OK, I have decided to trade binary options in order to earn large profits in a short period of time. But what’s next? How can I choose the right broker to suit my trading needs? Is there a platform that has an excellent trading screen?
Let’s first review the advantages of trading binary options.
Binary Options Advantage 1 – Minimal Financial Risk
If you have traded forex or other volatile assets such crude oil or rare metals, you will notice that these markets carry a lot of risk. A lot. In binary options trading, you do not have to worry about leverage or discrepancies, etc.
Binary Options Advantage 2 – Flexibility
The binary options market allows traders to trade financial instruments that cover the currency and commodity markets as well as stocks and indices and bonds. There is no other tool that offers this many assets.
Binary Options Advantage 3 – Simplicity
The outcome is based on just one condition: direction. The trader is basically predicting whether the price of an asset will increase or decrease. In addition, the trader has complete freedom to determine the expiration time and the trade payout percentage.
Binary Options Advantage 4 – Higher Payouts
The payouts per trade are usually higher in binary options than with other forms of trading. Some brokers offer payouts of up to 95% on a trade. The trader will be guaranteed such profit, no matter what. If you are a bad Forex trader, you can wait months without seeing any profit.
Binary Options Advantage 5 – Accessibility
Through other forms of trading, you usually need $500 or $1000 to begin an account. However, binary options has much lower requirements, and good brokers allow people to start trading with just $10.
So, a broker who offers all of the above advantages while also having an intuitive trading screen? We recommend IQ Option or Olymp Trade, because both have a wide range of assets and high payouts, and online traders can trade with comfort.