Why choosing a regulated binary options broker

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Best Binary Options Brokers And Trading Platforms Reviews, List & Comparison- Binoption

Choosing the best binary options brokers can be a nightmarish task for many. A lot of factors are involved in choosing a broker. However, this daunting task can save you from countless hours of frustration and losses.

Currently, there are thousands of online brokers. Among those, traders and investors try to get authentic information about brokers before investing with them.

Here, through this article, we will guide you how to choose the perfect broker that suits all your trading needs.

We realize that not everyone who visits us is a top trader. Ensuring all the necessary features, we will provide you the best binary options brokers for beginners.

To help you to choose the broker you can invest on. Currently, we compare every broker on the basis of important factors such as minimum deposit, minimum investment, regulation, demo accounts, asset index, payouts, mobile trading, and more.

We will discuss each of these factors in detail down below. Moreover, we rate brokers on each of these features and present you an overall rating.

Our reviews are unbiased and aim at giving you a clear picture on the broker. Because, we are very particular when it comes to recommending our readers.

Our reputation and goodwill depends on these recommendations so we leave no stone unturned in giving you the most accurate, up-to-date, and useful information.

Binary Options offers a versatile list of assets to trade such as forex, crypto, indices, stocks, and more. Hence when trading with these brokers, you get access to a vast array of trading assets.

Beside this, many binary options brokers are providing CFDs and Forex trading also. In the table below, is our list of binary options broker comparison table where you will find our list of recommended brokers that have earned our seal of approval.

Furthermore, we have a top broker section, where you will find only the best binary brokers. If you have any concern about any broker from our list, please get in touch with us.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

7 Binary Options

If you have been trading binary options for some time, you have probably noticed that there are two types of brokers out there: regulated and unregulated. In some countries such as the USA, it is compulsory for traders to register with licensed and regulated brokers. In others (nearly all European countries) it is not an obligation but still, traders prefer to work with a regulated broker. Why is that? What are the benefits? Let’s find out!

Why Is Binary Options Trading So Popular?

Trading binary options has been becoming increasingly popular for many years now amongst beginner as well as seasoned traders. Compared to other forms of online, binary options are easier to comprehend and get a grip of. The most important thing is that the trader is informed of all the risks and the rewards that their trades can result in at all times. Considering this, it is crucial to understand that in order for a binary options trader to succeed, it is important that they choose to trade with regulated binary options brokers and use reliable instruments for this purpose.

Why Trade With a Regulated Broker?

All in all, there are three possible reasons traders prefer trading with regulated brokers only. They are:

  1. When trading with a binary options broker, you buy binary options right from this very broker. It is for this very reason that it is of most extreme significance that you pick a reliable representative to work with. This would imply that regulated brokers are more interested in their traders’ success. Therefore, they are simply a better choice.
  2. Regulated brokers must keep up the assets of their customers independently from their company’s assets. This way, if anything happens to the broker, its traders will still get their money.
  3. Regulated brokers have to guarantee that they are in possession of an adequate amount of financial capital that allows running their trading operations with no issues

As you can see, there are numerous benefits to choosing a regulated broker over all others that are on the market. After all, having the right broker is one of the most important things in your trading strategy, so why take a risk.

Start trading now with our recommended Binary Options Brokers.

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Licensed Binary Options Brokers

If you want to start trading binary options, you should look for a licensed and regulated broker first.

Why You Need a Licensed Broker?

In the past binary options brokers do not need to get a licensed or get regulated but today, brokers that do not obtain an adequate license will be blacklisted. Being regulated means to be holding a license from an authority regulator such as CySEC. It also mean that the broker is expected to follow a strict list of rules outlined by the regulator.

Many brokers get regulated starting in 2020, when Cypriot Safety and Financial Exchange Commission (CySEC) announced that they will include binary options brokers in their regulatory legislation. CySEC requires every newly established binary options broker in Europe to submit an application for the license within a period of 6 months. Up to date, there are more than 100 binary options brokers on the internet but there is only a small selection that is regulated. There are many brokers who continue to operate even after their license has already expired

Advantages of Trading with a Licensed Broker

Choosing a licensed broker is safer because the broker is required to follow a set of rules that aim to protect the clients’ funds. For example, before a broker can successfully obtain a license, they must segregate the clients’ funds into separate accounts at a respected financial institutions.

Trading a regulated brokers can protect your finance and you also get a chance to file a lawsuit in case they are closed down suddenly. Brokers that are regulated will not try to cheat your money because they are governed by a set of terms. They are required by the laws to offer high quality binary options trading products at a fair price.

However, it doesn’t mean that unregulated brokers are scam. There are still lot of brokers who have submitted their application and waiting to be approved. As soon as the license is issued, the regulator will update its list of regulated brokers.

A licensed and reputable broker will be backed by a team of reliable customer support. You should be able to find the contact information such as toll free telephone number, email address and headquarter address on the contact us page. They usually also offer live chat support for traders for 24/7.

Different Types of Binary Options Regulatory

There are many different regulators that regulate binary options brokers based in different countries.

  • CySEC (Cyprus Securities and Exchange Commission), the most popular authority regulator for binary options brokers, is based in Cyprus.
  • AMF (Autorité des Marchés Financiers) is responsible for regulating binary options brokers that are based in France.
  • The function of MiFID (Market in Financial Instrument Directive) is to regulate binary options brokers in Europe.
  • FSA (Financial Services Authority) was established to regulate binary options brokers located in the United Kingdom.
  • CFTC (Commodity Futures Trading Commission) regulates brokers that are in the United States.
  • FMRRC (Financial Market Relation) is the authority regulator based in Russia.

What to Check When Looking for a Licensed Broker

When looking for a broker, the first thing you should consider is its regulatory status. Established and licensed binary options brokers usually do not accept traders from the United States. Therefore, it is advised that you choose binary options brokers that do not accept USA traders. However, there are also some good licensed binary options brokers that accept traders from America.

Sometimes, a broker that is licensed by CySEC can be a scam so you must always read reviews to confirm that they are legitimate. Traders who have been cheated by voice their complaints on the web so make sure you perform an extensive research to find out all the complaints towards the broker.

You can check out the top binary options broker review sites where you get to read expert reviews and recommendations on different binary options brokers.

The best thing is to do a complete research on the broker aside from just checking the regulatory status. For example, you should do research on factors such as deposit/withdrawal, types of accounts offered, availability of demo account, ease of use of the trading platform, minimum trade size and trading tools.

Conclusion

In conclusion, choosing to trade with a licensed broker is safer but it also doesn’t 100% guarantee that a licensed broker won’t cheat your money. If you are from the USA and would like to trade binary options, you should trade with an unregulated broker that has lots of positive reviews.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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