Investing in Binary Options has been in great demand from Brazilian traders. You may be curious wondering about this type of trading, what it is for, and how it works right? We need to understand what they are so that we can continue what we are talking about in this post about the best Binary Options Brokers for traders in Brazil, that is, the ideal brokers to reinforce equity, rates and deposits among other advantages.
What’s new in 2020? GREAT UPDATE!
Among the many financial services that appear every year promising to revolutionize the market, only a few stand out for offering real quality tools. Aspiring investors, those just beginning their journey in the financial market are the first to get confused and unsure which platform to choose to make a deposit and start making applications. It is a very common thing. After all, in the eyes of a layman, every offer looks incredible. However, there are some criteria that you should adopt to avoid falling for scams or opening accounts with untrustworthy companies that do not pay their clients’ earnings. In this update you will learn about the top quality indicators for financial services over the last few months and how to make more assertive choices in 2020.
What are Binary Options?
Binary Options are characterized as digital options, a popular investment option where growth or decrease in value takes a short time such as: 15, 30, 60 seconds, and it can also be up to 30 minutes to know if you have been rewarded, In an attempt to deposit money with confidence, thousands of traders are looking for information that is relevant to existing traders in the market, as several negative comments about traders about Binary Options brokers and the analysis of each one becomes paramount.
Many brokers offer great advantages for trading, but after closed trading, they receive the money and do not pay and so the frauds are revealed after the event. The trader needs to be smart starting by choosing the broker who is free from fraud so that he can easily withdraw the gains made while trading the Binary Options.
But how do you know if a particular broker is trustworthy since there is a range of companies competing with each other?
There are some criteria that must be tested under brokers before trading in Binary Options, including: reputation, regulation, trading conditions, trading platform, availability of additional resources, bonuses and promotions, deposit and withdrawal methods. , Customer services.
Reputation is one of the most important criteria because it is responsible for customer demand for a particular broker compared to its competitors. She is the image of the company, and age helps bolster her reputation, meaning the older the company, the greater the sign that it is a committed company. Of course there are exceptions and fraud can one day manifest even in brokers over 10 years old.
The regulation gives confidence to the negotiator because disciplinary measures are imposed in the kind of fine, and even if bankruptcy occurs the company pays the negotiation.
On trading conditions , there Spread, leverage and lack of recotações. These conditions offer a TOP: best Forex brokers that you can compete with and smaller brokers.
Trading platform , there are currently many modern trading platforms that are getting faster and much better, but who is starting out in this world of Binary Options trading will have the vision that Meta Trader 4 is the ideal platform. However, this is a criterion that will accompany the recent changes in the market and so the best brokers will stand out and we can see this when analyzing in 2017 that there are now landlines to better serve and mobile applications.
With the availability of additional resources , platforms seek ease for their clients by initially offering a demo account in which the new trader will be able to familiarize himself by executing trades and developing strategies and thereby increasing the position of the Forex broker rating.
Bonuses and promotions have become a big draw for those just starting out as a kind of incentive. For those already familiar with operations, the presence of the bonus is not a major factor. It is important to understand the action of the bonus and how it works reliably. Some platforms offer a profit of 20 or 30% of the deposit amount.
For depositing and withdrawing funds , the company with the largest variety of methods will be in charge, and when it comes to Brazil, there are some currencies that are not frequent. This way virtual currencies and some virtual systems like PayPal, WebMoney, Yandex and others are some of the existing options. However, there are also credit cards, bank slip which is the simplest and most common way to conduct negotiations alongside the bank transfer and for withdrawal are usually done with the same options.
Customer service is of great importance for the customer to rely on brokering as a response from someone from the contacted company is required. However, there are chats, emails, and even landline where the customer can even remove their questions. This support service ensures the good reputation of the platform.
Bonus offers for everyone
As with the expansion of service channels over time, the vast majority now offer bonuses to new users. Some higher than others, but it has become almost a rule. However, those seeking constant innovation are always implementing new bonuses; Now also for old customers. With deposits in varying amounts it is possible to receive in the account often up to 100% of the amount. The percentage may vary from one company to another, but the fact is that this is a good indication of differentiation.
Live Chat Support
A few years ago, companies providing telephone line 0800 service were seen as exceptional. Later, many other services were being implemented by the pioneer platforms of the market and soon all others adapted, implementing what was new and becoming commonplace. This is a positive process because it raises the quality level of websites and services operating in the financial market, but it camouflages less trustworthy companies at the same time. Currently, one of the quality differentials of the time is the Chat in real time. With this tool customers can be served in minutes without bureaucracy or complication. Probably by the end of 2020 this will be a possible marker for companies that value efficient customer service.
Local Payment Methods
Another excellent trend adopted by companies that are more reliable in the market is the offer of local payment systems. Something that makes depositing or withdrawing money much more practical for investors. In the case of Brazil, in addition to bank transfers and credit card payments, the most popular way to do this is through bank slips. Many services have taken this advantage over the past year, but few have maintained the competitive advantage. This may be due to the fact that internal operating costs for ticketing may be more expensive in some systems. So also give preference to companies that offer slips, as they tend to be more reliable and committed to customer satisfaction.
Conclusion
It may seem silly to look for free education and videos, but by offering these tools, IQ Option and Olymp Trade are attracting new traders to give them security by making them risk-free in every action. However, ensuring great results when trading Binary Options depends not only on being a lucky or expert in the trading market, but above all it is common sense and choice of those indicated because you already have experience.
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