With the instant growth of Internet technologies, nowadays people can access thousands of things from their home comfort. One of the greatest things is you can make money online, particularly, with Binary Options. To trade Binary Options successfully, first point is traders should select brokers that suit their trading habits, and demands. Binary Options Brokers are dissimilar to Forex Brokers because of a single reason: Binary Options Brokers don’t need to be regulated. Though Binary Option Brokers are unregulated, it never means that they are unreliable. The regulated brokers are often headquartered in Cyprus and regulated by CySec (Cyrus Securities and Exchange Commission).
Traders are encouraged to research on the brokers’ financial capacity to check whether they have enough money to maintain themselves in good shape for the business. In the past, many traders lost money because they used services offered by a Binary Option Broker that only had $100,000 in its bank. These money are insufficient to operate as a broker in Binary Options trading, therefore, traders are advised always to check the capitalization ability of their brokers
Different trading platforms are featured differently. Nowadays, almost all platforms have extra features, which are fond of by most traders. For instance, one of the most usable platforms is MetaTrader 5, which is included on almost any brokers’ trading platforms. In addition, the brokers tend to run more than one platform in order to shape up traders’ trading experiences. In reference to mobile trading platform, it is gaining popularity very quickly since almost everyone nowadays has smart phones. Binary Options Brokers that provide Mobile Trading are growing more and more popular, so please check whether your broker offers this feature.
Payouts and Assets Check
Two of the most significant features in considering decent Binary Options Brokers are payouts and assets. Traders are recommended to find brokers, who support all kinds of assets, include stocks, indices, commodities, and currency pairs. In case of payouts, good brokers are expected to offer the payouts between 60% and 70%. Some brokers may even promote the payouts up to 85%. Hence, with a little research, you can make a good deal.
Payment Methods Check
What kinds of payment methods are supported by your Binary Options Brokers? Standard brokers usually permit traders to deposit or withdraw money via an array of payment methods, such as Debit/Credit Card, Bank Transfer, PayPal, Skrill, etc. If you can only process with one payment method, please check beforehand to see if your chosen broker supports that payment. Interestingly, some brokers do give away bonuses for their customers’ first deposit.
Binary Options Bonuses
As common thoughts, bonuses sound very engaging and attractive. However, traders are advised to read Terms & Conditions related to the bonuses carefully. There are several brokers that set exclusive requirements which you must meet to be able to withdraw funds, which you must win on market via those bonuses.
There is a reason why bonuses are termed as “trading bonuses” because you can merely use them to trade. Traders cannot withdraw money of bonus unless they use it to generate specific volume of winning profits. In most situations, brokers ask you to make trading profits equivalent to or greater than the amount of bonus, and then you can withdraw it.’
Almost all Binary Options traders would like to know what determines the payout and how it is measured. Though different brokers offer different payouts, the rate is generally between 60% and 80%. In a transparent way, traders know ahead how much they will earn if their trades expire in profit (In-The-Money). It is the big advantage because you know the payouts before investing in either Put or Call Option.
Please notice that different kinds of Binary Options bring different payout ratios. Generally, the payout should be around 60% – 80%, however, there are still some brokers offering the payout under 60%, therefore, you should re-consider carefully when coming to terms using their services. Nevertheless, if such brokers provide the payouts above 80%, you should also check their reputation because high payouts may be signals of fraud schemes.
In addition, it is preferably mentioned the so-called High Yield Options, which can bring you up to 500% profit. However, be careful with this payout option as it is more sophisticated and riskier.Binary Option Brokers offer this type of payout will have many restrictions in the contract in order to protect themselves. New traders are advised to avoid this option unless they are highly professional and experienced.