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What are the 15 popular binary options brokers of 2018? When the, numerous traders have been interested in expanding their investments and exploring binary options trading. Since there’s an extensive list of available brokers today, it’s challenging to narrow down your choices in order to find the one that suits your preferences.
With that, we’ve gathered the popular brokers to help you jumpstart your search. Binary option is popular to all types of traders – from low-skilled and amateur traders to veterans – because of its simple yes-or-no and all-or-nothing premise with high payouts. However, just like any investment, having high rewards also entails high risks.
Hence, it is critical for you to be knowledgeable about this financial instrument and to fully understand how it works. Before checking out binary trading platforms and starting to trade, we recommend you to read our guide to understand your risks and address your concerns. It is also worth noting that while binary trading enables you to trade from any location online, not all countries legalize or regulate this financial product. Visit our analysis to know if binary options trading is legal and regulated in your country. In this article, we’ll walk you through the top binary options brokers. Specifically, we’ll compare the following features of each broker: • Minimum deposit • Maximum returns • Bonuses, if any • Supported trading platform Knowing where to hedge your funds is the first step to maximizing returns or, at the least, minimizing losses. It may also pay to know some basics of the trade.
For instance, Nadex, a U.S.-based regulated exchange for binary options, identified the top four traded forex pairs as: • EUR and USD • USD and JPY • GBP and USD • USD and CHF (Swiss franc) The list indicates, more or less, where binary options are most popular. Incidentally, Nadex also pinned down the. Source: Nadex infographic A Word of caution As with many internet financial transactions, binary options are prone to fraud, so play it cautiously. Many brokers are not regulated by the government (a good or bad thing, depending on your perspective); you’re left with the good graces of your choice. A common red flag is a trading platform that overstates the average return or, worse, it manipulates price points to cause customers to lose their wager (every time customers lose, brokers win). A simple online sleuthing by reading user reviews and forums about the broker should steer you clear of fraudsters. The challenge is to focus on legitimate brokers.
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