Hey Guys, the trading platform which I will be discussing in this blog is nothing related to forex trading. This is called Binary Option trading.
In simple words, Binary options “are based on a simple ‘yes’ or ‘no’ proposition: Will an underlying asset be above a certain price at a certain time?” Traders place wagers as to whether that will or will not happen. If a customer believes, the price of an underlying asset will be above a certain price at a set time, the trader buys the binary option, but if he or she believes it will be below that price, they sell the option.
Binary options are often considered a form of gambling rather than investment because of their negative cumulative payout (the brokers have an edge over the investor) and because they are advertised as requiring little or no knowledge of the markets. But, there are many people who are earning at least $100 in a day, some are earning more than that as well.
Can You Make Real Money From Binary Option Trading?
The short answer is yes, you can make a lot of money trading binary options. However it will be very hard to do so if your initial deposit is low. A binary options broker makes money when you lose your trade.
Is Binary Option Legit?
This doesn’t make binary options a scam. … The majority of binary options brokers are legit businesses. As legitimate brokerage houses, your money will not be stolen and you won’t be defrauded. The problem is that the majority of brokers promise unrealistic expectations.
How Do You Trade In Binary?
Below are some basic guidelines that we have compiled to help you start trading in a few minutes
- To be a successful binary options trader, you need to use more than one broker.
- Register with your chosen trading platform and deposit money to start trading.
- Select the asset to trade.
- Decide on the amount to invest.
Top 10 Best Binary Option Traders
- Olymp Trade (min investment 1$)
- iq Option (min investment 1$)
- 24Option.com (min investment 24$)
- ExpertOption (min investment 1$)
- Binomo (min investment 1$)
- Binarycent (min investment 1$)
- Optionrobot.com (min investment 1$)
- Binarymate (min investment 1$)
- Masterbot (min investment 1$)
- Highlow (min investment 10$)
Olymp Trade, The Best Binary Option Trading Platform
Olymp trade is a multi-asset trading platform that is owned by industries Ltd. It was launched in 2014 and is regulated by FMRRC, which makes it viable option for most traders. Olymp trade offers CFDs, Forex, crypto currencies, commodities and foreign currency. It allows one to earn up to 90 percent profit with minimum investment. The minimum trade is $1, which could help you to earn up to 80 percent profit from your investment on a regular account and around 90 percent on a VIP account.
Olymp Trade solves this problem by offering a wide array of assets from a plethora of markets. The list is too long to name them all, but here are some of the more popular assets available on Olymp Trade:
Currency Pair like the Euro versus the U.S. Dollar and Crypto Currencies (Bitcoin, Ethereum, and more).
Entry and Exit of Funds
One of the most important aspects for all investors is the ease with which you can deposit and withdraw funds via a broker. This is even more important for people with limited amounts of money in hand.
Olymp Trade has incorporated a variety of ways in which to deposit and withdraw funds to your brokerage account including Visa, Mastercard, Fasapay, and Skrill. You can even deposit Bitcoin. There is virtually a no wait time for deposits or withdrawals to be processed giving you quick access to your funds and there are absolutely no commissions on deposits or withdrawals.
All investments are subject to risk and Forex, Commodities, and Exchange Traded Funds (ETF) are no exception. New traders with limited experience are especially vulnerable to changes in market conditions but Olymp Trade helps to significantly reduce those risks with built-in systems on its platform.
One of the best aspects of Olymp Trade is the leverage and multiplier features. Typically, an investor can use leverage to increase the value of a trade, but they are on the hook for the leveraged amount if they make a loss.
With Olymp Trade’s system, investors are only accountable for their personal stake and Olymp Trade takes the risk with the leveraged amount. This is one of the best parts of the platform as it allows investors to multiply there profits on good trades and minimize their losses when they make a bad trade.
Free Demo Money: Learn Without Risk
The icing on the cake for Olymp Trade is there Demo Account they provide to all users with $10,000 of play money to utilize while learning the ropes of trading. This feature is indispensable when investors are trying to get a feel for a new asset they are trading or practicing new trading strategies.
With the Demo Account, traders can improve and hone their skills risk free beforehand. If you run out of Demo Account money, you can replenish it back to the $10,000 level at any time. Once you feel like you’re ready to go live with your own investment, you can easily change from your demo account to your live account with a simple click from the drop down menu.
Get Started Today
Olymp Trade has so much upside and has reduced the risk of investing in the market that anyone looking for a solid platform need look any further. Setting up an account takes only several minutes, deposits and withdrawals are fast, and the tools for successful trading is at your fingertips.
There is no better time than the present to start trading.
As per the recent study, there are over 25,000 clients currently trading with Olymp trade platform. Most of the review companies have given 4 out of 5 star to Olymp Trade, this means that this is one of the best and legit binary option trading platform.