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Investing money online has become more and more popular over the years, not only because it’s very easy, but also because there are faster ways to make huge profits then with traditional investments. It’s not uncommon to see investors make thousands of dollars a month. Binary Options is one of these popular investment methods.
What are Binary Options?
Binary Options are on of the easiest form of trading, therefor many investors prefer it over traditional options. In this type of option, the trader has to decide whether the price of a financial asset will go up or down in a certain period of time. Depending on the result the trader can make a profit or a loss. Want to get started with binary options? Visit our top10 page where we list the best binary broker sites.
One important difference is that Binary Options give you the full payout, no matter how much the price varied. Sometimes the trader, even though he lost the trade, may still get a small portion of the payout amount. Let’s say you put $100 on an asset, you lose, and you will still get $15 back.
Top 10 Binary Options Brokers
Never join a broker site without reading some reviews first. Sometimes the reviews will differ from site to site, but this is mainly because of angry traders who deposit and lose all their money in a short period of time. In this case even the best trading platforms may receive negative reviews.
You should ignore these kinds of ratings and look for legitimate ratings. Of course that making money is more fun, but you can also lose sometimes.
The key is not to invest all of your money on one asset, but instead on multiple assets to reduce the risk. Take a look at the best binary sites above and join one that fits you best. These sites are all trusted and licensed sites.
The first thing you want to do when registering on a binary options broker, is to deposit some money to get started. Every broker has its own minimum deposit amount, but usually it’s around $250.
Luckily all brokers have numerous payment methods and the most popular ones are: credit/debit cards (Visa, Mastercard etc.), bank wire (minimum deposit is higher with this method) and e-wallets (skrill, or sometimes even paypal). There will be enough payment options for everybody.
Withdrawing your winning is as easy as depositing. You just click the withdraw button, and after a few hours/days (depending on the broker and payment method chosen) you get your money from the broker.
Choose a regulated broker
When deciding which broker to sign up with, you should definitely look for a regulated one. Most brokers (except the US/Canada friendly brokers) are regulated by CYSEC, Cyprus. This means that these brokers have follow some guidelines which include the security of your money (which should be your #1 priority).
Regulated brokers are more trusthworthy and safe, therefore you should always go for a regulated broker instead of a non-regulated one.
Binary Options Trading
The brokers in our top10 list can be very similar in some aspects and very different in other aspects. You should try out a few binary options brokers, before sticking to one. In the end it may come down to personal preference, when picking your favorite site.
Best Binary Options Broker
Banc De Binary – this broker has the experience that it takes to be the #1 broker on our website. Banc De Binary is one of the oldest and most known binary options brokers on the internet, with a great platform (Spot Option), stellar customer support and an awesome deposit bonus. Not only we, but also other comparison sites rank this broker as one of the Top3 best brokers.
On this site you can trade stocks, indices, currencies and commodities. In addition Banc de binary has a great mobile version as well.
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