How to choose a broker for trading binary options? How to choose the best binary options broker? How to choose the right binary options broker

There are so many companies offering their services on the binary options market that a beginner has a difficult time choosing optimal option. Each organization claims that it is the best, its trading conditions are of the highest quality, and so on.

This time I will tell you how to evaluate companies in order to make right choice binary options broker. I cannot recommend one single organization for everyone, since much depends on the needs of a novice trader.

We filter out unnecessary brokers

For example, you have prepared a list of two or three dozen companies that could theoretically suit you. Next we get down to filtration using the following “sieve”:

• I recommend immediately discarding all organizations whose activities are not regulated (the website of a licensed broker should contain information about the regulator, for example, CySEC, TsRFIN, TsROFR, etc.).
• Decide immediately on the size of the deposit, because many brokers have a minimum account of $200-250, and if you plan to start trading with $10-50, then over big amount proposals from a number of companies will no longer have to be thought about.

1. reliability of the company and absence of problems with payments;
2. high reward for the EUR/USD asset;
3. terminal with technical indicators;
4. 24/7 customer support;
5. the ability to deposit and withdraw money via Webmoney;
6. light background of shopping space.

Each speculator can create his own list of needs, which will help in choosing a broker. For example, if reliability comes first, then we give priority to organizations licensed not only in the EU, but also in Russia, and we also read reviews from broker clients on several sites at once (because they can fake comments on some Internet resources) .

I will be happy to share my experience to make it easier for you to filter companies. Still, many traders have very similar needs, so I’ll try to outline the options.

I’ll start, perhaps, with reliability, because no one wants to risk their money in vain:

• - certificate from the Center for Financial Markets in the Russian Federation, invoices from $10;
• - many licenses, but the main one is CySEC (in my opinion, the coolest regulator for binaries).

• - excellent remuneration rates for all asset groups (accounts from $5);
• Binomo - very profitable to trade major currency pairs (from $10);

24option - excellent The educational center(one of the best - webinars, literature, video tutorials) and a personal manager who can suggest profitable market situation to buy an option).

Multifunctional terminals with technical indicators:

• 24option is a platform with the maximum number of indicators and other technical features. instruments (you can enlarge the chart);
• - large price chart and there are several indicators.

CROFR as a whole, like its European counterpart, performs the same functions. He also has his own funds, which are formed by the brokers themselves when obtaining and renewing a license. In case of bankruptcy, deposits are also returned to traders, who can always turn to the regulator when resolving complex issues. The Russian regulator helps prove the broker’s guilt and compensates for the damage.

The importance of capitalization

From level capitalization the company depends on the risks of losing the deposit. So that capitalization is at high level, the broker must have the license we talked about above and operate on legally. Brokers with low capitalization in 99.9% of cases are simply scams and do not have licenses. It is obvious that when working with such brokers you will most likely lose your deposit and no one will ever return it to you.

With a high level of capitalization, the company has offices and representative offices around the world, all this is necessary for direct contact with traders. Remember: the higher the capitalization, the greater the likelihood of no delays in payments and the integrity of the broker.

Conditions for trading

Transaction conditions also play an important role when choosing a broker. First of all, compare the fees of several brokers you choose. The percentage of remuneration for each of them can vary up to 10%, which needs to be taken into account. After all, with one broker, if the forecast is correct, you can receive 70% of the reward, and with another, less or more.

Make sure the broker has the trading tools you use. The more tools a broker has, the better it is and its authority is higher among other platforms.

Also pay attention to the completion time of the transaction. Some large brokers allow you to complete a trade for more than 12 hours, which is necessary for traders who trade for the long term.

Options with a minimum deposit: the first step towards trading

Many large brokers, wanting to attract more traders to their platform, provide the opportunity to carry out a transaction with a minimum deposit. A couple of years ago only giant companies could afford this, but now many small platforms allow you to top up your deposit with a small amount. This is a great opportunity to try yourself in the financial market by trading binary options. I recommend starting with a deposit in rubles.

How to choose a platform

We have dealt with the criteria that every normal broker needs to have, now let’s figure out how to choose the most convenient and fastest platform.

For complete beginners, I will explain what a platform is. The platform is the software your broker uses to conduct trades and where traders place trades. Simply put, this is one of the parts of the broker’s website in which your account is located and where the trading itself takes place.

Beginning brokers usually use existing platforms, while advanced ones sometimes write their own that suit their preferences and trading strategies. Take a separate look at how fast the platform you choose works. At first you won’t pay much attention to this, but then you will understand that the speed of the platform sometimes depends not only on your convenience, but also on the quality of trading. Speed ​​may change the accuracy of quotes, speed of transactions, etc. All these problems are always a consequence of poor optimization of the platform.

Nowadays, the popularity of trading and great competition among platforms force brokers to meet the needs of every trader who comes to them; they strive to provide the most convenient and safe trading.

Level of service from the best broker

Now let's talk about the level of customer service. Beginner traders often ignore this point, but in vain. The level of the company itself and its authority in the financial market also depend on the quality of service.

How can you check the quality of service? It’s very simple: just call or write to support. Mentally add a couple of points to a broker who has support in Russian. Analyze how clearly, quickly and politely the manager speaks to you. Even if you have studied the platform inside and out, don’t be lazy and ask about current promotions, when you can withdraw money, how to replenish your deposit, and how to go through the registration stage. Don’t be afraid to seem like a stupid person, you are just checking the quality of the broker’s work, he is obliged to answer any of your questions regarding the platform and working with it.

Any more or less large company will answer every question, even the most frequently asked question, let's talk about having our own mobile applications, will offer courses for beginner traders, and talk about demo accounts. The quality of the answers will give you an idea of ​​how well (or poorly) the company's support system is and how seriously it takes the matter.

A few words about payments, since this is also part of customer service. The reputation of the broker depends on the quality of payments, pay attention to this. Every broker MUST pay you, but there are unscrupulous brokers who try, legally or illegally, to delay payment. You can read more about this below.

What you need to know about late payments

Sometimes brokers delay payments and this is not always due to fraud. But now we will talk about common tricks of unscrupulous brokers who delay payments.

The first reason for delayed payments: the trader accepted a bonus from the broker. Sometimes a broker offers you risk-free trades or bonuses without a deposit. By accepting this you must carry out transactions at least 20 times. Only after this you will be able to withdraw your money. Think several times before accepting such bonuses from brokers, read the agreements carefully, read every word, otherwise you risk being left with nothing.

The second most popular reason: the company's disorganized financial department. This is not fraud, but just sloppiness of the broker’s company employees; you should not immediately write complaints to the regulator. Sometimes the delay in payments is also due to the fact that the broker does not have its own financial department and uses the services of non-staff specialists who can work slower than their own financial department. And sometimes payments begin only with the manager’s permission.

At the end of the article, we will briefly list the best, in our opinion, brokers that are reliable and such problems either rarely or never happen to them. If you are still worried about your finances, then withdraw money constantly in small amounts. The turnover of funds from large companies will allow you to withdraw about $1,000 once a week.

Safety when trading with the best brokers

Transactions made on the Internet are the most vulnerable and susceptible to attacks by fraudsters. Well, since all trading is conducted directly in the browser, it is not surprising that the platforms are trying in every possible way to protect the trader, because this directly affects the company’s image and can bankrupt it. When choosing a broker, pay attention to whether the broker’s website is protected from interception of transactions by fraudsters. This issue is regulated by the so-called SSL certificate. Its presence means that all your data is securely encrypted and no one can steal it without your direct participation. Give preference to brokers who have this certificate on their website.

We recommend using the three largest brokers for trading: Binomo, Finmax and Binarium. They have proven their worth and honesty among millions of traders and certainly will not go bankrupt in a day, as happens with many fly-by-night platforms, and will not delay payments for unclear reasons.

Conclusion

So, from the article we can draw a clear conclusion: an honest broker is, first of all, a broker with a license from a European or Russian regulator, a broker with good conditions for trading, a clear contract without hidden information, a fast website, a convenient and intuitive platform and SSL certificates. Always check these indicators with the broker you choose; by following these simple rules you can save not only money, but also nerves. Good luck in choosing the best binary options broker!

TOP brokers discussed on our website

Today is a guest article with a life hack for choosing a binary options broker.

Let's analyze the main selection criteria that will allow you to accurately select a binary options broker. Having carefully studied information about the company’s activities, the trader will determine the potential, professionalism and qualifications of the company.

In the field of trading digital contracts, it operates great amount brokers, but not every company really meets advanced standards and quality standards.

Not to mention the fact that the number of scammers is increasing every day...

Choosing a binary options broker - life hacks

How to start trading options without falling for scammers? The main thing is to adhere to common-sense criteria that allow you to evaluate all the advantages and disadvantages of cooperation with a particular company.

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Criterion No. 1 – work experience and regulation

The professionalism and viability of a broker manifests itself over a long distance, i.e. Almost every company demonstrates impressive potential for the first few months of its existence, and experts begin to predict a great future for the company.

However, just a few days later the situation changes radically, the broker becomes bankrupt, and investors lose their money.

From this we can draw a completely logical conclusion - cooperate with organizations that operate in the binary options market for at least 2-3 years. There are plenty of companies with such experience, so difficulties will not arise.

Secondly, the fact of having a license from a leading regulator is no less important. Which departments are among the audited ones?

First of all, these are CySec, TsROFR, TsRFIN and others. If a broker has received a license, it means that clients’ investments are protected by a compensation fund. In other words, even if the company goes bankrupt, the trader will get his money back.

Fraudsters are not able to pass certification because they do not have the appropriate capital. Therefore, if you have signed a user agreement with a certified broker, you can be sure that this is not another trap.

Criterion No. 2 – the size of the minimum available deposit

Some worldwide well-known companies set an excessively high threshold for entry into the binary market. Of course, for a professional this is a small problem. However, if we're talking about about a newcomer, the situation is completely opposite.

A trader’s lack of experience and professional skills is evidence that it is better not to risk significant capital. It makes more sense to start working with small lots.

Therefore, it seems quite logical to cooperate with a broker who provides access to a deposit with a small investment, and also allows the use of bets of a few dollars.

If for some reason you do not have enough funds to open your first trading account, you can always apply for a loan from the appropriate online service. The portal https://vsezaimyonline.ru/ will help you choose the most suitable conditions.

Criterion No. 3 – technical equipment

Trading performance is directly related to forecasting performance. To create a high-quality forecast, you should use proven analytics.

Therefore, ask whether the broker offers additional analytical services, for example, sending trading signals.

The platform is equally important. Only a terminal that has a reliable connection with the trading server will be able to provide an instant response to user commands and no slippage. Even a minor delay can cause a losing trading operation.

It is desirable that the platform be equipped with a set of tools for technical and graphical analysis. Because indicators will significantly expand the variability of trading.

In addition, mechanical trading strategies are as easy as possible to use.

Criterion No. 4 – trading conditions

Absolutely all terms of the user agreement matter, so carefully study what exactly the broker offers.

For example, some companies pay out 70% on winning trades, while others pay out 80%. At first glance it may seem that this is not such a significant difference. However, this is a big misconception.

Many modern companies offer an extensive list of useful additional functions: early closing of a transaction, doubling of a trading lot, partial compensation of lost funds, i.e. transaction insurance. Without a doubt, the presence of such options will increase the effectiveness of trading.

A demo account is a key criterion for many novice traders.

On a demo deposit, the investor will be able to hone his trading skills and new trading strategies. In addition, a demo account allows you to quickly study the functionality of the broker’s trading platform.

Criterion No. 5 – educational materials

This criterion is of interest not only for beginners, but also for experienced traders.

Remember that learning never ends; every trader is constantly improving his skills by studying advanced forecasting methods, indicators and strategies.

Please note that well-designed training should consist of: in various ways material supply:

• Text – e-books and informational articles;
• Video – reviews of strategies, indicators, instructions for using the platform;
• Graphic – visual study of patterns and complex configurations;
• Interactive – recordings of webinars, online conferences and discussions.

If the broker’s training database contains information in all of the above types, we can say without any doubt that it is truly valuable for the trader, regardless of his skills and experience.

Conclusion

The recommendations given will allow you to accurately select a brokerage firm for subsequent binary options trading. By ignoring the stated rules, a trader increases the likelihood of cooperation with a fraudulent organization, which leads to a quick loss of the deposit.

Therefore, it is more advisable to carefully analyze the company, and only after that sign the user agreement.

Hello!

This service will help you choose a company suitable for your needs for trading Binary Options

In order for us to select the appropriate BO broker for you, please answer a few questions:

How to choose a binary options broker

Traders use two algorithms for choosing a broker to make money on binary options. The first one is long, the second one is short.

A long way comprises:

• formulating selection criteria;
• choosing a trusted site with a rating of binary options brokers;
• compiling a list of binary options brokers and conducting an independent search on each site, clarifying specific questions of interest regarding working conditions that are not presented on the broker’s website in full for understanding.

Short way:

Answer the block of questions - “Which binary options broker to choose?” — a specialized service of the TradeLikeaPro website.

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When choosing a binary options broker, the user of the TradeLikeaPro service will have to narrow down the choice to one single broker, based on the option strategy, the search criteria for binary options trading signals or robots, the presence of binary options indicators in the trading platform, etc.

Operating principles of a broker service for trading binary options

The brevity of the survey questions saves time and combines answers to binary options trading questions:

• a type of binary options;
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• Brief description of the final options for binary options brokers

These answers will help you choose the best binary options within this narrow circle by type, type or special options trading binary options according to the trader's preference.

If a trader’s choice is hampered by the novelty of the topic, gaps in knowledge: option strategies, terminology, binary options indicators, a specialized section of the TradeLikeaPro website will come to the rescue, dedicated to the topic of options trading with a glossary, feature articles and broker reviews.

In the era of popularization of remote earnings via the Internet, binary options have received particular development. Options trading has captured everyone, young and old. Even schoolchildren began to actively study the basics of technical analysis and memorize candlestick patterns, look at ratings, thinking about which broker to choose for trading binary options. Options trading has truly made trading easier and more accessible than Forex.

In binary options everything is much simpler - 300 rubles and start earning millions. At least that's what the advertising promises. Everything is simple at first - select a trading asset, make a forecast and press one of two buttons - Up or Down. In fact, you will lose more than one deposit before you learn to break even, not to mention stable earnings.

Many people give up at this stage and forever forget about the imaginary success in Forex (as they think). To successfully trade and, you need not only to learn how to correctly predict price dynamics, but also to choose a reliable and correct binary options broker.

Many traders do not pay due attention to this issue, but in vain. Even if your strategy is profitable, if you choose a fraudulent broker, you will not be able to withdraw your funds to an electronic wallet or bank card, because he will simply use all sorts of excuses to refuse to transfer your legitimate earnings, or even take all the clients’ investments and flee to warm countries. This happens all the time.

It is for this purpose that Black Lists of binary options brokers were created, which are regularly replenished and updated. I advise you to regularly check them to see if there is a potential broker among the deceivers. If you are not satisfied with this method, I offer you a list of criteria for selecting a reliable binary options broker.

General criteria for choosing a binary options broker

In fact, the best criterion for selecting a broker is time. Fraudulent brokers usually do not exist for more than a year. But if a company has been successfully providing services in the field of binary options and Forex for ten years, then it deserves our trust! During such a period of time it is impossible to deceive clients and not get burned.

Russian language

Most brokers are registered outside our country; their official website is written, accordingly, in their native language. But if a company provides services in Russia, then you need to try and make a Russian-language version of the site.

And this is where you can immediately spot fraudulent brokers, as there are grammatical errors everywhere, and they are so ridiculous!

Trading platform

All necessary trading instruments should be present here:

• indicators;
• graphical analysis panel;
• assets;
• news;
• analytics;
• video training and theoretical section;
• convenient Personal Account.

In general, the trading platform should be comfortable and have everything necessary for successful analysis. And no slipping or freezing!

Technical support and managers

Intrusive managers are a sign of a dishonest broker. If they call you more than three times a day, it is better not to contact such a company at all. At leading brokers, employees either do not call at all, but contact via Email, or contact the client only a couple of times on special occasions.

Financial criteria for selecting brokers

You need to be especially careful in this matter. Since you can put up with the inconvenience of the trading platform or insufficiently competent managers, but if you notice financial problem You shouldn’t close your eyes to it.

Return on assets

Standard yield is up to 90%. On the Internet you can already find up to 900%. What fairy tales! As a rule, such inflated returns are present on those options that are more reminiscent of playing roulette than fair trading.

Bonuses and special offers

Dishonest companies lure customers with numerous bonuses and very tempting offers.

The broker starts handing out bonuses right and left, which are two to three times the size of your deposit. Sometimes you don’t even need to deposit money. Only then you need to earn these bonuses by making a trading turnover that is 20 times greater than your initial capital.

And no-deposit bonuses are absolutely wonderful - when you want to withdraw funds from your account, the broker will still require a contribution from you real money before applying for withdrawal.

Minimum deposit amount

It should not exceed $200. In general, now there are decent offices with a deposit of 10 dollars. If a company requires you to pay $300 or more, it is better not to deal with them.

Withdrawal of funds

Usually this is the most effective way check the broker for solvency and reliability - register, make a minimum deposit, and then withdraw it. If there are no problems, you can safely trade.

Otherwise, you will have to be patient and file complaints with the regulator. Reliable brokers constantly work on their reputation, so they do not allow complaints against them to appear on the Internet.

Regulatory Authority License

The broker must first of all be regulated and have licenses from those regulators in whose countries it operates. Therefore, carefully check the information about available licenses not only on the broker’s official website, but also on the website of the regulator itself.

The strictest regulators are FCA, CySEC, MGA, TsROFR (Russia). If your broker has passed their check and received the appropriate document, you can be confident in the reliability of the company.

Quotes

The first is the reliability of quotes. They should only be from leading suppliers such as Thomson Reuters. If, when comparing, you notice a difference of more than 5 points, this is a reason to think whether the broker is drawing his own profitable chart and whether you should trust your assets to such a binary options broker.

The second thing you should pay attention to is the possibility of trading on weekends. If the stock exchange and banks are closed on weekends, on what basis do the schedule and quotes change? Yes, some will say that over-the-counter trading is quite real. I won’t argue, but there’s no point in giving a broker a reason to cheat with quotes.

Trading conditions

Before you start trading, you should test the platform on a demo account, which is a must. If it is not there, or you need to deposit real money before using the demo version, you should not contact such a broker.

Besides large selection available trading assets, the broker must have many auxiliary trading tools, indicators, expiration options, etc.

Training and Analytics

Any self-respecting broker should have a full-fledged training section, which includes literature, theory, practice, training videos, and regular webinars. It is desirable to have a section with ready-made strategies that were tested by company employees and showed really high profits.

Results of choosing a binary options broker

It is really difficult to choose a good company, but this is a very important stage that requires a lot of time and effort. Your future earnings depend on your choice of broker; this is the first step towards establishing a career as a trader. Chat with other traders on forums, ask their opinion, maybe someone has already tested and traded on the platform of a particular broker.

Always look at broker ratings and their blacklists, stay up to date with news from the binary options industry. If for some reason you are not satisfied with your current broker, or you have heard complaints from other clients about him, immediately take the money and go to another one! This is definitely not worth saving on.

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