What are Binary Options? – The Best Binary Options Brokers

What Are Binary OptionsIf you’ve been wondering ‘What are Binary Options?’ and which are the best binary options brokers to use then you need to read this Binary Options Review.

During my journey through the minefield, that is ‘Make Money Online‘  I’ve often seen ads for Binary Options and wondered what the heck this was until I put the time and effort into researching it further.

I’ll also give you my opinions on whether Binary Options is a scam or not, but more on that later.

What are Binary Options?

A binary option is a financial option where the payoff is either some fixed monetary amount or sometimes nothing at all, hence the term binary. Binary Options are also known  as all-or-nothing options.

And although some binary options trade on regulated exchanges or are regulated by security bodies like the ones below, it’s primarily an unregulated industry trading on the internet.

However, a more simplistic answer to this question would be Binary options are a form of gambling.

Yes, that’s right, and although binary options steal their name from the more commonly known ‘stock options’ they are completely different.

You see with a stock option you have the right to buy and sell that ‘option’ during its life cycle, whereas with a binary option you have no sell options once the binary option is purchased.

But, this doesn’t make Binary Options a scam, does it?

Gambling has been around much longer before money was invented and has always had a particular attraction when people are looking to make fast money. Of course, fast money always comes with the potential for high risk but this is even true of the more commonly traded stock options.

How Binary Options Work (Binary Options Explained)

Best Binary Options BrokersThe Binary Options process is simple, you select an asset from commonly listed stocks, commodities, indexes, foreign exchange, other derivatives or anything else your Binary Options Broker offers.

Next, you need to decide if this asset price it heading up or heading down. Research can help when you want to commit to a Binary Option Investment, however, you’ll need to remember that Binary Options are largely just an educated bet.

Now, once you’ve decided on an asset and a timeframe in which your option will mature, the broker will then provide a payout figure. This will be for the option you’ve chosen and occurs before committing any money to the trade.

These payout figures vary from broker to broker, but usually, range from 75% to 81%

(In one respect, you’ll know how much money you stand to gain or loose for each option you chose to invest in)

And if you’re happy with the offer, you commit to the trade, then wait the specified amount of time until the option matures.

Sounds simple, doesn’t it?

Well, it’s not rocket science and the large investment returns certainly get people excited at the prospect of quickly doubling their money.

But never invest more money that you can afford, because there are better ways to make legit money than gambling.

How do Binary Options Brokers Make Money?

So you’re probably wondering how Binary Options Brokers make money?

Well, the cards are certainly stacked in favor of the house, so to speak. With a healthy 15-20% profit when the investor wins and 100% when the investor loses, there is certainly an upside to being a Binary Options Broker.

And as Binary Options Brokers aren’t all industry regulated they could very well close the doors, the very same day they open them. So it’s always best to start with a Binary Options Broker that’s regulated and has been around for awhile.

Here are a few Binary Options Brokers that have been doing this for a while.

The Best Binary Options Brokers

The best binary options brokers are the ones that have been around for the longest and are regulated by industry. It’s very hard to scam customers and stay in business over a long time. So when choosing the best Binary Options Broker make sure they’ve been trading for a while.

Here’s some of the Best Binary Options Brokers that have stood the test of time.

Boss CapitalBoss Capital

Established – 2014
DEPOSIT – $200
BONUS – 100%
MIN. TRADE – $20
PAYOUT – 85%
Website: www.bosscapital.com

Stockpair

StockpairEstablished – 2010
DEPOSIT $250
BONUS – 100%
MIN. TRADE – $12
PAYOUT – 75%-86%
Website: www.stockpair.com

OptionFair

OptionFairEstablished – 2014
DEPOSIT – $200
BONUS – $100
MIN. TRADE – $20
PAYOUT – 85%
Website: www.optionfair.com

 

Binary Options Tips

  • Any Binary Options Broker offering unusually high payout figures could be subject to heavy losses and consequently sudden closure. Avoid Binary Options Brokers with a ‘100%’ payout figure, because it’s just not sustainable. (Even the Best Binary Options Brokers offer between 75%-85% return on investment)
  • Avoid 60 second Binary Options timeframes as usually the ‘event’ has happened before you even get to place your option. (Most market information is delayed and only the market floor provides real-time data)
  • Binary Options are like gambling on the line in conventional sports. Which sometimes makes this a 50/50 chance. If the odds aren’t good enough for you then stay away.
  • Don’t try to do it alone. The more research you do, the more educated your bets will be. Some research companies offer a free trial period, which might be enough to determine if Binary Options Trading is right for you.

Binary Options Training

Is Binary Options a Scam?

My research leads me to believe binary options isn’t a scam, although this is partially an unregulated industry and this suggests there will be rogue traders out there who are only too happy to take your money before closing up shop. Just remember if the payout seems too good to be true, it might be scam.

In summary, you should use only trusted Binary Options Brokers and always do your research before investing your money in any program. But just like people who know sports feel like they have an edge gambling on matches, people who understand the stock market may also have an edge with Binary Options.

Binary Options is certainly no scam, but make sure you invest seek professional advice if it becomes more than a hobby.

Disclaimer: Information on 365waystomakemoney should not be seen as a recommendation to trade binary options. 365waystomakemoney is not licensed nor authorized to provide advice on investing and related matters. Information on the website is not, nor should it be seen as investment advice. Clients without sufficient knowledge should seek individual advice from an authorized source. Binary options trading entails significant risks and there is a chance that clients lose all of their invested money. Past performance is not a guarantee of future returns. This website is independent of the binary brokers featured on it. Before trading with any of the brokers, clients should make sure they understand the risks and check if the broker is licensed and regulated. In accordance with FTC guidelines, 365waystomakemoney.com has financial relationships with some of the products and services mention on this website, and 365waystomakemoney.com may be compensated if consumers choose to click these links and sign up for the service.