How to compare Binary Options Brokers?


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Being new at anything in your life can give you some dose of frustrations. Frustrations usually come from the lack of knowledge and you are most of the times not sure where to find information or who to trust. Especially, you might feel this when you’re about to start trading Binary Options. You hear about some scams in Binary Options industry, you know that there are some very bad and not legitimate Binary Options Brokers and you want to find trusted Broker to be your partner.

So, the main question now arises. How to compare Binary Options Brokers? This is definitely not an easy task to do by yourself, especially if you do not want to try them one by one and spend a lot of money trading with bad or sometimes even scam brokers. Also, it is very hard if you are not even sure what to compare, what to look for when analyzing Binary Options Broker.

There are several important categories that are worth looking in to successfully compare Binary Options Brokers. The importance of each of them is also determined by your personal preferences. For example it might be important for you that you can withdraw your profits very quickly and for someone else that might not be crucial. Somebody can look for customer support in Danish language or somebody can be attracted by huge bonuses offered by some other Binary Options Brokers.

All in all, at the bottom line, it is up to you to choose. made effort to gather important features for you that you should have in mind when choosing a broker.

Money and Binary Options Trading

First group of features are money related. When choosing the best Binary Options Broker you should look how much is minimum deposit and how much is a maximum deposit. Crucial is to know what payouts you get if your trades are profitable. It is important to know what is a minimum trade (investment) and also the maximum trade (investment) that certain Binary Options Broker allow for a single trade. For the ones attracted by the bonuses it is very important to know both percentage of deposit and maximum amount that can be awarded to you as a deposit related or no deposit bonus. Regarding the bonuses you should also check with the Broker bonus trading terms, in order to check how acceptable they are for you. You can always discuss this with the personal account manager that certain Binary Options Broker will assign to you. Cherry on the top is to be able to trade in the currency you prefer so you should check also this factor before placing your deposit.


Binary Options Trading Platform

Other important group of features is related to the platform and software that the Binary Options Broker is using. It can determine to you what trading options you can trade with (high/low, one touch, boundary, short term etc.), the more the merrier, of course. Also, you should find out can you trade with your mobile phone and what assets you can trade with.

Customer Support

Third group of features we would like to define as a customer support related features. It is important for somebody to have a platform, live chat or personal account manager in your own language. For somebody it is important to try the demo account before trading with the real money. Others like to have very good education provided by their Binary Options Brokers which can make them better and more profitable traders.

Binary Options Withdrawals and Deposits

Last group is related to the banking issues. Somebody finds this as a crucial group, while the others are not bothered so much with this. Binary Options Brokers can differentiate themselves by offering various deposit methods, from being able to deposit via credit card or bank wire to different e wallet options like Skrill or Neteller. Some find very important, as we mentioned earlier in the text, to get their profits as soon as possible while other traders can be more patient about this.

Looking all of these features we can really separate best from mediocre Binary Options Brokers however in the end there is one most important thing that cannot be skipped in choosing your Binary Options Broker. It is pivotal to know is the Broker you are choosing scam Broker, is it legitimate or not. Even the ones with the best features can sometimes be a scam and use excellent features just to attract traders.

We did compare Binary Opitons Brokers for you! is making continuous effort to show you only legitimate and trustworthy Binary Options Brokers. Be free to read some of the reviews and sing up with one or even several Brokers as we assure you that all of the reviewed and listed brokers are reliable and safe. For all the other things we did not mention in our reviews, and you are interested to find out, just be patient, after you sing up with one of the Brokers, you will be assigned with personal account manager and she/he can give you all the details on how to be as profitable as possible.

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Author: Mark Watson

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