An up and coming global binary option broker
Along with the addition of 14 stock pairs you get a relatively comprehensive list of binary options assets with at our last count. With these you can perform short trades in the range of 30 seconds up to 2 minutes along with longer trades from 15 mins up to months. This allows thrill seeking traders along with more patient traders to try out their binary option strategies and find the type of trades that work best for them.
Unfortunately there are no out of the money returns to be had with this binary options online broker. Be sure to choose the right one when registering as this can't be changed later. The min deposit is a little high and can put off many new traders from giving this new but well established binary trading site a go.
To get any of your winnings out you will have to provide some standard identification details first off. Photo ID and proof of address are a must to ensure all goes smoothly and you get your money in a timely fashion. In case you are worried about security when you make a deposit or withdrawal all transactions are fully SSL encrypted and they are PCI compliant in that they do not store your payment information. Good customer support and quick problem resolution is a must when dealing with a binary options broker.
Many brokers online perform badly here and that leads to a negative experience and mistrust in the worst cases. However we are happy to report that there are no Boss Capital complaints here.
With quick responses, friendly chat staff and problems resolved timely it scores highly with us. We are pleased to say that you can access your binary options trading account no matter where you are with dedicated iPhone and Android apps available from the respective stores. Not only that but if you don't want to use a trading app to access your account you can simply load up the Boss Capital broker site on your phones browser and use that instantly.
With all the features you can find online the mobile trading apps don't skimp on functionality. You can quickly view your current trades, future ones and keep an eye on the current markets all in the palm of your hand no matter where you are. Many brokers online perform badly here and that leads to a negative experience and mistrust in the worst cases.
However we are happy to report that there are no Boss Capital complaints here. With quick responses, friendly chat staff and problems resolved timely it scores highly with us.
We are pleased to say that you can access your binary options trading account no matter where you are with dedicated iPhone and Android apps available from the respective stores. Not only that but if you don't want to use a trading app to access your account you can simply load up the Boss Capital broker site on your phones browser and use that instantly. With all the features you can find online the mobile trading apps don't skimp on functionality. You can quickly view your current trades, future ones and keep an eye on the current markets all in the palm of your hand no matter where you are.
If you are new to binary options trading and are looking for somewhere to learn to trade then this broker is a good place to start. Their Trading Academy offers an assortment of free educational material from basics to advanced video tutorials to regularly hosted live webinars. Not only that but the free Boss Capital ebook walks you through 50 pages of key concepts and in depth trading strategies. And once you have brushed up on your skills you can ask their support for a free Boss Capital demo account to put what you have learnt in to action before you make that all important first deposit.
They also offer up to date financial market news to keep your finger on the pulse of what is going on in the world, potentially leading to more profitable trades. The Boss Capital binary options trading platform comes with a popular feature found at many brokers online, which is Early Closure. Allowing you to profit in volatile markets. Depending on the type of option you have chosen to trade you can for a certain period of time close your option ahead of its expiry time.
Once you do this you receive a percentage of your return which is lower than if you allowed the option to expire and it landed in the money but better than if it landed out of the money when you would receive nothing. We have to say we were impressed by this relatively new binary options broker. The payouts per trade are usually higher in binaries than with other forms of trading.
This is achievable without jeopardising the account. In other markets, such payouts can only occur if a trader disregards all rules of money management and exposes a large amount of trading capital to the market, hoping for one big payout which never occurs in most cases.
In order to trade the highly volatile forex or commodities markets, a trader has to have a reasonable amount of money as trading capital. For instance, trading gold, a commodity with an intra-day volatility of up to 10, pips in times of high volatility, requires trading capital in tens of thousands of dollars.
The payouts for binary options trades are drastically reduced when the odds for that trade succeeding are very high. Of course in such situations, the trades are more unpredictable. Experienced traders can get around this by sourcing for these tools elsewhere; inexperienced traders who are new to the market are not as fortunate.
This is changing for the better though, as operators mature and become aware of the need for these tools to attract traders. Unlike in forex where traders can get accounts that allow them to trade mini- and micro-lots on small account sizes, many binary option brokers set a trading floor; minimum amounts which a trader can trade in the market.
This makes it easier to lose too much capital when trading binaries. In this situation, four losing trades will blow the account. When trading a market like the forex or commodities market, it is possible to close a trade with minimal losses and open another profitable one, if a repeat analysis of the trade reveals the first trade to have been a mistake. Where binaries are traded on an exchange, this is mitigated however. Spot forex traders might overlook time as a factor in their trading which is a very very big mistake.
Binaries by their nature force one to exit a position within a given time frame win or lose which instills a greater focus on discipline and risk management.
In forex trading this lack of discipline is the 1 cause for failure to most traders as they will simply hold losing positions for longer periods of time and cut winning positions in shorter periods of time. Below are some examples of how this works. This psychology of being able to focus on limits and the dual axis will aid you in becoming a better trader overall.
The very advantage of spot trading is its very same failure — the expansion of profits exponentially from 1 point in price. They will simply make you a better overall trader from the start.
To successfully trade you need to practice money management and emotional control. Introduction Video — How to Trade Binary Options These videos will introduce you to the concept of binary options and how trading works.
Here are some of the types available: Will a price finish higher or lower than the current price a the time of expiry. These can often be some way from the current strike price. Select the asset or market to trade — Assets lists are huge, and cover Commodities, Stocks, Cryptocurrency, Forex or Indices. The price of oil, or the Apple stock price, for example.
Select the expiry time — Options can expire anywhere between 30 seconds up to a year. Some broker label buttons differently. Choose a Broker Options fraud has been a significant problem in the past.
Here are some shortcuts to pages that can help you determine which broker is right for you: Low minimum deposit brokers — if you want to trade for real without having to deposit large sums of money.
Asset Lists The number and diversity of assets you can trade varies from broker to broker. Expiry Times The expiry time is the point at which a trade is closed and settled. Expiries are generally grouped into three categories: Long term — Any expiry beyond the end of the day would be considered long term. The longest expiry might be 12 months. Regulation While slow to react to binary options initially, regulators around the world are now starting to regulate the industry and make their presence felt.
The major regulators currently include: Strategies and Guides We have a lot of detailed guides and strategy articles for both general education and specialized trading techniques.
Beginners Guides If you are totally new to the trading scene then watch this great video by Professor Shiller of Yale University who introduces the main ideas of options: Best Time to Trade Lesson 2: Tools for Trading Lesson 3: Trading Breakouts using Pivot Points Lesson 4: How to Use the Fibonacci Tool Lesson 5: Risk Management Lesson 6: Variable Binary Options Lesson 7: How to Postpone Expiration Times Lesson 8: When Not to Trade Lesson 9: Going Mobile Lesson There are three types of trades.
Each of these has different variations.