Topic: How to choose your binary options broker?

This is very important questions because there are more than 400 brokers and most of them are not reliable. Don't be fooled by advertisements for large bonuses and 200% return on your investment.
My advise is to open a account with a broker that is registered in UK, US, Australia, New Zealand or Switzerland. This broker should provide not only binary options to the clients but also FX and CFDs. The payout for 1-minute options should be around 80%.
If you want to learn more about the binary options trading platform watch lecture 4 from my training course (https://www.udemy.com/forex-trading-with-binary-options/). You can watch also the other free lectures to find out more about the binaries.

Re: How to choose your binary options broker?

Do you know of any MT4 binary options brokers that service US Citizens?  From what I can tell, there's a handful of BO Brokers that will allow US accounts but they've all got custom web user interfaces to enter your trades on which would exclude an EA driving other than an indicator/signal based one on a secondary broker.

Minev wrote:

This is very important questions because there are more than 400 brokers and most of them are not reliable. Don't be fooled by advertisements for large bonuses and 200% return on your investment.
My advise is to open a account with a broker that is registered in UK, US, Australia, New Zealand or Switzerland. This broker should provide not only binary options to the clients but also FX and CFDs. The payout for 1-minute options should be around 80%.
If you want to learn more about the binary options trading platform watch lecture 4 from my training course (https://www.udemy.com/forex-trading-with-binary-options/). You can watch also the other free lectures to find out more about the binaries.

Re: How to choose your binary options broker?

GizmoTN wrote:

Do you know of any MT4 binary options brokers that service US Citizens?  From what I can tell, there's a handful of BO Brokers that will allow US accounts but they've all got custom web user interfaces to enter your trades on which would exclude an EA driving other than an indicator/signal based one on a secondary broker.

Minev wrote:

This is very important questions because there are more than 400 brokers and most of them are not reliable. Don't be fooled by advertisements for large bonuses and 200% return on your investment.
My advise is to open a account with a broker that is registered in UK, US, Australia, New Zealand or Switzerland. This broker should provide not only binary options to the clients but also FX and CFDs. The payout for 1-minute options should be around 80%.
If you want to learn more about the binary options trading platform watch lecture 4 from my training course (https://www.udemy.com/forex-trading-with-binary-options/). You can watch also the other free lectures to find out more about the binaries.

Usually the brokers that have binaries on MT4 are from Australia and New Zealand. If you are US citizen Nadex and Cantor Exchange are the best choices. You can generate your trading signals on MT4 and execute on their platforms.

Re: How to choose your binary options broker?

This is the plug in http://www.tradetoolsfx.com/products/

Re: How to choose your binary options broker?

Here you can see which brokers use the plug in for MT4
http://www.tradetoolsfx.com/partners.html

Re: How to choose your binary options broker?

Hi Minev,

Searching for reliable BO broker. But I find it very hard to find mt4 offering broker with good reputation. Maybe you can recommend good one, with who you had experience and got payouts.  It seems there is lot of scams... or no mt4 support. If you do not want post publicly please PM smile

Have a nice day,
Irmantas

Re: How to choose your binary options broker?

Minev wrote:

Here you can see which brokers use the plug in for MT4
http://www.tradetoolsfx.com/partners.html

Unfortunately every single one of those brokers that supports the plugin for BO excludes US Citizens.

I wonder if there's some sort of web automation script that could hook into the signal ea to drive input into the web interface.  Playing around with a few of the generated BO EAs on a gdmfx demo account it's kicked off over 200 signals over the past day.  Would hate to have to sit here like a trained monkey opening orders at every signal.

Re: How to choose your binary options broker?

Irmantas wrote:

Hi Minev,

Searching for reliable BO broker. But I find it very hard to find mt4 offering broker with good reputation. Maybe you can recommend good one, with who you had experience and got payouts.  It seems there is lot of scams... or no mt4 support. If you do not want post publicly please PM smile

Have a nice day,
Irmantas

Hi Irmantas,
I trade with brokers registerd in UK, US, Australia, New Zealand or Switzerland. I have experience with GDMFX and Core Liquidity Markets. So far, so good.

Re: How to choose your binary options broker?

GizmoTN wrote:
Minev wrote:

Here you can see which brokers use the plug in for MT4
http://www.tradetoolsfx.com/partners.html

Unfortunately every single one of those brokers that supports the plugin for BO excludes US Citizens.

I wonder if there's some sort of web automation script that could hook into the signal ea to drive input into the web interface.  Playing around with a few of the generated BO EAs on a gdmfx demo account it's kicked off over 200 signals over the past day.  Would hate to have to sit here like a trained monkey opening orders at every signal.

Hi GizmoTN,
I'm a trader and I don't know if it is possible to connect MT with another platform. If you trade the simple UP/DOWN binaries you need 3-5 good trades per day. I use MT4 to generate the trading signals and execute the trades on MT4 or another platform. Probably the average time per day is 3-5 hours max. Sometimes it could be 30 minutes.

Re: How to choose your binary options broker?

This is what you can do. Use MT4 for generating of trading signals and execute them on another BO platform.

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Re: How to choose your binary options broker?

This is the MT4 signal

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Re: How to choose your binary options broker?

Picking a binary options broker will become even harder than before, considering that CySEC is planning on banning binary options altogether. Binary options brokers already have a poor reputation and finding one that you can trust is hard enough. If regulators start banning them altogether there’d be even fewer brokers to choose from.