Binary options trading is less complicated than trading traditional stocks but it does require that the trader to understand what the trends in the market are and know the risks involved in this kind of trading. Binary options traders use online brokers to do their trading. Since there are hundreds of these online brokers to choose from and since each broker provides different services it’s important for the trader to understand the differences between them so they know which one to use.
Choosing the right broker is difficult because there are so many options available. The Top 11 Binary Options website was created to help traders choose the right broker for their needs. They have reviewed many brokers and have come up with a list of what they consider to be 11 of the best ones out there. They then gathered information about each broker and created reviews for each one to help traders decide which broker would be best for them. Below are three reviews of the online brokers that Top 11’s have on their website:
RB options’ website is very professional looking but not overly user friendly for new traders. The best things about their website is that it has a high payout rate of 88%; the website is very sophisticated; it has mobile device applications for allowing Android users to work from the site, and lastly it has 2 or multiple trading boxes that makes it easier to use and allows for quicker trading operation. Some of the less favorable aspects is that it doesn’t have applications for an iPhone, iPad or iOS; they are not the overly user friendly for beginning traders since there is no how to trade box visible on its first page, and they do not have a tutorial on their website explaining about binary options trading. Lastly, their asset list is difficult to find.
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Boss Capital is a relatively new online binary options trading broker. The best things about using this broker is that they have a high payout rate of 85%; their website has a nice design with a good layout; they accept numerous currencies and lastly, they have very complete tutorials, webinars and eBooks explaining binary trading. Some of the less favorable aspects is their trading options are only mentioned twice and vary in numbers each time and lastly, that its not as easy to use as it could be since it has an inconsistent start page design, it has repeated visual and informational elements and the only way to get back to the main page is by using the backspace key.
LBinary Broker’s website is user friendly and is easy to place trends on it. The best things about using this broker is that they have a high payout rate of 85%; they have mobile applications for both Androids and iOS; the website is multilingual; it has a daily marketing news category so traders can get the latest brokerage information and lastly, they have a glossary that explains some broker terms. Some of the less favorable aspects is that its design is boring and it uses similar colors in its buttons, which make it difficult to tell the buttons apart; their how to tutorial is limited only to text so it blends in making it difficult to find; the currency that is used to trade is shown in GBP, which is uncommon for non-British traders and lastly, the trading buttons that they use are different then the colors that most other broker’s websites use.
For a list of the 11 binary options brokers that Top11 Binary Options has on their website along with Top11’s complete review for each of those broker please visit their website and see which broker would be best for your trading needs.