Justifiably one can speak of a real boom of trade in binary options. For traders can enter with these products with calculable risks very good returns. However, should broker, who naturally want a positive binary options experience, not only know the said risks. At the same time it is the right partner for the Binärhandel to locate. This should serve customers well, make clear statements about the terms and beyond points with a good service.
To change a broker can be profitable for customers
The precise binary options provider comparison ensures that at any time it is known where successful action is possible. Many factors affect the benefits, but may also appear as negative criteria on suppliers and their commercial offers from. Because basically any time to expect a correction of the trading conditions, the supplier’s worth comparing. Because of the change of the broker is done usually simple and always holds the opportunity to reduce costs. New customers actions can make a switch appear useful if the potential new Broker provides otherwise comparable conditions good prospect. Also informed comparison over the black sheep, the winner and the best representatives of the industry. The following sections discuss the issues, must have the Trader during their broker search in view.
First, in bullet points like abstract that the fundamental criteria:
- the minimum deposit amount (on average from about 100 euros at account opening)
- the minimum trade totals by by Led Trade
- a possible loss protection
- the maximum return
- a Bonus
- government regulations, bringing security when trading
- the selection of assets (underlyings)
- the usable commercial species
- a German trade environment
- Training, and support (in German)
- the choice of payment methods
- Opportunities for mobile trading via tablet or smartphone
Yield, Mobile Trading and Regulation
The question of what a good Binary options broker distinguished, can hardly be answered universally. Of course, the maximum yield per trade plays a role in the quote comparison. Especially advanced traders looking specifically at ways for mobile trading, so that is very likely wanted compared to downloadable apps for smartphones and tablet PCs. Apps should be available for free. General regulation by public financial authorities as the Cypriot CySEC, BaFin, the German or the British FCA is a plus. Regular checks ensure after licensing for compliance with important trade standards. This includes the careful handling of client money, which should be kept independent of the company capital, so that they are in the case of a brokerage insolvency safely. Our Binary Options Experience shows that more and more brokers one license application.
Good brokers offer comprehensive support
Naturally broker should strive for optimal data protection. The website provides information on applicable safety standards. will not be that customer data to third parties, should be understood. Detailed and understandable for lay Terms ensure a good feeling. Reliable brokers offer an extensive German support their traders. The rule here is email, live chat or telephone hotlines. In many Binary Options opinions increasingly immersed VoIP service Skype as an option to contact. A fully usable in German trading platform prevents misunderstandings regarding the conditions on investor-side due to unclear translations.
Brokers can often hedge against losses
In order to form an objective Binary Options opinions, just have the exact trading conditions for the Binary great importance. This should be understood as repayment rates when traded options «out of the money» end. Often here, the term «loss protection» used. Not all brokers offer such financial protection, others have rates of 10 percent and significantly beyond. Account management fees are within the industry uncommon. Check should distributors that point yet very accurate in the applicable Terms of Binary options provider. Even items such as spreads and margins, as they know many forex traders are probably not applicable.
Traders have to deal with the fee model
From more or less hidden costs can often be spoken in the context of deposits and withdrawals. Do not give all the terms and conditions for a reliable insight into the business practice. If there are no precise indications, the contact support is recommended. Proceeds are mostly free, because vendors want so that deposit money and traders actively trade. Exceptions appear depending on payment method yet.Especially in the area of payments. Often at least one payment per month is free of charge possible. Only after that charges will apply, need to know the trader. The payout amount may affect the fees. Finally, traders should know the conditions under which a bonus is granted (for new customers, but also for existing customers with rain trade commitment and regular payments). A minimum charge within the first months after account opening is quite common.