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. 

BEST BINARY OPTIONS ROBOTS

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

TRADE!
Min. deposit: $250
Return: 89%
REVIEW
5.0
Binary Option Auto Trading
Binary Option Auto Trading Review

TRADE!
Min. deposit: $200
Return: 86%
REVIEW
4.9
OptionRobot
OptionRobot Review

TRADE!
Min. deposit: $200
Return: 83%
REVIEW
4.7

More related articles:

 10 Day Social Profits System Review
Making a profit in ten days is fantastic; especially if it involves using a system and a market you have no experience of. The 10 Day Social profits system offers just this opportunity. However, with this kind of promise is 10 Day Social Profits an attractive and genuine offer...
 10K in 7 Days System Review
When you first try trading in binary options you will probably find the automated trading options very useful. However, there are many of them which are not there to help you; they simply want to make some easy money for themselves. Reviews like this will help to ensure you ch...
 7 Figure Challenge Review
There are many binary options which can produce impressive returns; then there are those which promise to turn you into a millionaire within a few weeks or months. These are the ones which are most likely to be scams. The 7 Figure Challenge offers an impressive rate of returns...
 97Partners Review
There is no doubt that investing in the binary markets can be a lucrative use of your time. However, if you do not have the necessary experience to make a success of this instantly you may find yourself drawn to software like 97Partners. These automated trading systems are pre...
 CashFormula Review
Once an industry such as binary options has become established there will always be those who seek to gain from others. In fact, it is easy to be scammed by one of these dubious firms; there are simply too many to keep track of and more arriving every day! T...
 Terran Capital System Robot Review
Are enticed by the idea of generating $900 a day with almost no risk you will be interested in what the Terran Capital System Robot is offering. If there claims are to be believed then this is the right firm to join. The Terran Capital System Robot is claimed to have won 49% o...
TOPICS:  
Binary Option Auto Trading

 

TRADE WHILE YOU SLEEP!

SMART AUTOMATED TRADING SOFTWARE

 

100% Secure