But there are some aspects that you should consider before deciding on your binary options broker. Some investors might want to give a higher weightage to a particular feature while it may not be important for others. Having described our top three binary options traders, there is bound to be some idiosyncrasy in individual likes and dislikes. Pocket Option is registered in the Republic of the Marshall Islands and is regulated by FMRRC (Financial Market Relations Regulation Center), which is an independent body. The trading platform looks good for beginners as well as seasoned investors and allows US citizens. Pocket Option does not charge any commission on deposit and withdrawal. It also organizes tournaments on its platform where you can participate and earn rewards. The platform also allows social trading and lets you copy trades of some of the successful traders on the platform. It lets you invest in a variety of assets like stocks, commodities, currencies, and cryptocurrencies. Pocket Option also provides an initial bonus when you deposit money. For all other payment modes, the minimum amount is $1. However, the minimum transaction value is $500 for wire transfers. You can use cards, e-payments, wire transfers, and cryptocurrencies to make deposits in your trading account. Pocket Option lets you invest in binary options on its platform from as low as $1. The platform allows very restrictive trading on weekends.
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It also charges a $25 fee for every withdrawal using the wire transfer. Also, Nadex does not offer a bonus like most other binary options brokers. You cannot trade in individual stocks but only in stock index futures.
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Nadex allows trading on only a handful of assets. The minimum initial balance of $250 might be prohibitive for some investors. There are, however, a few cons with the Nadex account. In regards to platform functionality, Nadex is comparable with the market, not a slick as some of the bigger names in trading, but certainly suitable for beginners. Nadex lets you trade with a demo account so you can familiarize yourself with the platform and binary options in general. For withdrawals, you can go for wire transfer, bank transfer, or debit card. To deposit money, you can use your checking account, debit card, bank transfer, wire transfer, or could even drop a physical cheque. The platform lets you enter into a contract with major US and global stock index futures, forex, commodities, and events markets. There is no settlement charge if the trade expires out of the money. If the trade expires in the money, there is a $1 settlement charge. Nadex requires a minimum balance of $250 and charges a $1 trading fee per contract on entry and exit before expiry.
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Being US registered adds credibility to Nadex. Nadex is regulated by the CFTC (Commodity Futures Trading Commission). We rate Nadex as our preferred provider if binary options.
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For those who are not familiar with Binary Options we also explain how to sign up and start trading with our number one provider. We have selected three of the best binary options brokers on the market for you to explore, with a framework of factors to consider before signing up. In addition to the legislative issues around Binary Options, there are several other considerations to keep in mind, which we explore through this article. While there are many brokers and trading platforms, there only a selected few let you trade in binary options, and of the providers that do allow binary options trading, many are governed by lax regulators. Ever thought of investing in binary options? Trading in binary options can be exciting but at the same time, risky.