In the market, there are various applications that allow knowing about the operations of financial assets , making it easier to identify which are the most quoted currency pairs for a particular moment.
In this way, on the Web we have the possibility of enjoying several options that provide you with detailed information about financial processes in real time, adding data from international markets.
In this sense, we can mention one of the most popular and used tools today, such as the binary options broker, which allows you to know data such as those mentioned above and many others.
Due to the popularity surrounding binary options brokers, we took it upon ourselves to investigate for your convenience which are the best binary options brokers you can use.
Important note about investing in Binary Options Broker
Before delving into the subject, we must mention the following; the issues surrounding these tools can often be difficult to understand. Therefore, several organizations such as the CNMV have stated that retailers should not invest due to the high risks and complexity of the process.
In the same way, the information that will be detailed below is only for explanation, each personality that wants to start with an investment in one of the brokers and binary options that we mention, we will not be responsible for said investments that you can make. Therefore, we recommend carrying out the process properly and with discipline.
What are binary options brokers?
In this line, this kind of trading tool or platform for binary operations allows us to find and operate large financial assets. Which, such assets within these platforms, are underlying assets and that, in order to obtain any profit or gain, it must be negotiated with the direction of the prices.
Currently, these types of applications are widely implemented by all types of investors, because they offer high profitability, despite the fact that their operation can be classified as a fairly simple process.
With this, the functionality of these binary options brokers involves choosing a trend, either down or up, with respect to the price of the asset, together with the determination of a CALL order where it is established to buy and a PUT that is for sales. In such a case, that we manage to win, we will have the possibility of collecting the benefits obtained.
Because brokers are versatile, you have the facility to do this process in different ways, either by implementing the classic, custom or advanced options. Depending on what you choose, this can establish a certain level of profitability.
What is the best account in a binary options broker?
If you are choosing a broker from Spain, we recommend demo accounts, due to the advantages it offers you, especially if you are in the first steps. In this way, a wise move would be to choose a Broker that has free accounts called Demo.
Also, most platforms provide users with a tool that allows you to know how to develop the most profitable strategies.
Regulated Broker?
If you are an initiate in this world of finance, it is best that you enter a platform that is properly regulated, such as Forex firms. The latter establish an accreditation associated with financial institutions, thereby establishing that this platform is duly supported by the corresponding administrative bodies.
In relation to Spain, this body is the National Securities Market Commission or in its acronym CNMV.
Tips before choosing a Broker
If you are from a Latin American country or you are from Spain, then we will mention some tips before you officially choose a Broker.
- Do not look at anything else on the platforms that suit your possibilities.
- Be aware of the profitability according to the percentage of return that they give you.
- Do not enter a Broker that does not have a 60% return, since the higher the percentage, the greater the amount of benefits.
- Carry out a preliminary study before investing.
- Be careful with the commissions that may be charged from the Broker, since most of these platforms are low-cost or free.
What are the best binary options broker?
Due to the variety of platforms, below, we will mention some regulated brokers in Spain.
- QUOTEX
- Ip option
- Binary.com
- Binomial
- Deriv
- Among others.
Each of these brokers have a free demo.
