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Questions Before Making The Selection Of The Binary Broker
The binary trading has come a long way and has been flooding with many players. These brokerage houses or the websites offers the same thing but with some distinct benefits to differentiate themselves. Though every binary brokerage site looks the same, there are some key parameters which one must consider while making the selection.
Our endeavor here is to provide you the list of questions which should form the basis of your ultimate selection. Though the list is not an exhaustive one, it definitely provides the fair idea on each of the key selection parameters and why that parameter is important in the selection process.
ExpertOption Platform Review
ExpertOption uses their own custom built trading platform for binary options trading platform. There are many assets to choose from including most Forex pairs, Oil and major market indexes like the S&P500. The trading platform is very easy to use, and they offer high payout on various options. When we reviewed the broker, it seems that the maximum expiry time for a binary option is only 15 minutes. Basically, you can select a time between 60 seconds and 15 minutes for expiration. We hope they will introduce longer time frames soon. Their website is available in many languages including
Expert Option License
When reviewing brokers to see who is a real broker and who is a scam broker the first thing to do is check for a license. Are they licensed by CySEC in Cyprus, and are they accepted in the European Union under MIFId regulatory rules? ExpertOption is licensed by the Vanuatu Financial Service Commission, and the FMRCC in Russia. Their payment processor is: Vested LP, 28 October avenue, 317, Limassol, Cyprus. When choosing a binary options broker, it is important to check the list of regulated brokers. Always make sure that the broker you are trading with is licensed and regulated.
Traders wishing to open an account with ExpertOption have a wide range of options including the most traditional to the more contemporary e-Wallets banking methods. The minimum deposit amount is just 10 dollars and this makes the site a simple and easily accessible one. This amount is the lowest in the industry and is a good motivating factor to new traders who would wish to gain trading experience. ExpertOption has a very quick and efficient withdrawal and deposit system which guarantees short turnaround times with a good customer support facility. All traders’ funds are held in European banks that are secure and which enable traders to have a peace of mind when trading.
A nice feature of the Expert Option platform is the continuous stream of trading alerts and trading signals. The signals cover all their assets, and have either Strong Buy, Buy, Neutral or Sell & Strong Sell. As with any binary option trade signals it is important to understand what the signal is based on and you should demo trade first. It is great that they give you a $10,000 free demo account right away, see here. They do not offer an automated trading software. If you want to use a robot for trading then look at this article about various binary option robots.