Comparative Study by Yee Kok Siong In Binary Options Tradingby Michael O Norton Forex Trader
Binary options comparative study is becoming important for the novice binary options traders with time as the new brokers are multiplying everyday. Yee Kok Siong always suggests to check the authenticity of the broker and to avoid the risk of scam by properly conducting the study of such brokers.
The Greater The Number Of Broker, The Greater The Need Of Comparing
In order to avoid the fraudulent activities of the brokers in binary options trading, it is important for the trader to select the broker with a good reputation in the market place. It is easy for the experienced traders to recruit an authentic broker for trading purposes and rely on his advises, as they have experience in the field and already have a long-term encounter with the professional brokers. However, this situation is not in favor of new traders who are not aware about the circumstances and are new in the field. To hand over your hard-earned money to a legitimate broker, conduct a comparative study based on the data of each broker. Such data is available on several websites in the form of comparative studies for the traders.
Comparative Study And Important Aspects
Following points by Yee Kok Siong should be considered while investing on particular binary options given by the broker.
- The important point to check is the limit of amount that can be invested from the broker's platform, the minimum limit as well as the maximum limit should be checked and realized when comparing several brokers.
- The one time deposit amount that is required by the broker in the beginning of the contract should be compared. Each broker asks for different amount depending upon the features offered.
- The next thing to check in comparison is the amount of return on each investment by the broker. The scam brokers offer high pay returns. You must also check the condition of payment in case of loss.
- Moreover, the items and their values can also be compared on which a broker is investing the money. The options that a broker offers to the investor are rise, fall, target and others. It is vital to note that all brokers do not offer all binary options. So, it is essential to check the options and assets well before the investment.
Other Things To Look At Before Investing The Money
If you don't trust on the data of the comparative study, the other factor that helps you in addition to the above pointers, before making the investment to a particular broker, is the customer's feedback. Moreover, the trader can also make a direct contact to communicate about the possible questions with the broker. In this way, you can ensure the authenticity of the binary options broker.
Created on Nov 15th 2018 01:13. Viewed 547 times.
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