One of the first and most important problems faced by traders starting binary options trading is the lack of significant financial resources.
Therefore, the question of choosing a platform on which you can start trading with minimal investments becomes the most significant.
How to solve the problem of start-up capital?
The smallest amount with which you can start working with binary options is 25 USD. True, there are offers in 1 USD, and even without a deposit, but such brokers cannot be called any serious ones because the amount of investment is so small that it causes some distrust.
Of course, a no deposit account is probably necessary as a demo account for honing skills, but a novice trader will not be able to fully psychologically understand the degree of risk without receiving any real losses or profits.
It is difficult to imagine a person who wants to try his hand at binary options trading and who does not have the opportunity to open an account with a minimum deposit offered. Of course, there are brokers who offer to enter the trading system with an amount of 1 USD.
But then it’s not clear how to solve the problem of choosing a trading instrument worth 1 USD. After all, people come to the financial exchange to earn money, which means brokers offering minimum bets cannot be considered serious players on the exchange because will not be able to provide their brokerage activities. Traders working with the minimal investment will also not be able to earn sufficient profit.
Large incomes can be provided only by a significant investment of funds on a deposit. This allows you to have freedom of choice of financial instruments and, as a result, to be able to diversify your trading portfolio, which, ultimately, reduces the risks of unsuccessful transactions.
The importance of the broker choice
The rapid spread of binary options trading, their availability and simplicity provoked a response from broker companies: they begin to offer not only profitable binary options trading signals, but also massively introduce other evolutionary services, such as investment services for experienced traders.
Navigate in such a proposal is not easy. In a situation of a large amount of conflicting information on the Internet – without analyzing your own experience and mistakes, you can’t do without it. In order to gain this experience, both positive and negative, it is best to start trading binary options with the minimum possible deposit that the market offers.
This will not only give an excellent training effect but also allow you to polish your own trading strategy with minimal losses.
Recommended minimum deposit
Each broker has its own minimum deposit level, from which a trader can start working. Someone offers 1 USD or 25 USD, while someone else considers a minimum deposit of 100 or 300 USD. Each novice trader makes his own choice.
In addition to the initial deposit, a minimum investment rate is required to start trading. Its value also varies among different brokers.
You should remember the rule: the ratio of the minimum deposit to the minimum investment is an important indicator showing the degree of risk. If the minimum deposit is much higher than the investment, then this indicates that the degree of risk of the transaction is extremely high.
The ability to earn a lot depends entirely on which broker a trader works with and which trading tool he chooses and uses.
Which broker should you choose?
First of all, it is worth taking a closer look at brokers who use reliable risk management tools, and also offer trading binary options, currency pairs, and CFDs on stocks. Also, attention should be paid to what payment systems the broker offers. If their list contains Russian electronic systems, this is a definite plus.
In addition, brokers offering trading signals for binary options are reliable, the profitability of which is provided by clear statistics.
Most popular brokers:
- The minimum deposit of 10 USD is set by the IQoption broker, while the minimum deposit is 1 USD. Trades the Bitcoin index, along with other instruments.
- The Grand Capital broker has a minimum deposit of 10 USD, entry is 1 USD, trading through the MT4 terminal, this allows you to use indicators and trading systems.
- Stock Pair binary options broker set a minimum deposit of 200 USD, with a minimum rate of 20 USD, profit up to 87%. To withdraw funds, you can use payment systems – Skrill, VISA, MasterCard, Bank transfers, WebMoney, Qiwi.
- The broker Any Option has long earned the trust of not only beginners but also professionals. It does not provide demo accounts and there are negative reviews on the price chart. True, there is a plus – 15% compensation for losing. The minimum deposit is 200 USD and the minimum bet is 25 USD. Deposit and withdrawal through bank cards, WebMoney, Moneta, CashU, bank transfers, Ukash.
- Utrader broker set a minimum deposit of 200 USD and a minimum bet of 20 USD.
- Opteck broker has recently appeared, but has already proven itself, has a convenient modern trading platform. Started trading options in 60 seconds. The minimum deposit is 200 USD, with a minimum rate of 25 USD.
- The OptionFair broker set a minimum deposit of 200 USD, with a minimum rate of 25 USD.
- The Trade Rush broker also compensates for the loss at the rate of 10%. The minimum deposit is 200 USD, and the minimum bet is 10 USD.
- Dragon Options broker is considered neutral and has almost no negative reputation. The minimum deposit is $ 200 with a minimum rate of $ 25.