THE HOT WINDOW
Part one: Getting the right broker for you
There is no doubt that binary options are quickly gaining popularity because of their extremely lucrative profit potential. Because of their popularity, they attract many dishonest brokers that are simply trying to take advantage of new traders that might be less knowledgeable about the industry and less resourceful when it comes to finding a good broker.
A good brokerage service is important for fast trades, fast payouts, quality and accurate information, quality online trading and user-friendly systems, quality customer service, just to name a few of the conveniences you should expect from a brokerage. A good brokerage can be your best partner when trading binary options. So how do you find a good broker, in the sea of brokers out there?
Chief Binary Options.com came into fruition from the stumbling block that finding a good broker can be. We’ve tested and reviewed many binary options brokers, and list only the best, and most reliable brokerages on our site. Out of the brokerages we find, we list our Top 5 that after our rigorous review, we think offer the most out of a brokerage service.
Tips for picking the right broker for you
After having a list of good reputable binary options brokers to choose from, there are additional features a broker can provide that will make their brokerage more comfortable for you to trade through. Here is a list of tips that will help along the way:
Brokers offer different online trading platforms. You want to find an online system that’s comfortable for you. Look for user-friendliness, and easy-to-get-to features. Over time, your experience with online trading systems will also help you choose a system that works comfortably with your trades.
Brokerages list many assets that range from companies, to commodities, for you to trade. Choosing a broker that has a larger variety of assets increases your opportunities with binary options, so look for a broker that offers the ability to trades on many different assets.
With many assets you will also have various expiry times. Expiry times will vary because different investments have profit yields in short term periods, and others in long term periods. When you have a broker that offers assets with daily, weekly, and monthly expiry times, it give you the opportunity to be diversified in your investments’ returns.
In the daily activities of trading, many times things become confusing, like the differences between cash-or-nothing binary options and asset-or-nothing binary options, as an example. A strong, and resourceful customer service is a key ingredient when picking a broker. Many times customer support will provide you with reading material that can become very helpful in future trades.
Our site also lists trader’s experiences with different brokers in the Reviews section. Read through the different reviews to learn what their experiences were like.
Payout methods can vary between brokers, and you want to find payouts or fund releases that are comfortable yet convenient for you. As your trading activities grow along with gains, you’re going to be pretty specific about the types of payouts you desire. In the beginning, its good to find a brokerage that offers variety with payment methods.
Following these tips will partner you with the right broker, and will help you enjoy the process of trading.