CySEC Demands Clarity Over Name Changes of Forex and Binary Brokers

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
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  • Binomo
    Binomo

    Trustful Broker!

5-Minute Strategies for Binary Options

The trading system for binary options with a 5-minute period of expiration is the «golden mean» of those parameters that allow you to minimize the risks of trading and work with excellent profitability. The most important question is what method should be used for stable and highly profitable trading?

Actually, there are many different strategies to trade binary options on the 5-minute time limit expiration. For example, the main focus of the profitability of the «High Range» system are trading signals that, in this strategy, are obtained from technical indicators. They make this process profitable.

Another, important factor affecting the profitability of options trading is a binary options broker, which guarantees your transaction without slipping. What’s wrong with slippage? Slippage is fraught with the loss of precious points, the existence of which is very important at the time of expiry of the transaction. You think the loss of 3-5 points is not significant? Trust me, it’s a lot! Even a few points can you take up to 10% of the trading results! For example, if using the strategies of trading binary options for 5 minutes, you have 70% profit, minus the 10% slippage; you get only 60%, which automatically makes your trade unprofitable, because the growth of the deposit should be at least 65% for the strategy’s profitability. That is why it is important to choose a broker that ensures no slippage in prices.

Upon logging onto the broker’s platform, your quotes chart will look like this. Now you need to set the chart up, so you chose the configuration of its timeframe for 1 minute:

Then you need to add all the necessary indicators to the chart. Therefore, you choose from a Volatility Stop catalog, a Williams% R indicator:

That’s all you need for a simple strategy for binary options that have been prepared for use. Now, the 5-minute binary options strategy will use the trading signals to bring you profit.

Receiving signals in «High Range» 5-minute strategy

For convenient and efficient trading, place next to each other the Binomo platform windows and a chart with technical indicators. That way you can immediately make a deal, having received a signal from the indicators. After this, just follow the result of the indicators, which should show you the best time for the opening the transaction.

The signal for UP deal:

1. The emergence of a green dot will mark the beginning of the trend’s growth.
2. Crossing the upper extreme level by the Williams% R indicator will warn of an increasing growth trend.
3. The appearance of these signals on the chart indicates the right time to make an UP deal, which must be opened from the broker’s terminal:

A DOWN signal for the transaction will be:

1. The appearance of a red point that will mark the beginning of the trend’s fall.
2. Crossing the lower extreme levels by the Williams% R indicator will warn of the increase of incidence trends.
3. The appearance of these signals on the chart indicates the right time to make a DOWN deal, which should be opened with the broker’s terminal:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

What is level of profitability of the «High Range» system? We mentioned earlier that the rate of return of this strategy is able to reach 72%. But you must use a reliable broker and a 5-minute strategy. This is the right step for the significant growth of your deposit!

Expiry dates

Trading binary options using a 5-minute strategy is to set for each transaction a 5-minute time expiration. Thus, you will ensure maximum profitability from your transactions!

Another strategy for 5 minutes

Binary options are often very unpredictable, but there is a trading strategy that you can use to outsmart the market and wrap its fluctuations in profit! The name of this strategy is «Crafty Serpent», and it can easily increase your deposit by about 5% per day.

Receiving signals

What can binary options offer? The strategy from the professionals, called «Crafty Serpent» will give you 7 profitable transactions out of 10. That is an excellent result, and it is now available to any trader. To trade, place 2 windows near each other (a window with a broker platform and a window with a live chart) and follow the dynamics of the installed display.

The signal for an UP deal would be:

1. Green lines of the «Crafty Serpent» indicator will cross the zero level up.
2. Therefore, if you are looking at the chart to see a situation, immediately press the UP key, because most likely quotes will continue to move in this direction:

The signal for a DOWN deal would be:

1. Green lines of the «Crafty Serpent» will cross the zero level down.
2. Immediately press DOWN, because most likely the quotes will continue moving in this direction:

Expiry dates for trading «Sinister Snake» binary options strategy

Creating a template on a live chart for a quotation chart, we used a 1-minute timeframe. This means that one quotation candle is equal to one minute. Thus, on the graph, you can see that when the lines of the «Crafty Serpent» indicator intersect, the following quotation of 5 candles (which is 5 minutes) continues moving down. This is a standard script that is repeated in 90% of cases when you get a trading signal. That’s why we recommend the broker platform with an expiry period set to 5 minutes. Using this parameter in the «Crafty Serpent» trading binary options strategy will be as efficient as possible.

CySEC Demands Clarity Over Name Changes of Forex and Binary Brokers

Having acquired basic knowledge on binary options, the prospective investor or trader ought to move to the next step towards engaging in one of the most promising and exciting kind of investment. This involves selection of a best binary options broker. The selection process may sound easy but the fact of the matter is that it can be involving especially if the investor wants to get good returns on his or her investments. One is supposed to take time in the selection process so that the kind of binary options broker that the investor ends up with meets the needs. Making a wrong choice at this stage may lead to undesired results as well as problems with the trading platform, poor support services and low quality investor services.

Here are important characteristics and qualities of best binary options brokers that investors need to consider

Best binary options brokers

Best binary options broker is one who strives to make the investor’s job easier. An investor who is looking for a broker need to find one who offers an easy sign up, this enables the trader to get an account as well as start running it immediately. To get one who fits this description, an investor need to carry out a search so as to come up with an individual who is reliable. The investor can also ask for recommendations from people who have invested before, this will give a true and clear picture of the broker. Also the reviews from the internet will tell more about the reputation of a broker. If the people who have used a given platform are not happy with the services which they were offered as far as signing up process as well as payment methods are concerned, this should raise an alarm.

Payment methods

After ensuring that the broker whom you wish to trade with have an easy sign up process it is also important to establish whether the payment methods which are used by the broker meet your needs or they are well supported in the regions where you stay. There are some cases where brokers in some areas use payment methods which are unavailable allover the world. When the payment methods which are used by the broker are either unsupported or are unavailable in your area, when it comes to withdrawals and deposits, there might be an issue.

Binary options web platforms and mobile platforms

There are various trading platforms that are used in the trading of binary options. We have the mobile based and web based trading platform as the main types. It is important for an investor to find out the kind of platforms that a broker whom he or she intends to register uses in the course of trading. If the investor is planning to trade using a mobile device for example a tablet, then there is a need to establish whether the broker’s platform supports such tools. It may be frustrating to register and discover later that the devices in your possession are not compatible with a trading platform which is used by the broker. This will force the trader to spend extra money in buying a device which will work well with the trading platform. The best trading platforms in the market are normally compatible with most of the devices and can also be accessed from any part of the world as long as the area is covered by internet connections. A good trading platform also needs to have extra tools which help the investor to navigate through the system. The investor need to access the educational materials so that the learning process can be easier.

Binary options assets

There is a need to establish the kind of trading assets that each broker allows in their platform. You may find a very good broker in terms of the payment methods, compatibility, reliability but find that the trading assets available are somehow limiting .This basically means that as an investor one will not be satisfied since there is an outright limitation as far as the range of asset is concerned. Before engaging and even registering, an investor should check the assets that a given broker offers as well as make sure that popular assets are allowed.

Broker payout

Binary options broker payout is among the most important factors that any investor should consider when it comes to selecting an appropriate broker. While coming in to trade in binary options any investor aims are reaping the best and highest benefits. If the rate of return is low, then this will not be achieved, therefore the rate of returns offered by an individual broker should form the basis of decision making when it comes to selecting an binary options broker to work with. Normally the binary options brokers are known to offer returns ranging from 65 to 85 per cent, although in some case the rate may be higher. There are also some special kinds of binary options which offer a return of 500 per cent.

To succeed in binary options trade, an investor must have access to vital information on the assets he or she is trading on. There is also a need to access vital technical tools to help in execution of strategies as well as carry out the necessary technical analysis. Most of the brokers provide access to the necessary technical tools but one might not be sure, therefore it is important to establish whether the investor will be allowed to access the necessary tools required for technical analysis.

Binary options demo account

A binary options broker is supposed to provide the new investors with a demo account as part of educating them on how to trade. As an investor one should not use the services of a broker who does not provide an opportunity to carry out trade through a demo account. Demo accounts provide an environment similar to earn that exists in the normal trade, here the new investors learn all that is needed to carry out a successful binary options trade. One familiarizes with the interface of a trading platform and learns about the trade without having to risk the money. It is only after an investor has understood how the trade operates should they graduate to the real trade.

Broker support

Support during the early days in trading assets is very important to an investor, this not only gives then a chance to ask for guidance but also any questions which may arise in the course using the services. The broker who is selected should have a support staff who are skilled, experienced as well as polite and helpful when it comes to dealing with issues which arise.

Making the right decision when it comes to the selection of brokers will largely determine the success of the investor, therefore every step should be taken to ensure that the one who is selected will offer all the necessary support, is reliable and at the same time have the best rate of return in the market.

How to open an account

The accounts requirements

An investor is required to fill in information which almost every website requires in the course of registration. Here one is required to provide the name, residence, the currency which is preferred, email, password and the payment method. Contact details such as phone number are need to be used during the verification process as well as in case the investor needs support from the broker.Investors are allowed to register two accounts where one uses real money and the other one is a demo account. A demo account is necessary as it offers the investor a chance to learn before they start using real money.After the registration process is over, the investor will be required to verify the account. Most brokers carry out this process for security measures. The process ensures that the person who has registered is of age and at the same time, it is a real person. The verification process may be through sending a photograph as well as scanned images of personal identification documents such as driving license, national identity card or a passport. Although the process may be tedious, it guarantees the investor’s safety against identity theft as well as fraud. Some brokers will only require you to verify the account through sending an email or through accessing the website using a one time link which is sent through the email.The registration process depends on the broker that you have chosen, for some it may take only a few minutes while others a couple of hours to days. When asked to verify the account, it is not that the broker does not trust but rather it is a way of ensuring that fair and secure trade is maintained all the time

Various payment methods are available, an investor is supposed to select one which is allowed in his or her region. One can select to deposit or withdraw using a check, PayPal, skrill, money bookers, web money, bitcoins among other payments methods. Minimum and maximum deposits and withdrawals are set by individual brokers; therefore it is important for an investor to check with them. Some brokers may require a minimum of $ 100 as an investment while other may ask for more.

Regulation of binary option brokers using CySEC

What is CySEC regulation?

Not everyone knows, but binary options have been trading for many years. Many of us traded on different platforms and faced the problem of deception. Everyone has already encountered such a problem, which even participated in the forex market a little. The way out of this situation was the decision to develop appropriate directives that would secure the trader from losing the money invested by him. Many years have passed since the opening of the first broker of binary options and the release of the required number of regulatory acts in this area. The main regulator was CySEC.

What is CySEC?

CySEC is the Cyprus Securities and Exchange Commission (Cyprus Securities and Exchange Commission).

The creation of CySEC dates back to 2001. The main task of CySEC was the regulation of the Cyprus financial markets. In 2004, Cyprus received the membership of the European Union.

As a result of this integration, CySEC is committed to be part of one of the EU’s main directives on the markets for financial instruments. It wears the abbreviation MiFID. Most of the Forex brokers have been working with it for a long time. It provides all companies registered in Cyprus with access to European markets.

An interesting fact is the announcement on May 4, 2020. It refers to the official recognition by the CySEC Commission of binary options as a financial instrument.

What is the responsibility of CySEC

The duties of CySEC are:

  • Tracking of transactions carried out on the Cyprus Stock Exchange by companies with official registration, brokers by individuals who conduct trade on an individual basis and broker companies;
  • Tracking schemes for collective investment, companies that have a license to carry out their activities, providing investment services, as well as the regulation of companies of mutual investment funds and investment advisors;
  • Provision of licenses required for the operation of investment consultants, brokers and broker companies;
  • The imposition of sanctions and fines on investment advisers, individual brokers, brokerage firms and other actors that are subject to the law.

What does it mean?

Opening an account with a broker who operates under the regulation of the CySEC Commission implies control over your account. Under the regulation under such control, all your transactions on your trading account, including deposits, all information on the movement of money on the account, are included. The duties of the broker, which is governed by CySEC:

  • The broker must maintain customer services on a separate account, where all the customer’s cash operations will be performed. The broker has no right to use the client’s funds for his own needs. For a trader, with binary options, this guarantees the complete safety of his invested money and guarantees their return in the event of the company’s termination of the broker or failure to fulfill its obligations to him.
  • All brokers that are regulated with help must provide all data on their activities to the 3rd party. In turn, this will ensure the transparent operation of these entities.
  • The CySEC regulator obliges brokers to provide data on all their transactions to government agencies. This measure will allow you to secure your activity from unauthorized transactions on your account and will only allow you to control the funds in the account.

The CySEC license does not function on an ongoing basis. Every broker that received it will be regularly inspected by this commission. CySEC provides for a system of imposing fines and penalties. The most severe punishment is the deprivation of a license by a preliminary decision of the commission.

The main task of CySEC

The most important task of CySEC is to protect the interests of investors. In other words, it is the protection of the investment invested by the trader. It consists in providing security, security, preventing unauthorized access to funds without a trader’s statement. Exercising supervision over the lawful use of funds by the broker. Operations can be carried out only on your behalf and on your initiative.

“General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.”

Best Binary Options Signals Review: Is it Scam?

Best Binary Options Signals Review: Is it Scam?

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Last Updated: Sep 1, 2020 @ 11:44 am

Well, when folks bump into this binary options service hosted on this domain, Best-binary-options-signals.com, the first question which they ask is whether it’s a legitimate signal provider or not.

We will answer that question in this review as we analyze the various aspects of this service. But first, it’s important to know that this signal provider is offering free signals and at the same time offering a premium plan which is to be paid for at the end of every 30 days.

Their free signal service is basically meant to lure in traders to subscribe to their paid signal service which the website says has more value than the free service.

So, is Best Binary Options Signals worth signing up for? Can you increase your efficiency in trading Binary options by simply following and implementing their signals.?

Best Binary Options Signals Review

Now that it is quite obvious that Best Binary Options Signals is a signal provider, we should go into details right away to let you know how it is like to use their signal service.

Let’s start with the free signal service. It’s meant for people who want to try out their service for free. But you generally have to wait longer in order for signals to show up. Besides, the website claims that free signals are not as accurate as paid ones.

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So, is there a possibility that the free signals are randomly generated while paid ones are carefully selected by expert market analysts? We are being tempted to think that Best Binary Options Signals is basically displaying random signals on their site, and it works in mysterious ways. Here’s how it often goes:

A traders comes to the website and tries to follow at least 5 signals. If the signals win most trades by chance, this trader will be prompted to sign up for the premium signals plan which costs £55 per month.

When they sign up for the premium signals service, they will be getting into a contract that is renewed on a monthly basis. If the trader forgets or fails to cancel their membership (in the event that they want to opt out), a month’s fee will be charged for that particular month anyway.

Generally, the free plan is a time waster because it keeps you waiting for a long time before new signals can show up. We believe that this can be a hectic way of trading Binary Options especially if you’re used to automated trading robots that save you from unnecessary screen time.

What is the average win rate and is it consistent?

The website is very open with their average win rate. They say that their win rate is 63.04%. In November 9th 2020 for instance, they said that they sent out 138 forecasts and that out of these, 81 signals made money while the rest, 51 lost money.

This win rate is not the best you can have in the industry right now. With cutting edge trading robots on sale today, there is no way you should find this service desirable because that win rate is just above the break even mark.

If it was consistent, it would take you a long time to make a significant amount of money. In addition to this, you cannot put what you cannot afford to lose at stake. If you did this, you’d be raising your risk profile for huge, quick profits. That would backfire on your account because we are talking of signals that hit the green, 63% of the time.

Generally, we would not advice readers to sign up with Best Binary Options Signals because of the low win rate.

How many signals can you receive per day?

Their free signals service is a little bit restrictive. There are only 5 trade-able assets to work with. But on the other hand, their paid service issues signals across a broad spectrum of assets. This can be up to 15 different trading assets.

This should not be a problem for you if you’re not into fast paced trading which often leads to over-trading and ultimately account blow.

But if you’re the kind of person who is always looking to jump into the next trade, you might find the free plan quite restrictive because one has to wait for a count down timer for a signal to come along. To remove this count down timer, Best Binary Options Signals is asking traders to upgrade to their premium plan which will then unlock over 100 plus signals per day.

What we think about Best Binary Options Signals website in general

When you go through this website, the first thing you will see are signals waiting to show up or signals that have already been traded.

In other words, this website also shows us history of their signals. However, there is no performance record to show how their past signals performed.

We are not sure if Best Binary Options Signals is trading these signals or just sending them to users after analyzing the market. We do believe that professional market analysts are traders themselves. This means that before they can even think of sending the signals, they should be thinking of entering a trade based on a specific entry point which have figured out on the chart.

One might think that we are asking too much when we say that Best Binary Options Signals does not have trade history.

We are not. If these people are real expert traders, they should keep a clean record of whatever they have been doing for the past one month or so.

Nevertheless, we can also see that this question is being camouflaged by the fact that they are offering free signals for your testing. That means you should test their free service on a demo account and if you’re pleased, you can upgrade. The question is, what is so difficult about providing daily trade records that can be verified? Isn’t this the ultimate test of transparency that every signal provider should embrace in order to convince traders that their signals work?

Before we forget, Best Binary Options Signals is also offering a trial plan for £15. This expires after 2 days and is non-refundable in case you fail to take advantage of the signals.

Best Binary Options Signals states in their fine print that if you subscribe on a weekend for the trial plan, this will not be counted, and yet money shall be deducted with no refund later on. We feel that this is a little bit unprofessional.

Best Binary Options Signals confesses that their signals are meant for illustrative purposes only

If you read the fine print at the footer of the site, you will see a notice saying that information on this site is meant for education purposes only. Again, this service needs you to have some knowledge on how to trade Binary options. If you have never traded before or are not proficient in analyzing charts, it is not for you.

In other words, Best Binary Options Signals is just looking to provide clues on how entry and exits which will cost you £55.

Our best advice for you

If you already know how to trade, we don’t see the need to sign up because you know where to enter and exit your trades when the right patterns form. If you don’t know how to trade, then we suggest that you pick a trading software/signal service here.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

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