Essential Criteria For Choosing a Binary Options Broker

Binary options trading has to be regarded as a long term project and the broker is the most important partner for both beginners and veterans traders. Nowadays we are confronted with an inflation of binary options brokers and choosing the best one can only be done after undertaking significant research. There are a couple of perks that recommend one broker over the other, and a few intangibles that make the difference between reliable and untrustworthy brokers.

Responsive trading platforms and diversified assets

One of the main reasons for why traders shifted from Forex to binary options is that the latter provide them with the opportunity of creating a diversified portfolio. The binary options broker needs to rise to the challenge and offer a broad spectrum of assets including commodities, stocks, currency pairs and indices. The best brokers offer as many as 80 underlying assets and a trading platform that makes it easy to place lucrative orders with no delay.

Speaking of which, the trading platform needs to be extremely responsive and user-friendly, so that beginners won’t waste time trying to figure out these functions. As you gain experience with binary options trading it is going to be increasingly easy to buy options but the competent broker will make it easier to start on the right foot. Traders should also be provided with multiple options of contacting the customer support, and the specialists need to respond in a prompt and courteous manner.

The opportunity to earn while you learn

Since most binary options traders are hoping to make some quick profits, they’re tempted to start trading right away without conducting proper research. This is why it is vital for the broker to provide them with the opportunity to hone their skills with demo accounts. These must have all the functions that are made available by real money accounts, so that when traders start playing for real the transition will be smooth.

The first thing that any trader looks into when considering one binary options broker is how high are the payouts for orders that end in the money. Any values revolving around 90% are regarded as excellent, but traders should contemplate the worst-case scenario and seek a high percentage in refunds. The best brokers with offer financial compensations that can go as high as 15% for less successful orders. While they make their first profits, traders should continue honing your theoretical knowledge, and it helps a lot if the broker has a comprehensive educational section that is frequently brought up to date.

Where I should start?

We recommend that you will visit Binaryoptionsthatsuck.com, Martin kay editor is very helpful and you can find 360 reviews about the trusted binary options brokers: reviews, platforms, educations, complaints, broker details and many more. Check him out and good luck.

Pointers To Help Select The Best Binary Options Broker For Your Forex Strategy

Forex trading has grown in popularity due to its ability to garner huge returns on low investment. For a small volume trader or an individual trader, access to sophisticated signal provider or expert tips may not be always possible due to the prohibitive cost involved in getting that level of service. In this context, A Forex binary option broker can play a pivotal role in helping the small trader get a fixed high yield return. The process involves trading on the binaries exchange with the major currencies in the play. However, selecting the best binary option broker can be a daunting task and the following pointers will help you in making an informed decision.

1- Level of customer service- The most important factor to consider is the depth and the quality of customer service offered by the firm. A good firm must provide a responsive customer service with features like live chat, telephone access and other such services. Additionally, customer training with the basic educational tools can go a long way in helping you kick start the process. Getting access to a free trial or a test run, along with support available in multiple languages is a good feature to keep in mind.

2- Set-up- It is important to choose a firm that operates very professionally and caters to both professional traders as well as amateurs. The technology needs to be updated with an intuitive interface as well as enhanced features available at one click. This helps in making the end user experience simple and hassle free, while helping a newbie to get comfortable faster. Having a real time capable web based dashboard, helps in the investor making a reference check on the status as the day goes by. You may want to check on availability of trading or checking in as you move via your mobile or tablet. The seamless integration in this highly digital lifestyle that we lead is imperative.

3- Security- As the world grows more dependent on the digital way of transacting, there is an increased c chance of a cyber attack by hackers who can steal confidential and financial information resulting in a huge loss. It is important for the broker to create a secure trading environment for his customer. Having updated protection software with the timely reviews on the threat parameters is required.

4- Ethical practice- A customer can only gain and have a good experience if the binary broker is honest and transparent about what is going on with the investment and his policies. The firm must provide timely performance updates as well as maintain confidentiality of the client completely. Having the required license and other updated paper work essential to carry on this broking service is a must.

Comparing Binary Options Brokers Review: OptionFair Vs Banc De Binary

Once a trader has decided to participate in the binary options market, the next big decision will be which broker they will want to use for making trades. The available features can vary greatly from broker to broker so it is very important for a trader to do at least a small amount of research to determine which broker will be the best fit for their particular needs. OptionFair and Banc de Binary are two reputable brokers which are excellent choices for novice and experienced trader alike. But even these two brokers have some key differences. The most important thing to remember is to choose a broker which has the most desirable features for your particular trading style.

OptionFair is one of the newest binary options brokers providing a trading platform. They were established earlier this year and their headquarters is located in the British Virgin Islands. One of the reasons people choose to invest in binary options is the quick profits which are available to savvy traders. OptionFair sits on the highend of payout percentages with a range of 70 to 81 percent.

This broker offers three different platforms for traders to work from: high/low, boundary and one touch options. The broker has only two asset classes of binary options available for traders and these are stocks or currencies. However, between just these two asset classes they have 64 underlying assets to trade. This is a good number of assets as there are many brokers who do not offer this many to choose from even though they may carry underlying assets in more categories.

The OptionFair platform is one of the easiest to navigate and make trades and transactions from. The ease of use and number of assets makes it one of the better binary options brokers for the novice trader to learn how trading works. They have two unique features that are not found on every broker’s site. For one thing they offer 12 separate languages for traders to use to make their trades. This is one indication that they are ahead of the global demand and market and headed for great success. The other unique feature is their trading simulator. This is similar to a demo account which is set up solely to help new traders learn how to trade. Payouts are always made every 30 days and they have an outstanding customer service department.

Banc de Binary is a well established binary options broker which has its headquarters in New York. This particular broker has a large global network as they operate in Asia, Europe and the Middle East. The broker offers all four of the trading instrument types: stocks, currencies, indices and commodities. Across these instruments they offer nearly 40 underlying assets on the global market. This broker offers an average payout of 81% and the minimum deposit is set at $100.

This experienced broker offers three binary options types: One Touch, High/Low and Option Builder. They offer high returns and a full package loaded with various options and assets to be traded. The unique feature of the broker is their new META trading platform. This newly designed platform allows specialized analytics to traders as well as advanced charting capabilities.

While the options trading platform can be used by both novice and experienced traders, it is likely the design is more favorable for the expert trader. It has a few features that the novice trader could possibly find confusing. However, after gaining some valuable experience on a binary options market like OptionFair the novice trader will most likely not have any difficulties.

These are two of the more reputable binary options brokers that can be used by traders. Each of these have some unique features that sets them above the rest. Each of these will offer the novice and advanced trader a very pleasant trading experience.