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7 Binary Options
The concept of Forward Guidance for binary options trading is a fairly recent development for the financial markets. It is basically the practice of central banks holding press conferences right after they have made a major announcement concerning a decision that they have taken with regard to monetary policies. The main objective of forward guidance is in order to provide the markets with better clarity as to the reasons the decisions taken by the central banks. The central banks hope that by understanding the motives of the central banks, the financial markets will be more stable and less prone to spikes of high volatility. And the most effective ways for central banks to communicate their message to the financial markets is through the use of press conferences.
U.S Federal Reserve
The U.S Federal Reserve was the first of the central banks to start holding press conferences. It held its first regular press conference in April 2020. A supporter of better communication with the financial markets, the U.S Federal Reserve Chairman Ben Bernanke started the ritual of what is now a regular 2 part press conference after every two to three Open Market Committee meeting.
The Bank of England
The U.S Federal Reserve is not the only central bank which has recently adopted the concept of forward guidance. When Mark Carney became the Governor of the Bank of England in 2020, he instituted major changes with the way the Central Bank communicates about its rate decisions by introducing the concept of forward guidance.
The Bank of England’s Monetary Policy Committee (MPC) has never been known to hold a press conference after setting the interest rate level. However, ever since the 2008 financial crisis and with the interest rate level still low after several years, the Bank of England moved the release of the inflation report to the same day as the announcement of the new interest rate decision to allow for a press conference. The idea behind this move was in order to communicate better to the financial markets as to what the MPC is aiming to achieve with its policy decisions. And with this move, the Bank of England started the ritual of having press conferences after the MPC has decided on the interest rate level.
The European Central Bank
Likewise, the European Central Bank (ECB) also conducts regular press conferences after its rates announcements in line with the concept of forward guidance. In addition to holding press conferences, the ECB goes one step further by publishing the minutes of the Governing Council meetings to let members of the public know what had been discussed in the meetings.
Effectiveness of Forward Guidance Concept
During the Q&A session of the press conferences, the members of the public can pose their questions to the central banks. And it is usually during the time that the markets can experience periods of high volatility especially when the answers given by the central banks is not what the market expects. So if the markets are spiking instead of being more stable, how effective is the concept of forward guidance?
While in the short term the markets do tend to react with high volatility, in the long run these press conferences held by the central banks do provide better clarity to the decisions undertaken by the central banks. To gauge the effectiveness of the concept of forward guidance, the ECB actually conducts a study on how the explanations of monetary policy decisions given out during these press conferences are construed by the markets. The results of the study were published in the ECB Working Paper #767.
It was noted in the study that these press conferences actually have a bigger impact on prices in the market than the initial announcement of the central bank’s decision. However, it was also noted in the study that the fundamental reason why these press conferences have a bigger impact is due to the forward looking perspective provided by them especially when there is ambiguity surrounding the central bank’s decision.
So what can we conclude about the effectiveness of the concept of forward guidance and the role it plays in identifying trading opportunities for binary options traders? In the short term because of the higher volatility experienced by the markets, the concept of forward guidance does result in more opportunities for those looking for short term gains. However for the longer term, you are better off basing your trading decisions on fundamental analysis since the whole point of the concept forward guidance is to provide future guidance to the markets through better dissemination of information to the markets.
Nevertheless, you also consider the market that you are trading in when trying to analyze the impact that a central bank’s press conference might have on the overall financial market. This is because central banks interest rate decisions have different impact on different asset classes. For example, interest rate decisions affect currencies differently from equities due to their inverse relationship. So while an interest rate decision might be bullish for currencies, it has the opposite effect on equities.
But we cannot deny the fact that central banks all over the whole are starting to embrace the concept of forward guidance. And given the fact that press conferences are an integral part of this concept, binary options traders should start learning to see how they can incorporate press conference trading as part of their short term and long term trading strategies.
Best Binary Options Education 2020
Without a proper binary options education, you might as well move on and try something else. Binary trading is simple to trade, but difficult to win.
Der beste Broker fur binare Optionen fur 2020!
Ideal fur Anfanger!
2 Platz in der Rangliste! Zuverlassiger Broker.
Yes, picking the option of your choice on whether it goes up or down couldn’t get easier. Knowing which direction to choose is the trickiest part here. With our pages full of binary options course material and tons of other binary options trading content on this site, you should become a much stronger trader when you are finished. Welcome to the best binary options education site and make sure you take a free online binary option trading course.
Trading Tip – Find the best broker that works for you and your money.
If you want to find out more about us, the Binary Options University website and why it was created, read our About Us page.
Below you will find the start of our binary options curriculum. Through Binary Options University you will find beginner’s tips, tutorials, step-to-step guides and much more.
Ring Ring Ring. You’re late for your binary options class. We’ve all been there before. The cool thing is your actually not late at all. This information is available to you 24/7. Meaning, you can use your PC or laptop at home or even check us out on your new iPad. Either way, time to get to class and get the best binary options education you can find.
HOW TO: Get a Binary Options Education?
Binary Options 101 – The beginner’s guide to the basics of binary options trading.
Check out the list of binary options courses below. If you are new to binary options trading, we strongly suggest you go through all of these guides – starting with binary options 101.
Touch no touch binary options – Calls and Puts, Touch & No Touch Options, 60-second options etc.
Binary Options Payouts – How to secure the best payouts in binary trading
Binary Trading Strategies – How to become a successful trader and the tools to get you there
Best Binary Options Brokers– This guide will help you pick one or more of the best binary brokers online today.
Now that you’ve looked through our binary options courses, it’s time to practice trading risk-free on a real binary options platform. Check out our binary options demo account section on how demo accounts work, and which binary options demo accounts are free and best for beginners. Once you feel like you’ve had a bit of practice, it’s time to open a real binary trading account. Real money takes trading to the next level and we want to make sure you are trading with the best binary options platform online. We know that you’ve checked out our broker guide already.
Each of these brokers have proven to support their traders and provide the best trading experience. Customer support is also a big factor. If you haven’t checked out our reviews of each broker, please make sure you do that as well.
Top 4 Binary Options Brokers
IQ Option review – By far the strongest binary broker online offering all kinds of assets, from binary options to CFDs in forex, stocks and crypto.
NADEX review– The best binary options platform for U.S. traders with excellent customer service and great payouts.
Binary.com review – One of the most reliable binary options brokers available online offering binary options and forex trading.
OlympTrade app – Great way to trade on the go with your mobile phone on the bus or in the train.
The best CFD Broker who no longer accept binary options trading is 24option. You can read more about their trading platform and their Cysec License in the 24option review. Most other brokers that we have review has been moved to the binary option blacklist.
If you already have a trading account, make sure to keep coming back and checking this site for we will keep adding fresh content.
Binary Options Courses
We assure to keep your educated by offering articles and courses about binary trading and binary options robots. We have over the years kept a close eye on the binary options robot trend, which seemingly have vanished from the surface of the internet. It was a FAD that died in 2020 and today you only see weak copies and companies trying to relive the 2020 trend. The touch no touch binary options have also seen a decrease in popularity as the high yield options turned out to be too risky in the long run. It is great to get 500% return but if it doesn’t happen at least one in five times our binary option courses and analysis proves that it is not a good instrument and thus you should make sure to keep your binary options education up to date.
Class Dismissed. Put Your Education to Work and Trade with one of the Best Binary Options Education Sites.
***Binary options are prohibited in the European Economic Area. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This material is not investment advice. ***
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Fundamental and technical analysis in binary options trading
Technical analysis in binary options trading is based, in fact, on the processing of statistical information, which is displayed in a graph. Simply saying, this analysis will use special tools in online mode. The essence of technical analysis is to find patterns that allows to predict the best period to enter into the position. Here you can use levels of support / resistance, different patterns or shapes, and indicators and much more. As an example, will serve as a live graph, with which it is possible to predict the price movement of the underlying asset in the future. This is a definite plus in online Commerce. Due to this, today, technical analysis is considered indispensable in the practice of the majority of investors and traders, primarily in short-term trade.
Fundamental analysis is used in assessing the specific interest of the trader in the specific industry or the economic situation of the company. That is, the basis of this type of analysis is the analysis of investment attractiveness. Using fundamental analysis for binary options trading investor considers the asset based on embernet the impact of changes in the external and internal factors on the change in its price. In other words, fundamental analysis provides the opportunity to examine the adequacy of the current prices of the shares of the company, in which trader plans to invest. Also it allows to determine whether it is necessary to include these assets into long-term investment portfolio. Traders use such fundamental factors as: economic activities of the company or key indicators of the economies of the leading countries that have a direct impact on the international economy.
When it is better to use each of these analysis?
In fact, technical analysis is used by a trader no matter what style of trading binary options he uses. Difference will be only that sometimes it can be used not as the primary method, but rather as a complement to the ongoing fundamental analysis. For example, the trader trades intraday or in the short-term period, then he will not take into account the fundamental data. Right here the entry point in the position will be based strictly on the basis of technical data. But in the mid-time trade, as a primary method, you can use indicators of fundamental analysis, since this trade includes the management of positions up to 3 months. So, it is possible to use technical analysis as a subsidiary.
You should take into account the fact that the use of technical analysis in binary options trading will be significantly different from trading on any other financial market. If to trading on the Forex market, technical analysis will be focused on determining the point of trade entry and exit points from it. But trading at any other stock exchange you only have to predict the direction of price movement of options. This distinction allows beginners very quickly learn the technique of trading on binary options and start to earn on it.
So, let’s consider next situation for a better understanding of this topic. Let’s just say you have decided which shares interest you. Therefore you understand that except you this asset would be interest to other participants and major players of the market. The reasons for this strong interest can be mass, even the situation of a purchase or planned acquisitions of selected company to larger ones. However, you realize that the fair value of these shares of this company should probably be much higher than the present level. Therefore, relying on fundamental analysis you are definitely interested in them. Following this, you need to determine the point of entry with a very short stop point – which is already evidence of use of technical analysis. This point should be determined with the purpose of protection from unwanted results (loses). After all, impulse purchasing at a strong asset price rise without appropriate correction can lead to a loses. This situation illustrates how the trader can simultaneously use these two types of analysis.
In case of long-term investment, where the period of the holding shares may vary from one year to 10 years, or even more, a reference for buying it will be, actually a fundamental analysis. Because of this period, it requires analysis of the financial condition of the company, the aggregate economic state of the whole industry and/or alternatively, the search for undervalued securities of other companies.
Personally we advise you to combine these two types of analysis when forming an investment portfolio, especially, based on long-term assets. Let’s consider the following situation, in which you again are determined with the choice of relying on fundamental analysis. Logically you will not immediately invest the money in buying shares, but only at the moment when the price reaches the desired level. Hence the entry in position will be done when you see the suitable price, that may occur, as an example, at the approach of its values to the lower local minimum (lower boundary). But don’t take this as an advice or method, it’s just a simulation of the intended situation with long-term investment. In fact, there are much more models and styles than enough, based directly on the investment objectives of the individual investor. Therefore, firstly try to examine all necessary materials, make an adequate investment plan based strictly on your goals and objectives, before making any investments on a long term basis.
In conclusion, we want to note that technical analysis in binary options trading is as great and sometimes even indispensable tool. Using this it is possible very accurately to determine market trends. That is, it helps to predict the direction of prices of different assets, and therefore, open positions in the most favorable moments. But remember that technical analysis will work for you most effectively in the short term trade!
As for fundamental analysis in binary options trading, almost always it will be possible to identify the time for bargains. But only when it is conducted properly, given the variability of the political and economic situation in the world. According to this, the effectiveness of fundamental analysis would be most manifest in the long-term investment.
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“General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.”
20 Best Binary Options Brokers 2020
It is most likely that you have come across the term Binary Options while surfing the net, even if you don’t know what it means. Maybe someone told you, or you read somewhere that you could make impressive returns trading on binary options, and it sounded too good to be true. Maybe they said you could lose all your investment in a flash of a second, and got you scared to even try. There are many in similar circumstances with many questions about binary options lingering in their minds. Before we get to any aspects of Binary options, let explore what it is first, for the sake of anyone who is completely green to the concept.
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Binary options are a form of financial trading that involves a fixed amount of pay-off or nothing. That’s why it is called binary options anyway. It is either a 1/0 or Yes/No. There is no other option between. The trading is normally carried out online. The online trade is enabled by binary options traders. The trade involves a variety of instruments like fixed return options and digital options as forex, stocks and market interest rates. That explains why some people will tell you that you can quickly double your money, while others say you can lose it all. There is a lot of speculation among the masses about how binary options work. Many people have lost their hard-earned money because of lack of information. Before you get involved, it is prudent toe sure you understand all the risks involved. You should also work with a binary options broker that you can trust. There are many binary options brokers in the business.
We seek to bust the myths and present the facts as far as binary options and binary options brokers are concerned. There is a lot of misleading information circulating around. There are not many objective options broker reviews either. This is a review of some of the best binary options brokers. The review is essentially a binary options brokers list. The review will give you a deeper understanding of how they operate. The review seeks to arm you with relevant information before you get involved with binary options. Trading in binary options, otherwise known as hedging, can be a blessing or a curse to yourself depending on how you handle. We certainly seek to ensure it is never a curse. The review will explore various aspects of the binary options brokers such as
- Trading platform
- Minimum deposit
- Maximum returns
The review will also explore the various laws and regulations governing binary options trading in various countries. It will also highlight a few dos and don’ts as far as binary options trading is concerned. We cannot promise that you make a lot of money after going through the review, but we can promise to show you how not to lose all your money. Tag along and let’s find out what binary options trading is really all about, and find binary options trading best brokers as well.. Below is a binary options broker list with some of their terms of engagement.
Note: Based on my experience, I personally recommend IQoption , ExpertOption & Olymp Trade but please read the full review to select the one that suits you especially from first 5.
Best Binary Options Brokers 2020 Comparison Table
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
Best Binary Options Brokers 2020
1) IQ Option
IQ Option is a Seychelles-based online trading platform launched in 2020. It has found a lot of favor in South Africa. It is one of the best binary option brokers in South Africa. They claim to be one of the fastest growing online trading platforms, with over 25 million members to date. Their services include forex trading, stock trading, and ETF trading. There are binary options brokers too. They have over 10 million digital options on which you can trade. You engage in the binary options trade by speculating on the global market currencies, indices, stocks, and commodities movement.
IQ Option has a website and App on which you can trade. It depends on what you prefer or what is accessible to you. You go to the instruments menu and choose the asset you want to trade in. Each asset is assigned the current profit percentage. You then choose the duration that you want to explore the asset for. The end of the duration will be marked with a red line on the chart. The system will also set a deadline for making the selected trade. Then put up the value you want to trade and confirm using the call or put buttons. You have the option to sell the option before it expires. If you choose to wait until the end of the duration, you will get 95% profit if your prediction was correct or lose the investment if your predictions were wrong.
- The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
- The minimum investment is $1
- The maximum returns are 95% profit on your stake
- IQ Option offers no bonuses.
- IQ Option is certainly one of the best trading brokers.
Expertoption is a binary options broker with a global trading platform. The platform is available to people in over 150 countries across the world. Expertoption was launched in 2020, and it has 8,707,538 registered traders so far. Expertoption is an award-winning platform, having been recognized as an award-winning platform in the China Trading Expo Shenzhen, 6-7 May 2020. The broker offers up to 100 options of assets to trade with. Expertoption does not offer its services to residents of the following countries; USA, Canada, European Economic Area, Switzerland, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.
Expertoption operates both website and app trading platforms. You can log in to your account on any platform you feel comfortable with. They offer a free demo account too, for novice traders to first test their knowledge before investing any money. The platform has an education center for green beginners too. There is a lot of educational material on the center that you can go through and get relevant insight pertaining to binary options trading. The platform is quite responsive, and it runs 24/7. It offers the following technical analysis tools.
- Four chart types, eight indicators, trend lines
- Social trading – this feature allows you to watch other people around the world closing deals, or to trade with your friends
- The demo account gives you $10000 to try out with
The platform offers five types of trading accounts as follows;
- Basic – this account is for people who prefer a light start. The minimum deposit for this account is $50
- Silver – this account includes free consultations. Apparently, many people choose to start here. The minimum deposit is $500.
- Gold – this account offers you more privileges features and smart investment tips. The minimum deposit for this account is $2500
- Platinum – this account is regarded as the ultimate account for serious investors. The platform offers exclusive account management and their best expertise. The minimum deposit for the account is $5000.
- Exclusive – this exclusive account is only an invited-persons only account. It is reserved for people with the highest returns. You can contact your account manager about it, that is if you already have a platinum account.
The maximum returns can go up to 95% profit on the invested amount.
3) Olymp Trade
Olymp Trade is a Cyprus-based online trading platform launched in 2020. The platform boasts of over 20000 traders in a day. It is currently registering a growth 7% in payouts every month, with last month’s payouts totaling to $ 7 969 557. Olymp trade is yet another incredible option for a beginner. It has very insightful educational resources for trading. It is one of the best binary options brokers in Nigeria.
Olymp trade runs web, android and apple trading platforms. They offer a demo account that you can experiment with first before moving to a real account. It is one of the best binary options brokers with demo accounts. They offer 24/7 trading and over 60 assets that you can trade with. The trading platforms are quite responsive and self-explanatory. The process of setting up and completing a trade is quite simple. The platform also offers you trading signals from experienced VIP traders, to help you make profitable trades.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 92% profit on your stake
HighLow is an Australian based binary options broker. A number of platforms won’t admit Australian traders. This is one of the best Australian binary options brokers. It is a great platform for those who like trading for short duration times. It is one of the best 60second binary options brokers. The platform prides itself in a wide range of binary options and some of the highest payouts. They have done over 200% profit on investment payouts. HighLow runs on the MarketsPulse trading platform. It does not accept trader from the US though.
HighLow has a web, Android, and iPhone Apps trading platforms. They offer a demo account for beginners with a $50 bonus upon sign-up. It is one of the best binary options brokers for beginners. It allows them to test their knowledge before putting in all their money. You select the instrument you want to trade from the top toolbar. It has the current market value indicated on it. You then set up the duration you want to trade for and confirm. There is an expiration duration line beyond which you cannot make any changes on the investment. Your speculations should not go out of the set high and low marks.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 90% profit on your stake
- There is a bonus of $50 upon signup
- HighLow is one of the best binary options brokers with low minimum deposit.
Optionrobot is a high-risk high-return binary options trading robot service. If you are not shy of taking huge risks with high potential returns if all goes well, then Optionrobot the platform for you. The platform’s robots generate trading signals and execute the trade directly to your broker account. Optionrobot boasts of an 83% winning rate. That’s rather impressive. You might not want to stake money you cannot afford to lose on Optionrobot though.
Joining Optionrobot is quite easy and straightforward. You just sign-up, make a deposit and set up your robot to start trading. Optionrobot features three trading systems. The systems have different risk levels. They are;
- Classic System – this system has the lowest-risks, and the lowest potential income as well. It is considered the safest and secure. The prospects of making any substantial returns are quite slim though.
- Martingale System – this system offers you the highest possible returns, but also the highest risks. If you get it right on this system, you’ll be smiling all day long. The risks of losing your money remain high though.
- Fibonacci System – this is the most accurate system. It is a middle-ground between the two. It strikes the critical balance between returns and risks. You could lose money as much as you could win some.
The other important aspect of the Optionrobot is the trading indicators. These help you set up the robot. The robot monitors these indicators as long as it is active, and makes decisions based on the settings you provide. Optionrobot has six trading indicators that you can make use of. You can work with multiple indicators depending on your knowledge of them. All the indicators need to send a sell signal to the robot for it to sell though. They also need to all have a buy signal if the robot is to buy. The signals include;
Ayrex is yet another binary trading broker from Cyprus. Ayrex launched its platform in 2020. It is however not regulated by CySEC though. The company has applied for licensing from CySEC. The platform boasts of over 230000 subscribers to date. It also takes pride in some of the fastest trading speeds with 99.95% of its trades taking place in a mere 28ms. The platform allows direct or high low speculation on the trend of the asset you choose to trade with. Except for the being unlicensed Ayrex seems like the ultimate binary options trading broker.
Ayrex has a very interactive and responsive website. They also operate Android and iPhone Apps. You can choose to log in to any of these platforms depending on which one works best for you. Ayrex offers several trading accounts. One of the accounts that stand out is the Islamic account. Ayrex has put up an account for Islamic people, that is in full compliance with sharia laws. Trading on Ayrex.com is easy and straightforward.
- First, you register for a free account
- You will have to verify your identity
- You then make the minimum deposit of $25
- Click the start trading button
- Select the options you want to work with. Ayrex has a couple of options.
- Choose the asset that you want to trade with
- Speculate depending on the option you have chosen
- Stake the amount you want so long as it within the minimum and maximum investment values
- Confirm the trade before the deadline and wait for the results.
Ayrex may not be the best platform for beginners. There is not much learning material or guidance resources available. You need to know how to analyze the market and make correct predictions before you engage on the platform. Otherwise, you will be risking losing your capital. You can choose a demo account first before engaging on the real account so that you get to learn the ropes.
On the short-term direct speculations, Ayres pays up to 80% profits on the invested amount. The long-term or high-low speculations could attract a payout of up to 85% profits on the invested amount. Ayrex has frequent trade signals that have been proven to have a winning rate of 60%. That’s is not a winning rate you want to put your trust one if you are not experienced though, considering their payouts are a bit low. All factors considered, they are still one of the best binary options brokers 2020.
Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin or Ripple. The platform, unlike the others, is quite straightforward. You just buy the cryptocurrency of your choice under speculation that it will appreciate in price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.
There is not much to learn about the Cryptorobot365 trading platform. They have web and app trading platforms. You can choose any depending on your preference. The platform needs you just to deposit the minimum amount, select the cryptocurrency you want to trade in, and activate the robot. It is one of the best binary options robots. This model is a great option for people without sufficient knowledge about cryptocurrencies. Keep in mind that you could lose the money too. The platform has a demo account that you can use to try out first before you invest your money.
- The minimum deposit is $250
- The maximum returns are dependent on the margins of the sales made
Binaryrobot365 is yet another robot based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them. Binaryrobot365 claims to register up to 90% win-rate among it traders. It is a great platform for novice traders to try their hand in binary trading. Binaryrobot365 is one of the best binary options brokers in India.
Binaryrobot365 operates web and app platforms. You just sign up for an account, choose a binary robot service provider and switch on the auto-trade function. It is important to note that the binary robot you choose is a central determinant of whether you are going to make money or not. Make sure the service provider you settle for can be trusted. The robots are technically developed and are based on empirical data. Some of the market factors are non-quantifiable though. Therefore, the robots cannot guarantee you returns.
- The minimum deposit is $100
- The maximum returns are dependent on the broker you choose. The returns range between 85% and 90% profit on your investment.
Binary.com is a UK-based binary trading broker. It has been licensed by and is under the regulation of the British Isles, Malta, Ireland and the UK. It is one of the most transparent binary options brokers uk. It has made declarations of owning the company, and it is in charge of the market operations. The platform brings together aspects of gambling and binary trading. Its services include FX margins, Crypto trading via MT5 and CFDs. Binary.com offers you over 100 instruments to trade with. Binary.com also offers you interactive webinars, daily market reports and eBooks and videos for learning, all for free.
Binary.com operates a website and Android and iPhone Apps. You can log in to your account on any platform of your choice. The platform also offers you the option to trade on a virtual account before you move to a real account. Newbies to binary trading can take advantage of the virtual platform and learn the ropes. The platforms run 24/7 all year long. They have interactive and easy to understand charts to help you follow the market trends. The platforms are quite responsive too.
The minimum deposit for a bank transfer or by bank card is $10. Those with e-wallets can deposit as little as $5. You start trading by choosing an instrument to trade with and setting aside a trading duration. You have to have to complete the trade before the expiry time.
The return percentages are not fixed. They vary from time to time. You need to have more than 25 turnovers so that you can have a withdrawable amount. Binary.com also pays a 1.5% payout commission.
The bonuses are not fixed either. You can get two types of bonuses. There is the deposit bonus and the free bonus. You get the deposit bonus one you deposit money above a certain amount. The free bonus is given as per the results of your trades.
Finmax is a Bulgaria-based binary options broker. The platform was launched in 2020 and boasts of a team of financial market professionals who help people around the work trade in binary options. The platform does not admit US traders though. Finmax has a couple of awards under its belt. They are an indication of its prowess as far as binary trading is concerned. Finmax also offers some of the shorted trade durations. You can set the trade to last for as little as 30 seconds. You can also set long durations. They can be as long as six months, depending on your speculations.
The trading platform allows an easy sign-up process. It has a lot of educational materials. You have access to eBooks, videos and live webinars from the financial market professionals. Finmax also offers a free demo account that you can use to familiarize yourself with the account. Finmax offers five types of real trader accounts. They are;
- Bronze – this trader account has a minimum deposit of $250 and full access to all the features. It also attracts up to 25% bonuses and as well as a payout of 75% more than assets.
- Silver- this account requires a minimum deposit of $1000. It features risk-free trading for up to 25% of your deposit and up to 50% bonuses.
- Gold- this gold account requires a deposit of $5000. It features +2% of return per each trade and up to 100% in bonuses
- Platinum – this account requires a minimum deposit of $25000. It features +4% of return per each trade and up to 100% in bonuses
- VIP – this account requires a minimum deposit of $100000. It features +6% of return per each trade and up to 100% in bonuses
The accounts’ privileges rise with the account’s rank. The high ranked accounts have a lot more privileges.
Trading on the platform once you have the account is easy and straightforward. You choose the asset you want to trade in. You then choose the above and below points. These are the high and low points you are speculating the asset to remain within. You then choose the expiry time and complete the trade before the deadline.
Finmax offers up to 90% profits on the invested amounts. These are some of the highest binary trading revenues you can get.
FXMasterbot is yet another binary trading robot. It offers 17 forex pairs and five cryptocurrencies to trade with. FXMasterbot claims the platform made by a team of financial analytics professionals. It delivers trading signals after every minute. The system just like many robots, allows you to connect to your broker’s platform.
Engaging in FXMasterbot is quite simple. You just need to sign-up for an account, then fund your broker’s accounts and set-up the robot and activate it. The robot will trade according to the delivered signals. Unfortunately, the information available about the operation and payout of FXMasterbot is quite scanty.
You can log in into your account using the browser platform or the Apps, either Android or Apple depending on your preferences. It is not prudent to invest on a platform whose results you don’t know and have no way of finding out though. There have been various complaints from traders who have used the platform.
Binarycent is a forex CFD trading platform. You trade in binary options with forex as the asset. Binarycent has one of the lowest minimum investment amounts. You can invest as little as 10 cents on Binarycent. Binarycent works just like a majority of the other binary options brokers.
Binarycent offers three types of accounts depending on the starting capital you have. They are;
- Bronze – this is the lowest caliber trading account on Binarycent. The minimum deposit required is the $250. The account features 24/7 live video support, I hour withdrawals, 20% bonus, and a copy trading tool.
- Silver – The minimum deposit for this account is $1000. The account features all the privileges on the bronze account, plus 50% bonus, master class training, and first three risk-free trades.
- Gold – this is the highest caliber account requiring a minimum deposit of $3000. It features all the features in the silver account, plus 100% bonus, and a personal success manager.
Binarycent also offers a demo account for novice traders. You need to have a certain level of knowledge before you decide to engage in the platform though. Once you have one of these accounts, you can go ahead and choose an asset to trade with. Set up the duration and put up your stake.
Binarycent has maximum revenues of up to 95% profit on the staked amount. You can access the platform through your windows or mac browser, as well as through an Android or Apple App. Their methods of funding the account and withdrawing are quite simple. Unfortunately, the platform offers no trade signals. Your trade is solely based on your analysis and speculation, unless you have the Gold account. You can get some advice from your success manager. Either way, the decisions are still all yours. The manager can only give pointers.
Binarymate is a UK-based binary options broker. The UK has strict regulations for binary options trading. Binarymate is registered in the UK, and it accepts US traders too. It is one of the most reliable and secure binary options trading platforms. It is actually one of the most trusted binary options brokers. Binarymate offers more than 100 assets to trade with. It boasts of 5372 trading accounts in the system and $ 3452175 worth of trading volume in the last month. The platform also offers a lot of training and educational materials that newbies can take advantage of.
Binarymate operates a proprietary website, but they don’t have either android and iPhone Apps. You can conveniently access the platform from any device of your choice. The platform is quite easy to sign-up to. They have three types of accounts, each with a minimum deposit. The perks of having an account with Binarymate include;
- 24/7 live video support
- 1-hour withdrawal processing time
- Secure trading and data protection
The accounts are;
- Bronze- the bronze package features a minimum deposit of $250. You will also get a 20% bonus on your deposit.
- Silver- this account requires a minimum deposit of $1000. It also comes with a 50% bonus
- Gold- this is the highest caliber account. It requires a minimum deposit of $3000. It allows you to choose between a bonus of $250 or risk-free trades.
Binarymate offers stellar customer care support and through their live chat video agents. The agents are available 24/7. It is the best binary options brokers with low minimum deposit uk.
You have the option to start with a demo account if you are a novice to binary trading. You do not have to invest your money before you have learned the ropes and risk losing it. Binarymate is one of the few offshore binary options brokers US. It also one of the best binary options brokers usa.
- Minimum deposit: $250
- Maximum returns: 90%
- Bonuses: up to $250, risk-free trades
Raceoption is yet another highly rated binary options broker. Raceoption is UK-based and is subject to the UK’s strict laws and regulations. The brokerage was launched in 2020, and it has one of the friendliest platforms. Raceoption accepts traders from all over the world, including those from the US. The platform boasts of average trader earnings of 1217 per month. It has 1570 traders as at the moment and more than $1.9 million in trader earnings per month.
Raceoption operates a user-friendly proprietary website and an App on both Android and Apple platforms. Raceoption offers three types of accounts. You can sign-up for any one of them depending on the starting capital that you have. The platform offers you over 100 assets that you can trade in. Trading on the platform is quite easy and straightforward too. Below are some general steps;
- You first select the asset you want to trade in on the drop-down menu.
- Choose your preferred expiry time
- Choose the amount you want to invest
- Confirm the trade before the deadline allowed
- You will profit with a fixed amount if it turns out you were right.
Raceoption has the signature three accounts. They are;
- Bronze- this account requires a minimum deposit of $250. It features a bonus of 20%, 24/7 live support, I hour withdrawal, demo account and copy trading tool.
- Silver– this account requires a minimum deposit of $1000. It has all the features in the bronze account, plus 50% bonuses, a master class training, first 3 risk-free trades and an individual account manager.
- Gold- this is the ultimate account on Raceoption. It requires a minimum deposit of $3000. It has all the features in the silver account, plus integrated technical analysis, and up to 100% in bonuses.
Raceoption has a wide range of funding and withdrawal methods. You can choose one that suits your convenience. Raceoption has up to 90% payout profits. These are some of the highest payouts in the industry. Many brokers do not admit USA traders. Raceoption is the best binary options brokers for USA traders. It is one of the best us regulated binary options brokers.
Automatedbinary is a binary options trading robot. It is a great service for novice binary traders and veterans as well. It allows you to work with several binary options brokers. You can connect your robot account with several binary options brokers too. Automatedbinary offers you three robots plans depending on the level of risk you are willing to take. Keep in mind that high-risk options mean you can easily lose the money, but you will get a pretty sum if you turn out to be right. Low-risk options may not have high returns even if you are right.
Automatedbinary runs a proprietary website and an App on both iPhone and Android platforms. Engaging on the platform is quite simple. You just sign up, choose the broker you want to work with, and fund the broker account. Keep in mind that the payouts and bonuses you get are dependent on the broker you choose. The brokers have different accounts on offer depending on the amount you can deposit as the minimum deposit.
You then embark on setting up the robot. Choose the risk plan you are willing to work with. Automatedbinary offers three risk plans. They include;
- Safe classic – this is a basic low-risk plan. It is a great place for novice traders to begin so that they have time to study the trends before possibly losing a lot. You can set the trade amounts to be anywhere between $5 and $500.
- Compound martingale – this is a high-risk plan. It is mainly used by casino gamblers. This plan is better for a veteran who has studied the trends for a while and knows what to do when. You can easily lose the money on this plan, but you will be smiling all day long if you turn out right.
- Accurate Fibonacci – this plan is a middle ground between the latter two. Many traders choose this plan. It represents reasonable risk levels and impressive returns when your speculations are on point. You could still lose though.
The next part of setting up the robot is the match indicators. The indicators are the prompts that tell the robot when to buy or sell. Automatedbinary offers six indicators. You can choose one that you are comfortable with, or multiple if you know how to work with them. Keep in mind that the indicators must send identical prompts for the robot to execute any trade. If you are using two indicators, both indicators might signal to buy for the robot to sell. It applies the same if you are using six of them. More indicators reduce the risk involved in the trade. However, you might end up with zero or very little returns if you combine too many indicators. Automatedbinary works with the following indicators.
- TREND indicator
- CCI indicator
- RSI indicator
- Williams indicator
- Stoch indicator
- MACD indicator.
Zoomtrader is a Belgium-based binary options trader. Just like many others, it offers the opportunity to trade in stocks, forex pairs, and commodity movement. Zoomtrader has a very interactive platform. However, the platform has no information about its previous trades or revenues generated. That is always a red flag.
Just like all the others, Zoomtrader offers web and mobile trading platforms. It features three types of trading accounts. The accounts are as follows;
- Bronze – this account requires a minimum deposit of $1000. It has one trading strategy, weekly market reviews, and an introductory video course.
- Silver – this account requires a minimum deposit of $5000. It features two trading strategies, daily and weekly market reviews, introductory and advanced video course.
- Gold – this account requires a minimum deposit of $100000. It features five trading strategies, daily and weekly market reviews, introductory and advanced video course, individual account manager, weekly one-on-one trading sessions and same day withdrawals.
ZoomTrader features payouts of up to 83% profit on investment and bonuses of up to 100% on the first deposit.
Hyoption is a binary options broker that is licensed by CySEC. It is owned by a company called HYCM based in Cyprus. Hyoption just like many other brokers allows you to trade in binary options using various assets. It offers up to 100 assets that you can trade with. Hyoption does not offer much information regarding how many subscribers they have on the platform, or the revenues collected. Their trading platform has similar features as many other brokers that we have reviewed.
The Hyoption trading platform is user-friendly and features most of the basic features we have become accustomed to. They operate both proprietary webs and Apps on both Android and iPhone. The system allows you to choose an asset of your choice and speculate on its trend over a preferred period of time. Hyoption have a wide range of options with regard to time. The options range from 30 seconds options to 1-month options.
Hyoption has a very straightforward and easy to use the account. The minimum deposit for a Hyoption account is $100. The minimum investment amount is $5. It offers maximum payouts of up to 83% profit on the invested amount. Hyoption offers bonuses of up to $10000 for new traders. The bonuses are subject to terms and conditions regarding their withdrawal though.
24option is an online trading platform based in Belize City, Belize. It has been around since 2020, and it is one of the most stable and reliable trading platforms. It is under the rules and regulations of CySEC (we are going to talk about this later on in the review). 24optios’s binary trading is enabled by a third-party entity named TechFinancials trading platform. 24option does not accept traders from the US and Australia.
24option has a website and Apps on both play store and Apple store. Once on the platform, you choose the CFD (contract for difference) you want to trade with on the upper toolbar. There is a filter to control the CFDs you want to see. The platform features indices, forex, stock, and commodities. Next is to choose the direction in which you want to invest. There are numbers in the Buy/Sell buttons that indicate the points required to pass for a successful trade. You trade has to be higher than the number indicated in the buttons. Then choose the duration for which you want to trade and confirm. The graph will show you the progress of your trade. Green means your speculation is positive while red means they are negative.
- The minimum deposit on 24option is $250
- The minimum investment is $24
- The maximum returns are 88% profit on your stake
- There are bonuses of up to 100%
- Regardless of a high minimum deposit 24option has already carved a name for itself as one the best option trading brokers.
Binomo is yet another Seychelles-based binary options broker that has been in operation since 2020. It has been providing brokerage services for Russians. Binomo is registered and regulated by the EU. Binomo prides itself on unique and affords trading conditions. It is hailed as one of the safest and most reliable binary trading platforms in the industry. It is a great platform for binary trading newbies too. It has a wide range of training resources.
In 2020 Binomo had the best trading platform. It still has one of the best trading platforms today. When the platform was launched in 2020, it shook the market and won Binomo a huge chunk of the market. Binomo offers up to 80 assets that you can trade with. The assets include some of the worlds largest companies. Binomo offers four types of accounts each with different privileges depending on the minimum deposit. The accounts are;
- Demo account– this account is meant for novice traders to experiment before they start staking actual money.
- Standard account– the minimum deposit for a standard account it as low as $10. This account allows you access to the real market and analytical support. You can also take part in tournaments and special offers. This account has payouts of up to 83% profits on the staked amount.
- Gold account– this account has a minimum deposit of $500. The privileges of this account include an expanded list for trading assets, a personal manager, bonus funds and 5% refund on losses. This account has payouts of up to 86 % profits on the staked amount.
- VIP account – this account attracts a minimum deposit of $1000. It is accompanied by privileges such as 10% refund on losses, the widest choice of assets, personal manager accessible on skype, and 4 hours withdrawals. This account has maximum payouts of up to 90% profits on the staked amount.
Best Binary Options Broker Selection Guide
The reviews above are meant to give you insight about how binary options trading works and the various brokers involved. Our aim is to ensure you have a blissful and profitable trading experience. It would be unfortunate for you to invest your hard-earned cash into a certain platform, only to lose it all. Before you settle on any of the brokers, there are a few common factors you are supposed to consider. The factors are;
Licensing and Regulation
The binary options brokers are supposed to be licensed for operation by the relevant authorities. They should be operating under the regulation of these authorities. The regulation is always in place to ensure you are protected from scams. If you are not a financial analysis professional, it would be difficult to tell whether the market trends being displayed on the charts are real. The regulation is meant to ensure the brokers do not take advantage of the naivety of some traders. Regardless of any reviews you might have seen about various brokers, ensure the broker you choose to trade with is licensed and under regulations. For instance, CYSEC is one of the most respected regulation bodies. It regulates brokers based in Cyprus. It might be challenging to best binary options brokers for us traders because of USA’s tight regualtions.
Ultimately, you can only invest the amount that you have. Take time to explore the various binary options brokers whose minimum deposits you can meet. Fortunately, many of the brokers have broken down their services into various packages for people with different financial capabilities. Check relevant reviews to find out which of the brokers whose minimum deposit you can meet is best for you. They are a number of brokers with very minute minimum deposits.
Different brokers offer different percentages of payouts. Obviously, everyone would want the broker with the highest payouts. Compare the payout and other factors such as customer support, market signals and tips, educational materials, and others. This will help you judge how fair the payouts the broker is offering are.
The reviews and guide above should help you choose your best-suiter binary options broker. We sincerely hope this review can help you trade in binary options profitably. The review has some of the top binary options brokers. You should be able to get a great binary options broker. Happy trading!
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