What are Binary Options Brokers?
Binary Options Brokers are companies that have financial platforms and offer negotiations in the Binary Options market. They are those who allow a client to bet from home.
Like in other markets, like Forex, the brokers are needed, since they make the connection between us (traders at home) and the financial markets.
What purpose does the Binary Options Brokers Serve?
They serve to receive the money we deposit into our accounts. With this money, we place the bets in the Binary Options market using their platforms.
Read the full article on Binary Options Brokers below.
Tips from our Professional Trader: 6 reasons to have 2 accounts
Do you know that you should work with more than 1 broker?
Check the 6 reasons why you should have account with at least 2 brokers:
- Each platform has its differences. If you try different platforms you may find those more suitable to your trading style.
- Each broker has his own payouts that keep changing during the day. If you want to open a trade and one offers 60% and the other 80%, you will choose the one with best payout, no?
- Sometimes the brokers close some assets, if you have just one account and you want to trade on that asset and it is closed, you will LOSE that trade, no?
- If there is an issue with your Broker’s platform, or they are updating it you’re not able to trade, unless you have another account with other broker.
- Deposits and withdraws. Brokers keep changing the deposit and withdraw methods, imagine you need cash fast and your withdraw system is closed at that moment on your broker, what do you do?
- Each platform has its owns indicators and trading tools, imagine you found a new stratey and it does not work on your broker because it uses an indicator that your broker does not offer.
Below you can find our main trader suggestions on brokers:
Binary Options Brokers play a key role in this market.
We can say that without the brokers binary options would not exist, at least not for the common trader. In recent years, the advances in the internet and online platforms have resulted in a large growth of business based on online trading.
Activities such as FOREX trading, casino games (poker, roulette, slot machines, etc.), sports betting, binary options, and other instruments have appeared as a result of the evolution in the last 15 years.
The Appearance of Binary Options Brokers
The financial trading platforms, online gaming, and security systems that emerged resulted in the appearance and development of these new companies, which can be easily accessed with a computer and an internet connection.
Known as brokers or brokerage firms, these companies are connected to the financial markets and have online programs where we can negotiate as if we were physically at the various stock exchanges such as London, New York, Tokyo, or Sydney.
They serve as a connection between the trader and the stock exchanges. Around 20 years ago, this connection did not exist, all trades in assets (currencies, stocks, commodities, etc.) were in the hands of the large brokerages and banks.
The small investor didn’t have the knowledge, access, or information to be able to make money in the financial markets.
Today, fortunately, everything is different, there is easy access to information and tools that allow anyone to take advantage of the vast possibilities that exist.
This is not to say that it is very easy, that you just trade and make money. It’s not.
We must learn, we must be patient, know how to lose sometimes, so that in the future we have the knowledge that allows us to make a profit.
With regards to binary options brokers, if on the one hand, we can’t be in this market without them, on the other hand not all offer the guarantee of being a good partner.
The fast growth that this market has achieved in recent years has led to the appearance of hundreds of Binary Options Brokers, some to take advantage of the easy money because there was no regulation in this market until a few years ago.
Some people were swindled; their money would disappear, they couldn’t withdraw their money, it was all very complicated, confusing and without any regulations to protect small investors.
The binary options market suffered from the bad image that some companies created.
Binary Options Brokers and Broker Market Regulation
Then came regulation. Some entities in Europe and America began to regulate activity linked to binary options.
Many Binary Options Brokers have disappeared, but many others remain, even without being regulated, and others were forced to close.
The first rule that a trader should have is choosing the right partner, the right broker. You should always choose one that is regulated by a credible authority.
Don’t base yourself on bonuses, free gifts, or reviews if the broker is not regulated, DO NOT WORK WITH HIM!
He may have been operating for several years and never had problems.
But if one day you have a problem with him, you will have no authority to protect you and your money.
All brokers that are regulated by CySEC of Cyprus (European regulation) are fined up to $10,000 for every complaint that is filed with the CySEC when it is proven client is right.
Thus, it is very unlikely that regulated brokers engage in schemes to steal from their customers.
Binary Options Brokers – The current reality.
Another thing that should be noted is that the various regulated brokers have few differences between them, typically only the details differ from one broker to another.
Some pay a little better, others give better bonuses, and others have more assets available for trading.
But overall, the best are very similar. These are the brokers that should be our partners.
None of the many sites and blogs that I read to learn and compare with my reviews had up-to-date information.
I came to the conclusion that the various sites and blogs that are older than six months have out of date information about binary options brokers.
They did an initial review/analysis and then never verified if there have been subsequent changes.
They have 20 and 30 reviews of different brokers, however, many are uninteresting, unregulated and don’t have the necessary conditions to attract traders.
This market evolves at an incredible rate, it is important to check changes in each broker monthly to ensure we’re not misinforming the traders.
This Blog will have permanent updates of the conditions, promotions, rules, assets, etc., offered by each of the binary options brokers that are part of our portfolio of reviews/analysis.
All information that will be available here will be pre-screened by customers of each broker in order to avoid publishing incorrect information.
Follow the Comparison of Binary Options Brokers page where the main brokers are analyzed and monitored.