5 Tips on why choose binary options over forex

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Best Binary Options Signals Review: Is it Scam?

Best Binary Options Signals Review: Is it Scam?

0 Comments

Last Updated: Sep 1, 2020 @ 11:44 am

Well, when folks bump into this binary options service hosted on this domain, Best-binary-options-signals.com, the first question which they ask is whether it’s a legitimate signal provider or not.

We will answer that question in this review as we analyze the various aspects of this service. But first, it’s important to know that this signal provider is offering free signals and at the same time offering a premium plan which is to be paid for at the end of every 30 days.

Their free signal service is basically meant to lure in traders to subscribe to their paid signal service which the website says has more value than the free service.

So, is Best Binary Options Signals worth signing up for? Can you increase your efficiency in trading Binary options by simply following and implementing their signals.?

Best Binary Options Signals Review

Now that it is quite obvious that Best Binary Options Signals is a signal provider, we should go into details right away to let you know how it is like to use their signal service.

Let’s start with the free signal service. It’s meant for people who want to try out their service for free. But you generally have to wait longer in order for signals to show up. Besides, the website claims that free signals are not as accurate as paid ones.

�� Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2020! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020 . If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.

So, is there a possibility that the free signals are randomly generated while paid ones are carefully selected by expert market analysts? We are being tempted to think that Best Binary Options Signals is basically displaying random signals on their site, and it works in mysterious ways. Here’s how it often goes:

A traders comes to the website and tries to follow at least 5 signals. If the signals win most trades by chance, this trader will be prompted to sign up for the premium signals plan which costs £55 per month.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

When they sign up for the premium signals service, they will be getting into a contract that is renewed on a monthly basis. If the trader forgets or fails to cancel their membership (in the event that they want to opt out), a month’s fee will be charged for that particular month anyway.

Generally, the free plan is a time waster because it keeps you waiting for a long time before new signals can show up. We believe that this can be a hectic way of trading Binary Options especially if you’re used to automated trading robots that save you from unnecessary screen time.

What is the average win rate and is it consistent?

The website is very open with their average win rate. They say that their win rate is 63.04%. In November 9th 2020 for instance, they said that they sent out 138 forecasts and that out of these, 81 signals made money while the rest, 51 lost money.

This win rate is not the best you can have in the industry right now. With cutting edge trading robots on sale today, there is no way you should find this service desirable because that win rate is just above the break even mark.

If it was consistent, it would take you a long time to make a significant amount of money. In addition to this, you cannot put what you cannot afford to lose at stake. If you did this, you’d be raising your risk profile for huge, quick profits. That would backfire on your account because we are talking of signals that hit the green, 63% of the time.

Generally, we would not advice readers to sign up with Best Binary Options Signals because of the low win rate.

How many signals can you receive per day?

Their free signals service is a little bit restrictive. There are only 5 trade-able assets to work with. But on the other hand, their paid service issues signals across a broad spectrum of assets. This can be up to 15 different trading assets.

This should not be a problem for you if you’re not into fast paced trading which often leads to over-trading and ultimately account blow.

But if you’re the kind of person who is always looking to jump into the next trade, you might find the free plan quite restrictive because one has to wait for a count down timer for a signal to come along. To remove this count down timer, Best Binary Options Signals is asking traders to upgrade to their premium plan which will then unlock over 100 plus signals per day.

What we think about Best Binary Options Signals website in general

When you go through this website, the first thing you will see are signals waiting to show up or signals that have already been traded.

In other words, this website also shows us history of their signals. However, there is no performance record to show how their past signals performed.

We are not sure if Best Binary Options Signals is trading these signals or just sending them to users after analyzing the market. We do believe that professional market analysts are traders themselves. This means that before they can even think of sending the signals, they should be thinking of entering a trade based on a specific entry point which have figured out on the chart.

One might think that we are asking too much when we say that Best Binary Options Signals does not have trade history.

We are not. If these people are real expert traders, they should keep a clean record of whatever they have been doing for the past one month or so.

Nevertheless, we can also see that this question is being camouflaged by the fact that they are offering free signals for your testing. That means you should test their free service on a demo account and if you’re pleased, you can upgrade. The question is, what is so difficult about providing daily trade records that can be verified? Isn’t this the ultimate test of transparency that every signal provider should embrace in order to convince traders that their signals work?

Before we forget, Best Binary Options Signals is also offering a trial plan for £15. This expires after 2 days and is non-refundable in case you fail to take advantage of the signals.

Best Binary Options Signals states in their fine print that if you subscribe on a weekend for the trial plan, this will not be counted, and yet money shall be deducted with no refund later on. We feel that this is a little bit unprofessional.

Best Binary Options Signals confesses that their signals are meant for illustrative purposes only

If you read the fine print at the footer of the site, you will see a notice saying that information on this site is meant for education purposes only. Again, this service needs you to have some knowledge on how to trade Binary options. If you have never traded before or are not proficient in analyzing charts, it is not for you.

In other words, Best Binary Options Signals is just looking to provide clues on how entry and exits which will cost you £55.

Our best advice for you

If you already know how to trade, we don’t see the need to sign up because you know where to enter and exit your trades when the right patterns form. If you don’t know how to trade, then we suggest that you pick a trading software/signal service here.

Why Binary Forex Options are better than Spot Forex

For those who don�t know, Binary Forex Options are a type of option whereby every contract you buy pays out a $100. In a binary transaction you are pretty much betting against or for an outcome. For example, there maybe a binary contract that says the EUR/USD will close above 1.0824 at the end of the week. You would either sell this outcome (bet against it) or buy it (bet for it.) If you are right, then you win $100 per contract, and if you lose then you only lose only what you sold the contract for.

Ok, So let me explain to you why Binary Forex Options are better than Spot Forex:
A. This is most important, the reward to risk ratio on Binaries is FAR FAR superior than Sot Forex. You can buy your typical binary option for $20 per contract (and some you can buy for $5!) This means if you win, you gain 5X your investment, or what you risked! ($20 x 5 = $100) To do this on a Spot Forex Position you would have to travel into positive territory that is five times your stop loss! This rarely happens because the Forex market is like a whipping dragon, and it’s hard to tell when a reversal is in progress. Most Spot Forex Traders that I know usually only have a take profit that is around the equivalent of their stop loss. This means that a lot of Spot Forex traders are only gaining what they risk.

B. You can�t get stopped out in Binary Forex Options. You�ll sleep better at night not having to worry about whether or not your position is going to get stopped out, despite the fact that price is ultimately going in the direction that you thought it was! (You can get timed out, of course, but when you consider there are WEEKLY Binary Forex Options, it’s really not a problem.)

C. There is no sneaky broker problems like in Spot Forex. You don�t have to worry about requotes or widening spreads with Binary Forex Options. And you just don�t have to worry about stop hunting in general.

D. You can Hedge with a single account with Binaries Forex Options. And because your pay out is so much higher than what you invest/risk, hedging makes perfect sense with Binary Forex Options. Unlike Spot Forex, where the risk to reward ratio is relatively low. If you buy a binary contract for $25 and sell an opposing Binary contract for $25, the payout is $75 even after your losing side fails!

I have traded spot Forex for 3 years now, and I can tell you that it has mostly left me broke, mystified and frustrated. But with Binary Forex Options, for the first time in my trading career, I�m making profits while risking very little. With all that said�you still need experience trading spot Forex before you can successfully trade Binary Forex Options, imo.

How Does Forex Work on IQ Option

We are glad to present your attention the best automated Forex trading software, which brings a whole new level of the buying of one currency and the simultaneous selling of another.

Getting Started with Forex Trading

Not familiar with Forex yet? Well, get comfortable, we’ve got a lot of ground to cover!

What you really need to know about Forex

  • Essentially, Forex is a liquid market of currency pairs that react to global news, events and economic policies.
  • Generally, FX is being traded in specific amounts called ‘Lots’. Most common are the standard lots which are the equivalent of 100.000 units of currency.
  • Not everyone has an account big enough to buy or sell $100,000 worth of a currency and so you can use leverage, i.e. borrow from the broker in order to trade $100,000 when you do not have $100,000 in your trading account. When using leverage, the capital is lent to you when you open the trade, but you do not actually see this money go into your trading account. You do, however, see the effects when your trade is open, because each pip movement has a greater value, allowing for greater potential profit or loss.

The maximum leverage a.k.a. multiplier IQ Option offers is 1:300. *

Selecting the multiplier

Now, let us clear things up by giving you an example:

  • Investor A used a leverage of 1:2 meaning that each dollar invested would act as if it was 2. ($50.000 x 2 = $100.000)
  • Investor B used a leverage of 1:20 ($5.000 x 20 = $100.000)

Trading Forex with IQ Option

You might be wondering whether you can wind up owing a large sum of money to IQ Option, as the position you opened takes a wrong direction? You might also be scared of losing your funds in hidden fees and poor exchange rates, aren’t you?

  • Indeed, Forex trading can be very risky and volatile. But the good news is that with IQ Option you cannot lose more than the amount of your initial investment. That is by far the biggest advantage of IQ Option over other Forex brokers.
  • By the way, if you are planning to start trading Forex with IQ Option, you may also want to take advantage of the free reloadable $10,000 Demo account that we offer. With the Demo account, you can trade with virtual money for free and get a better idea of the trading as well as the platform and services.

Trading Times

You can trade currencies 24 hours a day, 5 days a week, from Monday at 0:00 GMT until Friday at 21:00 (when U.S. markets close).

Main Benefits of trading Forex with IQ Option

    • Never lose more than what you’ve invested in one position
    • Unlimited profit
    • Real-time forex news and analysis at the highest level while making it accessible for less-experienced traders
    • Trading on the most liquid markets in the world
    • Top currency pairs
    • 24 hours a day, 5 days a week
    • Free reloadable $10,000 Practice account
    • 1:300 leverage available
  • Tight spreads, no commissions

Find the official video below. Your feedback matters – share your thoughts, comments, ideas and suggestions with us.

*Leverage restrictions may apply depending on client’s circumstances and/or jurisdiction.

NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

GENERAL RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Valeriya IQ Option

I came to know that if someone continues to earn and win then account is being limited for further wins as co want to lose the traders and furthet after winning several hundreds of dollars the account is being blocked by admin.

Regarding withdrawals there are issuee too as the payments are not being made at all.

Is it so then pls clarify in detail tk resolve the concerned issue.

Hello, Tabassum!
Contact us here to get your questions answered by our support team members – https://iqoption.com/en/cabinet/messages/new

Hi, i just want to find out. Why is there an x1000 leverage available yet you say the maximum leverage is x300?

It depends on the volatility and the market situation.
Please, kindly wait.

Hi, Just wonder, is there any time limit if we use multiplier / margin ? (i.e 10 days or else)

There is no time limit on multiplier ��

Does the leverage work in the demo account? It does not seem to work…
Also how do you reload the demo account?

Sure it does bro , click on the deposit tb

Yes, it does work on demo.
You can refresh your demo right here: http://prntscr.com/eutf1k, though only up to 10000.
Have a wonderful day and great deals!

I’m very sorry to say this doesn’t work. I applied a multiplier of x200 but didn’t get the respective returns. The profits were absolutely normal and did not have the multiplier effect.

Hello Adarsh, thanks for update!

Let me share with you the way Profit and Loss are counted in Forex trading.

1) The formula for long positions:
(Closing price / Opening price – 1) * multiplier * investment

2) The formula for short positions:
(1-closing price/opening price) * multiplier * investment

Please note, that Multiplier is in direct correlation with profit amount.

In case you have a query about one particular trade, please kindly contact us via [email protected]

My colleagues will investigate your case carefully.

I wish you a great day, Adarsh!

I didn’t see any benefit of leverage amount as per your video too at the last of blog.
Invested $100 by putting leverage of x50
But after profit of 30% user gets the profit from the actual amount he/she invested. There seems no role of leverage amount as losing and benefits going through actual amount invested then please clarify me the concept of this multiplier.

I will tell you the way the multiplier works and the way it affects your potential profit and risks.

The multiplier in IQ Option is an analogue to a leverage in standard Forex Trading.
The multiplier is an amount, to which your initial investment is multiplied so that you could trade with a much bigger amount that you invest.
For example, when your initial investment is $100 and you use a 300 multiplier, you will trade with the amount $30 000 and you will get profit from investment $30 000, not $100.
The multiplier multiplies the potential profit e.g. if your multiplier is 50 you should get 50 times more profit based on your investment.
For example, if your profit with initial investment is $30, with multiplier 50 it will be $1500.

So, the multiplier is provided by the broker and gives a trader an opportunity to earn more profit.

Why it increases the risks?
In IQ Option the deal is automatically closed when it reaches 95% loss of the initial investment.
It is not a stop out as a trader can lose only the amount of investment in a particular deal.

Let’s say a trader makes a deal with $100 of investment without leverage.
Let’s say that one pip of the asset A costs $1. In this case, a trader will lose 95% of the investment ($95) if the price changes for 95 pips in the opposite direction.
So, a trader’s automatic close is 95 pips away from the current price.

Now, let’s say a trader makes a deal with an initial investment of $100 with a leverage 50.
So, total investment is $5 000. In this case one pip will cost 1 x 50 = $50. So, a trader will lose 95% of initial investment (95$) if a price changes for 1,9 pips in the opposite direction.
So, in the case of leverage 50, the position will be automatically closed in loss 1,9 pips away from the initial price.

That means, that when a trader uses the leverage they should be confident that the asset is not highly volatile and that the price will only go according to the supposed direction.

Are there any risk in using leverage ? If I’ve invested 50x 1000 and if I lost the trade will I lose $50 or more ?

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Like this post? Please share to your friends:
Best Binary Options Trading Guide For Beginners
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: