Legitimate Binary Options Brokers
It can be tricky to discover a binary options broker that fits your needs perfectly. Right now, there are hundreds of brokers out there, all competing for your funds and participation in their services, but only a few offer high-quality services and regulation under the appropriate body. We’ll take a look at what defines the legitimate binary options brokers out there below.
Appropriate Licensing: When you begin your search for a brokerage partner, one of the top priorities of your search should be to find one that is appropriately licensed and regulated. Even if a broker claims to be regulated under one of the main financial authorities, such as CySEC, it is important to verify their license number, as well. Just because a company falls under the regulations of a governing body doesn’t mean that they are currently licensed with that same body. Using a licensed broker can improve the security of your investment and give you someone to report the broker to if you believe the broker is mishandling your funds.
Payout Rates: As a whole, you should expect to see win rates of at least 75% for high quality providers. Some brokers may offer as high as 95% for wins and even offer 5-15% on trades that would be a loss. Keep these rates in mind as you compare the various legitimate binary options brokers you encounter.
Open to International Traders: Especially in the United States, it can be hard to find brokerage partners that accept traders from around the globe. In many cases, brokers in the EU will not allow US traders to participate in their services, due to the regulations necessary. However, that does not mean that it is impossible to participate in binary options trading simply because you live in the US.
Helpful Limits: Whether you are evaluating the withdrawal limits, the minimum deposits, or the maximum investment that you can make at any given time, it can be a wise use of your time to compare the terms and conditions of working with any given broker. Most of the legitimate binary options brokers out there will make it easy for you to participate in their services, to deposit funds, and to withdraw funds from your account.
The binary options market is not without risks of its own, but there is no need to multiply your risks by using a bad brokerage partner. With plenty of great services out there to choose from, you can partner up with some of the top legitimate binary options brokers available, multiplying your funds and making you a more effective trader.