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Binary Options Training How To Guide: The Basics
Binary options trading allows you to have an opportunity to make money by placing a trade on whether an asset goes up or down within a certain time frame. One of the unique characteristics of trading binary options is that you know your risk reward before entering the trade; this way you know exactly what you stand to win or lose.
Binary options allow you to express your view on an underlying commodity, currency or share by the act of trading. Broadly speaking, trading can be a very productive profession that allows you the flexibility to have complete control over your schedule and lifestyle. Knowing how to trade binary options profitably allows you to work from home, or anywhere you wish, with little more than a laptop and a stable internet connection.
Time is different to a professional trader. Trading binary options can be a source of huge wealth creation, once you have a disciplined approach and you understand how to trade binary options. However, binary trading is not for everyone, because your potential income stream isn’t as stable as earning a salary. The truth is that most beginners to binary options leave the market bitter and empty handed.
In order to help our readers avoid these situations, we have gathered important guidelines into our binary options training guide below to clarify binary options for beginners and to increase your chances of success.
How To Make Money With Binary Options Trading : Invest, Don’t Gamble!
First of all, do not put your life savings on the line! While trading provides an avenue for wealth creation, it can also result in bankruptcy, and ruin your life. It is always important to start small because you will limit your potential losses while you gain familiarity with the binary options trading platform, and further discover a strategy that suits you. If you manage to double your money, then start over with your original amount as opposed to continuing to increase your trade amounts.
Though this might help you to gain knowledge of the practical and technical side of trading, the real key to success is strong psychology. This refers to how well you remain disciplined when you’re making or losing real money. One of the traps that people frequently fall into is that they want to make money as quick as possible. If you are trading to desperately make some money, then you should not be trading.
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Good choice for experienced traders!
Event Trading Profitably
Event trading is one of the steps that should be taken when starting out. The statements of a chairman at a central bank can affect currency while they are speaking at a function for instance. FRO (fixed return option) is quantified as risk-return reward. Therefore it is important to denote the amount invested and denote the rate of the return but if you are wrong, you might lose your entire investment. Furthermore It’s not wise to invest blindly and the best way to approach binary trading is with tested expectations. It’s good to know that the probably of being correct is equal to the probably of being wrong.
If you trade right and you win, you get a percentage; but if you’re wrong. you lose the entire investment. and this is all based on a timetable. The price of a commodity is applied at a specific time, hence prior knowledge of the market definitely helps to accomplish better trades. The lower your rate of return, the higher your confidence level will be and the more accurate your predictions. You need to be sure that you are right just to break even.
Do not get wrapped up in the “I made a billion dollars in an hour” line. The prospect of easy money clouds the average persons’ judgment. To avoid losing money and having a bad experience, it is necessary to research and practice as this will make you a quality trader. Many traders will be dealing with overseas brokers but most companies are not regulated in the U.S.
Classical trading has a higher cost of business and not everyone has access to those markets. Binary options is truly a simple way for people to get involved in these markets. Beginners should do their homework before diving into trading. If persistence is maintained and beginners apply knowledge of the markets instead of luck, they can reap the benefits. Remember that the binary options system responds in real-time, so if you make the right decisions you can be “in for the money.”
Analyze Economic Data
In an economic downturn, the average way to trade does not always work. If a company like Apple experiences a rise in shares, and you know, you will be able to apply that knowledge to trading. Once given a current value we can estimate whether the value will go up or down because recent market events affect binary options. The fundamental indicators to use are USD/EUR, retail sales, unemployment, and home sales but note that these indicators are for the US. Market and is referred to as economic data.
Any information that you can use to better predict a trend is a smart move. It can be very difficult to trade without proper knowledge of the industry that you are trading in. With the right economic data from a credible source, you can experience a huge difference. When trading during a specific time, you should have a solid source of info. Whether a news broadcaster or a phone app. Keep in mind that a trend can change at any minute.
Strategize to Trade Binary Options Successfully
One great strategy to use is to increase your bid every time you get it wrong, but be sure to apply this to all the bids in the same category. It’s good to hit up 56%t on binary trades just to break even. The USD/EUR values are very popular because of its unpredictability. A great strategy for beginners is to stick to one chart.
Volatility is great for trading as it provides an opportunity when a commodity continual slides up or down. This strategy must be implemented not just for winning but for covering losses as well. When sticking to a well-planned strategy, breaking even is the worst case scenario.
Experience in Trading Binary
When the rate of return is high your probably of being wrong increases. If you have little to no experience in this area, your risk will outweigh your rewards. Each asset has a current value right before you make a bid or trade so don’t think that each trade is different from the other. Learn from your mistakes; each trade can help you to get better at the next. Another important pointer is that no commodity or stock can rise or fall forever.
Many people will post negative reviews about their bad experiences. As I stated earlier, you will not get rich overnight. You have to invest time in the binary options world in order to develop the right habits. If you focus, you can reach the level where you make hundreds of dollars an hour. Do not get discouraged if things don’t go your way at first. Our training guide is a reference point for you to better your trading skills. This is why binary options demos are very important. Once you have an understanding of the charts and know how to binary trade, you can begin make bids with your deposit with confidence.
Choose Your Binary Options Broker / Trading Platform
A trading platform is a must in order for you to trade. You should ensure that you are using a platform that is easy to navigate. Remember that risks are involved but the losses should never exceed your deposits. A popular trading agency that can be used is NADEx and they are the only agency that is regulated by the CFTC and rated in the United States. On the other side of the spectrum, Forex Exchange is one of the most popular commodities in binary options. It is important that you search for the top platforms that are available before you begin trading.
Make Realistic Profit Expectations
An important factor to note is that the higher the payout, the better it is for your pocket. A low deposit does not necessarily mean you are better off. The payouts for each platform is structured in a percentage format. Some are 70 to 80 percent of payouts which is just about average. At this point you should gain some profits and become comfortable. The average trader isn’t successful until they hit 5000 trades and you should always know exactly what you are getting into!
Trade With An Comfortable Level of Risk
Once more risks are involved, working with a professional broker in the beginning could never be a bad idea. Through a free demo account, you can make real life trades with dummy money but ensure that you always read the fine print. Binary options is one of the riskiest markets out there so it’s a good idea to deal with local platforms that are registered in your home country. Most platforms require you to make a certain amount of trades before funds are released. Another hint is to not get into the market trying to become rich quickly as this is a recipe for disaster.
Stick to Your Trading Budget
As a beginner, you should trade small amounts of money in the initial stage. Stick with the minimum trade value until you feel confident enough to raise the bar. Trade within longer time frames, because it is difficult to predict the market with a shorter time span. If you have no experience in trading, only risk a couple hundred dollars instead of thousands. There are brokers with a hundred-dollar minimum too. Once more, ensure that you do your research as getting familiar with the charts will help you identify the market trends.
It’s not uncommon for beginners who engage in binary options to stumble on the common pitfalls of the industry. This makes it very important to pay attention at every stage. Most brokers will try to get you to deposit an excess of amount of money. The reality though, is that you can trade for a couple hundred dollars. The goal here is to help you become a successful binary options trader and not to deposit your life savings. Diving into the furnace with a lot of your hard earned money is not a great idea at all. You have to go through the growing pains in order to properly understand trading. When you do get a hand at it, then your confidence level will rise. Once you have the know-how and confidence, it will show on your bank statement. The lesson being taught here is that slow and steady wins the race.
Have the Right Attitude
Patience is absolutely supreme as it will take time for you to become successful. Learning to read the charts is also very important and understanding all the various indicators and signals that are at your disposal. There is plenty of software available to help you accomplish this, and lots of informational binary options youtube videos available for free online.
The educational aspect of binary options is more than just learning the definition of the words as this does not make you a trader; gaining adequate experience is vital. A balance of experience and constant education will determine your level of success. Following current events can change your entire game plan as well, likewise rushing into trading can turn out very badly, so ensure that you take your time!
Know When to Look for Help
The community is more helpful than you would think. A common factor that beginners who lose money have in common is that they trade alone. It’s good to surround yourselves with people who have a common goal. Ask around before taking bonus offer, as this will lock your money with a platform and ensure that the company you are trading with is not blacklisted on the World Wide Web.
Trading two positions at once can get you lost, hence focusing on one position is important. You need to focus on two assets at most but preferably one. With different assets, you can use different strategies. Your predictions should take into account the assets that will hit your target a few times. Look for free options to get information and signals while using your free trials so that you can test signal providers.
Understanding trends are crucial to your assets and these trends should become valuable in focusing on your specific niche when trading.
State of Mind
Success in any field, particularly one as fast moving as financial markets, require a lot of confidence and a strong mentality. Your state of mind is the key to your long-term success. If and when you finally feel ready to take on the markets, there should be no doubt that you have what it takes to achieve success. If you decide that you have what it takes, it is equally important that you stay grounded as early success can cloud your judgment and give you a false perception that making money is very easy. It’s not uncommon for the greed bug to bite, once a beginner becomes over confident. But bear in mind that your winnings can disappear very quickly. The objective is to grow and learn over the long-term, as some days will certainly be less prosperous than others.
Binary options trading provides a great opportunity to make real money and possibly leave the traditional workplace behind. Most people only dream of having the flexibility of working from home, while others believe only the rich guys on Wall Street can become successful traders. In reality there are countless individuals across the world with diverse backgrounds and experiences, who are benefiting from binary options trading. All you need is some pointers and common sense. The sky is the limit for those who are willing to put in the time and effort to get there.
Keep referring to this guide in order to stay on the right track. The guidance provided for beginners here will increase your chances of success and help you on your way to become a competent trader. Numerous pitfalls wait for those who rush into trading without doing their research. You must accept the reality that binary options trading is a volatile activity; there will always be ups and downs but do not let that discourage you. Everyone is a beginner at one point or another but once you become a professional trader, don’t ever forget that you were once a newbie. Best of luck and happy trading!
Want to learn strategies in trading stocks? John Thomas can help you with that. He is a veteran trader with decades of experience you can benefit from. Look over his shoulder as he trades, learn his techniques and profit from his insights.
Hello, anyone who is serious about making money from binary/forex trading or recovering losses should contact me via [email protected] I have amazing strategies and I am willing to share all that with you and with prove of winnings.I have lost a huge sum of money but now I’m a guru.With my one on one master class system you would hardly lose a trade. I’m giving this strategy free of charge.I can assuredly guarantee you a 95% win rate.
Binary option is something have come to understand that it only takes those that have been into the trade for very long time to know the secret behind the trade, have also found out that brokers and they account manager don’t disclose how they make their money they prefer you lose and they keep gaining. If you find it difficult to withdraw your winning or you have lost big money from greedy brokers who are not licenced I can help you with my method to recover all that you have lost. And also if you are new in binary feel free to contact me on (email)….
Binary option is something have come to understand that it only takes those that have been into the trade for very long time to know the secret behind the trade, have also found out that brokers and they account manager don’t disclose how they make their money they prefer you lose and they keep gaining. If you find it difficult to withdraw your winning or you have lost big money from greedy brokers who are not licenced I can help you with my method to recover all that you have lost. And also if you are new in binary feel free to contact me on (email)
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Binary Options India – Beginners Guide to Options Trading in 2020
Over the last 5 years, Binary Options have only grown more and more as a popular form of investment in the whole world, including India. Due to the fact that it is an easier form of online trading to get into and because you often need less capital or qualifications compared to Forex trading for example, many beginners have made their way from beginner to expert traders.
Binary options trading is however a typical “easy to learn, hard to master” kind of thing, so if you are new to this world, we suggest that you do these three things:
- Go through this article and discover the basics of options trading.
- Then head over to the Tutorial section where we explain the basic concept on how you can be a profitable trader in the long run.
- Once you have the basics, check out our free Trading Academy where we show you some very successful “over the shoulder” strategies that we still use to make profits – and that you can start copying immediately, too.
Are you ready? So let’s get started.
Do you know already how options trading works and are you just looking for the best broker? Click here and read our review about our #1 broker choice.
What Are Binary Options?
Binary options are by far one of the simplest forms of online investment, a way of betting on the outcome of an event of an asset. You stake an investment on your prediction on whether the price of an asset will go up or down within a certain time period.
If an investor is successful with his prediction, he receives a fixed profit return between 80-100%.
Here is a quick video explanation:
The assets traded are generally the same as the traditional stock market, the only difference is that Binary Options Traders do not actually buy and sell shares. They invest only in the perspective valuation or devaluation of an asset – so basically, if the price of the asset will go up or down.
If the outcome of the asset is different than predicted, the investor loses the amount invested. Investing in Binary Options without an investment strategy is foolish. This is important to remember that because of how easy and simple it is to invest, it can easily become a form of gambling.
This is why we have created this guide and this is why we suggest you to go through our tutorial and the free Trading Academy before you invest any money so we can help you to become a smart trader, not a risky gambler who just randomly place bets.
Let’s see a trading example
Let us look at a simple Binary Options Trade, step by step so you can understand what we are talking about here.
Example: (Made up numbers)
- You have been watching the market and decided that you want to make a trade. You have decided to make a prediction on the price of Gold.
- Currently, the Gold index is trading at $1000. After using your analytical tools and education (which you will gain in our academy), you have predicted that in the next 1 hour, Gold will be trading at a value higher than $1000.
- You then invest $100 in a “Call option”, which is basically a bet that expects a higher price than the current $1000.
- After locking in your Call option you then wait 1 hour.
If after that 1 hour, Gold is trading at anything above $1000, you will earn up to 80-100%, depending on the broker, of your investment back on top of your original investment. So basically, in case of a successful trade, you almost doubled your money.
If you were wrong however, you lose your investment. Now we hope that you see already why binary options trading is often called a “high risk, high profit” investment and it is true.
However we want to stress out again that a smart trader follows specific strategies and rules and not just blindly place bets which enables them eventually to be profitable in the long run.
A few things to note:
- Brokers usually offer expiration periods that range from minutes all the way up to months.
- The profit value depends on your broker, average payouts are 80-90% depending on your broker and your account level with them. In rare cases, you can get even 100% profit rate on your investment.
- Remember the amount that the index increases by is irrelevant as you do not own the stock, you are simply betting on the outcome.
So even if the price of Gold went up just by $1, you still get your 80-100% profit.
I hope you guys have learned how simple it is to make your first trade.
Did you know? Most trustworthy brokers are offering a free, unlimited demo account, so you can try online trading in just 2 minutes, without any risk.
Are Binary Options Safe?
Binary options are a form of legal investment, with millions of investors and strictly regulated broker firms operating across the globe.
So from a legal perspective, if you choose a popular, internationally regulated broker– which you can find under our “Broker” section – your money should be safe.
Due to the simplicity of it however, it is very important that investors use tools and analysis, along with a strong education to make their predictions.
The industry gets a bad name because so many beginner traders are simply betting their investment money away, with no education at all. Then they go on to moan about how options trading is a scam.
Binary options trading is an amazing opportunity to make good profit and income. However, it takes time and patience to educate yourself, this is not a get rich quick scheme! You may lose money with some trades and it may take several weeks to get to a position you are earning good money – and you have to accept this fact.
Do not get disheartened by losses, as long as you are learning and applying a strategy, you will learn from every mistake and if you are using a good strategy, the wins quickly outweigh the losses.
Fraudulent Brokers and Scams: Signals, Robots, Autotrading
Another reason the Binary Options trading market gets a bad name is due to the large amount of fraudulent brokers and scam tools like most robots and signal services. Check our full list of binary option scams here.
If you are a beginner or even an advanced-expert trader, we highly suggest you to choose regulated brokers only and stay away from one-click tools that offer easy money overnight.
We have simplified your choice by testing most of the available brokers out there, so check out our “Brokers” menu for our top suggestions. If you chose one of these brokers, we can almost guarantee that you will get amazing customer service, great trading experience and last but not least: investment protection up to €20.000 in most cases.
Binary Options Trading In India
India has gone through massive economic growth in previous years, because of this binary options trading has grown exponentially in popularity. Many residents see online trading as a great way to earn an income part-time, with many even quitting their jobs to trade full time. With advancements in smartphones and brokers bringing platforms to the population of growing smartphone users, this kind of trading becoming more and more accessible.
Indian assets are becoming more available across a wide range of brokers, so we believe that the online trading industry has entered India, and it is here to stay.
Here are a few quick guides to some of the unique factors you need to look at as an Indian trader.
Regulation and Licensing – Is binary options trading allowed/legal in India?
The legality of Binary Options Trading in India is complex and is debated often, but let us be clear here: It is not illegal in India to trade on the Binary Options market.
The reason there is so much confusion and hearsay around the topic is the fact that it isn’t regulated in India just yet by the Reserve Bank of India. The difference between the brokers who are regulated and the brokers who are not regulated is vast.
For now, it seems the best option for Indians to trade online is to choose an offshore broker with strong a regulation accreditation. Look for regulations such as FinaCom (International Financial Commission), or if you are looking at European brokers, look for CySEC, FCA or MiFID licensing.
All of these accreditation means that you are protected up to 20,000 euros per trade if the broker does something unlawful.
Customer Support and Hindi language
We will go into much more detail later in this guide about customer support in general. As an Indian trader, not only do you need to make sure that the customer support of your broker is excellent, you also need to make sure that you will not face a language barrier problem during exchanges.
The perfect broker for you will not only offer excellent customer support, they will also be able to converse quickly and efficiently in your native language. Obviously, every trading broker speaks English, but fortunately, Hindi language within the customer support is getting more and more popular among leading brokers.
Taxation in India – do you have to pay income tax after trading?
Generally, any income from trading will be considered a non-speculative business income in India, so yes, you have to pay taxes after your binary option profits.
If you are earning and making profits from trading, then you are expected to follow the tax rules of your country and declare it. Declaration is your decision, but we highly recommend following your government’s procedures to avoid any future issues, especially when you become a very profitable trader who is making a nice income.
Your profits will be added to your yearly income, and depending on your tax bracket, you will pay tax accordingly.
You can, however, claim this as business income, so you are allowed to offset it against any expenses your business incurs. You can offset against advisers, the cost of software, internet bills, etc. You can also offset non-speculative losses against your non-salary income.
Important Terminology in Options Trading
If you have ever watched films, or seen an actual market floor, you may have gotten overwhelmed by the terminology and jargon flying around. We are aiming to simplify that, that way you enter the world of investment confidently.
To start basic trading, you don’t really need to know what each of the below words mean, but if you want to understand strategies and use tools (which we highly recommend), it is important to your long term goals that you know what all this terminology means, even if it’s difficult to understand what they exactly cover.
But do not worry, over time, this terminology will become part of your everyday vocabulary.
- Asset – this is the underlying stock, commodity, currency pair or index, on which the trading activity is based
- Expiration time – the date and time when the option is about to expire. This is the time when you your option is closed and you either made a profit or not.
- High or Call option: by choosing a Call option, you speculate that the asset’s price will rise.
- Low or Put option: by choosing a Put option, you speculate that the asset’s price will fall.
- In-the-money – this term is used in order to describe the situation when you have predicted the movement of the asset price correctly and the binary option is profitable.
- Out-of-the-money – this term describes the situation when you have wrongfully predicted the asset’s price movement, rendering the binary option a loser.
What are the available option types?
Now we have glossed over the basics, let us look into Binary Options in more detail.
The term “Binary” is used because there are only two results, either the price will go up or the price will go down. You win or lose based on these results.
There are several varieties of Binary Options.
Put or Call options
The simplest binary option form is called the Put or Call option.
The PUT option is a prediction that the price of the given asset will DECLINE over the period stated.
The CALL option is a prediction that the price of the given asset will RISE over the period stated.
These are the simplest form of binary options, and for the first stage of your trader career, we suggest sticking to these options.
When you advance to a better level of knowledge and experience wise you can experiment with different types, such as the following:
There are two types of touch options.
The one-touch option gives investors an advantage when they are confident that the asset will move according to their prediction.
They will set a one-touch option at a “trigger point”, during a period of time.
During this period of time, if the price of their asset reaches this trigger at least once, the investor will receive a payout, regardless of where the asset finishes.
Let us give an example.
The Gold exchange price is $ 1000, you decide that within the next week, Gold will reach $1250 at least once.
During that next week, the price of Gold reaches $1340, before dropping back to $980.
You receive your payout upon the trigger point being met so you are paid out.
This option is the opposite of One Touch Option. The no-touch option predicts that the value of the asset you are aiming for will not reach a certain value limit. Like One Touch Option, you or your broker set a certain price for the target asset and predict the price of the asset will not touch the price you or your broker set in a certain time period.
Double Touch Option
Double One Touch option
By taking the concept of the one-touch option, the double touch option has two trigger point values. Your option will benefit if the value of your assets touches one of the triggers that you set, regardless of which point.
For example, if the current price of gold is $ 1200, and you or your broker set the trigger’s top point at $ 1250 and the trigger’s bottom point at $ 1150, your option will be profitable if the gold price rises to $ 1250 or drops to $ 1150. Conversely, if the price of gold does not touch one of the trigger points within a certain time period, it will be out-of-the-money.
Double No Touch option
As the name suggests, the double no-touch option has the opposite direction from double one touch. You still have two trigger values but this option must be in-the-money form. It is predicted that the asset will not touch one of the two trigger points you have set for a certain period of time.
If one of the trigger points is touched by the price of your option transaction it becomes out-of-the-money and you lose your investment in assets. Therefore, traders usually prefer to invest in markets with a tight range that usually appears after the climax of selling or buying (strong price spikes).
Paired options are one of the more exotic forms of binary options. This option is only given by a very few brokers and is usually based on the performance of an asset which is related to other assets.
Here, the trader selects the asset pair from the list that has been given and bet on which asset will surpass the other within a certain time. Assets are paired by class and sector (the categories must be the same).
Although some of these options sound very interesting, we highly recommend that you stick with the basic call and put options.
For two reasons:
- Regulated brokers usually don’t offer exotic option types.
- Due to their nature, they make trading very risky. It’s a big challenge already to hit the right direction of the price movement, why would you take extra risks?
What Assets Are Used In Binary Trading?
As you become more knowledgeable, you will probably begin to prefer to trade certain assets. This is a beginner’s guide so we will not go into this in too much detail here. Range of assets can be an important judging factor when reaching a more experienced level, but for beginner traders it’s not necessarily the #1 aspect you should look after.
However, I am sure you have all seen on the news, stories about stock prices from big companies like Microsoft or Toyota. Stories about massive increased or gradual decreases in the value of stock. These are the main types of Assets you will encounter in the Binary Trading World.
On the stock index, you have to predict the value of the top shares of a stock market whether it will increase or decrease in a certain period of time.
You can trade on any stock index, be it Dow Jones, FTSE 100, Hang Seng, DAX, and NASDAQ. The advantage of playing a stock index is that the procedure is easier than buying shares through a broker, in binary options you don’t have to pay any fees or commissions.
You also do not need any fancy accreditation, or to work in the horrible environment that is the stock market.
Let the stock market traders get up early and go to work for 18 hours a day in their hot suits, whilst you get up at noon and make trades whilst sat in bed!
Currency pairs and Forex
Trading with currency and foreign exchange options is very closely related to paired options, because you can only define a price of a currency relative to another one.
Popular currency pairs are EUR/USD, USD/JPY, USD/GBP, USD/CHF, USD/CAD, AUD/USD, NZD/USD, etc
In addition, the binary options offer exchange for bitcoin with other currencies, such as bitcoin with US dollars.
Cryptocurrency and Bitcoin
This brings us onto Cryptocurrency. A currency that deserves its own paragraph due to the complexity of it.
Crypto is one of the most exciting and explosive markets we have seen since the .com era. Overnight rises of up to 1500% are not just happening, they are happening often.
A very dangerous commodity with the potential to earn a fortune or destroy. You rarely can apply normal investor strategy or analysis to Crypto, so be wary of dipping your toe into this world.
If you are interested in trading with Bitcoin, Ethereum, etc. check out our guide about Cryptocurrency Trading.
In commodity trading goods allow you to trade without having to buy these commodities physically, which of course must be very expensive. Typically, commodities traded through binary options trading are the value of gold, silver, copper and crude oil.
Previously, the sale and purchase of shares was generally only carried out by high-ranking business people who at least had a bachelor’s degree in economics or equivalent. For beginners, buying and selling shares is quite risky to do.
With binary options, even you beginners can trade up to thousands of shares without having to buy real shares from a company where you invest.
How To Start Trading Binary Options?
Even for beginners, getting into this world is very easy. With the right knowledge and guidance, you should be up and running in no time. Make sure you keep up to date with news and reviews here in order to get the most up to date information on trust-worthy brokers.
4 Steps to start trading with binary options:
- First, look for the best broker – check out for our recommendations in the “Brokers” menu.
- When you have found your broker make sure you register a Demo Account. Use this demo account to test how good the platform is for you, test the comfort and smoothness of the platform out.
- When you are comfortable with a platform depositing funds into your account. Check out our article if you need help with it.
- Sign up for our FREE Trading Academy and learn what strategies we use to be profitable while trading.
How To Choose the best Binary Options Broker?
Choosing a binary option broker is crucial for your long term investment goals. This is your hard-earned investment money here, choosing the wrong broker means you could lose the value of your investment.
We understand this, so we are going to give you a quick guide to use when investigating potential Brokers. We use a more in-depth analysis when writing our broker reviews, but the below information will give you a very good idea about what to look for.
First Impressions/General Information
When looking for a broker, first impressions are often a great indicator of whether to continue looking into a broker.
There should be clear transparent information about the company’s objectives and past achievements as well as statistics and general information about the company.
Look for trust signals such as physical company locations, details on leading members of staff, up to date news of current positions.
If learning material is publicly available and access to a demo account is free, take your time to see the quality. Compare the content of existing learning material with other material provided by competitors.
Regulations and Safety
A regulatory body, such as CySEC or the Financial Commission are 100% crucial when picking a Broker. Look for similar accreditations like the one from Olymp Trade below:
If no one is regulating a broker, they are free to do what they want, this is how most people have been scammed in the past.
The purpose of regulation consists of things such as consumer protection and strict adherence to the financial market model, as well as convincing and promoting fair competition among companies with fair rules so that consumers can exercise their rights fairly.
For binary options brokers to be regulated, they must meet the requirements and operate in accordance with the regulations set by the regulator. Among these requirements are security protocols and procedures to fight money laundering and fraud.
If a broker is regulated by FinaCom or CySEC, your trades are protected up to a value of 20,000 Euros.
Because of these regulation, we have to stress out:
Never give fake data. You will lose your money and will have no right to contest.
Please Read That Again.
Free Demo account
Every broker who is worth their salt will have some form of a demo account available to its users.
When looking for a Broker, we would not recommend going with a broker who does not have this kind of feature available.
Demo accounts allow you to test-run a platform, checking that it works for you, runs smoothly and remains stable for long periods of time and makes sure you like the style and tools available.
Use demo accounts wisely to check how well your strategies are doing, test new strategies, learn how to use different metric measurements, indicators, and chart types.
Platforms that work well no matter what your account level is, usually work out better for users in the long run.
Most good brokers will allow you to keep a demo account alongside your regular account, allowing you to test and practice without investing your capital every time.
Wide selection of Deposit and Withdrawal Options
Make sure you thoroughly read through all the terms, conditions and stipulations around a Broker’s deposit and withdrawal system.
Make sure you find out the policy for withdrawals and the time scales. Some brokers only allow withdrawals to the same method you used to deposit.
Make sure you check what the method is also, will you use international bank transfers? Or an electronic wallet such as Skrill or Paypal.
The general consensus we have found for users in India is that Skrill is currently the best way of transferring and withdrawing money. You can read our full Skrill review here.
Please note: Due to policies to prevent money laundering and fraud, you may be asked to send and confirm documents at the time of initial withdrawal, which can be time-consuming during the initial withdrawal process.
Additional Features: VIP account, indicators, tournaments
Now you should have narrowed your choices down to Brokers that have good money policies and are highly regulated and safe.
The next step would be to choose the platform you like the best. Many platforms are very similar in the Binary Options market, so if you find one with a particular feature that you like, that other brokers don’t have then this may influence your decision.
These features could include:
- Learning material: What topics and strategies can be learned from the material the broker provides for free to its members.
- Tournaments: Almost all of the good brokers have some kind of trading tournaments where you can win nice prize pools by competing other traders.
- Analysis and projection tools: Some platforms provide analysis and predictions for multiple assets. This feature provides a better understanding of scenarios and therefore increases the chances of success even further, increasing investor return on investment (ROI)
- Main Graph Quality: The main graph shows investors the most information regarding a potential investment. Although it looks simple, this is very important, when faced with investment, the ability to clearly visualize the situation helps in identifying trends. Most existing strategies are based on the interpretation of scenarios based on graphics and special tools, this feature should be maximized in its use.
- VIP Account Manager: This is a very specific type of customer service. Many brokers offer their VIP Accounts, Private account managers. These account managers act as dedicated customer service agents to individual traders, allowing for much quicker customer service queries.
- Personal consultant: Personal consultants can give you valuable tips about investing to maximize your level of profit. This feature is again usually available for users with high deposit volumes and VIP Accounts.
Hopefully, if you use the above guidelines, you will be able to choose a broker that will help you prosper and grow as a trader.
We cannot highly recommend to check out our #1 broker recommendation, as this is the one we use the most ourselves to trade, you will be in good hands.
Our recommended brokers score highly in every one of the above factors, they have very high regulation status, have won countless awards, and also have one of the most feature-rich and innovative platforms we have seen out of any currently available brokers.
How Do You Make Money With Options Trading?
You have found out about the potential to make good money with Options trading and you want to know-how. This is probably the main reason you are reading this article.
As we mentioned earlier, options trading looks very simple for the first sight, but it’s somewhat more complex than you might think. Because of this, we have dedicated a whole “Tutorial” section, the article you are currently reading is just the first part of it that is covering all the basics you have to know.
If you already know how to register a new broker account you can skip that article and jump straight to the “How to make money with online trading in theory” article.
Things To Remember!
- Risk is constant throughout all trades, but you will never lose more than you put into a trade.
- There is no need for stop losses in Binary Options Trading, you win or lose.
- Returns are on average 70%-90% per trade, sometimes even 100%
- Make use of Demo Accounts, Free Education and our Free Trading Academy, to give yourself the best possible start.
- Make sure your brokers are REGULATED
And most importantly: Using a good strategy and discipline is the key. Read our next article about how you can make money with online trading (link above), check out our FREE Trading Academy and start your online trading journey now!
Binary Options FAQ
How Much Money Should I Invest?
As with all investments, only ever invest what you can afford to lose. Obviously the more you invest the more profit you will make per trade. With $10 it is going to take you a long time to see sizable profits. But you can still learn a lot from trading at this level.
Investing around $100 is a good entry point for the average user, you can make some decent If you have the capital investing $1000 or more will provide the best benefits, you will gain VIP Status with most brokers, and gain access to all areas of the brokers’ platforms. You will gain more education and specialized tools, as well as dedicated broker support and account managers.
At the end of the day, you have to decide how much you want to invest, no amount is the wrong amount.
If Binary Options Are Profitable, Why isn’t everyone doing it?
80% of people who sign up for Binary Options brokers end up gambling their investment money with little thought or education.
Even though Binary Options can be very profitable, you aren’t going to see massive returns off $10, you won’t make thousands of such a small deposit, this can put off potential investors that are scared to deposit larger sums and just want to get rich quick.
How Much Profit Can I Make?
This depends on deposit size, trading activity, payout, commitment to self-education. It is impossible to tell how much profit you are going to make, however, we use strategies that work with around 75-80% accuracy when we trade. If you are interested in those strategies, sign up to the free academy where we will be revealing our methods.
Can I Try Binary Options For Free?
Yes, all of our recommended brokers have free demos you can try.
We encourage you to do so and spend a good amount of time on the demo before opening a real account with your hard-earned money. It does not matter how good the broker is if you don’t like or understand the platform they use.
Try your usual strategies, try new strategies, fiddle with all the possible settings. After doing that over several brokers, choose the one that felt right to you.
How Do I Withdraw My Winnings?
Please read our section on withdrawals in the article.
When Is The Best Time To trade binary options?
A crucial advanced part of your education will be the utilization of economic calendars.
Economic calendars list the times and days, when each country releases the latest data they have to the public. Certain brokers have better economic calendars then others.
Good brokers have “Data Release Days” with many of them offering bonuses for traders trading on that day.
This can be an absolutely brilliant way of increasing your profits on a day where you will have access to all the newest information.
Open a Free $10.000 Demo Account at our #1 Broker, Olymp Trade:
Binary Options Guides
It can be confusing to decide how to start trading online. One can choose among forex, crypto, CFDs or binary brokers from all over the world. Also, traders can’t only click and make profit, as they need to learn more about financial analysis and trading strategies. In this guide, we will try to present you with most common dilemmas and questions that are bothering not only new traders who are only starting, but also more experienced traders. The point of this binary options and forex guide is to get a sense of what the trading is about and to encounter some basic terms one uses when trading.
Also, an useful resource is our Forex trading basics guide and our online trading academy with more than 150 articles – from basic terminology to advanced trading strategies and patterns.
First, it is important to understand the basic differences between different types of online trading.
What is Forex Trading?
Forex trading is somewhat different than binary trading, even though traders don’t have to own the underlying asset. Forex trading is based on currency pairs (for example, EURUSD – see how to trade this pair) and traders can buy or sell the desired amount of currency contracts and use leverage to move larger amounts of money. Also, traders have different risk management tools like stop loss and take profit at their disposal.
What is Binary Options Trading?
Binary options are a special type of financial instrument that allows traders to know possible payout in advance. At the same time, traders never own the asset in order to trade based on it. They are placing a trade based on their prediction of the price movement and not based on buying or selling the actual asset. European market oversight agency ESMA decided to temporarily ban binary options (PDF) distribution and sales to retail investors for 3 months in 2020 since they felt this instrument design might present too big a risk for small traders.
What is CFDs Trading?
CFDs trading is very similar to forex trading, but the underlying asset is different. Contracts for difference are based on bonds, stocks, commodities etc. Most modern brokers offer forex and CFDs trading at the same time. We have also explained CFDs in our trading guide on forex.
What is Cryptocurrencies Trading?
Cryptocurrencies trading is the latest trend, based on digital coins or tokens that appeared on the market some 10 years ago. Traders can trade them as CFDs and forex contracts with regulated brokers (the safest option) or via crypto exchanges (riskier option). We have written a comprehensive guide for cryptocurrencies trading you should read. Also make sure to check out how to take advantage of Bitcoin CFDs, the first and most popular cryptocurrency to date.
Binary Options Guide for Dummies
The idea behind binary options is indeed one of simplicity, however, there are some general rules one has to know in order to be able to run the trading platform and become successful. Pushing Up/Down or Put/call will not be helpful unless tied to a serious understanding of the market.
Online Trading Dictionary – Options Trading for Beginners
Expiration Date: The time that the option expires.
Settlement Value: The value of the option on expiration.
Underlying Market Price: The actual real-time market price of the contract.
Bid: The premium price that traders pay for an opening to sell a contract or closing a buy order.
Ask: The premium price that traders pay for an opening to buy a position. This is essentially anticipating that the underlying market price will go up. It is the price paid by a trader who has an open position to sell and wants to close it out.
Spread: The difference between the bid and ask.
Bid size/Offer size: This reflects the number of positions being bought or sold.
Commission fee: The trader will pay a commission fee per transaction – more common in CFDs and forex trading, binary options do not require comissions.
Set-and-let: When you take a position and do not trade in the same market until the time frame expires and the bet is settled.
ROI: Return on Investment
Sell: The action used in forex and CFDs trading when traders believe the price won’t move in their favor. The opposite is “Buy”
High: if you believe the price of an underlying asset will rise, you click “High” in the trading platform
Low: if you believe the price will fall in the future, use this price direction to indicate which way the binary option should move.
Strike Price and the Underlying Market Price – what is the relation?
All beginners should understand these basic terms, whether they are binary options beginners or only starting in forex and CFDs.
The strike price is the price in the moment when the trader places the trading order. This is the price at which the option or CFD are executed. In case of binary options, if you expect the price of the underlying asset to rise, the price of the asset at the moment of expiry of the option must be higher than the strike price. This is called “in the money”. See how to decide the strike price with simple trend lines.
In case you were wrong, and the price is lower than the strike price – the option closed out of the money and you lost your investment.
Underlying market price is the price you are watching after the trade has been placed and, as explained, its relation to the strike price determines the outcome.
With binary options the returns in case of successful prediction can be high and it helps that they are fixed, but understand that in case of the unsuccessful trade, all money wagered is lost. Its different with CFDs, there the amount one wins or loses depends on the difference between the strike price and the market price at the time when the trade is closed. This is why these are called “contracts for difference” after all.
What are Fixed Price Options and No Touch Options?
The fixed price options are used for trading out the assets at a specific strike price. This means that the trade is being placed in the moment when the underlying market price reaches certain level which becomes the strike price for the option.
No-Touch Options are one of the most popular binary options and are considered to be somewhat riskier as traders will have to predict not just the direction of the price but the possible range it will (not) reach. This options type is extremely useful for traders who believe that the underlying asset price will increase over the range-bound during a specific time frame as they will end up making a lot of money if they are right.
Can I Make Money with Binary Options or Forex?
Binary options trading should not be taken as a risk-free way of trading online no matter what some brokers might say. There is always some risk linked to the process, but it does not mean that one cannot reduce the risk by employing smart strategies or trading responsibly.
Some of our other articles on recognising danger to your money and properly trading online:
If traders think the price of gold is going to rise, then they place what is called a call binary option. For this reason, they would need to select the assets they have, in this case being the gold. The next phase would be determined by what trend the asset is going to show i.e. up or down. The last phase is that they determine the amount they are going to invest in it. If things go as planned with the price of gold, they stand to earn up to 100% returns, sometimes even more. If the trade goes sour – they lose the invested capital.
On the other hand, if they feel that the price for the gold is going to decline, then they place what is called a put option. If the same happens as before, they will yet stand to earn even from the falling prices. The entire process can take place in minutes as well hours depending upon the expiry time they chose. But as a trader and an investor, one should exercise caution in all the steps taking in this regard, as they can also end up losing all their investment.
Binary Trading with Robots and Signals
Another way of increasing your returns can be trading with binary robots and signals. Binary robots are special software that use complicated algorithms to find profitable trades (commonly known as signals). Depending on the adjustments and trading settings, it can also place the trade instead of the trader.
Signals are trading alerts that contain all necessary information about a trade that has a high profitability potential. For example, traders get a notification that contains the underlying asset, trade direction, expiry time etc. All they have to do is trade it! They can trade it automatically or manually. Learn more about signals.
Just a few years ago, binary robots and binary signals were two separate types of services, but more and more often we see different types of trading and trading services integrated on the same trading platform. Of course, before using any signals or robot trading service, make sure to check the reviews available on FFB.
Top Myths about Binary Options Trading
What is the real truth behind binary options trading? Is it all a scam? Is it really that easy? Will we all become millionaires in the blink of an eye? The truth about binary options trading is sometimes as complicated as the myths that surround it.
Here, we will debunk some of the most popular myths!
Myth no. 1: Binary Options Trading is Gambling
To people uninvolved in binary trading, logic is simple: you make an account, deposit money and make a bet whether the selected option will go up or down. This logic couldn’t be further from the truth. Experienced traders agree in one: in its possible to trade binary options and treat them like gambling, but it won’t take you far. Read more about the difference of binary options and gambling
The truth about binary options no. 1: even though some treat it like a gambling game, there is so much more to it. Relying solemnly on luck is not a solution for traders who wish to be profitable and trade in a reliable way.
Myth no. 2: Binary Options are Fast Money
Many brokers use this technique to attract traders by promising them high returns in short time. Sometimes the general atmosphere is such that it is really easy to believe that all trader has to do is make a deposit, and platform will do all by itself and make him a millionaire.
The truth about binary options no. 2: Binary options require serious engagement and knowledge of financial analysis in order to be profitable. Testimonials and advertisements that use “get rich quick” language can be considered a scam and false advertising, as they are empty promises.
Myth no.3: Binary Options Trading causes addiction
Some claim that binary options trading, just like gambling, can cause addiction. The adrenalin of short-term trading may influence some traders, but not all.
The truth about binary options no. 5: Contrary to that popular belief, binary trading experts always warn that trades should be executed only after thorough analysis. Such trading behavior significantly reduces the risks and lowers the chances for emotional or forced trading. Never invest more than you can afford to lose!
How to Choose a Binary Options Broker
Apart from ensuring a higher rate of return, most of the experts also value safety. Many brokers do offer more than 100 % of returns, but that is not objective return rate. Serious brokers offer reasonable rates and not those that sound too good to be true. The best brokers have user-friendly platforms, great customer service and a variety of trading options.
Online Trading Broker Terms & Conditions
Terms & Conditions always offer more detailed information than the website and are usually located at the bottom. If some things are still not understandable after reading T&C, better don’t deposit, but contact customer service for additional questions.
Broker Trading Accounts and Bonuses
In order to start trading, traders often choose an account type and make a minimum deposit. Account types may vary: some brokers offer five account types, other only one or two (like Nadex) and each account requires different deposit amount. Minimal deposit is the minimal amount broker accepts as a deposit when opening an account or adding additional funds to your account.
The bonus is additional amount offered by the broker to motivate the trader. Unfortunately, some scam brokers use the bonus to blackmail the traders when they want to withdraw their money. Although it is completely legal to request a certain turnover before allowing bonus withdrawal, it is not legal to add bonus without trader’s approval. Also, bonuses are not allowed with CySEC regulated brokers anymore.
The Demo Account
Demo account is probably the best way to experience binary options trading. It is a special account type that enables you trading with fictional money in order to learn how to place trades and get accustomed to the interface. Traders win no money, and they lose no money.
Trading Assets and Trading Options
Traders can choose whether they’ll trade high/low, one touch, ladder, pairs, 60 seconds, long- term, range options any many more.
The expiry times of binary options may vary from short-term (15 sec, 30 sec, 60 sec, 2 min, 5 min) to long-term (end of the day, end of the week, end of the month, 30 days or more).
The underlying assets are currencies, commodities, indices, stocks and cryptos. There are also bonds, ETFs which are more common with CFDs brokers.
Customer Support and Education
Every successful binary options trader will tell one thing to inexperienced traders: never underestimate the power of knowledge in binary options. Many good brokers offer educational materials. Customer service nowadays is usually available in many different ways. Depending on the broker, traders can contact them via phone, email, live chat or skype.
Forex and Options Trading – Deposit & Withdrawal
The minimum investment is the minimum amount that can be placed in one trade while depositing is adding funds to the account. Withdrawal is a process of taking money from the trading account to banking account. There is usually a limit for minimum and maximum withdrawal.There are many ways to deposit and withdraw money: bank wire, credit card, debit card, e-wallets…
Bank wire is one of the most popular ways of depositing. The most renowned banks, like HSBC, allow depositing and withdrawing from their clients’ accounts. The bank ensures all transfers are safe as do most binary options brokers. For many traders, HSBC will surely offer premium service that also covers binary trading.
Make sure to upload your documents as brokers require them to verify your identity and stop potential money laundering schemes.
Today, most serious brokers are registered with at least one of many regulating bodies. The most popular regulatory body is CySEC as it covers the territory not only of the Republic of Cyprus but the European Union as well. The EU is a great market so it’s no wonder that most of the brokers are licensed by CySEC. Read more about binary options regulators here.
Learn about the CYSEC investor compensation fund to see how you can get some of your money back if the broker becomes insolvent.
You can also file a complaint with the regulator in case you think you have been scammed. However, the best way to get your money back is to use MyChargeback.
Every country has its own regulator as well. Regulated brokers are obliged to respect the laws enforced by the country of registration which is a great help in case anything goes wrong, as traders have not only customers service to ask for help, but a state body as well.
Binary Options USA
Global binary options are mostly tied to brokers that operate on a different platform than the one that is allowed by the US authorities. US binary options traders can use any regulated binary exchange. This is not a bad thing, as regulated market means that customer is more protected than on many other local markets.
For binary options trading USA that is compliant to all possible versions of the rules enforced there, there is NADEX, based in Chicago, that does offer binary options trading according to US rules and regulations. You can read our NADEX review here.
What is Social Trading & Copy Trading?
Social and copy trading are new possibilities in online trading that enable traders to follow others and place trades in the same way as they do.
Copy trading can be seen as copy/paste option on a personal computer. Trader selects a peer to follow, and trades, according to their affinities and settings on the platform are directly copied. The trader can choose which peer to follow and see their trades. If the trader finds the trade promissin, then he copies it, and if not – the trade is skipped, and trades some other time. Most copy trading systems automatically copy all the trades with preset spects from selected traders one follows.
Just like any type of investment, social trading is only reliable as the platform that provides it and the traders you follow. Besides selecting a reliable platform, traders must select reliable trader to follow as well. Sometimes, losing is inevitable, but there are still many traders who understand the market and price movement and who do the great analysis before placing trades. This is a type of trader one should follow.
What is important to mention is that in most cases, copied and social trades often have a limit when it comes to investing, which means traders can place only a certain percent of their funds. This rule is existing because, trader didn’t make a projection by himself, but is simply following another trader.
Cryptocurrencies Trading Basics
Cryptocurrencies, as implied by their name are a type of digital currency that uses encryption protocols for securing, verifying and sending transactions. They achieve it by using a technology called the blockchain which resembles a public ledger that chronologically registers and validates the details of every transaction. Tokens, on the other hand, are more like a digital commodity than a currency.
Crypto trading can take place in several ways. Learn more about crypto trading.
Trading Cryptocurrencies Like Bitcoin with IQoption
IQ Option’s platform is both advanced and intuitive. It provides quotes in real time, gives the ability to trade with fiat currencies on Forex and Options as well as Cryptocurrencies on CFDs. One of the benefits of Cryptocurrency CFD trading with IQ Option is the volatility of these assets, they provide a perfect opportunity to open and close short positions throughout the day, and invest in long positions, given the current bullish trend of the crypto assets. Another great advantage of this platform is the low investment threshold – only $1. Considering the growing interest in a sophisticated, decentralized exchange, it looks like an interesting platform with promising, great additions to come soon. You can try trading cryptocurrencies now, with a free demo account.
How to Stay Safe while Trading Online?
Binary Options Certificates Scams
When deciding on a broker, traders usually visit their websites, and then they see it: a line of aligned seals signaling the broker won an award for being “the best broker”, having “the best options”, being “100% secure”, or perhaps, “top broker”. Another worrying trend we noticed is brokers displaying their “regulated certificate”, even when they are not regulated by any regulatory body. In the case of doubt, always read Terms and Conditions. Regulated brokers usually state there which body regulates them, together with their regulating number. The regulating number can easily be proofed on regulatory bodies websites. For brokers who claim to be regulated by CySEC and other institutions, do it here. You can see an example of a false regulation seal to the right.
Binary Options Certificate Scam – Example
We noticed that one of the brokers that is on our Blacklist displays such elements on its web page. All one needs to do is scroll, and right on the bottom of the CapitalOption page, three “awards” can be found.
- “100% money back guaranteed”,
- “100% quality” and
- “Certified, secure, authentic”,
Sounds pretty good, right? Unfortunately, these awards and certificates make no sense as they are all fake.
Bonus Terms and Conditions in Binary Options
Bonus rules are provided by good and bad brokers alike, so the pure existence of rules is not providing any insurance at all. The difference is that good brokers have reasonable conditions while scam brokers leave to many information open to misinterpretations or don’t have such rules at all.
The formula for calculating the trading volume is mostly explained in bonus terms and conditions.
For example, the trader makes $250 deposit, and the broker is willing to add 100% bonus with a required turnover of x20.
This means that trader has $500 available for trading, but not for immediate withdrawal. The withdrawal can happen only in case a required trading volume has been reached. In this case, the trader can withdraw bonus profit and deposit, only after the total volume of the trades placed reached $ 5,250
Deposit + Bonus x 20 = required volume
$250 + $250 x 20 = $5,250
When the trader has reached the volume, the amount (bonus profit and deposit) can be withdrawn.
Here are some examples of how brokers manipulate with bonuses to prevent you from withdrawing.
Binary Options Bonus Scams
LBinary: Unauthorized bonuses – The trader lost $10,000 in a single night, as the broker traded in her name without prior approval, and even added an unauthorized bonus. No matter how much she tried to convince her account manager and customer support to stop, it was impossible. There was no written proof of her accepting anything, and the broker simply took advantage of the customer.
MyOption: Impossible withdrawals – In this case, the trader got a bonus without knowing what the terms of bonuses are, and every attempt to contact the broker was futile.The trader was told that bonus can be canceled at any moment, and the deposit is withdrawn fully, but the reality was much different.
Very often, a bonus is used as a way to incentivise the trader to deposit, and this is not surprising as bonuses are usually perceived as extra money that always comes in handy. According to CySEC, no regulated broker is allowed to offer bonuses. This protected many traders, but not those who are trading with unregulated brokers.
Sometimes account managers put additional pressure on traders with promotions that are potentially against the trader’s interest. Account manager and brokerage staff have a tendency to do all the convincing part via phone call, as it is harder to track what is going on, especially when it comes to scam brokers. For this reason, always insist on written correspondence via email.
Binary Options in Israel
After making conditions for registering binary options business even stricter, Israeli Securities Authority (ISA), under the leadership of prof. Shmuel Hauser has decided to make illegal all advertising and service providing in binary options industry towards Israeli citizens. The new legislation has created an unfriendly business environment so it can be expected that all brokers who are offering regulated binary options will have to stop offering such services. This means that Israeli traders will be forced to trade binary options with unregulated companies, and all that dependable on how rigorous ISA will be when it comes to prosecution of unregulated brokers.
Forex Trading in Israel
However, this ban doesn’t mean that it is impossible to experience online trading in Israel. You can still trade forex with regulated forex brokers. Forex is another popular type of online trading based on currency pair contracts that allows traders even more control and customisation possibilities than binary trading.
For example, forex trade can be closed at any moment, and you don’t have to wait for the expiry time to run out. As always, make sure to find a solid Israeli forex broker. We suggest you try trading with Plus500 (80.6% of retail CFD accounts lose money), where a trader with an account can trade CFDs on Forex, Stocks, Commodities, Options and Indices”.
Binary Options in South Africa
Binary options trading became very popular in South Africa in the very beginning, almost 10 years ago, but South African government still didn’t manage to completely regulate all aspects of this type of financial trading. All aspects of investing and finances, except banking, are regulated by the Financial Services Board (FSB). One of the most interesting aspects of binary options trading in South Africa is that companies in South Africa are not allowed to offer binary trading services to South African traders. This is another reason why South Africans have to trade with offshore brokers.
Traders who want more diversity or to trade with multiple brokers should select binary options broker regulated by other important regulators like CySEC.
Forex in South Africa
Still, traders can still find a regulated forex broker and trade with popular forex brands. This makes forex trading the preferred choice by South African traders.
Most popular brokers in South Africa are Plus500 (80.6% of retail CFD accounts lose money) and CMTrading (FSB Reg no.: 38782), that offers incredible trading accounts, risk free-trades and leverage up to 1:200.
Binary Options in Japan
Binary Options in Japan are legal and regulated by Financial Futures Association of Japan (FFAJ), that not only regulates the market but also publishes reports on the binary market. As most regulatory bodies in the world are only regulation-oriented and don’t care much about the market results, this case is another proof of well-known Japanese efficiency. Just like most other regulatory bodies, FFAJ publishes reports on the scam and unregulated brokers as well.
Binary Options in Lebanon
Binary options are becoming increasingly popular in Lebanon. Also, we mentioned that it is always better to trade with a regulated broker than with unregulated. Regulated brokers are, generally speaking, safer and more reliable as they keep funds in separate accounts and allow traders an additional level of transparency and security.
In Lebanon, the main regulator for binary options is Banque du Liban, or the Central Bank. One of the main roles of Banque du Liban is providing licenses to interested brokerage houses. However, like many other regulators, Banque du Liban does little to really regulate binary options. Binary options in Lebanon are mostly based on brokers that are regulated offshore by other popular regulators such as FMA or CySEC. Traders should always check whether or not the broker has a valid license. The license number can usually be found in the footer of the website, but don’t hesitate to contact the regulator as well, as some scams publish random numbers they claim to be their license number.
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