Minimum deposit requirements for online trading accounts are usually very low in binary options trading, and the amount required for trade is not huge, and it’s up to the trader how much he wants to risk.
For this reason, brokers don’t usually put high limits on the initial deposit, and even if the initial deposit requirement is high, the trader does not risk with a huge amount early on, so in the real business terms, it really doesn’t matter what the limit is because the money just sits there in your account.
Binary Options Brokers With Low Minimum Deposits
The most popular binary options platform set a minimum deposit limit on $10. This minimizes the risk of a huge loss of money. Although some traders allow you to deposit money as low as $1, but with $1 dollar, a trader needs to learn to really hear and focus on building an account from $1.
Some experienced traders may think the low initial deposits are the platform’s gimmick to attract more traders; however, a low minimum deposit does make a difference for new traders. Amateur traders don’t want to trade with a large amount, so the low minimum deposit brokers get more traffic.
Binary Options Low Deposit Brokers
Binary options low deposit brokers are a great choice for every trader that is just starting with binary options. If you are not willing to risk a large amount of cash, then one of the following brokers with the lowest minimum deposit requirements might be the best choice for you.
IQ Option is arguably one of the best online brokers because it has almost all the qualities which a good online broker should have. IQ Option has a minimum deposit limit of $10, but it offers minimum trades of $1. So even if you initially have to deposit $10 initially, you can make 10 trades with that amount even if you lose on all trades. Not bad for gaining experience but again, you can do that with a demo account also. Nevertheless, being able to trade with as low as $1 is a great thing to have.
Binary.com minimum deposit is as low as $5. Most top tier brokers, as explained in our IQ Option review have a minimum limit of $10 for initial deposits.
Binary Minimum Deposit
The minimum deposit requirement is another major reason to choose (or reject) a binary options trading brokerage firm. It is because of the reason that, as a beginner trader or as a professional trader with a new firm, you do not want to tie up a lot of money without having any firsthand experience of the quality of services provided by the firm, and any reliable projection of the future profits.
Normally, the minimum deposit requirements may vary from $5 to $500, depending upon a lot of factors, such as deposit method, type of account, and the choice of a particular firm, of course.
At binary.com, the minimum deposit requirement is $5, which is the lowest possible limit for any firm. The minimum funds required for most other firms usually range from $50 to $250, while some firms may demand as much as $500 to let you start trading. On the other hand, the maximum deposit limit is usually $10,000 for most firms (but it also varies).
Once you deposit the minimum amount, you are set to start actual trading. A single trade, however, can only be as low as $1 only.
It is also important to remember that the minimum amount that can be deposited to start trading also varies on the choice of payment method. This is true for binary.com as well as other firms. The $5 requirement for binary.com is applicable if you choose to pay via debit or credit card (or some e-wallets).
If you choose to pay via a bank wire transfer, the minimum possible deposit may vary from $5 to $500. Similarly, the use of different e-wallets may result in different minimum requirements. However, the good news is that there is usually no minimum requirement if you choose to pay via cryptocurrencies. Make sure to be aware of the various crypto related scams, like Bitcoin Revolution app.
But before you decide to choose any particular method, it is also recommended to analyze fixed charges and payment fees applicable for different payment methods. Also, factor in the level of trust you have in your broker and your trading strategy and goals to understand how much funds you require at a minimum to execute trades successfully (and to earn a reasonable amount of profit).
In a similar manner, the minimum withdrawal amount, as well as the duration required to process binary options withdrawal (and deposit) requests, also depend largely on the chosen method and the service provider. Understand and analyze all the applicable factors before reaching a particular decision.