What are binary options?
Binary options are split into two types of trades namely the “cash-or-nothing” options which will pay out the fixed amount of the cash trade should your option expire with a win. Then there are the “asset-or-nothing” type trades which pays out the value of the “underlying security” is the trade expires on a win.Either way, binary options are basically financial options that either pay out a fixed amount of money or nothing!
3 Top binary options sites for 2018
One of the oldest and trusted binary trading platforms on the internet has been around since 2000. This company if one of the most transparent companies in the business keeping its customers informed and up to date.Its trading platform is available on a hot of media including PC and mobile platforms.
It has a virtual trading account that a person can practice from and has a lot of good reviews.
It has a minimum deposit of $5 dollars with a 1000% maximum return rate
It has great charting tools and is adaptive to both the first time and seasoned trader.
This is a UK based company that follows the strict UK regulations for finance and one of the very few brokers that accept U.S. traders.
This site has online support live video feeds with their agents that are on 24/7 support calls.
The support team are able to help customers in a few different languages and the site offers a demo account facility whereby you can practice trading before using your real cash.
The minimum deposit is $250 with a maximum return rate of 90%
This is a Cyprus based company that is listed on the London Stock exchange, was founded in 2010 and is regulated by the CySEC. It was also one of the first binary options brokers, it trades in CFSD, binaries and Forex.
It has its own unique trading platform and is offered across most media types.
The minimum deposit is $100 with a maximum return rate of 100%
Trading in the real world is a risk just as trading online is. Always make sure you are trading with a registered trader and check the websites to ensure they are legitimate.
A good source for finding out about various binary options sites and to learn more about them is on YouTube there are a number of trusted traders that have YouTube trading channels.