What are Binary Options?
Binary options are a type of option that provides a fixed deadline for expiration with a fixedpayout. It is a yes-or-no bet. The bet is on whethera pre-determined price of an underlyingmarket will be at, above or below a target strike barrier, by a defined future time.
Why Licensing & Regulation Is Important For Traders?
Licensing and regulation are vital to the security of your funds. They are strictly enforced and designed to make sure that your interests are protected. TopOption is owned and operated by Safecap Investments Ltd., and licensed and regulated by the C yprus Securities and Exchange Commission (CySEC). This means that each trader account is covered with insurance of up to €20,000, strict safety protocols are adhered to, and client funds are held separately from those of the company, and are tracked daily. CySEC also receives regular reports that verify the company’s compliance with licensing laws and attest to our financial stability.
What is Proof Of Identity and Proof of Residence?
In order to prevent instances of fraud, safeguard the security of your funds, and comply withregulatory guidelines Binary Borkers require clients to submit Proof of Identification and Proof of Residence documentation.
Proof of Identity A clear up-to-date copy of a government issued picture IDthat includes, your full name, birth date, and an ID expiration date. E.g. a passport, national identity card, or driver’s license.
Proof of Residence A clear up-to-date copy of an official document that contains your full name, - date of issue and your address of residence (please note: this address should match the one you entered during registration). E.g. a bank/ credit card statement, or a utility bill for one of the following: water, electricity, phone or gas. Any Proof of Residence document older than 6 months will not be accepted. Once you are logged in to the website, you can upload yourdocuments from the ‘Upload Document’ page.
What is a Swift code?
A SWIFT code is the specific ID code unique to each bank, which is required when transferring funds between banks. Your bank can always tell you the SWIFT code it uses. For any SWIFT code comprising only eight digits, XXX must be inserted at the end.
How does Automated Robot Trading Helps?
Automated trading system enables traders to make profit without the need to have extensive knowledge about the trading process. In a high quality trading system, traders will be able to perform different trades using various techniques without having to watch or monitor the market constantly. This definitely makes it easier to manage various accounts because it can be quite difficult to manage them anually.
What are Binary Trading Signals?
The binary options trading signals can be termed as indicators that are revealed from the side of the experts. These signals are mostly advised by the analysts who have profound levels of experience in the field and an in depth knowledge about the working of these signals. It is always imperative to channelize the signals during the nighttime, so that you have enough time to adopta decision.
How Does Best Binary Options Brokers know the legitimacy of th e Broker?
We review the brokers on a regular basis to assure they live up to our high standards at all times. We recommend you only trade with brokers found on this site to avoid any unpleasant experiences and problems with cash-outs. There are a total of four categories named support, fairness, banking & safety. Each category is divided into three levels. If a broker fails to live up to any of our demands it will not be granted a seal. The brokers living up to one of our requirements get our bronze award, fulfilling two demands grants silver and only the absolute best brokers living up to all of our expectations get our gold seal.
Do You Have Any Expert To Review The Legitimacy Of the Brokers ?
Yes! We do have a team of unmatched experts as George, with more than 35 years of Forex trading experience and a profound knowledge on Binary Options Trading to help you go for the best legitimate broker.
Does Best Binary Options Brokers Open Trading Accounts For You On The Broker Sites On Behalf Of You?
No, we do not. We just provide a connecting link to have you access the reviewed Brokers sites to open an account. That’s All! We are no way responsible for the account opening and we do not insist our readers to open account with any specificBroker. We just provide you with a Fair Review and honest Opinion infused With Profound Market Experience.