The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
What is best binary options trading strategy?
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There are many different ways to earn a thousand dollars daily, monthly…. But I’ll share with you a very easy way I personally use myself to make a lot of money very easily with only a little amount of Investment. It involves trading binary options with paid binary options signals providing service. I simply pay for a weekly signal service, and when I receive the Signals, I trade them.
For those who do not know what Binary Options is, it’s a financial option, where you’re to determine price movement, whether it would go up or down from a position and if you’re right, you’ll get up to 92% Ret.
Cryptocurrencies and binary options – faster and more profitable?
Cryptocurrencies, binary options are modern ways of obtaining speculative and investment profit. Consider the pros and cons of crypto and binaries, and how to make money.
The claim that we live in a very fast changing world has long been hackneyed. Another question is that people by nature are quite conservative, and it’s very difficult to get a person moving. But the changes that are taking place around, including in technologies for generating profit, are simply impossible to ignore.
Profit twice as fast
At one time, one of the favorite tricks of Sberbank employees was a quote from “Alice in Wonderland”: “You need to run as fast just to stay in place, but to get somewhere, you must run at least twice as fast.”
A couple of decades ago, trading was very conservative and looked more like a classic buy-and-hold investment. However, now there are products that allow you to get fairly quick profits based on classic trading rules.
Today we’ll talk about two tools that are suitable for extraction quick profit, – binary options and cryptocurrencies. The main thing to remember is that no one has repealed the laws of economics, and often such profits are accompanied high risk of loss of funds.
Yes, we will not argue that cryptocurrencies can be considered as a source of more conservative investment income. But we will be cunning if, with volatility so characteristic of crypto-exchanges, we will consider them only from the point of view of investment. We all start with binary options.
What is binary options?
The definition of a binary option is very simple, it can be found in almost any economic literature on derivatives or derivative financial instruments. We will give one of them.
Binary option – agreementin which the seller of the option is obligated to pay the buyer a certain amount if a negotiated event occurs by the time the option is exercised. If it does not occur, the seller of the option pays nothing to the buyer.
The event that occurs at the time the option is exercised can be absolutely anything. In general terms, this is the movement of the price of an asset selected by a trader above or below a certain price value.
It looks like this:
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
- the trader chooses a financial asset that is convenient for him. As in the case with other derivatives, such an asset can be currency pairs, the same cryptocurrencies, stocks, stock indexes, goods . In a word, almost everything.
- After choosing an asset, the trader indicates the amount – in fact, the price of the option, and the time during which the option will be valid.
- Then you need to correctly predict the direction of movement of the asset. As when opening a “long” or “short” position with exchange-traded instruments, in order to make a profit, the trader must correctly determine whether the selected asset will fall or grow.
- After the transaction, the price of the asset is fixed. Drawing an analogy with a classic option, this is the strike price.
- If by the time the option expires, the trader correctly predicted the direction of the price movement, then he receives a fixed percentage of profit to his option price. If he made a mistake, then the lost amount is 100% of the option price. Therefore, as in classical trading, the formula works here: higher risk – higher profitability, lower risk – profitability is also lower.
Making Binary Options Profits
In general, there are two options for correctly predicting price movements and, accordingly, making a profit on binary options.
- The first option involves active analysis of the market situation fundamental and technical methods for predicting short- and medium-term market behavior.
- The second option, in our opinion, is more popular among traders and involves the use of two main advantages of binary options – time and distance, which the price of the selected asset should “go through” (we will talk about these advantages below).
The second option is called trade “on the news”. The fact is that quite often the market reacts not to long-term macroeconomic forecasts, but to momentary events.
We give a simple example of transactions on the news
The news on good economic growth in Russia (high GDP) will be positively received on the market. And traders are likely to buy the Russian ruble, which will lead to its growth against other currencies.
This movement can be very short-term and almost elusive for the layman. However, for a binary options trader, this can become a real “gold mine” (unless, of course, such a trader learns to correctly evaluate certain events).
News about economic growth, inflation, unemployment and other macroeconomic indicators are constantly published. The time of publication of such news is 99% known in advance and is reflected in special economic calendars. Using these calendars, traders carry out transactions with binary options, short-term working to increase or decrease the market – depending on their assessment of the situation.
Advantages and disadvantages of binary options in terms of profit
It is undeniable that binary options are a very controversial tool. But the same can be said about almost any financial instrument used in speculative trading. And before moving on to cryptocurrency, we’ll talk about the pros and cons of binary options. Let’s start with their negative sides.
Cons of binary options
High risk of capital loss
Yes, statistics are merciless. As well as in trading on the stock market, on the foreign exchange or on the derivatives market, there is a very high probability of losing your funds. The simplicity of binary options does not completely eliminate their riskiness, therefore, to think that they can be a source of “easy money” is, at least, naive.
Alas, there are plenty of tools for predicting the so-called price movement goals (for example, “fair price” in the fundamental or support / resistance level in the technical analysis). But time forecasting tools in both types of analysis are extremely few. Even correctly predicting the direction of movement of the asset, the trader may make mistakes over time, which is critical in binary options and may result in losses.
Lack of regulation
Indeed, the binary options industry in Russia is not regulated by anyone. This means that for a trader the issues of protecting their funds and frequently arising conflicts of interest “broker-trader” also come to the fore.
Pros of binaries
The simplicity and accessibility of the “mechanics” of binary options
To understand the principle of bargaining and making a profit, in fact, is not difficult. In addition, the range of assets on which binary options can be acquired is very wide: stocks of both Russian and foreign companies, any indexes and any currencies, etc.
Imagine that you wanted to buy shares in a company. Unfortunately, we must be prepared for the fact that the acquisition of securities will lead to associated costs. First of all, this is a commission. Binary Options Broker for the purchase and in some cases the depositary commission for accounting for securities. Binary options exclude such commissions, and your associated costs will be zero.
Yes, we remember that it is written by us in the shortcomings of options. But, on the other hand, it is also their dignity. What other financial instrument, in addition to binary options, will allow you to earn, for example, 100% of the invested amount in just one minute?
Trading “on the news”, which we spoke about earlier, suggests the possibility of using a very short reaction time of the market to macroeconomic events. For binary options, this is enough for you to earn.
If you have already been engaged in trading, then you probably know that your income directly depends on the distance that the price “travels”. But what if the asset, which you considered promising and acquired for your portfolio, moved only a couple of percent up? It is possible that this move will not even cover transaction costs.
In binary options, however, this is out of the question. The profit that the trader receives does not depend on the distance the price goes.
That is, if the direction of the asset’s movement is predicted correctly, the most insignificant price change in the direction necessary for the trader is enough.
Undoubtedly, the binary options industry will continue to remain attractive for both beginners and professional traders. But literally not so long ago, another product appeared that caused genuine interest among many people – cryptocurrencies.
Cryptocurrency Earnings Approaches
The cryptocurrency market, of course, has a number of features compared to more mature, mature markets: increased volatility, less liquidity, the ability to generate excess returns.
However, if we consider the general principles of profit-making, working with cryptocurrencies is not much different from investing or speculating in other assets.
Hold is not for crypto
Exist investment approach “hold” (or “holding”), in which the user buys cryptocurrency and “forgets” about it. It does not trade, but simply waits a long time until the asset grows in value. True, in the current realities, this is undoubtedly not the best strategy. The market is just starting to develop, and there are no guarantees that the coins will survive the price volatility.
A striking example is the dynamics of the reference bitcoin. After the most powerful growth in 2020, when in December its value exceeded $ 19, bitcoin sharply rushed down. Already in February 000, the value of the coin was only $ 2020.
Now imagine how the “holders” are now feeling who bought the coin at the peak price in December 2020 (unless they are Zen Buddhists, of course)?
Portfolio and rebalancing
The optimal solution for the investor is the creation of a cryptocurrency portfolio and its constant adaptation to market realities.
Due to fluctuations in digital money rates, the market situation is constantly changing. Therefore more it is beneficial to carry out regular rebalancing of the portfolio, adapting to the situation in the industry, than just keeping the asset for a long time.
Moreover, the more often the rebalancing occurs, the greater the profit. If you adapt the portfolio every day, yield will be almost five (!) times higherthan in the case of adaptation once a month. However, this scenario of working with digital money is not suitable for everyone. This requires large investments and professional knowledge and experience.
Another approach to profit from cryptocurrencies is trading or speculating on the difference in exchange rates. It is available for both beginners and professionals. And here the high volatility of digital money, complicating the life of an investor, will only help the trader.
With this approach, you do not need to deal with the physical purchase and storage of coins. Only need choose a brokerthat you trust, and spend some time researching and analyzing the market.
The advantages of this approach: the ability to trade every day, a low entry threshold and a wide selection of trading instruments – from classic margin trading of the “forex” type to digital options with fixed income. As they say, for every taste and opportunity.
Read about trading and investing opportunities in our Facebook feed and Telegram channel!
Financial Analyst Nikolay Dudchenko. Experience in the financial markets – since December 2006. During this time I tried myself in the stock and foreign exchange markets. It prefers long time frames and sometimes uses fundamental analysis when making decisions. Trading styles – swing and positional trading. Technical analysis – Fibonacci levels, wave and indicator analysis.
20 Best Binary Options Brokers 2020
It is most likely that you have come across the term Binary Options while surfing the net, even if you don’t know what it means. Maybe someone told you, or you read somewhere that you could make impressive returns trading on binary options, and it sounded too good to be true. Maybe they said you could lose all your investment in a flash of a second, and got you scared to even try. There are many in similar circumstances with many questions about binary options lingering in their minds. Before we get to any aspects of Binary options, let explore what it is first, for the sake of anyone who is completely green to the concept.
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Binary options are a form of financial trading that involves a fixed amount of pay-off or nothing. That’s why it is called binary options anyway. It is either a 1/0 or Yes/No. There is no other option between. The trading is normally carried out online. The online trade is enabled by binary options traders. The trade involves a variety of instruments like fixed return options and digital options as forex, stocks and market interest rates. That explains why some people will tell you that you can quickly double your money, while others say you can lose it all. There is a lot of speculation among the masses about how binary options work. Many people have lost their hard-earned money because of lack of information. Before you get involved, it is prudent toe sure you understand all the risks involved. You should also work with a binary options broker that you can trust. There are many binary options brokers in the business.
We seek to bust the myths and present the facts as far as binary options and binary options brokers are concerned. There is a lot of misleading information circulating around. There are not many objective options broker reviews either. This is a review of some of the best binary options brokers. The review is essentially a binary options brokers list. The review will give you a deeper understanding of how they operate. The review seeks to arm you with relevant information before you get involved with binary options. Trading in binary options, otherwise known as hedging, can be a blessing or a curse to yourself depending on how you handle. We certainly seek to ensure it is never a curse. The review will explore various aspects of the binary options brokers such as
- Trading platform
- Minimum deposit
- Maximum returns
The review will also explore the various laws and regulations governing binary options trading in various countries. It will also highlight a few dos and don’ts as far as binary options trading is concerned. We cannot promise that you make a lot of money after going through the review, but we can promise to show you how not to lose all your money. Tag along and let’s find out what binary options trading is really all about, and find binary options trading best brokers as well.. Below is a binary options broker list with some of their terms of engagement.
Note: Based on my experience, I personally recommend IQoption , ExpertOption & Olymp Trade but please read the full review to select the one that suits you especially from first 5.
Best Binary Options Brokers 2020 Comparison Table
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
Best Binary Options Brokers 2020
1) IQ Option
IQ Option is a Seychelles-based online trading platform launched in 2020. It has found a lot of favor in South Africa. It is one of the best binary option brokers in South Africa. They claim to be one of the fastest growing online trading platforms, with over 25 million members to date. Their services include forex trading, stock trading, and ETF trading. There are binary options brokers too. They have over 10 million digital options on which you can trade. You engage in the binary options trade by speculating on the global market currencies, indices, stocks, and commodities movement.
IQ Option has a website and App on which you can trade. It depends on what you prefer or what is accessible to you. You go to the instruments menu and choose the asset you want to trade in. Each asset is assigned the current profit percentage. You then choose the duration that you want to explore the asset for. The end of the duration will be marked with a red line on the chart. The system will also set a deadline for making the selected trade. Then put up the value you want to trade and confirm using the call or put buttons. You have the option to sell the option before it expires. If you choose to wait until the end of the duration, you will get 95% profit if your prediction was correct or lose the investment if your predictions were wrong.
- The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
- The minimum investment is $1
- The maximum returns are 95% profit on your stake
- IQ Option offers no bonuses.
- IQ Option is certainly one of the best trading brokers.
Expertoption is a binary options broker with a global trading platform. The platform is available to people in over 150 countries across the world. Expertoption was launched in 2020, and it has 8,707,538 registered traders so far. Expertoption is an award-winning platform, having been recognized as an award-winning platform in the China Trading Expo Shenzhen, 6-7 May 2020. The broker offers up to 100 options of assets to trade with. Expertoption does not offer its services to residents of the following countries; USA, Canada, European Economic Area, Switzerland, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.
Expertoption operates both website and app trading platforms. You can log in to your account on any platform you feel comfortable with. They offer a free demo account too, for novice traders to first test their knowledge before investing any money. The platform has an education center for green beginners too. There is a lot of educational material on the center that you can go through and get relevant insight pertaining to binary options trading. The platform is quite responsive, and it runs 24/7. It offers the following technical analysis tools.
- Four chart types, eight indicators, trend lines
- Social trading – this feature allows you to watch other people around the world closing deals, or to trade with your friends
- The demo account gives you $10000 to try out with
The platform offers five types of trading accounts as follows;
- Basic – this account is for people who prefer a light start. The minimum deposit for this account is $50
- Silver – this account includes free consultations. Apparently, many people choose to start here. The minimum deposit is $500.
- Gold – this account offers you more privileges features and smart investment tips. The minimum deposit for this account is $2500
- Platinum – this account is regarded as the ultimate account for serious investors. The platform offers exclusive account management and their best expertise. The minimum deposit for the account is $5000.
- Exclusive – this exclusive account is only an invited-persons only account. It is reserved for people with the highest returns. You can contact your account manager about it, that is if you already have a platinum account.
The maximum returns can go up to 95% profit on the invested amount.
3) Olymp Trade
Olymp Trade is a Cyprus-based online trading platform launched in 2020. The platform boasts of over 20000 traders in a day. It is currently registering a growth 7% in payouts every month, with last month’s payouts totaling to $ 7 969 557. Olymp trade is yet another incredible option for a beginner. It has very insightful educational resources for trading. It is one of the best binary options brokers in Nigeria.
Olymp trade runs web, android and apple trading platforms. They offer a demo account that you can experiment with first before moving to a real account. It is one of the best binary options brokers with demo accounts. They offer 24/7 trading and over 60 assets that you can trade with. The trading platforms are quite responsive and self-explanatory. The process of setting up and completing a trade is quite simple. The platform also offers you trading signals from experienced VIP traders, to help you make profitable trades.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 92% profit on your stake
HighLow is an Australian based binary options broker. A number of platforms won’t admit Australian traders. This is one of the best Australian binary options brokers. It is a great platform for those who like trading for short duration times. It is one of the best 60second binary options brokers. The platform prides itself in a wide range of binary options and some of the highest payouts. They have done over 200% profit on investment payouts. HighLow runs on the MarketsPulse trading platform. It does not accept trader from the US though.
HighLow has a web, Android, and iPhone Apps trading platforms. They offer a demo account for beginners with a $50 bonus upon sign-up. It is one of the best binary options brokers for beginners. It allows them to test their knowledge before putting in all their money. You select the instrument you want to trade from the top toolbar. It has the current market value indicated on it. You then set up the duration you want to trade for and confirm. There is an expiration duration line beyond which you cannot make any changes on the investment. Your speculations should not go out of the set high and low marks.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 90% profit on your stake
- There is a bonus of $50 upon signup
- HighLow is one of the best binary options brokers with low minimum deposit.
Optionrobot is a high-risk high-return binary options trading robot service. If you are not shy of taking huge risks with high potential returns if all goes well, then Optionrobot the platform for you. The platform’s robots generate trading signals and execute the trade directly to your broker account. Optionrobot boasts of an 83% winning rate. That’s rather impressive. You might not want to stake money you cannot afford to lose on Optionrobot though.
Joining Optionrobot is quite easy and straightforward. You just sign-up, make a deposit and set up your robot to start trading. Optionrobot features three trading systems. The systems have different risk levels. They are;
- Classic System – this system has the lowest-risks, and the lowest potential income as well. It is considered the safest and secure. The prospects of making any substantial returns are quite slim though.
- Martingale System – this system offers you the highest possible returns, but also the highest risks. If you get it right on this system, you’ll be smiling all day long. The risks of losing your money remain high though.
- Fibonacci System – this is the most accurate system. It is a middle-ground between the two. It strikes the critical balance between returns and risks. You could lose money as much as you could win some.
The other important aspect of the Optionrobot is the trading indicators. These help you set up the robot. The robot monitors these indicators as long as it is active, and makes decisions based on the settings you provide. Optionrobot has six trading indicators that you can make use of. You can work with multiple indicators depending on your knowledge of them. All the indicators need to send a sell signal to the robot for it to sell though. They also need to all have a buy signal if the robot is to buy. The signals include;
Ayrex is yet another binary trading broker from Cyprus. Ayrex launched its platform in 2020. It is however not regulated by CySEC though. The company has applied for licensing from CySEC. The platform boasts of over 230000 subscribers to date. It also takes pride in some of the fastest trading speeds with 99.95% of its trades taking place in a mere 28ms. The platform allows direct or high low speculation on the trend of the asset you choose to trade with. Except for the being unlicensed Ayrex seems like the ultimate binary options trading broker.
Ayrex has a very interactive and responsive website. They also operate Android and iPhone Apps. You can choose to log in to any of these platforms depending on which one works best for you. Ayrex offers several trading accounts. One of the accounts that stand out is the Islamic account. Ayrex has put up an account for Islamic people, that is in full compliance with sharia laws. Trading on Ayrex.com is easy and straightforward.
- First, you register for a free account
- You will have to verify your identity
- You then make the minimum deposit of $25
- Click the start trading button
- Select the options you want to work with. Ayrex has a couple of options.
- Choose the asset that you want to trade with
- Speculate depending on the option you have chosen
- Stake the amount you want so long as it within the minimum and maximum investment values
- Confirm the trade before the deadline and wait for the results.
Ayrex may not be the best platform for beginners. There is not much learning material or guidance resources available. You need to know how to analyze the market and make correct predictions before you engage on the platform. Otherwise, you will be risking losing your capital. You can choose a demo account first before engaging on the real account so that you get to learn the ropes.
On the short-term direct speculations, Ayres pays up to 80% profits on the invested amount. The long-term or high-low speculations could attract a payout of up to 85% profits on the invested amount. Ayrex has frequent trade signals that have been proven to have a winning rate of 60%. That’s is not a winning rate you want to put your trust one if you are not experienced though, considering their payouts are a bit low. All factors considered, they are still one of the best binary options brokers 2020.
Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin or Ripple. The platform, unlike the others, is quite straightforward. You just buy the cryptocurrency of your choice under speculation that it will appreciate in price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.
There is not much to learn about the Cryptorobot365 trading platform. They have web and app trading platforms. You can choose any depending on your preference. The platform needs you just to deposit the minimum amount, select the cryptocurrency you want to trade in, and activate the robot. It is one of the best binary options robots. This model is a great option for people without sufficient knowledge about cryptocurrencies. Keep in mind that you could lose the money too. The platform has a demo account that you can use to try out first before you invest your money.
- The minimum deposit is $250
- The maximum returns are dependent on the margins of the sales made
Binaryrobot365 is yet another robot based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them. Binaryrobot365 claims to register up to 90% win-rate among it traders. It is a great platform for novice traders to try their hand in binary trading. Binaryrobot365 is one of the best binary options brokers in India.
Binaryrobot365 operates web and app platforms. You just sign up for an account, choose a binary robot service provider and switch on the auto-trade function. It is important to note that the binary robot you choose is a central determinant of whether you are going to make money or not. Make sure the service provider you settle for can be trusted. The robots are technically developed and are based on empirical data. Some of the market factors are non-quantifiable though. Therefore, the robots cannot guarantee you returns.
- The minimum deposit is $100
- The maximum returns are dependent on the broker you choose. The returns range between 85% and 90% profit on your investment.
Binary.com is a UK-based binary trading broker. It has been licensed by and is under the regulation of the British Isles, Malta, Ireland and the UK. It is one of the most transparent binary options brokers uk. It has made declarations of owning the company, and it is in charge of the market operations. The platform brings together aspects of gambling and binary trading. Its services include FX margins, Crypto trading via MT5 and CFDs. Binary.com offers you over 100 instruments to trade with. Binary.com also offers you interactive webinars, daily market reports and eBooks and videos for learning, all for free.
Binary.com operates a website and Android and iPhone Apps. You can log in to your account on any platform of your choice. The platform also offers you the option to trade on a virtual account before you move to a real account. Newbies to binary trading can take advantage of the virtual platform and learn the ropes. The platforms run 24/7 all year long. They have interactive and easy to understand charts to help you follow the market trends. The platforms are quite responsive too.
The minimum deposit for a bank transfer or by bank card is $10. Those with e-wallets can deposit as little as $5. You start trading by choosing an instrument to trade with and setting aside a trading duration. You have to have to complete the trade before the expiry time.
The return percentages are not fixed. They vary from time to time. You need to have more than 25 turnovers so that you can have a withdrawable amount. Binary.com also pays a 1.5% payout commission.
The bonuses are not fixed either. You can get two types of bonuses. There is the deposit bonus and the free bonus. You get the deposit bonus one you deposit money above a certain amount. The free bonus is given as per the results of your trades.
Finmax is a Bulgaria-based binary options broker. The platform was launched in 2020 and boasts of a team of financial market professionals who help people around the work trade in binary options. The platform does not admit US traders though. Finmax has a couple of awards under its belt. They are an indication of its prowess as far as binary trading is concerned. Finmax also offers some of the shorted trade durations. You can set the trade to last for as little as 30 seconds. You can also set long durations. They can be as long as six months, depending on your speculations.
The trading platform allows an easy sign-up process. It has a lot of educational materials. You have access to eBooks, videos and live webinars from the financial market professionals. Finmax also offers a free demo account that you can use to familiarize yourself with the account. Finmax offers five types of real trader accounts. They are;
- Bronze – this trader account has a minimum deposit of $250 and full access to all the features. It also attracts up to 25% bonuses and as well as a payout of 75% more than assets.
- Silver- this account requires a minimum deposit of $1000. It features risk-free trading for up to 25% of your deposit and up to 50% bonuses.
- Gold- this gold account requires a deposit of $5000. It features +2% of return per each trade and up to 100% in bonuses
- Platinum – this account requires a minimum deposit of $25000. It features +4% of return per each trade and up to 100% in bonuses
- VIP – this account requires a minimum deposit of $100000. It features +6% of return per each trade and up to 100% in bonuses
The accounts’ privileges rise with the account’s rank. The high ranked accounts have a lot more privileges.
Trading on the platform once you have the account is easy and straightforward. You choose the asset you want to trade in. You then choose the above and below points. These are the high and low points you are speculating the asset to remain within. You then choose the expiry time and complete the trade before the deadline.
Finmax offers up to 90% profits on the invested amounts. These are some of the highest binary trading revenues you can get.
FXMasterbot is yet another binary trading robot. It offers 17 forex pairs and five cryptocurrencies to trade with. FXMasterbot claims the platform made by a team of financial analytics professionals. It delivers trading signals after every minute. The system just like many robots, allows you to connect to your broker’s platform.
Engaging in FXMasterbot is quite simple. You just need to sign-up for an account, then fund your broker’s accounts and set-up the robot and activate it. The robot will trade according to the delivered signals. Unfortunately, the information available about the operation and payout of FXMasterbot is quite scanty.
You can log in into your account using the browser platform or the Apps, either Android or Apple depending on your preferences. It is not prudent to invest on a platform whose results you don’t know and have no way of finding out though. There have been various complaints from traders who have used the platform.
Binarycent is a forex CFD trading platform. You trade in binary options with forex as the asset. Binarycent has one of the lowest minimum investment amounts. You can invest as little as 10 cents on Binarycent. Binarycent works just like a majority of the other binary options brokers.
Binarycent offers three types of accounts depending on the starting capital you have. They are;
- Bronze – this is the lowest caliber trading account on Binarycent. The minimum deposit required is the $250. The account features 24/7 live video support, I hour withdrawals, 20% bonus, and a copy trading tool.
- Silver – The minimum deposit for this account is $1000. The account features all the privileges on the bronze account, plus 50% bonus, master class training, and first three risk-free trades.
- Gold – this is the highest caliber account requiring a minimum deposit of $3000. It features all the features in the silver account, plus 100% bonus, and a personal success manager.
Binarycent also offers a demo account for novice traders. You need to have a certain level of knowledge before you decide to engage in the platform though. Once you have one of these accounts, you can go ahead and choose an asset to trade with. Set up the duration and put up your stake.
Binarycent has maximum revenues of up to 95% profit on the staked amount. You can access the platform through your windows or mac browser, as well as through an Android or Apple App. Their methods of funding the account and withdrawing are quite simple. Unfortunately, the platform offers no trade signals. Your trade is solely based on your analysis and speculation, unless you have the Gold account. You can get some advice from your success manager. Either way, the decisions are still all yours. The manager can only give pointers.
Binarymate is a UK-based binary options broker. The UK has strict regulations for binary options trading. Binarymate is registered in the UK, and it accepts US traders too. It is one of the most reliable and secure binary options trading platforms. It is actually one of the most trusted binary options brokers. Binarymate offers more than 100 assets to trade with. It boasts of 5372 trading accounts in the system and $ 3452175 worth of trading volume in the last month. The platform also offers a lot of training and educational materials that newbies can take advantage of.
Binarymate operates a proprietary website, but they don’t have either android and iPhone Apps. You can conveniently access the platform from any device of your choice. The platform is quite easy to sign-up to. They have three types of accounts, each with a minimum deposit. The perks of having an account with Binarymate include;
- 24/7 live video support
- 1-hour withdrawal processing time
- Secure trading and data protection
The accounts are;
- Bronze- the bronze package features a minimum deposit of $250. You will also get a 20% bonus on your deposit.
- Silver- this account requires a minimum deposit of $1000. It also comes with a 50% bonus
- Gold- this is the highest caliber account. It requires a minimum deposit of $3000. It allows you to choose between a bonus of $250 or risk-free trades.
Binarymate offers stellar customer care support and through their live chat video agents. The agents are available 24/7. It is the best binary options brokers with low minimum deposit uk.
You have the option to start with a demo account if you are a novice to binary trading. You do not have to invest your money before you have learned the ropes and risk losing it. Binarymate is one of the few offshore binary options brokers US. It also one of the best binary options brokers usa.
- Minimum deposit: $250
- Maximum returns: 90%
- Bonuses: up to $250, risk-free trades
Raceoption is yet another highly rated binary options broker. Raceoption is UK-based and is subject to the UK’s strict laws and regulations. The brokerage was launched in 2020, and it has one of the friendliest platforms. Raceoption accepts traders from all over the world, including those from the US. The platform boasts of average trader earnings of 1217 per month. It has 1570 traders as at the moment and more than $1.9 million in trader earnings per month.
Raceoption operates a user-friendly proprietary website and an App on both Android and Apple platforms. Raceoption offers three types of accounts. You can sign-up for any one of them depending on the starting capital that you have. The platform offers you over 100 assets that you can trade in. Trading on the platform is quite easy and straightforward too. Below are some general steps;
- You first select the asset you want to trade in on the drop-down menu.
- Choose your preferred expiry time
- Choose the amount you want to invest
- Confirm the trade before the deadline allowed
- You will profit with a fixed amount if it turns out you were right.
Raceoption has the signature three accounts. They are;
- Bronze- this account requires a minimum deposit of $250. It features a bonus of 20%, 24/7 live support, I hour withdrawal, demo account and copy trading tool.
- Silver– this account requires a minimum deposit of $1000. It has all the features in the bronze account, plus 50% bonuses, a master class training, first 3 risk-free trades and an individual account manager.
- Gold- this is the ultimate account on Raceoption. It requires a minimum deposit of $3000. It has all the features in the silver account, plus integrated technical analysis, and up to 100% in bonuses.
Raceoption has a wide range of funding and withdrawal methods. You can choose one that suits your convenience. Raceoption has up to 90% payout profits. These are some of the highest payouts in the industry. Many brokers do not admit USA traders. Raceoption is the best binary options brokers for USA traders. It is one of the best us regulated binary options brokers.
Automatedbinary is a binary options trading robot. It is a great service for novice binary traders and veterans as well. It allows you to work with several binary options brokers. You can connect your robot account with several binary options brokers too. Automatedbinary offers you three robots plans depending on the level of risk you are willing to take. Keep in mind that high-risk options mean you can easily lose the money, but you will get a pretty sum if you turn out to be right. Low-risk options may not have high returns even if you are right.
Automatedbinary runs a proprietary website and an App on both iPhone and Android platforms. Engaging on the platform is quite simple. You just sign up, choose the broker you want to work with, and fund the broker account. Keep in mind that the payouts and bonuses you get are dependent on the broker you choose. The brokers have different accounts on offer depending on the amount you can deposit as the minimum deposit.
You then embark on setting up the robot. Choose the risk plan you are willing to work with. Automatedbinary offers three risk plans. They include;
- Safe classic – this is a basic low-risk plan. It is a great place for novice traders to begin so that they have time to study the trends before possibly losing a lot. You can set the trade amounts to be anywhere between $5 and $500.
- Compound martingale – this is a high-risk plan. It is mainly used by casino gamblers. This plan is better for a veteran who has studied the trends for a while and knows what to do when. You can easily lose the money on this plan, but you will be smiling all day long if you turn out right.
- Accurate Fibonacci – this plan is a middle ground between the latter two. Many traders choose this plan. It represents reasonable risk levels and impressive returns when your speculations are on point. You could still lose though.
The next part of setting up the robot is the match indicators. The indicators are the prompts that tell the robot when to buy or sell. Automatedbinary offers six indicators. You can choose one that you are comfortable with, or multiple if you know how to work with them. Keep in mind that the indicators must send identical prompts for the robot to execute any trade. If you are using two indicators, both indicators might signal to buy for the robot to sell. It applies the same if you are using six of them. More indicators reduce the risk involved in the trade. However, you might end up with zero or very little returns if you combine too many indicators. Automatedbinary works with the following indicators.
- TREND indicator
- CCI indicator
- RSI indicator
- Williams indicator
- Stoch indicator
- MACD indicator.
Zoomtrader is a Belgium-based binary options trader. Just like many others, it offers the opportunity to trade in stocks, forex pairs, and commodity movement. Zoomtrader has a very interactive platform. However, the platform has no information about its previous trades or revenues generated. That is always a red flag.
Just like all the others, Zoomtrader offers web and mobile trading platforms. It features three types of trading accounts. The accounts are as follows;
- Bronze – this account requires a minimum deposit of $1000. It has one trading strategy, weekly market reviews, and an introductory video course.
- Silver – this account requires a minimum deposit of $5000. It features two trading strategies, daily and weekly market reviews, introductory and advanced video course.
- Gold – this account requires a minimum deposit of $100000. It features five trading strategies, daily and weekly market reviews, introductory and advanced video course, individual account manager, weekly one-on-one trading sessions and same day withdrawals.
ZoomTrader features payouts of up to 83% profit on investment and bonuses of up to 100% on the first deposit.
Hyoption is a binary options broker that is licensed by CySEC. It is owned by a company called HYCM based in Cyprus. Hyoption just like many other brokers allows you to trade in binary options using various assets. It offers up to 100 assets that you can trade with. Hyoption does not offer much information regarding how many subscribers they have on the platform, or the revenues collected. Their trading platform has similar features as many other brokers that we have reviewed.
The Hyoption trading platform is user-friendly and features most of the basic features we have become accustomed to. They operate both proprietary webs and Apps on both Android and iPhone. The system allows you to choose an asset of your choice and speculate on its trend over a preferred period of time. Hyoption have a wide range of options with regard to time. The options range from 30 seconds options to 1-month options.
Hyoption has a very straightforward and easy to use the account. The minimum deposit for a Hyoption account is $100. The minimum investment amount is $5. It offers maximum payouts of up to 83% profit on the invested amount. Hyoption offers bonuses of up to $10000 for new traders. The bonuses are subject to terms and conditions regarding their withdrawal though.
24option is an online trading platform based in Belize City, Belize. It has been around since 2020, and it is one of the most stable and reliable trading platforms. It is under the rules and regulations of CySEC (we are going to talk about this later on in the review). 24optios’s binary trading is enabled by a third-party entity named TechFinancials trading platform. 24option does not accept traders from the US and Australia.
24option has a website and Apps on both play store and Apple store. Once on the platform, you choose the CFD (contract for difference) you want to trade with on the upper toolbar. There is a filter to control the CFDs you want to see. The platform features indices, forex, stock, and commodities. Next is to choose the direction in which you want to invest. There are numbers in the Buy/Sell buttons that indicate the points required to pass for a successful trade. You trade has to be higher than the number indicated in the buttons. Then choose the duration for which you want to trade and confirm. The graph will show you the progress of your trade. Green means your speculation is positive while red means they are negative.
- The minimum deposit on 24option is $250
- The minimum investment is $24
- The maximum returns are 88% profit on your stake
- There are bonuses of up to 100%
- Regardless of a high minimum deposit 24option has already carved a name for itself as one the best option trading brokers.
Binomo is yet another Seychelles-based binary options broker that has been in operation since 2020. It has been providing brokerage services for Russians. Binomo is registered and regulated by the EU. Binomo prides itself on unique and affords trading conditions. It is hailed as one of the safest and most reliable binary trading platforms in the industry. It is a great platform for binary trading newbies too. It has a wide range of training resources.
In 2020 Binomo had the best trading platform. It still has one of the best trading platforms today. When the platform was launched in 2020, it shook the market and won Binomo a huge chunk of the market. Binomo offers up to 80 assets that you can trade with. The assets include some of the worlds largest companies. Binomo offers four types of accounts each with different privileges depending on the minimum deposit. The accounts are;
- Demo account– this account is meant for novice traders to experiment before they start staking actual money.
- Standard account– the minimum deposit for a standard account it as low as $10. This account allows you access to the real market and analytical support. You can also take part in tournaments and special offers. This account has payouts of up to 83% profits on the staked amount.
- Gold account– this account has a minimum deposit of $500. The privileges of this account include an expanded list for trading assets, a personal manager, bonus funds and 5% refund on losses. This account has payouts of up to 86 % profits on the staked amount.
- VIP account – this account attracts a minimum deposit of $1000. It is accompanied by privileges such as 10% refund on losses, the widest choice of assets, personal manager accessible on skype, and 4 hours withdrawals. This account has maximum payouts of up to 90% profits on the staked amount.
Best Binary Options Broker Selection Guide
The reviews above are meant to give you insight about how binary options trading works and the various brokers involved. Our aim is to ensure you have a blissful and profitable trading experience. It would be unfortunate for you to invest your hard-earned cash into a certain platform, only to lose it all. Before you settle on any of the brokers, there are a few common factors you are supposed to consider. The factors are;
Licensing and Regulation
The binary options brokers are supposed to be licensed for operation by the relevant authorities. They should be operating under the regulation of these authorities. The regulation is always in place to ensure you are protected from scams. If you are not a financial analysis professional, it would be difficult to tell whether the market trends being displayed on the charts are real. The regulation is meant to ensure the brokers do not take advantage of the naivety of some traders. Regardless of any reviews you might have seen about various brokers, ensure the broker you choose to trade with is licensed and under regulations. For instance, CYSEC is one of the most respected regulation bodies. It regulates brokers based in Cyprus. It might be challenging to best binary options brokers for us traders because of USA’s tight regualtions.
Ultimately, you can only invest the amount that you have. Take time to explore the various binary options brokers whose minimum deposits you can meet. Fortunately, many of the brokers have broken down their services into various packages for people with different financial capabilities. Check relevant reviews to find out which of the brokers whose minimum deposit you can meet is best for you. They are a number of brokers with very minute minimum deposits.
Different brokers offer different percentages of payouts. Obviously, everyone would want the broker with the highest payouts. Compare the payout and other factors such as customer support, market signals and tips, educational materials, and others. This will help you judge how fair the payouts the broker is offering are.
The reviews and guide above should help you choose your best-suiter binary options broker. We sincerely hope this review can help you trade in binary options profitably. The review has some of the top binary options brokers. You should be able to get a great binary options broker. Happy trading!
The RIDICULOUSLY Simple Guide to Start Cryptocurrency Trading For Beginners
Before you get started you might be wondering why trade cryptocurrencies in the first place?…
There are four main reasons why you should consider investing in the cryptocurrencies trade right now.
Trade the hottest Cryptocurrencies at IQ Option
1. As of 2020, the total valuation of all cryptocurrencies has surpassed $100 billion. As new cryptos are launched and the value of existing ones continues to rise, consider the cryptocurrency market cap in the next 5 years.
Given that this market is barely a decade old, it’s one you want to get into immediately.
2. More businesses are adopting cryptocurrencies as an alternative payment method to fiat (normal) currencies. Why? They’re considered secure, attract low transaction fees and transactions are completed within seconds.
Companies are also creating their own cryptocurrencies and offering them via ICO. If you’re able to buy in and the cryptocurrency value increases then you made a smart investment.
3. There are hundreds of cryptocurrencies to choose from. Majority of those being launched are experiencing rapid price increases within months of being released to the public.
Besides cryptocurrencies, companies are using blockchain technology to create new tech products. This shows that this technology is likely to continue being adopted over the next couple of years.
4. Finally, cryptocurrencies can be ultra-volatile. For example, on June 24 2020, the value of Etherum crashed from $319 to 10 cents.
The crash was short lived and the value rebounded within a few hours….
Savvy traders made handsome profits on that day…
Speaking of becoming a savvy trader, let’s get to the beginners guide to cryptocurrency trading.
General Risk Warning! your capital may be at risk
Getting started as a cryptocurrency trader
Trading cryptocurrencies is more or less like forex trading. So getting started involves taking similar steps.
1. Open a wallet
Regular currencies are stored in a bank. Cryptocurrencies are a bit different due to the fact that they’re software. They’re stored in what is referred to as a “wallet”.
This is an address on the blockchain. Wallets can take many forms that include apps, online wallets, hardware wallets and paper wallets.
The wallet has a public and private key. The public key uniquely identifies you wallet similar to your PayPal email address. The private key on the other hand is similar to a password.
Opening a wallet is only necessary if you intend to trade in actual cryptocurrencies.
IQ Option offers a better and straightforward alternative through the Open Trading Network platform (OTN). This is a decentralized exchange that’s focused on cryptocurrencies.
It allows you to store all your cryptocurrencies in a single wallet as well as carry out transactions across different blockchains.
New IQ Option account holders are getting free OTN tokens for a limited amount of time now.
2. Open a trading account
The first thing you’ll need is to open a trading account. I would recommend opening one with a regulated broker such as IQ Option or an exchange that offers cryptocurrencies trading.
I would also recommend that your preferred broker has a demo account. IQ Option offers one with a $10000 virtual cash deposit. Demo accounts come in handy when beginner traders want to try out different trading strategies before investing their own cash.
There are literally hundreds of cryptocurrencies available today. However, finding a broker that offers at least 5 of the most popular ones is necessary.
General Risk Warning! your capital may be at risk
It’s similar to currencies. When a cryptocurrency is popular, it’s very likely that traders are investing in it. You’re therefore almost guaranteed predictable price movements which are necessary if you want to be successful as a trader.
Having several cryptocurrencies to choose from on the other hand doesn’t tie you down to a particular asset. If one cryptocurrency’s performance isn’t great, you can trade in another.
3. Loading your account
Depending on your broker or exchange, you can load your trading account in a number of ways. These will include credit card, bank transfer and eWallet.
4. How to start trading cryptocurrencies
Depending on your broker or exchange, you can start trading cryptocurrencies through three different ways.
A. Buying and selling the cryptocurrencies (buy and hold)
This is the most popular and recommended option for beginner and experienced traders. It’s similar to forex trading. You can buy the cryptocurrency and hold position while its value rises.
Once the value rises to a point where you cover the spread/commission and make a profit, then you can sell.
Alternatively, you can sell your cryptocurrency when its price is at its peak. Then, wait until the price drops to a certain point before buying again.
Wh y is this strategy recommended?
The volatile nature of cryptocurrencies makes it possible to profit from small price movements. Remember the June 24 Etherum crash and rebound in a few hours?
It’s a good long-term investment strategy especially if you have been following the price movements of one or more cryptocurrencies. Many of the popular cryptocurrencies available today have seen an upward trend since they started being publicly traded.
There is no multiplier on making cryptocurrency purchases. This makes it hard to lose more than you’ve actually invested when purchasing the cryptocurrency.
This trading strategy has three drawbacks.
The spreads are usually higher. This makes it hard to hold position for relatively short periods unless the market changes really fast.
The second drawback is that the only way to maximize profits per trade is buying more of the underlying asset. Your broker is unlikely to offer leverage on trades.
Finally, trade entry might require investing a huge amount of capital. The value of certain cryptos like Bitcoin can exceed $5000 per coin.
B. Cryptocurrency CFDs
If you’ve traded CFDs before, cryptocurrency CFDs work in a similar manner. Instead of buying the cryptocurrency, your job is to speculate on its price movements.
Your profit or loss will depend on how well you predict the price of the crypto to move. As the price moves further (either positively or negatively) from the buy price, the higher your profit or loss.
Why trade cryptocurrency CFDs…?
First, you don’t need to open a wallet to store your cryptocurrency tokens. The reason for this is that you won’t need to buy or sell the actual cryptocurrency you’re trading.
Brokers usually place smaller spreads on cryptocurrency CFDs compared to buying and selling actual cryptos. The lower spreads makes it easier to enter and exit profiting trades within a shorter amount of time.
Brokers will also usually offer leverage (multipliers) to traders. This is a kind of loan which allows you to significantly multiply your profits.
Multipliers however come with certain risk. You can potentially lose more than your invested amount on a single trade.
C. Binary options trading with cryptocurrencies
Although many regulated brokers and exchanges are moving away from digital/binary options, it’s still a viable strategy for cryptocurrency beginners. This strategy takes a different approach compared to the aforementioned two.
With the previous two strategies, your profit or loss is calculated as the difference between the price at trade entry and the price at trade exit. With binary options, your profit or loss is fixed.
That is, you are going to earn a fixed amount depending on how well you speculate the price of the underlying instrument to move.
So, if you’re to receive $100 if the price of Etherum rises in the next 60 seconds it’s what you’ll get regardless of whether the price raises $1 or $300. If the price drops, you’ll lose your invested amount.
Why should you consider this cryptocurrency trading strategy?
You don’t need to open a cryptocurrency wallet to get started. Binary options trading doesn’t require that you own the underlying instrument which in this case might be a $5000 worth Bitcoin.
It’s a good option if you don’t want to hold long positions. Some of the trades can be as short as 15 seconds.
Cryptocurrency binary options have several disadvantages.
The first disadvantage is that many regulators are introducing tough rules to regulate binary options trading. Many brokers are exiting this market in favor of CFDs.
This however doesn’t mean that you cannot find a reputable broker offering cryptocurrency binary options…
Another disadvantage is that the profit you stand to earn is fixed. This is regardless of how high the cryptocurrency’s value increases.
Finally, this cryptocurrency trading strategy largely relies on execution speed. Its therefore not a good long term investment option.
5. Withdrawing your earnings
The process, time and fees incurred when withdrawing your cryptocurrency trading earnings largely depends on your broker. However, you should be able to withdraw earnings as cash (for CFD and binary options traders) and as cryptocurrency to your wallet.
Now that you’ve gone through the essential steps in this cryptocurrency trading guide,
which cryptocurrencies are currently on offer at IQ Option…?
Here’s the complete list.
This is the most popular cryptocurrency. It was launched in 2009 and constitutes approximately 46% of the total cryptocurrency market capitalization. It’s also the most expensive with one Bitcoin going for over $5000.
It’s one of the newer cryptocurrencies launched in August 2020. Its popularity is largely attributed to the fact that Bitcoin owners at the time of its launch received an equal amount of Bitcoin Cash coins.
Since its launch in 2020, Dash has evolved into one of the most popular cryptocurrencies. Along the way, it saw its name changed twice (Darkcoin and then XCoin). Its popularity stems from its instant transactions, decentralized governance and private transactions which are major improvements over Bitcoin.
This is the second most popular cryptocurrency on the market. Two features have helped propel Etherum to the top 5 cryptocurrencies available today.
The first is smart contracts which provide additional security especially when transactions are carried out between untrusted agents. The second is faster transaction speed compared to Bitcoin.
Similar to Bitcoin Cash, Etherum Classic was built based on the success of Etherum.
One of the first “Altcoins” to be developed as a Bitcoin alternative, Litecoin offers faster transactions confirmation and almost zero transaction costs.
Ripple boasts to be safer, cheaper and offers faster transactions compared to Bitcoin and Etherum. With regard to market capitalization, it’s the third largest.
This is a lightweight cryptocurrency specifically optimized for the Internet Of Things.
Besides these eight, other cryptocurrencies you can trade at IQ Option are ZCash, Monero, Santiment and OmiseGo.
Cryptocurrencies no doubt are a part of the world financial future. New cryptocurrencies are being launched each year. However, some such as Bitcoin and Etherum remain heavyweights in terms of market capitalization and popularity.
As more companies and businesses continue to adopt these alternative payment methods, their increase in value is inevitable. And that’s where you come in.
As a cryptocurrency trader, you have the opportunity to make huge profits speculating on their price movements. Getting started is simple and involves the same steps as online FX or CFD trading.
Besides the potential profitability of cryptocurrency trading, it’s worth noting that brokers and exchanges are looking into this market as an alternative to binary options. So right now is the best time to begin your cryptocurrency trading career and start right before other traders join in.
General Risk Warning! your capital may be at risk
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