Although trading in binary options is gaining in popularity, solicitous investors are facing a problem: which broker and platform will trade it. Currently, there are over 100 brokers that offer binary options. Due to the low age of the financial product and thus the broker himself, the so-called track record, linked here time which provides information about the success of a trader, is not very strong, as too little data is still flowing in.
The question, which one is, is whether you should go to the trade with etoro, anyoption, ezbinary, traderush, 24option, ioption or the Banc their lowest price de Swiss. Furthermore, the question arises of the criteria which are useful in the evaluation and selection of traders.
Criteria for selecting a broker
There are a few basic criteria that can help you make the decision for a broker as a trading partner. These also often find entry into opposing reviews across different providers, so a direct comparison is also made possible.
A large number of brokers and banks offering binary options are based here with in the Federal Republic, but no fewer companies are based abroad. German providers offer the obvious advantage that the trader can act directly in his native language, which is not always guaranteed.
A foreign company, however, is not to be treated with prejudices, since this can have tax advantages, since no withholding tax is payable directly. A broker who is based in Cyprus can therefore benefit from low-income investors.
It is optimal if the broker can have a certification from his country’s financial regulator, as is usual in trading with other financial products (for example, Forex). The competent authority in the Federal Republic is the Bafin, in the UK the FSA and in Cyprus the CySEC. However, certification can not be expected, especially for very young companies, as this takes some time.
Another important factor is customer service. After all, no a cool way to improve as an investor, you quickly have questions and problems that can be solved by a competent contact person. In the best case, several communication channels (email, telephone) are opened here, however, a sure command of the English language is usually obligatory to communicate with foreign brokers.
Especially the AGB should be checked at the very least before the action. Here, the exact conditions for bonus payments are usually explained, which generally contain a minimum turnover. If you determine this only he check it out in the following, this is often annoying, since you have already calculated with the payment of the bonus.
Here you have to take into account aspects such as the payment amount, minimum sales per day, fees and the duration of a payout, as well as their mode (total amount, tranches, etc.). This information should, however, be clearly identifiable.
It is best to have the customer choose the most suitable one between the different payment methods. Short processing times of up to two days as well as transparent and we great post to read short transfer times are also ideal. Fees that may be incurred should be clearly visible.
Portfolio and trading
It is also necessary to take into account the way this hyperlink options offered by the broker. In this case, points such as underlyings, maturities, possibilities for loss protection, various types of trading as well as the possibility of trading other financial products in the future are discussed. Under the collection of assets, already known ones should be able to be found, since sufficient experience exists. It goes without saying that every asset has to be an explanation which is most closely related to the return and the risk of loss – an example is provided.
The software provided by the operator for action up a knockout post on the website should be checked to ensure that all trades are secured and, above all, duly booked. For example, the applications are tested by Spot Spot, Techfinancials or Tradologic; However, this can also be the case, as in anyoption software.
Future customers will benefit from good sellers generally