Finding the right binary options broker is the most challenging part on the path to becoming a successful trader. Generating profits via trading by binary options is not an easy task. There is every chance for worse things to happen to an investor while making money, and then while trying to get out of it. Many binary options brokers are scam artists who promise investors into trading quick and easy money and disappear without a trace. Unreliable and un-regulated binary options brokers are rooting everywhere. A constantly-updated list of recommended binary options brokers which offers genuine security and reliable structure is given, in order to help in combating this growing dangerous trend. Check out Online wealth markets Review.
Comparing the brokers!Currently in this business, there are almost 400 brokers or platforms available for binary options trading. The evolution of so many broker firms has given plenty of options to investors to trade as per their standard and requirement, keeping in mind the returns and bonuses too.
The foremost step while starting a binary option trade is to look out for a genuine and a reliable broker. There are websites which give updated information about best brokers and allows comparing them. The best broker can then be chosen keeping in mind the initial deposit amounts, percentage of bonus and maximum returns etc.
Best Binary Option brokers:
The world is now trending into the trading business and this has led to the formation of several trading firms across the globe. These firms and brokerages are controlled by regulatory affairs bodies within the particular geographical regions. The main task of these bodies is to monitor and regulate the binary options, Forex activities and to protect the traders from any possible fraud through the brokers.
Best Binary Option brokers in the US:
There are two regulatory bodies in the United States which control the activities of the binary options and the Forex brokers. These two bodies are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Examples of few best brokers in the Unites States are Porter Finance, Tradorax, FINPARI, and CTOption.
Best Binary Option brokers in the UK:
The two main regulatory bodies in the United Kingdom are the Cyprus Securities and Exchange Commission (CySEC) and the British Financial Conduct Authority (FCA). It is advisable to trade and choose a broker from a firm who is legally licensed and regulated by the CySEC and FCA. The most popular brokers for binary options in UK are Banc de Binary, 24Option.com, BOSS capital, TRADERUSH, IQ option and many more.
Though almost all of the binary options trading platforms have a lot in common, they usually do differ in parameters like initial deposit, means of depositing, time of trade, maximum returns and payoffs, bonuses, terms and conditions for depositing and withdrawing money, customer service and so much more. Therefore, it is recommended to check all the information and genuine details about the trading platforms and brokers.