Binary options brokers
Where to trade binary options
Someone, who already has some kind of knowledge about binary options and found himself a strategy that has been proven either on a demo account or simply on paper, needs just one more thing.
They need to make real trades and transform potential profit into real profit. However, to manage this, they need a binary options broker. Choosing the right broker may sound easy, but you really should evaluate all options possible, because you want to make sure that the company whom you entrust with your money and whom you expect to return them with profit needs to be reliable.
Unfortunately, binary option trade industry attracts many frauds and scammers. In addition to that, you may stumble upon slow trading platform or long delays when withdrawing funds.
Choosing the right broker
The ideal binary option broker will do everything they can in order to help the trader make profits. That means they should have an easy registration proces and a simple registration form, but most importantly, an intuitive and well working trading platform. Such platform has to be agile and without any lags as precise timing is of essence in binary option trade.
It is always good to get an advice from a peer who trades binary options. Our friend’s experiences are important and we should always learn from them. Nevermind if you don’t know any trader. There are plenty of websites on the Internet which may help you select the right broker. You can also check out our broker comparison. All you need to do is to make the final decision. All brokers recommended on our website have been proven by thousands of traders.
The possible profit of options is also a factor which should be considered. What is binary option profit? It is a percentage which expresses how big the profit will be in case our trade is successful. If it counts 85 % and our investment is $100, in case of successful trade we will profit $85 in addition to the returned invested amount of $100.
Binary options deposit and withdrawal
Funds have to be deposited after a broker is selected. That means we transfer our money to the broker and afterwards the money will show up in our account. This is an important step if we want to invest and make real money.
Many payment methods for deposit are available, such as wire transfer, credit or debit card or Internet wallets (i.e. Skrill). This is also the preferred method as depositing with a credit card is safe and fast and therefore we can make our first trade in the matter of seconds.
Earned money can be withdrawn to our bank account or credit card. This will usually take 2 to 5 days. Afterwards we are free to use our money to buy anything we wish.
Binary option demo
Another criteria for selecting a broker is the possibility to try the platform using a demo account (for example here: https://xbinop.com/binary-options-demo/ ). This means we can try our strategies in a sandbox using fake money. After trying the platform we can decide better whether we want to invest real money with this broker.