The entry point into the binary options market is through a broker. Brokers in binary options play a number of roles.

a) They provide the trading platforms to be used in trading contracts.

b) Brokers keep traders’ funds in trust and provide settlement of trades according to the outcomes of such trades.

c) The backoffice settles deposits and withdrawals into the traders’ accounts.

As can be very clearly seen, brokers play a lot of key roles in the binary options market which can make the difference between a profitable experience and a very nasty one for the trader. Beginners must therefore be very careful as to how they choose binary options brokers so that they do not run into problems.

How then should beginners go about selecting a good binary options broker?

Check if the Broker is Regulated:

The issue of regulation in the binary options market is one which has thankfully, started to take shape. From 2008 to 2012, the issue of regulation was indeed a very problematic one. Many countries listed binary options as a form of gaming, and so left the trading of binary options out of the regulatory framework that other financial markets are subject to. It was only after several complaints by traders who had been burnt by unscrupulous brokerage practices that regulators began to take note. Cyprus took the lead when its financial regulator, the Cyprus Securities and Exchange Commission (CySEC) took the bull by the horn and decidedly listed binary options as one of the financial instruments covered by the European Union MiFID protocol, and that it would therefore be subject to regulation. This step was not surprising given the fact that many of the problematic brokers had setup base in Cyprus and were beginning to severely shake the confidence that investors had in the Cypriot marketplace.

Other countries such as Japan and Malta have since followed suit, joining the United Kingdom and Australia as the countries where regulation of binary options is carried out. So traders who want to check to see if a broker is regulated must first search from within these countries, and then go ahead to seek answers to the following questions:

a) Does broker have an assigned regulatory number from the country’s regulators? You may want to call the regulatory agency to find out.

b) Does broker segregate traders’ funds?

c) Are withdrawal requests fulfilled on time?

d) Are the trading conditions on the platforms fair?

Trading Conditions

Binary options brokers sometimes do not allow an asset to be available for trading, especially if a great percentage of traders in the market are in one direction, or have chosen one option in overwhelming numbers as to outstrip the ability of brokers to match the payouts. While this occurrence cannot be totally ruled out, it is not fair for brokers to do this so often that traders can hardly trade within profitable situations.

The only way to get the answer to this question is to go through review sites where traders who are already active in the market have posted their experiences. Better still, sign up for a demo account if the broker you want to use offers one, then try out the trading conditions to see how things are for yourself.

Customer Service

As long as human beings run a system, there are bound to be errors. So when talking about customer service, we are actually asking the question: if something goes wrong on the trader’s platform or with the service provided, how are such issues solved? A non-functional customer service department can be a real pain for the trader. As a trader, you need a broker with a responsive customer service unit to handle any issues promptly and in a professional manner. Again, broker review sites will tell you which brokers are the best in this area and which ones are not.

Settlement of Withdrawal Requests

Every trader in the market will probably want to know about this aspect more than anything else because it mirrors the very reason traders are in the market: to make money. What is the essence of choosing a regulated broker with a good customer service, opening an account, getting a bonus, trading with good trading conditions only to start having issues when withdrawal requests are made?

You need to read the fine print very well when it comes to making withdrawals in the binary options market. Many brokers have all manner of restrictions. Some brokers only allow one free withdrawal a month. Some have a cap on how many withdrawals you can make in a month, whether you are charged for such or not. Some mandate the trader to stick to just one withdrawal type. Others do not allow traders to withdraw beyond certain financial limits. Not choosing a broker with a withdrawal policy that is favourable is only going to lead to incredible frustration. Beware of brokers that change their withdrawal policies midway: it could be an early sign of insolvency.



Bonus Policy

As a rule, do not choose brokers who place a stringent volume demand on the bonuses they award as a prerequisite for making withdrawals. Bonuses are now a regular part of the offering of binary options brokers to new traders. Brokers usually require traders to generate trade volume whose commissions can defray the bonus amount. However, some brokers have used this as a way of trapping traders so that they can almost never withdraw any profits, by placing a very heavy volume demand for bonuses awarded.

Bonuses are ok, but should not be abused by either broker or trader. If a broker’s volume demand is way too much when compared with the awarded bonus, it may be better to choose another broker.

Conclusion

Some of these points listed above are to help new traders to be able to make correct choices when choosing their broker. When the choice is made using the parameters stated above, the trader will be able to pick out a good broker that will provide a good experience all round in the binary options market.

At the start up please make sure you choose a broker that will give you demo where you can familiarize yourself with their platform and also get the excitement of trading binary option before you can start trading live. Though there are brokers that will give you the demo after you must have deposited with them, while some some will give you freely without deposit.

Some of the last week trading results

More trades done with good win rate

pls i also need one on one pratical traning. So pls post ur phone number very well apart from the one on screen shot. And ur email id as well.

Please call number on sreenshot

These are a very few selected news I traded last week

Here is the last two trades