Binary options trading officially began in 2011, however, trading binary options is still a new concept to most traders. A binary option gives traders the ability to profit between 70% and 95% in just a few minutes.
According to the Binary Option Brokers Association there are almost 300 brokers offering binary options for trading. The first thing to do before opening a trading account, is to learn the difference between regulated brokers and binary option scams.
Binary option brokers MarketOptions and PowerOption offer demo accounts for traders to get a feel for their platform. Traders can really experience the effects that different option time frames have on profits or losses. Visit our education section to learn more.
Traders use a variety of trading signals and strategies to maximize profits in binary options trading. The typical strategy used by binary traders is technical analysis or momentum based strategies. Forex traders are usually the most successful binary option traders, as their trading style is very similar and easily adaptable for binary option trading. Visit our signals section to learn more.
Regulation of Binary Option Brokers
Less than 5% of binary option brokers are actually licensed and regulated by CySEC. Most binary option brokers are based in offshore countries like Cyprus or the British Virgin Islands, however the recent MiFID regulations in the European Union, has allowed brokers to receive EU approved licenses. The United States SEC & CFTC do not regulate the brokers using the SpotOption or Tradologic platforms. Visit the Cyprus Securities and Exchange Commission (CySEC) here. 2013 was a turning point year for the binary option industry. There are now ten binary option brokers that have received a license from CySEC, see here. View Details of Regulated Binary Option Brokers here.