The Best Binary Options Broker 2020!
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Trading Binary option with AI Assistance — For Dummies and Noobs.
Like most of my writes, I like to get straight to the point to save you the time of consuming needless information out of the scope of this article. Ain’t nobody got time to waste.
So, if you’re here to get started on trading using a somewhat algorithmic program or as the buzz word calls it Artificial Intelligence — this medium is it.
This write introduces you briefly into trading and how it’s done, I also avoid a lot of BS in this write to make sure it is a quality resource.
I advise you read through my introductory write up on the foundation of the financial market here, if you have no idea what fixed option or the financial market is about.
BINARY / FIXED OPTION TRADING
I will be introducing you to trading a financial instrument — Fixed Option A.K.A Binary Option. It is a all or nothing instrument; which means when you buy or sell (trade), you have a fixed ratio of profit which is predefined and a fixed ratio of loss which is also predefined.
STEP 1: You need a brokerage account that offers Binary Trading
Iq Option is the most recommended for trading Binary Option, visit Iqoption.com to register an account — your account will need to be verified, they have loads of resources on their app to get you started on how to trade on the app.
For Binary Option, the process for completing a trade is quite simple;
1. Select the asset you want to trade — It may be a currency pair, a company stock also called Equities, or a commodity which can be Gold, Silver, Oil etc.
2. Choose an expiration time — when you buy or sell any asset, you need to chose when you want the trade to close automatically, which can be from over 30 seconds to the end of the month.
3. Choose the amount you want to invest per trade, understanding risk is an integral aspect of trading to ensure that you don’t blow up your trading account, which is the equivalent of being greedy and risking too much per trade.
Your Account history looks something like this when you are careful and only trade when the market is favorable.
Alternative brokers include the following;
- Olymp Trade — Very similar to IQ Option with a good UX (User experience) platform which makes it super easy for traders to catch on easily. Minimum trade amount is $1 and returns are as high as 92%.
- Go markets — If you prefer using Metatrader 4 to execute trades, this is your best bet. returns is 70% and 80% per trade.
- CLM Forex— very similar to Go markets. You can explore these brokers.
Once you are done acquiring your brokerage account, just sit your ass down, study the tutorials on the platforms for about a day, explore different chart layouts, explore different assets — They are pretty easy to understand.
Now, practice a lot with a Demo Account.
Using Reborn Markets Algorithm to Trade better
Let’s start with WHY — Robots or Algorithms help new comers and professionals confirm a market decision and bias. As humans, our emotions seems to guide most of our decisions and being systematic in trading is very important for long term success.
Reborn Markets is an algorithmic trading company that develops trading algorithm for different instruments — they have a good track record of beautiful returns, what is most important is how we can use this algorithms to our advantage, improving our trading performance and of course — our RETURNS.
Setting up the algorithm
Trading view is a charting platform and also has robust community of open source trading ideas — over 100,000 ideas are on finance are published per day here.
The reborn algorithm for Binary Option has been added to the invite-only scripts on trading view — what follows in this write is a step by step approach to getting access to these algorithms.
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Step 1: Register an account with Trading view
Once you’re logged in — click on charts
Select the Asset and change the timeframe to one (1) minute — screenshots have been shown below.
Step 2: You will need to join the Reborn Markets community
- Join the Reborn telegram group — ensure to drop your Tradingview Username in order to have access to the algorithm since all algos are private.
- Follow Reborn Markets on twitter — @rebornmarkets
- Follow Bettle also on twitter — say HI!
Step 3: Add the algorithms to your chart on Trading view — let’s go through how to get that done.
- Click on the indicator bar
2. Search ‘bettle’ for all the indicator packs and simply click to add to chart;
Currently there are three algorithms live; the UX, the display makes it easy to understand how to use the algorithm once you have access, the algo will display on your chart beautifully — the direction to trade; either Call/Buy or Put/Sell and the duration of the trade, hence; ‘2-Mins-CALL”, “PUT-2-MIN”
This is exactly what you see when you add the algorithms to the chart.
Step 4: Let’s Turn On Alerts so we get notified when it’s time to get in on a trade.
- Click the alarm button or alternatively press ‘Alt + A’ — Alert setting box pops up.
2. Select any of the algorithm — select them one after the other, you will have to set alerts individually.
3. All the available signal available for the algorithm will appear in the next box.
4. Select ‘signal-1-call’ and then select ‘Alert-1-call’. click the option of once per bar close.
5. repeat this process for Signal-1-put, also select Alert-1-put. Ensure that you turn on alerts.
6. You will find all Alerts in the Alerts box, and as they are triggered, you will also see them.
7. Read the documentation of the Algorithm to understand how it would work best for your trading:
The Final outcome: Voila! — Your Alerts are on.
This is the icebreaker. You are ready to go, now, all you have to do is wait for an alert to trigger, when that happens, simply go to your brokerage account to enter the trade.
It is important that you do not enter the trade late because you want to buy at the best entry time and entry price possible.
There is a fifteen and five minute signal, which allows for more time, but the two and three minutes signals require the trader to be on her desk, ready to place the trade.
If you found this write useful, please share it to create more exposure for others to also see. My twitter DM is always open if you have any questions regarding trading and the algorithms.
I am at Reborn, Inc — building great financial market products. We are artists and the market is our Art!
RISK DISCLOSURE. Trading on financial markets such as stock, forex, binary options or futures requires careful consideration of your trading objectives, experience and risk appetite. Binary options trading is associated with high level of risk and every user must be aware of the risks and be willing to accept them. No representation is being made that any account will or is likely to achieve profits similar to those posted in this article. Reborn Markets & its owners, employees and partners are not responsible for any losses that may result from using the services offered. The information contained in these pages is provided for reference only. It should not be treated as a substitute for specific advice concerning individual situations and professional advice. It is strongly recommended that appropriate professional advice should be sought where necessary.
Binary Options Trading
Binary Options Trading Tips
Binary options trading – represent the single most simple way to trade price fluctuations in multiple international markets. Risks and rewards of these instruments need to be well understood before you invest. Another golden rule is that you should never invest more than you can afford to lose. Binary options Meaning is quite distinct from traditional options. In trading, one can opt for these options which have different fees, risks, payouts, investment processes, and liquidity structures.
What are Binary Options Trading?
Binary options Meaning is exotic, unconventional options which are simple to use and understand in terms of functionality. A most common binary option is a high-low option. This is also called a fixed return option and it has an expiry date or time. This particular option also has a strike price. When the trader wages correctly on the direction of the market and the price at the moment of expiry is in agreement with the strike price, fixed returns accrue. In the event that the trader wagers incorrectly on the market’s direction, his or her investment is lost.
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Call or Put= Rise or Fall
If the market is rising, a trader would buy a “call” and if the market is perceived to be falling, the trader will purchase a put. To make money through a call, a price must be higher than the strike price at the time of expiry. To make money through a put, a price must be lower than the strike price at the time of expiry. An important point to note is that the trader gets to know the strike price, expiry, and payout as well as risk which are disclosed from the beginning. The strike price is the present price/rate at which the underlying product is pegged such as Yen/USD currency pair or a particular stock. It will be wagered whether the future price at expiry is more or less than the current price; the trader’s profits depend upon this.
So, what happens if the price has expired on the strike value? Traders receive their money back with no profit or loss. However, the transaction is over the counter so brokers have different rules. Brokers can book profit or loss on an automatic basis in and out of the trader’s account.
Types of Binary Options Trading
And here are some binary options trading tips and binary options trading meaning that will help you to get more detail about the binary options trading.
Many different types of binary options Trading can be done online.
Indices Based Trading: Trading on The Stock Index
The most popular of these are indices based trading for which there are many different stock exchanges across the globe. When the trader places a wager on this kind of binary options trading, he or she is predicting what the value of top traded stocks and shares will be in terms of its position when the trade was placed over a certain time period. You can trade on different kind of stock indices and the most commonly traded are the Dow Jones, Hang Sen, and NASDAQ. Indices trading is the best idea if you do not want to pay massive brokerages as you do not have to purchase stocks and shares in firms constituting the indices.
Currency and Forex Binary Trading Options: From Currency Pairing to Bitcoins
Many traders bet one currency against another when they trade binary options Trading online. There are no restrictions when it comes to currency trading and you can pair just about under currency under the sun from dollars to pound sterling. roubles to rupees. Binary options sites also allow traders to pair Bitcoins with other currencies.
Commodity Binary Options Trading without Purchase
This is a very popular type of binary option which allows trading on the value of the fixed commodity without any requirement for purchasing the assets. Binary options trading associated with commodities includes oil, silver, gold, and copper. This type of binary option is again popular because no purchase is required.
High-Low Binary Options- The Upside and the Downside
These include one touch binary options and range binary options. One touch binary options are where the price needs to touch the allocated target level at one point prior to expiration for the trader to take in cash. Targets can be picked above or below a certain value. The upside? Risk and reward can be accessed and multiple asset classes can be accessed through simple options. You only lose or gain a fixed amount. In contrast, a reward is outweighed by risk often. A downside of this is that traders have to be right most of the time to cut down on losses; unlike a normal game, losing trades here costs much more than winning them. So while it pays to make gains, it pays even more not to make losses.
Range Binary options trading allow choosing a price range to be traded by the asset till the point of expiry. If the price within which the range is selected is correctly estimated, only then the investment is gained otherwise the payout is lost.
Binary option space rises up, and brokers are offering more binary options products now as the trading ecosystem undergoes a change. Binary options trading offers payouts in the range of fifty to five hundred percent. This means a better reward is to risk ratio though the higher the stakes, the less the chances of winning a payout. Foreign workers also permit traders to exit trades prior to the expiration of the binary options platform. Before you get the payout, exiting the trade means one big loss. Trader won’t lose his or her total investment, but even partial losses can be phenomenal. Binary options Meaning is estimates of asset performance underlying a particular time period.
Binary Options Trading vs Conventional Trading
In common parlance (and understanding), trading means sale or purchase of assets and profit or loss resulting from it. If investors sell the asset back to the market when the value increases, a profit is made and vice versa. Conventional trading requires sale and purchase of assets keeping the market volatility in mind. Binary options trading is way simpler In options the focus is on trading the markets. Binary means dual and it reflects the two options before the trader- call or put. Two investment possibilities and a single correct investment decision turn into massive profits for the trader in binary options trading. Anyone can profit from commodes, shares, stocks, assets or forex through binary options. A major plus point of binary options trades is just that there is a range of different expiration and if you feel binary trading is two-faced, seek your clarifications through this step by step guide:
Decision 1: What Trades Should You Make?
This is the first thing you need to consider. You need to divide the nature of the asset, commodity or stocks and shares you will be investing in. The choice is quite simple…it’s your “call” to see where to “put” in the cash.
Decision 2: Opt for a Broker
You will need to choose a Binary Options broker for placing trades and making profits. Make sure the broker is fully licensed and regulated along with a range of tradeable assets and many are also offering a bonus which translates into more value for the original deposit. Brokers have different account times. Make sure you choose well.
Decision 3: When the Clock Runs Out-What about Expiry Time?
Once a particular asset type has been chosen and a broker is selected regarding where trades need to be placed. the next dot you have to connect to make the perfect picture is choosing the expiry time for the trades.
You can choose from trades that last for 60 seconds to 60 days! Always remember, the longer the expiry time, the greater the risks are.
Decision 4: Understanding the Risk-Reward Ratio
You need to understand the potential gains (and more importantly losses). Binary options trading ensures there are financial gains in each and every trade. Potential gains vary depending upon the choice of investment decision, assets, commodities, and shares.
Decision 5: Use Your Tools, Expand your Kit
Which trades are popular with others? To which direction is the news pointing? How high or low can the market go? You need analytical and risk management tools in your market survival kit to make it to the top. A spot which trades are translating into high trade volumes and get the lowdown on them.
Decision 6: Deciding Your Budget
Promotional offers can lead to skyrocketing of your trading budget and a meteoric rise in its value. Sign up bonuses can give you the edge, but loyalty and promotions should also accompany deposit matches bonus and risk-averse trading. You are locking in money so make sure that you get the returns you deserve. When it comes to binary options trading, a budget is important.
Decision 7: How to Time Your Trade?
One will never know potentially profitable trading options until one opts for binary options trading. Timing is important and instantly placing trades through mobile or online platforms will always give you the benefit of fast connectivity.
Decision 8: Hedge Your Trades, Safeguard Your Bets
Many traders look at hedging or using promotional offers from multiple brokers to get the single highest returns. Each side of the trade can easily be managed through bonus funds. With a rolling forward feature, additional trading opportunities are available when a live trade gains traction. Roll forward is a choice of extending expiry time on live trades places and this option is used when expiry time undergoes modification.
Decision 9: Early Exit, Quick Returns?
While many traders choose to wait it out, an early exit can have remarkably rapid returns as you lock in trading profit. Always consider an early exit rather than a long and painful wait with no positive results.
Decision 10: Questions You Need to Ask
Ask and you will find, seek and you will receive. Nowhere is this adage more true than the binary options market where you have to ask the right questions if you want to make profits. Consider factors like the most traded stocks, whether social media stocks can be traded and banking options for this type of trading.
Decision 11: Learn the ABC of the BO market
A binary options trading market is all about understanding the ins and outs of options trading. You need to learn about binary or fixed return options that have an expiry date and a strike price. If you strike when the iron is hot, expect to get amazing returns. A strike price is also known as a binary option contract. If you gauge the direction of the market correctly, half the battle is won. You need to know everything about trading from how the contract price is calculated to the specific terms. Price of BO contracts is equivalent to market perception of a chance of the event occurring. Specific terms you need to be clear about our “out of” and “in the money.” Out of the money is when the strike price skyrockets above the market price for a call and plummets below market price for a put option. If there is a put option, in the money is when the strike price is ahead of stock/asset market prices while option’s strike price is falling below the market price of a stock or specific asset.
Decision 12: Understand the Benefits of Binary Options Trading
Binary options are simpler to trade as against traditional stock options. This is because the former lacks the duality of the latter. In traditional trading, you need a deep understanding of market direction and movement of the price. For BO trading, you only need to understand the stock’s direction as far as price movement is concerned. Binary options have controlled risk to reward ratios and involve trading and hedging. Market analysis is critical before placing each trade, and the payout amount does not equal the amount through which the option ends up in the forefront.
Decision 13: Always Factor in Transaction Costs
When it comes to BO trading, you need to check the potential gains you will make as well as transaction costs that will be incurred. While binary options brokers do not charge fees per trade and collect commissions, a percentage of time you anticipate the markets correctly corresponds to the amount of profit from the binary option
Conclusion – Binary Options trading
Binary options trading is a wonderful way to wade into the sea of opportunities when it comes to stocks, shares, and assets. But be careful about considering all the angles before you take the plunge because, as investment guru Warren Buffet says, you cannot judge the depth of the river using both feet! so this is all was the about the binary options trading tips binary options trading meaning.
Here are some articles that will help you to get more detail about the Binary Options Trading Tips so just go through the link.
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Binary Options Guides
It can be confusing to decide how to start trading online. One can choose among forex, crypto, CFDs or binary brokers from all over the world. Also, traders can’t only click and make profit, as they need to learn more about financial analysis and trading strategies. In this guide, we will try to present you with most common dilemmas and questions that are bothering not only new traders who are only starting, but also more experienced traders. The point of this binary options and forex guide is to get a sense of what the trading is about and to encounter some basic terms one uses when trading.
Also, an useful resource is our Forex trading basics guide and our online trading academy with more than 150 articles – from basic terminology to advanced trading strategies and patterns.
First, it is important to understand the basic differences between different types of online trading.
What is Forex Trading?
Forex trading is somewhat different than binary trading, even though traders don’t have to own the underlying asset. Forex trading is based on currency pairs (for example, EURUSD – see how to trade this pair) and traders can buy or sell the desired amount of currency contracts and use leverage to move larger amounts of money. Also, traders have different risk management tools like stop loss and take profit at their disposal.
What is Binary Options Trading?
Binary options are a special type of financial instrument that allows traders to know possible payout in advance. At the same time, traders never own the asset in order to trade based on it. They are placing a trade based on their prediction of the price movement and not based on buying or selling the actual asset. European market oversight agency ESMA decided to temporarily ban binary options (PDF) distribution and sales to retail investors for 3 months in 2020 since they felt this instrument design might present too big a risk for small traders.
What is CFDs Trading?
CFDs trading is very similar to forex trading, but the underlying asset is different. Contracts for difference are based on bonds, stocks, commodities etc. Most modern brokers offer forex and CFDs trading at the same time. We have also explained CFDs in our trading guide on forex.
What is Cryptocurrencies Trading?
Cryptocurrencies trading is the latest trend, based on digital coins or tokens that appeared on the market some 10 years ago. Traders can trade them as CFDs and forex contracts with regulated brokers (the safest option) or via crypto exchanges (riskier option). We have written a comprehensive guide for cryptocurrencies trading you should read. Also make sure to check out how to take advantage of Bitcoin CFDs, the first and most popular cryptocurrency to date.
Binary Options Guide for Dummies
The idea behind binary options is indeed one of simplicity, however, there are some general rules one has to know in order to be able to run the trading platform and become successful. Pushing Up/Down or Put/call will not be helpful unless tied to a serious understanding of the market.
Online Trading Dictionary – Options Trading for Beginners
Expiration Date: The time that the option expires.
Settlement Value: The value of the option on expiration.
Underlying Market Price: The actual real-time market price of the contract.
Bid: The premium price that traders pay for an opening to sell a contract or closing a buy order.
Ask: The premium price that traders pay for an opening to buy a position. This is essentially anticipating that the underlying market price will go up. It is the price paid by a trader who has an open position to sell and wants to close it out.
Spread: The difference between the bid and ask.
Bid size/Offer size: This reflects the number of positions being bought or sold.
Commission fee: The trader will pay a commission fee per transaction – more common in CFDs and forex trading, binary options do not require comissions.
Set-and-let: When you take a position and do not trade in the same market until the time frame expires and the bet is settled.
ROI: Return on Investment
Sell: The action used in forex and CFDs trading when traders believe the price won’t move in their favor. The opposite is “Buy”
High: if you believe the price of an underlying asset will rise, you click “High” in the trading platform
Low: if you believe the price will fall in the future, use this price direction to indicate which way the binary option should move.
Strike Price and the Underlying Market Price – what is the relation?
All beginners should understand these basic terms, whether they are binary options beginners or only starting in forex and CFDs.
The strike price is the price in the moment when the trader places the trading order. This is the price at which the option or CFD are executed. In case of binary options, if you expect the price of the underlying asset to rise, the price of the asset at the moment of expiry of the option must be higher than the strike price. This is called “in the money”. See how to decide the strike price with simple trend lines.
In case you were wrong, and the price is lower than the strike price – the option closed out of the money and you lost your investment.
Underlying market price is the price you are watching after the trade has been placed and, as explained, its relation to the strike price determines the outcome.
With binary options the returns in case of successful prediction can be high and it helps that they are fixed, but understand that in case of the unsuccessful trade, all money wagered is lost. Its different with CFDs, there the amount one wins or loses depends on the difference between the strike price and the market price at the time when the trade is closed. This is why these are called “contracts for difference” after all.
What are Fixed Price Options and No Touch Options?
The fixed price options are used for trading out the assets at a specific strike price. This means that the trade is being placed in the moment when the underlying market price reaches certain level which becomes the strike price for the option.
No-Touch Options are one of the most popular binary options and are considered to be somewhat riskier as traders will have to predict not just the direction of the price but the possible range it will (not) reach. This options type is extremely useful for traders who believe that the underlying asset price will increase over the range-bound during a specific time frame as they will end up making a lot of money if they are right.
Can I Make Money with Binary Options or Forex?
Binary options trading should not be taken as a risk-free way of trading online no matter what some brokers might say. There is always some risk linked to the process, but it does not mean that one cannot reduce the risk by employing smart strategies or trading responsibly.
Some of our other articles on recognising danger to your money and properly trading online:
If traders think the price of gold is going to rise, then they place what is called a call binary option. For this reason, they would need to select the assets they have, in this case being the gold. The next phase would be determined by what trend the asset is going to show i.e. up or down. The last phase is that they determine the amount they are going to invest in it. If things go as planned with the price of gold, they stand to earn up to 100% returns, sometimes even more. If the trade goes sour – they lose the invested capital.
On the other hand, if they feel that the price for the gold is going to decline, then they place what is called a put option. If the same happens as before, they will yet stand to earn even from the falling prices. The entire process can take place in minutes as well hours depending upon the expiry time they chose. But as a trader and an investor, one should exercise caution in all the steps taking in this regard, as they can also end up losing all their investment.
Binary Trading with Robots and Signals
Another way of increasing your returns can be trading with binary robots and signals. Binary robots are special software that use complicated algorithms to find profitable trades (commonly known as signals). Depending on the adjustments and trading settings, it can also place the trade instead of the trader.
Signals are trading alerts that contain all necessary information about a trade that has a high profitability potential. For example, traders get a notification that contains the underlying asset, trade direction, expiry time etc. All they have to do is trade it! They can trade it automatically or manually. Learn more about signals.
Just a few years ago, binary robots and binary signals were two separate types of services, but more and more often we see different types of trading and trading services integrated on the same trading platform. Of course, before using any signals or robot trading service, make sure to check the reviews available on FFB.
Top Myths about Binary Options Trading
What is the real truth behind binary options trading? Is it all a scam? Is it really that easy? Will we all become millionaires in the blink of an eye? The truth about binary options trading is sometimes as complicated as the myths that surround it.
Here, we will debunk some of the most popular myths!
Myth no. 1: Binary Options Trading is Gambling
To people uninvolved in binary trading, logic is simple: you make an account, deposit money and make a bet whether the selected option will go up or down. This logic couldn’t be further from the truth. Experienced traders agree in one: in its possible to trade binary options and treat them like gambling, but it won’t take you far. Read more about the difference of binary options and gambling
The truth about binary options no. 1: even though some treat it like a gambling game, there is so much more to it. Relying solemnly on luck is not a solution for traders who wish to be profitable and trade in a reliable way.
Myth no. 2: Binary Options are Fast Money
Many brokers use this technique to attract traders by promising them high returns in short time. Sometimes the general atmosphere is such that it is really easy to believe that all trader has to do is make a deposit, and platform will do all by itself and make him a millionaire.
The truth about binary options no. 2: Binary options require serious engagement and knowledge of financial analysis in order to be profitable. Testimonials and advertisements that use “get rich quick” language can be considered a scam and false advertising, as they are empty promises.
Myth no.3: Binary Options Trading causes addiction
Some claim that binary options trading, just like gambling, can cause addiction. The adrenalin of short-term trading may influence some traders, but not all.
The truth about binary options no. 5: Contrary to that popular belief, binary trading experts always warn that trades should be executed only after thorough analysis. Such trading behavior significantly reduces the risks and lowers the chances for emotional or forced trading. Never invest more than you can afford to lose!
How to Choose a Binary Options Broker
Apart from ensuring a higher rate of return, most of the experts also value safety. Many brokers do offer more than 100 % of returns, but that is not objective return rate. Serious brokers offer reasonable rates and not those that sound too good to be true. The best brokers have user-friendly platforms, great customer service and a variety of trading options.
Online Trading Broker Terms & Conditions
Terms & Conditions always offer more detailed information than the website and are usually located at the bottom. If some things are still not understandable after reading T&C, better don’t deposit, but contact customer service for additional questions.
Broker Trading Accounts and Bonuses
In order to start trading, traders often choose an account type and make a minimum deposit. Account types may vary: some brokers offer five account types, other only one or two (like Nadex) and each account requires different deposit amount. Minimal deposit is the minimal amount broker accepts as a deposit when opening an account or adding additional funds to your account.
The bonus is additional amount offered by the broker to motivate the trader. Unfortunately, some scam brokers use the bonus to blackmail the traders when they want to withdraw their money. Although it is completely legal to request a certain turnover before allowing bonus withdrawal, it is not legal to add bonus without trader’s approval. Also, bonuses are not allowed with CySEC regulated brokers anymore.
The Demo Account
Demo account is probably the best way to experience binary options trading. It is a special account type that enables you trading with fictional money in order to learn how to place trades and get accustomed to the interface. Traders win no money, and they lose no money.
Trading Assets and Trading Options
Traders can choose whether they’ll trade high/low, one touch, ladder, pairs, 60 seconds, long- term, range options any many more.
The expiry times of binary options may vary from short-term (15 sec, 30 sec, 60 sec, 2 min, 5 min) to long-term (end of the day, end of the week, end of the month, 30 days or more).
The underlying assets are currencies, commodities, indices, stocks and cryptos. There are also bonds, ETFs which are more common with CFDs brokers.
Customer Support and Education
Every successful binary options trader will tell one thing to inexperienced traders: never underestimate the power of knowledge in binary options. Many good brokers offer educational materials. Customer service nowadays is usually available in many different ways. Depending on the broker, traders can contact them via phone, email, live chat or skype.
Forex and Options Trading – Deposit & Withdrawal
The minimum investment is the minimum amount that can be placed in one trade while depositing is adding funds to the account. Withdrawal is a process of taking money from the trading account to banking account. There is usually a limit for minimum and maximum withdrawal.There are many ways to deposit and withdraw money: bank wire, credit card, debit card, e-wallets…
Bank wire is one of the most popular ways of depositing. The most renowned banks, like HSBC, allow depositing and withdrawing from their clients’ accounts. The bank ensures all transfers are safe as do most binary options brokers. For many traders, HSBC will surely offer premium service that also covers binary trading.
Make sure to upload your documents as brokers require them to verify your identity and stop potential money laundering schemes.
Today, most serious brokers are registered with at least one of many regulating bodies. The most popular regulatory body is CySEC as it covers the territory not only of the Republic of Cyprus but the European Union as well. The EU is a great market so it’s no wonder that most of the brokers are licensed by CySEC. Read more about binary options regulators here.
Learn about the CYSEC investor compensation fund to see how you can get some of your money back if the broker becomes insolvent.
You can also file a complaint with the regulator in case you think you have been scammed. However, the best way to get your money back is to use MyChargeback.
Every country has its own regulator as well. Regulated brokers are obliged to respect the laws enforced by the country of registration which is a great help in case anything goes wrong, as traders have not only customers service to ask for help, but a state body as well.
Binary Options USA
Global binary options are mostly tied to brokers that operate on a different platform than the one that is allowed by the US authorities. US binary options traders can use any regulated binary exchange. This is not a bad thing, as regulated market means that customer is more protected than on many other local markets.
For binary options trading USA that is compliant to all possible versions of the rules enforced there, there is NADEX, based in Chicago, that does offer binary options trading according to US rules and regulations. You can read our NADEX review here.
What is Social Trading & Copy Trading?
Social and copy trading are new possibilities in online trading that enable traders to follow others and place trades in the same way as they do.
Copy trading can be seen as copy/paste option on a personal computer. Trader selects a peer to follow, and trades, according to their affinities and settings on the platform are directly copied. The trader can choose which peer to follow and see their trades. If the trader finds the trade promissin, then he copies it, and if not – the trade is skipped, and trades some other time. Most copy trading systems automatically copy all the trades with preset spects from selected traders one follows.
Just like any type of investment, social trading is only reliable as the platform that provides it and the traders you follow. Besides selecting a reliable platform, traders must select reliable trader to follow as well. Sometimes, losing is inevitable, but there are still many traders who understand the market and price movement and who do the great analysis before placing trades. This is a type of trader one should follow.
What is important to mention is that in most cases, copied and social trades often have a limit when it comes to investing, which means traders can place only a certain percent of their funds. This rule is existing because, trader didn’t make a projection by himself, but is simply following another trader.
Cryptocurrencies Trading Basics
Cryptocurrencies, as implied by their name are a type of digital currency that uses encryption protocols for securing, verifying and sending transactions. They achieve it by using a technology called the blockchain which resembles a public ledger that chronologically registers and validates the details of every transaction. Tokens, on the other hand, are more like a digital commodity than a currency.
Crypto trading can take place in several ways. Learn more about crypto trading.
Trading Cryptocurrencies Like Bitcoin with IQoption
IQ Option’s platform is both advanced and intuitive. It provides quotes in real time, gives the ability to trade with fiat currencies on Forex and Options as well as Cryptocurrencies on CFDs. One of the benefits of Cryptocurrency CFD trading with IQ Option is the volatility of these assets, they provide a perfect opportunity to open and close short positions throughout the day, and invest in long positions, given the current bullish trend of the crypto assets. Another great advantage of this platform is the low investment threshold – only $1. Considering the growing interest in a sophisticated, decentralized exchange, it looks like an interesting platform with promising, great additions to come soon. You can try trading cryptocurrencies now, with a free demo account.
How to Stay Safe while Trading Online?
Binary Options Certificates Scams
When deciding on a broker, traders usually visit their websites, and then they see it: a line of aligned seals signaling the broker won an award for being “the best broker”, having “the best options”, being “100% secure”, or perhaps, “top broker”. Another worrying trend we noticed is brokers displaying their “regulated certificate”, even when they are not regulated by any regulatory body. In the case of doubt, always read Terms and Conditions. Regulated brokers usually state there which body regulates them, together with their regulating number. The regulating number can easily be proofed on regulatory bodies websites. For brokers who claim to be regulated by CySEC and other institutions, do it here. You can see an example of a false regulation seal to the right.
Binary Options Certificate Scam – Example
We noticed that one of the brokers that is on our Blacklist displays such elements on its web page. All one needs to do is scroll, and right on the bottom of the CapitalOption page, three “awards” can be found.
- “100% money back guaranteed”,
- “100% quality” and
- “Certified, secure, authentic”,
Sounds pretty good, right? Unfortunately, these awards and certificates make no sense as they are all fake.
Bonus Terms and Conditions in Binary Options
Bonus rules are provided by good and bad brokers alike, so the pure existence of rules is not providing any insurance at all. The difference is that good brokers have reasonable conditions while scam brokers leave to many information open to misinterpretations or don’t have such rules at all.
The formula for calculating the trading volume is mostly explained in bonus terms and conditions.
For example, the trader makes $250 deposit, and the broker is willing to add 100% bonus with a required turnover of x20.
This means that trader has $500 available for trading, but not for immediate withdrawal. The withdrawal can happen only in case a required trading volume has been reached. In this case, the trader can withdraw bonus profit and deposit, only after the total volume of the trades placed reached $ 5,250
Deposit + Bonus x 20 = required volume
$250 + $250 x 20 = $5,250
When the trader has reached the volume, the amount (bonus profit and deposit) can be withdrawn.
Here are some examples of how brokers manipulate with bonuses to prevent you from withdrawing.
Binary Options Bonus Scams
LBinary: Unauthorized bonuses – The trader lost $10,000 in a single night, as the broker traded in her name without prior approval, and even added an unauthorized bonus. No matter how much she tried to convince her account manager and customer support to stop, it was impossible. There was no written proof of her accepting anything, and the broker simply took advantage of the customer.
MyOption: Impossible withdrawals – In this case, the trader got a bonus without knowing what the terms of bonuses are, and every attempt to contact the broker was futile.The trader was told that bonus can be canceled at any moment, and the deposit is withdrawn fully, but the reality was much different.
Very often, a bonus is used as a way to incentivise the trader to deposit, and this is not surprising as bonuses are usually perceived as extra money that always comes in handy. According to CySEC, no regulated broker is allowed to offer bonuses. This protected many traders, but not those who are trading with unregulated brokers.
Sometimes account managers put additional pressure on traders with promotions that are potentially against the trader’s interest. Account manager and brokerage staff have a tendency to do all the convincing part via phone call, as it is harder to track what is going on, especially when it comes to scam brokers. For this reason, always insist on written correspondence via email.
Binary Options in Israel
After making conditions for registering binary options business even stricter, Israeli Securities Authority (ISA), under the leadership of prof. Shmuel Hauser has decided to make illegal all advertising and service providing in binary options industry towards Israeli citizens. The new legislation has created an unfriendly business environment so it can be expected that all brokers who are offering regulated binary options will have to stop offering such services. This means that Israeli traders will be forced to trade binary options with unregulated companies, and all that dependable on how rigorous ISA will be when it comes to prosecution of unregulated brokers.
Forex Trading in Israel
However, this ban doesn’t mean that it is impossible to experience online trading in Israel. You can still trade forex with regulated forex brokers. Forex is another popular type of online trading based on currency pair contracts that allows traders even more control and customisation possibilities than binary trading.
For example, forex trade can be closed at any moment, and you don’t have to wait for the expiry time to run out. As always, make sure to find a solid Israeli forex broker. We suggest you try trading with Plus500 (80.6% of retail CFD accounts lose money), where a trader with an account can trade CFDs on Forex, Stocks, Commodities, Options and Indices”.
Binary Options in South Africa
Binary options trading became very popular in South Africa in the very beginning, almost 10 years ago, but South African government still didn’t manage to completely regulate all aspects of this type of financial trading. All aspects of investing and finances, except banking, are regulated by the Financial Services Board (FSB). One of the most interesting aspects of binary options trading in South Africa is that companies in South Africa are not allowed to offer binary trading services to South African traders. This is another reason why South Africans have to trade with offshore brokers.
Traders who want more diversity or to trade with multiple brokers should select binary options broker regulated by other important regulators like CySEC.
Forex in South Africa
Still, traders can still find a regulated forex broker and trade with popular forex brands. This makes forex trading the preferred choice by South African traders.
Most popular brokers in South Africa are Plus500 (80.6% of retail CFD accounts lose money) and CMTrading (FSB Reg no.: 38782), that offers incredible trading accounts, risk free-trades and leverage up to 1:200.
Binary Options in Japan
Binary Options in Japan are legal and regulated by Financial Futures Association of Japan (FFAJ), that not only regulates the market but also publishes reports on the binary market. As most regulatory bodies in the world are only regulation-oriented and don’t care much about the market results, this case is another proof of well-known Japanese efficiency. Just like most other regulatory bodies, FFAJ publishes reports on the scam and unregulated brokers as well.
Binary Options in Lebanon
Binary options are becoming increasingly popular in Lebanon. Also, we mentioned that it is always better to trade with a regulated broker than with unregulated. Regulated brokers are, generally speaking, safer and more reliable as they keep funds in separate accounts and allow traders an additional level of transparency and security.
In Lebanon, the main regulator for binary options is Banque du Liban, or the Central Bank. One of the main roles of Banque du Liban is providing licenses to interested brokerage houses. However, like many other regulators, Banque du Liban does little to really regulate binary options. Binary options in Lebanon are mostly based on brokers that are regulated offshore by other popular regulators such as FMA or CySEC. Traders should always check whether or not the broker has a valid license. The license number can usually be found in the footer of the website, but don’t hesitate to contact the regulator as well, as some scams publish random numbers they claim to be their license number.
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