Binary Options is becoming more and more popular, more people are learning about it,more brokers are pouring into the market with the creation of more trading softwares. The market has experienced an exponential increase in size such that one can easily find it difficult deciding what steps to take.The burgeoning market of Binary options is replete with lots of scam brokers who are out there to deceive the unsuspecting trader giving binary options a bad name to an extent that some powerful persons have called for it's closure.
Solid Binary Options therefore made it a priority to enable it's customers escape these unscrupulous brokers in the market. There is good news because we will provide you with adequate information to enable you select from among the best binary option brokers in the market.
Every now and then lots of traders engage in a painstaking search for brokers to trade with before they decide to deposit their money with them.It is incumbent on Solid Binary Options to provide you with every information necessary that will help you make the right choices.We have been able to compile a list of trusted,regulated or licensed binary option brokers for all customers.
There are several trustworthy and regulated binary option brokers in the market online such that we have dedicated this page to helping traders find same. We believe you trust us to have reviewed the selected brokers on our page and help you out with your difficulties and questions on issues bordering binary option brokers . If you settle for the brokers we promote you are certain to have the best experience in trading there is. Solid binary Options only project regulated binary option brokers so that customers can trade with confidence.
It is of paramount importance that traders get to read our best broker reviews before selecting a broker. These reviews of top binary options brokers will go a long way in revealing needed characteristics and present lucidly enough information that is hidden to everyone else. We have decided to follow a simple format in keeping traders well informed, two basic information there is, one, the features of a broker that will aid successful trading, two, packages provided by the brokers to ease trading or whet the appetite of the trader.These are very hard to obtain or even non existent with scam brokers.
We ask the following questions before choosing brokers for review, these questions with the answers provide succinct explanations addressing the two divides mentioned above.They are
- Is the broker Licensed? -Regulated brokers remain the best, so we only provide information on brokers whose activities are checked by relevant authorities
- Does the broker offer any bonuses? - Bonuses are a good way of attracting traders this makes it commonplace among brokers, it is therefore our work to provide you with the strings usually attached to these bonuses.
- Is the inquiry section good? -time is very crucial to a binary option trader because the market doesn't take permission from anyone before it changes therefore we try to test the customer support to know how long it takes to get a response.
- Are there special features?- most brokers try to be unique in every way possible so we have decided to make known to traders how each broker differ from the other.
- Can payment be made so easily?- if there are hidden payments we get to warn traders
- What are the available trading platforms? - there are different trading platform which we tried to review.We have written review on different robots which you need for your trading.
- Is withdrawal difficult? - when the prerequisite for making withdrawals is herculean we inform traders.
- What are the available assets? - many traders prefer brokers that offer a wide range of assets,
Solid Binary Options is the best place to find all about the best binary options brokers and we have put a lot of effort into tracking the changes in the industry that can affect traders directly and indirectly. As mentioned previously, the reviews you read will definitely differ from one place to another. You will find various websites like ours that are responsible for evaluating online brokers and will recommend you which broker to trade with. We believe we do the best job of protecting the customers.
Remember that finding a credible online broker will save you a lot of time and money. The last thing you want is your money being stolen just because you didn’t take your time to do your homework. Following these tips will ensure that your trading process will go as smoothly as possible.
Selecting your Broker:
The point of entrance into the binary options market place for traders in this market is through a binary options broker.Brokers hold money on behalf of traders, provide the platforms with which traders can place orders, study the markets and get general information about aspects of binary options outside trading.This is the reason why it is very important for traders to select from among the regulated brokers as we have outlined here for their business as problems with brokers is one of the key factors responsible for bad trading performances by investors.
Things to consider before settling for a binary options broker includes the following:
Regulation in the binary options market has been a very difficult task. This is because traders are in the market for one reason only: to make money. Anything that interferes with this, either in the form of non-payment of withdrawals to traders, or undue manipulation of trading conditions to the extent where traders can hardly ever make money, is simply not welcome.
Some brokers make it very difficult to find out if they’re regulated or not. A good number of the brokers operate under one of these white labels: SpotOption, Tradologic, TradeSmarter, TechFinancials, HelloBinary.com and EZTrader.com. Some of these white label platforms go ahead to provide circuitous CySEC regulation for some brokers but some other brokers like BancdeBinary seek direct regulation themselves. Many customers have met with untold hardship because of this paucity of transparency in regulating binary option brokers.
Cyprus is home to about seventy percent of the binary option brokers in the world because it is relatively easy to set up there unlike in other countries where it is almost considered impossible,the ease of setting up in Cyprus has also made it home to the the good the bad and the evil brokers.This is why the authorities are fighting so hard to put an end to scam brokerage through stringent rules that will make it impossible for cutthroat brokers to set up. Once this is achieved customers can trade confidently investing their money in the markets.
What makes for a good broker is the ability to pay traders as at when due, fulfilling financial obligations is very essential in binary option.Problems arise when there are many requests that exceed the broker’s capacity to pay, and for this in certain countries, companies in the brokerage business must have what is known as a segregated account. The above mentioned accounts are used to keep all that belong to trade.
A brokerage must have enough reserve funds to cater for settlements.Many brokers do not have this capability but still want to remain in business such that issues arise when payment on demand cannot be met. The ability to pay on demand is admirable and traders are advised to settle for such brokers. On a general note processing withdrawals takes about three days and then a few more days for it to reflect in the traders account.
More often than not brokers may have enough to pay traders but however attach certain very tight conditions that must met before withdrawals can be made.Some demand a certain number of trades that must be made before any withdrawal is possible and so on.
Payoff and Platform Features
Although many brokers share identical platform features for traders (for example all SpotOption white labels promote the same training manuals, eBooks and news), the payoff for different assets is one of the most important features for traders to make money. The payoffs for binary options act in the same way as the commission in Pips charged by Forex brokers or the spread size in spread betting. This stems from the fact that the higher the payoff offered by the broker, the lower win-rate you need to break-even.
Typically, most binary options firms will offer a payout of 70-80% for touch/no touch and call/put options but the best brokers offer payouts of up to 90%.This is a clever marketing blueprint used by brokers to beckon on traders.
Some brokers do make assets unavailable when they sense that there is a potential winning trade in the market, this is another attitude of a broker without the proper financial base to cover trade volumes. However this attitude is commonplace among virtually all brokers in the marketplace such that it is almost unavoidable. Having said that some brokers are fond of this so there is need to sift such brokers from others while making use of the latter who do this to the barest minimum. This is why it is good to sign up for a live account and commit as little as possible to test the live trade conditions that a broker provides. If there are signs of excessive manipulation of trading conditions, take your money somewhere else.
One of the best ways to invest your money and earn big returns on your investment is through binary options, but prior to commencing trading, it’s very important that you carefully go through our reviews and ratings to find the best broker for your investment strategy.
This is not just another binary options review site. While there are a lot of websites out there that claiming heaven and earth on the best binary option brokers, we really bring you information from every angle.
Your resolve is to make money and part of that process is choosing the best binary option broker.
That’s why you’re here and you’ll find only the best binary option broker reviews right here for free.
Go through our reviews to ensure that you invest your money safely and wisely with the best broker.
We have a dedicated team of highly skilled and experienced experts that write honest informative reviews without beating about the bush.
Our reviews are updated regularly and you can count on us to help guide you in choosing the best binary option broker for your investments.
It is our heart desire that you make as much profit as possible in your business.