I’m thinking of looking into binary trading. But I’m wondering whether there are any good binary brokers out there. What I’m most interested in is whether after making my money that I will be able to withdraw my money without any problems. However, from the research I’ve done the reviews I’ve heard aren’t all too good for binary brokers. So please advice on what your good and bad experience were with certain brokers so I can know which ones to stay clear from and which ones are trustworthy or worth a try.
PYXmarkets. The only binary platform I would ever use.
Regulated by FSA. fixed risk, multiple return not limited to 85%.
Sell the option you have built at any time during the day.
Ive traded with a couple brokers. Find one you can depend on the make payouts on time. Ive been on optionmint.com for a year and have had no problems. Ive talked to people who trade on some sites where it takes over a month to receive a withdrawl.
I just posted in another thread and came across this one. I would recommend that you stick with the bigger brokers - AnyOption, 24Options, Banc De Binary etc). Look for a broker that has been around for a few years and you will stand less change of getting fleeced.
They have all been around for a while and you shouldn’t run into too much trouble with getting your hands on your money when you need it.
Though do bear in mind that many of the bonus offers (which you can choose not to take when signing up) will have conditions attached which may need you to turnover a set figure in your account before you can access these funds.
Hi I am just starting in Binary trading and the first thing I want to do is establish myself with a reputable broker. You recommend PYXmarkets, but when I tried to register, I did not see the United States in the drop down selections. Can US residents use this platform? Thanks
Binary Options trading is not illegal in the US but there are some question marks over how it would fit into the tight regulations that the US places on financial products. In fact it was the US that first sanctioned the use of binary trading.
Up until now, with binary options being an ‘unregulated’ industry brokers have been able to accept US clients. However there are big changes due to hit the industry from around now into 2013 which means that brokers operating from Cyprus now fall under their regulatory requirements. As most brokers are based there this will mean the majority that most people are probably trading with. To the best of my knowledge this puts the whole topic back on the radar again which means that many probably won’t continue to accept US clients going forward, even if simply to cover themselves.
Would you say this is a good thing, that shysters be blown up, allowing legitimate businesses to come forward? Or would it be more that the US is doing what it does best by regulating a good industry out of business?
As long as all Binary Options Brokers keep using their tiny credit card sized gamblers applet, with that silly itzy-bitzy line chart, who in their right mind should take them seriously? I’m hoping that a reputable stock or forex broker, with a solid charting platform and lots of analysis tools, will finally include binary options within their available products, all regulated of course.
These Binary Options Brokers should work harder to hide what shysters they are. To encourage investor wannabees to approach their induction into the dangerous world of financial markets, with a devil-may-care fun time attitude is criminal.
I nearly joined onetwotrade when I saw them on the History channel. After looking at their site however I decided against it. There not regulated other than by the Maltese gambling association and very spammy looking website. There is an account fee payable monthly and withdrawals cost £38 approx from the reviews I read. Not sure if that’s negotiable if you trade more frequently and withdraw larger sums but I didn’t get a good vibe so I left it. IG Index do the binary options on a number of products if I remember and they’re regulated too I believe. I don’t trade forex with them however as I didn’t like / trust their feed as well as Alpari’s.
