How To Choose Your Binary Options Broker

Binary options trading sites come and go. The thing to always keep in mind is the principle, not the specific details. Binary options brokers are a modern reality, extremely popular in European markets, and thus are here to stay regardless of what US regulators might say.

It doesn't really matter what binary options broker you decide to use, only that they have a good reputation for reliability and they offer attractive and consistent trading contracts. If you are unsure about your current broker, it might be good idea to spread your funds out over several different accounts as an extra layer of safety.

Before choosing your binary options broker, I recommend doing your own homework. Do an internet search for binary options broker review and you will find a vast amount of information about any of them. Be aware of the scam review sites. They are only there to post their affiliate links. Instead find the true binary options broker review sites that list both reputable and not so reputable broker reviews. In this matter you can get a feel for the current marketplace.

Ensure to check broker's terms and conditions before you open an account, payouts on various binary options contracts and trading hours.

Keep in mind the fact that the difference between contract amount and your payout is the broker's revenue. Stay away from brokers who offer too good to be true payouts unless they are well established businesses. High payout policy might be proceeded as a company's way to gain a market share. It might result in smaller margins and expose broker to a financial failure. Check the amount of traffic and an age of the site. As older and busier the site as more reputable broker.

Before you decide to take up special offers like trading bonuses etc, make sure you read terms and conditions first. Often, bonuses offered by binary options brokers are subject to conditions. These can prove to be problematic when it's time to draw the funds. Remember; there is no free lunch so any free money you receive it's not so free when you dig it.

Most of binary options brokers would not accept US clients due to government regulations. Please check this with your broker before you open your trading account. It will save you time and hassle. As industry grows, there will be a way to go around US regulations and I bet US citizens will have most options to choose from. As of now, it is a struggle if you are US citizen.

We are currently working on a list of genuine binary options brokers who accept US clients. It will take a while as we would like to gather some real experience before we can recommend them to DailyOptionTrader subscribers.

The most stable binary option broker, in my opinion and experience is Stockpair.com. We have used them for years now and had never experienced any trouble. Stockpair.com have a long track of being solvent, and their financial accounts can be viewed quarterly. They offer many markets to trade and have an excellent "current payouts" in case of closing the option before expiry. This is crucial to our trading technique.

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This article was published on 10 Jul 2014 and has been viewed 468 times
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