A binary option is a type of option in which the payoff can take only two possible outcomes, either some fixed monetary amount, or nothing at all (in contrast to FOREX trading).
There are 3 types of binary options :
Call / Put Options (or High / Low binary options) → It is the simplest and popular type of binary options. With this type of options you have to choose whether the underlying asset (the asset on which the binary option is based) is going to increase (Call / High) or decrease (Put / Low).
Touch options – One Touch / No touch → One Touch options needs you to focus on a ‘strike price’ and you get paid only if the underlying assest REACHES (One Touch) or NOT REACHES (No Touch) this price within the option contract period even if the price is under the ‘strike price’ at the end of this period.
No Touch trades require that the assest does NOT reach the strike price during the chosen period.
Range Options – IN / OUT → Range options allows traders to bet on the probability that the assest’s price will ends up inside (IN) or outside (OUT) the predetermined range.
Read more about what is a binary options Here.
Ok so now you may want to choose a safe platform to start trading. Here are the most important issues to consider when choosing a binary options broker.
The Best Binary Options Brokers’ Regulation Authorities
Every brokers listed on this website are at least regulated by the Cyprus Securities and Exchange Commission (CySec).
Indeed, a lot of binary options brokers operating in Europe are located in Cyprus. That’s why you should ALWAYS trade on a broker at least regulated by the CySec and never trust blacklisted brokers.
However, there are other regulation authorities depending of the country of location such as :
the Australian Securities and Investments Commission (ASIC) – regulation of the brokers operating in Australia.
the Financial Conduct Authority (FCA) – regulation of the brokers operating in UK.
or the Autorité des Marchés Financiers (AMF) – regulation of the brokers operating in France.
Read our guide : How to choose a Safe broker ?
The Support service
On 10BestBinaryOptions.net we only suggest you regulated brokers which deliver exceptional personal service and support. They are all reachable by phone 24/7 and most of them will provide you a personal manager to take care of you if necessary.
Don’t hesitate to leave a reply below if you need any advice.