Once a trader has decided to participate in the binary options market, the next big decision will be which broker they will want to use for making trades. The available features can vary greatly from broker to broker so it is very important for a trader to do at least a small amount of research to determine which broker will be the best fit for their particular needs. OptionFair and Banc de Binary are two reputable brokers which are excellent choices for novice and experienced trader alike. But even these two brokers have some key differences. The most important thing to remember is to choose a broker which has the most desirable features for your particular trading style.
OptionFair is one of the newest binary options brokers providing a trading platform. They were established earlier this year and their headquarters is located in the British Virgin Islands. One of the reasons people choose to invest in binary options is the quick profits which are available to savvy traders. OptionFair sits on the highend of payout percentages with a range of 70 to 81 percent.
This broker offers three different platforms for traders to work from: high/low, boundary and one touch options. The broker has only two asset classes of binary options available for traders and these are stocks or currencies. However, between just these two asset classes they have 64 underlying assets to trade. This is a good number of assets as there are many brokers who do not offer this many to choose from even though they may carry underlying assets in more categories.
The OptionFair platform is one of the easiest to navigate and make trades and transactions from. The ease of use and number of assets makes it one of the better binary options brokers for the novice trader to learn how trading works. They have two unique features that are not found on every broker’s site. For one thing they offer 12 separate languages for traders to use to make their trades. This is one indication that they are ahead of the global demand and market and headed for great success. The other unique feature is their trading simulator. This is similar to a demo account which is set up solely to help new traders learn how to trade. Payouts are always made every 30 days and they have an outstanding customer service department.
Banc de Binary is a well established binary options broker which has its headquarters in New York. This particular broker has a large global network as they operate in Asia, Europe and the Middle East. The broker offers all four of the trading instrument types: stocks, currencies, indices and commodities. Across these instruments they offer nearly 40 underlying assets on the global market. This broker offers an average payout of 81% and the minimum deposit is set at $100.
This experienced broker offers three binary options types: One Touch, High/Low and Option Builder. They offer high returns and a full package loaded with various options and assets to be traded. The unique feature of the broker is their new META trading platform. This newly designed platform allows specialized analytics to traders as well as advanced charting capabilities.
While the options trading platform can be used by both novice and experienced traders, it is likely the design is more favorable for the expert trader. It has a few features that the novice trader could possibly find confusing. However, after gaining some valuable experience on a binary options market like OptionFair the novice trader will most likely not have any difficulties.
These are two of the more reputable binary options brokers that can be used by traders. Each of these have some unique features that sets them above the rest. Each of these will offer the novice and advanced trader a very pleasant trading experience.