We review the top Binary brokers in the industry
Know the top Binary brokers, their trading conditions and bonus offers
Difference between Forex and binary brokers
We will not dive deep in this but it is important to know the basic difference between Forex trading and binary trading. So brokers that allow Forex trading are Forex brokers and brokers that allow binary trading are binary brokers. Now let's see the basic difference between these two types of trading.
Binary trading : Binary trading involves fixed risks and Fixed rewards. In binary trading, a trader has to predict whether a trading instrument, such as a currency pair, commodity or cryptocurrency, will go up or down in a fixed period of time. In binary trading, traders are shown upfront the amount of profit they will earn if their predictions are correct. Note that in binary trading it does not matter how much the trading instrument has moved up or down in the given time, what matters is whether the instrument has moved up or down.
Forex trading : Coming to Forex trading, the profitability of traders depend directly on the size of their trade and on how much the trading instrument has moved up or down after the trade has been placed. In Forex trading also, the size of profit or loss can be restricted by using a "Take profit" or "Stop loss" but otherwise the profits can be anything and so the loss, without a stop loss it is very possible that the trader might lose all the money in his account.
We help your chose the right binary brokers
In the first place we don't merely review a Forex or binary broker just because it's willing to pay us for advertisement. We only review reputed Forex brokers that are regulated or licensed, trusted by a large number of traders, have strong establishment and provide a trading environment where traders can actually make good profits.
We provide you with valuable information and insights about the top binary brokers but we don't pinpoint a particular broker and say that this is the best one for you. We know some websites do it but that is based on their own profitability and based on advertising fees they generate. You know your trading requirements and risk capacity better than anyone else and so you have to do some work in analysing and comparing the Forex brokers, their trading conditions, bonuses and promotions, min lot size, min deposit and so on, in order to pick the right ones for yourself.
Trading with more than one broker can facilitate your trading performance since this way you can benefit from certain features, trading conditions or bonus offers that a particular broker is offering. Note that all top Forex brokers compete with each other and strive to improve their performance in order to keep their existing customers and secure new customers.