Binary options are some of the most beneficial financial instruments in the contemporary trading industry. Trading binary options is simple and easy. Still, you just have to be good at trading conventional financial markets like Forex, stock, indices and commodities in order to succeed in trading derivatives like binary options.
Anyway, whether you are a rookie making your first steps in the trading environment or a professional trader, you still need a reliable partner in this world of finances, which is a broking company. It is the broking company (or simply the broker) that let's you access the interbank market and reach your counterparts to actually make trades and win big.
There are many broking companies in the industry of binary options. Still, no all of them are equal. Obviously, a retail trader/investor sometime doesn't have enough experience when it comes to choosing a trusted and fair broker. Some of them do not have enough time or desire to study all the information available on the web or even to test them out.
That is why Masterforex-V Academy created Masterforex-V Expo, a project embracing many different unbiased and reliable ratings of broking companies. This project is designed to help traders choose among the industry's best rather than having to learn bitter lessons.
One od those rating is the rating of binary option brokers. This rating is based on multiple unbiased and independent criteria coupled with open voting.
Traders On Rating Criteria
According to the trading experts of Masterforex-V Academy, the problem of choosing a reliable broker is a burning issue. It is on the list of the most popular requests and questions asked on various related forums and social networks. While most experienced traders already know what to pay attention to, rookies often fall prey to catchy ads promising you to get from rags to riches almost in an instance. So, somebody should help those guys. That is why Masterforex-V Academy actually created the rating.
The rating is based on a number of criteria. Each criteria gives a broker a certain amount of rating points depending on the scale. The list of criteria includes:
1. The year of foundation. The more the company exists, the higher chances are that this is a stable and reliable company. Fakes never last long.
2. Multiple awards. They usually confirm the fact that the company is recognized and valued by the international trading community.
3. PR and appearance in mass media.
4. Open voting reflecting.
5. Client feedback.
As of May 2014, the TOP 9 looks as follows:
As you can see, the current frontrunner FO the ultimate league (League A) is 24option with 247,20 rating points. If to consider the client feedback, the company is the industry's leader thanks to its client-oriented approach coupled with innovation, diligence and constant efforts to improve its products and services
The runner-up is Anyoption (241 rating points). This is one of the biggest trading platforms for binary options.
Optionova is number 3 (233,40 rating points). All of these companies are subject to innovation, constant development and orientation towards clients.
The top also includes:
- Stockpair - 213.00 rating points;
- OptionFair - 196.10 rating points;
- Unioption - 181.10 rating points;
- CitiTrader - 173.10 rating points;
- OptionsClick - 159.40 rating points;
- MarketOptions - 152.30 rating points.
League B includes less popular companies:
- MarketsWorld - 146.00,
- Binary360 - 133.60,
- uTrader - 128.00,
- XLoptions - 126.50,
- PhenixOption - 117.50,
- Trading247 - 113.10,
- Trade770 - 109.40,
- EZTrader - 107.00,
- TradeRush - 106.50,
- IQ Option - 101.00,
- TradeQuicker - 79.30.
League C is represented by even less popular companies:
- BanqueOption - 72.50,
- GOptions - 71.00,
- Zoomtrader - 61.50,
- Global Trader 365 - 57.90,
- Binary.com - 51.00,
- Opteck - 45.00,
- GTOptions - 41.00,
- FrontStocks - 40.00,
- iOption - 38.00,
- Cedar Finance - 35.00,
- Dragon Options - 33.00,
- First Binary Option Service - 30.00,
- Banc De Binary - 29.10,
- OptionBit - 20.00.
Benefits of Binary Options
Binary options are getting more and more popular with various kinds of traders all around the globe. This is quite logical if to consider the fact that trading these derivatives is pretty easy and simple if to compare it to trading other conventional assets like currencies, stocks or commodities.
Apparently, when trading binary options, you don't have to make as sophisticated calculations as you do when trading conventional assets. At the same time, there are many flexible trading strategies that can be applied to binary options. The biggest benefit is that the trader makes money by predicting short-term price move and ranges. You can make money by predicting whether the price goes up or down/ touches a certain level/ stay in a certain range within the next 10/30/60 minutes. The instrument is flexible since you can choose between hundreds of financial instruments and change parameters (such as the lifetime of the option) as you wish.
And finally, when trading binary options you know your risks and potential profits in advance. The risks are lower than those seen in conventional trading. It is not accidental that more traders call binary options the future of trading. Let your money multiply itself while you enjoy the process! Good trading!
