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Binary Brokers

In order to trade these exciting options, you need to go through a binary options broker who will act as a go between for you. These sites all have slightly different nuances on their trading policies—especially when it comes to the assets offered and the rates of return you can earn—so it is important that you do your research before you commit to a particular place. There is no rule saying you can’t have two or more, so this is not a binding decision, but you will save yourself a lot of hassle if you go with the best broker from the beginning. Listed below are our favorite trading sites.

Risk Warning – “Investors can lose all their capital by trading binary options”
These sites offer different assets. As you know, the asset you select to trade can make or break you. You want something that you are knowledgeable of and something that you are comfortable with predicting the price motion. Having a wide variety of assets is a good thing, but more importantly, you want the assets you want to trade included. Think about it this way: if you are going to only trade two or three assets, does it matter if the broker has a hundred others listed on their site? It really doesn’t matter, honestly, if they have assets listed that you aren’t going to ever trade. It only matters that the site has the assets you want. The rest is just background noise.

For those of you who intend on trading the most widely available underlying assets, what’s more important than the dozens of assets that you will never consider is the rate that you will be earning on your trades. If one place is offering 70 percent and another is offering 75 percent, this might not seem like a huge difference—especially considering other factors—but the higher payout will always be your best choice.

Of course, this isn’t always just that easy. Some institutions offer a rebate on losing trades, too. So you need to know how often you are correct, on average, and calculate just how beneficial trading with a particular broker will be. If you are incorrect often enough, the rebate will come in handy by saving you up to 15 percent per losing trade.

Reference Alert – If you are having a hard time picking a site you can use this binary options brokers reference guide.

Again, there is no crime in having an account at more than one brokerage. If you want to trade Apple shares and gold, but two different brokers offer higher payouts on these two underlying assets, using both for their respective underlying asset will be in your best interest. Basically, you want to ensure that you are always getting the most out of your trading capital and diversifying your trading funds between two or more different places can be a smart choice for maximizing profits over the long haul.

Broker Sites Available to New TradersBinary Brokers are extremely competitive amongst each other. Some will offer bonuses on deposits, if they meet a certain threshold. If you are a larger trader, depositing a big enough amount will get you a bonus at these sites. The industry standard is that you need to trade 40 times the bonus amount before it is released into your account as cash. This is a huge amount, but for the serious trader, it shouldn’t pose a large inconvenience. Odds are, if you stay in the binary options business for long enough and you are successful, you will trade enough to unlock even the largest bonus. Say you have a $5,000 bonus. You would need to trade $200,000 to unlock that amount. If you make $200 trades, that’s 1,000 trades in order to make $5,000. If you make only 3 trades per day, you will unlock that amount in less than a year.

Choosing the right binary options broker is important, but don’t be distracted by things you do not need while making your decision.

If You are Still Thinking About a Broker — Try IQ Option