As Binary Options Trading becomes more prevalent over the world, the trading platforms available have also increased, with many having excellent features. It can be interesting trying to select the best platform, especially when you are a novice trader who is trying to get started. With all the platforms promising excellent services and rewards, you need some extra criteria to consider. Look out for the following before you make a final choice: –
The best CFD / Forexs platforms have excellent reputations amongst consumers. You should find out about the levels of service that are on offer, so that you can approach with high expectations. Furthermore, they will have proven track records, both for brilliant payouts and handling customer concerns. In addition, a solid foundation that can be traced back to its origin is a testament of a good CFD / Forexs platform.
Dubious sites and online scams are the various ways that you can lose your investment with trading CFD / Forexs online. However, when seeking the best CFD / Forexs trading platform, security is placed at the forefront. In addition to being regulated by a reputable regulatory body, excellent platforms also offer insurance to further protect your investment. These measures and adequate educational information ensure that you can rely on the site to keep your investment safe and secure.
An excellent platform will have a responsive customer care service team to respond to any queries that you may have before, during or after a trade. This team should be reachable through phone calls, emails, live chats and any other appropriate media. As CFD / Forexs platforms are online, the customer service team should be available on a 24-hour basis. Their communication skills are also important, and it is recommended that the team have the ability to communicate in more than one language. Common questions such as handling withdrawals and dealing with delays should be addressed quickly and efficiently.
The primary reason people begin CFD / Forexs trading is to get a payout from their investment and the best CFD / Forexs platform guarantee excellent pay-outs. The platform that you select may decline to offer any out of the money payouts. However, there are other platforms that will return a certain percentage of your investment to you, a figure which often averages 15%. Excellent platforms will offer you payouts that extend up to 80%. If the payout seems too good to be true, it probably is. This means that when choosing a platform based on the payout, you must make a wise decision to get the best out of your investment, and avoid being greedy.
Number of Available Assets
When choosing a trading platform, it is important to determine the number of trading assets you will be able to trade in. The more assets that are available, the better advantage for you as this allows you to spread your risk. A trading platform that has approximately 100 assets to trade is an excellent choice as you have sufficient variety to fit your skill and your overall budget. If the site offers twenty assets for example, then you will be limited on what you can do to make yourself a profit. It is important to determine how many assets you will be able to trade in before you can make any deposit. If you prefer trading in a certain asset, choose a trading platform that will allow you to trade in that asset. This will make things much easier and more enjoyable for you.
There are trading platforms that are strict on the access that they give to their traders. Some platforms are not permitted in certain countries, and others will limit what you can trade on the site. Before you commit to a site with a deposit, establish whether you will face any access restrictions.
As a trader, the platform that you choose is more than just a brand name. It requires you to establish whether all the features that will facilitate your profit making are in place. The features on this list are the bare minimum you should expect from your CFD / Forexs broker. If they are all available, then you have made a wise choice for your preferred platform.