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Binary options is a quite new way to make money only by investing it in stock, commodities, indices and currencies. 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 and Top10BinaryOptions.net is your #1 online binary options trading guide.
What are Binary Options?
Binary Options are on of the easiest form of trading, therefore 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.
Binary Options Trading For Beginners
Binary Options trading is easy to explain. Binary means something that has two parts. In binary options you will be given a starting price, after choosing an asset. Lets say the USD/EUR is 1.1 (1.1 USD = 1 EUR). All you have to do now is to decide whether the price of the currencies will go UP or DOWN. You only have these two options, therefore it's called binary. In binary trading we call it 'PUT' if the price goes down and 'CALL' if the price goes up. It's more than likely that you will see these two words on a broker site, rather than UP or DOWN.
The expiry time is another important factor when trading binary. In order to win, you will have to pick an expiry time, which means that your CALL or PUT action will be counted only at the very moment of the expiry time. Lets say you feel lucky, and try a 60 second binary trade. This means that you will find out if you won or lost exactly after these 60 seconds. Even if you select CALL (price will rise) and the starting price falls at first, important is that it is higher after 60 seconds, than it was at the time of starting the trade. Simple right?
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.
How to Find the Best Binary Options Brokers
The first step to successful binary options trading is to find a reliable broker, that is secure and has a great reputation. This way you will be sure that your money is in a safe place. Find out what you have to look for when choosing a good broker. Please note that one negative aspect shouldn't be enough to drop a broker. You should collect as much information as possible about the brokers, and we will help you with this. Our website has all the necessary information that the traders need.
Regulated Binary Options Brokers: 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 but there are other regulatory agencies as well. Here are some of the regulatory agencies for binary options brokers:
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.
Not Regulated Binary Options Brokers: US Traders have no choice. None of the brokers that accept US traders, is regulated. There are however good options for US traders, like Cherrytrade which has been around for some times and has proved to be trustworthy. Take a look at all US Friendly Binary Options Brokers.
Customer Support: Often overlooked, the customer support and the dedicated account manager are important aspects to take into consideration when choosing the right broker. Trusted binary options brokers like BancDeBinary offer live chat in addition to phone and email. This means that you can contact this broker anytime with any problems. Bad casinos usually have an email address only, because they try to avoice the direct contact with the customers.
Payments, Deposit and Withdrawals: The number of deposit options is not the only thing you should look for. Most brokers have a lot of payment options, but the minimum deposit amounts usually differ. You should also look for fast withdrawals because some brokers take 7+ days to process withdrawals whereas others brokers can process these a lot faster. You should always avoid the welcome bonuses on most brokers. The restrictions and conditions for these bonuses are often so high that you will have a hard time withdrawing your winnings. If you are reading bad reviews about a trusted broker, it's usually because of these welcome bonuses. Don't accept the bonuses only if you are 100% sure about the conditions.
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.
Top Binary Options Broker
Banc De Binary has enough experience and reputation to be our #1 broker. It 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 broker you can trade stocks, indices, currencies and commodities, in addition Banc de binary has a great mobile version as well.
Payment Methods - How To Deposit and Withdraw Money
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.
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