Binary options trading has long and firmly won the attention of brokers and traders around the world. In general, it is a very convenient tool for making additional profit, and very significant. But there are many fraudsters in this type of activity who collect money from gullible investors and disappear. How not to make a mistake in choosing a broker?

1. Reputation, licenses

First you need to check whether the applicant for your money has the appropriate license to engage in this type of activity. There are a sufficient number of authorities that control this type of activity: TSROFR, KROUFR or TsRFIN. Foreign brokers obey CySEC, FSA, CFTC, etc. But in addition to licenses, there is also a reputation. It can be judged by the reliability rating of binary options, reviews and recommendations. But obsessive-sugar or sharply negative reviews should also be treated with suspicion. Reviews are often custom-made.

2. Trading platform

The presence of a trading platform with many complex signs, flashing icons and skipping charts on which you can’t make out anything does not mean anything. This can only be a tap of the eye for an investor who does not understand anything. The user should have a simple interface, the ability to quickly enter the transaction and close it just as quickly if necessary.

3. Minimum rate and deposit

In order not to make a mistake in choosing a broker, you need to pay close attention to the minimum rate that a trader must engage in work. The deposit, which is involved in the transaction, always depends on the minimum rate. If the option rate is $ 10, then the deposit should not be less than $ 200. If a trader makes big bets, then he works only with luck, in fact, he does not have a clearly developed strategy.

4. What is the percentage of payments (aka payout)

Given this value, it is pretty easy to understand in general how much income from transactions a trader will be able to get from this broker. In other words, a higher payout percentage is all the more profitable for investors.

5. Toolkit

It is better to check and make sure that the broker possesses all the necessary exchange assets or instruments that he needs to implement the strategy. Each investor, in essence, prefers his tactics and strategy. But the broker has more instruments, the choice of which often affects the strategy as a whole, the better for the investor.

6. Types of options

Often you can’t make a mistake in choosing a broker not immediately, because binary options are quite diverse. The classic option is to bet on raising or lowering an indicator. There are more complex species. If an investor considers himself to be sufficiently experienced, then he can bet, for example: the price will go out of the corridor determined by the broker or not, will it touch the set level or not.

The main thing to remember: there is always risk. A broker is also a person, that is, of course, seeks to make a profit, plus he can make mistakes. The levels are calculated by him in general so that the probability of their achievement is not high.

7. Expiration time

Binary options transactions are concluded at a very different time, up to a minute or an hour. But in the absence of sufficient experience, it is better to conclude an order of magnitude longer time intervals. In this case, it is easier to avoid instantaneous oscillations caused by various reasons. In order to predict the behavior of the asset selected for the transaction in a short period of time, you need to have a lot of experience and knowledge. In general, when choosing expiration, it is better to proceed from the chosen strategy.

8. Deposits and withdrawals

The broker should not interfere with the deposit of money or withdrawal at any time. The user must have all the capabilities for this. If the system for receiving a deposit or profit is confused, if you are asked to wait, it is better to stay away from such a broker. At one not very beautiful moment in time, you can not see money at all.

9. Bonuses

Everyone loves bonuses, especially just like that. But brokers are not inclined to give gifts for "beautiful eyes." Behind this, any condition is hidden. Investors may be required to complete a certain number of transactions in a certain time. In an effort to get a penny bonus, the investor may lose all the money in the account, opening uncontrolled transactions. Most often, brokers give bonuses to those who attracted a new client and not one.

10. Demo account

A convenient option for training. Here you can endlessly open and close deals, develop your own strategy. After that, you can already start trading on this account. But staying on a demo account is also risky. There is no risk, as in real situations with an account, to lose money. Many begin to open deals with great risk. Then this risk can be transferred to real transactions and burn out instantly.

11. Customer Support

In fact, a good broker who cares about his traders and investors, always has a support service on Skype, chat or by phone. And help will be provided in the native language of the caller.

12. Supporting analytics

A good broker also provides users with up-to-date statistics, news, information that can affect the markets at this particular moment.

Finally: do not try to conquer the whole world in one minute. Start with a small contribution, try and develop your strategy. If it turns out, then the deposit amount can be increased, but also gradually, and not suddenly. And, of course, you need to pay attention to the broker's reputation in the market, his behavior, and his attitude to investors. In this case, there is an opportunity to earn money on such an unusual case as binary options.

Watch the video: 2 Minute Strategy 2020. BEST BINARY OPTIONS STRATEGY. BEST IQ OPTION STRATEGY 2020 (November 2024).