Binary options appears to be a new addition to the financial markets and investment portfolios. However, it has been possible to trade in these options since the 1970’s. Initially this was completed outside of the stock market but the change in legislation in 2008 has revitalized the industry; there are now hundreds of binary options brokers.
A binary trade provides you with the opportunity to predict the price movement of a specific asset. You do not need to use specific values, the direction of movement is sufficient. The outcome of any trade is either a good rate of return or a loss of your investment; hence the term binary.
There are so many binary options brokers offering their services to US traders it can be extremely difficult to know which the right one to choose is. The right broker will inspire confidence and take good care of your money whilst offering fair trade opportunities.
Part of evaluating a broker involves looking at any online reviews you can find. However, they should all be read carefully. A negative review can be the result of a fall out and a positive can be produced by the broker itself! It is better to see the overall trend on a social media site. It is important to consider where the business is registered and whether it is regulated or not. You should also check the financial standing of the broker; they should have a solid financial footing which will ensure they can repay funds when needed. In the US this is a better test of the binary options brokers as there is an excessive amount of legislation making registration as a US broker virtually impossible.
It is, therefore better to select binary options brokers who have consistently shown they are serious about looking after their customers and offering a fair service. A secure, customer orientated trading environment is essential. The following two brokers both fit the bill:
Although this broker only started trading in 2014 it has established itself as one of the best binary options brokers currently available. Much of this is connected with the promise of all withdrawals being processed within one hour and an excellent range of bonuses; including a weekly draw with the top four traders receiving twenty thousand dollars in their trading accounts.
This broker also offers a comprehensive education section on their website. It is designed to answer all your questions and provide a good range of information regarding the best strategies and types of trade. You can even trade across the weekend! They are one of the few binary options brokers which still accept US traders and even offer returns as high as ninety percent.
Alongside the excellent withdrawal facilities Finpari offer three levels of binary options trading account. The basic attracts a twenty percent welcome bonus; the middle account is fifty percent with the highest level account receiving a one hundred percent bonus. All accounts gain access to the impressive educational facilities and the top two accounts also benefit from three risk free trades.
The site uses the popular SpotOption software which ensures it is familiar to many traders and will also allow you to monitor and even copy other professional traders. This can be a great way of improving your skills. You can trade remotely through one of two purpose built apps and you can even access an auto trading account. The customer support team is friendly and helpful; regardless of the time and whether you contacted them through email, phone or the impressive live chat facility.
With a good range of payment options, a ninety percent return on investment and a choice of languages for customer support this is one broker any US trader should consider.
This is a newcomer to the binary scene; it only opened its doors in 2016 and is fully regulated by the UK financial authority. These are some of the strictest regulations in force anywhere in the world. Because they choose to abide by these terms they are able to offer their services to anyone; even US traders.
Binarymate is the first of the binary options brokers to use live video chat. As well as being able to chat at any time of the day, you will have a live video feed. This will inspire confidence and help you to find out the answer to any question.
As with Finpari, they offer an excellent range of educational materials. The initial deposit is set at a reasonable $250 and you can choose to invest in trades for as little as $1; the maximum is $10,000. They also offer a one hour withdrawal service and an excellent range of assets which work alongside the maximum return rate of ninety percent.
Binarymate also offers a range of tools designed to help you trade successfully, whether a new trader or experienced. They also offer the ability to trade with automated software and offer customer support in several different languages. The account options, levels and welcome bonuses are in keeping with those offered by Finpari, as is the range of payment and withdrawal methods. Binarymate can offer its services to US traders; it may be very difficult to choose between them and Finpari!