The best binary options broker of 2016
The emergence of new trading platforms or binary options brokers has been a great, as there are currently over 400 trading platforms, which is a long leap away from the minuscule numbers that operated when binary options trading begun in 2008.
One regulator cannot govern the Binary Options, Trading Software and Foreign Exchange industries. Nonetheless, the increasing popularity of online trading has naturally led to the creation of various regulatory bodies whose primary objective is to protect traders online.This happens by providing a number of watchdogs whose job is to oversee best practices by brokers. Technological advances in recent years have translated to a long list of brokers for traders to choose from, with many of them providing traders with user-friendly platforms to trade in alongside a host of quite tempting benefits.
However, traders cannot enter into business with just any one of these brokers. Somecountries – such as the United States – have placed some restrictions, with a raft of strict regulatory requirements being imposed on brokers to accept traders based in the United States. Reading a broker review and then heading to their website in order to trade can be very annoying when you find out that traders from your country are not even accepted.
Comparison of Binary Options Brokers
The most important decision when trading in binary options is choosing the right broker to trade. It is of critical importance to select a high quality broker (such as IQ Option) in order to access the benefits of the binary trading features. In order to help determine the top binary options dealing platforms, various factors come into play. Below are the comparative attributes for the major binary options brokers:
- Diverse Asset Base – There are always better prospects and more choices to boost your profits when you trade with many currency pairs. The number of trading options available then becomes a very important factor.
- Binary Options Types – In comparison to mainstream brokers, the best brokers typically offer a lot more binary options variants. Such features like Options Creator, One-touch Options or even Short-term Options are crucial in attracting binary traders.
- Depositing Options – Trading firms that accept a wide selection of deposit choices are generally easier to get started with, while being readily accessible to more clients. This is ideal for traders, as the platform that offers the better payment and cash-out options is the one they prefer.
- Financial Stability – It is definitely important for your broker to maintain a clean business standing, considering well-established brokers are usually much more reliable when compared with smaller firms or upstarts.
- Rate of Profitability– There is a reason why you should opt for brokers that offer higher payout rates: making the most out of your transactions. Considering different binary options brokers provide different values of profitability, you should select brokers with high payout rates and payment ratios.
- Cashout Options– It is fundamentally appropriate that brokers should be quick and prompt when making payments. Firms that pay within two days or less are often recommended.
The Best Binary Broker Of 2016
Armed with the comparative tips above, you are ready to sign up with full confidence on our recommended list of brokers. These brokers were tested, regulated, licensed and approved for each of the territories listed. All you have to do is to find the territory that is most appropriate for you, select a broker, sign up and begin trading.
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