Today , binary options trading can provide investors with tremendous opportunities that can be realized through a good broker. His right choice not only contributes to a quick stable income, but also will improve his professionalism in trading. When considering binary options, brokers (the best) should be studied very carefully.
How to make an unmistakable choice?
It is worth noting that absolutely perfect brokers do not exist. Any trading platform provides any range of tools that has its own characteristics. For this reason, the most successful traders resort to the services of several brokers at once, using several trading combinations in parallel. This allows you to make up for the shortcomings of one platform with the advantages of another.
Obviously, the choice of a broker should be carried out with a serious approach. It should always be remembered that all future prospects will depend on this choice. And first of all, it is necessary to study the rating of companies that offer their services in such a field as binary options. Brokers (the best) must meet certain criteria.
By what criteria is the choice made?
The shortest list of details that you should definitely pay attention to is as follows:
- withdrawal of funds;
- customer service;
- commissions;
- the interface where the trading platform works;
- technical support;
- degree of security of your data.
The main parameters for choosing a broker for each trader (beginner or professional) should be reliability, fast and high-quality client support, a well-equipped and convenient interface, as well as confidentiality. All this plays a crucial role in the successful trading of assets such as binary options.
Brokers are the best - how to identify them?
Reliable can only be considered a broker that allows you to quickly withdraw money earned, and offers several ways to do this. It is no secret that some potential investors cannot decide to start trading binary options precisely because of financial concerns. To eliminate such suspicions, you should opt for brokers who make money withdrawals to electronic wallets, bank cards or through electronic transfers. Also, attention should be paid to the presence of a commission, which is present when withdrawing funds in some cases for binary options. Brokers, the best in this regard, do not charge any additional amounts for transactions, as well as for withdrawals.
Website Support
Another critical criterion is the speed of technical support. Any investor, regardless of his experience in trading, will encounter certain issues that may affect both technical and material issues. It is possible that such problems as a system failure, a delay in payment during withdrawal, a desire to use a new tool for trading, and so on. High-quality and timely support in such cases not only ensures peace of mind for the participant in the trade, but also protects the funds earned by him, since even seconds can play a big role in binary options.
In addition, binary options trading is carried out at any time of the day, which means the need for round-the-clock support. It can be expressed both in the form of an online service (correspondence by e-mail or chat), and in the form of a hotline. Its main goal is a very quick and correct reaction to incoming messages.
Specialists working in technical support must understand trading on the stock exchange in general, and not only in technical and financial matters. Only in this case, the trader will have the opportunity to fully discuss the problem using professional terminology and get the necessary advice on the operation of the platform. You will also be able to study in detail the features of transactions and binary options. Russian brokers, as a rule, are capable of continuously providing such a service.
Interface role
When choosing a broker, a lot depends on the quality of the platform interface. This is due to the fact that trading takes a long time, and a simple convenient picture before your eyes will have a beneficial effect both on the morale of the trader and on his profit. Most brokers offer one of the trading options with a very short expiration time, in which everything depends on the speed of decision-making. With this kind of trading, any technical complexity can cause a loss of profit.
The interface should contain all the necessary information that will allow you to quickly make a responsible decision, but extra details are completely unnecessary. This will only lead to a decrease in trade efficiency. In order to make the right decisions, the emotional attitude of the trader must be correct and even. For this reason, the platform interface can be compared with a workstation, which simply must be comfortable.
Some brokers allow you to study the features of such activities well, offering to initially test trading on a demo account. In this case, transactions are made with virtual money, and there is no loss of profit. However, some experts argue that this will not give full training. From this point of view, the best option for beginners may be a binary options broker with a minimum deposit.
privacy policy
In addition, the confidentiality that it provides regarding the investor’s personal information is a rather important parameter when choosing a broker. The account, the state of the account, the amounts that were withdrawn - all this is classified information, and brokers are not entitled to disclose it. Such confidentiality is a strictly mandatory factor. Any broker is required to provide you with such guarantees.
Also among the factors that matter include training on the broker's website and information support. Some platforms offer to regularly get acquainted with the newsletter of relevance to trading on the exchange, as well as constantly conduct certain training webinars.
As follows from the above, when choosing a broker you need to make a balanced and strictly objective decision. It will take some time to study the chosen platform, but this is a necessary condition. In order for a trade to be successful, you must consider all circumstances.
The most famous representatives
To date, the top binary options brokers can be represented as follows:
- Olymp Trade.
- Binomo.
- Finmax.
- 24 option.
- Alpari
- IQ Option.
- The binarium.
- Utrader.
The top binary options brokers to date are led by OlympTrade and Binomo. Which one will be the most suitable? The trader must make this choice independently, depending on the trading experience and planned deposits.
Olymp Trade
Olimp Trade binary options broker is registered in Cyprus and, accordingly, operates according to the laws of this republic. The activities of this broker began recently, in 2014, but almost immediately he received a lot of good reviews. The activities of the CROFR company are regulated, which only confirms its seriousness and quality work. The platform for trading OlympTrade is designed for the work of Russian-speaking traders, and the support service accepts tickets around the clock. As follows from the reviews, a positive feature of this broker can also be called favorable conditions for the start of trading. To carry out the first transactions, it is enough to have only 10 dollars on the account.
Trade operations themselves can be performed in very small amounts - from one dollar. The platform for doing business is very simple and highly functional. This binary options broker, the reviews of which are positive, is ideal for beginners, as the trading process is easy and does not cause great difficulties.
However, the broker offers only one type of contract for trading. Only Call-Put options are available , other transactions will not work. The choice of the underlying asset is also somewhat limited - you can not choose more than thirty. The expiration time offers a minimum period of one minute for the contract, while the maximum is an hour. Thus, this broker is best suited for beginners.
Binomo
The binary options broker works according to the rules closest to the action of classical exchanges, however, transactions are made easier. How is trading done? The trader makes a certain forecast about the closure of the asset at a value different from the current one (lower or higher). Binomo (binary options broker) provides an opportunity to work with the main exchange assets: currency pairs, stocks of companies, as well as leading indexes. According to reviews, its trading platform looks extremely simple and functional.
How trading takes place, you can immediately guess intuitively immediately after opening the site. There is a step-by-step instruction with an extremely easy explanation. The platform is designed for Russian-speaking traders, and the support service in all cases gives high-quality answers to questions. In order to start trading here, you will need to go through the registration procedure, deposit the starting amount into the account and place the payment data. These actions do not cause any difficulties.
Russian brokers
In Russia, in most cases, there are representative offices of foreign companies, however, national brokers also enter the market. Perhaps the largest of them is Grand Capital, which opened in St. Petersburg in 2006. The company offers its services not only in the Forex market, but also in the field of binary options trading. The deposit can be very small, and some of the available trading conditions can contribute to high profits.
Also, according to traders' reviews, a company such as Binarium deserves attention. Here you can start trading with only 9 dollars on your account, and the amount of transactions made starts from one dollar.