February 2020 Income & Binary IQ

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

February 2020 Income & Binary IQ

Introduction to the STARC Bands indicator The STARC Bands indicator – Stoller Average Range Channel Bands is an indicator created by Manning Stoller. It gives the signal to open buy or sell options. … [Read More. ] about A simple and effective digital options strategy with the STARC Bands indicator on IQ Option

IQ Option Fees and Commissions

If you are new to trading then I would like to introduce you to IQ Option. Unlike most brokers, IQ Option charges little to no commissions and fees. In fact, there are no hidden costs. Apart from … [Read More. ] about IQ Option Fees and Commissions

Guide for Trading Using the Morning Star Pattern on IQ Option

The morning star pattern is one of the best ways to identify the bottom of a downtrend. This makes it one of the most sought after patterns both by trend followers and price action … [Read More. ] about Guide for Trading Using the Morning Star Pattern on IQ Option

Help2pay: Best payment service in Philippines.

Help2pay is a new payment service now available on IQ Option. Help2pay targets traders in the Philippines by helping them to make fast transactions straight to their bank accounts. This service is so … [Read More. ] about Help2pay: Best payment service in Philippines.

Guide to effective Trading Using the SMA20 Indicator on IQ Option

The Simple Moving Average (SMA) is one of the popular and simple indicators you can use on IQ Option. This indicator follows the trend indicating good places to enter into trading positions. In … [Read More. ] about Guide to effective Trading Using the SMA20 Indicator on IQ Option

Guide to Becoming a Millionaire using Compounding and Making 20% Weekly Profit on IQ Option

What is your weekly profit target when trading on IQ Option? If you don’t have one, you should. Why? Having a weekly target has a positive psychological effect. You’ll enter into trades that you believe will bring you a step closer to this target. In addition, reaching this target means you can stop trading that week.

Now, did you know that making 20% weekly profit on IQ Option can turn you into a millionaire with an initial balance of $1000? And that’s within 1 year. This guide shows you how.

How to turn $1000 into over $1 million within a year trading on IQ Option

Every year has 52 weeks. When you subtract the non trading days, you should have around 50 weeks to trade. Using the concept of compounding and a weekly return of 20%, you can easily turn $1000 into over $1 million within 1 year.

Consider you initial balance of $1000 and the 20% weekly target ($200). That means you have 5 days to make $200 from the initial account balance. So at the beginning of week 2, your account balance should be $1200.

How to use compounding. Compounding simply involves reinvesting your profits back into your capital. So using your $1200 your goal should be making 20% of this amount ($240). Repeat this for 50 weeks and you’re sure to be a millionaire at the end of the year.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Comparing this strategy with Warren Buffet, the wealthiest investor of our time

If I were to ask you to name 5 wealthy traders, Warren Buffet will likely feature in your list. With a networth of around $82 billion, he’s one of the wealthiest men on the planet. But what’s more interesting is how he’s created his wealth. He actually started with $5000 at fourteen. Over 70 years later, this amount has grown to over $82 billion. If you consider this growth, you’ll see that he has a modest annual return of 25% to 26%.

This is higher than the 20% weekly return you can make on IQ Option and become a millionaire within 1 year.

Using the power of compounding to build wealth trading on IQ Option

Looking at the chart above, it’s clear that with 20% weekly returns and using compounding, becoming a millionaire in 1 year is possible.

One important lesson we learn from Warren Buffet is that using compounding and a relatively low percentage return, you can grow a small amount into millions or billions over time. But this doesn’t just magically happen especially when trading. One more lesson Warren Buffet teaches is to not lose the money you have. This is impossible when you’re trading on the IQ Option platform.
However, you’re ultimate goal is to make 20% of your opening account balance each week. So even though you do make some losses during the week, you should make sure that you’re closing account balance is 20% more than your opening balance.

Losses will always be part of trading. But using Mr. Buffet’s advise, we can simply put it this way. Never lose a single dollar of your account balance.

That is, your week should always close with your account balance bigger than it was at the beginning of the week. So you won’t need to strictly attempt to make 20% per week.

There will be weeks when your return is 2%. On others, you might find that the return is over 70%. Consistently making profits is the key to becoming a millionaire.

Trading vs investing

Warren Buffet created his wealth primarily as an investor. Trading is a completely different way to make money. Here you’re dealing with probability.

Unlike traditional buy and hold strategies which only make money if a stock’s value rises, trading options can make you money whether the prices go up or down. This means you can grow your wealth much faster as a digital options trader than if you are an investor.

Every trading strategy has its merits

One great thing about trading is that there is no specific trading strategy. You’ll come across dozens of strategies throughout your trading career. How you apply these strategies is what counts most if it’s going to make you money.

How I managed to make millions trading on IQ Option

Initially, I was a forex trader. I got caught up in the crypto craze and made good money trading cryptocurrencies. However, the crypto bubble was bound to burst so I got out. Today, I exclusively trade digital options. Each of the markets I’ve participated in has made me money. So I cannot say one market or strategy is better than the other.

The cryptocurrency bubble burst of 2020

The cryptocurrency bubble burst of 2020 makes a good case against the buy and hold investing strategy. Bitcoin’s value had risen to over $20000 over several months. Today, the value is under $4000. Consider investors who bought Bitcoin when valued at $10000 and still hold BTC hoping its value will rise again.

On the other hand, consider a cryptocurrency options trader. He doesn’t own any coins. However, he is constantly making money trading on specific coin’s price fluctuations. Whether crypto value rises or drops, the options trader will make money.

More about cryptocurrencies

Cryptos dropping in value gives you some way of getting at least a fraction of your initial investment. But consider cryptos which collapsed entirely.

Ifan and Pincoin cryptocurrencies collapsed

Traders who invested in Ifan and Pincoin lost their entire investment when these cryptos collapsed. Regrettably, people are still trying to invest in new cryptocurrencies hoping they’ll perform the same way as BTC and ETH did. I don’t see how this will happen any time soon.

My advise is to open an IQ Option trading account, start trading targeting 20% returns every week. Using compounding, you’ll eventually find that you’ve become a millionaire in less than 1 year.

Do you believe that $1000 can be turned into over $1 million in under 1 year with just 20% weekly return? I’d like to hear your views below.

The best of luck!

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IQ Option Review

IQ Option entered the binary options market in 2020 and immediately became a hit among traders. Their appearance enabled the whole industry to gain a lot of popularity, primarily because this broker offered access to binary options trading for next to nothing. This allowed many people to see what this type of trading is all about without ever having to invest any big amounts. Of course, had this been the only good feature about this broker, the company would never reach the status it enjoys today, and we are here to show you why IQ Option is one of the best choices you can make when selecting a broker.

Today, their offer far exceeds that. After examining the company thoroughly, our experts will share their impressions with you in this IQ Option Review, so sit back, relax and let us introduce you to this great broker.

Trading platform

We begin this IQ Option Review with something new and very exciting because if there’s one thing that is certain to attract a lot of attention, it’s this broker’s new platform. IQ Option 4.0 brings a truckload of innovations to the table, while retaining all the best and most important features.

This is the very first trading platform in the world based on WebGL technology, so you will be able to keep track of up to nine charts at the same time without having any troubles managing them.

Everything is perfectly designed and the platform’s functionality is absolutely superb. Loads of most popular tools and indicators are also available, with their selection being updated regularly, so you will have no trouble tracking an asset’s movements. Speaking of assets, there are more than 500 of them, and they are divided into stocks, commodities, currencies and indices.

As of February 2020, the platform has two very interesting and helpful features that will help traders react even quicker than usual. From this point on, every asset has its Asset profile. Just click the info button below the asset’s name when you’re on the platform and its profile will pop up to give you a short overview and inform you about the trading conditions in real time. The other feature is a detailed Market analysis which collects all the news from the financial market and sorts them in four categories. Therefore, you never have to leave IQ Option platform to browse the internet for the latest data. Everything will be just a click away.

To top everything off, the returns you can get here sometimes get as high as 100%. These are the highest returns in the industry! In addition to all that, the best financial agencies remain IQ Option’s data providers, so you can rest assured you’ll have the latest quotes at your disposal. Keep reading, this IQ Option Review still has a lot to cover.

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Download options

As is the case with all serious companies in this industry, IQ Option also has a way to provide you with a way to trade on the go. However, the thing that sets this app apart from most other similar products is the fact that it can be downloaded to pretty much any platform and operating system you can imagine.

We’ll start with what more experienced among you will already expect – IQ Option iOS and Android versions are readily available, meaning that you can head on over to Google Play or the App Store and download your app completely free of any charge. Your mobile device will therefore allow you to access all of the most important features of the company’s offer (low financial requirements, free demo, non-stop support etc), plus you will even have access to trading cryptocurrencies through CFDs.

IQ Option Trading Platform 4.0

But that’s not all. There are other versions of the app you can download, but these are primarily designed to be used on your desktop and laptop computers. Naturally, IQ Option Windows version is there fore you to enjoy, as is IQ Option Mac version, but Ubuntu users weren’t forgotten either. You can get these apps from the download page of the broker’s website and there you will also find the system requirements for each version of the app. Of course, all of this is free.

So, no matter what kind of device you have on you, you will be able to trade with this broker. IQ Option Mac, IQ Option iOS, IQ Option Windows and other great choices will help you stay in touch with the market. And there really is a lot to stay in touch with – the amount of assets is extremely impressive here. Read on and choose your target.

IQ Option Cryptocurrenies

In the last year or so, cryptocurrencies have become immensely popular with online traders. There are hundreds of coins you can invest in, and the market is extremely vibrant and exciting. IQ option cryptocurrencies are an excellent example of how in tune with the market this company is because they have gone all out on this right from day one. 17 different coins are available for trading, and all of them are the industry’s most popular assets. Each can be analysed quickly and thoroughly and bought with a single click.

But IQ Option cryptocurrency trading stands out from the crowd thanks to an important feature – multipliers. You see, with this kind of trading you can get x5 multiplier, which will effectively mean that all your profits (and losses) will be calculated as if you had invested five times more. In other words, even if you’re not investing a lot, with this multiplier your crypto investment can become absolutely huge. At the same time, you can also benefit from even the smallest market movements because they can be magnified significantly if you’re using a multiplier. But on top of all that, IQ option cryptocurrency section has another surprise for those of you who are interested in this type of investments. A really big surprise. So big, in fact, that it deserves a paragraph of its own in our IQ Option Review.

IQ Option Available Cryptocurrencies

IQ Option Hodly

IQ Option Hodly is the broker’s crypto wallet which allows you to store, but also buy and sell various cryptocurrencies. A product like this is not found very often when you’re examining what other brokers have to offer, so we can certainly give these guys points for originality in this case. Yes, you can buy and sell cryptos directly from your Hodly wallet, which is a huge advantage. This is done through an exchange which comes with the app, so you don’t have to worry about a thing. On top of that, all transfers between Hodly users are completely free.
Apart from this, we have to say that this wallet is very easy to use thanks to its excellent design. More importantly, though, it is also extremely safe to use because most of the funds are kept offline. In addition, your data will be protected by an encryption and a two-factor authentication system. Since IQ option is behind it, you can be sure Hodly adheres to all the standards a wallet of this kind should have implemented. Other interesting and helpful features are also present, but we will let you find some things out for yourself. You’ll be delighted when you do. But the bottom line is that crypto wallet is an excellent choice for both pros and beginners because o its usefulness and simplicity. Now that we’re done with the crypto part of this IQ Option Review, we can take a look at another very important type of trading that is offered to you here.

IQ Option CFDs

As time passed and the company kept developing, it soon became apparent that IQ Option CFDs have to be introduced. Today, this is one of the most popular modes of trading on the broker’s website. Everything you need is here: loads of assets you can use this type of trading on, stop and loss orders you can set in order to manage your trades more efficiently when you’re not in front of your computer and plenty of tools to help you predict market movements accurately.

Since we’re on the subject of stop and loss orders, we would like to draw your attention to a very useful tool, which helps a lot with IQ Option CFDs, but potentially with other forms of trading too. The platform on this website comes with the autoclose feature which allow you to automatically exit a trade once a certain amount is reached. The feature works on the basis of percentages, so you will need to determine how big of a percentage loss you can stomach or how big a profit you want to take. Of course, you can potentially miss out on some great profits this way because the price may continue going your way even after the autoclose feature does its job, but on the other hand it’s great for preventing significant losses.

But back to IQ Option CFDs. The main financial requirements remain the same, only you never have to worry about expiration times here. As long as the market is heading your way, you will profit with IQ Option CFDs. Stocks, forex and crypto are the main types of assets you can use CFDs on, but there were some innovations in that regard on this website, and we will talk about them in just a minute. What we have to say first is that you can expect leverage here in full accordance with the rules of the European Union, which is another excellent example of how careful this broker is that everything is done by the book. In addition, it is also very easy to acquire information about the asset you want to invest on while on this website, which is another big plus here. But if you want to trade on this website, you will need to open an account. Here’s what you need to know about that.

Accounts

The next part of our IQ Option Review will deal with the broker’s account types. Apart from a completely free IQ Option Demo Account which doesn’t even require a deposit from you, there are two more possibilities for you to choose from – Real and VIP account types. Both of them are extremely well equipped and they offer some very interesting features, too.

IQ Option Demo Account

The VIP account offers some additional useful features such as monthly analysis or a personal manager. You will notice we haven’t yet mentioned the minimum amounts needed to start trading with this broker in this IQ Option Review and that’s because we have a separate paragraph for it. Read on, it’s just below.

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Financial requirements

Financial requirements are what propelled this broker to the top this industry and our IQ Option Review would be seriously lacking if we didn’t mention them. In fact, our regular readers will know that we declared this company to be the Best Binary Broker in 2020 in this particular category.

So what’s so special about IQ Option? Well, your minimum deposit requirement is only $10, for starters, and you won’t find better deals anywhere else on the market. With these ten dollars, you can open a Real account and enjoy all the benefits it has to offer. Furthermore, the minimum trade is set at only $1 (for binary and digital options), $20 for forex and CFD positions and $30 for fx options, but you can invest up to $5000, which provides you with complete control of your account funds. Again, you won’t find a better deal anywhere else. Want to make a withdrawal? You only need two dollars in your account for that!

Finally, we should mention that the the total amount of deposits should exceed $3000 if you want a VIP account, which is, once again, way below anything other brokers have to offer when it comes to their top-tier account. But it’s not just the low requirements that make this broker so attractive – high payouts are pretty important, too. As a matter of fact, payouts of up to 91% in case of correct prediction are among the highest in the industry, so you really can’t go wrong with this broker. ( November 2020 update: – There are some assets at the moment where IQ Option is offering 100% return on investment). With this topic out of the way, we still have some things left to discuss in this IQ Option Review, so stick with us just a bit more.

IQ Option Deposit

IQ Option deposit methods and safety

If we want this to be a good IQ Option Review, we have to analyze how safe transferring money to and from your account actually is. First of all, we have to say that this is a CySEC regulated broker, meaning the company fulfills all the necessary requirements of the EU. Numerous prizes also prove that IQ Option takes their clients’ safety very seriously.

When it comes IQ Option Deposit Methods, you get to choose between bank wire transfers, Visa, Maestro and MasterCard credit cards and several online transfer methods such as Webmoney, Skrill, Neteller and much more. Everything this broker has to offer is designed to make this type of trading as accessible as possible, so all you have to do is find the winning IQ Option Pattern.

Recently, however, more good new appeared concerning IQ Option payment methods. You now have more options than ever before because the broker has added AdvCash to the list, which is a method pretty much all countries can use, even Brasil and China. Furthermore, TrustPay is now available for traders from the Czech Republic and Slovakia, Przelewy24 for Poland, MyBank for Italy, Trustly for Germany, Entercash for Austria and Germany, and Giropay also for Germany. Therefore, you really can complain anymore about IQ Option payment methods one bit.

But probably the biggest win in this respect the company has achieved is introducing IQ Option PayPal deposit. It took them a while, but even PayPal could not resist partnering up with an illustrious broker like this. When it comes to online transactions, you can’t do any better, so think of this partnership as the ultimate proof of IQ Option’s quality and reliability.

IQ Option Bitcoin deposits are an also an option, which has to be mentioned in this IQ Option Review, too! However, the process is a bit more elaborate here because you will have to have a Cubits account to make this work. From your Cubits account, you will be able to easily transfer your funds to your trading account. The great thing about IQ option Bitcoin deposits is the fact that through Cubits you can actually pay in fiat currencies and then exchange that for BTC. Your funds should be visible in your account balance as soon as Cubits verifies the transaction. But this is just the beginning of new features that have been added here recently. IQ Option Review has more!

IQ Option Deposit

New and unique features

Don’t think that new IQ Option features boil down to adding a new indicator every now and again (they actually do that very often and quite regularly, so you will always be on top of things). Oh no, things are much more serious than that.

Traders will love the fact that a whole bunch of currency pairs were added to the offer recently, so now you can invest in about 40 new pairs which contain some pretty exotic things like MXN or TRY, for example. On top of that, some new CFDs have also become available, but these focus on commodities. That boosts the number of IQ Option CFD options by quite a bit. Finally, cryptocurrency traders have something to look forward too, since Bitcoin x100 has been made available, as well. More casual crypto traders will be able to mage larger moves this way.

Apart from new trading assets, new IQ Option features that can help you get the right piece of information at the right time have also been added. Not too long ago, new IQ Option indicators were added to the list. KDJ, Ichimoku Cloud, Belkhayate Timing and DPO are now there to help you. They are excellent to have around when you’re looking for trends, but Belkhayate Timing is actually an oscillator, so you can get an idea when you should enter or exit a trade. Definitely, these new IQ Option indicators prove that the company is very careful when if comes to providing the latest features to its clients.

But that’s just the beginning. The broker’s Smart Newsfeed can also help out a lot. Now you don’t have to waste valuable time checking various sources for the latest market news. With Smart Newsfeed, everything you need to know will pop up if you click the market Analysis button when logged in. After that, you will see the condensed version of the most important news , and then you can take it from there. The thing is, depending on what your interests are, you will get the relevant news from that field. Ingenious, right?

A new IQ option feature has appeared in the chart section, as well. More experienced traders among you will definitely want to check out Heikin-Ashi. It’s a new type of candlestick charts, but with a twist – it can easily serve as a trading indicator due to the way its main four points are calculated. With just a little bit of practice, you could gain a powerful tool in predicting future movements. Just check the Chart Type part of the platform and choose Heikin-Ashi. It’s as simple as that.

Consider this: all these features have been added in the last couple of months or so. Therefore, you can clearly see that the company is working day and night to make sure their offer is always up to date. But we have just scratched the surface here. IQ Option Review brings you more amazing features.

Investing in options with IQ Option

IQ Option as name was carefully chosen for this company. They started out as a binary options broker, but now they offer two more types of options – digital and the aforementioned FX options. You probably know already how binary options work: simply choose an asset and try to predict whether its price goes up or down. You can also set your expiration date to be anywhere from 60 seconds after opening your trade to the end of the month.

IQ Option digital options are a bit different. Here, you choose the strike price yourself (i.e. the point an asset’s price has to reach). If that point is reached, and depending on how much it is surpassed, you can get returns for your investments of up to 900%! Another difference is that you can only trade in intervals which last between one and five minutes, so you have to be quick to act. Exciting, isn’t it? However, we have to point out that due to strict EU regulations, both IQ Option digital option and binary options are available to professionals only.

Fortunately, if your’re a casual trader, there is no reason to worry. Just a few weeks ago the broker introduced their new fx options, a unique product perfectly aligned with the latest ESMA regulations. FX options come with more freedom and choices to manage your trades however you see fit even before they reach their expiry time. Surely, forex traders will love this. So, digital, binary and FX options, the choice is yours with this broker.

IQ Option Review – Conclusion

Without any doubt, IQ Option is among the very best brokers in the world, and we hope this IQ Option Review explains why. Clever business policy and its flawless execution attracted tens of thousands of traders to this company. With minimum investments, you can really see what binary options trading is all about and you will be extremely well protected every step of the way. A great new platform will also help you have a perfect trading experience, plus you can download the broker’s app in several different versions. But you don’t even have to spend any money if you just want to check things out here – simply open a demo account see what the broker has to offer that way. However, in that case you’ll be missing out on all the thrills all types of online trading can provide, thrills which are certainly worth a dollar or two. So open an account with IQ Option today if you want a complete trading experience.

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

DISCLAIMER: Binary options are prohibited in EEA.

Indian Traders Guide

If you’re into trading binary options, then India doesn’t disappoint. Like many parts of the globe, the popularity of binary trading has experienced massive growth over the last decade. Since the financial crisis of 2008 binary trading has been used as a way to make an income in a manner that is straight forward and for the most part enjoyable.

In many countries, binary trading is still not regulated, and there is some confusion as to whether this type of trading is legal or not. There is a difference, however between illegal and unregulated and most brokers will accept traders from pretty much everywhere as there are no rules that prevent them from doing so.

It is worth taking time to investigate the regulations and rules around trading in your particular country and to do your research when it comes to investing your money. Luckily that’s where we come in, we review and recommend the cream of the crop so that you can rest assured that the broker you choose is going to provide the best possible service.

In this article, you will learn:

    The brokers best suited to your needs What local payment methods are accepted Taxes and fees that apply to IN residents

Traders in India

With India seen as a prime growth economy, with growing manufacturing and service industries, online trading has become a welcome choice to many residents who view this as a viable way to make a profit or earn an income. With Indian assets being more widely available on the many broker platforms and the increased use of smartphones, Indian binary options trading is now more accessible than ever.

Unfortunately, due to the lack of recognition and regulation of binary options in India, by the government, it is hard for Indian companies to enter the market place, so many top brokers tend to be European based, for example, IQ Option or Olymp Trade. So how do you choose the best broker for your trading needs?

Licensing And Regulation

Choosing an offshore broker is fine as long as they are licensed and regulated. As many tend to be European, you should be looking for CySEC, FCA or MiFID licensing and regulation. This way you will feel more comfortable about investing your money.

Top Range of Assets

If you have particular assets or currency pairs that you want to trade in, you need to make sure that the broker offers these assets. Some only provide a handful, unless you open a premium account, and some offer hundreds. Make sure they offer those that you want to trade in and those that you might want to trade in when you have more experience.

The Greatest Payouts

We say reasonable because often payouts that seem too good to be true can be. Look out for an average of between 70-85%. Don’t settle for too low and don’t get enticed by payouts that are too high, unless they are related to a VIP account.

Good Customer Support

One of the things that may be of concern using an offshore broker is what happens if something goes wrong. What if you have a question or need help with an issue? Look at the customer support options that they offer. Good brokers have customer support advisors that will be able to help you via live chat, telephone or email.

There is one thing lacking when it comes to trading options, and that is the language barrier. While the average binary options broker offers their site in a variety of different languages from Spanish to Arabic, there are not many that provide the chance to trade in Bengali or Hindi. Despite this, it doesn’t appear to have deterred traders, and more and more trading platforms are translating their trading software to get an edge in the Indian market.

Trader Broker Asset Profit

Broker Fees And Tax

Having had much focus on the profits from binary trading, India last year introduced a government crackdown on black money. Offshore bank accounts were the target of this new action, and there was a 90-day compliance window from 1st July to 30th September 2020 for people to declare their earnings and pay the relevant tax due. Much the same as Russia, the Indian government is keen to stop this outflow of money from the country.

With regards to the tax due on binary option trading, like any other income, it is profit and liable to the laws in your country. Binary brokers have no duty to declare the earnings on your behalf, so it is up to the individual to report it as part of staying legal in India.

Besides having to pay Indian taxes on profits the only other fees to consider are those for making deposits and withdrawals. If you are depositing and withdrawing in a foreign currency, then you will be subjected to the usual currency conversion fees. Also when using a credit card or web wallet, there may be fees per transaction.

Consider whether it is cheaper to make fewer transactions of a higher amount rather than making lots of small actions. If your payment facility charges a fixed amount per transaction as opposed to a percentage, then it is a good idea to make a small number of withdrawals and deposits.

Indian Licencing

When looking at the legalities of binary options, India is a hotly debated topic. Is it illegal to trade binary options in India? The short answer is “No” it is not illegal to trade online. However, it isn’t regulated, and this is where the discrepancies and confusion lie. There is a big difference between unregulated and unlicensed. With no SEBI licensed Indian brokers, it would seem that the prevailing trend is to obtain European licensing.

Many binary options brokers are very keen to obtain CySEC licensing. CySEC is the Cyprus Securities and Exchange Commission and is the best license to have that is recognised worldwide. The majority of reputable brokers become licensed and registered in Europe via this method. The best trading platform in india, IQ Option or Olymp Trade, both have this form of investment licence.

With the lack of licensed SEBI brokers, one can safely assume that there are no locally based companies, at least none that you would want to risk with investing your money. You are much better off looking through our list of recommended licensed brokers to ensure that you are going to be trading via a trusted and reputable company.

Don’t be lured in by offers that seem too good to be true by brokers claiming to be legitimate Indian brokers. While the prospect of using an Indian broker is very appealing, you will probably find that the experience is not all you hoped it would be in the long term.

If you’re into trading binary options, then India doesn’t disappoint.

How we Recommend Brokers

It doesn’t matter if we’re reviewing brokers from the world over, say Thailand or even Brazil, how we rate and review India binary options brokers is no different in one country to another. As most of the best out there are European brokers, what we’re looking for is what they offer to each particular user. Our criteria include the language options for your specific geolocation.

With some countries like China and India having several different languages or regional dialects, not everyone will be happy, but it tends to be the more widely used languages that are recognised. Hindi and Bengali are specific languages we look for, and we are considering them amongst other criteria when recommending particular brokers.

We focus heavily on the main relevant features to find the best broker in India, including:

    Licensing and regulation within India How long a broker has been trading, and it’s reputation Ease of use of the platform and whether they offer mobile trading What customer support they provide and is it any good Payouts and trade types offered on the platform Bonuses, incentives and whether the broker allows a demo account

Our team spend hours, weeks even months researching the various binary option brokers to ensure that they only bring you the best that the market has to offer.

And we don’t stop there. We are continually updating our information to ensure that everything is up to date and relevant at any time. If you look at all the top brokers available and feel confused, then our reviews and recommendations will help you to at least build up a carefully considered choice.

Frequently Asked Questions

Is binary trading in India legal and safe?

It is perfectly legal to trade in India. Although there are no licensed Indian brokers at present, brokers from outside India can offer their services to people wishing to trade there.

Do I need to pay fees and taxes on my profits?

Every country has tax laws, India is no exception. If you make money from trading, this money is subject to the tax rules of the country. It is up to you to declare your earnings.

Can I test brokers before trading with real money?

Many brokers offer a demo account to allow first time traders to practise with dummy funds before risking real money trading. Another opportunity to trade without risk is to take advantage of a welcome bonus.

Is it easy to make deposits and withdrawals?

Making deposits and withdrawals to a trading account is straight forward. Binary option brokers accept most popular methods of payment. Withdrawals can take around 3-5 days from the moment requested.

Can I trade using my mobile or tablet device?

You will find that most brokers have an easy to use, intuitive mobile offering that is either a version of their website or an app that is available to download from either Play Store or App Store.

Shelly is proud of her current position as Head of Brand for a well-known organisation that owns several brokerages in the trading sector. She’s consulted for us since 2020 and readers can benefit from her insider knowledge of how brokers work.

German Traders Guide

As one of the leading economies in Europe and one of the world’s most significant financial powers, Germany was one of the first countries to adopt binary options trading. Due to their commitment to their financial industry, they heavily regulate the financial markets. Any broker offering financial services to residents of Germany has to be licensed.

It is because of this position as a strong economy that there is an abundance of binary brokers either based in Germany or abroad. Having so much choice, and being able to trade binary options freely, means that your trading experience should be straight forward and enjoyable. It’s easy to trade with whom you want and when you want.

With so many brokers to choose from the difficulty can come with knowing which one to open an account with. At this point, there are several factors to consider. To help you decide on a binary options broker in Germany, we bring you our shortlist of the safest, most reliable brokers to trade with.

In this article, you will learn:

    The brokers best suited to your needs What local payment methods are accepted Taxes and fees that apply to DE residents

Traders in Germany

TThere are many benefits to using a local German binary options broker. First, they will have an address in Germany. Knowing where a broker is based will often make you feel more comfortable and secure about them. They will also be licensed and regulated by the regulatory body that governs financial activity in Germany. In addition to this you need to ensure that they offer the following:

A Strong Trading Platform

The platform needs to be reliable, easy to use and intuitive. You must be able to navigate around it directly and to be able to place trades quickly and efficiently. If you are looking to trade on the move, you must ensure that the platform either has a mobile app or a mobile-friendly website.

Welcome Bonuses And Deals

To encourage you to open an account, many brokers offer welcome bonuses and other incentives to get you to trade, and to keep you trading. These are often really useful to the new trader especially when it comes to no deposit welcome bonuses. These can be used to trade on the platform and get used to it before you risk your funds.

Licensing And Regulation

As Germany has such strong stipulations when it comes to allowing brokers to solicit your business, the advertised brokers will be regulated. You are looking for the BaFIN and MiFID licensing logo on the broker website. Trading with a licensed and regulated broker carries far less risk than trading with one who isn’t.

Demo Accounts

In addition to offering no deposit bonuses, most binary options companies have a demo platform for new traders who want to try out the platform without risking their funds. It is designed to allow you to get familiar with trading in virtual conditions, with virtual funds. If you plan to trade on multiple devices like mobile and a laptop you can use the demo account to get used to the trading conditions on both.

There are also many reliable, international brokers based in other countries that offer everything you could need and, as Germany allows offshore traders to solicit business from German residents, you are free to trade with who you choose.

Trader Broker Asset Profit

Broker Fees And Tax

In Germany, you are expected to pay taxes on worldwide earnings. That means whether you trade with a local broker or a foreign broker, you will be liable to pay income tax on profits. Income tax rates in Germany range from 14% to 45% depending on the level of income that you earn. If you are making more than €8,821, then you will be subject to this tax.

There are many taxes in Germany to be aware of and penalties for not declaring and paying the right amount. Make sure that you offset your losses against your income. Keeping an accurate record of your trading will help you to be able to submit an accurate self-assessment when required.

In addition to this, you need to consider the fees charged by your broker. Costs will get deducted from your earnings after every successful trade. These fees will differ depending on the broker you are trading with but will be relatively similar. Costs that you are likely to incur are:

    Fees charged by the broker for successful trades Withdrawal fees for making a withdrawal of funds from your account Currency conversion fees for converting USD to EUR for example Card transaction fees for trading overseas (if you trade with an offshore broker) Electronic wallet fees. Paypal will charge a percentage for accepting money into your account

Make sure to factor in all of these fees and try to minimise them where possible. Every time you make a withdrawal, you will get charged, so it is worth making less frequent, higher volume withdrawals than many small ones. Check the fees that your bank or credit card might charge for currency conversion if using an offshore broker.

German Licencing

Brokers must be licensed and regulated to conduct binary options trading in Germany. The Federal Financial Supervisory Authority or BaFIN, as it is known, oversees the regulation of the whole financial industry in Germany. They are responsible for all financial institutions from banks and investment firms to Forex and binary options traders.

In addition to this all brokers, both local and offshore, must be MiFID licensed. Germany allows its residents to trade freely in financial markets like Forex and binary options while keeping a watchful eye over proceedings.

In fact, due to the expectations of BaFIN and MiFID, you will only find reliable brokers as the legal requirements do put some off. The threat of prosecution for any malpractice or misappropriation of client funds is enough of a deterrent for even some of the reliable brokers who don’t want the red tape that they would need to incur to be able to market their services to German residents. The regulations work heavily in your favour as a trader as you are less likely to encounter the brokers that operate illegally.

There are many benefits to using a local German binary options broker.

How we Recommend Brokers

Quite simply, our job is to recommend the most relevant and reliable brokers to you. We research and test every broker, carrying out a full review of their services before we recommend them to you. When we rate a broker, we are looking at how they perform in some categories.

Do they have an easy to use, mobile friendly platform? How good is their customer service? In addition to this, we are looking at demo accounts, bonuses and deals, the payouts that they offer for successful trades and whether they are licensed and regulated.

Our experts test out the various brokers, scoring them on the multiple criteria before presenting the information in a comprehensive and detailed review. This information is then shared with you to help you to decide who’s platform to use. Our research will save you hours and hours trawling the web, researching all of this for yourself and instead presents you with a shortlist to select your favourite. Then all you have to do is open an account and start trading.

Frequently Asked Questions

Is binary trading in Germany legal and safe?

Yes, binary options trading in Germany is both legal and safe if you choose the right broker. There are strict licensing requirements that mean that you are unlikely to encounter any problems.

Do I need to pay fees and taxes on my profits?

Yes, German tax laws mean that you have to pay taxes on earnings above €8,821. Income tax levels start at 14% and rise to 45%. Remember though that you only pay tax on the profits.

Can I test brokers before trading with real money?

Yes, as long as they have a demo account or they offer a no deposit, welcome bonus. The demo account only lets you trade on the virtual platform with virtual funds, but it enables you to get acquainted with the site.

Is it easy to make deposits and withdrawals?

Making withdrawals and deposits is straightforward. Once you make a deposit your funds are available immediately. Making a withdrawal can take between three to five working days.

Can I trade using my mobile or tablet device?

As long as the broker has an excellent mobile platform or app, then yes, you can trade using a mobile device. You will be able to get a good feel for the website from having a look around and visiting a few pages.

Shelly is proud of her current position as Head of Brand for a well-known organisation that owns several brokerages in the trading sector. She’s consulted for us since 2020 and readers can benefit from her insider knowledge of how brokers work.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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