When you are choosing your first binary options broker there are several things to take in to consideration. Sure, in the beginning you might feel like anything will do, but you might as well start off at a good one as it will make the beginning of your journey much easier and also you won’t have to go through the whole registration process again if you decide that the first one you chose wasn’t good enough. Naturally, when you are new to trading it won’t be easy to know what to look for in a binary broker, so that’s why I’ve decided to give you these tips.
First you need to make sure that the binary broker you’re looking at is a registered broker, meaning that the government is regulating it and that it is a safe environment to trade in. I’m sure you’ve heard about forex and binary scams before, and by looking up the license number of a broker you can ensure yourself that their business is legit. The easiest way to find good, reliable and licensed brokers is by visiting websites like binaryoptions.pm, which has a ton of reviews over binary brokers and pretty much everything else you need to know in order to trade binary options.
When you’ve made sure that the broker you’re looking at is licensed, it’s time to look up some other features. I would warmly recommend you choose a broker which has an education center. This means that the broker itself offers you a lot of useful information for both new and experienced traders in the form of articles, webinars and eBooks. The education centers will be available to anyone who opens an account with the broker.
I would also recommend that you choose a broker which has put a lot of effort in to putting up a large selection of assets to choose from. Make sure that they offer indices, stock, commodities as well as currencies. Although you might think you won’t need such a large selection at first, you will soon realize that when you start to “get” trading, you will soon want to start experimenting with trades that are more obscure and unknown than the most popular ones.
Finally, choose a broker with good promotions. Some brokers offers deposit bonuses and protection loss covers, which means that you will always get a part of your investment back even though you might lose the trade. You can find a ton of good brokers offering good promotions at opcionesbinarias.pm, where you can also find several strategies on trading as well as information on where to open a opciones binarias cuenta demo!