Talking about the binary options trading platform, you can’t be separated from the broker. Brokerage sites usually provide these two types of platforms. Large brokers will be equipped with a demo account that can be used to learn or deepen knowledge about this binary option.
Then how to choose a good binary options platform? Check out the following explanation:
1. Check the Regulations of the Broker
Regulation is very important because it relates to the credibility of binary options brokers. The broker must be regulated and be a global financial entity. Generally, this regulation must be owned by the broker from the first day it was established.
In order to be regulated and licensed, brokers must comply with the rules of the authorities and guarantee insurance money to their customers.
2. Know the Withdrawal and Deposit Methods
This method of deposit and withdrawal is important to know because it determines whether a broker is good or not. The broker must have an easy, safe, and responsible deposit and withdrawal system. In addition, there must be a termination facility for customers who want to stop trading.
Because the broker only acts as an intermediary and accommodates customer funds, the withdrawal system from a broker should not be complicated. In addition, choose a broker with a lot of options for depositing and withdrawing profits. The more transaction methods, the safer and easier it will be for customers.
3. Choose a Trusted Trading Broker Application
A good binary options trading application can be seen by whether it has a demo account or not. In addition, whether customers can open an account online easily and for free or not. In addition, the leverage system owned by the broker should not be burdensome.
4. Broker Payout Percentage
A good broker’s payout should be above 80% if the transaction is successful. The highest payout of a broker reaches 95% for put/call transactions and 500% for one-touch transaction payments. But generally, a good broker has a payout offer of 80 – 90%.
5. Trading Asset Options
The assets in binary options are quite diverse and experienced trading players already understand these types of assets. Generally, binary trading assets include stocks, currencies, indices, and commodities. On average, the broker will offer up to 100 assets. So, choose a trading asset that you really understand.
6. Customer Support
This customer support service is very important as a consideration in choosing a binary options trading platform. Choose a broker that has responsive and solution customer service.
Overview of the brokerage company Pocket Option
Binary options trading is very popular in the world. It especially attracts novice traders. It is a fixed income financial asset. The trading mechanism is extremely simple. The trader is asked to guess whether the price of an option will rise or fall after a certain period of time. With the right decision, the profit is credited to the account.
To trade binary options, you must enter into an agreement with a broker. It is he who provides access to world markets, as well as to the trading platform. A detailed pocket option review allows you to decide on registration. This is a company that has been officially operating since 2017, has the necessary licenses to carry out financial activities.
One of its advantages is that the company provides wide access to different assets. For example, on the trading platform, you can find options for popular convertible and exotic currencies. Finally, there are options for shares of the largest companies, for gold and oil. in total,
Broker Pocket Option offers more than a hundred instruments for trading. It also has its own trading platform with clear controls. The minimum transaction is only one dollar. The platform is multilingual (in 20 languages of the world). For novice traders, it is suggested to open a demo account. Deposit and withdrawal of money is carried out without commissions.