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Fundamental Analysis

The Difference Between Technical And Fundamental Analysis

In today’s financial word, two main types of analysis exist when you are looking at and trying to understand the market – technical a...

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Microeconomic factors

What Are Microeconomic And Macroeconomic Factors?

When people study the economy, they generally take one of two approaches. They will look at it from a microeconomic level or a macroecono...

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Welcome to Options Brokerz, your resource for reviews on top-rated binary options platforms around the web. Our website and business blog also offer a range of topics covering trading psychology, risk management and trading strategies. Binary options are still relatively new financial instruments that have been in widespread use since 2008. However, there are many countries around the world that still do not recognize them or have regulations in place to protect traders from fraudulent practices. Some of the most significant factors to consider when selecting a binary options broker include a technologically-advanced trading platform, security and regulation, ease of transactions and an unrivaled customer support experience.

It’s always important to choose a platform that boasts efficient trade executions, so no move is lost due to slow technology. Many brokers offer mobile apps that are available for smartphones and tablets. They enable traders to monitor open positions on-the-go, place new trades and track the latest market developments in real time. Spot Options is a leading provider of binary options platforms and is regulated by the Cyprus Securities and Exchange Commission (CySEC). Any business that obtains such certification is subject to stringent regulatory requirements that include maintaining minimum capital requirements, consenting to audit procedures throughout the year, providing segregated accounts and maintaining adequate liquidity. In terms of security measures, it’s important to read the privacy policy of each broker you contract to do business with. Additionally, look out for Secure Socket Layer (SSL) protection and double encryption methods.

This security standards tie in directly with payment methods and transactions. With the advent of online trading, many payment processing systems have been established to streamline each transaction. Some of the most popular binary options platforms accept payments in the form of credit cards, bank wire/transfer, Skrill, Neteller, WebMoney, Qiwi, Sofort, iDEAL and CashU. The account type you choose will usually outline your limitations for each investment, bonus amounts and number of free withdrawals. Again, this is something to ask your broker about prior to investing your personal capital.

You’ll also want to ascertain the range of options types, formats and expiry times that are available to you through the platform. Some of the most popular formats include Classic, Long-Term, Pairs, One Touch, Sixty Seconds, Roll Over and Sell. Having a wide variety of features will give you greater flexibility over each trade you place and help you refine your most successful strategies with time. It’s also essential to have an array of underlying assets to choose from. Some of the best platforms will have over 300 assets on tap covering commodities, currencies, indices and stocks. Work with brokers that offer stocks for renowned companies such as Google, Yahoo and Disney and well-known indices such as the FTSE, NASDAQ, CAC and NIKKEI. Premium commodities classes include oil, silver, gold and platinum. Finally, major currency pairings include the EUR/USD, GBP/USD, GBP/EUR and USD/CAD.