The Ultimate Guide to Binary Trading
Compare the top rated and most trusted binary trading sites online with Binary Options Expert. Here we have brought together impartial, unbiased reviews, winning strategy guides and the influence of our team of expert traders to ensure you find only the best brokers for your trades.
We know what to look for in a good quality broker and we share all this knowledge with you. If you want to make money online with binary trading, then you will find the right broker for your needs here. We understand there are many out there to choose from and it can be hard to find the brokers which can be trusted and relied upon and that's exactly why we're here to help.
Our team at BinaryOptionsExpert.net searches the web and sources only the highest quality broker sites so you can have peace of mind and save both time and effort. We have collected together a full list and completed comprehensive reviews of the best online brokers to form the ultimate binary options guide.
In this guide to binary trading we will show you everything you need to know about:
- Finding the best brokers, with easy sign ups, simple terms and low fees
- The different assets you can trade in and the pros and cons of each market
- Making winning trades, picking up big bonuses and boosting your profits
Our Top Recommended Brokers Updated: February 2018
The Best Online Brokers
You need a broker you can trust to ensure you become the best binary trader you can. Your broker is the link between you and the markets where the assets are being traded and a good broker will ensure you have the best guidance at your disposal to make successful trades.
You want to profit and a good broker wants to see this too and here at BinaryOptionsExpert.net we have sourced the best brokers out there so you have the highest chance of success. A lot of different criteria go into our reviewing process and we ensure all our brokers offer an attractive deal to potential traders and each binary options expert thoroughly researches each broker to ensure you have all the information before making your decision.
We review each broker to ensure they meet the promises they make to their traders and we test their systems fully to see if they can deliver a good return on investment, whether they provide solid signals and whether they are running a safe and secure platform. Some of the criteria we look for:
Good brokers want their traders to stick around and they value each and every one of them so they offer generous bonuses to keep them interested. Bonuses will be added on top of your deposit at the broker site and should give you more of a boost towards potential profits. Some brokers offer no deposit bonuses as an incentive for you to open an account with them whilst others will offer a percentage of your deposit as a welcome bonus.
It is worth checking out the rate of return each company offers for your investments. A good broker will ensure you get a decent rate of return as the whole point of you using their site is to make profits. Broker payouts can vary by as much as 10-20% with some brokers offering in the late 70's to early 90's. As an average the most popular return tends to be around the 85% mark.
A reliable broker will have an extensive range of assets to choose from. To start with you my prefer a more popular, mainstream asset like gold. As you get more experience and confidence you may want to change things up and add more assets to your trading choices. You may find that different assets have more success than others and you may use your bonuses to experiment with new ones, this will enhance and improve your trading experience.
An important part of trading is being able to do so on the move. Gone are the days where being online meant being sat behind a PC, now everything is done by the swipe of a screen. Trade from anywhere in the world whilst connected online with mobile responsive websites or trading apps for iOS and Android. The top brokers will encourage traders to use their platform by ensuring that they have a good reliable platform that is available on any device.
There is nothing more frustrating than not being able to reach a customer support advisor when you have a question or an issue whatever product or service you are using and binary options trading is no exception. You should be able to reach customer support by live chat, telephone or e-mail in order to make the best of your trading experience. If you find it difficult to get hold of someone to answer your query you are likely to go elsewhere.
The best brokers want you to succeed, if you are profiting, so are they. In order to ensure that you are in the money and enjoying your trading experience they should provide you with reliable strategy advice. Many brokers offer features such as webinars and useful educational videos. Some even offer automated trading robots and other tools to maximise your progress. It's a win-win situation for the broker, so they should be guiding you forward.
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Trade Top Assets Anytime
When it comes to binary trading, what assets would you prefer to make money with? Perhaps you are already experienced in the stock market or fancy minimising your risk with commodities. There are so many asset types it can be hard to choose just one. You can trade in practically anything from gold to currencies and much more. With big rewards and such an exciting range here's just a few examples:
This is one of the most popular assets when it comes to binary options. Simply choose two currencies, let's say you choose the dollar and euro. Then you simply predict which one will be stronger than the other before the expiry time. Because of the rapid change and movement of currencies it makes them an ideal asset to trade in.
If stock trading appeals to you then you may already have some knowledge and experience in this field. You can experience the thrill of trading binary options just as you do from stocks, why not combine the two and get the best of both worlds. There are so many stocks available to trade and you can select the categories that best suit you.
Commodities aren't as fast moving as currencies and are usually seen as a lower risk option. There are an extensive range of commodities that you can choose from. More commonly are gold, silver and oil. If you want to diversify your assets and get experience as well as widening your chance of success then commodities are a great sector to trade in.
Indices are usually preferred by the more experience trader and should not be the first assets that a new trader chooses, they require a little more knowledge and experience. They are the go to assets when you are looking to diversify your risk. Indices give you the chance to spread your investment over many stocks instead of picking a particular one.
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Are binary options an easy way to trade?
Options are singular fixed reward contracts. This means you always receive either a fixed profit or a fixed loss. As the name suggests they offer "one or the other" or "call vs put" choice and they are a very simple and straightforward way of trading. Simply decide whether the asset will finish high or low by the expiry time which could be 30 seconds, an hour or a week and you will be paid, or not, on the outcome of the trade.
How are they different to Forex trading?
Binary options are much simpler than Forex trading and much easier for a novice trader to get to grips with. It all takes place over a very short period of time such as minutes or an hour whereas Forex is a much longer process which can take weeks and involves monitoring and analysing the market. They also have the unique advantage of you knowing the potential profit or loss before you embark on the trade.
Is it possible to trade on a mobile or tablet?
If you choose a reputable broker that has kept up with technological advances and made their offering competitive then, yes, you can trade on your mobile or tablet. Many brokers now have a fully responsive mobile website in addition to an app which is suitable for android and iOS smartphones and tablets and even newer devices like the Apple watch. Trading on the go has never been more straightforward or accessible.
Can I be sure my money is safe and secure?
All of the brokers listed in our binary options guide have been fully vetted, reviewed and checked by us to ensure that they offer a secure trading environment. We only recommend those that are licensed and regulated. Licenses include ASIC, CySEC, REGAFI, FCA, CONSOB and BaFin. The best financial institutions use data encryption to ensure that your details are safe and not at risk when using them online. We only put our name to those that are regulated.
How do I find a reliable and trusted broker?
We have spent a large amount of time researching the market place to bring you the best that each broker has to offer. By spending time looking through our broker reviews and exploring our recommendations you will be able to create a short list of brokers that meet your requirements. Once you have made your shortlist you might want to visit each one and see which one offers you the best experience.