Ask a friend, or a family member, about the stock market and the mathematics and science of it. Chances are, you would end up getting a frown or a confused and startled look from them.
True to the saying, we exhibit this natural reaction when there is something that we do not understand exactly. Sure we have seen enough stock market scenes in television shows and movies and on the pages of our morning newspapers, but we never really get to meet actual people who have actual knowledge of the industry that is the stock market.
But the way of the world is changing and more and more people are getting attracted by the stock market. In fact, more people have invested in the stock market than last year. There are many ways you can take home big money from investing but today we will give you a high overview of how binary options is good and recommended for beginners like you.
Binary options, simply meaning having “two parts”, you are tasked to guess or predict whether to call or put. In the world of binary options investment, there are only two possibilities. See, it is simple.
Since you only have two choices, to either call or put, this makes it all the more easy for you. “Put” is when you predict that the asset you are investing in will fall and “Call” is when you predict that the asset you are investing in will rise in the market.
Binary options trading is recommended because you can do this at home, even when you are still in your pajamas. Now that you understand the basic foundation of binary options, it is important that you have the best binary options broker out there. A simple search would probably give you tens of thousands of brokers, each of them luring you with something, like a welcome bonus. Be wary, though, as there are some brokers that are not licensed and regulated.
Today we will provide you with a list of binary options trading, especially brokers accepting Philippines, and some reasons why they are good and recommended for you. This way, you would no longer have to look someplace else.
Binary Options Brokers in the Philippines
With high payout at 89% and a promise of a whopping 100% bonus in your first deposit, 24option can take the number one spot on our list. This broker has been in the industry since 2010 with a steadily growing market and patrons. They are considered the best among the rest as you choose from a wide array of assets to trade with. Headquartered in the United Kingdom, 24option.com is the best you can go for. You can even trade straight on your smartphone, be it an Android or an iPhone, you can trade whenever and wherever there is internet.
People have only good things to say about 24option, especially about their mobile platform. This way, traders like you can keep track of your investments whenever necessary and you would not miss anything.
Anyoption is well-loved by traders because you deposit as low as $200 and get 20% bonus in your cashback. With a relatively high payout rate of 80%, there is no wonder why there are gaining more and more customers and traders each day.
Anyoption has begun operating in 2009 and is considered to be one of the pioneers in the industry. While this broker does not accept PayPal, Anyoption boasts of its unique decision-making capability through text and the possible 71% return in just an hour. To top it all off, their platform is fully regulated by the European Union.
While customer support still remains a concern for some people, at Anyoption, you would not worry about it. They offer live chat 24/7 to help you out with anything you might need, day in and day out.
Established in 2009, OptionFair has become popular for their simple and straight to the opint interface while having a wide selection of popular trade assets. They are located in the British Virgin Islands and are under the jurisdiction of Cyprus.
What made OptionFair the number three of the best binary options broker in the Philippines is because they offer risk-free for the first five transactions. The trade transactions are fast and you can start trading online without having to download additional program. You go to their website, sign up, and then start investing. They believe that eliminating unnecessary steps will result to more and happier traders.
With a minimum despoit of $250 and maximum return of 91%, OptionFair is something you should consider when choosing your binary options broker.
Being established in 2014, you would think that HighLow does not know what they are doing. Wrong. In fact, they made our fourth spot because they are doing everything right.
Under the jurisdiction of Australia, HighLow accepts deposits as low as $50. This is good for those people who are just “testing the waters.” The maximum return is at 85% and is enough reason for you to open up an account with them.
Their website features designs that made sense. No unnecessary buttons and the overall tone and color of the site would not hurt your eyes. You can register if you want, but did you know that you can get a free demo account even without registering? Their options are easy to understand and they offer a mobile platform for iPhone and Android users alike.
Binary options trading is really fun, whether you choose to indulge in it as a hobby or as a career. But behind every good trader out there is an even better and very reliable broker. We hope that this article gave you all the information that you need before you decide to choose your own broker.
Have you recently tried any of these trading platforms? How was the experience? What did you like about it? Do you think they could have done better? Tell us in the comments section! Let us help other people so they can decide better!