The demo account is suitable for trading without risk. This can be changed as often as I like with just one click. Switching between the binary demo account and the real money account is also very easy with just one click.

For example, traders can test new markets or learn strategies. From my experience, I recommend every trader to first test the Binary Options Trading Platform in the demo account and learn the functions. This way, capital-intensive errors can be avoided for later real money trading.

A Binary Options trading account can be opened in a few minutes. With only an e-mail address and a secure password, you get direct access to the trading platform. You can directly test all functions in the demo account and start trading. Before the real money trade, the Binary Options Broker must determine your identity. For a complete account opening, additional personal information must be provided.

The broker will provide you step by step instructions for opening an account. The process can be completed in just a few hours. To do this, upload the required documents in the back office.

From my experience, the documents are confirmed within 24 hours. After that, all account features are unlocked and you can start real money trading.

In the following section, I would like to discuss the features of the IQ Option trading platform. The platform offers a variety of settings and is very user-friendly from my experience. Unlike other platforms, all features are just a few clicks away. This meant there is a very compact interface, which is very well suited to the demands of the trader.

In the picture below you can see a live screenshot of the binary trading platform. With the menu, you can easily choose between over different markets. The Binary Options broker is trying hard to expand its offer.

For example, in the field of cryptocurrencies, it is a pioneer and offers a variety of digital currencies for trading.

Select currencies, stocks, cryptos, commodities, indices, ETFs, or trading options with just one click. The new chart window with the asset of your choice opens immediately. You can switch back and forth between the open markets with just one click via the upper switching bar. Several markets can also be observed side by side at the same time.

The charts can be arranged arbitrarily by the dealer. In addition to the selection, you can also see the direct characteristics of the market. For example, see the current spread, leverage, and daily change at a glance. More information can be obtained via the info button screenshot below. Another important point for choosing a suitable Binary Options Trading Platform is charting. The majority of private traders make their trading decisions based on fundamental and technical analysis. Indicators and chart formations can be used to develop methods for trading.

The settings for the charts can be found in the lower-left corner of the platform. The most popular representation for the chart is the candlesticks. This candle formation offers the trader much information to interpret the market movement.

In addition to the candlestick, the trading platform offers 3 additional display options. Choose between the Candlesticks, Line Chart, Bar Chart, and Heikin Ashi. The colors can also be customized.

In addition to the charts, you can also set over 18 different time units. The selection ranges from a 5-second chart to a 1-month chart. Indicators and drawing tools are essential for technical analysis. The trading platform of IQ Option currently offers more than 50 different indicators, which can be inserted independently by the trader. This also works through the menu in the lower-left corner. For example, select Volume, Trend, or Momentum indicators to build your own desktop.

The settings can be saved as a template and can be duplicated as required. In addition to the indicators, there are also a number of drawing tools. So a complete technical analysis can be done.

Order execution at IQ Option is very user-friendly. This is not the case in the presented trading platform. Leveraged derivatives and financial products are offered. In the window below the dealer recognizes the multiplier leverage.

The leverage is also customizable with just a few clicks if you want to trade forex or CFDs. The trade execution is quite simple and very fast on the Binary Options Trading Platform. Make a forecast for the chart movement and trade in the direction you want. Also, there are different time horizons available.

The Binary Options are starting from 60 seconds to more than 1 week expiry time. You can see the risk and the possible return of investment in the order mask. Just do one click and your position is opened. The trading lever multiplies your bet or position size high.

The broker allows the trader to open larger positions with a lower margin of collateral. This is essential in many markets, as there is low volatility movement. The positions can be hedged with an automatic loss stop loss and profit limit take profit. These are the most important position management tools. The risk can, therefore, be limited. Then invest in falling or rising courses with just one click. Depending on the strategy, the trader can choose a specific price at which he wants to buy or sell automatically.

In the picture below you will see the order mask. Another advantage of the order mask is the potential profit via the sidebar. The trader can immediately see what percentage he makes or loses in a particular market move. This can help enormously with the position opening. The ordermask is very user-friendly and suitable for professional trading. The messages are divided into specific segments: General News, Forex Currency News, Stock News, and Cryptocurrency News.

Especially the income calendar for shares offers the trader a huge advantage. For example, the trader can react very quickly to fresh corporate data.

In summary, the range of news and analytics for which tradable assets are perfectly crafted at IQ Option. With quick access to the news, you can be one step ahead of other merchants. First, I recommend every trader fully verify his trading account before making the first deposit. Afterward, you can use all functions smoothly. The deposit is completely free and there are no hidden costs.

You can use 8 different deposit methods. Through electronic methods, the capitalization of the account works in real-time. The trading platform is designed for low and high capital trading. Beginners can approach with small amounts first. The disbursement of customer funds works just as easily as the deposit. You can request a withdrawal via the menu in your account. This payout will be reviewed within 24 hours and usually even sent earlier.

There are only charges for bank transfers. This may vary depending on the bank. Another important point is customer support for traders. In the trading platform, you can contact the support directly with just one click. This works via the built-in chat. It is even possible to write with other merchants in a group chat. This top spread betting and CFD broker has been around since and offers a strong proprietary general trading platform called TraderPro , available for desktops and mobile devices.

The broker also has a specialized binary trading platform called ETX Binary Options that supports fast execution and one-click trading, as well as high-quality charting tools. ETXCapital provides dealing access to more than 5, global markets and has a strong multilingual customer support service based in London. Tradable underlying assets for binaries include dozens of forex pairs, indices, stocks and commodities.

Also, make sure you are using a reputable broker since the security of your margin deposit should be your top priority as you decide which firm to use. My Account. Benzinga Plus. Log In. Our Services. News Earnings. Retail Sales. Insider Trades. Markets Pre-Market. After Hours. Binary Options. CME Group. Global Economics. Penny Stocks. Digital Securities.

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Although the potential for profit is great, binary options are unpredictable. Using the right software can give you a significant edge. Tim Fries is the cofounder of The Tokenist.

He has a B. in Mechanical Engineering from the University of Michigan, and an MBA from the University Meet Shane. Shane first starting working with The Tokenist in September of — and has happily stuck around ever since. Originally from Maine, All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.

Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.

Click here for a full list of our partners and an in-depth explanation on how we get paid. Unlike regular options, binary options can only result in one of two outcomes—either you profit a set amount, gain nothing at all, thereby losing your entire investment. Compared to vanilla options, binaries are much simpler. So, with all of that in mind, how do you get an edge? There are two main reasons why this is, bar none, the most important thing when trading binaries.

The binary options space is densely populated by scams, frauds, and all plain old bad services. Plus, on top of that, which legitimate ways you can trade will depend heavily on your place of residence. First on our list is Nadex—one of only two CFTC regulated U. With a transparent fee structure, good educational sources, and low fees overall, Nadex is a strong presence in the binary options space. It also offers quite a wide array of assets to trade.

Founded in Chicago in , Nadex is an exchange that is specifically tailored toward binary options. As a CFTC-regulated entity, it boasts impeccable security and has to meet a variety of stringent regulations in order to safeguard investors. traders, Nadex is also available in a variety of other countries, including the UK, Japan, Switzerland, South Korea, South Africa, Germany, India, New Zealand, and Cyprus. Opening an account is quite simple—the signup process takes about 5 minutes and requires proof of address and proof of identification.

There is no minimum account deposit associated with this service. Speaking of accounts, Nadex offers four account types: individual accounts for U. customers, individual accounts for international customers, demo accounts, and business accounts for U. The desktop platform is responsive, well-designed, and quite customizable.

It supports a good amount of drawing tools and technical indicators, as well as customizable charts. The platform also supports watchlists, daily market commentary from in-house experts, and video content.

Unfortunately, binary options mobile apps are currently banned in the U. Nadex also has plenty of well-produced educational content—especially when it comes to binary options. As far as tradable assets go, you can buy binary options for stock indices, forex currencies , commodities, and news events. All in all, Nadex has quite a few things going for it —and a very limited number of small issues—primarily the antiquated fees and the lack of mobile app. Binarycent was founded in in the Marshall Islands.

Although it lacks the strong regulatory licenses of Nadex and Cantor, it is regulated by a government agency—the Vanuatu Financial Services Commission VFSC. First things first—this platform is available to traders outside the U. Although the brokerage is user-friendly, accessible, and affordable, one thing stands in the way of it being catered to beginners—and that is the lack of educational content.

The only thing that is offered are relatively simplified explanations of basic terms relating to binary options trading. On the other hand, this flaw is somewhat remedied by the fact that clients can make use of the copy-trading feature to mirror the trades of more experienced investors. Binarycent supports three account types—bronze, silver, and gold.

The silver account gives you access to an online class, as well as three trades that are going to be refunded if you lose money. The gold account, on top of all of that, gives you access to a personal success manager.

As far as bonuses go, Binarycent is a mixed bag. Sure, the bonuses are appealing, but they come with a pretty strict stipulation—if you decide to make use of them, you can only withdraw after a turnover that is 3 times larger than your initial deposit plus your bonus.

It also supports both traditional charting and Japanese candlesticks and offers tips of technical analysis, chart patterns as well as a news section. The proprietary web-based platform is user-friendly, intuitive, and also supports a copy trading feature, which goes a long way in making the broker more user-friendly overall. Established way back in , Binary. com is an online brokerage that has managed to cultivate a user-base of over 1 million registered traders.

They also offer various payment methods, a large range of tradable assets, and an unbeatable variety of trading platforms. One of the things that set Binary. com apart from the competition is the sheer variety of regulatory licenses. They are regulated by the financial authorities of Malta, St Vincent and the Grenadines, Vanuatu, and the British Virgin Islands.

Once you sign up, you can immediately make use of the demo account. We heartily recommend trying out trading with virtual money first before making a final choice. This requires proof of identity, proof of residence, and the process takes around 24 hours. Once that is done, the only thing left is to fund the account, and Binary.

The most notable feature of this brokerage is the variety of platforms that are afforded to customers. Clients can make use of the SmartTrader, WebTrader, Binary Bot, MetaTrader 5, and Deriv platforms—all of which support binary options trading, apart from MT5. In particular, the WebTrader boasts powerful charting and drawing tools and is quite customizable. Established in , IQ Options is a platform that is regulated by the Cyprus Securities and Exchange Commission CySEC.

Since then, the platform has become hugely popular—and currently has over 50 million registered users, on top of handling more than a million transactions each day. Specifically, traders from the U. IQ Option offers clients access to an award-winning proprietary platform that is available in 13 languages. The platform is quite powerful—featuring an intuitive design, plenty of useful charting and drawing tools, and a variety of technical indicators.

One of the advantages of IQ Option is that it offers access to a lot of tradable assets other than binaries. This level of accessibility goes a long way in making this our top pick for beginners. As far as account types go, IQ Option has two—a standard account and a VIP account.

RaceOption was founded in , and the London-based broker currently manages more than 10, trades daily and has a little over 1, active traders. The highlight of RaceOption is how accessible it is—traders from the UK, Australia, and Canada can use this brokerage to trade binary options.

Although the brokerage does support U. clients, opening an account might be in violation of U. Although it is based in London, the company is a subsidiary of Finance Group Corp and Suomen Kerren, both of which are registered in Vanuatu.

One of the areas where this provider shines is the sheer variety of funding and withdrawal methods. As far as funding goes, RaceOption accepts deposits made via Visa, MasterCard, cryptocurrencies such as Bitcoin and Ethereum, and even some altcoins. RaceOption supports three account types—the innovatively named bronze, silver, and gold account. To actually get to the bottom of that puzzle, you need a good overview of what factors make a good broker or exchange so you can compare all the possibilities in earnest.

To put it in the simplest terms possible, binary options trading software is what gives you access to the binary options market. This software can either be from a brokerage, which gives you access to an exchange, or from an exchange itself.

Seeing as how this is the only way to trade binaries, finding a good platform is non-negotiable. However, not all of these pieces of software are alike—the difference between a good platform and a bad one is quite stark. To begin with the basics, not all platforms are available globally. And if you want to have any success at trading binaries, you have to pay attention to other factors such as research, educational materials, and execution speed. Without these two factors, even the best platform in a technical sense is a non-starter.

However, if those two conditions are met, the fact remains that not all binary options trading software is made equal. There are a variety of options, each with its own pros and cons. Binary options might seem simple at first glance, but you need a pretty thorough knowledge base, as well as a keen understanding of market conditions to reliably secure your gains.

Educational materials are the less important of the two. Binary options are traded in the short-term—the tenor or expiration date of most binaries is usually one week at the high end and could be as short as 10 seconds in the case of certain highly-specialized software providers. No matter what timeframe you intend on trading at, the reliability and speed of your chosen platform will be crucial to success.

How fresh the information you have access to via a platform plays a very important part in pulling off winning trades. As usual, real-time market data is the best possible scenario—and quite a few exchanges do offer this to clients free of charge. Even so, a wide range of assets that you can speculate on is an important feature. Firstly, more variety equals more potential opportunities in total and allows you to regroup and go in a different direction if your option trading hits a snag with a certain asset class, such as stocks or ETFs.

Secondly, you might already be familiar with certain asset classes due to past experience. If that is the case, forming a workable hypothesis regarding how the market will behave in the short term will be much easier for that asset class. If you can find a platform that supports binaries of your preferred asset classes, all the better.

The fact that an exchange might be available to you does not automatically mean that it is accessible to you.

Cryptocurrencies have slowly taken the spotlight. No matter what timeframe you intend on trading at, the reliability and speed of your chosen platform will be crucial to success. However, if those two conditions are met, the fact remains that not all binary options trading software is made equal. As usual, real-time market data is the best possible scenario—and quite a few exchanges do offer this to clients free of charge. These online brokers all offer a variety of asset classes and include the ability to execute binary options trades. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. How fresh the information you have access to via a platform plays a very important part in pulling off winning trades.

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