The Top 5 Best Binary Options of 2013
If you’re searching for binary option brokers, you already know the importance of creating an internet presence in today’s world. To help you find the best binary option brokers for your financial trading, we’ve reviewed numerous binary option providers, so you don’t have to! Our expert editorial staff ranked and evaluated their features, services and products to bring you our list of the top 5 binary option companies. We invite you to read more about how we rated the top providers below according to price, customer service, reliability and overall experience.
Disclaimer: We work hard to offer you valuable, reliable and unbiased information about all of the products and services we review. In order to provide you with this free service, we use links on our site that provide us with commissions for referring you to the seller's site. We guarantee that this does not influence any of the material we present, but only supports our honest efforts to offer you the best and most thorough information possible.
What Are Binary Options
Binary options are a new type of lucrative trading in which the trader makes a prediction on how a commodity/stock will move: Up or Down. Sounds simple right? Well that’s because it is! However, to make a lot of money in binary options on a consistent basis your going to need to follow a strategy which gets you the highest returns but keeps your risk low. Many of the big trading companies offer FREE crash courses in options trading.
Why Trade Binary Options?
So you can make money of course! But is it really that simple? Well nothing in this world ever is! But binary options are extremely lucrative and if you work hard you may make 100s or even 1000s a day! That is what separates it from futures, forex and traditional trading! The risk is high, but the returns are massive, sometimes up to 500%. (Read More…) Can you imagine investing $200 dollars and making 500%, that is $1200! Now imagine if you were doing that and more everyday of the week! You will live the dream!
Will I Lose Money?
If you are afraid to lose a bit of money and learn the ins and outs of trading high return options then this is not the field for you. In order to make money you are going to have to spend some and there is a chance you could lose money in the beginning. However, if you are willing to put in some time and effort then the returns could be astronomical! I personally know two people who have made an absolute fortune (6 zeros!) in the space of a few months trading binary options. And you know what? They are still making money!
This is something a broker with a very high payout ratio can’t offer. Imagine a broker that barely makes money with its traders. How can he finance a good customer support? A broker with a decent or slightly worse payout ratio can. There’s a trade-off between high payout and good customer support. And that’s what binary options trading is all about: Making trade-offs like that. You can’t have everything with one broker and it’s not all black and white. A good customer support is vital because you sometimes need help – not all the time but sometimes. And when you don’t get help or only poor help it will hurt. Imagine there’s a software bug and your option that was well in the money suddenly disappears. This can happen. Don’t you want a great customer support that is immediately available through live chat in this case? I do!
This is another trade-off. A good trading platform costs money. Period. A broker either licenses a certain platform or develops it on its own. There are very good platforms you can license but they cost money. It’s also possible to develop an excellent trading platform but this is even more expensive. It’s hard for a broker to have very high payouts and still have an excellent platform.
How Do I Get Started?
Just go to one of our recommended brokers and open up an account. To start trading you are going to need to deposit a minimum of $200~$250, however many brokers will allow you to open up a demo account to test your skills for free. If you want to hone your trading skills without spending money then this is a great way to start!