How much money do I need to begin trading binary options or forex ?
You can start with as little as $50 with some forex trading brokers and $100 with some binary option brokers. (Learn more - Click Here)
I have no experience whatsoever. Would it be possible for me to learn online trading ?
Absolutely yes ! You can learn for free as there are many companies offering educational tools, webinars and free demo accounts. Just visit the review page of each one of them and look for those that offer this option.
How do I deposit and withdraw funds with the brokers ?
The quickest way is through credit/debit cards but also directly from your bank account. However, if you do not like to disclose your bank account or card details to the broker you can opt for the service of the most renowned e-wallet processor in the world being: NETELLER
What is the minimum amount I can invest in a single trading option ?
For binary options you can invest as little as $5 or 10 dollars with some companies while for forex trading you can invest as little as $0.01 or $0.10 cents per trade, depending from the company.
What is a binary option?
A binary option is a prediction of how the market price of an asset will perform over a set time period. Will the price rise or fall? Binary options tell you how much you can earn BEFORE you invest, meaning there are no surprises. Binary options are the simplest, most direct trading method available to traders the world over.
What is forex trading or stock exchange?
Forex Trading which is an acronym of Foreign Exchange is trading currencies from different countries against each other. An example of a forex trade is to buy the EUR while simultaneously selling GBP (Great Britain Pound).
Stock Exchange are places where buyers and sellers meet and decide on a price. Some exchanges are physical locations where transactions are carried out on a trading floor. The other type of exchange is virtual, and offered to the public by specialized online brokers through a network of computers where trades are made electronically.
Do I need to download any software before I start trading?
The modern platforms do not require to be downloaded in order to use them and you can access them from any computer connected to internet. However, the standard MT4 trading platform still requires to be downloaded for forex and stock market commodities trading although a new web based version is also available.
Do I need to provide any documents?
Due to regulatory requirements, most brokers will require copies of your documents in order to prevent fraudulent trading and for customer security.
Are my funds safe with the brokers?
Most brokers reviewed in this website are under scrutiny of various Regulatory bodies of different countries around the globe and therefore clients funds will not be used to pay back creditors in the event of company bankruptcy.