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Binary Options Binary Options Brokers - How to Choose a Broker

Discussion in 'Binary Options Forum' started by Trader, Mar 23, 2015.

  1. Trader

    Trader New Member Founding Member

    Joined:
    Jan 5, 2015
    Likes:
    16
    Occupation:
    Trader
    Location:
    Sweden
    Choosing a Binary Options Broker is very difficult for a newbie.
    You have to be very cautious and do your due diligence before
    investing your hard earned money with a company.

    There are loads of fake websites with fake reviews and nice comments
    about a broker. The majority of them are just people who want to make
    a quick buck off of beginners who are not familiar with this business.
    They are not traders and they don't care what happens to you.

    Always read reviews on a website where there are traders who really trade and not just
    pretend they are trading. Often they share their analysis in the forums including pictures and
    they are glad to help a fellow trader. These websites are much more trustworthy.
    -------------------------------------------------------------------------------

    Step one in choosing a reliable broker:

    Always, again, always choose a regulated broker!
    In Europe, most regulated brokers are regulated by CySec which is in Cyprus.
    These brokers do not allow US citizens to sign up because the US laws does not allow
    them to. There are other brokers for US traders and regulation is in process.

    Two:
    Regulation is not the only concern, reputation is as important.
    Again, you want to check with reliable traders on reliable forums.

    Three:
    Always read the terms and conditions! I know it's a boring process and you are
    eager to jump into trading but do yourself a favor and read the T&C first.

    Four:
    Test them first, don't just throw in all your life savings like some people do, yes some people
    actually do that! Believe it or not... With scam brokers too.
    Make the minimum required deposit, usually 200 and try them out.

    Five
    Beware of bonuses and other offers, basically everything comes with a string attached.
    Bonuses are not bad if the terms and conditions are good and you agree to them, with a regulated broker
    of course. Most people neglect the T&C and end up never seeing their money again.
     
  2. chrisbis

    chrisbis New Member

    Joined:
    May 31, 2015
    Likes:
    0
    Occupation:
    Interiors
    Location:
    Tamworth, Staffordshire, England
    Sound sensible advice...thank you:)
     
  3. rongarm10

    rongarm10 Member Lineage to Founders

    Joined:
    Mar 5, 2015
    Likes:
    18
    Recently I have been getting a ton of e-mails from different people saying that they have the best "trading signals or bots (robots)" in the business. All of these people are from out of the USA. Some of these are regulated by the CySec, but not very many are in anyway regulated. There are a few that are actually recommended. Such as CherryTrade, Porter Finance, Boss Capital, etc. I almost decided to try this one guy call Auto Binary Signals, by Roger Pierce. They seemed (at least in their advertisement) to be pretty good. Also another guy Jacob Clark with Fisher Method, which also was pretty interesting. Have any of u heard of them? To make a long story short, I didn't do either one. Since I have never traded binary options or any trading of any kind, cept baseball cards when i was a little kid, I would be very interested in learning how to trade binary options. Does anyone in here actually teach people how trade binary options? Or suggest a site where they might teach people how to trade? Just sayin.
     
  4. kenneth warren

    kenneth warren New Member

    Joined:
    Jun 9, 2015
    Likes:
    1
    Occupation:
    Binary options trader
    Location:
    UK
    I make use of the money management strategy which involve me using a trade calculator software which gives me 98 signals everyday which lifts my trade to 78% and gives me a win of $350 everyday with the minimum amount of money invested in my broker account($250) and $2575 weekly. This are not mere words because I have proofs to it, am here to teach whoever is interested how i make it this big trading binary. Mail at If you are interested in knowing how I make it big
     
  5. Trader

    Trader New Member Founding Member

    Joined:
    Jan 5, 2015
    Likes:
    16
    Occupation:
    Trader
    Location:
    Sweden
    Good decision to not join. You should absolutely not join any of those as they are all well known scams in the binary options industry.
    Yes but advertisements are not to be blindly trusted. Yes there are websites that do provide good education and I do educate traders too. You can PM me and I will guide you pass the scams to something legit.
     
    Gigi likes this.
  6. Amar

    Amar New Member

    Joined:
    Jun 13, 2015
    Likes:
    1
    Did you find anything legit and non-scammy?
     
  7. Trader

    Trader New Member Founding Member

    Joined:
    Jan 5, 2015
    Likes:
    16
    Occupation:
    Trader
    Location:
    Sweden
    Amar, don't waste your time, such emails are always scams.
    "Best trading signals and robots" - they just make money off of you losing money
    and the broker pays them. There is a conflict of interest.
    Choose a website that teaches you something good, like how to trade.
     
    Mark V likes this.

  8. Amar

    Amar New Member

    Joined:
    Jun 13, 2015
    Likes:
    1
    Sure buddy, from now on, u r my mentor for Binary trading :)
     
  9. watson7tyler

    watson7tyler New Member

    Joined:
    Dec 7, 2015
    Likes:
    1
    I agreed.
     
  10. Thiped72

    Thiped72 New Member

    Joined:
    Feb 8, 2016
    Likes:
    0
    Location:
    Pakistan
    Binary option trading is very good way of making money and if you want to be a successful trader then choose a reliable broker like Binäre Optionen Broker
     
  11. optionruler

    optionruler New Member

    Joined:
    Mar 2, 2016
    Likes:
    4
    Location:
    UK
    Excellent sound advice Trader.
     
  12. Dilan

    Dilan New Member

    Joined:
    Aug 26, 2016
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    0
    Location:
    Netherland
    Thank you for the advice :)
     
  13. Christopher

    Christopher New Member

    Joined:
    Sep 5, 2016
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    0
    Location:
    texas
    Dont waste your hard earned money anymore. As a trader, i believe that key to success in binary option completely depends on the trader being consistent and dedicated to a benefiting style of trading techniques. Well, if you are still seeking for a helping hand, feel free to contact me by my Email strickert.c at yahoo dot com
     
  14. Cavin Fox

    Cavin Fox New Member

    Joined:
    Aug 28, 2017
    Likes:
    0
    Location:
    Greece
    Hi there! I have traded with Banc de Trust and all my payments won. Highly trusted and with good reputation.
     

  15. Amar

    Amar New Member

    Joined:
    Jun 13, 2015
    Likes:
    1
    What strategy u use Anyone has strategy method that gives consistent wins?
     

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