AdA Handy Comparison Table with all the Key Facts for the World’s Biggest Trading Platforms. Commissions & Fees. Offering of Investments. Platforms & Tools. Research. Customer ServiceTrading Platforms Comparison Table Ad79% of retail lose money. CFD Trading. Invest with Real-Time Quotes and Charts. Get access to markets in all corners of the world on Plus's innovative trading platform Web14 rows · At the end of the day, you might end up earning back your invested amount or with some profit on it ... read more
The trader has to predict whether the rate of the speculated asset touches the levels. You can close the trade before the expiry time through the touch option. Make sure that the buyer you choose to trade with is regulated by some regulatory system.
It is important to select a regulated and licensed broker to avoid loss of money and fraudulent activities. Different brokers provide different trading assets; some provide a limited number of assets, whereas others provide a wide range of assets; make sure that the broker you are trading provides you with the asset you want to trade-in. It is advisable not to go for very high payouts as they can be risky for new traders. The broker must provide you with good customer support because it assists you in case you face any problem in online trading.
Customer support helps you through chat, email, telephonically. Binary trading in India is perfectly legal if you follow the guidelines of FEMA. You can easily trade with offshore licensed brokers.
The Security Exchange Board of India regulates the financial market in India. All financial trading is regulated and licensed under SEBI. It restricts the online trading of financial assets in India. Binary options trading is not permitted in India.
Any kind of online trading in the Forex market is illegal in the country. Which features do they offer Indian traders? Quotex is a web-based platform. As soon as you register for an account, you can start trading. The price charts and layouts are customizable, and you can view the data in multiple graphs. The deposit and withdrawal options are provided on the top right corner beside the available trading amount.
The platform comprises 9 indicators, 4 charts, 14 timeframes, 17 trend figures, and 15 drawing tools. The transaction history is easily accessible.
You can perform copy trading and can easily replicate the strategies of successful users with one click. The interface of the platform also displays the top 20 earners of the day. Moreover, the KYC and AML protocols guarantee security.
The online platform allows trading in a variety of assets. The front screen of the platform shows charts that help you to analyze the movement of the currency.
The balance available in the trading account is shown on the top screen. The user interface of IQ Option is very interactive and easy to use. The trading platform provides you with a demo account in which you can learn how to trade if you are new to online trading. For enhancing the design of the platform, the keys are strategically placed. The trade charts cover half of the page.
Up and Down navigation keys are present on the right side of the screen. There is a trading history given in a separate section below the charts. The customer support link is present at the bottom of the page. In the VIP account, you can chat with your manager.
With the help of this tool, you can observe the market conditions and predict your investments. The platform is reliable and can be accessed on any device you wish to operate; you can install the app and use it any time. The platform is easy to use and can be accessed on any device you wish to operate it on; it provides up to twenty analytical tools that help you in reading the charts. Binomo is regularly updated to give the clients an enhanced experience of the platform.
The trade execution is of very high quality with platform efficiency and economic calendars. A wide variety of advanced tools are available that make the platform feature-rich, and anyone can use these features without any difficulty.
Pocket Option is one of the most reliable brokers in the market. The performance of this platform is smooth yet quick. The platform has many drawing tools which enhance chart analysis. Unlike other brokers, Pocket Option can be accessed by US traders as well. The platform has 22 languages. You can use the platform in any language of your choice.
If you want to trade online, you need to access a broker that offers a functional mobile app which all the possibilities the desktop version offers. Using the desktop versions every time and everywhere is impossible; therefore, Quotex brings you the pleasure of using mobile applications.
The trading platform is now available to Android and iOS users , and they can download it from their respective app stores. The app is available on both Android and iOS. You can easily download the app from the google play store or the Apple store. The app consists of all the features of the website, and you can access the app at any point in time. The mobile app is easy-to-use and consists of all the features available on the website; you can check the status of your investments by simply opening the app on your mobile.
Binomo also offers you mobile applications. Android and iOS users can avail this facility on their smartphones. The finest brokers will offer you this amazing feature where you can perform your trades from your mobile phones. You can download Pocket Option mobile app from the Apple Store and Google Play Store.
io brings you an amenity where you can have support in various languages. The platform provides all the facilities which will make your trading a satisfying experience. With IQ Option, you have the choice to select the account type as per your need. The standard account has more than assets. For beginners, using an account with less investment and a variety of assets is a huge advantage.
Users of the VIP accounts will get extra bonuses, along with a private manager who will provide you with trading tactics and tips. Furthermore, you will be given monthly trading reports.
Olymp Trade offers many services different from other brokers. Comparing brokers is an important step to ensure that you are trading binary options in good condition. On our site, we have compiled a list of all the comparison factors that are important to your decision-making when choosing a broker.
These criteria will help you select the broker suited to your needs with which to open an account:. There are several criteria that traders must use to select a suitable binary options broker:. Some binary options offer all trade types, while others are more restrictive. Some brokers have great depth and are able to offer financial assets for trading that cover the forex, commodity, futures and bond markets. All of these factors will ultimately affect the way a trader plays the market, and ultimately, his profitability.
For more information you can also read our article on choosing a binary options broker. Keeping this in view, we have tried to use these criteria to draw up what we feel are the best binary options brokers that traders can do business with.
The list is not very exhaustive, but we consider this a good place to start. CFTC — Commodity Futures Trading Commission United States FCA — Financial Conduct Authority United Kingdom CySec — The Cyprus Securities and Exchange Commission Cyprus and the EU FSB — Financial Services Board South Africa ASIC — Australian Securities and Investments Commission Australia. So you should be taking this factor into account when choosing an online broker. The list below lists the main regulators of online trading, there are others besides the one mentioned below.
Please also note that more and more brokers are regulated by more than one regulator. In most cases, the most reputable brokers are generally regulated. The regulation and licensing of brokers should be considered when choosing your binary broker. This allows you to get your money back in the event of a problem or bad brokerage practices. Trading with a regulated broker gives you the guarantee that you are trading in good condition.
There are always serious and honest unregulated brokers out there, but many are untrustworthy. This means that a trader should take more care when trading with unregulated brokers. Opening a free demo account for binary options is the best way to get an overview of what the broker has to offer. This will allow you to familiarize yourself with their platform and test different trading strategies without risking your money. You can also open a demo account on several brokers to compare them and choose the broker that suits you best.
These free trading accounts are very useful to be able to see in detail certain criteria such as the return on your favorite assets or to have a complete overview of the functionality of their platforms for example. Deposit or no deposit bonuses can be attractive for most traders, allowing you to get more initial capital to be able to trade. On our website, you will find the brokers with the best bonuses. Once the requested bonus, the money will automatically be transferred to your trading account.
Please take into consideration that most no deposit bonuses cannot be withdrawn prior to trading, they only refer to credited money for trading. Before accepting a bonus, always check the conditions of use for the eligibility criteria of these offers. A low minimum deposit should be an important criterion, especially for traders who have just started and who do not have large starting capital. It also gives you more security, preventing you from losing a lot of money in the event of problems with the broker.
Not all brokers offer the same conditions and have different requirements. It is always interesting for a binary options trader to trade with brokerage firms offering the best payouts. Not all brokers are created equal and some give better payouts than others on the assets they offer. We recommend that you register for free on several of these platforms and compare the payout offered for each asset offered by brokers.
As mentioned earlier in this article, there are no best brokers for everyone. because all will depend on your personal criteria and your affinity with their platforms. However, all of these platforms are different, especially in terms of functionality and ease of use.
In most cases, brokers who also offer their clients the possibility of trading other financial derivatives such as contracts for difference CFDs in addition to binary options, generally have more features and are equipped with better trading platforms. Take for example Quotex and Pocket Option, which are probably among the leading brokers in the industry, all offer professional trading platforms to their clients.
There are also other reputable brokerage firms that offer the possibility of integrating the Metatrader 4 and MT5 trading platform for clients who are more familiar with them. Probably the most knotty issue confronting traders is the issue of regulation of brokers. Proper regulation ensures that sharp practices by brokers are reduced to the barest minimum.
For the binary options market, regulation will ensure that your funds are safe and that you are paid your trading profits accordingly. A good binary options broker should have in place, a responsive customer service department.
There are some brokers that are notorious for having obnoxious customer service staff who are snobbish and rarely give traders solutions to their problems. It is essential that you choose a broker who can provide live customer chat services, manned by responsive staff who can attend to your requests promptly. There are three major trade types in binary options. Apart from this, Olymp Trade is a multi-language platform; hence, traders from different parts of the world can access it worry-free.
Fortunately, as an options trader in India, you will have access to a considerable number of banking options to process payments. Also, you can use them to withdraw your profits.
Here are the payments options commonly supported by a majority of binary options brokers:. Binary Options trading has witnessed enormous popularity among traders from all levels in India. From newbies to seasoned individuals, there is a stupendous response from investors. Over the years, it has become a valued and credible practice in the financial market. Especially since , its growth in India has been multi-folds. If still convinced, then check the reasons below why trading Binary Options in India is worth it.
Binary trading is well-known for its simplicity. It works on a simple principle and is driven by two outcomes. If your prediction is accurate, you gain a fixed percentage of your investment as profit. And if your prediction is wrong, you gain nothing.
Thus, this is how Binary Options trading comes with ease of understanding. Traders involved in Binary Options are aware of the risk and potential gains they can get with a trade. They only risk the amount they have invested and nothing less or more than that. Plus, there is no risk of leverage with binary trading in India, and you are always protected.
Even if you incur a loss, it will be a known amount that you have invested in a particular trade. Every trader aspires to secure fast and high returns. This is what binary options provide you. Moreover, the expiration period can either be a minute, an hour, or weeks. So, if you want daily binary options, you have the flexibility to trade several times in a day to increase profits. As such, the returns on binary options trading are high and speedy.
What Are the Types of Binary Options Trading Available for Traders in India? Options brokers in India offer you several options to capitalize on binary options trading. These options include:.
In this type of trading option, traders need to make a prediction regarding the price movement of an asset which can be either up or down. The correct prediction earns you a fixed profit. In this, you are given two indicators upper and lower , and from this, you need to choose whether the price of an asset will lie under this range or will exit after the reach of the expiration date.
In this case, you are required to provide a certain limit above or below the current value and devise an outcome on whether the price of an asset will attain that specified value or not i. This option is quite difficult and hence deemed suitable for experienced traders only. In this, you need not only predict the price movement direction but also state the exact value.
Regardless of the broker you choose, your earnings from trading are subject to taxation. They are taxed as your salary. You will only have to keep a watch on your earnings and file taxes accordingly. Depending on whether you are a full-time trader or do it as a part-time activity, the income tax you pay will vary.
For full-time traders, tax on their earnings is charged as income. In contrast, for part-time traders who work for supplement income, their earnings are charged at a capital gain rate. The most suitable time to trade is when financial markets are open and are rippling with activities from traders all across the world. However, there is no fixed time to trade in India; you have the flexibility to trade 24 hours a day throughout the week.
Ideally, for US-based stocks and commodities, the suitable trading time is between Monday to Friday from 9 am to pm as per EST eastern standard time. Moreover, for European Markets, the suitable trading time is between 7 am to pm as per GMT standard Greenwich Mean Time. Though trading is available round the clock for optimum benefits, it is advisable to time your trades when traders from prominent countries like London, the US, Australia are active.
You can find out this by checking trading volume on your broker platform. To sum up, as such, there is no legally operating binary options broker in India. But fortunately, you can still try your hands at options trading by opening an account with an overseas trading platform. The aforementioned companies are legit and function in compliance with financial market protocols; thus, you can trade binary options safely and profitably through them.
Furthermore, being a prime growth economy, India has an excellent opportunity for the growth and development of online trading activities. It is garnering large-scale attention from investors. All in all, it presents a lucrative opportunity for Indian traders to augment their supplemental income in a way that is straightforward and enjoy. Binary trading is illegal in India, according to RBI guidelines. However, Indian traders who want to trade binary options can do so through an offshore options broker.
India-based traders must register with an international binary options broker in order to conduct trading there. Unfortunately, these services are not offered by any locally based businesses in India.
Trading is best done when financial marketplaces are open and bustling with activity from traders across the globe. In India, traders of all experience levels are increasingly turning to binary options trading. Investors have responded amazingly, from novices to seasoned investors. It has developed into a respected and reliable practice in the financial industry over time. Last Updated on December 11, by Rohan Mahndiratta.
Risk Warning: The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Your capital can be endangered. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors.
The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results.
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Trading binary options online carries with it a lot of risk in the fact that you have to predict an outcome and hope your right. There is no in-between. The prediction is either correct or incorrect. Still, trading in binary options carries with it other risk factors which means you have to find the best platform to place your trades.
This is because of several important reasons. Honesty and Reliability for Payouts is a big motivator to find the best platform. So often in groups and chat rooms, you'll see someone complain about not being able to access their trading account to withdraw the money in it. This is because of the presence of unscrupulous trading platforms out to take advantage of traders. You go through a smooth and easy registration process, deposit funds into your trading account and place a trade.
Once your trade earns you profit, you request a payout and that's when the issues start. The company either disappears altogether and the site shuts down. Since its online, it's that much harder to trace the owners. Another way used to dupe users is to put wording in the Terms and Conditions that mean you can't access your funds.
This is why it's best to trade with platforms that are regulated and licensed. This means they are answerable for their practice and behavior. They, therefore, provide reliable services and accept customer payout requests without any delays.
The best in the industry like IQ Option and Olymp Trade takes only about 11 hours max to process a payout request. How long the company has been in business is another important factor to consider when searching for the best platform.
Good and reputable ones have been in existence for years offering topnotch services. A little research on them shows you how reliable they can be. They are regulated by top boards like the International Finance Corporation and have years of online trading experience under their belt.
This is crucial because you want to trust your money with a platform that knows what it is doing. From time to time you'll need some assistance or have a question that needs immediate answers. Find a platform that has reliable customer support. Top companies like Binomo have a response time of only 15 seconds for live chat sessions.
You don't have to wait for long to get a response on a crucial matter that affects your placed trades or account. This platform must have different modes of communication to use including live chat, direct phone lines, physical offices, email, and active social media pages. You can use any of them to reach out. The platform you choose has to have a functional and user-friendly app that you can easily download onto your phone or tablet.
With an app, you become more mobile as you place your trades and keep an eye on them. You don't have to spend the better part of your day glued in front of a desktop placing trades and waiting for their outcomes. With the right platform, the app functions well and has all the features of the main website meaning you won't miss out on any important aspect when using your mobile device.
The best platforms have their licenses in order and are regulated by top financial boards in the world like the IFC. This makes them reliable and trustworthy because they offer services that are transparent and benefit their users. When looking for a platform to place trades, this should be one of the areas you look into to prove the legitimacy of that website. Those are regulated must follow a strict code of conduct which includes favorable Terms and Conditions without any wordings that may harm users.
A platform that wants you to win in binary trading gives you a chance to practice through a demo account. com, for example, gives you a demo account with Use this money to practice trading as much as you can until you're confident in your skills. Only after doing this should you set up a standard account and start placing trades.
You are not permitted to withdraw profits obtained using virtual funds but you get invaluable training. How much must you deposit into your trading account to place trades?
Top platforms like Olymp Trade and Binary. This means you can start small as a beginner and learn to trade before depositing huge sums of money. You can always upgrade your account later when you get the hang of things.
You want a platform that doesn't play games when it comes to payouts. Some try to hide certain terms in the terms and Conditions either limiting how much you can withdraw or sneaking in extra charges.
There are even platforms that outright deny your withdrawal request. You need to select one that has a fast payout rate and a proven track record of this.
One way to learn the reputation of a company is not in what is said, it's about the activity on its platform. Top platforms have thousands of active users and millions of registered members. This means many people trust it with their money and time. IQ Option has Choosing a reliable and honest platform should be your priority to avoid those that are out to take advantage of you.
You can do this by checking into several aspects of potential platforms you want to use for placing trades. As you start in binary trading, you might not be completely green. There is a reason you were drawn to this, maybe a friend is doing well and you want the same. This prompted you to start researching platforms. Well, start by putting the customer support for these platforms, maybe your top 4, to the test. Make inquiries on their chat sessions and note how fast they respond.
Also, when they respond, is it helpful or its just fast jargon that you can't understand? The best platform is the one that takes time to help you through your trading problem making sure you understand everything before they leave you to continue.
How they greet you and sign off matters as well. The best platforms are those that are concerned for their users, especially beginners. They have educative materials to help you. This comes in the form of blogs, glossary, FAQ, and even video tutorials that hold your hand throughout the first steps in binary trading. These materials aren't sold to you.
Companies that sell them are out to make money and have no interest in helping you out. With proper training and information, you don't feel very unsure as you start placing trades because the company cared enough to help you learn what to do.
They are long and seemingly boring to read but you have to. Never skip reading through the Terms and Conditions of a platform. In the future, you might find yourself in a bind due to one or two that limit you on that platform. The best websites like IQ Option and Olymp Trade need to adhere to ethical practices so they have very standard Terms and Conditions.
The same can't be said for all platforms. Some choose to be sneaky and limit payouts or even hinder them with long periods of waiting. Take your time and read through them from start to finish. Any part you don't understand, get it clarified by the customer support. The interface of the platform you choose has to be very user-friendly.
This means it loads easily and at first glance of the homepage, you can understand all the content on it. You want a platform that keeps information and details simple and doesn't use complex words to throw you off. Some platforms make their pages very complicated in a bid to frustrate the user, especially when looking for information on certain areas like payouts.
Check a page that has all that you need and you can understand it at first glance. A user-friendly interface helps you relax as you start using the platform to place trades. This is a feature that you can find on some platforms where algorithms are availed to help you choose the right trades to place.
The math is done in advance and you get the information in the form of helpful tips pointing you in the right direction. As a beginner, this can be a very helpful characteristic to look for in the first platform you sign up to.
Make sure the platform is helpful and not leading you in the wrong direction. You can read user reviews to see if its automatic trading tips are helpful or are a waste of time.
There are parts of the world where binary options are illegal but for the rest of it, it's legal but heavily regulated.
Platforms that have binary trading have to adhere to certain rules as per the regulating authorities. Only the companies that accept to be regulated and follow set regulations should be in your list of potential platforms. As you research the websites, check for those that are regulated and by whom? You can go a step further and contact these regulating authorities for a recommendation of the best platforms for binary trading.
You're about to start placing trades using real money so it's best to be in good hands from the very start. Not all platforms are regulated as some refuse to open their operations to scrutiny by regulating bodies and authorities.
This mostly means these are the ones with something to hide and don't run their operations ethically. Steer clear of platforms that have no licenses or regulators to keep them accountable.
The best like IQ Option and Binary. com are not only fully licensed to operate but are regulated by top bodies like the IFC International Finance Commission.
Ad79% of retail lose money. CFD Trading. Invest with Real-Time Quotes and Charts. Get access to markets in all corners of the world on Plus's innovative trading platform Web14 rows · At the end of the day, you might end up earning back your invested amount or with some profit on it AdA Handy Comparison Table with all the Key Facts for the World’s Biggest Trading Platforms. Commissions & Fees. Offering of Investments. Platforms & Tools. Research. Customer ServiceTrading Platforms Comparison Table ... read more