Binary Options Exchange
Binary options were first introduced in 2011, however, binary options are still a very new concept to most traders. Basically, a binary option gives you the ability to make a profit of 70% – 95% in just a few minutes. The first thing to do before opening a trading account, is to learn the difference between a regulated broker and binary options scam.
2013 was a turning point year for the binary option industry. There are now eight brokers who have received CySEC licenses. We anticipate that number growing in the coming year.
Traders use a variety of trading signals and strategies to maximize profits in binary option trading. The typical strategy used by binary traders is technical analysis or momentum based strategies. Day traders are usually the most successful binary option traders, as their trading style is very similar and easily adaptable for binary option trading.
Binary option brokers RBOptions and Banc De Binary offer demo accounts for traders, to get a feel for the platform, and how option trading works. Traders can really experience the effects that different option time frames have on profits or losses. Learn from our trade examples more about how it works. Binary Options Broker Regulation
Less than 5% of binary option brokers are actually licensed and regulatory by a government agency. Many binary option brokers are based in offshore countries like Cyrus or the British Virgin Islands, however recent regulatory changes in Europe has enabled brokers to receive EU approved licenses. The SEC & CFTC in America do not yet regulate the popular binary option brokers using the SpotOption or Tradologic platforms.
As of November 14th, 2013 there are over 200 binary option brokers. The few regulated brokers would like to receive regulatory oversight from the CFTC, however there are no immediate signs of that happening. Meanwhile, US based traders have a few CySEC regulated brokers who will allow them to trade with them. Visit the Cyprus Securities and Exchange Commission (CySEC) here.
View Details of Regulated Binary Option Brokers here.