In order to invest in the binary options market, one of the first decisions that you have to take is opening an account with a binary options platform provider, also referred top 10 binary option traders as a binary options broker. This could be a challenging task, especially if you are new to the market.
This is because there are a number of brokers out there in the market. While some are genuine, some others are scammers. The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Regulation is probably the first aspect you should look for when choosing the best binary options broker to work with. Regulated binary options brokers are definitely more reliable than those that are not regulated.
Moreover, they would be capitalized as stipulated by the regulator. All these mean that your money will be safe with regulated brokers. 1: Best binary options brokers often provide responsive customer service. You should take a serious look at this criterion because you may have to contact a customer service representative of the broker for various purposes. Further, time is the essence of binary options trading.