Seeking Alpha

Top Binary's  Instablog

Top Binary
Send Message
Former Prop Trader now trading from home and loving it! Focused on junior miners, bio-techs and anything with some volatility!
My company:
Top Binary Options Broker
My blog:
Top Binary Options Broker
  • Top Binary Options Broker - A Saturated Market

    Top Binary Options Broker

    The more we continue to look around in the binary options industry the more we discover just how saturated the market is in terms of the brokers. The rise in numbers is insane and largely due to the rapidly popularizing industry itself. If you keep up with what's happening, binary brokers are beginning to pop up in the most random places offering their services countries all over the globe. We found one broker who specializes in South African customers. Another focuses solely on Dutch customers. At this point, you name the country and there is likely a broker attempting to crack it. But with so many choices now, how can one even attempt to decide which is a top binary options broker and which are just the latest creation out of Israel?

    The Trading Platform

    The one thing over 95% of these brokers share in common is the actual trading platform itself. They all like to boast the latest and greatest features, often belittling their competition in the process but the truth is simple. The vast majority of them operate using a white label software that is essentially identical to the next save for the differences in basic design and branding. So, realistically, the case many brokers make about choosing their service over that of another broker based solely on the trading platform is total nonsense. There is a section on our external blog that shows what these white label software packages look like. In many cases you can even find a broker who is too lazy to even change the generic 'About Us' section. If they can't even make that minor change, kind of gets you wondering just how capable they are of offering their 'trading services' to you. Read more about the binary trading platforms here.

    The Customer Service

    With so many binary options brokers in operation, you would think that a good number offer quality customer service. That couldn't be further from the truth. Most brokers are very aggressive and resort straight to a salespitch in the face of potential customer clients. Many will attempt to get you signed up and depositing to get a call from one of their 'account managers' who will tell you all you need to know. Many are very inexperienced and most are low paid outsourced workers serving on the front lines for that broker. There are however a couple of outstanding binary customer service examples out there and it's companies like these that should be sought out to deal with. With hundreds of brokers now in operation, you do not need settle for one that tries to constantly pressure you into depositing into your account nor do you need to accept that answers to your questions are hidden behind closed doors until you become a member. Read more about quality binary options service here.

    The top binary options broker out there is one that is transparent and helpful. Believe it or not, those two traits are quite uncommon in the industry. If binary options trading is something you're interested in, the first thing to do is understand just how many brokers actually exist. Like anything, with a lot of options comes the ability to find one that offers what you need. The top binary options broker is going to be one that doesn't hardsell you into a trading account. They won't hide information behind the registration process. They will answer your questions and assist you without you needing an account because the good ones realize there is more to the business than just trying to coerce you in the door. For more information on the binary options industry, please take a look at our external blog. There is tons of information, articles and reviews that serves as a great starting point for those interested in this rapidly popularizing alternative investment vehicle.

    Mar 29 4:21 PM | Link | Comment!
  • Binary Options Beginner - What You Need To Know

    Are you a Binary Options Beginner?

    Binary Options are the latest fad in the online investment community and we're not talking just the elites on Wall Street. A binary option is an alternative investment vehicle that essentially offers the trader the simplicity to enter a trade based on their prediction of whether an asset's price will rise or fall. Of course, as traders, we all know that trading is nowhere near as simple as choosing UP or DOWN. Without some basic strategy, an understanding of the financial markets and realizing that it takes a strategy to trade and trade well, choosing UP or DOWN on a binary option is no different that choosing Black or Red at your local casino Roulette table.

    Binary Options Beginner Tips

    As a new binary trader, you're likely being bombarded by hundreds of brokers, advertisements and countless other people all trying to sell you a 'get rich quick' strategy or charting service. The best thing you can do as a binary options beginner is to slow down and take your time while you investigate the industry. There are countless binary options brokers to choose from, all offering different perks to different regions on different platforms and so on. The key is to figure out what kind of trader you want to be and then select a broker that caters to you based on that decision. If you like fast moving assets and short time frames, you'll be right at home with 60 Second Options. If you like creating your own trades and specifying your own risk settings, the Option Builder platform is right up your alley. It's about preference and with so many brokers, assets, and options to choose from, the key is just to slow down and not dive into the first seemingly 'good deal' you come across.

    With over 100 brokers operating around the world, pick a name that has some history. You don't want to choose the latest broker to join the crowd. Read about the Top Binary Options Brokers and choose based on date founded, regulatory status, company ownership details and so on. If a broker has been around since the beginning, this is a good sign for you as a customer. If you find a broker that just opened their doors last week, you really need to do your research no matter how good of a deal they offer you to get you signed up and trading. Better safe than sorry is just as true in the financial world as it is anywhere else.

    Finally, you'll become a better trader if you quickly realize that consistency does not come from throwing darts and hoping for the best. If you trade binary options strictly based on UP and DOWN, you may as well pull out a coin and bet on heads and tails. When you enact a strategy and understand the arena, the financial trading community, you'll have a better chance at making more consistent and profitable trades. For a lot more information on binary options trading, check out our external blog!

    Mar 20 6:19 AM | Link | 1 Comment
  • Binary Options Demo Accounts - Rare But Useful

    The Binary Options Index - Binary Options Demo Accounts

    As with anything new and seemingly complex, people always want the same thing, that being a demonstration or the ability to 'test the waters'. The Binary Options industry is no different and as the interest in binary spreads around the world, the number of people seeking demo accounts continues to rise as well. However, despite the interest, there are very few brokers who are able to offer these demo accounts to interested traders. For reasons unknown to many, these binary brokers have chosen to restrict demo accounts for their binary options trading platforms. Whether it be to get you in the door with real funds or to mask the fact that trading binary options really isn't as easy as one, two, three, the search for a binary options broker who offers a demo account can take some time.

    Put yourself in the binary broker's shoes for a moment. You have hundreds, possibly thousands of people inquiring each day on a multitude of topics. How do I do this? Where can I find that? The hardest part of this entire process for the broker is to break down all of these inquiries and attempt to establish a list of people actually interested in trading and those who are just looking for a free hand out or demo solely for the sake of putting all of their funds in one position and seeing if 'trading' is for them. Granted, this oversimplifies many of the requests but it really comes down to the basics. Who is actually interested and who isn't? If binary brokers offered demo accounts to every single person who asked for one, there would be massive numbers of people signing up, throwing their entire demo funds into a couple of trades and logging out only to never take their interest in trading any further. Think of the play-money accounts in online poker rooms or casinos. When the funds aren't real, the activity at hand is not taken seriously. Brokers know this and as such, have chosen to restrict access to binary demo accounts. That's one of the possible reasons.

    The other could be the fact that a demo account would allow a trader the chance to trade without any real understanding of the markets. This trader could lose the demo funds, lose interest and walk away after a couple of bad demo trades and the brokers don't want to see that. So, the answer there is to restrict demo accounts and coax people into small deposits and a slow start while they learn the basics. Whatever the reason behind the decisions, the vast majority of the brokers do not offer demo accounts.

    There are of course exceptions to the rule. There are a few brokers who will grant a new trader a demo account but there's a catch. These brokers will have the interested trader deposit funds into their actual account prior to granting them access to a demo account. There are three brokers who offer these 'deposit first' demo accounts and you can read more about them on our blog or by clicking the above link if you're interested.

    Mar 14 12:55 AM | Link | Comment!
Full index of posts »
Latest Followers


  • Nice last minute 2 point push into the green for a seven-day winning streak on the DOW. Nice, should have seen that coming...
    Mar 13, 2013
  • Am I the only Bearish trader left? Come on.... DOW 15k in the cards? Are you serious?
    Mar 12, 2013
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.