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Reliable Binary Trading Brokers

Binary options were introduced in 2008 and they have become extremely popular as a new type of investment instrument in a very short period of time. Trading in binary options is all about you predicting the price direction of an underlying asset. If by the contract expiration time, the underlying asset’s price moves as you had predicted, you will earn pre-determined profit. On the other hand, if your prediction happens to be wrong, you will lose the money invested to purchase the position. As there can only be two outcomes in the case of binary options, they are also referred to as all-or-nothing options.

The beauty of binary options trading is the simplicity and predictability that it offers. The decision that you have to make is very simple: High or Low/Above or Below. If you believe that the price of an asset will finish higher, you purchase a Call option. On the contrary, if you believe that the price of the asset will be lower by the expiration time, you can purchase a Put option. In terms of predictability, you cannot lose more than the money you invest in a trade. However, you need to develop a clear understanding about the markets and the impact of economic, political and technical news on the prices of assets. You also need to develop your capability to read price charts of assets to determine support and resistance levels if you want to succeed and achieve your financial goals through binary options trading.

It is not enough if you are well equipped to deal with binary options trading. You need the support of reliable binary trading brokers. If you go through several binary options trading platforms, you will notice that the features offered by most of them are more or less the same. This is because most of them make use of white label software programs designed by a few companies. Therefore, you may find it very difficult of determine whether the broker is reliable or not if you judge only on the basis of the platform features.

Guide to Choosing Binary Trading Brokers

As of now, the binary options market is largely unregulated and, therefore, an important factor that you need to consider is the broker’s financial solvency. This is because most scam accusations are related to the money aspect. The three key aspects about the platform provided by the binary options brokers that you must verify to your satisfaction are payout commitments, ease of withdrawal of funds from your trading account and bonus deposit bonuses offered.

Payout Commitments

It pays to be wary of the payouts being promised by the binary trading brokers. If you feel that the payout being promised by the broker is impractical, it is best to avoid them. This is because they will not accrue profits if they pay off too much. Reliable binary trading brokers always make payout commitments that are reasonable and refund a part of your investment if your prediction happens to be wrong.

Withdrawal of Funds

You must go through the withdrawal terms and conditions in detail even before registering on the website of the broker. The first thing that you must find out is whether it is possible to with draw funds through the same method made use of for depositing funds. The next aspect to be checked is the time required by the broker to process your withdrawal. If the broker requires 2 to 5 days for processing your withdrawal, it is reasonable. However, it is a matter of concern, if the broker asks for more time, as it raises doubts about the ability of the broker to make payments on time. There will not be any room for such concerns in the case of reliable binary trading brokers.

Deposit Bonus

Brokers offer deposit bonuses to encourage you to transfer funds to your account and start trading. However, you must keep in mind the fact that nothing comes free of cost. You will not be allowed to withdraw the money deposited along with bonuses immediately. You may have to either carry out a minimum number of trades or turn over a specified amount in order to become eligible for a withdrawal. You can, however, avoid brokers who put in conditions that are too difficult or impractical to satisfy.

Here is a list of some of the reliable binary trading brokers that our research team has identified:

24option (European regulation pending)

Founded: 2010
Headquarters: Cyprus
Minimum deposit: $250
Payout for successful trades: up to 89%
Payback for unsuccessful trades: Nil
Bonus: up to 100%
Withdrawals: minimum withdrawal amount – $10; free withdrawal – one per month; charges for additional withdrawals – $30 per withdrawal

Vantage FX (ASIC and FSA regulated)

Founded: 2006
Headquarters: Sydney, Australia
Minimum deposit: $100
Payout for successful trades: up to 85%
Payback for unsuccessful trades: Nil
Bonus: Nil
Withdrawals: no internal fee; facilitated through bank wire transfer

TradeRush

Founded: 2011
Headquarters: Cyprus
Minimum depsosit: $200
Payout for successful trades: up to 81%
Payback for unsuccessful trades: up to 10%
Bonus: up to $5,000
Withdrawals: through selected deposit method; minimum withdrawal amount – $30; first withdrawal in a month – free; charges subsequent withdrawals – $30 per withdrawal

OptionsXO (not regulated)

Founded: 2012
Headquarters: London, U.K.
Minimum deposit: $25
Payout for successful trades: up to 89%
Payback for unsuccessful trades: Nil
Bonus: up to 100%
Withdrawals: minimum withdrawal amount – $100; fee for withdrawal – $25

Anyoption (not regulated)

Founded: 2008
Headquarters: Cyprus
Minimum deposit: $100
Payout for successful trades: up to 71%
Payback for unsuccessful trades: up to 15%
Withdrawals: no minimum withdrawal; free – one withdrawal/month; fee for withdrawals – $30/withdrawal

Banc de Binary (CySEC regulated)

Founded: 2010
Headquarters: Lissamol, Cyprus
Minimum deposit: $250
Payout for successful trades: up to 91%
Payback for unsuccessful trades: Nil
Bonus: up to 100%
Withdrawals: no minimum/maximum withdrawal specified; no fee for withdrawal

EmpireOption

Founded: 2010
Headquarters: Montevideo, Uruguay
Minimum deposit: $100
Payout for successful trades: up to 75%
Payback for unsuccessful trades: up to 10%
Bonus: up to 40%
Withdrawals: minimum withdrawal amount – $100 but a certain number of transactions have to be completed depending on account type; first withdrawal in a month is free, but subsequent withdrawals are charged on the basis of account type

May 14, 2013: posted in Binary Options Education 1 Comment

One Response to “Reliable Binary Trading Brokers”

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