You will have a middle line, and then the trader will have to choose what is above or below that line. No matter how far you are from the line, you will get a full payout if you select the right side but if you landed on the wrong side, you lose all.
You can now see why it has been likened to gambling and even forbidden in some countries. This kind of trade can be infiltrated by scammers who want to make a quick buck hence luring customers into bad decisions and losses.
The Broker
When it comes to the trading of binary options, it is a game that requires players who can gamble and make the tough decisions. Because it is a trade, some brokers make the whole process happen.
When it comes to the trading of binary options, it is a game that requires players who can gamble and make the tough decisions. Because it is a trade, some brokers make the whole process happen.
A binary options broker will be an individual who will negotiate the prices for you and help you make the right choice. He may not be involved in the final choice that you make but will work to avail the options to you.
Where Did It All Come From
These became apparent in 2008, but they had been traded before by the big investors, but the public came to understand and try them in 2008 after the US Securities and Exchange Commission approved the trading of these options.
After that, several commissions that are concerned with the trading of these securities approved this, and it was made available to retail traders, and now, you can start trading so easily because all you need are a couple of hundreds to get going.
And the best part is that you don’t have to become an expert, which is because the options are so clear and you just have to choose a side to be on, and you are there. A brilliant kid can trade here and make money.
How Far Has This Gone
Just like in fashion, the finance world has trends, and this is one of the most recent ones, and it has spread across Europe and Asia in part. This is because of the ease in which you can trade in these and get profits.
They have spread in most of North America which are where they most likely originated from. In other countries, they are not traded because they are illegal. That is to say that they are very susceptible to fraud and the people who trade in them can be scammed heavily.
These are the countries where they trade Binary Options:
- The United States of America
- Middle East
- Asia
- United Kingdom
- Germany
- Italy
- France
- Canada
- Australia
They have taken over the world by storm, and they are being traded though not heavily, but they will eventually catch up.
The Services Offered
When it comes to the services that are offered by a brokerage company like Trade Thunder, we can explore the many avenues that are all in line with binary options. Apart from making it possible for you to trade in these choices, they get so much more done.
1. Depositing and Withdrawing Money
Trade Thunder has an easy way of making these money transactions easier for everyone starting with you the customer going down to themselves and the accounting in general. The two methods that are used here include credit card and wire transfer.
The minimum deposit is just $20 which makes it easier for everyone to join and start trading for as low as $1. The maximum that they accept is $5000, and if you want to deposit higher than that, you will have to contact them and set that up.
2. Trading
There are just two options that you get on this platform, which is high or low. The trades take place in a very short time, and if you want to speed up things, you can even go for the 60 seconds trades which are very competitive with profits ranging up to 90% of the amount invested.
When you are here, you can keep your options open for as long as a couple of days, but faster trades are always better. It does not mean that you too should play like the big ones and go for the 1-minute trades.
3. Customer Care
Whenever you are trading with this platform as your broker, you can always call in and ask questions or get clarifications or just as for information about something. They are available 24 hours a day, and you can call, go online for a direct chat, email or live chat.
However, the platform supports just three languages, English, German, and Deutsch. This means that customers from other countries that don’t speak these languages can experience difficulties in the trades.
What You Trade
Binary trades are based on a very simple basis. You either say yes or no to the deal which involves staking in assets. You will be betting whether or not the asset will be above or below a certain level. Then, you will be able to get your profits from the correct choice.
It is so simple, but it is based on the notions that are more lucky hunches based on a little knowledge of the market and how it works when you bet that something will be above a certain price shortly, it could be because of the trends or something else.
Trading Software
In the trading of binary options, we do have this software that is called binary options robots, and they can help you get the job done in an instant by using the new trends and predictions of the market behaviours on the things you are investing on.
The computer programs will be used to analyse the markets and help you come up with the most probable of the outcomes. You can customise the settings so that the outcome and results that you get are accurate to what you are interested in and with the optimum profit potential.
Bonus Offers
When you are signing up for Trade Thunder, you will get these cool bonuses that are meant to boost you as you get started with trading in Binary Options. This will happen if you can do them the service of inviting a friend to get on the bandwagon.
Here is how it works. You invite a friend, and he signs up. Then he will make a deposit of more than $300 for this to work. You will, in turn, get the $50 bonus that is a healthy amount to be having for just inviting a friend into the program.
Another bonus that you get happens when you have more than $500 deposited. This will ensure that you have risk-free trades. These bonuses do not only include money but also a few goodies that are sent to you.
Caring for The Customers
All companies have to be conscious of the need that the consumers have, and one of these requirements is to have access to the firm or business at all times so they can complain or recommend or even ask something. Well, trade Thunder is no exception, and you will be able to get in touch with them anytime.
They will be available to you day and night to take your questions about what is not clear to you. These interactions are mostly through calls, but they offer other avenues too. These will include emailing, live chats and you can get them immediately without waiting.
When it comes to businesses that involve money in those amounts, it is normal that customers will demand a lot and will want to be catered for a lot of the time while being very demanding about the whole thing. So, if you have any queries or you are unsure, just pick up the phone and call.
Depositing Money
As it was explained in the part where the services were mentioned, this is an easy process where they accept two types of deposits which include credit card and wire transfers. These are the safest and easy to validate avenues.
Withdrawing
When you want to withdraw, the company will ask you to provide the ID that will confirm you are you just as a formality. Then, you will have between 3 and five days of waiting for your money to come through to you.
You will not be charged any withdrawals fees, but you will be subjected to the rule that allows only a certain minimum amount before you can be allowed to withdraw any money. This method though a bit different is done for different reasons.
However, other companies that are not Trade Thunder will allow even a withdrawal of as little as $10. This may be the cause that will make you not join Trade Thunder, but at this pace, they are one of the best companies to work with.
In Conclusion
As you have seen, trading in binary options is a great idea that has changed the game in the trading markets. It is a simple method that uses up very little of your money as capital when you are getting started.
Your expertise can aid These choices that you have to make, or you can get yourself some binary options robots software that will help give you the best predictions hence giving you an edge in the competition.