Binary Options Brokers: how to choose the right one?

Broker GToptions Banc de Binary 24Option Anyoption Optionbit
Min. deposit $250 $100 $200 $100 $100
Bonus $100 no no no no
Gains 90% 90% 85% 90% 90%
Currency $, €, £ $, €, £ $, €, £ $, €, £ $, €, £
Payouts 71/15 71/15 85/15 71/15 71/15
Exp. times 15m, 30m, 1h, 24h 15m, 30m, 1h, 24h 1h, 1d, 1w 15m, 30m, 1h, 24h 15m, 30m, 1h, 24h
Traders Wordlwide Wordlwide Wordlwide Wordlwide Wordlwide
Country Cyprus Cyprus Cyprus Cyprus Cyprus
Demo acc. Yes Yes Yes Yes Yes
Our review review review review review review

People are constantly looking out for profitable investment options. Some of the investments have a higher level of risks as compared to others. For instance, those who invest in the stock and Forex markets bear a heavy risk burden. On the other hand, a binary option is a type of investment whereby investors are aware of the exact gains or losses that they are likely to be subjected to. There are several trade binary options available. This makes it important for one to seek the services of a well reputed and experienced binary options brokers. The experts will advise you accordingly.

Essential tips:

Binary options broking is done everywhere. It has several platforms from which one can make his or her choice. How to choose the best binary options broker? Interestingly, all the platforms are similar in all aspects. Therefore, choosing the best binary option brokers can be a daunting task. Below are some tips on how to choose the most suitable trade binary options.

  • Check on a suitable return and payment rates. Ensure that you choose a binary broker that provides assurance at a range of 65-70% return on a win and not less than 10% on a loss. In case one come across lower percentages reconsider checking for another one. If there is a better offer in the market, one should not hesitate to take it.
  • Secondly, check if the binary options brokers are licensed. If the broker is licensed, then there is assurance of high level of professionalism. If otherwise, there is no need of panicking. Licensing of the brokers is prohibited by the law in some countries such as Turkey and Israel. In this circumstance, one can compare review of different platforms.
  • Using the internet, compare the site reviews of different brokers. Such sites include the Daily Forex. One can as well check trading forums such as the Trade2win so as to get a list of reviews of various brokers. In case one wants an assurance from experienced customers, their reviews can be compared.
  • Sign up for a demonstration of how the platform works. Try to see if the sight is favorable. Does it explain vividly on how trading is done? Is the website well organized? Try signing up for demonstration on various sites and compare the usability before settling on a specific site.
  • One should ensure that the chosen site provides a secure payment system. The site should have a fraud detection service. The sight should have a 128 bit SSL encryption. One should also determine what he or she requires before shopping to avoid wasting time checking on different platforms.
  • If one is beginning trader, it is important that he or she utilizes a glossary of terms and resource to get adequate relevant information. On the other hand if one is an experienced trader for over 30 years and is still finding challenge in looking for binary options, he or she should utilize a sight that provide a good number of exotic options and expiry dates.
  • One should ensure that the list of assets of trading is acceptable. He or she should check on the list offered and determine if it is suitable his or her needs. In conventional trading, one can sell binary options before the date of expiry to prevent incurring a loss. One can also purchase the option at any level so long as it has been offered for sale.
All top-rated binary options brokers, such as GToptions, Banc de Binary and 24Options has all mentioned advantages: suitable return and payment rates, demo accounts, high security encrypted payment procedures, a lot of relevant information and tons of positive reviews over the net.