Binary Options Account Opening

What should I do after signing up on a Forex broker?

In the previous articles, we provided some advices on the selection of an appropriate trading platform – the one offering the best technical features, efficient payout return rates, and the adjustment to diverse devices. The next step after selecting a trading platform is choosing an optimal account type. The process of account registration is quite simple. However, consider that there are some requirements to be fulfilled prior to getting signed up, which would ensure the security of funds stored on your account.

InvestManiacs suggest you to use only reputable binary options robots. Try Option Robot

The Requirements on Account Registration

The personal data that has to be provided by you while registering binary options account includes your name, the place of residence, email, password, and the payment method that you want to use. Some BO trading brokers require your phone number to be typed in as well with the aim of identity verification or as the connection channel, which may be used as the means of the support service getting back to you. Nowadays, many trading platforms consider phone as the most convenient method of communication between traders and the customer service. It is considered that communication over the phone with specialists from the BO support team takes not much time and is easy to sustain since, with this channel, you can be reached whenever you are. There are also some brokers that will ask you to type in the data about the preferred payment method. However, it is rather rare since the most platforms offer their services on demo accounts first.

The Types of Accounts

There are, usually, two account types that may be generated by traders on BO platforms. One of them is a real account, where your funds will be stored. The second account serves for keeping virtual money from a demo account. We always recommend registering on a trial account since this version may serve as a good basement for practice and strategies’ verification. In case a trial account is chosen by you, you do not have to provide any payment data while registering on the broker. In this case, you are automatically referred to the trading broker interface and can start trading either on a downloaded or a web-based platform.

Account Verification

There are certain security measures that are applied by brokers when the new accounts are registered. The aim of this is ensuring that your funds can not be damaged through money fraud or identity theft. The prevention of money fraud is sustained through the prohibition on trading for the individuals, who have not reached 18 years yet. Identity thefts are prevented through the verification of personality that is supported by providing your personal photos in a scanned form or the copies of such official documents as passport, driving license, etc.

The practice shows that the process of verification may be quite lengthy sometimes, which may seem inconvenient for the prospective traders. However, this method is the most optimal security measure. Nevertheless, you can find the platforms that provide a simplified email-based verification.

Concluding Notes

The time of registering on the trading account may be quite different. Some platforms allow getting registered in several minutes while the others impose daily verifications or the ones that can even last several days. You must consider that the absence of a certain verification process does not mean that the broker can not be trusted at all. The reviews of trading platforms that specialize in BO marketing show that such brokers are, usually, reliable and do not impose any serious threats to your account resources. 


Robot Details U.S.-friendly? Info RATING
BinBot Pro
BinBot Pro Review

Min. deposit: $250
Return: 89%
Binary Option Auto Trading
Binary Option Auto Trading Review

Min. deposit: $200
Return: 86%
OptionRobot Review

Min. deposit: $200
Return: 83%

More related articles:

 Zulander Hack Review
Everyone is looking for a better way to make money. The number of economic and political uncertainties in recent years has made it imperative for many people to locate an independent income. Binary trading has become one of the most popular options. There is plenty of scope to...
 Zeus 2 Review
Binary options trading offers the potential to earn a high rate of return; but it does come with risks. Surprisingly one of the biggest risks is before you even start investing. The popularity of this type of investing has led to a large number of dubious operations. The quest...
 XL Signals Review
Use of mobile phones and tablets has increased dramatically in the last few years. In fact you will almost certainly be surrounded by people using these devices as soon as you leave your home. XL Signals provides an automated trading solution which can be used on the move; mak...
 XE Trader Review
If you are looking to test new software on the binary investment market then the XE Trader may be the one for you. The XE Trader is attempting to steal a portion of the market by offering a wide range of features which are designed to attract all types of traders. However, is ...
 Wonder Clicks Review
Binary trading has become the most popular form of investing; this is generally agreed to be because of the simplicity of getting started in this industry. Unfortunately, this has also led to the rise of many scam firms which are not offering a genuine product for your needs. ...
 Which Auto Trading Robots Should You Use
The beauty of the auto trading robots now available is that you only need to spend a few minutes setting them up. You can then leave them to trade; the only further involvement which is essential is checking your profit level. Of course, you may wish to remove funds or add mor...
Binary Option Auto Trading





100% Secure