These days binary option trading has become a large and lucrative industry. The trading of binary options and the provision of binary option signals to clients and investors worldwide has created a highly competitive market amongst binary option brokers and signal providers. As much of binary option trading and signalling happens online over the internet it’s often not regulated which lends the industry to lots of fraud and scams. For this reason it is essential to know which binary option brokering and signal providing companies to utilise and which to avoid.
Banc de Binary Broker the Binary option brokerage under review in this article seems to be a legitimate binary option brokerage company that provides a number of different advantageous services to its users, clients or investors.
Firstly, Banc de Binary allows the trading of FOREX in most of the major world currencies which allows for a lot of diversity and in turn choice of FOREX trading options. These currencies include British Pounds, Euros and American Dollars. So Banc de Binary allows FOREX trading in all major FOREX currency which is a major advantage of doing business with Banc de Binary.
Secondly, Banc de Binary Broker allows its users, customers a diverse range of depositing methods. With Banc de Binary one can choose to deposit their money by using their credit cards, Moneybookers, wire transfers or PayPal. This diverse range of depositing methods makes business with Banc de Binary Broker a lot easier and more convenient for customers, clients or investors or potential customers, clients or investors.
Thirdly and in addition to the second major pro of Banc de Binary Broker, Banc de Binary Broker offers its users a very wide variety or a large choice of methods to reduce its funds. Customers, clients or investors can withdraw their funds by using nearly all types of credit cards wire transfer or Moneybookers.
Fourthly, Banc de Binary Broker provides its users with very good customer support with professionalism being the underlying quality in this regard. Their platform is also easy to navigate making business with the brokerage even more convenient and easier.
Lastly, but defiantly not least a major advantage of doing business with Banc de Binary Brokers is that the brokerage offers users or potential users a fully featured demo account to start trading binary options with which requires no initial investment whilst traders are getting used to the package, its features and how to maximise profit using the companies software and binary option signals.
So to conclude, the binary option trading market has become a thriving, lucrative and highly competitive industry in recent years. One must watch out for any scams or schemes when undertaking such binary option trading as much of the trading and signalling is done over the internet or emailed and it is often not regulated. Finding a company or brokerage that is well known, reputed, has a good track record, regulated and provides a lot of effective, convenient and useful tools to help maximise investment profit is thus essential. In this light Banc de Binary Brokerage in light of this article and the research done does seem to be a good company to do business with because of its many features and diverse payment and withdrawal methods as well as its inclusion of a demo account basically.
Trading with binary options can be a very profitable and very exciting experience, if done right, but it can also be very dangerous and have some undesired consequences if wrong broker house is selected. Since trading in this method is very similar to gambling and sports betting, a lot of people have fears and concerns about safety and security, and therefore they cannot relax and enjoy the thrill of trading in binary options. A lot of companies out there are providing this type of services but not all of them are good at what they do, nor do they all present reliable and trustworthy enterprises.
People can have difficulties when trying to establish reliability of a certain broker, and sometimes is can be quite hard to see if some of those broker houses are in fact scams. The best way to be sure is to read as much as possible about the company and also to check as many fact as customers can get their hands on. Information is the key in this process, and if clients have sufficient information then they can make the appropriate decision and sign with the adequate broker.
Those “adequate brokers” are nowadays mostly restricted to several very respectable and renowned companies which belong to the very top in this business and they are often referred to as the best binary options brokers. These companies include names like “Banc de Binary”, “24Option”, “Porter Finance” or “StockPair” and clients who sign up to their services are seldom having any problems and almost all of them are satisfied and happy.
Upon selecting one of these broker houses as their desired destination, new customers will probably be taken on a short tour to explore the features of the website and see everything that is available with the broker in question. This most often includes educational center where new traders can learn a lot about trading in binary options, types of assets that are supported and trading signals which are usually provided for free once you register your account. Account is a personal profile and they can be described as folders where all customer’s preferences are saved and they also serve as “places” where funds and investments are stored. They can be activated by deposits and most of those best binary options brokers will accepts minimum deposits of around $200-250 to start the “lowest” type of accounts. Also, most of them provide clients with a demo period or a free trial, which can be very beneficial and can be used to further increase the knowledge about the company without spending any money.
If the new users are happy with what they see, then they can start trading. Most of the best binary option brokers have more than 200 assets on offer, and with the help of trading signals which are usually incorporated into the website they can find suitable trading opportunities and hopefully invest their funds in the best possible way. This will make them satisfied, but it would also mean that they will come back to do some more trading and this is also good news for the broker, so in fact – everybody wins!
Although a lot of people still have doubts and concerns about safety and regularity of companies which deal with binary options, it is evident that the popularity of these broker houses is rising and that more and more people are being involved in this type of trading. One of the most famous companies of this type is “24Option” broker, and this enterprise is a clear example of how trading can be safe and protected and in the same time enjoyable and exciting.
The world of numbers and charts may seem boring to most people, but all of those who have harvested profits with investments through this broker house will confirm that the buzz and the joy that overwhelms you when a predictions ends up correct are more than exciting and should be experienced by everyone!
The reasons behind the success of this enterprise are multiple and they can generally be attributed to few basic elements: security, reliability and performances. When it comes to security and safety, this company has one of the safest platforms on the market and traders can be completely free of concerns about the protection of their funds or personal information. 24Option broker would not be present on the market for so many years if it was a scam, and licenses from many regulatory bodies confirm that. One of the most important of those offices is a well-known company from Cyprus, called CySEC, or Cyprus Securities Exchange Commission, and they have issued their license to “24Option” in 2013. This license is a strong guarantee about the nature of this company and proves to all skeptics and doubters out there that brokers from this house offer completely legitimate services.
Performances of the official website of “24Option” and the mobile apps that are created for Android and iOS devices are probably among the top three in the market, if not the best of all. Due to the great platform provided by TechFinancials, “24Option” offers fast and efficient trading through a super-friendly interface which is very easy to use and can be additionally customized. Binary trading signals are also incorporated into the website and they greatly help those traders who are not sure which opportunities are currently present on the market. They come with a reliability meter, so even clients who do not have so much experience and knowledge can be successful and increase their profits with “24Option” broker.
Creating accounts and depositing money with this company is very simple and fast, and can be done in just a couple of steps. As mentioned above, security is on the highest level, and all major currencies and types of money transfer are supported. Trading process itself is also very efficient and there are over 200 assets offered by this broker house. Clients can choose between different methods of bidding and different time frames, and usual success rate is around 70-80%. And, if ever any problem comes up with the performances of the website or users just have some questions there is a super-efficient and very pleasant customer support team who will give answers in the shortest amount of time.
Trading binary options has become a very widespread and popular method of trade in the last couple of years. The trading method itself has been around for over 30 years, but it was officially recognized not even ten years ago. Since then, the number of online brokers and traders has grown significantly. Also, many facilitating solutions have been created for the traders, such as binary signals and binary bots for automated trading.
Also, most of the brokers have created a mobile platform as well, in order to follow the technological development and current trends. Mobile platform are available for Android and iOS by all brokers that provide mobile trading, and some of them also offer a platform for Windows Phone or Blackberry.
There are both good and bad sides of using mobile platform for trading. On the plus side, there is, of course, mobility. Since you can carry your mobile phone with you wherever you go, if you install mobile trading platform, you will be able to trade anytime, anywhere. This enables you to be flexible, both with the time and the place for your trading. All you need is a place with Wi-Fi signal, or a decent mobile internet connection. You can use the trading account you already have, since every broker you choose will have a mobile platform for you to download, all you need to do is link the existing account with the mobile platform. If you use a demo account, you can also use it on your mobile device, and instead of playing time-wasting games, you can practice binary trading and develop your strategy.
On the minus side, the first thing to mention is a possibility of disconnection. It can always happen that Wi-Fi or mobile connection breaks (for example in an elevator or a tunnel) – which can be very frustrating. Not only that it is annoying, but if it happens in a critical situation, it can leave you without the money you invested in a particular trade. Also, another thing that can affect the outcome of your trade is the slow execution, which can occur on some mobile trading platforms, depending on the broker. Some brokers also charge additional costs for using their mobile platform, so make sure to read the terms and conditions before deciding to install the platform.
No matter the mobile device you own, you are most likely to be able to download a trading app for your phone. You can choose to download a trading application through iTunes or Google Play (depending on whether you use an iPhone or an Android phone), and some brokers, such as 24Option, offer a reliable web-app which works through the phone’s browser.
In order to avoid slow or badly designed platforms, do yourself a favor and read any reliable review you can find online, as well as other users’ comments on the broker and the platform. One of the brokers with the most comprehensive and fast-responsive mobile platforms is 24Option, so if you are eager to trade via mobile, their platform is probably the best choice.
There are undoubtedly many traders who trade binary options, either as an additional source of income or even instead of a full-time job. On the other hand, there are plenty of people who judge binary options trading, considering it to be only another way of gambling meant for those who are not serious traders. No matter the difference in opinions, the fact is that both groups of people can be right about binary options, depending on the behavior of the traders.
There are, indeed, those who trade binary options and make it look like gambling. They are usually those who think of the binary options as being an opportunity for easy money, and approach to every trade without previous knowledge and market analysis. Their characteristic is also that they make trading decisions based on emotions and intuition, which truly does resemble gambling more than actual trading. With those who take themselves and binary options seriously, there is a serious education, preparation and planning before executing the trades. These traders are serious in their trading intentions, and they leave emotions on the side, relying purely on the market conditions and fluctuations in price.
But even for the most cold-headed and professional traders sometimes find it difficult to cope with emotions when making a decision. Many factors can influence this – a tough day at work, stress at home or several trades that went unexpectedly bad. No matter the reason of emotional involvement, it can hinder the trade and leave the trader with unplanned and unpredicted loss. The solution for unwanted emotional involvement comes with semi-automated or fully automated trading, with help of binary signals or binary option robot.
Binary signals are not only useful for removing emotional decision making from the traders, but they can also save a lot of time you would spend on market analysis, reading the news and drawing conclusions from the charts. If you are a beginner in binary trading, these can help you predict the outcome without doing the market analysis, if you still do not know how to do it. Binary signals are created either by software or by human experts, and they serve for the purpose of giving suggestions to the traders on whether to call or put a certain option, and it is up to the trader what he will do.
Binary options robots are a step further from binary signals, even though they operate based on the signals provided by software. The robot can be connected with the account with binary broker, and based on the signals it receives and the parameters given by the trader – it can execute the trades on the trader’s behalf. This is the ultimate solution against emotional involvement, since the only thing required from the trader is to set the parameters, such as the assets to trade, the maximum amount of loss, the trading amount etc.
However, you should be careful when using a binary options robot, because no robot is more than 80% accurate, some of them are not even 50% accurate when making predictions. Make sure to supervise the trading just in case, and use the robots only when you need a rest and when you feel that you cannot judge straight.
Trading binary options, despite being a relatively new method of trade, is constantly growing in popularity. There are many successful forex and stock traders who have started trading binary options and many skillful and educated binary traders who know a lot about the market and trading strategies. However, there are a rising number of those who have no previous experience in trading of any kind, but who want to make binary options trading as an additional or even only source of income. Since there may be many of those who have never experienced any kind of trading before, and who do not even know much about economy, market, trading and the like, it is important to follow several important guidelines before entering the world of binary trading.
- Set goals – before you even begin trading binary options, it is important to think of the specific goals you want to achieve. Write down how much money you are willing to invest daily, how much you are ready to lose, how much you want to earn in how long period of time. After this, try creating a strategy for achieving these goals, and once you start trading, keep monitoring the progress you are making towards your goals.
- Do your homework – before signing up with a broker, make sure to investigate as much as possible about which brokers are reliable, and which are nothing but scam. There is, unfortunately, a lot of scam present in the world of binary trading, so read the reviews about the brokers and pay attention to the other users’ comments. Choosing a reliable broker, like Porter Finance, 24Option, TropicalTrade etc. is the key steps to safe trading.
- Learn a lot and learn constantly – one of the things that separate binary trading from gambling is knowledge. Therefore, being educated, well informed and aware of the situations on the market will give you a huge advantage in trading over those who rely purely on luck and intuition.
- Practice – many binary brokers offer a demo account for their potential traders. Most of them require you to create an account and place the first deposit before using a demo, but there are also some that offer such account without the deposit over a limited period of time. Make sure to use this perk, because on demo accounts, you trade with fictional money and there is no real money involved. You will not win anything, but you also have nothing to lose, so this is a great opportunity to practice your skills, develop a strategy and get to know the trading platform.
- Do not expect “easy money” – take yourself seriously, as well as binary trading. Be aware of the fact that binary options are not a method of getting rich fast, but just a trading method like any other, where you need to invest a lot of effort, time and money in order to start earning. There is no big money in short time no matter what you do, and the case is the same with binary options.