Binary Options Broker - Why Do I Need an Intermediary?
The emergence of the private binary trading The market has been characterized by the emergence of companies that offer intermediary services in this matter. Many market participants ask themselves the quite natural question - why do we need such an intermediary and who is such a Binary Options Broker? This is the topic of our article. We will understand the necessity of using the services of a broker and provide some recommendations on how to choose a company for cooperation.
So, who is a broker, and what makes his presence in the market necessary?
A broker is a company (a legal entity), whose task is to provide on a legal basis the trader's access to the financial market. This process is carried out by a broker of binary options with the help of specialized programs, the so-called trading terminalsThe following are some of the most important information that can be found on the websites of companies, where the trader carries out independent trading operations on binary options trading.
Of course, a broker's services are not limited to the trading terminal. Usually on the platform of a broker of binary options you can find a fairly wide range of specialized information: training, analytics, a variety of auxiliary services.
But still, what caused such a need for mediation in the binary market? It's quite simple! For legal reasons and conditions of financial market regulators, a private trader simply cannot execute contracts on the exchange market himself. Only the legal entity, which has an appropriate business license and is accredited on the exchange trading floor, can execute trade positions on the financial market. For this reason, private trading is impossible without the mediation of a binary options broker. If you explain simply the trading processes occurring during the registration of a transaction with a binary option, it looks like this - the trader sends an order to execute a contract at a certain price of an asset to the broker, the company, in turn, puts your trade position on the market either on your behalf or on its own. As a result of the transaction, profits are credited to the brokerage account, after which the company transfers the funds to the trader's trading account minus a certain commission. All terms and conditions of trade and cooperation are stipulated in the partnership agreement, which is executed at opening a trading account with the broker.
What does the effectiveness of the symbiosis trader - broker depend on?
Undoubtedly, this indicator depends to a maximum extent on the quality of services and services of a binary options broker. And there are a lot of problems here, especially in the issue of security for clients' investments. As any other sphere of activity connected with big finance, the binary market is saturated with swindlers and crooks. That's why choosing a broker for trading on the binary market causes certain difficulties. As a recommendation, we offer you a list of traits that distinguish a reliable, safe and effective broker:
- The presence of a license from the body that regulates the financial market of your state.
- Professional trading platform with a wide range of trading analysis tools and stable performance when trading.
- Free high quality Training.
- Highly effective analytics.
- Minimum terms of access to trading.
- The fastest possible monetization of the client's profit and the absence of additional conditions when carrying out this operation.
- Reputation on the binary market.
If a trader has chosen a platform that fully meets such parameters, he can be sure that his investments are safe and he can stably and efficiently earn on the binary market.
As an example of an effective and safe broker of binary options we can offer a company Binomo (bonus 100% to deposit by promo code REVIEWEEK100 - Activate), whose trading platform provides the trader with such parameters of work:
- Proprietary trading terminal with a full list of tools for market analysis and trading, which has the highest efficiency in the market.
- High-quality, free, systematized training in trading.
- High-quality professional analytics.
- Minimum trading conditions - the amount of the initial investment of 10 dollars, the initial volume of trading positions from 1 dollar.
- Withdrawal time is 24 hours and there are no conditions or complicated verifications.
- A crystal-clear reputation in the market, confirmed by a mass of positive customer feedback.
Let's summarize. As much as we would like to exclude an intermediary in the implementation of binary trading, but it is simply impossible! A broker for binary options - is a system player on the financial market, which has all the necessary legal justifications for its work. In addition, as we have said, the high level of regulation of the financial market and the binary market in particular, does not allow the private trader to operate on the market. Thus, the broker is not just an intermediary, but a forced necessity. The main thing is that the company you are cooperating with should be effective and safe!