Coverage can be complex for some people and most traditional instruments are hard to reach, if not totally out of reach. That’s why when the US Securities and Exchange Commission (SEC) approved the digital options in 2008, retailers took the chance to engage in hedge that is both simple and accessible to the small player.
- You have a very low minimum deposit
- Your customer service support is excellent
- Offers VIP Program, including risk-free business incentives and personal consultant
- It has a trading academy
In short, digital options are a financial instrument in which traders make a return of everything or nothing. The internet makes trading even more accessible to the random person, where trades are managed by binary options brokers. Without borders by geography, binary options give the average trader access to global markets. This blend of simplicity, easy access to a large set of instruments, not least, is the attraction of quick profits, making digital options popular in the US and elsewhere. But you, the trader, must understand the risks, rewards, and problems with binary options. If you are having questions, can you read our Safe Options are being negotiated safely? guide as well. Legal Trading Options and Legal As Is Regulated Analysis.
In this article, we will guide you through the leading digital options platforms. Specifically, we will compare the following features of each broker:
- Minimum deposit
- Maximum Returns
- Bonus, if any
- Supported Trading Platform
Knowing where to cover your funds is the first step to maximizing returns or at least minimizing losses. You can also pay to know some basics of trading. For example, Nadex, a US regulated stock exchange for digital options, has identified the four major forex pairs traded as:
- EUR and USD
- USD and JPY
- GBP and USD
- USD and CHF (Swiss Franc)
The list indicates, more or less, where digital options are most popular. By the way, Nadex also set the most popular time and day for trading digital options.
To help you, we provide information on the top popular digital options brokers that you can consider for trading. We hope the list will allow you to find the best broker for your investment needs and expectations and start trading successfully on your own.
|Platform||Bonus||Min Deposit||Payout||Review||Open Account|
|Registration Bonus | Deposit Bonus||5 USD||Mean = +/- 85%. Max: 1000% +||Review||Visit Platform|
|200% up to $5000||$200||Review||Visit Platform|
|100% Bonus||$ 10||60-90%||Review||Visit Platform|
|50% Bonus Deposit up to 500 USD||5 USD||67-92||Review||Visit Platform|
A word of caution
As with many financial transactions on the Internet, digital options are prone to fraud, so invest cautiously. Many brokers are not regulated by the government (something good or bad, depending on your perspective); you are left with the good graces of your choice.
A common red flag is a trading platform that exaggerates the average return or, worse, manipulates the price points to cause customers to lose their bet (whenever customers lose, brokers win). A simple online research, reading user comments and forums on the platform, should guide you to avoid scams.
The challenge is to focus on legitimate platforms. For example, the Chicago Board Options Exchange (CBOE) lists reliable digital options for North American operators and performs the CBOE Volatility Index binaries to track the movement of options. The CBOE is regulated by the SEC, which adds layers of protection to the investor.
Meanwhile, the nonprofit Financial Industry Regulatory Authority (FINRA) is a good resource for fraud alerts. For example, last March it issued an alert that scammers are using these follow-up schemes targeted at customers of digital options .