Binary Broker Search Criteria
Investing in the stock market has always held an appeal to people who have spare funds. However, it is an expensive investment tack and can result in the loss of large sums of money. Binary options have become extremely popular as it represents a cheaper way to access the investment potential of the stock market with a drastically reduced level of risk. This is because you are trading in an option, the theory if what the price of a specific asset will do, you do not need to purchase the actual stock.
To invest properly it is essential to use the services of a broker; in fact, it can be difficult to choose the right binary options broker; the software they offer must be easy to understand and user friendly and you will, almost certainly, want a good customer service team. There should also be a good range of incentives to ensure you can make the most of your funds. If you choose the right one, they will help you to obtain a good rate of return and guide you through some of the trickier principles. The following criteria should be considered when choosing your broker:
Binary Options Deposit And Withdrawal
All funds can be deposited with a binary broker through a variety of different methods. It is common to use credit and debit cards as well as bank wire transfer, although there are many other options available. Every type of deposit and withdrawal can attract a fee; it is essential to be aware of what these are before you sign up with a broker; they can make a big difference to your returns.
Binary Options Deposit Bonus
Many of the binary options brokers offer to match your initial deposit, although there will be terms and conditions applied to this. The most common condition is that you will need to invest a certain amount before you can withdraw any if your bonus funds. However, money for free can be a powerful incentive!
Binary Options Deposit Size
The industry standard deposit is between $200 and $250. However, there are several binary brokers which require less than this; which can be beneficial when you are first sampling binary trading. A secondary part of this is knowing what the minimum trade is that they will accept; this can help your initial funds go further.
Binary Options Tools
Every binary broker will provide a selection of tools which will help you to decide the right trades. You should consider which tools are available with each broker and which are most likely to be useful to you.
Binary Options Demo Account
The majority of binary brokers now offer a demo account, usually for approximately five days. This provides you with the perfect opportunity to assess the platform they are offering and familiarize yourself with the tools at your disposal.
Binary Broker Customer Service
It is essential that they have a good customer service department which can be easily contacted, is friendly and have a good understanding of the various possible trades.
The more experienced you become the more likely it is that you will want to trade in different assets and more than one asset at a time. A good broker will allow this facility and you should check this before you start trading.
Binary Options Trading Expiry dates
These are important and you need to choose a binary options broker which offers daily and preferably hourly expiry dates; this will allow you to choose the trade which best suits your projections.
Binary Options Rate of return
The best binary options brokers offer a rate of return between 75% and 95%, it is essential to choose one of these brokers to maximize your potential returns.