools for deposit will not be accepted for withdrawal.

About Simona

Leave a Reply

Your email address will not be published. Required fields are marked *

*