UBinary Review

ubinary-logouBinary is a binary options broker that has been operating since 2011. During this period, they have managed to grow, attracting traders from all over the world. This broker works with traders from numerous countries with the exception of the United States.

One of the allures of this broker is that they cater to novices and experts of binary options trading with their various account options. They are also a secure broker that ensures that all of their traders are well protected. The broker has also gained a reputation for being quite successful. Here is an evaluation of all of the services offered by uBinary to traders:

Account Types

It is quite easy to open an account with uBinary. All you have to do is to fill in the required information in the online form. This will then be sent to be verified. Once this has taken place, you will be contacted by an account manager at uBinary. At this stage, the various options will be described to you. You will be able to decide which package suits you and your trading needs best.

Whether you are new to binary options trading or if you have been engaged in it for some time, uBinary has an account for you. There are five different options to choose from. Each of these accounts require a different deposit minimum as well as investment minimum.

  • The Micro account is the smallest account. Here, traders will only be expected to place trades worth at least $20 dollars. Signing of this account will make you eligible for a 20 percent bonus. You will also be given free signals for two weeks. Furthermore, you can expect about a 70 percent payout rate. You will also be provided with trader insurance.
  • With the Mini account, you will once again only have to invest a minimum of $20. Here, however you will be entitled to a 25 percent bonus in addition to all of the other perks offered in the Micro account. You will be given a month of free trading signals, an advanced guide, and up to 75 percent payout. You will also have the option of Flip and Buy Me Out.
  • With the Standard account, the stake is higher at $50. However, you will be given a 30 percent bonus. In addition to all of the features available with the Mini account, you will have a personal broker as well as an 80 percent payout.
  • The next package is the Gold account and that requires a stake of $150 at least. This comes along with a 40 percent bonus as well as all of the other perks of the Standard account. You will also have a 90 percent payout rate. The Platinum package is the highest one with a minimum stake of $250. In return for this, however, you can receive a bonus of up to $5000. The payout will also be upped to 95 percent.

There is also a demo account available with uBinary. Here, you will be able to get the hang of both binary options trading as well as the uBinary trading platform. There will be virtual funds provided in the place of real money. However, the demo version is not available to all clients. Only certain account holders will have the privilege of accessing the demo version.

Licensing and Security

At this point in time, uBinary is not a regulated binary options broker. Nonetheless, this is quite a common occurrence in the market. Certification alone is not enough to decide whether or not a broker is legitimate. uBinary has been operating for several years now without incident. Furthermore, all of the traders have reported being pleased with the overall conduct of the broker. They have been able to view and withdraw their funds without any hassle at all.

They do have a number of security features in place. This involves using two layers of top class firewall protection: one at the server level and one at the application level. The broker also uses advanced SSL by Verisign for authentication purposes. uBinary also uses separate encrypted servers that ensure that all of the information is isolated and secure.

Software Review

uBinary utilizes a software that is not often seen – ParagonEX. One of the perks of this trading platform is that it is very organized and minimalistic. Within moments of being on the platform, it is easy to get your bearings and understand just how to make a trade.

At this point, you will have access to more than 70 asset options with this trading software. This includes indices, currencies, stocks, and commodities. You can choose from High/Low, Short Term, and Long Term. There are intervals that can last anywhere from 60 seconds to a whole day. The option builder helps you to further tailor the platform to your liking.

Deposits and Withdrawals

There are a few different ways that you can deposit or withdraw funds. You will get to choose between credit cards, Neteller, bank wire transfer, and Skrill. uBinary will not charge for either the deposits or the withdrawals but you may have to pay fees rendered by third parties. Furthermore, you have to withdraw at least $50 from your account, every time you withdraw money.

uBinary may not be as well known as some of the other brokers in the binary options market. Nevertheless, this will soon begin to change. This broker offers many good account options, asset choices, and has incredible security as well. It is quite easy to work with this broker and just as easy to make a profit. uBinary is certainly looking at a bright future.

 

Best Binary Options Indicators

There are many different types of indicators out there. It can take a lot of time and research to go through them all and pinpoint the best indicators for binary options trading. Even then, you are probably going to have to test them out to see if they are right for you.

Fortunately, there is a bit of a shortcut to this process. This is because there are some trading indicators that traders rely upon more than others. This is for several reasons including the fact that they have been proven to be reliable time and time again. If you want some insight into the indicators that you should be using, keep reading about: Pinpointing the Best Indicators for Binary Options Trading

1) Moving Average Indicator

If you are new to binary options or are looking to keep things simple, you are going to be quite enamored with the moving average indicator. It is particularly useful for the trader that follows the price trends of the market. A moving average is based on past prices.

The moving average can do two things for you. It can help you identify the direction in which the price of an asset is moving in. It can also aid you in figuring out the support and resistance levels as well.

For instance, if the price is moving above a particular moving average, then you can assume that it is trending upwards. By taking the slope of the moving average into consideration, you will be able to determine if this trend is strong or weak.

2) Pivot Points Indicator

Pivot points indicator provide an advantage because they can be used to figure out what the general trend is over varying time frames. The ‘points’ that you get are based off the prices from the previous day.

You get seven price levels and they are established on the opening price, closing price, high price, and low price of the day. The pivot point is that the median point from this data. This mid line has three support lines drawn above it and three resistance lines drawn below it. If the price fails to reach the first of either of the lines, it is typically indicative of a trend reversal. Conversely, if it reaches the outermost lines of either the support or resistance, it denotes a continuation in the trend.

3) Stochastic Oscillator

The Stochastic oscillator is an indication of the momentum for a particular asset. It can be utilized by looking at the closing price of the asset. You will then need to compare this price with the range of prices over a set period of time.

The concept behind this indicator is as follows. It accepts that if a market trend is in an ascension period, the closing prices will continue to be on the higher levels. However, if the trend is moving downwards, the asset will close out at a continually low price. It can also inform you of when a trend may be about to reverse as it is able to identify overbought or oversold conditions.

4) Bollinger Bands

Bollinger Bands are two bands that are plotted two standard deviations away from a simple moving average. Now, standard deviation is used to determine volatility and as a result, the bands move according to whether there are periods of low or high volatility. Widening of the bands are an indicator of volatile times while contraction means lower volatility. Bollinger Bands are also great for determining breakout events. As most of the events take place between the bands, anything that occurs outside of it is an unusual event.

This is the start that you need to pinpoint the best indicators for binary options trading. Once you are aware of the most commonly used ones, you give yourself an advantage in analyzing the markets, its conditions, and its trends.

 

 

 

Binary Options Signals Scam

More and more traders are looking for legit signals that can help them make better decisions. But: Are Binary Options Signals Authentic?

There are a lot of factors to consider before placing a trade for binary options. This can require a significant amount of time and effort on your part and even then, this does not guarantee success. This is why many people rely on additional aids such as binary options signals. However, as these are not widely used, many people are confused about whether or not binary options signals are authentic. Let’s explore this topic more below:

What are Binary Options Signals?

Let’s start at the very beginning by properly defining precisely what binary options signals are. These signals are essentially tips that you receive telling you precisely what asset to trade in and whether the price will rise or fall. This means that you do not have to expend your time and energy trying to analyze the market situation. You can simply place the trade based on the information that you have received.

In order to receive these signals, you have to either sign up with an appropriate binary options broker or an independent signal provider. Now, not all brokers offer the choice of receiving signals. Furthermore, even if the brokers do make this available, it is often only to select traders. In particular, it is reserved for traders who have signed up for more exclusive accounts with higher deposit amounts.

Anyone can sign up with a signal provider. In most cases, you have to pay a monthly fee to be able to receive the binary options signals. There are a few providers that do offer free signals. Nonetheless, they then require you to do the lion’s share of the work yourself.

Can These Signals Be Trusted?

This leaves the question as to whether or not you can rely upon these signals. This answer is not quite cut and dry as it may appear. For one, the accuracy of the signal largely depends on the broker or the provider that is producing them. The resulting precision is reliant upon the method employed by the specific provider or broker to develop the signal. Therefore, you cannot necessarily trust all of the signals that are available to you.

The other factor that comes into play is the type of signal that is produced. The signals tend to vary in complexity. The more simple ones just inform you of the asset and the direction in which the value is about to move. This tend to be more accurate as there is very little detail that needs to be discerned by the broker or provider. More complicated signals, however, will tell you just how much the value will fall or increase by. Since there are a greater number of aspects to analyze, this tend to be lower in terms of accuracy.

Are Binary Options Signals for You?

Since there is no real straightforward explanation regarding the accuracy of binary options signals, you may wonder if it is for you. Well, this too is dependent on several things. For instance, if you are new to binary options trading, this can prove to be quite useful. Especially so if you are not able to accurately analyze the market. This will give you the edge that you need. At the same time it is best to stick with simple signals to minimize your losses. It is also important to understand that these signals are not created for all assets. Therefore, it will only be useful for you if there are signals for your preferred asset.

This article tells you that binary options signals are authentic. However, it is also vital that you know that there is a great deal more to it. This will allow you to utilize these more carefully.

How to Identify a Binary Options Scam

scamEven a little bit of research into binary options trading will have informed you that there are scams out there. Many an unsuspecting trader has fallen victim to them and lost a considerable amount of money.

This should not put you off from engaging in this type of trading. Instead, you should know how to identify a binary options scam. This way, you will still be able to benefit from all of the perks available while safeguarding yourself from unsavory schemes. Here is how you can manage this:

1) Know What the Most Common Scams Are

There are some scams that are more frequently utilized than others. By knowing what they are, you will play closer attention to what you are being offered. You may have heard of traders complaining about how they are unable to withdraw money from their accounts.

Once you have deposited money, the brokers will block attempts to withdraw it. They will also stop answering emails and phone calls. Another is hiding various principles and protocols within the terms and conditions. Few people go through each point and sign the contract without realizing what they are agreeing to. Another scheme that has been documented is where traders are promised that their accounts will be managed by a professional. Once an unsavory broker has gained control over your account, they will most likely drain it.

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2) Beware of A Poorly Designed Website

Sometimes, you can judge a book by its cover. A broker that is professional will take great care to create an aesthetically pleasing website that is user friendly. A legitimate broker understands that their website is much like their storefront and that appearances matter.

It is always important to look through the site, looking for as much information as possible. Authentic brokers will typically have detailed pages so that you are aware of precisely what it is that you are signing up for.

This includes information on deposit and withdrawal processes. The site will also have email addresses and phone numbers. Make sure that you try both avenues to ensure that there are people who will answer the phone if you need customer support.

3) Pay Attention to Promises

Now, it’s easy enough to spot and avoid those claims of turning you into a millionaire in a month. The first sign of an illegitimate operation is the promise of unrealistic goals and opportunities. However, you should also be aware that sometimes, it is a little more subtle than that. Large bonuses and the promise of unprecedented payout rates may also be used as lures. It is a good thing to note that CySEC has actually imposed sanctions of regulated brokers that offer bonuses. When it comes to payouts, it can be a little trickier. It is still a good idea to be suspicious of rates that seem unusually high. Do some research to see what most brokers are offering to determine what the baseline percentage should be.

This is how to identify a binary options scam. Some schemes might be incredibly well camouflaged, however. Thus, always ask numerous reliable sources about a broker before making deposits. Even then, limit your deposits so that you can’t lose too much of money.

How To Be A Good Binary Options Trader

You may hear people boast about how binary options trading is a piece of cake or ‘easy money’. While this form of trading is not overtly complicated, people who underestimate it often have a poor understanding of the system.

This is because just like with any other type of trading, binary options requires a certain skillset. This means that there are skills essential to being a good binary options trader. If you don’t possess them or hone them, you may find it quite difficult to succeed. Here are some of the traits that you should encompass:

A Proficiency with Numbers

As binary options trading is considered to be “all or nothing”, most individuals feel as they do not need have a good grasp of math or calculations. This, however, is an incredibly important talent to have. Now, you don’t need to know or understand advanced mathematics.

However, you should be able to use common formulas. This is so that you are better equipped to understand various aspects of your trading. This includes knowing precisely how much you can afford to spend on any single trade. Also, you should be able to calculate how much you need to win in order to break even and then make a profit.

You will have to compare this with your actual, win and loss rate to determine whether or not you are achieving your goal. The list really does go on. So, if you really want to be successful, you are going to need to have a good grasp of the mathematical element of this form of trading.

The Ability to Evaluate Risk

Risk is inevitable with all types of trading and with binary options, especially. When you stand to lose your entire investment in a trade, it is vital that you carefully evaluate the risk involved with every trade. Now, it is impossible to completely rid yourself of all threats. What you can do, however, is to minimize the amount that you can incur.

This means considering the asset, the market conditions, and the strategy that you are using to place this trade. Sometimes, it could also mean assessing the balance that you have in your account and whether or not you can afford to invest a specific amount.

An Aptitude for Learning

There is one thing that you should know about binary options trading, straight off the bat. This is that as long as you are involved in this type of trading, you must be prepared to learn. You will need to study the trading, market news, asset news, and much more. By having a proper understanding of binary options trading, you are giving yourself the ability to get a leg up on the competition. By collecting information on a particular asset, you can decipher how it will act in a certain market situation.

Just as important, however, is the ability to learn from your own mistakes. Every trade loss that you incur is actually a unique learning opportunity. Therefore, it is important not to simply dismiss them. Instead, carefully examine them to see precisely what went wrong. This will provide you with what you need to avoid that situation in the future.

The Gift of Patience

This perhaps, is the most difficult one of all. Patience is not a virtue that is given to many but it is certainly an important one if you wish to be a proficient trader. So, why do you need patience? Well, for a couple of reasons. The first is to wait for market conditions that actually favor your asset and trading strategy.

The other is to wait out losses and not giving up after a losing streak. As long as you can manage this, you will have mastered something that few traders have.

So, these are the skills that are essential to being a good binary options trader. It is not enough to merely have just one or two of them – you need them all.

Trading Indicators

You don’t need to be a seasoned binary options trader to realize the relevance of trading indicators. While many individuals emphasize the importance of such indicators, they don’t really offer much more information. If you are just getting started with binary options, you may not even be aware that there are different types of trading indicators.

It is important that you understand what each of them are. This way, you will better equipped to decide which one you should use and when. Depending on the type of trader that you choose to be, you will use some of these options more than most. Here is what you need to be aware of:

1) Trend Indicators

As the name suggests, trend indicators help you determine when a trend has formed with the price movements. This trend could be moving in an upwards direction, declining, or moving sideways (remaining steady). By following the trend, you are able to maximize your profit and limit your risks.

The problem, however, is that trends are not as widespread as traders might imagine. This is because the market tends towards consolidation, not forming patterns for a period of time. If you do want to take advantage of when a trend does appear, you are going to need to rely upon trend indicators. One of the more popular trend indicators that are used is the Moving Average. This allows the average price of an asset to be plotted on a chart.

2) Oscillators

Oscillator indicators are one of the most popular types of indicators among traders dealing with technical analysis. This is because it can be used on any type of asset, any timeframe, and works well with other indicators.

So, what precisely does an oscillator indicator do? An oscillator is often marked out as being in the middle of two extremes. As a result, it is a good indicator of when a certain asset has either been oversold or overbought. This means that market sentiment has caused investors to either place too much or too little value in a particular asset. It is quite helpful in determining market reversals. It can indicate when a price movement or trend is going to change.

The two most commonly used type of oscillator indicators are the Relative Strength Index and the stochastic oscillator.

3) Volatility Indicators

As you know the market can be a volatile place at times. This means that certain asset classes can hit times of both great highs and lows, depending on the situation. Volatility indicators can be used for two separate purposes. The first is that you can exit the market when you see the situation becoming too turbulent. Other traders, however, thrive on this uncertainty. These traders use the volatility indicators to take advantage of the instability and to place trades.

The Bollinger Bands, in particular, are used quite frequently to determine volatility. When there is less volatility, the bands for this indicator will move closer together. The greater the volatility, however, the wider apart the bands move.

4) Cycle Indicators

Last but not least, there are the cycle indicators. Now, these type of indicators are actually considered to be one of the most complex options. These indicators help you to determine a number of factors regarding the price. This includes the cycles, the retracement dips, the peaks, and the troughs. These indicators can help you to determine when an asset will either begin or end its retracement. The most well-known cycle indicator is the Schaff Trend cycle indicator. It is important to discern that there is often a great amount of confusion between oscillators and cycle indicators. They are, however, quite different.

So these are the different types of trading indicators that you need to know about. As you can see, they come in useful for varying reasons. Once you have determined the type of trader that you want to be, you will begin to utilize these properly.

Finpari Minimum Deposit

Established in 2014, Finpari is a binary options broker that has quickly grown to be one of the more popular platforms around. This is largely due to the comprehensive and efficient services that it offers to all of its traders.

The binary options platform is also known for accepting traders from all over the world, including the United States. In particular, Finpari has gained a reputation for providing their traders with some of the best financial services around. Let’s take a look at some of the features that this binary options broker has to offer:

Minimum Deposit

One of the advantages of Finpari is the low deposit requirement. If you wish to open an account with this broker, you will require at least $250 dollars to do so. With this minimum amount, you will be able to open a Bronze account, the lowest tier offered by the platform.

By doing so, traders are provided with access to several services. First, for the $250 dollars that have been deposited, traders are eligible for a +20 percent bonus. They are also guaranteed that all of their withdrawals will be handled within an hour. They will also be provided with the ability to undergo online trading courses. Finally, the traders are given the chance to utilize demo accounts to refine their trading skills. The other two accounts available are the Silver and Gold, which require minimum deposits of $1000 and $3000 respectively.

Deposit Methods

Finpari provides traders with a multitude of options to deposit funds. This includes using debit cards, credit cards, PayPal, wire transfers, Perfect Money, Qiwi, OKPAY, Alipay, Neteller, and WebPay. Finpari also accepts payment in the form of Bitcoin, deposited in a Bitcoin wallet.

There are a few restrictions on these deposit methods. For instance, with Neteller, the broker can cater to most regions with the exception of the United States and the UAE. Qiwi Wallet is also limited to Eastern Europe, while Alipay can only be used in Asia.

Depending on the deposit method chosen, the funds can be deposited between anywhere from an hour to six hours. While Finpari does not charge traders any fees for depositing money, there may be third party entities who will do so. The trader will be responsible for these charges accordingly.

Minimum Trade Amount

The other distinctive benefit of trading with Finpari is that you are required to trade with as little as you choose. Depending on the type of trade, you can trade with as little as a single dollar. For instance, for each 60 second binary options order, you can trade with $1. If you require to make other trades, the minimum amount is a little higher, but still quite reasonable. For other types of trades, you will be required to trade with at least $10. The most that you can trade with at any given moment is $1500.

Base Currency

When you first open an account with Finpari, you will be given the option of choosing a base currency. You can choose between US dollars or Euros. Once you have decided on which currency to use, this is how your deposits will appear. As such, you will be expected to make deposits that will total a particular sum either in dollars or in Euros. Your trading results as well will be displayed in the base currency.

These are the deposit facts that you need to know about Finpari binary options broker. In conclusion, you can open an account for a minimum amount of $250. You can then trade with as little as $1, depending on the preferred trade. You will also have the opportunity to choose from numerous deposit methods when you wish to deposit money into your account.

Trading Binary Options During Volatile Times

The financial market, for the most part, tends to be quite smooth. Of course, every now and then, there is an economic, political, or social shift and the market gets bumpy for a while. Most investors and traders tend to step away for periods such as these.

This is because it can be quite difficult to decide just where the value of an asset is going. While this is a prudent step, you may also be missing out on quite an opportunity. If you know about trading binary options during volatile times, you may actually be able to make yourself some money.

However, it is important to understand that expert traders are most likely to benefit from these techniques:

The Types of Volatility

The first thing that you should understand is the different types of volatility that you may encounter. One of these types is known as historical volatility. This is just how volatile a certain asset has been prior to this.

These statistics are collected over a particular period of time. Using them, traders are able to decide how the asset may behave again. While it can be useful, you can rely solely upon the information that has been provided to you by this analysis.

The other type is called implied volatility. This is a measure of just how volatile a particular asset can get. This is determined by looking at the price of standard options in relation to this precise asset value. In turn, this can be used to identify extreme highs or lows in the market. These extreme price points are typically an indicator that the market is going to change direction.

Volatility Indicators

The relative volatility indicator is an oscillator style indicator. It has a very important function and that is to provide information about the direction of the volatility. Without this, you will just be able to view volatility as movement but be unaware of the direction it will take.

Then, there is the Chaikin volatility indicator which is also an oscillator style indicator. This can be used to identify the uppermost and lowermost parts of trends. As such, it can identify when a market reversal is about to take place. Last but not least, there are the Bollinger Bands, which are actually quite popular during popular periods.

The bands here pull together when volatility decreases and relax when it increases. With the help of these bands, you may be able to discern market reversal or continuation.

Expiry Times

The other thing that traders think about during volatile times is expiry times. The expiry times that you decide upon should depend on just one thing. Are you hoping to ride out the volatility with minimal impact or are you trying to place trades that will make you money.

Let’s say, that you just want to survive this particular period. In this case, longer trades would make sense. This is because they help you to achieve some balance. If you want to be a part of it, however, then shorter trades are what you should opt for. You can make use of the quickly changing prices and get a higher payout for your trouble.

Important Information for Volatile Markets

When the market is volatile, there are great many number of changes afoot. Even the most mundane process may be turned on its head due to the fast paced movements taking place. For instance, you are used to up to date information prior to making your trades.

You may be surprised to learn that it is not always so during volatility as the prices can fluctuate so quickly. Similarly, you may find that your trades are lagging due to a larger number of trades taking place. Therefore, it is important to keep these in mind while placing trades.

This is what you need to know about trading binary options during volatile times. As long as you take the risks into consideration and implement a proper plan, you should do well.

Daweda Review

Daweda Exchange is unlike other binary options brokers on the market. In fact, they do not really function as a broker at all. Instead, they provide traders with a platform that allows them to trade with one another directly.

Traders are able to sell and buy binary contracts with Daweda Exchange taking just $0.5 for every contract that is handled. It is this fair trading method as well as their excellent services that has put Daweda Exchange on the map.

This, as well as the 100 percent payout, has made this exchange quite popular. Here is a closer look at how Daweda Exchange operates:

Accounts, Bonuses, and Other Features

As Daweda Exchange operates a little differently to most binary options brokers, there are also a few disparities in the account types. Most brokers tend to have several options for traders to choose from. There are the lower tier, cheaper accounts and the more premium, more expensive ones. Depending on the account type that you registered for, you have access to different services.

With Daweda Exchange, however, there is only one account available. To open this account, you simply have to go to the ‘Start Trading’ part of the website. Then, you will be given directions on how you can open your trading account. You will have to enter several personal details and submit these for verification.

If you wish to start trading, you are going to need to deposit money into your account. The minimum amount of money that you are expected to deposit in your account is £100 or an equivalent in the currency of your choosing. Once it has been verified that the money has been deposited into your account, you will be able to trade binary contracts with another trader on the platform.

With Daweda Exchange, the profit that you make is entirely yours. If you happen to make an in-the-money trade, you will be the recipient of all of that money. The only thing that will be put aside for Daweda is $0.5 (or the equivalent, depending on the currency) for each $10 contract.

This, however, is not the only option available to you as a trader, however. You are not required to immediately commit to the Daweda Exchange trading platform if you do not wish to. There is also a demo account available. You can sign up for this instead of the actual account. Here, you will be able to take a look at how the unique trading platform works. While you will be able to have access to information and make trades, these will not be real.

This is merely to help you get used to the Daweda Exchange services. If you would like to continue with the Daweda Exchange, you can. You simply have to switch from the demo account to the real account. Once you have deposited the necessary amount, you will be able to begin trading binary contracts for real.

Licensing and Security

One of the things that most traders are concerned with binary options trading is that a large number of the brokers are not licensed. While this is not uncommon and typically not alarming, some traders feel quite uneasy about this.

Daweda Exchange, however, is one of the few entities in binary options trading that are certified and regulated by multiple authorities. They are licensed by the CySEC (Cyprus Securities and Exchange Commission).

In addition, they are also compliant with the regulations set forth by the European Markets in Financial Instruments Directive, Payment Card Industry, and the Anti-Money Laundering.

As the Daweda Exchange obeys so many standards, they are quite stringent with their security. They take great care to protect all of the information and details that they have collected about their clients. Furthermore, they also make sure that all of the transactions are conducted over secure networks.

Software Review

Daweda Exchange boasts their own platform due to the very unique services that they provide. Although it is a little different from what traders are typically used to, the platform is quite easy to use and navigate.

On the platform, you will be able to see all of the assets available to you as well as the expiry times of the trades. Once you select the market you wish to trade in, these details will be automatically updated. You then have the option to choose from the contract that suits you best. After this is done, an Options Order will be triggered at this point.

The reason that this portion is dissimilar to other platforms is because of the peer to peer trading system in place. Here, traders get to choose their prices and then wait for a match. The option will be placed when another trader is willing to take the opposite position of the trade.

Deposits and Withdrawals

There are many ways that you can both deposit your funds as well as withdraw money from your account. This includes utilizing credit card services, Moneybookers, or bank wire transfer. For withdrawals, the request will be processed within 24 hours. Each trader will be able to withdraw their money for free once every month. After this, you will be charged $25 every time that you take out your money.

Daweda Exchange is certainly one of the more unusual binary options entities on the market. Nonetheless, this licensed online company provides excellent features, an interactive platform, and unprecedented services. They also offer traders the option to make a considerable amount of money due to the 100 percent payout with the money trades.

Are Binary Options Rigged?

If you have ever visited a forum hoping to get information about binary options trading, you may have encountered certain types of individuals. These are people who rant and rage against binary options trading, condemning. Some may even go so far to call them scams or a mechanism where the outcome is engineered.

If you read enough of these you may begin to wonder if binary options are rigged.

You will be happy to learn that binary options trading is certainly not fixed or rigged in anyway. Of course, this may open the door to another query regarding why some people may think so. Well, here are some of the factors that cause such the perpetuation of such a notion:

1) The Nature of the Trading

One of the reasons that many people may be questioning the legitimacy of this form of trading is because of what it entails. In short, it is due to the all-or-nothing tendency of binary options trading. If you win your trade, you get your investment back in addition to a profit. If you lose the trade, all of your money is gone. This is not something that people are used and is certainly not something that they are comfortable with.

Now, when you add this to the fact that sometimes, traders may experience a losing streak. Despite having a strategy in place and carefully examining the market, they may lose out on several consecutive trades. There is nothing abnormal about this and it is common enough with other forms of trading as well. However, so much of continuing loss can cause many traders to feel as though they are playing a fixed game.

2) Unscrupulous Brokers

Despite what many people may have you believe, not all binary options brokers are scam artists. At the same time, there are many out there who are fraudulent and who have scammed people out of their money. Due to false advertising, it can often seem as though the fake brokers outnumber the authentic ones.

In turn, this causes individuals to believe that all of the brokers are fake and by comparison, the entire trading system as well. While this is not true, it has happened enough of times for people to be cautious. Nonetheless, as long as you stick with reputable and licensed brokers, you should be able to negate this risk.

3) Inexperienced Traders

A persistent theme here is unverified facts and false beliefs. Well, adding to the list is that many traders do not fully understand binary options trading. It can appear to be quite easy and as a result, many may feel as though they don’t need any preparation.

In particular, they may jump right in without any practice or any strategies in place. To do so, will result in traders losing a majority of the time. While they may get lucky every now and then, they will typically experience more losses than wins. If this pattern continues, they will feel as though the broker is purposely hindering their success.

You now know that binary options are not rigged. You are also aware of the reasons that people may feel as though this type of trading is fraudulent or deceitful.