In this lesson we give you an insight into our recommended brokers. We give broker details, such as, demo accounts, initial deposits, tradable options, expiry times, and we give you a tour of each brokers trading platform.
BO102 Lesson – Recommended Brokers Transcript
Welcome to the second video in this Binary Options 100 training course.
This is Binary Options 102, Recommend Brokers. My name is Sam, and this course is brought to you by binaryoptions.education.
There are three brokers I recommend in this video, BinaryMate, Trade Rush, and Lionive. BinaryMate and Trade Rush are very well-established brokers and have a strong reputation in the binary options world. In this video, I’ll give some brief details of each broker, and also show you their trading platform.
So BinaryMate. This is their company logo. Do BinaryMate offer a demo account? Yes, they do.
What is a demo account? It’s simply a paper account where the broker will give us virtual funds to place call and put options. We can trade with these virtual funds. Obviously, any profit or loss we make is all virtual. But it gives us the opportunity to practice binary options and practice any strategies we may be testing.
What is the initial deposit? At BinaryMate, it’s $250 US, or 250 pounds, euros, or Australian dollars.
The tradable options offered by BinaryMate are Forex, commodities, stocks, and indices. And the expiry times they offer for binary options range from 60 seconds to 12 months. If you want any further details about BinaryMate, go to www.binaryoptions.education/brokers.
Let’s have a look at the BinaryMate trading platform. This is the BinaryMate trading platform. At the top here, we have Most Commonly Traded, which is highlighted by default, through the Most Commonly Traded Binary Options showing on this front page. We can filter the binary options by currencies, by commodities, indices, and stocks.
Let’s go to currencies. We can change the asset with this first box here. So here are all the currencies that are offered. We could do the pound against the dollar, and the pound against the dollar will load up.
We can choose our expiry time here, and the amount we want to invest. So if we invest $25, it will tell us our potential payout and the payout percentage, or the return, on our binary option. We have the current rate of the pound against the dollar and our call and put options. And we can view this graph here by 30 minutes, hourly, two-hourly, four-hourly, eight-hourly, and 12-hourly.
At the bottom here, we have a Trader’s Choice, which tells us how many trades does company have call positions open, and how many have put positions open. So 52% have call options open, 48% have put options open. If we want to trade 60-second binary options, we would use this tab here. If we’re looking for longer term binary options, such as days, weeks, or even months, we would use this Long Term tab here. So that’s the basics of this platform.
Our second recommended broker is Trade Rush. This is their company logo. Do Trade Rush offer a demo account? Yes, they do. They do require you to register for a live account in order to access a demo account, but you do not have to deposit any funds to register an account with them.
The initial deposit for Trade Rush is $200 US, or 200 pounds, euros, or Australian dollars. Are Trade Rush regulated? No, they’re currently not, but they are currently pursuing regulation. The tradable binary options offered by Trade Rush once again are Forex, commodities, stocks, and indices. And the expiry times are very similar to BinaryMate, ranging from 60 seconds to 12 months.
If you want further information about Trade Rush, go to /brokers. And let’s a look at the Trade Rush trading platform. This is the Trade Rush trading platform. It’s a very similar layout to BinaryMate.
We have our Hot Assets, or most popular binary options tab, which is selected by default. We then have commodities, currencies, indices, and stocks. Let’s go to currencies. At the top-left here, we can choose the currency pair we wish to trade, so let’s do the dollar against the Japanese yen.
Our option expiry time is in this drop-down menu here. Here’s our Trader’s Choice. 51% currently have call options, and 49% currently have put options. We have our Max Payout Percentage in this box, and our call and put options.
Here’s our graph. If we click Call, you’ll see a box appears that tells us the expiry date and time of the option, the current rate of the option. We can then choose the amount we want to invest. It will give us our potential payout rate, and then we would click Apply. If we’re interested in 60-second binary options, then there’s a tab here to do that.
The third broker I’ll recommend in this video is Lionive. They offer a demo account. Their initial deposit is $200 US, or 200 euros or pounds, or 100 Australian dollars. The reason for the lower initial deposit of Australian dollars is because they’re based in Australia. They’re not regulated, and they offer Forex, commodities, stocks, and indices.
Expiry times at Lionive range from 60 seconds to one month. And if you’d like any further details about Lionive, please go to binaryoptions.education/brokers. And let’s have a look at the Lionive trading platform.
This is the Lionive trading platform. The layout is different from the other two brokers I recommended in this video, but the principles are very much the same. We have a field to the top-left here. It’s currently on Forex, but we could show all the assets or binary options offered by the broker, indices, stocks, and commodities. Let’s leave it on Forex.
So here are all our currency past pairs. And the potential payouts in the second column. Here are our expiry times. We have the Euro-USD selected, so here’s the Euro-USD graph. Here’s our Trader’s Choice, and here’s our high-low call and put.
So let’s click Call. We can enter the amount we want to invest. We can have our return down on the bottom in here, in value and percentage. We would then click Buy, or if we had clicked the put option, we would click Sell. If we’re interested in 60-second binary options, you would use the Short Term tab just here.
Thank you so much for watching this video. It’s important to note that some of the information I’ve given you about these brokers may change over time, such as initial deposits and expiry times offered, but this video is correct at the time that it was created.
To have a look at the trading platforms yourself, and to register with these brokers, please go to binaryoptions.education and follow the links found on our site, or alternatively, use any links I’ve provided in the description below.