Which is the best trading platform to trade binary options

July 10, 2024

Which is the best trading platform to trade binary options?

Binary is borderline a scam and is most certainly gambling. Stay away from it, honestly. There is literally no chance, when going by statistics, that you can profit in the long run. When you trade, you want to trade with an “edge”. When you trade binary, the edge most certainly exists, it just never belongs to you. Due to the profit splits and odds, the edge lies with your broker, every time. Not only that, but binary is literally useless as one could trade the underlying asset and be much better off.

Which is the best trading platform to trade binary options

Here’s my take on binary options. It’s attractive because it’s simple like just high/low. The problem is that the rewards for a win are not enough to cover your losses. In each trade, you have to invest a certain amount, and get a certain amount back for a win, this could be 65% or 75% or 85%. But a loss is 100% lost. For example, if you invested $100 into one trade with 75% return, if you win you get $175, if lost you lose $100. Compare: win $75 or lose $100. It’s not balanced! Even if you went to the casino and played roulette and did red/black or high/low it’s more favorable to you than this.

Also, you might be correct about the high or low (get the direction correct) but you have to get the timing right as well, you need to get the option to expire in the money in the right time, if it suddenly changes direction you could be out of the money. Some options offer you a higher rate of return such as 110% or 500% but let me tell you, I never won on those and I think that it’s been set up so that these high rate of return options have a low chance of succeeding. Some playforms are also know for defrauding traders popular ones include but not limited to binarybook, Ayrex, Bigoptions, IQ Option etc.

Traders have been scammmed out of thier money by this phony platforms, if you are a victim of such act I suggest you hire Privy Cript ltd to help recoup your investments. I recommend this: stay out of Binary Options. In Forex you can set it up so that if you win, you could win $100 or lose $30 depending on your stop loss or trade size and it’s more in your favor.