Binary Options Success Stories

Binary Options Success Stories - Is It Really Possible?

It is thrilling to read binary options success stories in which traders move bars with magic wands and fill boxes with cash. Trading is not a tale. One could only comprehend the crazy information if he knew the overall game of the market.

And about successful stories, you may have something to ask; has anyone ever traded binary options and become successful at it?

Absolutely, but it isn’t easy to show a list.

After hearing hundreds of scam stories, it isn’t effortless to make up one’s mind. And this article will show you how to trade binary options successfully, the myth, and our top brokers who clean up the muddy path.

Let’s start.

What Is Binary Options?

Binary options is not a form of gambling. What could it be if it is not a casino game? Binary or options trading is a form of investment or contract without owning assets. Traders make a prediction and get rewarded based on their predictions.

If your prediction comes true, you will win the trade. However, you will lose the entire investment amount if it goes wrong. That’s how options trading works.

Need an example? Visit what is binary options trading to know the framework more clearly with examples.

Is It Worth Trading Binary Options?

You need to make it worthwhile. Binary options is one of the simplest trading forms without any complex instructions and strategies. However, to demonstrate your victory, you must predict the right movement of an asset price. And it is the formation of options trading.

On the other hand, to build a strong portfolio, it is a must to fulfill a few requirements as a trader. Touch wood, the following requirements will help you make each trade successful.

Interested in making money online
Willing to learn new things

But do you know why binary options trading is gaining popularity these days?

The fundamental reason is its simplicity. Aside from this, there are other factors that make this form of trading extremely appealing. We are listing them down one by one –

Fastest and highest payout ratio
Can start with a small investment
Multiple asset trading
Best investment decision for beginners
Limited risks

Is Binary Options Trading Safe?

If you want to be sure about the risk factors, sorry to disappoint you; not a single trading type is fully secure and risk-free. But, when it comes to scam history, binary options win.

However, time and trading patterns have changed a lot. People are more interested in options trading and digital options than regular options.

Later, we will discuss binary options success stories and how this form reverts from catastrophe.

Yes, these days, binary trading has changed with countless benefits. The market is still covered with a layer of scam brokers, but trading in this form is much more secure than before. Regulation is regarded as a symbol of the safety of trading.

So, it would help if you found a regulated broker to enjoy peace of mind in binary options trading. Additionally, licensed brokers will help you protect your account from fraudulent activity.

Binary Options Trading Success Stories

The history of binary options has not been a buttery one. It has uneven success stories. However, it has survived on the market and is slowly gaining popularity. History indicates that this trading class was uncovered in the year 2008. From that year, it was publicly available for traders with limitations.

After a while, multiple trading brokers appeared with features. Binary options trading was pretty easy, but scams were the biggest fear. And here comes the dark period for the binary options industry. However, the industry has already surpassed that phrase.

The Times of Israel reported and exposed the fraudulent activities of binary options in 2017. According to that report,

“At its height, binary options were estimated to bring in $5 billion-$10 billion a year. Hundreds of firms have operated from Israel, employing thousands of Israelis and defrauding customers worldwide.”

Additionally, the country banned the practice and extended the deadline until 2017. All of this happened only as a result of strong laws and regulations.

The same happened with other countries like the United States, South Africa, Brazil, Australia, etc. After a strong lawsuit, most countries reduced restrictions or banned offshore brokers.

Binary Options Success Stories South Africa

Binary options is a very popular trading method in South Africa. Professional traders from South Africa believe in the importance of developing strong strategies.

On the other hand, instead of believing in luck, they focus more on learning innovative strategies and skills. Similarly, they do not have unrealistic expectations of the trading market.

We have found many successful binary traders while exploring the industry, but 90% of them are not willing to share their experience with the industry. However, we have managed to get a few experienced names and the finest South African traders.

Note that they are not dedicated to trading the binary market. Besides, these traders are the kings in name and fame for the overall SA trading industry.

In contrast, many people have already lost money because of greed. With no previous financial knowledge, they try to get the highest return without solid strategies. Pile up your trading plans, keep a cool head, analyze the market, and then hit the green or red button.

Successful Binary Traders In South Africa

Binary trading in South Africa has not been trending for a year. It is the most hyped and valuable market for traders. Moreover, through this article, you will know the names of young millionaires who have been ruling the market for a long time.

It’s time to get started.

George Van Der Riet:

A self-made millionaire, he’s one of South Africa’s biggest traders. In the beginning, he was a trader and later established his own training institution for traders. Moreover, his expertise pulled him up because he came from a financial background.

According to the information, George Van Der Riet’s net worth is approximately $20 million.

A Cape Town native became the richest man in South Africa with a passion for ruling the financial market.

Sandile Shezi:

At the age of 23, Sandile Shezi tastes the caramel of becoming a millionaire. He is another richest South African trader who owns a mansion on an exclusive private estate.

He was a humble dreamer who loved to play with charts. Slowly he made himself a guru who built a booming business empire.

Sandile comes from a non-financial background and has been recognized as one of the top young businesspeople in South Africa for the last five years.

Sandile Shezi’s net worth is R106.1 million as of 2022.

Sean Benjamin:

He is also a successful trader who became a millionaire at 21. He got his bachelor’s degree in technology and became a master trader. In one of his interviews, he positioned himself as a technical trader.

Moreover, we failed to get information regarding his net worth. However, he has a Forex academy to teach new traders how to trade well in the volatile market.

Kgoposto Mmutlana:

Kgoposto Mmutlana, a millionaire trader who came from an interesting sector. By profession, he is a singer along with a full-time Forex trader.

His LinkedIn profile shows people know him as DJ Coach Tsekeleke on social media platforms. Unfortunately, we also failed to list his net worth.

Is There Any Supervillain In Binary Trading Era?

After hearing the word “supervillain,” one name popped into my mind: Yossi Herzog. He is one of the biggest wolves in this industry who pulled hundreds of millions from the market by defrauding thousands of traders.

Team Herzog operated multiple trading groups in Australia. Everyone in the group scammed traders with lucrative schemes and made expert traders lose money.

The Age and Herald revealed that, during Herzog’s nearly 10-year stint doing business in Australia, ASIC twice investigated his schemes but failed to close them down.

See the entire report here.

Unfortunately, we are not clear about his presence anymore. According to the report, people found his footsteps in last June 2020 in Israel.

Is Success In Binary Trading Possible?

Every trader wonders how to become a millionaire without experiencing any negative consequences. But the real world will show you a mirror where you will find yourself as a completely different person.

A person with hundreds of heartfelt quotes. Yes, trading emotion is the biggest enemy of a trader. You can lose countless money if you do not learn how to control your emotions.

Besides emotions, other factors can also affect a trader’s journey.

Trading success with binary options is possible. Moreover, traders can earn over 90% if they follow these three steps:

Step 1: Understand the basics
Step 2: Find the right broker
Step 3: Develop the right strategy

However, you should also avoid a few things that we will learn in the next phase.

How To Become A Successful Binary Options Trader

The word “success” in trading completely depends on you. Traders typically believe that successful traders follow the quick-rich scheme. Unfortunately, nothing can make you rich if you don’t know how to read the market.

Expectations are good, but unrealistic expectations can lead to poverty.

Binary options trading is a popular trading method with the highest payout ratio. However, popularity doesn’t mitigate the risk of trading.

To become a successful options trader, you must follow a few tricks. Just to let you know, this is not financial advice. After researching the industry for years, we just compiled these basic tips. Moreover, you can also read an article where we outline the secret recipe for becoming an expert trader.

On the other hand, if you want to know how to win every trade, read this.

So, for now, let’s take a look at these tips to see how pro traders do it.

Make sure your money isn’t at risk when you trade
Make sure your decisions aren’t influenced by your emotions
Trades shouldn’t be impulsive
Trading doesn’t have to be complicated
Do your research before you trade

This is an Alert Binoption is not a financial adviser. So, do not take our words as financial advice.

Top 3 Common Trading Mistakes By Traders

There are some common mistakes that you make unconsciously. Traders of any age or experience group have made mistakes in their lives.

By avoiding the mistakes listed below, you can bring success to your trading life:

1. Over-trading:

Over-trading is a serious issue if you fail to control it. As a day trader, you can trade multiple times before the market closes. But that does not mean you have to make excessive trades to make up for your loss.

Set a risk-reward ratio with a solid plan and trade according to it.

2. Not doing enough market research:

Many of us who encourage people to trade with words make outrageous promises. On the other hand, it is the easiest form of trading, but that doesn’t mean you can trade without any trading knowledge. You must know how the market works and the most appropriate time to enter the market.

Otherwise, you will end up with zero.

3. Zero risk management:

Risk management is crucial to success. You should know how to manage risk without losing money. Remember, demo accounts can help you sharpen your skills. Open one and make your first trade without risking money.

What Is The Easiest Way To Become A Millionaire?

There is no easy way to become a millionaire. You should have a basic understanding of the market to start quickly. But slowly, to become a master, you need to know all the specific details about trading.

Can I Learn Binary Options Without Risking Funds?

Yes, definitely. You can learn binary options trading or options trading on a demo account without risking your funds. A demo trading account will give you an environment where you will find everything related to trading. The amount will be virtual, though.

Bottom Line

Hope this article will help you to understand the actual success stories of both binary options trading and traders. Since this is collective information, it can vary from trader to trader. Make sure you don’t take any tips as financial advice.

To become a millionaire like our mentioned traders, you need to grasp basic trading knowledge. Let’s try to become a master in it. Also, check our guide section to know more about binary options.

October 16, 2022May 23, 2023

How Binary Options Brokers Make Money?

How Binary Options Broker Makes Money?

If you have the same doubt about how binary options brokers make money, you are just in the right place.

We already know how brokers tie the market and traders together. But do you know how they squeeze the essence from traders?

Yes, there are many ways to do it!

In other forms of trading, like forex and stocks, brokers receive commissions to fill their pockets. However, binary options trading is entirely different from traditional trading. So, this article will illustrate the process with the necessary examples.

Let’s flip the page.

What Is Options Trading?

Binary trading is a game of probability. The more accurately you can predict market movement, the stronger your chance of winning the trade. Many of us just throw this into the gambling category. Well, partially, it is. But entirely not.

If you follow the strategy, the market will not disappoint you. On the other hand, the trading broker will let you know the return percentage before opening a trade.

Besides, binary options is the best fit for short-term traders. However, the fear of losing money leads people to make mistakes unconsciously.

Take time, breathe slowly, and deal with it.

What Is Trading Broker?

Is that what you’re picturing?

In a fancy suit with polished boots, a computer brain, and powerful words, a winning combination for a broker. But you can only dream of such a person, or it is only possible in movies.

Now the definition of a broker has been significantly reformed.

Generally, you will get an electronic platform with lots of tools and techniques known as a broker. By providing the dashboard, they illustrate market movement and help millions of traders fill their pockets or lose money.

How Binary Broker Makes Money? - Standard Methods

Generally, legitimate brokers do not pray for your bad days.

But you may wonder how brokers fill their hats without charging traders more. Usually, there are some standard methods that brokers follow to make money. However, they also mention those charges on their websites.

Deposit fees
Withdrawal fees
Over-night trading fees
Inactive fees

Not all brokers charge deposit and withdrawal fees. However, depending on your payment method, they charge a minimal fee.

On the other hand, to motivate traders, brokers require an inactive fee if your account is dormant for a long time.

Usually, this fee only applies to traders who trade Forex or CFDs with leverage. In options trading, there is no way to trade with leverage.

How Binary Options Brokers Make Money

The types of brokers you have learned before just need a pause. Because in this article, we will focus on two types of brokers, generally we called

Regulated brokers
Scam brokers

Those who are with proper trading regulation, broker makes money from

Trader’s prediction
Welcome bonus
Payout rate
Trader to Trader binary exchanges
Price discrepancies

Let’s take a look at how regulated binary brokers make money.

1. Trader's Prediction

To win at binary options, one needs to predict the proper market movement. And it is the game you need to play attentively. You will lose your capital if the trading chart moves differently.

That means a trader will lose money if his prediction turns out wrong.

Additionally, you won’t get any compensation for your losing trade.

If a trader makes a loss, the broker profits.
If a trader makes a profit, the broker loses.

2. Payout Ratio

The most common way brokers earn profits is when someone makes a correct prediction and wins a trade.

Do you know how they calculated the payout ratio?

Suppose you invest $500 in 60-second binary options on the EUR/USD forex pairs. The payout ratio is 95%, and if you predict correctly, you will get $975. Besides, if you miss the train, you’ll be empty-handed.

So,

The initial investment of $500 + $475 profit = $975

However, the payout ratio visible on the platform is not calculated based on the actual market price percentage. And this way, trusted options brokers make money without any scam move.

3. Trader To Trader Trading

It is another method that you can consider in a peer-to-peer trading environment. In this method, one trader trades against another trader instead of trading on the open market.

In this network, if one party predicts incorrectly, the other party will make money.

So, the broker will charge a fixed or variable percentage as a commission. So, the trading form is slightly different from the traditional trading method. However, no matter which trading form you apply, the broker will make money at the end of the day.

4. Welcome Bonus

You are all familiar with the term welcome bonus. It is one of the most appealing cursors to make an impression on traders. The fun part is that you won’t be able to withdraw the bonus amount.

On the other hand, you need to deposit a certain amount to get the bonus.

5. Price Discrepancies

You are probably dreaming if you think options trading asset prices are similar to the financial market.

Time to wake up, dude!

The binary options asset price is slightly higher than the market. As a result of the price discrepancy, the brokers fill their pockets with profit.

How Do Scam Brokers Make Money?

Meanwhile, scam brokers often create a puppy face to impress you with lucrative features. They promise you fake returns. Instead of helping traders, they focus on scamming them.

It’s nearly impossible to tell which broker cast the widest net for the biggest catch. Scam brokers usually come up with lucrative features and disappear. They create an environment that forces beginners to grasp everything in both hands.

Even they manipulate people with software that generates fake returns. You will return empty-handed, though initially, everyone can make money.

Lastly, they will lock your funds by making lame excuses.

And this is how they make money playing a cheap shot.

Conclusion

Each broker has different policies. Yet, most are regulated and try to maintain a transparent environment for traders. Check the rule book and the regulation page to find out whether the broker is regulated or not.

Knowing how your broker makes money is essential to figure out which one is the perfect platform for you.

On the other hand, making money or winning trades is highly possible with binary options. All you need to have is a clear head and a focused mind.

September 25, 2022January 18, 2023

Why Choose Deriv? – Top 6 Reasons To Consider Before Trade

Why Choose Deriv? - Top 6 Reasons To Consider Before Trade

What benefits you if you trade on the most reliable platform?

Someone will explain the features, and others will mention financial safety. The truth is, a trusted and regulated broker is always a smart choice with multiple advantages.

Deriv is the name of the trust. Millions of traders choose the platform without hesitation after its excellent move.

Here in this article, you will discover why you should choose Deriv as a binary options trading broker.

Why Choose Deriv?

Deriv is one of the leading options trading brokers globally. The broker has everything inside the platform that helps one trader to get the best result. You can learn if you are a new trader. And you can earn if you know how to close the deal.

Moreover, Deriv has multiple platforms. You can pick one that suits you.

What else should one expect?

Whatever that makes a trader happy will get here. Do you want to know more about those platforms? Please, read our complete Deriv broker review to know why practicing trading with this broker will give you no risk.

Now, it’s time to review the core features that make this platform a golden goose.

1. Licensed & Regulated

Deriv is a broker regulated by several entities. You will find precise information regarding the regulation on their website. Moreover, the broker strongly maintains the trading protocol.

2. Clients Money Protection

You can withdraw your money anytime, and Deriv doesn’t use it for business. You will find that all of your money is segregated and held in a secure financial institution.

Since your money was never merged with Deriv’s, in the unlikely event of this platform becoming insolvent, all your money will be refunded.

Keeping your account and personal information safe is their top priority. And that’s why Deriv offers SSL encryption. It will protect your account and personal information.

3. Risk Awareness & Management

Online trading won’t protect you from risks. It is no surprise that you will face tons of difficulties. In Deriv, you will get a demo account with a virtual amount. With a virtual amount, you will be able to trade with your favorite trading instruments without losing money.

Moreover, you can implement the strategy and test. On the other hand, you will also get the risk management feature if you are a multiplier trader.

Using these, you can reduce the potential financial damage from a disastrous trade.

Want to know more about the risk management features of Deriv? Learn more from here.

4. Dedicated Support Center

Deriv support is available 24/7 – even on weekends. You can even get a quick answer from their HELP center. Also, we have listed a few questions that you will find in this FAQ article on Deriv platform. These are the common questions asked by traders in different forums.

Hopefully, it will give new users a better idea of what the platform is all about.

5. Limited Deposit Amount

Deriv allows you to open a trade with a small amount. Moreover, you can trade from the most volatile pairs to the profitable coin without owning an underlying asset. And just $10.

The platform is open for trading.

6. Weekend Trading

Weekend trading is another benefit for traders who trade binary options. And Deriv offer unique features on weekends. Why Trade On The Weekend – Deriv Trading Platform – this article will provide you with the great and powerful reasons why weekend trading is right for you.

Conclusion

There is no doubt that you will come across very few brokers that offer widespread features for small investors. So, having a broker like Deriv is a blessing. Use the demo and learn about the platform. After complete anatomy, place your trade with confidence.

Don’t forget to remove the trading emotion to get the best result.

September 11, 2022January 29, 2023

Deriv Risk Management Features For Multipliers Trading

Multipliers Trading Risk Management Features-Binoption

Deriv Risk Management Features For Multipliers Trading

Deriv multipliers trading is one of the most compelling parts of this broker. Mainly, multipliers will increase your potential profit in two ways.

The first way is to increase your trading money. This allows you to make more money in a short amount of time. Second, you can get a better return on your investment. It will enable you to earn more money over time.

And in this blog article, we will explain how the risk management features on the deriv platform help you to trade with multipliers without any bitter experience.

So, for the tiniest truth about limiting risk, read till the end.

What Is The Deriv Risk Management Features

Trading risk management always refers to how traders reduce risk to increase potential returns. It doesn’t matter if you have a built-in feature or a solid strategy to mitigate losses; understanding your risks is the most significant thing.

Traders face a lot of risks when they trade. Platforms can be intuitive, but the risk is still there no matter what. But Deriv has some really awesome features that help you identify and monitor the risks associated with your trading activities. They can also help you responsibly manage those risks.

Let’s find out the branches.

Deriv Risk Management Features - Video Explanation

Deriv Top Features For Risk Management

When it comes to risk management, there are a lot of factors to consider. These include your investment goals, how much you’re willing to lose, and the market risks.

When you trade multipliers on the Deriv Broker, the last thing you need to select is the parameter after selecting the asset. Each parameter has a goal to cover your amount. Using these tools, you can reduce the potential financial damage from a disastrous trade.

These are:

Take Profit
Stop Loss
Deal Cancelation

Note that the automated stop-out portion is partially related to the stop loss parameter. That’s why we will include the term under the stop loss section. It will help you to understand how these terms are interrelated.

1. Take Profit:

When trading, it is important to understand the concept of a take profit. To secure profits, traders usually close their positions manually. Basically, the feature or parameter allows you to automate the process.

That means you don’t need to spend time sitting in front of a laptop to close the deal. This is designed to help you avoid losses if the market turns against you.

Just set the level that you are comfortable with when the market moves in your favor.

Once the amount is reached, your position will be closed, and your earnings will be deposited into your Deriv account.

2. Stop Loss:

This is precisely the opposite of take-profit. The feature lets you set exactly how much you are willing to risk. With this, you can protect your investment if the market goes down.

Whenever your loss equals or exceeds your stop loss amount, your trade will be closed automatically. When a trade goes against them, traders typically set a stop loss order below the current market price of the asset they are trading.

According to the trading scrapbook, the stop-out indicates when your net loss equals the stake. So, this term is partially related to stop loss. Whether you have a stop loss or not, we’ll close your position if the market moves against you and your loss exceeds the stop-out price.

Let’s say you open a trade with a stake of 10 USD. When your losses reach 10 USD, the automatic stop-out will close your trade. Alternatively, you can set a stop loss level of 5 USD if you want to minimize losses even further.

This amount will automatically close your trade when your loss hits it.

3. Deal Cancellation:

Have you ever faced this before?

It’s like giving a second thought to your existing trade while you’re in the middle of it. It happens with most traders. But woefully, not all trading types will let you do so.

With the deal cancellation feature, you will be able to cancel your existing deal within a specified timeframe. What’s even better is that traders don’t have to worry about stakes.

However, the timeframe will depend on the market and asset you are trading. Besides, Deriv charges a small fee for this service.

And it’s non-refundable.

Things To Keep In Mind When Trading Multipliers – Precautions

Well, the below part is crucial because you won’t get the same facilities from each asset class.

So, things you need to keep in mind when trading multipliers.

Deal cancellation isn’t available for Crash and Boom indices.
Can’t use both stop-loss and deal cancellation features simultaneously. Whenever the deal cancellation expires, you can set a stop loss on the open contract.
It’s not possible to use take profit and deal cancellation at the same time.
Deriv doesn’t allow canceling and closing at the same time.

Final Words

Congratulations, you have just finished reading the whole article on Deriv risk management features. Now you know how to support your profits without losing stakes. So, it’s time to start your demo trading with the Deriv platform.

The unlimited virtual amount with no trading risk. Just open a new tab or click the link below to get quick access to the demo platform.

May 24, 2022January 18, 2023

Difference Between CFD Trading Vs Options Trading On Deriv

Difference Between CFD Trading Vs Options Trading

Should I need to own an asset to complete the trading process?

The simple answer is no if you intend to trade CFDs and options. These two trading forms allow traders to speculate on the price movement of an asset without physically buying or owning it.

Additionally, you will need a small capital to open a trade. Count it as a blessing if you are a new trader. And in this blog, we will be explaining the difference between CFD trading vs options trading on Deriv and the advantages.

Difference Between CFD Trading Vs Options Trading

Though these two forms of trading are pretty similar, there are some key differences also. Let’s have a look at that.

1. The Way Of Trading:

In CFD trading, traders usually open a position based on the asset’s opening and closing price. Simply follow the market direction and open trade. Depending on how much the price will rise or fall, your potential trading gain and loss will determine.

Besides, options trading allows traders to predict the future asset price and open a position according to the prediction. If you think that the price will go up, press the “call” button and if you predict that the price will go down, press the “put: button.

To help you better understand how call and put options work, have a read of our “how to trade options trading” blog.

2. Usage Of Leverage:

CFD trading has a huge edge because of the leverage game. When you use leverage, you can hold a larger position that will provide more exposure to the market.

Only your stake is at risk in an options trade. If the market acts against your forecast, your losses are limited to your invested amount.

3. Trade Duration:

In CFD trading, you don’t need to sit in front of the trading window, neither you have an extra headache putting an expiry time. This trading form has no expiry timeframe, and you can keep your position open as long as you want.

However, the only thing you need to maintain is to keep the account alive with sufficient funds.

Options trading requires a particular timeframe starting from 60 secs to more.

4. Trading Outcome:

In options trading, you can see your potential gain before opening the position. So, it will help one trader a lot before researching the market.

On the other hand, you won’t know your potential gain or loss in a CFD trade until you close it.

Why Trade CFDs On Deriv?

Deriv protects you from the negative balance while trading CFDs. That means you can’t lose more than your account balance. Your trade will automatically be closed once you reach the stop-out level. Ultimately, the negative balance protection resets your balance to zero if it goes negative.

Note that the stop out level is when your trading account lacks inadequate funds to maintain open positions. The magic is due to the drop in margin; your worst-performing open trades are immediately closed.

We all know that CFD trading carries the highest risk with high volatility. One of the significant reasons for trading this form on Deriv is that you will get the highest protection again, losing your money because the platform offers risk management such as stop loss and take profit. And using these features, you can control the high volatility trade effectively.

Why Trade Options On Deriv?

Well, options trading on Deriv allows traders to save their investment. Here, your risk is limited to your stake amount. Ultimately you won’t lose more than your stake amount.

On the other hand, you will get a more comprehensive list of trading instruments. So, you can easily diversify your portfolio. Even more, you will get multiple types of options contracts with different conditions. Now, you can choose what meets your needs.

Which One Should I choose?

Honestly, it depends on what type of trader you are. If you believe in short term trading, the best option is Options. But if you want to stay out of day trading restrictions, CFD trading is the best suit for you.

No matter which trading type you choose, you need to build strong strategies. But, if you’d like to practice risk-free, a demo account could save you that’s pre-loaded with 10,000 USD virtual money.

Conclusion

So far, we have mentioned why Deriv is the best option for traders; both CFD and Options. So, now it’s your turn to select one form with the best advantages.

April 7, 2022April 10, 2022

Trading Scams – How To Spot & Avoid; Expert Advice

How To Avoid Trading Scam - Findings & Expert Advice

People tend to underestimate the frequency of trading scams. We all know how hard it is to find a platform that you can trust. Making money isn’t the only goal.; it’s about having the peace of mind that comes with knowing your broker will not screw you over.

At the same time, it’s crucial to learn the difference between real and fake trading hoaxes. And that’s why it’s so important to understand what kind of trading scams are out there.

Here are a few tips from us.

The Common Types Of Trading Scams

To start with, it is clear that trading scams are a severe issue. There are many types of trading scams that traders usually face. Mostly, it happens when a trader chooses an unregulated platform. Even beginners are often scammed by people who individually sell different tools for trading.

If you’re new to online trading or seriously thinking about starting it, you might be at risk of falling for a scam.

So, today we’ll go over some common types of scams that have helped thousands of traders save money.

Signal Seller Scams:

Have you heard of signal sellers before? It’s common to see them advertising on trading forums. Signal selling has existed for as long as there has been a financial market.

Moreover, it is still around today, and there are accurate services that can help you improve your trading performance. Unfortunately, they’re often mixed in with scams that prey on lazy people who don’t understand how trading works.

So, the scam is one of the most common in online trading. People selling signals claim that they can make you money immediately with guaranteed profits.

After you have paid the fee, they will disappear with your money or offer false signals where everyone profits but you. The key is sifting through all the illegitimate ones and learning how to identify them.

The Pump & Dump Scam:

The pump and dump is a scam that has always existed in the world of trading. It is an illegal act by a trader or group of traders. These two events happen simultaneously, but they’re both very different.

The name pretty much tells you everything you need to know: groups of people pump the value of certain assets into the chart and then dump them for huge profits.

It usually involves scammers spreading false news with hype or excitement to boost the value of certain assets. Scammers will sell their assets when this happens, leaving traders to deal with the crash.

On the other hand, pump and dump is one of the most common market manipulation types in the cryptocurrency market.

It’s important to recognize the signs of a pump and dump while it’s happening. So, you can avoid these markets as they are bound to crash at some point.

Other Types Of Scams:

Other types of online trading scams are facilitated by high yield investment programs, fictitious trading bots, and other schemes that promise traders significant returns in exchange for their money.

Trading with an automated trading bot is also a familiar term for amateur traders. But, many experts also use automated trading bots to make their lives more comfortable.

Choosing the right trading robot could result in a significant increase in your trading profits.

Identifying Legitimate Brokers

Today, the web is full of sites claiming to be the best binary options brokers and offering you the opportunity to make large profits by trading in options. Trusting all is not a good option.

Moreover, scammers will try to lure innocent or inexperienced people into their fraudulent schemes.

If you want to avoid having your money stolen by scammers, you must first check whether the broker has a proper license.

A genuine binary options broker will not operate without a license. And this shows that the site has been adequately tested and verified by the relevant authorities so as not to harm its users in any way.

If you come across an unlicensed site, it should raise alarm bells. It would be best if you were always sure to ask the right questions.

How does this work?
Can I afford to lose the money I invested in it?
Is it a legitimate product?
Useful or not
Are there hidden costs?
Is it worth the price they’re charging me for it?

You Should Keep Your Eye Out For Fake Reviews

Fake reviews can be found all over the internet, and it’s not always easy to tell if a review is fake.

The best way to spot a fake review is by reading between the lines. A too sugar-coated review could be written by someone looking to get another free treat. So, try to get responses from real traders or carefully follow the movements of others in different trading forums.

If there are any doubts further about whether or not a platform or product is legitimate, ask someone who understands these things for their opinion.

Also, if there are many positive reviews but some negative ones, too, then be wary of investing until more research into its legitimacy has been done first! Be especially careful when dealing with new brokers or trading tools.

Because they may not be around for very long, don’t spend your hard-earned cash on something that might disappear tomorrow!

Final Words

The overall article will help you to learn the common scams. However, there are also some other scams that one should face. But, people mostly have terrible experiences with two types of scams. One is withdrawal problems, and the other one is an automated bot.

Remember, a genuine trading broker or platform is always ready to answer your questions. Even more, you will find thousands of claps from different traders, whether they are beginners or experts.

So, take your steps carefully to avoid any trading scams.

March 31, 2022January 18, 2023

FAQ- Frequently Asked Question About Deriv Platform

FAQ Frequently Asked Questions About Deriv - Binoption

FAQ- Frequently Asked Questions About Deriv Platform; Know The Details

New traders frequently ask questions about Deriv platform to clear up their internal confusion. They primarily conduct searches and post queries in various trading forums and groups. Moreover, hundreds of emails have been received by our team regarding platform usage, trustworthiness, and a variety of other issues.

We think you should be aware of the fact that a lot of people don’t feel safe when they trade on the Deriv platform. Mainly because they don’t know what Deriv is. So, we have assembled this page to solve the problem and fill the demand. It serves as a robust repository of answers that will help you evaluate Deriv.

And the information contained herein will help answer multiple questions about how things work on the platform.

Frequently Asked Questions About Deriv

It’s completely understandable that everyone has their own fears, questions, and concerns regarding platforms. To avoid such issues, we have decided to create an FAQ article on our blog.

The article is for common yet relevant questions about Deriv.

It will definitely facilitate new users to gain insight into the platform without confusion. Also, it will quench the curiosity of advanced users as well.

The Deriv platform has been around since 1999; it’s not new, and it’s not going anywhere.

Platform And Account

Let’s look at some of the most common questions traders have about the Deriv platform and account verification:

1. Is Deriv Platform Regulated?

Yes, Deriv is a multi-regulatory holder. Mainly, it is a new platform that is actually a re-branding of Binary.com.

Binary (V) Ltd is licensed and regulated by the Vanuatu Financial Services Commission.
Binary (BVI) Ltd is licensed and regulated by the British Virgin Islands Financial Services Commission.
Labuan Financial Services Authority licensed and regulated Binary (FX) Ltd. to carry on a money-broking business.
Binary Investments (Europe) Ltd is regulated as a Category 3 Investment Services provider, by the Malta Financial Services Authority, under license number IS/70156.

2. Why Can't I Create An Account?

You need to fulfil certain criteria to open an account.

Clients have to be at least 18 years of age.
Clients cannot be residents of Belarus, Canada, Hong Kong, Israel, Jersey, Malaysia, Malta, Paraguay, Rwanda, UAE, USA, or a restricted country. These mentioned countries are identified by the Financial Action Task Force (FATF) as having strategic deficiencies.

3. How Can I Change My Account's Currency

Once you have made a deposit or created a DMT5 account, you can only change your currency by contacting Customer Support.

4. What Is A Dormant Fee?

A dormant fee is a charge applied to any account that has not made a transaction in the previous 12 months.

It’s not applicable if the client is under self-exclusion, either by their own choice or by the company’s decision.

5. How Much Is The Sign-Up Fee?

Well, there is no sign-up fee required to open an account. Opening an account is entirely free.

6. Do I Need To Verify My Account?

No, you do not need to verify your account unless required. If your account needs to be verified, the Deriv team will email you to start the process. Also, they will give you step-by-step instructions on how to submit your documents.

7. How Do I Get Verified On Deriv?

National ID card (for Personal identity verification)
Bank Statement (for address verification)
Holding ID documents with your face (selfie)

8. Can I Open Multiple Accounts?

No, you can’t open more than one account. The team reserves the right to block or withhold the funds and/or suspend or close the account without prior notice.

9. What Is The Verification Time-frame?

The verification process takes 1-3 business days to review documents. Deriv will inform you of the result via email once it’s done.

Deposit & Withdrawals

Trades have the utmost concern about deposits and withdrawals. As a result, we created this section to cover all the important & frequently asked questions about deriv platform’s deposit and withdrawal.

1. What Payment Methods Do They Support?

Deriv supports a variety of deposit and withdrawal options, including online banking, credit and debit cards, e-wallets, Fiat onramp, Deriv P2P, and cryptocurrencies.

2. What Is The Minimum Deposit & Withdrawal Amount?

The minimum deposit and withdrawal amounts are $5 using a bank wire transfer. Moreover, there are other payment methods available with different minimum amounts.

But there is no minimum amount for cryptocurrency deposits.

3. How Long Does It Take To Process?

Deriv aims to process your deposits and withdrawals within a business day (Monday through Friday, 9:00 am–5:00 pm GMT+8).

But, sometimes, the process takes a long time depending on your bank or money transfer service.

4. Can I Withdraw My Deposit Bonus?

Once you’ve made a 25-times-the-bonus-amount account turnover, you can withdraw the free bonus money.

5. How Do I Check My Pending Withdrawal On Deriv?

First, log in to your Deriv account and click on Cashier to check the status. Click on Withdrawal. An email will be sent to you asking you to confirm your withdrawal request.

Frequestly Asked Questions About Deriv - General Queries

As the trading community grows, so do the questions: Should I choose Deriv over my current trading platform? Is it safe?

That’s why we’ve taken the time to answer these questions.

1. Is Deriv A Good Trading Platform?

According to the trader’s review, Deriv is one of the best trading platforms. It is a trustworthy broker that’s regulated in multiple jurisdictions.

Even, the broker has a strong community that helps millions of traders by informing them how excellent and straightforward the platform is.

2. Is Deriv Accept USA Traders?

No, Deriv doesn’t accept USA traders.

3. Does Deriv Support Mobile App?

Yes, Deriv has a mobile app named Deriv GO. It is optimized for trading multipliers on the go: trade forex, synthetic indices, and cryptocurrencies to maximize potential profit while limiting risk.

Final Words

Deriv is the largest and most popular trading platform that offers multiple trading types. Its popularity is a never-ending process. On the other hand, it is a robust platform with sophisticated trading tools that can be applied to both experienced and amateur traders.

We are also happy to announce that the team is dedicated to ensuring that your trading experience is safe and seamless.

So, to enlighten you more, team Binoption designed the frequently asked questions about Deriv So, you are all welcome to open your account with the Deriv platform.

March 20, 2022January 23, 2023

Binarycent Registration Login And Verification Process

How To Register, Login, And Verify Account In Binarycent Broker Platform

We have received multiple requests to showcase the Binarycent registration login process. Binarycent is a popular binary trading broker and a beginner-friendly platform simultaneously. BinaryCent is a broker that specializes in binary options, forex, and CFD trading.

This broker provides up to 95% payouts with expiry times as short as 0 seconds. On the other hand, if you want to trade with just 10 cents, BinaryCent is the best place to do it.

If you want to reveal the truth about whether or not the trading broker is right for you, go ahead and read the binarycnt review. We have mentioned everything you need to know about this broker.

But in today’s blog post, we will guide you through how to register a valid account with binarycent. Also, will mention the verification process.

Binarycent 2023 - Video Explanation

Binarycent Registration Login - How To

The exciting part is that Binarycent won’t draw complicated lines for traders. Binarycent registration login on the platform is a simple process. Anyone can open an account without any help.

On the other hand, you have to submit authentic documents with valid information because the company will communicate with the client by using that information.

Similarly, as a client, you must guarantee that you are not less than 18 years and sane.

However, we believe that many traders are actually looking for genuine help. So, we decided to present this phrase with steps.

The first thing you need to do is to open the platform. You will find a “sign up” button in the right corner. Click the button to open a new window.

A small form will appear in the window. Insert or fill in the boxes with all the valid information, including your name, email address, and passwords.

You can enter the “promo code” if you have any. However, it’s an optional feature.

Mention the account currency and tick the boxes if you agree with their terms and conditions, including the risk statement.

Click the button “next” to complete the process.

Please double-check that all of your information is correct. Your account won’t be verified if you provide any incorrect information.

Binarycent Registration Login Process

Now, your account is ready for the next step. You can log into the account using the credentials. Fund your account according to the type. Here, the minimum deposit amount starts at $250.

Use a “promo code” to get 3 risk-free trades. We have given above.

Or close the popup and go to the trading screen; now, you can trade using a demo account.

A wide range of funding options are available. Choose the one that provides the greatest degree of flexibility. Except for Visa and Mastercard, Binarycent doesn’t charge a transfer fee.

However, a third-party fee may be applied.

How To Verify Binarycent Account

First, log into your account. You will find a “settings” option on the right corner of the trading dashboard. Click to open the list. From the given list, click “personal data.”

The dashboard will show you the recent status of your account. If it doesn’t come up right away, refresh or log out and log back in.

Now, follow the below steps carefully to finish the verification process.

1. Choose The ID Types

Take the solid background that helps you show your ID card properly. Check the lighting. Take a picture of both sides of your ID, front and back.

2. Document As Passport:

Please upload a copy of your passport in a complete layout, with borders visible. The upload file type can be PDF, PNG, JPG, JPEG, and a maximum size of 10 MB.

Then, click the “Sign the Agreement” button to sign and save it. It usually takes 1-2 working days to complete the verification.

3. Document As Personal ID:

Like the passport, please upload a copy of your personal ID in a complete layout, clearly visible borders. The upload file type can be PDF, PNG, JPG, JPEG, and a maximum size of 10 MB.

Moreover, upload the front side and backside of the Personal ID’s pictures and sign the agreement. It usually takes 1-2 working days to complete the verification.

4. Sign The Agreement

Take the solid background that helps you show your ID card properly. Check the lighting. Take a picture of both sides of your ID, front and back.

Sign the agreement to complete the first step. Make sure the signature is the same or similar to the signature on your ID.

Click the chat button at the bottom right corner. Click and request a private chat.

Keep this page open to allow the chat to message you back. If they say documents have not been uploaded:

Check to see if they uploaded anything.
Check to see if the pictures are clear.
Check to see if the signatures match.
Refresh or log out and log back in.
Reopen the private chat.

Lastly, type: “Hello, please verify my account.”

FAQ - Commonly Asked Questions

We have gathered some frequently asked questions by traders.

1. Is there any maintenance or registration fee?

No, to open an account you don’t have to pay any fee. Opening an account is completely FREE.

2. Is Binarycent accept third person credit card?

No, account balance funding using a third person credit card is prohibited.

3. Do I need to verify my account?

Yes, you need to complete the verification process to secure your account.

Final Words

Though the binarycent registration login process is hassle-free and straightforward, we tried to simplify it with images. Read the terms and conditions before opening a real account.

Again, follow the steps carefully to avoid any unavoidable cases.

February 28, 2022March 1, 2022

How Binary Trading Can Be Used As A Second Source Of Income

Binary options are some of the most effective ways to trade the markets today. Currently, binary options hold about 94% of all trades. Anyone who wishes to grow their assets through binary trading options should study the markets and tools they can use to trade with this investment tool as doing so opens up a world of opportunities.

What Are Binary Options?

Binary options are financial instruments with only two outcomes: value going up or down. It is a very clear cut proposition for day traders or anyone who has experienced day trading success. It has a lower risk compared to other trading opportunities.

Traders decide whether it is a yes or a no based on the market data. This makes it a straightforward financial asset to manage. This straightforwardness has attracted established traders and aspiring traders to their financial markets.

The key to success is simple: find the best binary options trading strategy and a binary trading platform that best suits you.

4 Benefits Of Binary Options

Let’s look at the reasons why binary options are a good investment.

1. Investing In Binary Options Doesn't Require A Huge Investment

Binary options require low deposit options, making them increasingly popular. There are binary trading platforms that you can open for as low as $5. A $1 investment can give you returns of up to 90% or $.90 for only a short amount of time.

However, if you have a much bigger investment, you can do that too. Try using a financial reporting software that can help you manage your finances.

2. Binary Options Offer A Fixed Return

Binary options are popular because you can project potential profit even before opening your trading position. You get this by calculating the percentage of the amount you invest in a trade.

Some platforms offer returns ranging from 60% to 95%. However, you should research binary trading app reviews to find the app most suitable for you.

The kind of assets you are trading and their volatility affect the returns that you will receive. The implication is that there is a chance for returns on a particular asset to change during the day.

With this, you can freely trade during sessions where your binary trading platform offers the highest returns. This assures you that even if you experience losses, you can still recover by improving your binary options trading strategy.

3. Trading options Is Relatively Easy To Learn

While some traders would say that options trading is hard, it is certainly not the case. Traders use the same charts, tools, and binary options trading strategies used by traders in different markets. By learning how to read charts and having an effective binary options trading strategy, you can succeed.

You can also choose to work with a binary options broker and a reliable binary trading platform by checking out binary trading app reviews.

4. You Can Earn Profit In As Little As 1 Minute

There are situations wherein you’ll have to wait until the underlying asset‘s price outgrows a predetermined strike price. Sometimes it takes seconds, minutes, days, or even weeks, but what is important is that your impatience does not lead to bad trading strategies.

While binary options are designed to make a profit in as little as 1 minute, you always have your binary options trading strategy.

Options are set to expire after a specified period. That is why you must know how to trade binary options successfully.

Remember that all you need to focus on is whether the price will be higher or lower than the strike price upon expiry. This is why a trusted binary trading platform is very important.

The Basics Of Trade Binary Options

Binary options trading means deciding which of the two outcomes would likely occur. For example, you can select a currency pair like EUR or USD and determine whether its value will go down or go up after some time.

If your binary options trading strategy is correct, you earn a profit, which will almost double your money. If your projection is wrong, you lose your money.

When you already have a reliable binary trading platform or binary trading app this 2022 and sound binary options trading strategy,here is how to trade binary options successfully.

1. Learn How Binary Trades Work

Binary options allow investors to determine whether an asset’s price will rise or fall in the future with a time span of as short as 60 seconds, enabling you to trade for as long as you wish across any global market.

You would know the amount you can gain if you speculate correctly before placing a trade through your binary trading platform. Often, the profit percentage ranges from 70% to 95%. The high-profit rate simplifies risk management

2. Get A Broker

To get started, you must have a regulated broker account or binary trading platform. To ensure that you choose a trustworthy broker, look for binary trading broker reviews, and you will see the latest binary trading platforms.

Since $10 billion worth gets stolen through fraudulent acts, it’s important to always find a legitimate and licensed broker.

Compare the features and offers of various brokers before committing to a specific broker. Choose a binary trading platform that offers incentives and has very low minimum deposits.

Remember that choosing an effective broker will help you experience success in binary options trading.

3. Trading Asset's List

Most brokers will give you offers based on popular assets such as top forex currency pairs, major stocks, and commodities like gold or oil. You can also trade individual stocks and equities. Some binary trading app reviews will give you an idea of a broker’s asset list.

The good thing is that each binary trading platform has a growing list of 100 popular stocks you can choose from. Every binary trading platform shows the asset list, and brokers avail the asset list on their website.

4. Check Your Expiry Times

The expiry time is when a trade is closed or settled. It can range from 30 seconds to a year. In its early years, binary options trading started with a short expiry, but it expanded as demand increased.

There are brokers that also allow investors to set their own specific expiry times, which affects the binary options trading strategies of traders.

5. Set Your Trading Budget

Everyone opens a binary trading platform and makes deposits that fit their budget to that account. But brokers will have a range of different accounts available. If you are a trader who is just starting, you can open a basic account from that binary trading platform.

This account allows you to try out binary options trading through modest stake levels. A basic account will also provide you with several trading opportunities and ways to make money. Your binary options trading strategies must match your budget to profit from your daily trade.

6. Set Up Your Trades

You can achieve the ability to set up trade by understanding terms such as strike price, settlement, and expiration date.

When a trade reaches its expiry time, the price action’s behavior determines if it is in profit or not. Price targets are also key levels that you can use as benchmarks to determine the outcome.

7. Monitor Your Profits

When logging onto a binary trading platform, look at all the available options. Choose your ideal opportunity and start trading. The amount you can make depends on the type of trade and how much money you place on that trade.

In short, your binary options trading strategy will determine how big your earnings will be. Your binary trading platform will show the percentage profits beside each trading opportunity.

If your trading opportunity has a potential profit of 81% and you place $100, you will receive $181 if you win. As such, $100 is your initial investment, and $81 is your trading profit.

Remember: High-Yield, High Risk

The basics of binary options trading can help anyone have more gains. But remember, these high-yield investments have a higher risk. Choosing the binary trading platform that best suits you can help you manage that risk better.

Take time to look at binary trading broker’s reviews. With better trading practices come better chances of higher yields.

February 20, 2022January 18, 2023

Losing Money On Deriv: 4 Possible Ways To Remember

Losing Money On Deriv: 4 Possible Ways To Remember

Any type of investment carries a high risk. And the risk is associated with a person who chooses the way of investment. As a result, anyone should count their steps carefully to avoid risks.

On the other hand, trading is also a part of the investment. Traders usually follow certain rules to achieve the bigger result. And in today’s article, we will enlist 4 possible ways of losing money.

Here, Deriv is a trading platform that offers options for trading on multiple instruments.

Losing Money On Deriv

Deriv is a popular trading platform that allows traders to trade with a minimum amount. Yes, the broker has introduced many profitable ways for traders. However, these benefits won’t help you to minimize your losses.

So, what are the basic things one can do to decrease the loss percentage?

There are many, and none of them are less important. In summary, here are four reasons why traders lose money.

Not Having A Clear Trading Strategy:

The strategy should be the first thing that you need to remember. Without it, you are likely to lose. In fact, you can consider it a necessity when a trader is involved. The great tactic included a powerful methodology, specific trading time, and tips on managing your capital.

Losing constantly probably means you didn’t spend enough time on your strategy. Could it even be that you don’t have one? By minimizing losses, we make sure that our methods are smooth.

Whenever we write about strategies, you will notice that we focus more on specifics. It is important to include specific instruments, specific capital management rules, and specific trading times in a trading strategy.

When you have a good strategy in place, you can take the initiative and lead the way. Otherwise, you might lose all your money and regret everything you’ve done.

It means all these together will create an effective and profitable trading strategy.

Emotional Instability:

Humans are inseparably linked to their emotions. Traders should not be surprised to feel fear when trading. However, the trader needs to be aware of and control the feelings.

If you fear making trading decisions all the time, patience is the key. Be calm when you trade, and follow the rules in your plan. A good plan can save you both time and money when you trade.

Even the best strategy can be ruined by emotions. Check the listed points that will help you to control the emotions.

Do not trade more than $100 per day on the real account. If you still feel like trading after making such a profit, turn off the real account and go to the practice account.
Do not open 1-minute trades.
Have a good strategy. Any decent strategy will work at Deriv.
Use a strategy that will protect your capital.

In this article we provide tips on how to be in control of your actions, not only while trading at Deriv but in your daily routines at home as well.

Having Insufficient Faith:

Please wake up if you still believe that professionals won’t lose money! Losing money when trading is normal. It’s best not to think about this too much.

Having an over-confident attitude is also another reason. Maybe, you have enough knowledge about the financial market. Still, you may lose money.

A person may know a lot, but a lack of confidence makes him an ineffective trader. Experience also counts. If you have a great strategy, you’ll need to practice it to be able to pull the trigger when market conditions are at their best.

Also, I want to point out that demo trading can be beneficial.

The Brokers Call:

We got enough stories about scam brokers. At the same time, you will find many brokers with a bad reputation. Some can lock your withdrawal, while others manipulate the prices.

Are you expecting the same experience with Deriv?

Actually not.

Deriv is regulated and also a trusted source of traders. Though losing money on deriv is possible. So, you need to follow the transactions to check the prices. You have the right to react if anything goes wrong or if you learn of some strange platform behavior.

Final Words

Stop performing like a blind. Profitable moves are difficult to take, but your loss percentage will reduce once you learn how to do so. And if the platform is Deriv, you will get tremendous support from the team.

So, do not rush. Take a slow breath and enjoy your first trade with Deriv.