The Lowdown on Binary Options Brokers

14 Apr

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So hereโ€™s the state secret that you need to know if you ever decide to invest in binary options: not all binary options brokers are created equal. In fact, there are plenty of brokerage companies that were only put up recently as a response to the growing interest in options investing after the 2008 global economic crisis. Your ability to spot the pretenders from the real brokers will ultimately help keep you avoid the headaches typically associated with options investing.

One of the first things you need to look for in a brokerage firm is tenure. Online binary options only became a real fad in 2010 so companies founded in that timeframe are one of the pioneers in the industry. Conversely, you will find a lot of companies based in Cyprus and other countries with lax tax laws that were put up in 2011 and later to take advantage of this boom. If is often these companies that create headaches for options investors because of their less-than-friendly policies towards withdrawing money from your account.

The best way to approach this is to read reviews on multiple binary options companies and to take stock of what the reviewers are saying. Remember to not read just one review about a specific company. It is fairly common for these companies to finance writers to write favorable reviews so looking for others will help paint a much more accurate picture of the real situation. Consequently, if you can leverage the learning of others to help you make the right options investing decisions, then that helps you avoid the headaches that others went through when they were only starting to invest in binary options. When you find one you like, find out if their online binary affiliates are making money to see their popularity.ย 

Once you have a shortlist of brokerages to choose from, take the time to talk to their customer service representatives. On most binary options websites, you will find links to customer service contact options most notably via chat, email or phone. Talk to a representative and ask the questions that are not answered in the FAQ page. For example, are there withdrawal limitations for that specific company? Some brokers do not allow you to withdraw your profit until you have made an x number of transactions or withdraw an x amount of dollars. If these numbers begin to look unreasonable to you, then back off and talk to other representatives. You want to earn and easily get the money that you earned so choosing the brokers with more convenient policies will help you invest in binary options more sensibly.ย 

With most broker payouts at roughly the same levels, the differentiating factor for brokers will be the customer service support and ease and convenience that you get out of their service. Make sure to find out all the relevant information before committing yourself to a broker so you donโ€™t end up regretting your decision for investing with one particular company.

71 Responses to “The Lowdown on Binary Options Brokers”

  1. Orlando January 10, 2013 at 1:23 pm #

    I wish to begin to make money buying and selling binary options. What’s The Best Binary Option Buying and selling Service?

  2. Sana January 10, 2013 at 3:50 pm #

    I lately learned about a brand new type of online buying and selling known as binary options. Where is the greatest spot to trade binary options? The best idea company?

  3. Ralph January 13, 2013 at 12:18 am #

    Will it be for people who don’t put on the cash or qualifications to obtain approved for any real options buying and selling account? Will it be for individuals who can’t learn how to select a strike cost?

    I am unsure either individuals described why people would trade them. Could it be something which people normally wouldn’t do if they’re skilled at traditional options? Do people trade them when they can’t obtain the money together to spread out a genuine options buying and selling account? Will it be for quick-money bettors? Individuals who can’t cost calls and puts?

  4. Heriberto January 13, 2013 at 11:18 am #

    I attempted lately to alter my activities from the full-time employer to some binary options trader.I opened up a merchant account having a broker but however , I’m losing .Can any body produce some hints to create some gains ?Pehaps we are able to share exactly the same activity and interact?

  5. Curtis January 14, 2013 at 8:04 am #

    You will find some foreign exchange company which will predict the movement of foreign currencies for example USD/JPY, EUR/USD, EUR/AUD right now and withing the following couple of hrs, please if anybody knows one provide it as being it provides 90%-100% assurance individuals betting and winning your wager on Binary Option. Do not publish solutions that woun’t help.

  6. Torie January 17, 2013 at 2:34 pm #

    I am buying and selling quick binary touch choices on DAX 30, FTSE 100 and DJIA and i’m frequently surprised by unpredicted unpredictability. I personally use foreign exchange calendars but it is still insufficient. I want a desktop news application to provide me the financial news instantly, with alerts. I do not require a professional means to fix produce a variety of charts along with other information, I simply need live financial news with alerts to ensure that I’m able to duck when unpredictability is incoming.

  7. Salvador January 21, 2013 at 5:25 pm #

    I had been reading through your blog that stored speaking about binary options buying and selling rather than options. It stated that binary options buying and selling would be a lot simpler especially whne buying and selling within the Foreign exchange Buying and selling marketplaces.

  8. Hermila February 19, 2013 at 2:10 pm #

    Have you had any luck with these investments? What should I look for?

  9. Callie March 10, 2013 at 8:47 am #

    Hi, I would like to know how much money can I make with the binary option and some good sites
    Thanks !

  10. Rodolfo March 17, 2013 at 4:00 am #

    THE QUESTION IS…… are there any brokers that allow you to invest more than $10000, $100000 or even more at a trade? If yes, which binary option broker can I use? I know its a lot to trade, but I really need to know if there is any.

  11. Issac March 20, 2013 at 7:46 pm #

    So lets say you short a stock at $20 and you then call a “call” binary option at $18 to buy back the shares you shorted, is that a possibility?

    A more in-depth example:

    Lets say you Short Intel (INTC) at $21.00 (Meaning you borrowed the shares off the brokerage or a shareholder and then sold them, without owning the shares), and then you called for a “call” option (meaning automatically buy the shares for you, when it hits a certain price) at lets say $19.00… Can you do that…

    I was thinking you can because it’s basically the opposite of a long call… and a call is just “the right to buy” and a “stop” is a right to sell….

    Anyone know if this is valid?

  12. Walton March 20, 2013 at 11:57 pm #

    Hi everybody. I’m planning to invest my money on trading binary options online but many brokers wants me to send scanned copies of my IDs and I’m afraid that they may use it in identity theft scams or doing crime and use my identity. Has anybody had bad experiences with binary option brokers?

  13. Tammy March 21, 2013 at 4:58 am #

    I’ve been trying to find one, but they’re all a joke. I want to learn a method that works. Does anybody know where I could find a website that has strategies that work and not just affiliate links. I know trading is never 100% but is there any strategies I could learn that work.

  14. Jeff March 21, 2013 at 7:07 pm #

    I was wondering can we seriously make money with binary option or is it just another fraud scheme. I have seen some people who claim they are making $500 every day. Well, there is nothing like easy money on the internet. Please advice.

  15. Ricardo March 22, 2013 at 2:00 am #

    well, i understand how users (traders) make money. but my question is : since they( option companies) don’t take commission on the transactions how do they make profits?

  16. Cherise March 22, 2013 at 2:06 am #

    I am really interested in binary options, but i have heard about alot of scams, is this site legit? tell me your story.

  17. Noemi March 22, 2013 at 4:28 am #

    I want to play the internet to make money, I have not tried online gambling as in casino games but i wouldnt mind. anyways…

    is it strait forward to make money on binary options? or are the odds against you? Please let me know all the details, some people make serious money from it, thanks…

  18. Zita March 22, 2013 at 11:02 am #

    I just started trading on empireoption.com and other than showing me which way other investors think the stock will go, I don’t understand how to make an educated decision on whether the asset is going to go up or down.

    Any tips or suggestions are helpful ๐Ÿ™‚

    Thanks!

  19. Slyvia March 23, 2013 at 8:05 am #

    Binary Options is a legit opportunity but it is impossible to find a legit company online because of all the scams. Does anyone know how to find a legit Binary Option broker? My understanding is that there are none in the US only abroad. I am looking for one that is regulated by the CFTC -Thanks, David

  20. Connie March 23, 2013 at 10:34 am #

    i want to trade in binary forex option . But first of all i want to know that how binary forex option brokers earn. If they earn from loss of money of a client then it is scary. So i want to the method of earning of binay forex option brokers.

  21. Danilo March 23, 2013 at 11:12 am #

    I would like to know if anyone has had any good outcomes with binary options or even bad ones. But then tell me why you it happened that way. Just describe your situation please. Thanks!

  22. Kevin March 24, 2013 at 1:34 am #

    I’m thinking about investing into a Binary Options company to begin trading. However comments on the web seem to be mostly conflicting. So can any Binary options websites be trusted? such as anyoption.com. Also if some can be trusted please could you recommend them to me

    thanks

  23. Nettie March 24, 2013 at 3:18 am #

    Trading binary options is a simple thing due to its binary characteristic. But making money consistently using this new kind of financial trading is another thing. That’s if you don’t want to trade like gamblers. Do you trade binary options? Do you have some kind of strategy or system that guarantee winning?

  24. Huey March 24, 2013 at 6:34 am #

    What is your chances of succeeding with these options?

  25. Louise March 25, 2013 at 3:47 am #

    i.e. 1001/10010.I know I can do this by using the scientific calculator option, but can you do this manually, pen and paper style?

  26. Melodi March 25, 2013 at 2:24 pm #

    1.Mitosis involves two rounds of divisions, whereas binary fission only involves one round of divisions.

    2.Mitosis takes longer because it involves more chromosomes and is a more complicated process.

    3.Binary fission involves multiple chromosomes, while mitosis only involves one circular chromosome.

    4.Binary fission takes longer because prokaryotic cells are more primitive and slower than eukaryotic cells.

  27. Leo March 26, 2013 at 11:14 am #

    So im 15, and I need some cash, because I want to buy another guitar. So I was wondering if investing with binary options is a good way to make money

  28. Sandy March 26, 2013 at 9:37 pm #

    I trade binary options, found in sites like EZTrader, AnyOption, StartOption, etc, in which you “guess” the movement of a certain stock within an hour and I need advice to make my predictions more accurate.
    Can anyone tell me where I can find some?

  29. John March 27, 2013 at 7:58 am #

    What binary options trading platforms are available that trade using daily, weekly, monthly ladders?

  30. Hubert March 28, 2013 at 8:22 am #

    hi, i ve recently gotten into binary options on 24option.com. i was wondering what other sites are recomended. obviously im trying to avoid scammers. thanks

  31. Omer March 31, 2013 at 6:29 am #

    I know there are many binary option broker out there, but most of them don’t accept paypal, and even for the rare few brokers who do, the paypal option is not available for Singapore.

    Does anyone know of any binary option broker that accepts paypal transactions (at least for payments) for Singapore? Please don’t tell me to use credit cards (I don’t have a credit card) or other payment processors (Paypal is easier to transact for my bank)! Thank you.

  32. Daniela March 31, 2013 at 9:31 pm #

    It is a binary options sight that seams to be pretty legit.My problem is tho i don’t have a credit card and do all of my banking through pay pall so how do i deposit and withdraw money?

  33. Hui April 2, 2013 at 11:37 pm #

    Looking for a trading platform, that runs locally off the computer via a software package. Everything we have come across is web-based and runs via java and flash. The site locks up constantly, and we lose trades. We are trying to trade large amounts of cash in 1 minute on binary options. Anyone know of a trading platform similar to a Forfex?

  34. Dee April 21, 2013 at 6:50 am #

    Im tihnking about moving onto binary options to make some money, how easy is it to win on say banc de binary? Is it a scam in any way? how easy is it to loose?

  35. Bryce April 21, 2013 at 8:12 am #

    Options of its answer are the following:-
    A: An organism having elongated nucleus with constriction in between
    B: An organism having two nuclei with constriction in between
    C: May be any one of the above
    D: None of the above

  36. Felipe April 28, 2013 at 4:28 am #

    I can’t stress enough how little of a damn I give about how “difficult” or “pointless” writing a program in binary is.

  37. Vince April 29, 2013 at 10:36 am #

    To start trading in binary options What requirements to be fulfilled for an individual in india?

  38. Marcia May 7, 2013 at 11:55 am #

    I know the brokers profit from the wins and losses in binary options from the investor but say for example if the member deposits 5,000 dollars and gets a 5,000 dollar bonus and say the investor lost his five thousand dollars but still has bonus money and makes alot more with that bonus money to make up for his lost money, How is the company/broker profiting and where is the winning money coming from when you win money on Binary options sites? I’m confused, does it come from the company but how are they going to let you just make money on their money?

  39. Raymond May 8, 2013 at 12:51 am #

    I tried recently to change my activities from a full time employer to a binary options trader.I opened an account with a broker but the problem is that I am losing .Can any body give me some hints to make some gains ?Pehaps we can share the same activity and work together?

  40. Alfreda May 9, 2013 at 4:56 pm #

    What is the best Binary Option Broker in 2012 ? I’m looking for some information about the best Binary Option Broker in 2012. Tell me the best Binary Options Broker in 2012.

  41. Emerita May 20, 2013 at 1:48 pm #

    I want to start making money trading binary options.
    What Is The Best Binary Option Trading Service?

  42. Merrill May 23, 2013 at 6:56 am #

    can someone tell me how Binary options trading works? What do you do how can you tell what the markets are going to do. Whats a good thing to invest in ? how do you make money from it?

  43. Anibal May 23, 2013 at 11:57 am #

    So, and this is a yes or no question, I am planning ti sign up for the Traderush binary options platform site, and I’m under 18. So i was wondering, since it has to do with money and making money, the terms and conditions say you can’t be under 18, or a minor. So will i get reported or will they not let me withdraw money from my account?

  44. Eugene May 23, 2013 at 7:50 pm #

    I value answers both from beginners and experienced traders but not from people who never traded binary options.

  45. Louis May 24, 2013 at 6:01 pm #

    I have heard of binary magnet, binary profit sniper and all sorts of robots for binary trading – what actually works out of these?

  46. Waldo May 26, 2013 at 5:53 am #

    I recently began using binary options. I have developed a strategy that depends on a forex pair (eur/jpy, eur/usd etc) alternating puts and calls over 30 minute intervals.

    Example: Eur/usd, goes from 1.3 to 1.4 between 10:00-10:30 (call) then 1.4 to 1.35 between 10:30-11 (put) then goes from 1.35 to 1.42 (call) between 11 -11:30.

    Is there any financial indicators that I could use to choose which forex pair best exhibits this sporadic alternating pattern of puts and calls at 30 minute intervals?

    Thanks!
    @ jerry thanks for your input, i understand the risk and regulation issues, i did not explain my method in detail, but it has been working so far so I intend on continuing.

    Id appreciate if future responses actually respond to my question rather than give me your opinion on binary options.

    Thanks

  47. Glen June 11, 2013 at 2:57 am #

    Need to trade binary options for $$$ but can’t find the right times.

  48. Benny June 11, 2013 at 7:58 am #

    Like Cedar Finance, Zoom Trader. Any Option EZTrader etc.?
    If so did the withdrawal process go smoothly?
    Do you feel like its rigged or a scam?

  49. Patricia June 11, 2013 at 8:07 pm #

    I want to trade with binary options and need serious LIVE stock charts. I know where i want to trade but their charts are bad (read crap). I need separate charts. using different site to trade is not an option.
    thanks ๐Ÿ™‚

  50. Kellee June 12, 2013 at 1:09 am #

    I just started trading on empireoption.com and other than showing me which way other investors think the stock will go, I don’t understand how to make an educated decision on whether the asset is going to go up or down.

    Any tips or suggestions are helpful ๐Ÿ™‚

    Thanks!

  51. Jessi June 12, 2013 at 9:58 pm #

    I want to be able to chose the individual day that the option expires for stocks. I’ve seen trading platforms like this, but not for stocks. Does anyone know of a good platform where you can chose the expiry time?

  52. Winona June 13, 2013 at 11:22 pm #

    Some web site say that Binary Options can make you a great deal of money. Other say it is just like gambling, and that most people loose money. Is there a reality.

  53. Cyrus June 14, 2013 at 3:16 am #

    There are some forex company that will predict the movement of currencies such as USD/JPY, EUR/USD, EUR/AUD at the moment and withing the next few hours, please if anybody knows one provide it as it gives 90%-100% assurance of you betting and winning your bet on Binary Option. Please don’t post answers that woun’t help.

  54. Kareen June 14, 2013 at 7:56 am #

    I’m thinking about opening an account to start trading using the binary option methods. Pros?
    Cons?
    I understand that it is somewhat the Vegas of stock markets.
    Is there one site better than the other?
    Does anyone has success stories and/or strategies?

  55. Elbert June 14, 2013 at 11:15 am #

    A Cyprus-based binary options broker is not returning my account money. If you do not know what a binary options broker is, Google it. This has become quite serious because we are talking around ยฃ5,000. My question is, is it possible for me to hire a British lawyer to take up my case?
    This broker, as with most BO brokers are based and regulated in Cyprus. All but one are illegal in the United States. An update – I already have a Cypriot lawyer on board!! The money will be returned, it’s just that I might have to end up taking them to court.

  56. Aubrey June 14, 2013 at 12:33 pm #

    I’m just wondering how long binary options will be around in the U.S.? Does anybody know any information about if they are illegal, and how long they will be around for?

  57. Sharolyn June 14, 2013 at 10:26 pm #

    i recenetly came acroos a revolitionary stockng system called as binary option trading i have done my research and still doing research how realiable is it?? help me out guys. And which website offers the best?

  58. Oliva June 15, 2013 at 3:59 am #

    I’m looking to get into binary option trading but I am having a hard time finding a good place to start. I am going to start small and only start with 100 to 150 dollars until I have enough experience to do more.

  59. Callie June 15, 2013 at 8:29 am #

    I want to know who pays a rader when he is trading binary options.If the company he has his account with ,then I can assume that he will never make any benifits .They will not let things in his favour.But if a third part does .perhaps things will be different.

  60. Darci June 15, 2013 at 6:28 pm #

    I recently started trading options with banc de binary and i would like to know what experiences others have had with trading on this platform as well as binary options trading in general.

    Thanks in advance for your insight?

  61. Lemuel June 15, 2013 at 7:23 pm #

    I want to try trading in binary options, but I want to try this with fake money first. Is there any website where I could do that?

    Thank you. ๐Ÿ™‚

  62. Shanda June 16, 2013 at 11:14 am #

    Different Brokerages offer different bonuses. All of them pretty much have the same assets available. What is important when choosing a brokerage?

  63. Sana June 21, 2013 at 1:31 am #

    Hi, everyone

    I would like where can i practice 60 seconds binary options without funding my account?
    Who offers demo accounts with this porperties?

  64. Nestor June 21, 2013 at 12:02 pm #

    is there anyone giving live binary signals free?

  65. Nolan June 26, 2013 at 9:39 am #

    I need to trade binary options successfully, How?

  66. Timmy June 26, 2013 at 11:54 pm #

    I’ve heard about all these binary options systems and mca postings. I just want to know what sites are actually decent. I’m not looking to get rich but I do need some extra income

  67. Pura June 29, 2013 at 12:46 am #

    Yes, I know binary options is super risky and all that, but for me its worth it.. I could really use the extra cash. Are there any sites that are legit?

  68. Cornelius June 29, 2013 at 9:16 pm #

    StockPair offers a bonus to binary options traders, and mentions a return of 350% on each trade. Have you already traded stocks and commodities on StockPair? Did you have a positive experience? And where can I find new bonuses for StockPair.

    I want to try both Binary Options and Pair Options.

  69. Jenell July 21, 2013 at 9:27 pm #

    I would like to find out how to trade in binary options by identifying and replicating the time that most traders make their put or call.
    To be specific, I would like to know how to identify and replicate when most institutional traders load or unload their shares.

  70. Shanell August 27, 2013 at 2:48 pm #

    Do I need a license to trade binary options for others using my autotrading software hosted in the uk ?
    I am planning to run an automated binary options trading platform hosted on a server in the uk. Client’s trading platform will be hosted on the server and trades will be executed on their behalf. Do I need a license and how do I obtain the license?

    Also i understand many binary option brokers don’t have there own open API, which from my understanding it shouldn’t matter i can still connect…

    Is there anyone on here that runs a auto trading service?

    Thank you

  71. Isreal August 28, 2013 at 7:08 am #

    Does anybody know how to make some money with Binary Options? I want to get more involved with this form of investing, but I haven’t the slightest clue on how to read the market and make some real money with this.

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