The point that binary options are becoming more and more attractive in traders’ eyes leads to the point that a lot of binary options brokers are appearing with each and every day. All this means that it would be much harder for a trader to choose the one that is respected, trusted and of course regulated and controlled by different authorities. The main criteria an investor should pay attention to when selecting a brokerage company are the following: availability of licenses, trading conditions, payouts, types of options, payments and withdrawals, bonuses, feedbacks etc.
Another factor why it is not so easy to opt for a good broker is that because of its big quantity, lots of traders (especially beginning ones) get into the hands of binary options scams. The majority of inexperienced novice traders “buy” such things as 200% welcome bonus, more than a hundred risk-free trades etc and don’t even realize that they are already in a trap since when it comes to practice, they cannot offer anything at all.
Meanwhile there exist pretty large foreign exchange companies that also offer their financial services to people worldwide. Yet, these particular services are of such a low quality that binary options top brokers have nothing else to do but to laugh at them. Therefore, in order to find a broker that would be suitable for you, don’t be afraid to spend some time searching for an information, reviews, traders’ feedbacks and comments because in the end you will definitely find a company that is worth dealing and working with.
Scam is a Shame!
As it was mentioned above, binary options market is full of brokers that vary according to the level of services, offered conditions, variety of options types and many other things. Every day all these brokers compete to be the number one. Yet the only leader that is really worth mentioning is 24Option – a broker with many years of experience, extremely high quality support and technical services etc. The company has an excellent SpotOption platform that has greatly changed especially for 24Option.
Choose the Best
It wouldn’t be fair to make an emphasis on only one brokerage firm and therefore, here is a table of brokers that are definitely worth paying attention to as all of them are well-known worldwide, trusted, respected by professional investors and of course regulated and reliable. Comparing all of them, you will be capable of making a decision and start your career in this industry which will 100 per cent be successful due to you and the broker.
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The main task of this short yet effective guide is to find out as much as it is only possible about each known binary options firm. During this research, all the aspects, features and functions offered by the broker are taken into account and later checked in a theoretical and practical way. These aspects include the following: comfort of the software, availability of licenses, regulations, minimum and maximum investments, payouts, customer and technical support, types of account and options, minimum and maximum deposit, withdrawals etc. In the list above, you have already read and hopefully analyzed the most superior brokers and perhaps even made a final choice. NOTE*** Do never involve yourself with any sort of scam. Always avoid it. Even if you are not sure about some information or have found out that the broker you have selected is a scam list, then stop cooperating with it at this same moment!
One more fact that should be mentioned and that will be especially interesting for the US residents is the point that the US market is full of scam and consequently, US traders can hardly find a good broker.
Another not very pleasant fact for US citizens is that very few brokers welcome American investors. Even the brokers that are highly recommended and have a CySEC license DO NOT work with the US clients. All American traders are left with are unregulated binary options companies. Knowing that the company is not regulated by any authorities, traders should understand that it is very risky to have any kind of business with them as it automatically means that you will never see your money again.