publish2017-08-21 6:44 pm

backBack to the list of Articles

Which Broker should I choose for Binary Options Trading?

with broker for binary options

Choosing your broker is a personal decision with the potential to be considered as one of the most important financial decisions you have to make. Your broker not only has to follow your indications to the letter but also he needs to give you or offers some vital support and learning tools to maximize your profit potential and help you increase your win rate.

Review his reputation and trading history.

Before trusting your money and time to someone, you are required to go over his professional trajectory and success rate. The longer his has worked as a reliable broker, the easier for you to trust him as your broker. Particular attention must be pay to his former and current customer reviews and opinions. The negative comments are the one that requires significant investigation, try to contact the authors of any adverse comment and explore the reason behind it. Do not feel afraid to ask directly to the broker for any clarification you need before hiring him.

Minimum and maximum bid

Read carefully what is the minimum amount and the maximum sum of money your broker deals with, and be sure it adapts to your bidding pattern and investing strategy. Additionally to the preset amount, you need to ask for the periodicity, or how many times he will buy or sell your assets per day. Write down all you question and be sure he answers them appropriately.

Broker operational hours

Your binary options broker has to be available during your operational market hours. He needs to work during the time in which your options are trading. This point is paramount, particularly if you trade in several stock markets, be sure his working hours are the same as your trading hours.

Does your Binary options broker offer all the probable trading options?

Ask if he works with short term options, mid-term and long terms, strike price, etc.  How soon do you need to buy your options? Alternatively, with what anticipation do you need to make a call or a put for him to process? Binary options, as well as the technical analysis, are time sensitive, and you need that your broker is ready when you get the information to make a choice and buy your options at the right time.

Payments methods

It is rather simple since most brokers accept credit card payments. However, be sure your broker offers your preferred payment methods, and it will cover your investing amount.

Withdraw minimum amount and processing time

Ask for the lowest sum of money your broker will pay you after your options ended in the money. Which withdrawal options he offers e.g. transfer, wires, PayPal, etc. On the same token, investigate the processing time and how often can you withdraw money from your account and any related fee.

The best broker on the market for trading binary options and forex is IQ Option

iq option main banner

Relates Tips and tricks...

publish2018-04-25 5:49 pm

GameCredits Review- Cryptocurrency Guide

GameCredits is also known as GAME which is a project that is based on blockchain and it aims to become a single payment solution for the online gaming community. However, on the official website of the project, the team has shared their mission to become the universal currency for 2.6 billion players around the world.

Read more...

publish2018-04-24 3:24 pm

Humaniq Review - Cryptocurrency Guide

There are many other online banks that are making use of blockchain technology, but this project has taken a much expanded approach for online banking with the help of blockchain technology. However, the team aims to connect billions of people from around the world that have no access to the bank.

Read more...

publish2018-04-22 5:52 pm

Bytecoin Review - Cryptocurrency Guide

Bytecoin is the first type of cryptocurrency which ensures that secure CryptoNote protocol can be used for the security of users. It provides 100% untraceable transactions with the help of ring signatures and stealth addresses. However, the algorithm of Bytecon which is known as CryptoNight was created by BCN developers in collaboration with CryptoNote team.

Read more...

Leave a Reply

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

*

Economic Calendar

Powered by Myfxbook.com

The information contained in this website is for general information purposes only. This information is not an alternative to investment advice. Financial instrument and investment options are highly complex instruments, any potential client needs to study and fully understand the risk and financial implication before he engages or stars using any of those. We encourage searching for private and expert financial advice and getting sufficient knowledge before you start trading and every time you consider any financial instrument. Statrader.com is not licensed nor authorized to provide investment advice or investment services. Statrader.com does not promote, advice, or make any personal recommendation to clients to trade binary options nor to hire or work with any binary trade broker. This website is independent of binary broker featured on it. Before any client star trading or use any broker service, he must do his own investigation about broker legal license, registration and government authorization to ensure his suitability, and client must completely understand all the risks involve with any financial instrument and/or trading options or opportunities before he even considers start trading. The information is provided by Statrader.com, we make no representations of warranties of any kind, express or implied about the accuracy, reliability, suitability with respect to the website. Any reliance you place on such information is therefore strictly at your own risk. This Statrader.com has financial has financial relationships with some of the product you see on this website. Strader.com may be compensated every time a potential client click any of those links and/or open an account of hiring any of the services offered by third parties. Binary options trading entail a high risk for all potential clients to lose all of their invested money.

Copyright © 2017 · statader.com

Recommended Crypto Exchange for Beginners
bitbay banner
Popup