Trading binary options can be very profitable if you choose the right broker. Binary options are financial products that have been approved by the Securities and Exchange Commission and are therefore legal to trade in the United States. You use a broker that offers trading binary options and estimate whether the price of a stock will go up or down. This can result in high gains or losses.
Unfortunately, there are many scam brokers on the market that will never pay out your earnings or just take the deposited money and flee. When choosing a broker, it is important to consider their deposit and withdrawal fees, payment options, and payout time.
Trade binary options safely and profit by choosing one of the two reliable brokers discussed in this article.
Olymp Trade
Olymp Trade is a reliable broker that offers trading binary options. In fact, they focus their services on binary options. You can start trading with as little as one US dollar–therefore this platform is very suitable for both beginner and experienced traders. Olymp Trade offers more than 200 markets to trade in and has a user-friendly platform that is easy to understand. The platform can be customized to the wishes of the trader.
This broker is regulated by the International Financial Commission (IFC) and offers free demo accounts to try out the platform. You can deposit as little as ten dollars to start trading. The return on investment on Olymp Trade can be as high as 92%.
Olymp Trade withdrawal is very easy. They do not have any withdrawal fees and you can withdraw as many times as you want. There are no limits or restrictions when it comes to withdrawing from Olymp Trade. Your withdrawal is processed within 24 hours unless you choose the bank transfer option. In this case, it can take between two to five days. Send your money easily to your bank account or any electronic wallet.
Olymp Trade accepts all big bank cards, including Visa, Mastercard, and several debit cards. Cryptocurrencies such as Bitcoin, USDT, and Ethereum are available.
Nadex
Nadex is a very flexible platform that offers trading binary options to its clients. Nadex is regulated by the CFTC (Commodity Futures Trading Commission) and is therefore very reliable. It is not technically a brokerage but instead is a CFTC-focused trade. Citizens from 41 countries are allowed to trade on this platform, including the USA. Nadex offers three types of commodities to be traded, namely commodities, indices, and Forex.
Nadex does not charge a deposit nor a withdrawal fee making it very profitable to use this platform for trading binary options. The platform is very user-friendly on desktops, tablets, and mobile phones. There is no membership fee but the platform does require a 250 US dollar deposit before you can start trading.
The withdrawal methods are different depending on the country that you reside in. Available options are debit card withdrawals, ACH withdrawals, telegraphic transferrals, or global bank wire transferrals. Withdrawals are limited to 50,000 USD per day and 10,000 USD at a time.
ACH withdrawals are free and take between three and five days. Wire withdrawals are processed the next working day and have a fee of 25 USD. You need to fully verify your account and payment method before being able to withdraw.
