How to Choose the Binary Options Broker that is Right for You
How to Choose the Binary Options Broker that is Right for YouMay 23, 2012
Looking at all the binary options brokers available today its clear to see that there has been an incredible growth of brokers offering various services. My search originally lead me to the regulated binary options exchanges at first, namely NADEX and the CBOE. Naturally as I dived in I saw how structured and cumbersome the traditional trading practices have become compared to all the Cyprus-based binary options platforms. So with all due respect Mr. William J. Brodsky, if you have net capital requirements for risk-based haircuts on the S&P 500, it’s fairly simple to assume that your average trader will look for an alternative solution for his financial betting needs.
The newer and more agile binary options brokers offer very aggressive trading packages designed to get you started trading and making money trading binary options from the start. I have opened accounts and deposited thousands of dollars with various online brokers. I currently have over 2000 open positions with over 9 binary options broker sites, and a total combined balance of $105,200 and change. I have spoken to all the various binary options representatives, starting with a simple support person, all the way up to the actual platform owners.
I actively trade and keep a close record of all my transactions at Optionbit, OptionXP, Traderush, AnyOption, TradeSmarter, StartOptions, GlobalOption, OptionXp, Ikkotrader, OptionsClick, iOption. Needless to say some are better than others, but at the end of the day they all offer the same financial services.
Tradologic advertises a broad range of trading options such as digital, touch, range, triple, and matrix. Reference and explanations about these terms can be found when checking out the OptionBit Review, which is powered by the Tradologic binary options platform.
SpotOption, another well known binary options platform offers trading in over 90 assets, as well as options builder, one touch, and 60 seconds. Together with Ikkotrader, and AnyOption they offer an Iphone application which allows you to trade on your mobile device. As for me, I use it occasionally after I do all the research at home, but I like having my trading tools handy and open so I will always prefer trading binary options from the comfort of my own computer at home.
I have used Neteller, Moneybookers (Skrill), Visa Card (Both Prepaid as well as gift certificates and Debit Cards), Mastercard, Diners, American Express (Amex) to deposit incredible amounts of money at binary options brokers. I have also opened accounts at the more traditional brokers like Scottrade, Ameritrade, OptionsHouse, and have invested through my banker.
During the last few years of my professional career I have made over $3,500,000 for a few key investors I have a personal relationship with. I can tell you that most of this money is currently tucked away in a few offshore bank accounts belonging to various companies in Jersey, Isle of man, Cypress, and St Kitts. The accountants, bankers, and lawyers, especially those with connections to offshore banks are making millions of dollars just by managing the money for investors and without having to take any serious risk.
So, as I have mentioned in my previous articles, making the money is just the fun part of binary option trading, the real challenge is knowing how to manage the money that you have made investing online. I highly recommend you look over some of my binary options brokers reviews, because binary sites that don’t come recommended are basically a form of unknown risk you can avoid. So do the comparison and also check out the binary options trading guide section.
You must also do the research, check out the news and analysis on a daily basis, look at the commodities, indices, currencies, and stock. For example you must understand what direction the recent FB stock has taken and understand how and why it was overvalued and how the savvy Wall Street bankers are taking advantage of this. I also recommend you look at the binary options strategies section I have presented since I believe these are invaluable tools that you must utilize when starting to invest in binary options online.
If you think you have a firm grasp of binary options signals and would like to start trading now simply click here to open an account at a recommended binary options broker.