Optionfair binary options brokers for usa simple and
Beginners will quickly get excited when they find out that OptionFair has one of the highest average returns per asset industry wide. Their financial asset table changes every 15 minutes, creating a high pressure environment, based more on whether the chart is going up or down than any clear strategy.
The learning tools are fairly basic and whilst information on the assets and the market can be found, these are not necessarily readily available, especially with the constant short term trades-always available. Be sure to come to the Option Fair site with a set and tested trading strategy.
As mentioned above, OptionFair specialise in short term trades, including 60 seconds, constantly changing, but you can find longer trade options if you want. However expect trades of longer than a couple of days to be the exception rather than the rule.
Every binary options platform has that golden nugget that makes it stand out from the rest. There are no fees or commissions on first deposits or purchases. There is no maximum withdrawal limit for OptionFair and they boast to be able to process these within 36 hours for verified accounts to 5 days. These will usually be given back via the method deposited and the first time you do, you will be asked for proof of identity. However if the value of the withdrawal exceeds the initial amount, the rest of the money will be sent via wire-transfer.
Being regulated by CySEC Cyprus Securities and Exchange Commission can give you a little piece of mind that your deposits are securely held and any complaints that arise will be dealt with swiftly. OptionFair's website is available in 13 different languages, but only English, Italian, Spanish, Arabic and French are available over the phone in local languages.
Based out of Cyprus, they have an excellent Live Chat service available and from experience they are very quick to answer any issues over email. However be aware that they are a weekday, 9 to 5 type of company. Scan through assets, choose your instrument type along with the direction and your price before hitting the buy button to open your trade.
Registration is free, and once you do, you can simply ask support for your free eBook detailing how to start trading options and recognise trends.
A nice read for trading beginners. They will also provide you with background information on all traded assets and graphs showing historical data, as well as a comprehensive Trader Centre, giving you daily financial market analysis figures and a comprehensive glossary and overview of their binary options system.
However these are all fairly standard requirements of any binary option broker, so the question is, what do they provide extra? Finance, a trusted third party. Not only that but they also offer binary options trading signals called FairSignals.
This automatically alerts you letting you know which are the most profitable trade opportunities currently available. Just remember to contact your account manager to activate them.
Unfortunately there is no OptionFair demo account to let you get to grips with their system, however they do offer all new traders 5 risk free insured trades on sign up. This OptionFair review shows that they are a great binary options trading platform. Covering most of the major languages, with a simple trading process and modern and elegant style, you can see why so many people are attracted to this no download needed platform — and why they license out this platform to third party options brokers.
But the real reason people flock to this online financial trading broker is the high returns on short term trades which can make a knowledgeable trader very rich very quickly. The OptionFair platform is safe and enjoyable to use and has a lot to offer you, the savvy trader. If you are looking for more then try taking a look at other reviews. Binary options can be used to gamble, but they can also be used to make trades based on value and expected profits. So the answer to the question will come down to the trader.
If you have traded forex or its more volatile cousins, crude oil or spot metals such as gold or silver, you will have probably learnt one thing: Things like leverage and margin, news events, slippages and price re-quotes, etc can all affect a trade negatively.
The situation is different in binary options trading. There is no leverage to contend with, and phenomena such as slippage and price re-quotes have no effect on binary option trade outcomes.
This reduces the risk in binary option trading to the barest minimum. The binary options market allows traders to trade financial instruments spread across the currency and commodity markets as well as indices and bonds.
This flexibility is unparalleled, and gives traders with the knowledge of how to trade these markets, a one-stop shop to trade all these instruments. A binary trade outcome is based on just one parameter: The trader is essentially betting on whether a financial asset will end up in a particular direction. In addition, the trader is at liberty to determine when the trade ends, by setting an expiry date.
This gives a trade that initially started badly the opportunity to end well. This is not the case with other markets. For example, control of losses can only be achieved using a stop loss. Otherwise, a trader has to endure a drawdown if a trade takes an adverse turn in order to give it room to turn profitable. The simple point being made here is that in binary options, the trader has less to worry about than if he were to trade other markets.
Traders have better control of trades in binaries. For example, if a trader wants to buy a contract, he knows in advance, what he stands to gain and what he will lose if the trade is out-of-the-money.
For example, when a trader sets a pending order in the forex market to trade a high-impact news event, there is no assurance that his trade will be filled at the entry price or that a losing trade will be closed out at the exit stop loss.
The payouts per trade are usually higher in binaries than with other forms of trading. This is achievable without jeopardising the account. In other markets, such payouts can only occur if a trader disregards all rules of money management and exposes a large amount of trading capital to the market, hoping for one big payout which never occurs in most cases. In order to trade the highly volatile forex or commodities markets, a trader has to have a reasonable amount of money as trading capital.
For instance, trading gold, a commodity with an intra-day volatility of up to 10, pips in times of high volatility, requires trading capital in tens of thousands of dollars. The payouts for binary options trades are drastically reduced when the odds for that trade succeeding are very high.
Of course in such situations, the trades are more unpredictable. Experienced traders can get around this by sourcing for these tools elsewhere; inexperienced traders who are new to the market are not as fortunate. This is changing for the better though, as operators mature and become aware of the need for these tools to attract traders. Unlike in forex where traders can get accounts that allow them to trade mini- and micro-lots on small account sizes, many binary option brokers set a trading floor; minimum amounts which a trader can trade in the market.
This makes it easier to lose too much capital when trading binaries. In this situation, four losing trades will blow the account. When trading a market like the forex or commodities market, it is possible to close a trade with minimal losses and open another profitable one, if a repeat analysis of the trade reveals the first trade to have been a mistake.
Where binaries are traded on an exchange, this is mitigated however. Spot forex traders might overlook time as a factor in their trading which is a very very big mistake. Binaries by their nature force one to exit a position within a given time frame win or lose which instills a greater focus on discipline and risk management. In forex trading this lack of discipline is the 1 cause for failure to most traders as they will simply hold losing positions for longer periods of time and cut winning positions in shorter periods of time.
Below are some examples of how this works. This psychology of being able to focus on limits and the dual axis will aid you in becoming a better trader overall. The very advantage of spot trading is its very same failure — the expansion of profits exponentially from 1 point in price.
They will simply make you a better overall trader from the start. To successfully trade you need to practice money management and emotional control. Introduction Video — How to Trade Binary Options These videos will introduce you to the concept of binary options and how trading works. Here are some of the types available: Will a price finish higher or lower than the current price a the time of expiry. These can often be some way from the current strike price.
Select the asset or market to trade — Assets lists are huge, and cover Commodities, Stocks, Cryptocurrency, Forex or Indices. The price of oil, or the Apple stock price, for example. Select the expiry time — Options can expire anywhere between 30 seconds up to a year. Some broker label buttons differently. Choose a Broker Options fraud has been a significant problem in the past. Here are some shortcuts to pages that can help you determine which broker is right for you: Low minimum deposit brokers — if you want to trade for real without having to deposit large sums of money.