Binary options are a profitable variant of trading, which in practice is able to give very good returns. However, there are several things that can affect both the size of the income and the likelihood that you will receive it. One of the most important factors is the broker.
Choosing a broker is always an important issue for any trader, including traders involved in binary options trading, as much success depends on the broker. In particular, the comfort of the trading process, as well as profitability and confidence that you can always get the money earned.
Important role is played by the trade interface. On the available options depends how much chances you will have to make the right decision.
Finally, parameters such as ease of deposit, commission and spread, as well as the reliability of the broker must be taken into account.
Some brokers only work with classic transactions, others – only with options, and third ones – with both. But it is most important for the broker to provide the opportunities that will be of most interest to you specifically.
Speaking on the most effective tools for binary options trading, we should pay attention to Opteck platform that is perfect for regulated trading and, as a result, getting stable income. Trading application by Opteck is also available for smartphones. Therefore, you can trade on any phone, table or laptop at any comfortable time and you will have access to your account in any corner of the world.
Deposits and withdrawals
This is one of the most painful issues for traders. Because the desire to work will be only in the case if you can quickly deposit and withdraw money without any difficulty.
The concept of simplicity includes several components.
Speed. Ideally, it should be one second, but in practice (especially in the situation with withdrawal) it is not so cheerfully. Some brokers make withdrawals once a week or a month, while others can guarantee receipt of money on your card or account just a few days later.
Opteck guarantees opportune and complete fund withdrawal and 24/7 client support if a trader has questions or problems with withdrawal.
Commission. It is not common for all brokers, but is quite frequent. So it is also better to consider this issue when making a choice.
Opteck doesn’t require any additional commissions and fees from the clients.
The minimum deposit that will allow you to work. It may also vary: one broker requires tens of dollars, the other – hundreds. Brokers of the first type are more popular because they are more accessible to traders.
Initial deposit required to become Opteck user amounts to $250.
Terms of trade
This concept also includes a lot. For example, the minimum lot, which you can play. In the case of binary options, it is worth noting a few more moments.
The minimum and maximum term of the option (a few minutes, hours, days).
Return of the part of the funds in case of loss. For example, some brokers return 10% of the value of the option, if the forecast was not justified.
Ability to specify not only the direction of price movement, but also its range of moving, depending on which the profit will change.
Besides, Opteck provides its clients the support of the team of professionals that consists of specialists in the field of web-industry and financial risk management. The broker sets its clients’ interests on the first place and thus cooperates with beginners, professionals and organizations.
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