TradeRush was found in 2011 but it already looks like a mature Binary Options broker. Traderush has their headquarters in Cyprus, I don’t think there’s a big problem since I’ve always been using broker from Cyprus, so far they’ve treated me nicely. SpotOption is their chosen platform with at least 85 different assets and a […]
Talking about stockpair.com, we could consider it as the king of stock pairs trading in binary options. Besides regular assets like Forex Pairs, Commodities and Indexes, StockPair also includes the trading of relative strength between 2 stocks. Stockpair is very similar to Forex that we look at the relative strength of two assets and measure […]
24Option is one of the first Binary Options Brokers to arrive in 2010. 24Option is regulated and uses TechFinancials Trading Platform, which is considered one of the best trading platform available to date. 24Option has superior payout which’s up to 95%, this’s significantly higher than other Binary Options Brokers which offers payout varying between 71% […]
OptionBit came into light as a Binary Options broker in 2010 in Cyprus. They are not regulated but they have CySEC to keep an eye on them. OptionBit use Tradeologic platform, which I don’t think is the most regular Binary Option platform but an easy-enough-to-use one. Their payout is somewhat the same as an average […]
In Option Trading, the withdrawal process starts with opening its official site, accessing the banking page and then logging in to your account. The withdrawal is performed through a number of procedures and verification is required. Note that the withdrawal will lessen the possibility of receiving bonus awards however. One more thing to bear in mind is that you need to have a certain amount of money in your account to perform the withdrawal.
OptionGround withdrawal process
The choice of withdrawal method made at the time of registration decides the steps required for the withdrawal. When the credit card limit is lower than the withdrawal amount, wire transfer can be used to transfer the remaining amount. For more information, read OptionGround review!
OptionGround withdrawal charges
Customers are allowed to perform one withdrawal free of all charges in a single month. In case there is more than one withdrawal made in one month, the customers will be charged with a fee of $30. Depending on the specific trading amount and the currency’s value, the fees might vary accordingly. Credit card and other methods involve no minimum amount requirement but a minimum of $100 is required for wire transfer.
The management department is in charge of verifying the withdrawal process as well as the customers’ details to approve of the request. More details of the customers are required for the documentation step of the process. After the request is submitted, it takes 36 hours before the withdrawal can be completed unless there are problems in the verification. In that case, it will take more than 36 hours.
Cancellation of the withdrawal
It’s possible to cancel the pending withdrawals easily with the tab found on banking page. If cancelled successfully, the withdrawal will not be carried out and the amount will remain in balance, ready for trading. A withdrawal will also be automatically cancelled by experts if it’s left in pending for more than 2 weeks and the amount will be added back to the deposit as well. Withdrawal of traders’ money by a third party is not as easy because of the procedures needed for verification of bank details. In case of profit, traders can withdraw the original amount but not the profit. In case of loss, the loss amount is deducted from the deposit and traders can withdraw the remaining amount.
With the increasing profit that traders earn from OptionBit binary trading, the need for money withdrawals also increases. However, traders are often not very clear on how to withdraw their money after a binary options trade. Usually for each broker, the money withdrawal policies are different and the time needed might vary for different options as well. OptionBit withdrawal policies often include a free first withdrawal and a certain fee for the following requests. Traders are advised to study the terms and conditions attached to each withdrawal methods by the employers. For more information, read OptionBit Review!
With the OptionBit system, the one single thing that traders need to do is to make the money withdrawal decision. In most cases, its withdrawal process is tightly structured and therefore very effective. Within a few business days investors can get a hold of their withdrawn money without having to be concerned about deductions including taxes.
OptionBit Withdrawal Process
- Usually, the money the investor expects from the scheme is calculated and payment is made with the least time.
- All calculations are carried out by the OptionBit website and the trader is rewarded within a given time frame.
- The trader receives an invoice which records all the transactions, the invested money, the traded money and also all deductions that will be made.
The OptionBit system is technically appealing and rewarding because of the backup it offers. It calculates the money traded against the depreciation and any deductions regarding the loss incurred and other taxes. The final amount of money the investor receives is what the investor can use. Thanks to this system, traders don’t have to manually calculate the money earned anymore and therefore can save a great deal of time.
Made its first appearance in 2010, OptionBit is a binary options broker in Cyprus. Although they are not regulated, the CySEC always keeps an eye on them. The Tradeologic platform used by OptionBit is in my opinion not the most popular binary option platform but it is a relatively user-friendly one. They offer an average payout of 81%, which is not low but not remarkably high either. As a matter of fact, a better payout means more you’ll have more money; however, it’s also worth remembering that a better payout is actually not always a good thing. Bear in mind that a broker shouldn’t be judged based on payout only but on a combination of various features. The minimum deposit is, on the other hand, the lowest possible in the binary industry at $100. The other brokers who offer $100 deposit requirement are Beeoptions and Goptions. Support is however well below average. Check out the OptionBit review below for the inside story.
When it comes to binary options, there are plenty of commodities for trading, and oil, just like metals, natural gas or gold, is one of the best trading instruments. It is obvious the one feature that makes the above mentioned instruments belong to the “best trading” list is the great volatility of prices, which fluctuates almost hourly. This is the reason why these instruments receive huge favor from various traders around the globe – those referring to themselves as “risky players”.
The Volatility of Oil
On the history side, oil volatility has been revolving around the level of 30%. If you make some observations on the annual graphs, it will not be hard for you to realize the estimations range between 35-40% or even higher for crude oil. Basically, experts in the field give their opinion that it is high time you made some binary option trading. This is also the reason you should catch the opportunity. You can trade oil with beeoptions.
News to binary options and oil trading
If you want to be really good in trading oil and binary options, you should know that the US Energy Department has various weekly publications in the field, which turn out to be really useful if you pay close attention to the published details and reports.
The reports can specify moments of volatility and can give you hints on when to buy or sell. If this report is of useful interest to you, you have to know it is published on Wednesdays at 14:30. An official presence on the department’s official site can help with your reading. As the report officially covers the oil issues, various other items will also be affected, including petrol and many oil products.
Many traders have been relying on the report to make their oil trading decisions, as the report brings a great amount of precious information and detail covering different areas of the USA with some forecast of future movements. The basis of information and reference in the report is the importation and demands of oil, thus the report is of undeniable significance in the field of binary trading.
In binary options in particular, and in almost everything in general, the more information you have, the greater benefits you receive. With help from publications that display information on changes in the volatility, you will benefit from the effective practice of oil binary option trading. However, sometimes major losses will get on your way, sometimes they are even inevitable. You have to be very careful in your trading. You also have to get tightly focused and pay close attention to the pivotal moments.
All binary options traders should have their own money management strategy, one that not only helps them maximize their profits but also minimizes risks and losses to a more manageable level. It’s often attempting to overdo it with fast trading because of the high speed of accumulating profits, but be aware that the possible losses might add up just as quickly. An ideal money management strategy always comes with discipline.
The simplest approach for binary money management strategy is to pick out a certain percentage of trading funds and invest no more than this percentage. The majority of traders choose the simple 10% strategy. To demonstrate how this works, let’s imagine a trader having $300 in a binary options broker account. For each single trade, this trader would invest 10% of the account only, or $30, so even when the trade ends up out of the money this trader will not lose more than this amount. As a result, the trader will still have funds left for future trades and might recover the loss.
We can use smaller investment percentages as well and can seek to reduce financial risk by going as low as 2%. In this strategy we can still enjoy compounding but the growth speed of profits might not be as high. Although there might be some kinds of minimum investment requirement by the brokers but there won’t be much of a problem working with low percentages.
So what about the binary options trades that you’re certain will end in the money? It’s certainly very tempting to increase the investment amount in such cases; however, please bear in mind the fact that it’s virtually impossible to guarantee that any trade will end in the money. Even very strong indicators cannot completely eliminate the risk of loss. Therefore, even though it is each trader’s decision to make, it’s also useful to remember not to take up contracts with an investment amount that will have a considerable effect in case of loss.
Money management not only includes percentages and investment amounts but also the choice of asset types that will be used for trading. It’s extremely important to have asset diversification as losses are substantially reduced with a broader range of possibilities. Of course a lot of binary options traders have their own favorite asset classes or underlying assets, towards which they pay the most attention. We’re not saying that having favorites is not the right thing to do, but this strategy might be limiting at times. Although it’s intimidating to enter new asset territories, this act will shield you from a certain amount of risk.
Any binary options strategy is also not complete without risk assessment. Riskier trades often come with higher payouts and this possibility is certainly attractive to investors. Even though traders tend to overlook risk in such cases, the loss of funds is surely greatest for riskier trades. A good money management strategy might allow the purchase of contracts with a high level of risk; however, to avoid the possibility of depleting the trading account funds there should be a limit to these trades as well.
While applying money management strategies, it’s advisable for traders to perform continuous tracking of profit and loss. This procedure is necessary for binary options trading and helps perfecting our strategies. By looking back at past trading performance or patterns, we can get a great deal of insight into the possible problems to be corrected. Money management strategies, therefore, should be regarded as flexible to further necessary changes to bring the most benefits to binary options traders.
Money management needs to be approached from both the profit and loss side. When a solid money management strategy is in place, there is no need for a fear of loss. On the other hand, to determine the actual profits each month we don’t need to address the loss because good binary options trading will generate profits much larger than losses.
A strong money management strategy is the basic for smarter trading for traders as they will develop the habit to consider risks in all trades. It will also reduce the need to put more funds in the broker account often. As a matter of fact, all matters of finance require some level of money management skills and binary options trading is no exception. Therefore, it’s highly recommended that any binary options trader should take up a suitable money management strategy because of the great benefits it provides.