Do your research before you sign up
You may think choosing a binary options broker to trade with is
easy – how hard can it be to just search online and choose the first one you
come across? But this is not the best way to do it. Selecting the right
online broker for you can mean the difference between your trades making money
or losing money.
Financial Assets
All brokers offer a different
set of tradable assets. Whether they be commodities (gold, cotton, wheat),
currency pairs (EUR/USD, USD/GBP, USD/JPY), indices (FTSE-100, DOW Jones) or
stocks (Apple Inc, Google Inc, BP). Making sure that the broker you choose has
the assets you want to trade in is an important factor. All brokers will
have an ‘Asset Index’ on their site where you can find this information and if
you can’t find them there be sure to check our binary options broker reviews as we have listed them so you can
quickly and easily compare between them.
Expiry Times
Most binary options brokers offer the regular 15min, 30min, 1hr,
24hr and weekly option expiry times. Some have chosen to get on board with 60
seconds trading. Depending on your experience it is probably best to stick to
around 30 min to 1hr trading and leave the 60 seconds trading to the more
advanced trader. Knowledge of the assets and financial markets you are trading
in is always beneficial.
Profits and Returns
Binary options trading can be a very profitable form of
investment and it can be even more profitable if you find a broker that offers
higher returns and payouts. Returns usually range from 60% to around 80%.
Choosing a broker with a higher return may not always be the right option.
There are many factors that make a good binary options broker, so make sure you
choose the right one for your needs.
Financial Tools
Choosing a broker who can provide you with a wide variety of
in-depth tools to help you analyse the financial markets and economic climate
is a wise choice. Following your gut can almost always lead to mistakes and
losses. Technical analysis of the markets to find patterns and scenarios is a
much better way to minimise your risk. Top brokers provide tools that include:
live stocks, commodities, indices and currency data as well as economic
calendars which can help you with your trading strategies and scheduling your
trades to maximise your returns.
Support
No matter what you do online if its buying products, using
services or trading binary options you will want to know that there are
competent, knowledgeable staff accessible when you need them. The top brokers
know that customer support should be second to none and will offer a variety of
ways to contact them including Live Chat, Phone, Skype, Call Back and Email.
Having a choice of your contact options means that you can feel comfortable
talking to someone however you want. The level of support does differ between
brokers so be sure to make this one on your checklist when deciding on your
preferred binary options broker.
Secure Deposits and Withdrawals
Security, privacy and ease of
use should be a priority when it comes to choosing a broker. You want to be
able to deposit quickly so that you can get trading straight away and not worry
about whether your details are safe. You can secure your financial details
further by signing up to an E-Wallet likeSkrill(MoneyBookers) or
PayPal and use that for most broker accounts. (Be sure to check that your
preferred brokers accept them first).
Being able to withdraw money from your account is always a
priority, so be sure to check any specific details that the brokers define like
processing and payment time frames as these can differ per payment method and
broker.
0 comments:
Post a Comment