TRADING IN BINARY OPTIONS
The providers of trading in binary options are called brokers or binary options brokers. They offer a trading platform, and the platform and its software is available on desktop, tablet and mobile. The brokers we write about here are all licensed and approved for trading financial instruments in the EU. This means that you can trade through these licensed brokers without having to worry about being involved with a fraud or scam broker.
On binäraoptioner.se, we ourselves have tested all the brokers that we review. These are our own experiences which we write about, and how we perceive the different brokers. We have set up some criteria that we think are important in the choice of binary options brokers and recommend that you carefully read all the reviews before making your choice.
Criteria for review
The first and most important criterion is that a broker is licensed. We will never recommend or review a broker who is not licensed in Europe and the EU. There are brokers who have licenses from countries outside Europe. We do not recommend them because we simply don’t know enough about the market in the countries where the brokers are licensed, and cannot vouch for their reputability.
We’ll begin with a five-point list of quick facts so that you can easily and quickly see what the minimum deposit is, the span between minimum and maximum bets, and then the return. All these numbers can vary quite a lot between different brokers.
The first thing we’ll do is tell you briefly about the broker, when they started, where they have a license, if they have other licenses or other items that give us confidence in them as a serious player.
Next, we’ll look at the overall platform and software. Is it user friendly and intuitively designed? Does it feel inviting and exciting to spend time there or does it feel cluttered?
What exists in the form of training and do they provide a demo account? If a demo account exists, what are the conditions for opening one?
The range of options, which various types of options are available from the broker and the underlying assets available to trade with.
Does the broker provide a bonus, and what are the conditions? If they do not have a bonus, are there other fun things in the form of competitions or tournaments that drives investors?
Deposits and withdrawals
What about deposits and withdrawals? Is it easy or is it a complicated and lengthy process.
How accommodating is customer support? Are they easy to get a hold of, and is there customer service available in Swedish?
These are our criteria for reviewing binary options brokers. We end with a small summary and our own ideas about the pros and cons of each broker. You can trust that we have tried every broker and that we know the product that we are reviewing and writing about.