WebMoney Binary Options Brokers

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Binary Options Brokers

Choosing the Best Binary Options Broker: What to Look For

Before venturing into binary options trading, the first step should be to find a competent broker. That you know about put and call options doesn’t make you a pro, which is why seeking professional assistance from a brokerage company is necessary. Besides acting as a bridge between you and the market, the company also contributes to you getting the most out of your trades in real time. You benefit from many things including professional tools like indicators, signals, graphs and more so, expert advice.

The popularity of binary options trading has grown over the years, and today, you will get a wide variety of brokers with a simple Google search. In effect, this has made choosing the best broker a challenging task for many people, especially those who are doing it for the first time. The good news is that there are a few things that you can look for to know that you are dealing with the best in the business. Better yet, you won’t have to look for them farther.

Top 5 things to look for when choosing a good binary options broker

The broker’s reputation

The first thing that should come up naturally when conducting your research is the reputation of the broker. How many people have they helped to trade? How many do they manage at the moment? Can their previous clients speak of good things about them? The reputation of the broker that you choose to use will determine how well your investment is managed as well as the possibility of getting what you deserve.

So be sure to check that the broker has a good history with its clients and if you can get in touch with some of its clients; even better.

Professional Trading Tools and Features

The difference between using a broker in your real-time trading and not using one include among other things the tools and features that they offer. These are aimed at making your trading more efficient and productive. They are supposed to help you to make the most when the market goes up and help cut loses when the market goes down. As such, a good broker should have effective tools and features to help you maximize your profits and tame the loses, but if they offer anything less than that, you better look for another one – they are many after all.

Terms and Conditions

The mistake that many people commit when looking for a binary options broker is getting carried away by the good words most of them use and forget to read the fine print. They say the devil is in the details and you want to be sure that you are acquainted with everything before putting the ink on paper. For this reason, take your time and go through the terms and conditions, noting the benefits that you are liable to and how the loses are handled.

A good broker will have its terms and conditions well-laid out in a simplified and straightforward manner to make sure that you understand. Be sure that you seek clarification when you need any.

Demo Account

Whether you are a seasoned trader or a beginner, a demo account comes in handy in understanding how your broker operates. This includes the ease of calling and putting as well as the effectiveness of the professional tools that they offer. This allows you to taste the waters before actually being part of it, and if you think that the platform is way better than those that you have tried before, then you probably will have found your broker.

It is a red flag when the broker doesn’t have a demo account. While it is not easy to find any without a demo account, it is good to ensure that it is offered.

Customer support

So, you have been trading, and sometime in the night, your platform fails you. You try calling in, but no one picks your cal. Worse yet, they pick, and they offer more problems than solutions. What do you do? Another critical thing to look for in a good broker is the quality of customer support that they provide. To be sure, contact them and have them solve an issue that you have. If you are satisfied with how they not only handle the query but also how they treat you, you may want to consider.

Binary Options with Webmoney

Webmoney is a fairly old electronic wallet services which isn’t quite popular among binary options brokers and traders. However, the latest statistics show that the service’s popularity is rising, and nowadays it is used by thousands of binary options traders who need a quick, easy and convenient way to deposit funds into their trading accounts. The service is also supported by a wide range of binary option brokers, and this definitely has a positive impact on Webmoney’s popularity among traders.

Webmoney isn’t as popular as other electronic wallets such as Moneybookers, but it definitely has some cool features which make it unique. Many experts predict a bright future for this payment method, so it is probably a matter of time for Webmoney to become one of the most widely spread electronic payment methods. Its rising popularity among binary option traders and brokers is one of the things that proof the service’s increasing popularity.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Best Forex Brokers for Russian Federation

The most important quality of any online payment method is security, and you can be sure that Webmoney is one of the most secure services you can find. This electronic wallet will keep your money safe, and you can be absolutely sure that you won’t become a victim of fraud by using this service. Apart from depositing and withdrawing money from your trading accounts, Webmoney also allows you to pay bills, purchase from a variety of online shops or deposit money in various websites.

This electronic wallet is mostly preferred by US citizens, because it allows you to quickly connect your US bank account with your Webmoney account and transfer funds between the two places. You can also tie up your electronic wallet with other platforms such as Western Union. The service supports the most popular currencies, so it is incredibly easy to deposit and withdraw funds from absolutely anywhere.

As you can see, Webmoney has a lot to offer, so the service’s sudden popularity shouldn’t come as a surprise. Many brokers are interested in using Webmoney in the near future, so it won’t be long before most binary option traders and brokers start using this electronic wallet.

Currently the number of binary option brokers using Webmoney isn’t big, but there are some companies that already provide traders with the opportunity to deposit and withdraw funds via this electronic wallet.

Best Binary Options Trading Brokers for 2020

Below you will find a list of Binary Options Brokers that offer various binary contracts for trading. Although the term may appear to be very confusing, it’s not that complicated. A binary option is a sort of a contract with a value, expiration date and determined conditions of winning. By purchasing it, you technically make a bet. Most common wager is to predict whether the asset’s price will go up or down from a certain level and stay there until the option expires. Most tradable assets are currencies, indices and some commodities. There used to be much more brokers offering binary options, but many regulatory authorities placed restrictions and prohibited that kind of trading.

Binary options for the retail market were instituted in 2008 when the first description of this product was approved by the US Securities and Exchange Commission. The initial description of what is now known as US-style binary options was based on assets that were listed on exchanges, with traders pitting their bets against each other.

A short while later, a different model of binary options was developed and introduced to the world by brokers based in Europe and Israel. This model (European-style binary options) was essentially based on off-exchange trading of CFDs. However, what followed was years of unwholesome practices and remarkable scandals, which led to the shutdown of the industry in Israel by regulators there, and in the UK and EU region by the European Securities and Markets Authority (ESMA).

The industry is presently undergoing a self-cleansing, and we now have offshore brokers who are showing better commitment at playing by the rules and ensuring their clients get a good deal for their money.

What led to the near collapse of the binary options market?

The answer lies in only one direction: shady brokers and their agents all over the globe. But perhaps some portion of the blame can go to regulators, who were generally very slow in rising up to the occasion to protect the clients, whose money constituted the entire financial backbone of the market.

Brokers are meant to create markets for their clients to trade and are supposed to ensure transparency and safety of trading venues, while maintaining some level of neutrality. However, what occurred between 2020 and 2020 was a situation where a lacuna in regulation led to the emergence of fraudulent entities. These fly-by-night operators set up “brokerages” that were essentially criminal enterprises, specifically designed to rob traders of their hard earned cash. These scam brokers devised several means of ripping off their unsuspecting customers.

A) A common method was the use of call center agents, who unscrupulously obtained contacts of prospective traders and literally harassed them into making ever-increasing deposits, with promises of helping them reap bountiful returns on their investments.

B) There was also the use of volume requirements for incentive bonuses, which were tied to the ability to make withdrawals. Traders soon found out that achieving these volume requirements was practically impossible, thus ending any opportunity at retrieving capital or profits made.

C) In some brazen instances, agents in the brokerage house would access trader accounts from the back end, and execute trades that had been deliberately configured to lose on those accounts. There is at least one case known to the writer where $5,000 was stolen in this manner. Prosecutors and law enforcement agents presently have warrants on the identified personalities behind that brokerage.

Perhaps the case that brought binary options into very negative light, prompting calls for an EU-wide ban, was the unfortunate case of a Canadian investor who lost his life savings after patronizing a shady brokerage entity. The eventual suicide of this investor was the breaking point; EU and UK regulators took action and shut down binary options in Europe and the UK.

Lessons learnt

It is not only traders that suffered from the criminal activities of the scam brokers. Legitimate brokers such as Binary.com paid a very heavy price, as they lost a significant amount of the market share in an industry where they could be said to be the pioneers. Binary.com (which is listed below as one of the best binary options brokers of repute today) and several other legitimate companies around the world were forced to make major changes to their operational models, in an attempt to improve transparency and to bring back badly eroded investor confidence into the market.

Some of the changes which have been introduced include:

A) Restriction on issuance of bonuses, a lot of which is now provided as cashback for volume trading.

B) Robust trader education, in order to ensure that only informed traders use the binary options platforms.

C) Provision of demo accounts, which many of the defunct brokers never provided for their clients. No longer will traders be deprived of the opportunity to test their strategies and learn the process using virtual accounts.

D) Enhancement of the analytical tools on the platforms, to replace the archaic methods of the old order which provided traders with only line charts and zero tools for analysis!

E) Elimination of confusing binary options bet types and sticking to the classical binary options.

F) Getting their entities regulated in the countries of operation, to enhance user protection and boost broker accountability to enforcing regulatory institutions.

G) Incorporating new asset classes (e.g. cryptocurrencies) to the mix.

Criteria used in broker selection

In selecting the binary options brokers displayed in our list below, the following parameters were used in the process of consideration and selection to ensure that only the most genuine brokers are available for you. We have thus made the process simple, knowing that it is quite a challenge for traders to be able to select these brokers on their own.

The issue of regulation cannot be emphasized enough. The only way traders are going to be protected is by regulating the binary options providers they operate with. Anything short of this will be inviting the old demons back. Regulation also provides for greater accountability and ensures that investor confidence is never lacking in the market.

2) Corporate Governance Structure

A look was taken at the structure with which the listed brokerages operate. Many of them have been around for more than 9 years, and have invested in improving their platforms and trade offerings. These brokerages also have properly defined corporate hierarchy and a face to which the company can be tied to. For instance, the CEO of Binary.com is well known. Olymptrade has a very active presence in an online forum in Africa. Brokerages like Go Markets have officials who are also well known. There are no faceless companies in our list.

3) Openness and Reachability

The brokers listed here all have verifiable contact addresses and can be reached by phone, email and social media channels. Compare this with the old order where some brokerage operations were essentially husband/wife run establishments, operating out of a kitchen (yes, a “binary options broker” was found to be just that several years ago).

4) Trade Conditions

The trade conditions for each broker were also reviewed. For instance, we looked at factors such as stability of the platform, uptimes and downtimes, accessibility of customer support, latency of price and data feeds as well as how the brokers handled counterparty risks. Brokers that were found wanting were eliminated from the list.

Binary Options Reports

Binary Options Brokers Accepting Webmoney

Binary Options Brokers Accepting Webmoney

Webmoney is becoming an increasingly popular way for binary options traders to fund their real money trading account. Webmoney, also known as WMZ due to it’s ewallet prefix is predominant among Russian traders, however it has grown and is now being used all over Europe.

It is unique in several ways, first you would need to download the software into your computer registry. Secondly, there are several tiers or levels of permissions and each one has different levels of limits imposed on depositing as well as receiving money.

The Webmoney passport is the classic ewallet, but there is also light no-download version as well as a mobile version.

The Fees are as Follows:

  • Internet Banking: 0%
  • Bank Wire: 1-1.5%
  • Bank Branch: 2.5-3%
  • Money Transfer Systems: 2%
  • WM Cards: 4%
  • Cash Terminals 3-10%
  • Prepaid WMZ cards and Vouchers: Starting at 6%
  • Electronic Money: 0%
  • Webmoney Exchanges Offices: 0-4%

Secure Ewallet for Deposits and Withdrawals:
Webmoney is tediously safe. It is relentless to the point of aggravation when it comes to security. Opening an account requires you validate your purse with a code that is sent to your mobile phone – there is no other way to do it. To keep funding your account you MUST provide documentation, and the more you provide the higher your limits get. There are also limits placed on time since you opened the account. Meaning if you have a new account that you recently opened, you will have certain restrictions placed on your account and limits on the funds you can deposit and cash out.

Widely Accepted
Binary options brokers such as Traderush, 24Option, and Anyoption all accept Webmoney as means to fund your account. Furthermore, they all recommend it since it is easier for them to wire money back should you want to cash out your winnings.

To finalize, Webmoney has become one of the most popular E-wallets among Russian as well as European binary options traders looking for a fast, safe, and easy way to transfer money to their account. Besides the ease of use, the anonymity as well as budget control an Ewallet has over a credit card makes the fees worth it.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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Binary Options Trading: Brokers Reviews
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