Binary options are easy to use and comprehend. The “high-low” option is the most common binary option. The high-low option is also termed a fixed-return option and provides access to stocks, commodities, indices, and foreign exchange. This option has an expiry date/time and a strike price. Binary options trading is carried out by traders who decide whether the cost of the stock or commodity will rise above the strike price or plunge below it by the expiry time. The strike price, expiry time, payout amount, and risk are all divulged by the broker before the trade starts. The strike price of the majority of high-low options outside the US is the most recent price or rate of the financial product such as a particular stock, EUR/USD currency pair, or stock index. The trader has to forecast whether the future price at the expiry time will be greater or lower than the current existing rate. At the moment the most popular broker that you can explore is , but we also invite you to look into other high-rated brokers reviewed by our team.
Things to consider when you invest in a binary broker
There are many binary options brokers with each offering a different number of assets as well as different contract categories and trading conditions. So you need to do your homework and choose a binary options broker with care. Ask the following questions while searching for a broker:
- Is your money secure? What methods does the broker employ to keep your money safe? - What trade conditions do they offer? - Does the broker have any unfavorable online comments? - Do they make timely profit payments? - Does the broker provide easy funding and withdrawal methods?
Get satisfactory responses to these queries to select a reliable and reputed broker.
The main element to consider is whether the broker is regulated. To get regulated, a broker must operate a organization with qualified employees and have a stipulated capital amount to ensure they can make regular payments. Thus, a regulated broker has the capability to make assured payments and your funds are secure with them. Second, the broker must provide a convenient assortment of options to help you fund your account and withdraw profits easily.