Binary Brokers – When to switch

Best Binary Options BrokersBinary Options trading has really boomed in the past few years, and this means that literally hundreds and hundreds of binary options broker platforms have popped up everywhere on the internet. The interest is huge, and you have probably already see a lot of sleazy promos for “how you can become a millionaire just like me”. Learn more in our article on the best Binary Brokers.

When the supply is as huge as it is, it makes it even more important for you to be thoughtful about your choice of broker. Luckily you do not have to start testing brokers left and right – we have already done that for you.

The binary options brokers you find here on have all been tested by the FBO network and found to be both the best and the most trustworthy brokers you can find online. This is not the same as saying that you cannot find any negative stories about these partners. There are many of them. But they are mostly made by angry traders, that are simply mad about losing.

Losing trades are a part of being a binary options trader, and there is nothing anyone can do about that. No one wins 100% of their trades – it’s that simple. But this can be hard for someone to understand when they have lost all their money because they traded without a strategy or a bankroll management plan.

Only the best binary brokers

On you will find only good reviews of binary options brokers. That is not because we think that all binary options brokers are good – far from it – but it is because we do not wish to list any of the bad ones. We wish to focus on the positive and let the bad brokers fade away in silence… They will fade away in time.

So we only list the good brokers, but that does not mean that there are no differences between them. Depending on your preferences some brokers will be perfect for you, while others will be missing key features that you need. What is important is that by choosing from our list you know that you will sign up with a financial institution that is reputable and fair. The binary options brokers we provide links to have all been vetted. They enjoy rock solid reputations, and we know that the people who run them are entirely professional. You have safeguarded your security by coming to us first.

All the brokers on the list also provide excellent customer service. They all give you the opportunity to make good money quickly as long as you work hard and attain the level of success needed. You can trade with them, safe in the knowledge that you will be rewarded in a fair way for doing a good job. Nobody will cheat you or stand in the way of your success.

Top 3 Choices
Banc De Binary
5 star review
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Nadex Logo
5 star review
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iq option
5 star review
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Things to consider when choosing a binary broker

There are so many different binary brokers to choose from that you will need to set aside some time, and make a real effort to consider the strengths and weaknesses of the most important ones. We have identified the Top 20 brokers, but that still leaves you with quite a few options. So, which considerations are the most important when choosing between these various companies?

This is really a question of what sort of investor you are. Different brokers have different priorities. They might be aimed at a certain type of client to the exclusion of others. They might have decided to only cater to big-money traders. They might only offer a service that’s suitable for newcomers.

This means that even if all the brokers on our list are 100 % reliable and 100 % trustworthy, there are big differences between them. When you read our articles about each one, keep what’s most important to you in mind. You should be able to identify whether a broker is right for you by considering the following:

  • Specific assets available for trade
  • Demo-account available
  • Signals available
  • Bonus for signing up
  • Size of minimum deposit
  • Size of maximum trading amount
  • Customer support possibilities available

The first consideration might be the most basic one. If you are focused on trading in certain assets it goes without saying that you have to find a broker that offers binary options based on these assets. Some brokers only have a few dozen assets, others several hundred. Make a smart choice.

This is what you need to know about binary brokers

The demo account is really only applicable to newcomers. If you already have some experience in this business, you do not need to worry about a free demo. On the other hand, if you do lack experience you really should try to find a broker that offers a demo. This is the easiest way to get to grips with binary options trading, and could save you a lot of unnecessary heartache.

Signals are not available free of charge from most brokers, so if you find such an offer it might be smart to take advantage of it. Some account types with certain brokers will include a certain amount of signals. A good supply of binary signals can offer you a short-cut to healthy profits. If your strategy could benefit from signals, this consideration might be important to you.

The bonus on offer from most brokers will be at 100 % of your initial deposit. This means that you can trade for twice as much money as you transfer to your brokerage account. Needless to say, this can be a tremendous chance to earn a lot of money. However, it is also true that binary bonuses entail terms and conditions you need to be aware of. Always read the small print when considering a bonus offer from a binary broker.

The minimum deposit is very important for newer traders. You simply shouldn’t commit to investing more money than your budget permits. Never open an account with a broker that is outside your budget.

If you have a considerable amount of experience, and you have made good profits in binary options, you are at a stage of your trading career where you want to make big money. You can’t do that by investing small amounts. Make sure that your broker lets you invest at an appropriate scale. This is true in the opposite direction for newcomers. You have to make sure that your broker allows small trades so that you can start of carefully without taking too great risks.

Customer service of high quality is on offer from all the brokers you will find on our site. But there are differences here too. Do you prefer to phone? To use chat or email? Do you require customer service to be available in a certain language? At certain times? Make sure that your broker meets your requirements also when it comes to this important consideration.

Which broker is the right one for you?

Going back to the paragraph above, you will have noted that there are essential differences between traders that help define them. Some of the most important are as follows:

  • Level of experience
  • Size of budget
  • Level of ambition
  • Time available for trading
  • Preferred strategy

The first is obvious. There are some binary options brokers that are better suited for inexperienced traders than others. If you are a newcomer you need to find  a broker that has a good leaning center where you can educate yourself, a low minimum deposit and low minimum trades. A free demo would also be a benefit.

Experienced traders, on the other hand, might not be so interested in these aspects, and instead focus more on an impressive array of different options types and assets to trade in.

If you have a small budget your options will be limited. That’s just the way it is. Some brokers demand large initial deposits. They are simply not for you. On the other hand many brokers do offer very low initial deposits. They’re the ones you should be looking out for.

When it comes to strategy, you are looking at a cluster of considerations really. Here you have to see if the broker fits with how you plan to trade. If, for example, you want to trade with signals or use a robot, you must make sure that the broker you are considering is compatible with such a strategy.

Binary Brokers – When to switch
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