Binary options trade The Orion Code is new, exciting and everywhere! There are hundreds of platforms to follow the millionaire trader choose from and all of them look pretty much the same. I know that the big question you are now asking yourself is, if this is the case then how can I choose one that will work for me?
That is why I have come with a few tips that will help you a platform which is ideal for you.
Check the payout and return rates.
When choosing a broker, opt for one that provides between 65-70% return on any win and at least 10% on any loss. In case you find lower percentages than these, you need to reconsider. If the market gives a better offer, then why not take it?
Check out if the binary options you are about to hire is licensed. If the broker is licensed, I can tell you without doubt that you are on the safe side. However, if the broker is not licensed, there may not be cause for alarm.
Some countries like Turkey and Israel do not require The Orion Code licensing according to the law. If this is the case, then you will have to compare reviews of platforms. See number 3 for more information.
Compare site reviews.
For the millionaire trader list of reviews of different brokers, visit sites such as Daily Forex and trading forums such as Trade2Win.
You have to be very attentive to the customer service reviews. This is due to the fact that you will need good service whenever you have any problems.
Sign up for a demo account first and see if the site is user-friendly and intuitive. You need to find out if the website will enable you trade easily or whether it is so disorganized. You need to sign up for a demo account on several sites to compare usability before committing to one particular site.
The site should offer a secure payment system including a fraud detection service. It is a good idea to choose The Orion Code site having a 128 bit SSL encryption.
Determine your needs.
To avoid wasting hours at different platforms, you need to determine your needs before shopping. Are you a beginner and need lots of information on the binary options market? May be you need a site with a glossary of terms and resource links on trading. Or you are an experienced trader of 30 years and you now want to take binary options as a new challenge.
If this is the case, you may need to choose a site that offers a variety of expiry dates as well as a variety of exotic options.
The Orion Code Variety of assets.
Check if the list of assets you are about to trade is acceptable. Are you interested in trading in lots of different currencies or do you want to trade in commodities? Ensure that you look at the list of assets offered carefully and decide whether it is suited to your needs or not.
Early exit options.
In conventional trading, you can sell options before the expiry date to prevent loss. It is also possible to buy the option at any point once the option is offered for sale. Most of the binary options trading sites usually imitate this same flexibility of the conventional marketplace online to assure the traders of the similarity between the two worlds.
At any rate, this option can allow for The Orion Code greater trading flexibility and the ability to sell an option to prevent loss. Make sure to include this feature when looking for a broker.