Review of Some Binary Options Marketplace — Investment Bloom
What’s a Binary Options Marketplace?
Binary options marketplace is a platform where you can trade binary options over various assets, including fiat currencies, stocks, CFD, indices, cryptocurrencies, and so forth. These marketplaces majorly come in the form of trading platforms or trading brokerage sites. Binary options trading itself has gained massive popularity, and there are millions of traders and investors today.
Since Binary options have become so popular, more marketplaces come with binary options, even trading. Some sites appear as dedicated binary option trading platforms. However, some of these sites turn out as stock scams or frauds. Despite its popularity, many binary options curious investors are worried about these scams
These are reviews of some binary options marketplace below.
IQ Option Binary Option Market Place
As we write this article, IQ Option appears as the #1 binary options marketplace. IQ Option offers a highly accessible platform. You can enjoy a user-friendly interface throughout the platform even though you’re new.
When it comes to maximum payouts, it provides the best rate among the comparable platforms. What is more important is that IQ Option offers an extensive range of binary option diversity accounts that you can choose from. It’s available in web services and for mobile phones. Before getting started with real trading, you can try the demo account to simulate trading with virtual cash.
Unfortunately, IQ option has a minimal market majorly concentrated in South Africa. Even countries with many traders like the US, Australia, Japan, and European countries aren’t allowed to trade with IQ options.
The Belize-based online trading platform is CyseC-regulated and well-known for its top-notch financial analysis tools. There, you can have a range of access to trade from CFDs to Binary options. It offers a user-friendly and intuitive trading platform interface that welcomes all traders’ range, and they have an excellent on-site chart platform. The use MT4 platform is a respective implementation that helps you gather valuable real-time information.
There are some minor downsides of 24Option you should consider. They offer a limited maximum profit of 88%, which is generally lower than comparable competitors. On the other hand, it has a limited client availability and is currently not available for US traders. This way, your security fraud lawyer can step in for any investment disputes. As expected, most traders use 24Option for its analysis tools and comprehensive features.
Binary Cent Binary Options Marketplace
BinaryCent is a CFD-based trading platform that offers binary options trading experience with low minimum investment amounts. The platform isn’t only very accessible, but you can also enjoy extensive binary options educational material.
BinaryCent offers vast potential profits with innovative platforms and many copy trading tools. You can trade binary options both from desktop and mobile devices through a reliable app. Furthermore, you can earn up to 95% of your profit. Get your gold account, and you’d make a 100% bonus.
Despite all the advantages, it’s unfortunate that they do not provide you with trading signals anywhere in the platform and services.
However, BinaryCent allows traders of all levels to experience fair binary options trading opportunities. Beware of the binary options scams. You’re currently a victim of one. You should read some writeups on how to recover from investment fraud before starting any binary options trading.
Nadex is a legit exchange platform with amazingly designed software. It offers various markets you can choose from for diverse assets, including binary options, forex, indices, stocks, and commodities. Nadex is also reportedly the only licensed broker in the US and the safest one. Even though it doesn’t have a dedicated app yet, you can use a mobile browser to access Nadex.
They also offer an excellent demo account for binary options you can try out before actually trading on the platform. You can have more assets and commodities for binary options trading with Nadex.
The only downside of the Nadex platform is that they require a $250 initial deposit to start trading, which is higher than any comparable person. However, Nadex isn’t a brokerage fraud as you can easily confirm their license and regulation.
Binary.com is home to multiple trading platforms instead of one. You can choose from various trading platforms. This way, they welcome traders of all experience levels, and they work for most countries(no home-based restrictions). When it comes to binary options, you will find some rare options that you can find in other trading platforms or brokerage sites. The site supports web browsers for PC and mobile devices. Binary.com has extensive regulations and payment methods that provide you with both safety and flexibility.
Despite the ambitious vision of providing services for all countries, you should know that not all offerings are legal. They may be investing scams, while the withdrawals are only possible for UK clients only. In the end, the legit options would depend on your home country, and you’d proceed with trading wholly at your own risk.
RaceOption
Race option is a binary options broker based in the UK but welcomes clients from most countries, including those with strict regulations, including the US, Canada, and Australia. There’s no restriction based on your home country with RaceOption.
The platform offers various markets, and you can fund them in multiple ways. It becomes an attractive option for binary options trading for maximum deposit bonuses of 100%. Multiple payment methods are available, including cryptocurrency payment, even though it doesn’t cover crypto trading.
The are arguably considered for binary options traders as it requires a high deposit and only provides you with only 90% maximum payout. However, it’s still a great option to trade in a safe and well-regulated trading platform.
Finmax is one of few regulated brokers well-known for its full-featured platform and incredibly helpful customer support. The venue hosts an extensive range of valuable trading tools that you can use for Binary Options and other assets or instruments. They have a considerably good market spread that makes it more competitive than comparable platforms where the maximum returns are 90%.
It fully supports your desktop PC and mobile device. For binary options traders, Finmax has eligible software tools with various expiry times that accommodate your preferences.
Finmax offers a minimum deposit of $250, which is considerably high. However, the well-regulated platform, great tools, and top-notch customer support help you avoid massive investment losses from binary options trading. These already make up the little downside.
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Originally published at https://investmentbloom.com on February 15, 2021.
