Binary fx trading

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Binary options vs. Forex trading: understanding the difference

Forex trading and binary trading are quite different and it is important to understand these differences in order to become

The article was written by connor harrison from binary brokers (BBZ). BBZ makes an effort to educate their traders so that they can understand recommendations regarding binary options, international legislation, risk management and other issues related to trading.

Binary options are option contracts with fixed risks and fixed rewards. In binary options trading, the trader must decide whether an underlying asset, such as a stock, a commodity, or a currency, will go up or down during a fixed period of time. Traders are shown up front the value of their earnings if their predictions are right.

Roulette

Binary trading works in much the same way as a roulette: if your prediction is wrong, you lose all the money you risked, but if your prediction is right, you receive your money back plus a return. A common set-up is for the trader to make 80% of what they bet on any trade that they get right. For instance, if a trader puts in $10 dollars betting on the value of the USD/EURO going up, and the guess is correct, he would receive $8 dollars plus his initial investment. If the value of the same currency drops, however, the trader loses 100% of the money that they put in.

To make money in binary options in the long run, you must win the majority of the bets. Since forex trading allows users to set their own profit targets vs. Stop loss orders, traders can still make a profit even if they do not win the majority of their trades.

There are of course some similarities between binary trading and forex trading. Both financial trading markets are tradable online, and they both allow users to start trading with small amounts of capital.

In both types of markets, users are speculating on which direction an asset moves in. In the case of guessing correctly, both trading options provide strong profit potential.

However, there are some differences between binary options and forex. In a binary market, traders only guess whether an asset, such as a foreign currency, will go up or down in value over a fixed period of time. In this sense, there is no variability in the risk or in the profit potential. The binary market is named after the binary system, in which the only two input options are 1 or 0. Similarly, in binary trading, the only two options are up and down.

Higher variability, more risk

Forex markets offer higher variability and more risk for traders. In forex markets, sometimes known as FX markets or currency markets, traders must decide not only in which direction as asset will go, but must also predict how high or low that asset goes. Thus, the ultimate risk and profit is unknown.

Timelines

Binary trades operate on specific timelines. The trader has no control over when a trade begins or ends once a trade has started. Before a binary options trade begins, users must select when the order expires. Each option has a start time and an end time.

At the expiry time, the trade automatically closes. Some brokers allow you to close early but you will exit your option at a percentage of the expected return. Not all brokers offer this option.

Similarly, some brokers allow traders to delay the expiry time to the next expiry time. This is called “rollover” and is only possible if traders increase their investment by a certain percentage.

In forex trading, users can take trades lasting from one second to many months, since they can open and close the trade whenever they feel like it. This flexibility has both advantages and disadvantages.

Margins

Forex also has a tool called margins. Each broker determines the maximum margin. Margins allow traders to increase their investment capital so that they can make a larger profit if the trade is a winning one. Margin is not a tool available for binary options.

There are five types of binary options you can trade. These are high/low, 60 seconds options, touch/no touch options, boundary options, and option builder. There are many different types of orders in forex. Buy/sell are the most important type. However, there are more advanced types such as limit, stop, OCTO (one cancels the other), trailing stop, and hedge orders, among others.

Forex trading and binary trading are quite different and it is important to understand these differences in order to become a successful trader.

Trading forex with binary options

Binary options are an alternative way to play the foreign currency (forex) market for traders. Although they are a relatively expensive way to trade forex compared with the leveraged spot forex trading offered by a growing number of brokers, the fact that the maximum potential loss is capped and known in advance is a major advantage of binary options.

Defining binary options

Binary options have two outcomes: they settle either at a pre-determined value (generally $100) or at $0. This settlement value depends on whether the price of the asset underlying the binary option is trading above or below the strike price by expiration.

Binary options can be used to speculate on the outcomes of various situations: will the S&P 500 rise above a certain level by tomorrow or next week? Will this week’s jobless claims be higher than the market expects? Or will the euro or yen decline against the U.S. Dollar today?

For example, say gold is trading at $1,195 per troy ounce currently and you are confident that it will be trading above $1,200 later that day. Assume you can buy a binary option on gold trading at or above $1,200 by that day’s close, and this option is trading at $57 (bid)/$60 (offer). You buy the option at $60. If gold closes at or above $1,200, as you had expected, your payout will be $100, which means that your gross gain (before commissions) is $40 or 66.7%. On the other hand, if gold closes below $1,200, you would lose your $60 investment, for a 100% loss.

Binary option buyers and sellers

For the buyer of a binary option, the cost is the price at which the option is trading. For the seller of a binary option, the cost is the difference between 100 and the option price and 100.

From the buyer’s perspective, the price of a binary option can be regarded as the probability that the trade will be successful. Therefore, the higher the binary option price, the greater the perceived probability of the asset price rising above the strike. From the seller’s perspective, the probability is 100 minus the option price.

All binary option contracts are fully collateralized, which means that both sides of a specific contract – the buyer and seller – have to put up capital for their side of the trade. So if a contract is trading at 35, the buyer pays $35, and the seller pays $65 ($100 - $35). This is the maximum risk of the buyer and seller and equals $100 in all cases.

Thus the risk-reward profile for the buyer and seller in this instance can be stated as follows:

Forex markets

Binary options in forex are available from exchanges such as nadex, which offers them on the most popular pairs such as USD-CAD, EUR-USD, and USD-JPY, as well as on a number of other widely-traded currency pairs. These options are offered with expirations ranging from intraday to daily and weekly. The tick size on spot forex binaries from nadex is 1, and the tick value is $1.

The intraday forex binary options offered by nadex expire hourly, while the daily ones expire at certain set times throughout the day. The weekly binary options expire at 3 P.M. On friday.

For forex contracts, nadex calculates the expiration value by taking the midpoint prices of the last 25 trades in the forex market, eliminates the highest five and lowest five prices, and then takes the arithmetic average of the remaining 15 prices.

Examples of binary options in forex

Let’s use the EUR-USD currency pair to demonstrate how binary options can be used to trade forex. We use a weekly option that will expire at 3 P.M. On friday, or four days from now (or monday). Assume the current exchange rate is EUR 1 = USD 1.2440.

Consider the following scenarios:

1. You believe the euro is unlikely to weaken by friday and should stay above 1.2425. The binary option EUR/USD>1.2425 is quoted at 49.00/55.00. You buy 10 contracts for a total of $550 (excluding commissions). At 3 P.M. On friday, the euro is trading at USD 1.2450. Your binary option settles at 100, giving you a payout of $1,000. Your gross gain (before taking commissions into account) is $450, or approximately 82%. However, if the euro had closed below 1.2425, you would lose your entire $550 investment, for a 100% loss.

2. You are bearish on the euro and believe it could decline by friday, say to USD 1.2375. The binary option EUR/USD>1.2375 is quoted at 60.00/66.00. Since you are bearish on the euro, you would sell this option. Your initial cost to sell each binary option contract is, therefore, $40 ($100 - $60). Assume you sell 10 contracts, and receive a total of $400. At 3 P.M. On friday, let’s say the euro is trading at 1.2400.

Since the euro closed above the strike price of $1.2375 by expiration, you would lose the full $400 or 100% of your investment. What if the euro had closed below 1.2375, as you had expected? In that case, the contract would settle at $100, and you would receive a total of $1,000 for your 10 contracts, for a gain of $600 or 150%.

Additional basic strategies

You do not have to wait until contract expiration to realize a gain on your binary option contract. For instance, let's say by thursday the euro is trading in the spot market at 1.2455, but you are concerned about the possibility of a decline in the currency if U.S. Economic data to be released on friday are very positive. In this case, your binary option contract (EUR/USD>1.2425), which was quoted at 49.00/55.00 at the time of your purchase, is now at 75/80. Therefore, you could sell the 10 option contracts you had purchased at $55 each, for $75, and book a total profit of $200 (or 36%).

You can also put on a combination trade for lower risk/lower reward. Let’s consider the USD/JPY binary option to illustrate. Assume your view is that volatility in the yen – trading at 118.50 to the dollar – could increase significantly, and it could trade above 119.75 or decline below 117.25 by friday. You, therefore, buy 10 binary option contracts (USD/JPY>119.75, trading at 29.50/35.50) and also sell 10 binary option contracts (USD/JPY>117.25, trading at 66.50/72.00). Therefore, you pay $35.50 to buy the USD/JPY>119.75 contracts, and $33.50 (i.E., $100 - $66.50) to sell the USD/JPY>117.25 contracts. Your total cost would be $690 ($355 + $335).

Three possible scenarios arise by option expiration at 3 P.M. On friday:

The yen is trading above 119.75. In this case, the USD/JPY>119.75 contract has a payout of $100, while the USD/JPY>117.25 contract expires worthless. Your total payout is $1,000, for a gain of $310 (or about 45%).

The yen is trading below 117.25.In this case, the USD/JPY>117.25 contract has a payout of $100, while the USD/JPY>119.75 contract expires worthless. Your total payout is $1,000, for a gain of $310 (or about 45%).

The yen is trading between 117.25 and 119.75: in this case, both contracts expire worthlessly and you lose the full $690 investment.

The bottom line

Binary options are a useful tool as part of a comprehensive forex trading strategy but have a couple of drawbacks in that the upside is limited even if the asset price spikes up, and a binary option is a derivative product with a finite lifespan (time to expiration).

However, binary options have a number of advantages that make them especially useful in the volatile world of forex. For starters, the risk is limited (even if the asset prices spikes up), the collateral required is quite low, and they can be used even in flat markets that are not volatile. These advantages make forex binary options worthy of consideration for the experienced currency trader.

Platform for binary trading in hong kong: comfort and reliability

Key points:

What's binary options?

How binary options work?

Where to trade binary options?

Binary options for beginners

Trade binary options without deposit

1. What’s binary options?

A binary option is a financial instrument with only two possible results, a win or loss. The objective here is to predict which of these two outcomes is most likely to occur. If the prediction is correct, it will return a profit relative to the investment made. If incorrect, this investment is lost. There is also a time frame set for binary options and when they expire the result is calculated. The trader picks this time frame before they begin the trade.

IQ option is a top binary options broker. We have many unique assets to trade on within this financial instrument. There are tutorials within the platform that help understand more about binary options.

2. How binary options work?

With a binary option, the trader must pick whether they think the price of a certain underlying asset will rise or fall. There is a time limit on each trade and when the time is up the result is given. If the trader picks the right direction of the price, they get a return on their investment. Otherwise they just lose their investment. Traders can use binary options whenever the underlying asset’s market is open.

IQ option has plenty of assets to use for binary trading. This allows users to trade whenever they want because there will almost always be some markets open. Binary options can be very quick so traders can fit them into any time of day.

3. Which binary options broker is best?

When choosing a binary broker it is important first to understand the needs you have in terms of trading. If you are not sure what asset to invest in and you want to try different ones first, IQ option has an election of diverse assets to use for binary options.

Besides, a minimum deposit is only $10. Each trade starts as low as $1. The platform is very easy to use as it has a very user-friendly interface, especially for novice traders. Moreover, our multilingual support team is ready to help 24/7. This can be great for getting advice and training on binary options absolutely for free.

4. Binary options for beginners

Binary options are a great choice for novice traders because they are easy to understand. Likewise traders can take advantage of the demo account, which allows endless amounts of free practice. There are free tutorials available through the IQ option website that help explain the finer details around binary options and its trading.

IQ option is ideal for new traders. The platform has an intuitive interface which is easy for you to understand and utilize. Customer support is available 24/7 and can assist new traders and even provide trading tips. There are also multiple languages on the platform to allow users from all over the world to experience a comfortable trading environment.

5. Trade binary options without deposit

If you do not want to invest money before understanding how the trading works, you are on the right track. There are ways of trading binary options without any investment at all. The binary options demo account let users learn to trade for free. There are no deposit requirements in options trading demo account at all, so traders can practice as much time as they want. This gets people straight into the action and is certainly one of the greatest ways to understand binary options and improve your trading skills.

The IQ option demo options trading is a great tool in developing strategy. There are also free tutorials provided through the platform. A 24/7 support team is available to give trading advice. New traders can go from zero experience to experienced traders in no time.

Binary options are understood as an interesting and promising financial instrument but on the other hand such instrument is rather controversial.

Somebody compares it to a roulette. Others frequently call options gambling. To understand the instrument, it should be analyzed deeply.

The history of binary options: a brief overview

In fact, binary options are considered as the most recent investing instrument that appeared in the USA in 2008.

Chicago board options exchange opened two binary options: for S&P500 and for VIX indexes. Since then, the new instrument has started to spread all over the world.

Referring to the european financial system the crucial decision was made in 2012.

At present time, different governments show different attitude towards binary options but the instrument is available for trading in the majority of countries including hong kong.

What do binary options mean?

Apart from other assets like shares, traditional or digital currencies binary options give you no property rights.

Those assets are contracts between a trader and a broker and each party takes certain duties.

A trader loses its investment in case of differences between a prediction made and a real market situation. The principle ‘all or nothing’ is realized. A broker is obliged to pay fixed amount of money when a prediction was right. Expiration time, asset and investment are the key contract clauses.

A deal between a trader and a broker can be illustrated by the following example. A user visited a particular broker platform and had picked up EUR/USD asset. When expiration time is from 1 to 5 minutes, a trader gets 95% profit. A user selected 3 minutes and had invested 10 USD. At that moment EUR/USD index was 1.08420. Analyzing news and trends a user predicted that in the upcoming minutes the index would increase and had made a deal. The index increased to 1.08421 and that had brought $9.5 net profit to a user.

Thus, no matter how much the index increases, the profit is fixed and depends on the result only. In the index was 1.08419 a trader would have lost his investment.

Looking for a broker: why a platform may influence your success?

Referring to binary options trading, a broker frequently plays the crucial role, either positive or negative.

The following aspects prove the importance of a reliable broker selection:

License. Unlicensed brokers have no responsibility before their users whose rights can be violated.

Technological background. The less innovative and convenient a platform is the less successful your trading is expected to be.

Financial background. Traders expect getting convenient process of depositing and withdrawing their funds. Any problems lead to time-wasting and nervousness.

IQ option binary options trading: liberty, equality and brotherhood

IQ option broker is considered among the most reliable ones being awarded for its customer-friendliness and progressive technologies.

The main advantages of the broker can be summarized in the following statements:

Platforms were developed implementing the recent technologies therefore operations are several times quicker than competitors have.

Diverse array of assets is suggested for trading (referring to binary options, there offered more than 50 assets including OTC options).

Complete customer support is provided (24/7 support, thematic chats, native language chats, etc.). All problems are expected to be solved in minutes.

Apps for PC and mobile phones are developed together with online version to offer traders trading variability.

The highest level of trader-friendliness is guaranteed. Working out a platform, developers had been taking into account traders’ opinions.

The trading process can be completely personalized using different analysis instruments and even color schemes. Settings will be saved for your next sessions.

Multiple ways of depositing and withdrawing funds are suggested for users.

Getting an account on IQ option is a totally simple task.

Visit a website, press ‘sign up’, insert all necessary information and confirm terms and conditions. The whole process takes some 5 minutes.

How to make a deal on binary options hong kong?

If you wish to invest funds in binary options IQ option platform offers the best conditions for users.

Just follow some simple steps:

Open a new asset by pressing ‘+’ in the upper left corner. You will be offered diverse array of assets for investing.

Click in the preferable currency pair or share to start trading. A chart with price changes will be displayed for selected asset. Price changes are shown online, directly from the market.

You are able to change a chart time from 30 days to 2 minutes in order to get necessary information for the current market situation analyzing and further predictions.

Pick up expiration time taking into account that fixed profits are the highest for a period from 1 to 5 minutes while a trader is suggested selecting expiration time up to 2 hours.

Insert the amount of your investment. Our platform offers making deals starting with $1. The maximal amount of your investment is limited by 20 000 USD.

Press ‘higher’ or ‘lower’ depending on your analysis. 30 seconds before the expiration time a trader is able to make deals. What’s more those deals can be to both results – i.E. Both ‘higher’ and ‘lower’. There exist no limitations for the number of deals.

When the expiration time comes and your prediction corresponds to the market situation, funds are charged to your account in several seconds.

Binary trading FAQ

Which instruments are used for analyzing price movement?

Binary options belong to the category of financial assets therefore their analysis is connected with special instruments applying. Those are divided into three categories. Economic calendar includes all news that concern chosen assets. Every news may affect the price significantly. Indicators like bollinger lines, stochastic, MACD are necessary to analyze the trends and understand further price movement.

Which binary options IQ strategy should I select?

There exist tens of different strategies for binary trading. Among the most widespread strategies the following ones can be pointed out: ishimoku cloud, profitable hedge, slaughter, ninja, puria, trend channel, etc. Strategies are worked out for particular expiration time. There exist turbo ones for 1-5 minutes or ordinary oriented on longer time.
In fact, every strategy should be tested on different assets and personal experience only may tell which strategies are the best ones.

How should I test those strategies?

Our platform offers perfect conditions for strategies testing. Every user obtains a demo account after registration. The main advantage of a demo account lies in getting virtual money. An account contains $10 000. When those funds are spent, an account can be refilled again. Refilling is unlimited. No real money is necessary for an account refilling.
Thus, traders are free to pick up different assets and test different strategies in order to find the most effective ones.

Should I select shares or currency pairs for trading?

In fact, those assets cannot be compared because they imply different trading principles, different strategies and different profits as well. Shares are understood as more professional instrument. Their price mostly depends on fundamental factors including news therefore traders are recommended selecting maximal expiration time periods. Referring to currencies, the influential factors are more numerous and the situation changes every second.

Which currency pairs are the most suitable for beginners?

Our platform offers more than 40 different currency pairs for trading but users cannot pick up all assets because each type demands profound analysis therefore professionals recommend selecting one or two assets and use them for trading. The more you understand the situation, the more profits you obtain. Picking up currency pairs pay attention to the following criteria:
· volatility. There exist pairs with minimal volatility (EUR/GBP, NZD/USD, etc.), medium volatility (EUR/USD, CAD/JPY, etc.) and high volatility (EUR/NZD, GBP/AUD, etc.). Traders are recommended to trade pairs with medium volatility.
· popularity. The more popular assets are among traders the more complicated their prices movements are predicted. For instance, GBP/USD and EUR/JPY are not recommended for newcomers.
· motive force. Different currency pairs depend on some assets or other factors and such peculiarity must be taken into account by traders. For instance, pairs with GBP are highly dependent on the news from the UK. USD/CAD pair depends on oil prices. AUD/USD and NZD/USD depend on precious metals’ prices and on weather as well.
Thus, traders are expected to take all those factors into account and then pick up a currency pair understood as the most preferable one.

Can I open deals for different assets?

Using ‘open new asset’ traders are able to make unlimited number of deals for any assets they wish. The total portfolio contains information about all you deals. Such option is recommended being used for correlated currency pairs. For instance, EUR/USD and USD/CHF move almost identically. The same concerns AUD/USD and NZD/USD pairs.

How can I improve my trading skills?

Binary options are understood as an instrument that demands the highest level of professionalism. Our platform offers extended functionality for those who downloaded apps for their pcs, laptops or smartphones. Video tutorials are suggested for free. Moreover, you may participate in IQ option tournaments that welcome traders from all over the world and imply attractive prize pools. Some tournaments are offered for free while others demand fee that is just several dollars.

Are there any information for binary option assets?

Our platform offers some information for users including the recent news concerning a trading pair, technical analysis, predictions, etc. Based on those data analyzing the price movements becomes much simpler. Using apps, traders may follow to 9 charts simultaneously where different periods of time can be selected.

Is binary trading available on weekends?

Most assets are closed on weekends because financial organizations work from monday till friday all over the world but some assets are still available for trading. Those are over-the-counter pairs suggested by a broker. Price movement is controlled by a broker as well therefore assets are understood as the most risky. On the other hand, profits are maximal for OTC pairs. When other markets are closed, the opening time is indicated. For instance, AUD/JPY asset opens in 2 days 4 hours.

Are binary options legal in hong kong?

Hong kong is rather loyal country to all innovations and investment instruments as well. Citizens are free to invest in binary options but a platform should be obligatory licensed. Speaking about the trading norms, users are just obliged to pay taxes from their profits.

Should I pay taxes from trading profits in hong kong?

Definitely yes! Profits obtained from binary trading are classified as general profits therefore a trader is obliged to pay income taxes. The rates differ from one to another canton. For instance, in zug taxes are just 23% while in neuchatel 37% are charged from traders. Zug is the most favorable place for different investing activities and the canton is even called the crypto valley.

Can I earn for living trading binary options?

The main paradox lies in the fact that traders should not think about money. Thinking about money is connected with emotions while emotions are understood as the main enemy of a trader. The circle is closed. Thinking about results, skills and professionalism is a road toward success.

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While other brokers may hesitate before authorizing your position, our options has no dealer desk. This measure ensures a faster, smoother execution when trading any underlying asset.

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Our ‘bid’ and ‘ask’ prices reflect those of all major banks worldwide. This policy ensures that all clients who trade with our options can buy and sell with a minimal margin between the buy and sell prices.

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Follow the real time ‘buy’ and ‘sell’ price of every asset and execute trades in one click. At our options we guarantee instant execution at the best available price.

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Our options understands that each client has their own unique financial needs. Therefore, our dedicated staff provides customized leverage for both low and high risk trades.

Cutting edge financial tools

Get an edge in the forex market utilizing our state of the art trading tools. These include bollinger bands, moving averages, MACD, parabolic SAR, money flow and many more.

Tips for successful trading

How it works

Here are four easy steps to trading binary options, forex and bitcoin successfully

Choose the asset you want to trade & select an expiry time

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What is binary option trading

Binary option also referred to as digital options, binary options became available as a method of investing in the financial markets in 2008.

It is a simple way that anyone can make money off different financial markets. The mechanics of binary options trading are accessible to both novice and expert forex traders. Today, binary options have become very popular, with many people transitioning across from forex in a bid to derive profits from this unique and highly profitable trading vehicle.

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Competitive advantage

Competitive advantages are conditions that allow a company or country to produce a good or service at equal value but at a lower price or in a more desirable fashion

Currency infrastructure

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How it works

Bitcoin mining is a peer-to-peer computer process used to secure and verify bitcoin transactions payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to bitcoinвђ™s global public ledger of past transactions.

Where we cover

ROADMAP

The timeline

With help from our teams, contributors and investors these are the milestones we are looking forward to achieve.

March 2018

Start of the elite fx exchange crypto platform development.

April 2018

Start of the preparation for the elite fx exchange token sale

October 2018

Elite fx exchange platform launched with full solutions

January 2019

Partnership for the future ecosystem

June 2019

Elite fx exchange wallet full version release

December 2019

The firest product ready to goes live to all business

March 2018

Start of the elite fx exchange crypto platform development.

April 2018

Start of the preparation for the elite fx exchange token sale

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Binary options trading in china

China is a massive country in terms of economy and population. The country has one of the worlds leading economies, along with the 3 rd largest stock exchange market in the world. There is no question that china is a viable option for the trading of financial markets. With these impressive facets, you would think the trading of binary options would be flourishing and well established in china. However, this is not the case, the country is still in the early stages of discovering and utilizing this amazing online investment method. Let’s find out more inside.

As said before, china’s binary options market is relatively small and undeveloped. Especially considering the massive development of other financial markets in china. Binary options trading is still relatively new, and has yet to be established as a viable investment method in the eyes of chinese regulators. Although, with increased popularity, this is likely to change in the future.

That being said, brokers offering binary options trading in china are limited and relatively underdeveloped. However, for new brokers trying to break into the binary options market, they will not be faced with any legal issues to do so. It is perfectly legal, yet unregulated by any judicial power. The binary options market is gaining popularity with an immense increase of traders in the past couple years.

Recommended binary brokers in china

Currency pairs & spread

China has a very healthy choice of currency pairs to be traded as binary options. This is due to the lack of regulation, allowing brokers to set their own rules on what currencies can be traded. That being said, china’s most traded currency pairs are the same as other countries who allow binary options trading. These common currency pairs, which are called ‘majors’ are; EURUSD, GBPUSD, USDCHF, AUDUSD, USDJPY, and USDCAD. These major currency pairs have a very narrow spread due to the high trade volume and popularity. Some of the less popular, but still frequently traded pairs are; CNY, EUR, JPY, GBP, and CHF among others. These currency pairs are referred to as ‘crosses’ and generally have wider spreads due to their infrequent trading amount. In addition to these currency pairs, china traders also participate in the trading of ‘exotic’ currency pairs which include; MXN, TRY, THB, SGD, as well as various digital currencies. Their spreads are the largest of three types.

Trading platforms

With the rapidly growing binary options market in china there should be plenty of quality platforms to choose from. However, there are not. The only platform offering the chinese language in its interface is ‘anyoption’, which is the biggest binary options broker in the world. This platform is the only one offering information accessible for chinese clients. There are however other reputable platforms available in china, they just don’t cater to chinese clients by providing platforms in chinese.

Bonuses

Again, due to the lack of regulation of binary options trading in china, there are really no restrictions on international brokerages to be used. Hence, the option for plenty of bonuses from various brokers. Most brokerages offer the following bonuses.

Welcome bonus – this is the most common type of bonus, usually receiving an amount of money just for joining a brokerage and making an initial deposit.

No deposit bonus – another bonus, like the welcome bonus, rewards you with money just for signing up and doesn’t even require a deposit.

Mobile bonuses – this is a bonus for downloading a brokerages mobile application and using it.

Refer a friend bonus – receive money for getting a friend to sign up, they may be required to make an initial deposit

Deposit and withdrawal options

When it comes to deposits and withdrawals for chinese traders, they may not have as many options as other traders from around the world. Due to the restrictive banking system in china, they have only one choice in credit cards to use. China union pay is the most popular and only form of credit card deposit/withdrawal for chinese traders. In addition to this traders in china can deposit and withdrawal money using various e-wallets or bank wire transfers.

Legality & regulations

Binary options trading is legal for both chinese investors and brokerages looking to delve into this lucrative investment opportunity in the massive and powerful country of china. Currently there are no regulations regarding binary options and the investment practice is quite new in china and is expected to grow substantially. Regulation in china is known to be quite strict and old fashioned, but has mellowed down in recent years with the modernization and flexibility of changes in the financial environment. This has allowed foreign banks to slowly leave their mark and operate in all the major cities in china. All this has lead to the increase of binary options trading.

The regulatory authority of financial markets in china is known as the CRSC or china securities regulatory commission. This authority does not protect investors from fraud or impose any regulations pertaining to binary options, but it does issue warning lists of fraudulent brokers in binary options. The CRSC provides advisory information pertaining to binary options, but has not gone further in terms of regulations. It seems that once the need for regulations by the CRSC happens, it will have little impact on limits to be imposed.

Yes, it is legal for both chinese investors and brokerages.

Are binary options regulated in china?

No, there are no regulations pertaining to binary options largely due to it being relatively new in china. With increased popularity, there will likely be regulation provided by the CRSC, but is probable that this will not affect the practice in a negative way.

How can I trade binary options in china?

You need to open an account with either a chinese or offshore brokerage. In recent years, many foreign banks are now operating in china which provides an easy process for binary options trading with foreign brokerages.

Best brokers in china

Anyoption proves to be the best binary options broker for chinese investors. It is the only brokerage offering their trading platform and information in chinese.

Conclusion

This article has attempted to shine light on binary options trading in china. We have established that china is a massive economic power with lots of potential in binary options trading. With the lack of regulation on both brokers and investors in china, we should see an increase in the binary options market here. If you are a chinese citizen and wish to open an account to trade binary options, there should be nothing holding you back.

Welcome to binary trading

For many, binary options is more than just an exciting fad hitting the web, it’s a way to make an income or a second income. Done right, binary options trading can be very rewarding. Most binary brokers pitch their offering at absolute beginners, and while it is essentially very simple to grasp for anyone, here’s the kicker, the more you learn, the better your outcome will be. Binary options have opened up the gateway to trading so that literally anyone can get involved. With the right broker to partner up and with a growing knowledge base perhaps you can take a trading advantage over the markets.

This website is your objective guide on how, what, when, and who to trade with. You’ll find educational articles, videos and objective broker reviews. We wish you a successful trading journey!

Recommended binary brokers

What are binary options?

Have you come across binary options on the internet yet? It’s likely that you have at some point. The reason that binary options are such a popular online trading type is that they are extremely simple to understand. A person with no prior knowledge can literally sign up for a new broker account and begin trading within a matter of a few minutes.

Here’s how it works. In short, a binary trade is where you have to decide if the price of an asset like google stock or gold will go up or down by the expiry time. Expiry times can range from just 30seconds right up to a year. If you think the price of the asset will go up by the expiry you will simply press UP or PUT on your trading platform, if you think the price will go down though, you’ll press DOWN or CALL. Simple so far? In honesty, it doesn’t get much more complicated than that.

There are alternative options contracts though like:

One touch/ no touch

Where you select if the asset price will touch a certain strike price by expiry or not.

Range trading

Where you need to predict if the asset price will stay within a certain range by the expiry or whether it will move outside of that range.

Speedy/turbo trading

Exactly the same as the classic binary trading type, except with contracts that close after just 30 seconds or 60 seconds.

Long-term options

Again works the same as the classic options, just with an extended time period. The contract can end after a month, or six months.

Some brokers platforms give you the chance to extend the option further if it doesn’t look like its going your way, or even to close it early, if it looks like your doing well. These come for a small premium.

Why binary options over other trading types?

A lot of people favor binaries because of their simplicity, even beginners can grasp how to trade almost immediately.

Unlike with forex trading, you can’t get into a negative account balance. You can only trade with capital that is sitting inside your account.

Unlike other trading types, you know the risk and reward you face even before you make a trade. Every option contract specifies the payout you stand to receive, eg, 80% payout means if you trade correctly, you will get back your original investment plus an extra 80% profit on top.

With some brokers, you’ll see up to a 90% yield. Which other areas of the financial markets can you see such a high return on your investment?

Binary options are also more affordable than say, stock trading. With stock trading, you will actually need to purchase the stock. With apple stock currently at around $145 you might not be able to afford too many! With binary options you never actually own the stock, instead, you are speculating on the price movement.

Pros and cons of trading binary options

Simple to learn, quick to grasp and fun to trade

Risk and reward known upfront

Not expensive to trade as you aren’t buying the underlying assets

High reward payouts – sometimes up to 90% per trade

Often bonuses and promotions offered on your deposits

No worrying about when to close the options, they close automatically!

Trading tools and education provided by brokers to help you master it.

High rewards also mean high risks

Some scam brokers permeating the industry – learn more below

Odds are always in the brokers favour

Binary options regulations

As you’ll come to learn as a regular visitor at binartytrader.Org, working with a regulated broker is one of the most important decisions you’ll ever have to make as a trader. A regulated broker must comply with the local regulatory authority to provide a service that is fair, transparent and one which protects your interests in every eventuality. Many regulatory licenses come with a level of trader compensation, which protects your deposits up to a certain level, should the broker become insolvent or expose himself to more risk than he can handle.

“different jurisdictions are monitored and authorized by different regulatory bodies. If for instance you are a U.S. Based trader you will be required to trade only with a U.S. Licensed operator. As a trader that works with a european licensed broker you will have the option to trade with brokers from any other member state, where EU licensed brokers may passport their services.”

The main regulators you’ll come across again and again are the FCA in the UK, ASIC in australia and cysec in cyprus.

While it is recommended to trade with a regulated broker, that’s not to say that non-regulated brokers are all scams. Not at all, but it does mean that your best interests are not protected and you will find it very hard to lodge a complaint. Additionally there will be no one to turn to should the broker not be forthcoming in processing your withdrawals.

If you are trying to decide between a regulated and non-regulated broker, we would always say go regulated. If however you like the facilities and service of a non-regulated broker you can start by depositing a low amount to test out their product and service first.

Binary options scams

With trading platforms becoming more easily available over the internet, it has now become harder than ever to tell a legitimate brokerage from a scammer.

What is a scam and how can I identify it?

The most important thing to thing to do before putting your money into binary options is to know the most attributes that tell it apart from a scam. Here’s our top tips for spotting a scammer.

A scam or the ‘facilitator’ of the scam will not provide proof of regulation by any authority in the country where it operates. Trading binary options is illegal in quite a number of countries therefore it is important to first find out the policies around the country you wish to trade from.

The scammer will promise unrealistic returns and will in most cases assure you that you will make these returns within a ridiculously short amount of time; and of course with very little effort on the ‘investors’ part.

Scammers will often ask for upfront payment of unnecessary fees and sometimes even go as far as asking for private financial information. So it is also important to know where to draw the line between a broker requesting for KYC (know you customer) information and phishing which could ultimately result in identity theft.

What can you do to avoid scams?

As an investor, it is important to do a great deal of due diligence to avoid blindly exposing yourself to unnecessary risk. Everyone seems to be looking for a quick fix solution out of the rat race and this makes for a more gullible audience ready to sell a kidney for a taste of financial freedom. A lot of seasoned investors encourage that you look at every investment opportunity with a hint of cynicism so that nothing sneaks under your nose without scrutiny. Desperation coupled with too much optimism and high expectations makes one subjective and you can be sure that scammers can smell these qualities from a mile away!

Also keep in mind that trading binary options is anything but easy. It requires the investor to collect a huge amount of information before deciding where to put their money in the hopes that the market will head in a certain direction. If you are doubtful of the broker’s credentials, do not hesitate to request for proof of a license from the regulator in that particular country.

How can I identify a good broker?

With more websites collecting personal information through subscriptions, internet users are now leaving their digital footprints all over the web therefore making it easy for brokers to use cold calling/emailing to acquire new clients. A good broker can easily be identified from the initial steps of engagement.

“accredited brokers will take the time to explain the concept of trading binary options to the client without promising to over-deliver or downplay the risk involved. In an attempt to win over clients, most brokers will often use past data to indicate their success. This data may be stolen therefore misrepresenting the history of that company. A good number of these risks can be mitigated by requesting for authentic proof. “

A lot of brokers will also use a trading bonus as bait and attach it to an unrealistic goal such that it would be virtually impossible for a novice or even an intermediate trader to achieve the goal. Stay clear of brokers who insist on forcing you to accept trading robots until you can fully conceptualize how the various markets work and the whole binary trading process, including factors that affect the markets. You can also perform a background check on different brokerages by visiting online forums. Often you will find that some brokers are consistently blacklisted across numerous websites. With this information, it is easy to stay away from scams and protect your hard-earned investment.

Some quick tips on finding a good broker

Regulation, regulation, regulation – can’t be said enough!

Good trading conditions, low initial deposit, low per trade minimum, high payout of around 90%

Someone available to talk to throughout trading hour

If the broker tries to push you into depositing more money, steer clear

A company that lets you withdraw funds whenever you want

Proprietary trading platform built especially for that broker – a very good sign

Binary options making the news

Binary options are becoming celebrities in their own right, and often not for the right reason. You’ll hear stories of scam brokers that simply refuse to give traders their money back. You’ll hear other stories about people losing their entire life savings. That’s simple to remedy, never trade more than you can afford in the first place and fully expect to lose your capital. That way if and when you start seeing profits it will come as a nice surprise and not the other way round. Trading in the financial markets always comes with a level of risk. But like all things, with enough practice and work you can master the art.

“so how do people view binary trading? That really depends on who you’re talking to. Some call it gambling and others say its skilled trading. It can be both. When you simply guess on UP or DOWN, this is a pure gamble. When you start incorporating trading strategies, like analyzing price charts, implementing trend lines and trading news events, suddenly you’ll come to understand where the skill is involved.”

You’ll find many review and scam websites talking about different brokers. In fact most brokers, whether good or bad will have a scam review somewhere on the internet. Don’t believe everything you read as some scam review websites are scams themselves, set out to destroy brokers who wont pay them money in advertising! Additionally bad reviews and good reviews can be created to suit the publisher’s interest. When you see a broker with awards its worth considering that actually the awards are often bought in exchange for advertising. It’s hard to find a good broker based on what you find on the internet. That’s why you can consider a site like binarytrading.Org your friend in the wild west of the internet.

In order to decide for yourself, you will be required to conduct due diligence to the variety of brokers available. This can be time consuming though which is why we have conducted all the research for you as you will discover in our recommended broker table above. If you also want to do some research yourself, here are the factors you should look out for:

Regulation

Trading conditions

Account types

Customer support

Platform usability

In order to “try before you buy” there are currently a handful of brokers offering demo accounts. Well worth trying a demo to both test out the broker and also to test out your own trading strategies.