With so many binary options brokers out there it is hard to determine which broker to choose, especially if you are from the USA. Many brokers do not accept clients from the US because their local regulation does not allow them to work with US clients. Fortunately there are also many good brokers that continue to work with the US market, and we have found the best of them in order to simplify your choice. In the table below you will see the top five binary options trading brokers that accept US clients:
The basics of binary trading
Binary options trading is considered to be the easiest and fastest way to trade online. Once your account is set up (which can take less than five minutes) you can make a first deposit of as low as 250 dollars and start trading right away. Since you can deposit directly with your debit or credit card you will be able to trade within minutes.
Trading is easier than one can imagine. Placing a trade takes four easy steps:
1) Select the asset - You can choose to trade currency pairs (also known as forex pairs), commodities (gold, silver, etc.), stocks indices (S&P500, NASDAQ, DOW JONES, etc.) or individual stocks (Apple, Google, Exxon, etc.).
2) Select the duration - When selecting the expiry time you choose how long the trade will last. Most brokers offer durations that range from 20 seconds to one month, The most popular trades are 30 minutes and one hour options.
3) Select the amount - This is the amount you invest in one trade. You can never lose more than this amount. If your trade is a loss you will lose the whole amount (some brokers give refunds of up to 15% of the amount, but in most cases there is no refund). Note that once you choose your investment amount the trading platform will show you the payouts in case of win or loss. You will know from the beginning how much you can win or lose. No strings attached, no commissions, no hidden fees.
4) Choose the direction - You can buy a CALL option if you think the value of the asset will go up, or a PUT option if you think the value will go down. This means that you can make profits from both bull and bear markets. Once you choose the direction and hit 'trade' your order is executed
After your order is executed you can place another order or wait for your option to expire and see if you are 'in the money' or 'out of the money'. Binary options brokers offer very nice reporting tools for your trades and you can watch your options portfolio live before it expires.
With binary options you are in control
The best thing about binary trading is that you are in total control. Every trade you place has fixed payouts and you know exactly how much money you win or lose. It offers the best tools to manage your bankroll as you will never lose more than expected. There is no 'slippage' or missed stop losses. No matter how much the market moves against you, you will never lose more than the option value.
It is no wonder why so many retail investors choose binary options instead of traditional complicated methods. Binaries are fast, easy and effective.
Binary options trading involves risk and can result in the loss of your capital. As with any other form of trading, you can lose your investment if the market moves against you. Please trade with caution and never invest money you cannot afford to lose.