Binary options are simple to use and understand. The “high-low” option is the most general binary option. The high-low option is also named 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 done by traders who forecast whether the price of the stock or commodity will increase above the strike price or plunge below it by the expiry time. The strike price, expiry time, payout sum, and risk are all disclosed by the broker before the trade starts. The strike price of a good number of high-low options outside the US is the current price or rate of the financial product such as a particular stock, EUR/USD currency pair, or stock index. The trader has to decide whether the future value at the expiry time will be greater or less than the current existing price. At the moment the top broker that you can check out is , but we also invite you to check other high-rated brokers reviewed by our team.
Things to consider when you invest in a binary broker
There are numerous binary options brokers with each providing a different amount of assets as well as different contract categories and trading conditions. So you need to do your groundwork and select a binary options broker with care. Ask the following questions while searching for a broker:
- Is your money secure? What methods does the broker use to keep your funds safe? - What trade provisions do they offer? - Does the broker have any negative online feedback? - Do they make timely profit payments? - Does the broker offer easy funding and withdrawal methods?
Get satisfactory replies to these queries to select a trustworthy and reputed broker.
The main factor to consider is whether the broker is regulated. To get regulated, a broker must maintain a business with qualified employees and have a specified capital amount to ensure they can make regular payments. Thus, a regulated broker has the ability to make assured payments and your funds are secure with them. Second, the broker must provide a convenient array of options to help you fund your account and withdraw profits easily.