Binary options are the kind of derivatives that can either make you lose the entire investment or let you win the amount of money close to or equal to 100% depending on the binary broker you trade with. These are all-or-nothing investments. The risk and the potential reward are known even before you open a trade. This is one of the key reasons why binary options are still getting more and more popular worldwide. With that being said, you may calculate the amount of winning trades versus losing trades you need to break even or to start profiting from your trading activities.
On top of that, binary options have the so-called lifetime, which means they expire at some point in the future. If the lifetime of the binary option you have chosen is, say, 5 minutes, this means that once you have purchase it, the option is going to expire in 5 minutes’ time regardless of the outcome. That’s why it is important to make your predictions based on the projected time period you have chosen. More often than not, the lifetime of binary options varies from a couple of minutes to a couple of hours. There are the so-called turbo options, which are essentially the same kind of options but with a much shorter lifetime – from 30 seconds to 60 seconds for the most part.
With that being said, when it comes to trading binary options, everything boils down to choosing the direction and the lifetime of the option. If you expect the underlying asset to go down relative to the current price over the chosen period of time, you choose a put option. Otherwise, you pick a call option to win if you eventually happen to be right.
However, even if you have mastered your trading skills all the way up to the point when you can actually predict the direction correctly for 7 or more trades out of 10, you may end up being a millionaire. Still, there is one but. Even if you are the best trader in he world, you still cannot do without a broker. The thing is that the broker is the only way for the average retail trader to access the market and trade those binary options versus other market participants out there. That’s why the broker you have chosen has to be reliable so as to not let you down when you happen to succeed in binary options trading over the long term. Indeed, there is a bunch of disreputable brokers out there. They even outnumber the reputable ones, which is why you should be careful when making up your mind.
While choosing a reputable binary broker can be a real challenge, there are certain shortcuts to doing so. For example, there is an online source of unbiased ratings highlighting the FX and BO industries. It is called Masterforex-V EXPO. The local ratings get you up and running with everything you need to know about a certain broker operating in the contemporary Forex or binary options industry. This is a total timesaver! With Masterforex-V EXPO, you don’t have to spend hours and sleepless nights trying to compare one broker against the other. Everything is already done for you. All you need to do is to look up you broker in the rating and make up your mind.
This time, we are going to let you get familiar with the binary options rating. As the rest of the ratings out there, this one is updated on a monthly basis to let you get the most up-to-date information on the market niche you are in. The latest update took place in late April 2016. Here is the updated rating:
The TOP 5 is represented by the following binary options brokers:
- Anyoption
- IQ Option
- Stockpair
- Binary360
- OptionFair
The rest of the rating looks as follows:
- 24option
- uTrader
- CitiTrader
- XLoptions
- PhenixOption
- OptionsClick
- OptionBit
- Zoomtrader
- Trading247
- Unioption
- Trade770
- First Binary Option Service
- Banc De Binary
- TradeQuicker
- MarketsWorld
- GOptions
- Global Trader 365
- EZTrader
The outsiders are:
- Verum Option
- Binary.com
- FrontStocks
- iOption
- GTOptions
- Cedar Finance
- TradeRush
- Dragon Options
- Binomo
- Opteck
By the way, you can take part in the year-long open voting, which is going to be taken into consideration to determine the best binary options broker of the year. With that being said, if you want to support your favorite broker by casting your vote for it or if you want to report negative feedback and prevent a certain broker from reaching the top of the rating, you are welcome to vote for or against the broker on Masterforex-V Expo’s official website. Good trading!
