In order to trade binary options online today, you need to sign up with a binary options broker who will provide you with a trading interface. With the growth of binary options trading over the last few years, the number of available binary options brokers is vast. It is important to ensure that you sign up with a reliable and reputable broker that offers an easy-to-use interface as well as superior trading features and tools. So in your quest to find the broker that suits you best, here are a few features you should look for.
The trading platform and interface are one of the key areas of trading. If you are not able to make a trade with ease, then there is no reason to be trading. Most brokers also offer a demo account so it is recommended to sign up for the demo account as this enables you to test out the usability of the trading interface without the risk of losing any money. Once you have mastered trading in a demo environment, you can then move to a real trading environment with confidence and experience of the trading interface provided by the broker.
Language & Country
It is important to sign up with a binary options broker that offers their services in your spoken language. Most brokers today offer their trading interface and website in a wide range of languages. Being able to trade in your spoken language will assist you in trading more effectively. Also, it is important that the broker you have selected accepts traders from your country. As soon as you try to sign up, you will be notified if the broker supports your country or not.
As a trader, being able to deposit and withdraw your funds with ease is important. It would make no sense to want to withdraw your funds and you are not able to. Look for a broker that offers a choice of deposit and withdrawal methods and make sure that the site is secure before providing your banking details. Most binary options broker websites today are secured with SSL encryption to ensure that your personal and financial information remains safe and secure.
Rate of Return & Rebates
The core of trading online is making money and it is best to find a binary options broker that offers a good rate of return on your investments. Offering the highest rate of return does not make a broker the best but the return needs to make financial sense in order for you to sign up with them. Most binary options brokers offer a return of between 65-85%. Also, many brokers offer a rebate on your unsuccessful trades up to 15% so even if you lose a trade, you will earn back some of your investment which is a great feature in the long run.
Variety is important in binary options trading and selecting a broker that offers a range of trade options is a good choice. Most brokers allow you to trade a variety of trade options such as binary options, One Touch, Option Builder, 60 Seconds and Pro Trader. Having access to these trade options enables you to apply different strategies based on market conditions which can help boost your trading profit.
Binary options trading enables you to trade in a wide range of assets including currency pairs, indices, stocks and commodities. It is important to select a broker that offers a wide selection of assets for you to trade in.
Some binary options brokers offer a welcome bonus when you sign up. These might be a 100% bonus where the broker will match the amount you have deposited. For example, if you deposit $100 into your trading account, the broker will give you an additional $100 to trade with. While this may sound like an excellent offer, it is important to read the terms and conditions of these bonuses well as in most cases, you will be required to trade up to 40 times your trading account balance before you can access these funds.
Mobile Binary Options Trading
If you are always on the go, then having access to trading binary options on mobile is a big advantage. These apps enable you to trade from the comfort of your mobile phone anytime and anywhere.
There are many services and features that a binary options broker can offer so it is vital to do your research and to sign up with a reputable and reliable broker that can assist you on your binary options trading journey.