Binary trading websites kenya

Kenya. Kenya may not necessarily ring a bell, but it is actually one of the fast growing emerging market economies in Africa. Kenya has made giant strides in the financial technology space in Africa and beyond, powered heavily by mobile payments giant, M-Pesa. Kenya has the distinction of having a 97% financial inclusion rate, which makes it one of the most advanced countries in Africa in that regard. How have binary options brokers been able to tap into this market? What are the attitudes and practices of Kenyan binary options traders? Kenya does not have a locally-based binary options broker. Kenyan binary options traders ply their trade with offshore brokers. Most financial market investment within Kenya is done with the local stock exchange and government instruments such as Treasury Bills. In Kenya, the financial markets are governed by the Capital Markets Act. This law also put the power of financial market regulation and supervision with the Capital Markets Authority (CMA). In 2016, the Capital Markets Authority decided to respond to the growing trend of forex trading in the country. A study by the Standard Investment Bank of revealed that more than 50,000 Kenyans were participating in forex trading with offshore brokers.

The CMA responded by setting a new set of guidelines under a proposed amendment to the Capital Markets Act, seeking to regulate the conduct of forex trading in the country. However, the CMA was silent on binary options and has remained so till date. The implication of this silence by the CMA is that that binary options trading in Kenya remains an unregulated industry, leaving locals to trade with offshore companies that offer this product. TOP BROKERS IN KENYA. Currency Pairs & Spread. The Kenyan Shilling is not a traded currency on the global financial markets. As users of platforms of offshore brokers, Kenyans are exposed to trading several major, minor and exotic currency pairs. Without local binary options brokers in Kenya, Kenyan traders are forced to trade currency assets that they are not ordinarily familiar with. However, Kenyans will find it easier to trade commodities such as copper and gold, as these are assets that are found regionally in East Africa and nearby South Africa. It is expected that Kenyan traders would be more familiar with the fundamentals of these commodity assets and be able to trade them on offshore platforms. Kenyan binary options traders usually trade binary options on the platforms of binary options brokers located in Cyprus and other jurisdictions such as Belize, St. Vincent & Grenadines, Mauritius and Seychelles.

These binary options brokers offer their clients turnkey platforms that have been developed by companies such as SpotOption, Tech Financials, O-Systems, Tradologic and Hello Binary. Kenyan traders will be given binary options bonuses by brokers located in areas where they are still valid. However, changes to the regulation regarding the issuance of bonuses by have been a game changer, as traders will not be given bonuses by Cypriot binary options brokers. Deposit and Withdrawal Options. Kenya has an advanced fintech industry which has promoted financial inclusion. Most of this has been powered by M-Pesa, a company which provides mobile payment and digital wallet services to Kenyans, including Kenyan binary options traders. With this in mind, how do Kenyan binary options traders transact on the platforms of offshore brokers? Cards: Kenyan traders have access to cards issued by MasterCard and VISA. However, the use of these cards is not universally available to binary options traders in Kenya. Kenyan traders must therefore check with the binary options brokers where they maintain accounts to see if this option is available. Kenyan binary options traders can conduct bank wires from domiciliary accounts. This is a method that is available to binary options traders in Kenya on all binary options platforms. Digital wallets such as Skrill, Neteller and M-Pesa are also available to Kenyan binary options traders. M-Pesa is the local mobile payment solution which handles more transactions within Kenya than Western Union handles worldwide.

It is possible to withdraw funds with Skrill using the account currency (US Dollars, Euros, British Pounds), and receive the payment in Kenyan Shillings. Legality & Regulations. What are the legal considerations and regulatory conditions attached to the conduct of the brokerage and trading of binary options in the Kenya? Binary options in Kenya are presently not regulated, as they were omitted in the draft proposal to amend the Capital Markets Act. Trading of binary options is not restricted by the financial authorities in Kenya. Therefore, Kenyans an open accounts and trade with offshore binary options brokers. It is presently unclear if there are any financial controls instituted by the Kenyan Central Bank with regards to overseas remittances. Here are the frequently asked questions that most people have about trading binary options in Kenya. Answer: The trading of binary options is presently not prohibited in Kenya, making it legal to do so in Kenya. Is it safe to trade binary options in Kenya?

Answer: The tendency to use bonuses among Kenyan binary options traders is an issue, as many Kenyan traders open accounts with unregulated entities offering bonuses. The issuance of bonuses as opposed to regulation seems to be the main selection criteria among traders in Kenya. While it is safe to trade binary options in Kenya, this is only the case when regulated binary options brokers are used. As a Kenyan citizen, am I allowed to trade binary options with offshore brokers? Answer: Kenyan traders can trade with offshore binary options brokers. This is because there are no laws guiding the conduct of binary options in Kenya, which is not the case with the forex market where the CMA has come out to lay clear-cut rules and regulations. How does M-Pesa support deposits and withdrawals in Kenya with regards to binary options? Answer: M-Pesa has been integrated into Skrill. Therefore, it is now possible to deposit with, and withdraw Kenyan Shillings from your binary options broker using M-Pesa, routing this transaction through the Skrill payment system. Are Kenyan binary options traders allowed to use digital wallets?

Answer: Kenyan binary options traders are allowed to deposit and withdraw funds using Skrill, Neteller, Payza and a host of other digital wallets. A popular local digital wallet is M-Pesa. Is it possible for binary options traders in Kenya to transact on binary options platforms using PayPal? Answer: PayPal does not support top binary options brokers except those in the US, Australia and UK. These are areas where there is no access for Kenyan binary options traders. Therefore, Kenyan binary options traders cannot use PayPal in depositing or withdrawing funds on their platforms. Best Binary Options Brokers in Kenya. With the absence of binary options brokers in Kenya, Kenyan traders are left with no other choice than to trade with offshore brokers, some of whom are based in Cyprus, Seychelles and Mauritius. The top binary options brokers in Kenya are as follows: It is obvious that binary options trading in Kenya is still at the rudimentary stage. Without any regulations or laws governing binary options trading in Kenya, local traders are left with no choice than to patronize offshore brokers. Kenya has a large youthful and tech savvy population. Nearly everyone in Kenya owns a mobile phone. There is a huge potential in terms of expansion of the binary options market in Kenya.

It is left to see if any offshore brokers will take up the opportunity to open shop in Kenya. The presence of a well-managed and widely distributed payment system such as M-Pesa will definitely boost binary options brokerage business in Kenya. NOTICE. BinaryTrading. org has financial relationships with some of the products and services mentioned on this website, and may be compensated if consumers choose to click on our content and purchase or sign up for the service. – U. S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to BuySell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC rule 4.41 – hypothetical or simulated performance results have certain limitations. unlike an actual performance record, simulated results do not represent actual trading. also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. no representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Please note: All content on this website is based on our writers and editors experiences and are not meant to accuse any broker with illegal matters. The words Scam, blacklist, fraud, hoax, sucks, etc are used because all content on this website is written in a fictional, entertainment, satirical and exaggerated format and are therefore sometimes disconnected from reality. All readers must personally judge all content and brokers on their own merits. Additionally, visitors comments are not moderated other than the obvious link spam. People lie.

Use your discernment. DISCLAIMER: Trading binary options is extremely risky and you can lose your entire investment. Only deposit and trade with money you can afford to lose. Always refer to local laws, jurisdictions and authorities before performing any action on the internet. The content on this website is NOT financial advice and by use of this site you agree to hold us 100% harmless for any loss. Binary Options in Kenya. Binary options trading is a good way to trade on the financial markets. Kenyans can now speculate on any asset price movements by trading binary options through a regulated international broker. Here we will explain how you can take advantage of binary options trading. What are binary options?

Binary options in Kenya. The best brokers. Professional trading strategies. Trade on autopilot. Reap the rewards. What are binary options? Binary options are derivative financial instruments that allow traders to bet on the direction of the market movements. They are called "binary" because they have only two outcomes. The basic form of binary options are the "Call" and "Put" options. A trader will buy a "Call" option when he believes the market will move up, and a "Put" option when he estimates the market will move down. The option expires after a predetermined time frame (it can be anything from 60 seconds to one week, but the most traded options have a time frame of 30 minutes or one hour). If the price of the asset increases, those who bought "Call" options will receive a payout of about 185% of the option price, resulting in a profit of 85%. To easier understand how binary options work, I will give you a simple example: A trader buys a "Call" option on the price of Brent Crude Oil when the price of Oil is 45.00 USD per barrel with a payout of 185%.

He pays 100 USD for the option with an expiration of one hour. After 60 minutes, when the option expires, the price of Crude Oil has climbed to 45.25 USD per barrel (an increase of only 25 cents). Since our trader bought a "Call" option and made the correct prediction that the price of oil will increase, he will receive the option's payout which is 185 USD. In only one hour, our trader received 185 USD for the option he bought with 100 USD, resulting in a profit of 85 dollars. Not bad! As you already noticed, a binary option has several parameters: Option type - CALL or PUT (also known as UP or DOWN) Asset - it can be anything from currency pairs (EURUSD or USDJPY) to Oil, Gold or the price of Google shares. Strike price - the price of the asset at the time the option is bought. Option payout - how much the option will pay in case of a successful trade (it usually varies between 180% and 185%) Option price - the amount of money paid for the option (the trader can set this value according to his trading capital - binary options can be bought from as low as 20 dollars) Expiration - how much time before the option expires (it can be 60 seconds, 15 minutes, 30 minutes, one hour, 4 hours or more) Binary options traders can customize their options by choosing the option type, the asset and the expiration. While all this may still sound complicated, you'll see that the platform is user friendly. Binary options in Kenya. Trading binary options from Kenya is very accessible, as all major brokers accept Kenyan traders. You only need to register an account with a binary options broker (which takes no more than five minutes) and deposit funds into your account. If you are depositing using a debit or a credit card you will have your account funded and ready to trade in just a few minutes. There are no binary options brokers located in Kenya, but fortunately for us all the major international brokers accept Kenyan clients.

While there are many binary options brokers on the internet, we recommend the following brokers as they have the best reputation and are very quick when it comes to withdrawing your money: Country: Seychelles, Cyprus. Minimum Deposit: 1 USD. Minimum Deposit: 250 USD. Country: St. Vincent & The Grenadines. Minimum Deposit: 50 USD. Trading binary options on autopilot. If you think predicting the market moves is difficult, there is still a way of trading binary options with success. Some experienced traders have developed computer algorithms that generate trading signals based on statistical indicators (this is known as technical analysis or algorithm trading). Those signals are then sent to the broker's trading platform and converted into real trades automatically, as the algorithm (also known as binary options robot) buys Call and Put options according to its trading method and calculations. There are two such robots available to the public for free: Automated Binary and Option Robot. Another advanced system for automated trading is Traders Buddy. This platform is based on the concept of crowd intelligence where people can automatically copy trades from one another and you can follow successful traders and replicate their actions. If you think trading by yourself is difficult, you should really check the above mentioned systems and see if they provide the desired results. Risk warning: Trading binary options involves risk and may not be suitable for everyone.

By trading binary options it is possible to lose your entire investment. Do not trade with money you cannot afford to lose. More people taking to Online stock trading in Kenya. The automation of multiple platforms at the Nairobi Securities Exchange(NSE) is making it possible for market savvy investors in Kenya to trade shares directly from an online trading platform such as top binary options brokers without having to engage a stockbroker. Additionally, the online platform gives clients real time access to transactional statements, portfolio valuation contract notes and order status tracking. According to the Standard, automation of these platforms links the bourse to back office systems at the office of the stockbrokers as well as the Central Depository and Settlement Corporation ( CDSC). “One has to be one of our clients to use the platform. After opening an account with us as well as another at the CDSC, we do the usual know-your-customer procedures, issue a user name and password and then one can sign in and begin to trade,” said Mr Nkoregamba Mwebesa, the CEO at SBG Securities Limited, a member of the Standard Bank Group of South Africa. “This system is mainly for those who know what they are doing and have enough exposure to the market. We, however, provide tutorials for those finding it difficult to navigate the platform,” said Mr Mwebesa. This can of trading can be found from this binary options trading website if you are from Nigeria binaryoptions.

ng. “One can create their own portfolio based on the financial reports we offer as well as media reports from both local and foreign publications.” He added that the NSE has had a history of complaints over the conduct of stockbrokers, especially after the collapse of Francis Thuo and Nyaga stockbrokers, which went down with investors’ cash. With the online platform you can also control and decide on the price of a stock and quantity in real time in addition it is also secure to trade as unauthorized trading is restricted. The online platform is mostly preferred by the younger generation of investors who are able to take advantage of the convenience of the Internet and commissions are negotiable depending on the size of one’s portfolio. Top 10 Binary Options Brokers : List of best trading Brokers Websites. Below you will find out listing of the top 10 Binary Options broker sites, to ensure you find one that suits your exact needs you will find listed their available markets, minimum and maximum trading limits plus the minimum deposit amounts you can make into each respective site. We have also got in-depth reviews on several of our featured Binary Options Brokers so please do have a good look around our website. Do you want to learn to how to trade binary options , or looking to find out how binary options trading works . Then follow the link above to find the answers to the questions you may have. Binary Options Trading in Kenya. Trading binary options is for years now an attractive and lucrative type of online investment, widespread among many people around the world.

In Africa, binary trading is especially popular, such as South Africa, but also Kenya and several other countries, such as Nigeria and Zimbabwe. This binary guide will provide more detailed information regarding most popular binary brokers in Kenya, can Kenyan traders trade on binary software and are there option to invest in binary options with the help of signal providers. Binary Options Kenya. Initially, binary industry appeared in laite 2008 in the USA and quickly spread on different continents by providing trading platforms on which traders in Kenya will be able to trade with numerous underlying assets. However, our Kenyan readers should know first what binary options are and how we define them. Trading binary options is an online trading alternative which has two options, yes or no and is based on fixed payout and expiry time. It all comes down to the fact that traders need to determine will and asset price rise or fall in a specific time frame which is set in advance. Traders are able to trade with different underlying asset, such as stocks, commodities, currencies and indices. Also, trade options and times of expiry are required to complete a trade, whereas each broker has its own list of available assets and trading features. Experience trading with IQ option! Concerning trade options, Kenyan traders can choose between trading on 60 Seconds, HighLow, Ladder Options, Pairs, One Touch and many more.

Regarding expiry times, they have on disposal a wide range of short term and long term time frames, such as 60 seconds, 2 min, 5 min, 15 min, 30 min up to a day, week, month or even 150 days. In binary options trading, risk is involved since this trading type is done online and trades are executed based on current market trends. However, as one of the main benefits of such binary options popularity is the fact traders know potential risk in advance, even before a trade is made. This means how potential money gain or money loss can be known in the initial stage. Binary trading process in Kenya can be done entirely online, where traders only need internet connectivity to be able to place trades and earn money accordingly. Binary Options Features – Trading in Kenya. For binary options success to be possible, there are several elements which should work simultaneously such as available trading tools and features available on particular broker’s platform. High returns are definitely one of the reasons why many traders from Kenya find binary trading to a suitable option to invest their money. This industry seems also attractive to beginner traders who have opportunity to experience online trading, practice and possibly make money in the process. Features such as demo account, different trading instruments such as option to limit daily trades and ability to trade binary options on the go, thanks to mobile app, are all popular ways of how to achieve better trading results. Demo account is especially appreciated feature among novice traders who lack financial knowledge such as expert traders possess, and with practicing on demo, they can test the platform and have better performance in risk free environment. By this we mean how Kenyan traders don’t need to invest actual money but instead they are provided with virtual funds.

Traders who are very busy and don’t have time to trade binaries solely on computers, are able to use mobile application and have a more simple way of trading when they are on the move. These apps are designed is a simple way to be efficient and easy to use. With most brokers, app is connected with Apple and Android systems where Kenyans have option to use it on their tablets and smartphones. How to Choose a Top Binary Options Broker? Selecting a right binary broker should be traders’ initial step when planning to invest in binary options. Nowadays, there are a lot of binary brokers who are available on Kenyan market and traders should wisely choose the one to trade with in order to avoid any possible scam. As a novice trader, choosing a broker who offer demo account might be a good idea to start with, among other segments on the trading platform. Traders should also check carefully broker reviews listed on our site to find a detailed explanation of what particular platform has to offer. Each broker has its own trading characteristics and offer different tools as well as number of trading account and minimum deposit requirements. Usually, average industry minimum deposit is $250, while some brokers such as IQ Option who offer deposit of just $10. When Kenyan traders check a specific platform, they should read terms and conditions as well as find information about withdrawal procedure since this element is one of the main ones in terms of successful binary trading process. If a broker has good and responsive customer support, it is one more thumbs up for traders who can see how this broker is serious and has very good support agents who can provide fast and accurate trading info. Alternative Way of Trading with Binary Robots. If Kenyan traders are new to binary options trading or simply don’t want to spend too much time trading, they can try out option to connect with binary trading software or robots. There are couple of them on African market these days, and some of the most reputable ones are Binary Options Robot and Fintech Limited.

What these binary robots deliver to traders in Kenya is an option to adjust the settings and let the software to place a trade on their behalf. As one of the useful features we discovered lately is that on Binary Options Robot software, traders are able to activate Auto Trade Approval – a tool that enables full control over trading portfolio so that traders are able to accept or decline received trading signal. Are Binary Options Legit in Kenya? What we learnt from our reviews regarding Kenyan regulatory authorities and binary options, is that it seems there are no prohibitions on binary options. There is Capital Markets Authority financial watchdog which is responsible for monitoring and supervision of stock exchange and other market activities. Therefore, binary options trading seems as a legal online trading industry which is available on Kenyan market to interested traders. There are plenty of binary brokers, such as IQ Option, AnyOption, StockPair etc who offer trading platforms to Kenyan traders and conduct a legit binary trading business. When traders register with them in few steps, they’ll get access to the platform and after they deposit, traders can invest in different underlying assets in order to maximize profit. To become a pro trader, reputable binary brokers provide a selection of useful education materials, such as video tutorials, guides, trading basics 101, webinars, ebook, glossary and many more. These edu materials can be used to enhance trading knowledge and have better understanding of how does binary options trading in Kenya works and can traders earn money during binary trading journey. Best Binary Trading Sites 2017 – and the Rest.

Maybe you’re still learning about trading, or perhaps you feel ready to take your first step into the trading market as a beginner. We’ve researched the binary options trading market extensively to help make your task of choosing a platform simpler. As you may have heard, trading with binary options is one way to get into the markets with minimal trading experience but with the real possibility of ending up with some great returns. Of course, before you can begin trading, you will need to find the best binary option broker for you. There are a LOT of brokers in the giant binary options trading industry. Naturally, a single broker cannot necessarily be said to be outright “the best” one versus another. However, we do our utmost here to review all aspects of the best binary options sites to help you decide. Our site’s role is to act as a guide in this sometimes overwhelming task of yours. By following these helpful tips and recommendations, you’re just a click away from the best binary trading brokers. So, let’s get started. Recommended Trading Platform. Top Binary Options Broker. What is trading with binary options? Before moving to the particular part of our research for the best binary options brokers, it is a good idea to make a quick revision of your binary options knowledge and to be more specific – of the binary options trading activity.

To understand trading with binary options you should know, at first, what binary options are. In general, a binary option is a class of an option where the payoff comes with only two final possible results. The first result is the fixed amount of money of the asset you have chosen, while the other one (the negative or the loss) is nothing at all. As you can see trading with binaries is different from trading on regular Forex markets, like the top forex brokers are different than the binary options ones, where in most cases some continuous range of payoff might appear. Trading with binary options is usually quick and simple, which makes this way of trading extremely interesting and quite suitable for beginners. Moreover – binary options trading results in comparatively speedy payouts, while the risk may be quite low. The fact that you either win, or don’t win anything means that trading with binary options can be considered as child’s play. However, do not underestimate the necessity of proper prediction, constant following of the latest news from the market and the analytical skills, because binary options trading still requires you to think and consider, rather than to gamble. Best Binary Options Brokers. What are binary options brokers? When it comes to best binary options trading sites, looking at the essence of what the binary options brokers actually provide is a must. Like all things in life, one always needs to research a topic before being able to compare apples with apples. In brief, binary options brokers are ordinary brokerages which either solely provide features for binary options trading, or include different ways of trading – including binaries. However, it would also be accurate to say that when it comes to the best binary options trading sites, they are usually entirely geared to binaries without dealing with other markets (e. g. Forex) at all.

You should be aware that binary options brokers are also brokerage firms that are in most cases operated and owned by large financial services providers or companies. Their size and reputation provides the feeling of assurance to their users and you would rightly expect these aspects to appeal to people looking to join binary options brokers. We strongly recommend that you follow our guide in order to give your trading experience the highest levels of security and safety. How to select the best binary options brokers? If you think that we will list for you a single binary options broker that is considered the best binary options site, don’t. The truth is that the large number of websites and the good trading environments that most of them offer makes it impossible to name one particular best binary trading site. Moreover – as you know different traders prefer different things. If you are a beginner in trading with binaries, features like user-friendly interface and reliability are the top things you are looking for, but others – more advanced traders – will probably try to look for good bonus systems or even intuitive platforms. But since we are here to help you in improving in trading with binaries and in finding the best binary trading sites, we cannot just pass you by without giving you some hints. What we are about to do is to show you how to select the best binary options brokers. Such a task won’t be difficult at all, if you follow our advice.

To find out the most beneficial platforms for trading with binaries, make sure the binary options brokers you review or take under consideration have the following (or at least most of them) features: Outstanding reputation. They say reputation is everything, and when it comes to business with binary options trading sites the same thing applies. If a broker is mentioned by the critical institutions that are involved in the financial field, then it is probably worth checking. However, such formal recommendations aren’t the only sources for binary options brokers with a good reputation. Different forums, where the trading community gathers, can give you some directions in finding the best binary options brokers, too. Alternatively, some binary options trading sites have a section on their official page with feedback from their users. Last, but not least, there are many rating websites that exist to compare the different brokers, as well. Excellent reliability. Until you actually start using them, you cannot be 100% sure that certain binary options brokers are reliable although, there are a few features that might lead you to the conclusion that these websites for trading with binaries are actually reliable. In most cases, reliability consists of two main things. First of all, it is mandatory for one of the best binary option brokers to be officially licensed by the national authority from the country it is based in. Second of all, a reliable broker for binary options trading is supposed to provide protection, not provide a scam. The protection covers both – personal data and financial transactions – and many of the binary options brokers today are even double protected.

Such an example is any of the binary options brokers that are based in the European Union. In this example the platform is regulated by the national financial services regulation body and by the EU as an additional controlling body. Other Brokers ( Warning: Unverified ) Functional customer support services. A website without customer support representatives becomes non-functional at all. And binary options brokers are not just websites, but platforms, where money is in constant use. This means that the customer support services are mandatory and the best binary options brokers offer them 247 and in multiple languages. Most of the websites these days cover the entire day, however, as to the availability of different languages, it is generally provided by the brokerage firms that operate among the entire international market by covering larger and more diverse audience. The ability to reach the customer support representatives via several communication methods – for example, phone calls, emails, fax, live chat and etc – additionally provides you confidence while being in the trading arena. The platform is a thing that makes ordinary binary options brokers either one of the best binary options trading sites or one of the completely bad sites that will not bring you anything, but nerves and a bad mood. Make sure that the software a broker uses is easy enough to learn, so that you will not lose any time studying how it works. The intuitive feature is also very important, because once you become more advanced, good organization of your binary options trading activity will be considered as a plus for you. And last, but not least, the best binary options brokers provide platforms with various features and useful conveniences. We cannot list all of them, but the more they are the better and the easier it will become for you trade.

Attractive bonus system. There`s an unwritten rule among the trading audience, and according to this all of the best binary options sites have the most attractive bonus types. It is logical that good bonuses are really great, but this concept is definitely not something that many of the most advanced traders will agree with. Wondering why? Well, the answer is actually simple. The thing is that many newly established or not so popular yet (and scams, too) binary options brokers usually need a method to attract more customers. The beneficial and intriguing bonus system appears to be a great tool to get a traders attention by any means. However, not all of these binary options brokers are as reliable and good as their bonus system is. So what we are trying to tell you is that in case you come upon unbelievably huge bonuses offered by a binary options broker, don’t fall for the trap to immediately sign up for it. There`s no guarantee that the rest of the broker features are ok. Still, binary options brokers bonuses remain one of our favourite parts of trading. Additional conveniences. Speaking of bonuses and their correlation to the rest of the features of the best binary options trading sites, it’s important to mention some conveniences that you should look for too. Features like an education centre for beginners in trading with binaries, as well as extras like personal account managers or possibilities to trade with dozens of assets are also quite important. And if they appear on the website you are a member of, then be assured that you are a customer at one of the best binary options brokers. Where to find the best binary options broker? Our ultimate guide for the best binary options trading sites continues with some practical ideas and tips you can use in order to find the best binary options trading sites.

Review them to see if they could help you for your research. Become aware of what you are looking for – Different traders look for different things in a broker for binary options trading. For example, if you are a beginner, then you might prefer a simpler platform with an intuitive interface and maybe, a good education centre to help conduct your method with expert tips for advancing in binary options trading. Though, on the other side, if you search for certain binary options – one touch binary options, 60 second options etc – then, your research filter changes. Undertake your own research – Start your own research for the best binary options brokers. It`s not hard or tough and usually it does not even take too much time. Since you already know what you are looking for – the best binary options trading sites with particular option types and features – use them as keywords and insert them in your browser search engine. The results provided will definitely have some of the best binary options brokers! Recommendations are always preferable – Having recommendations for the best binary options brokers is also a useful alternative you can take advantage of. You can be recommended by a friend of yours, who has been on the binary options trading market for longer and who can be aware of the most suitable website for a beginner. This recommendation will come with the advantages of a particular platform, saving you some research.

Read our helpful reviews – Binary options brokers reviews are many and you can come upon them in forums for trading communities and for informative websites – like ours. Feel free to read our helpful reviews that will point you the pros of each reviewed website (at the end of the article review). Considering these pros, you can determine if you have finally discovered the best binary options trading sites. Test a few binary options brokers – And finally, there`s one more alternative for you to find the most reliable and promising binary options brokers. Even though a little bit risky, you should try this method, too, because after all getting used to taking risk is a part of your trading job, as well. What we recommend you do is test several binary options platform. Make a list of your favorites that might be the next best binary options brokers. Begin with the first titles and see if you can find the most profitable among them. Attention – avoid investing a lot of money until you can make sure that the binary options broker is really your type of platform. How to compare the best binary options brokers? Last, but not least, when you are done with your list of the best binary options trading sites, you will need to compare them.

Being a member of too many websites for trading at once is not a very good idea – especially if you are a beginner – so it’s better to continue filtering your list of top binary trading favorites. Consider the next features as the keys for your comparison process of the desired brokers you want to visit and become a member of: Minimum deposit amount – This is the minimum amount of money you are obliged to invest in order to start trading on a certain binary options trading site. If it is too high for you, keep searching for another, more budget-friendly option! Assets – The more assets a broker offers the better and the bigger its chance to be one of the best binary options brokers. The standard amount of assets is usually above 30, so try to avoid platforms that have only 10-15 assets only, because they will limit your activity. Acceptance of particular traders – Some brokers have the policy not to accept certain traders according to their current residences. In most cases these users are either USA, or Canadian-based citizens. However, this is only the general rule and there are many other countries that might be excluded from the list of customer types in binary options brokers. Always read this information before considering making a registration on a trading platform. Maximum trading amount – Remember, you are still a beginner and your first investments – both, the deposit and trade amounts – will probably not be high enough to reach this limit.

However, consider the future – your future growth is a sign of smart trading. Who knows, maybe you will become skilful in trading with binaries very soon! Don’t hesitate to use our useful tips to discover the best binary trading brokers. We wish you the best of luck. Best Binary Options Brokers. Best Education Broker. Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved. Top Binary Options Brokers. Welcome to BinaryTradingSites. com. As our domain name suggests, we recommend binary options brokers based on your needs as a trader. We combine our years of expertise with the binary options industry to make our content straight forward and to the point. If you are ready to take the plunge into the wild world of binary options trading then our biggest piece of advice is to pick from one of the few brokers below.

Why? Because so many scams exist in this industry that without getting this 1st step correct, If you do not trade with a legit broker you will end up losing money . Best All Around Binary Trading Brokers *Updated for 2017. Our short list of quality and reputable binary trading sites will start your journey on the right foot. Using one of the trading websites above is the best way to avoid scams. Bad brokers are rampant in this industry so it is imperative you understand what you are getting into before you begin. If you trade at a shady broker you are unlikely to ever see your money from many of the bucket shops and deposit houses out there offering binaries. That’s why it is important to choose a legit broker below and get paid when you earn. We have been in this industry for five years and in related industries since 2004. We have spent thousands of hours of researching the binary options brokers on the market today. We spend dozens of hours every week keeping up with the industry. In a nutshell, we keep our finger on the pulse of the booming binary options industry. Our knowledge, insight and understanding of the market allow us to keep our short list of the top binary options trading sites to a narrow, focused group. Filled with the information you can use and not the same re-hashed marketing spin you find elsewhere.

You will notice the simple basic design, we are not here to sell you. We have helped thousands of traders find the right broker. We help dozens of traders every day avoid the scam trading sites. We can help you start off on the right foot on your journey of trading binary options. Get started with one of the select brokers above. If you are not aware, binary options trading is risky. Plenty of traders lose money. Even though the returns are big and the choices are a one or the other decision the risk of losing money is always there. If you catch a run of bad luck it is possible to trade and lose your entire investment. Know this up front before creating an account and investing money.

You can make money by correctly predicting price movement of an underlying asset. Place a buy or call. If you buy you believe the price will rise. If you call you believe the price will fall. These are the most simple types of binary options and the risefall or updown options are by far the most popular type of option trade made today. Is it Really So Simple To Trade Binaries? Yes it is quite simple to trade a binary option. The mechanics of placing a trade are literally push of the button easy. You choose the asset to trade. You choose the length of the binary option contract. 1-30 minutes is very common. You choose how much to risk. You evaluate the returns offered. If you accept the returns offered, you click the ‘buy trade button’ and you are in the game.

At the conclusion of the contract you are paid the pre-determined payout regardless of how much the underlying asset moves in or against your favor. It is much simpler than forex trading. No stop losses. No margin calls. *No leverage. Fixed risk. Fixed reward. *some bonus offers utilize a leverage style bonus offer. IT is not easy to win every trade, or even the majority of them. That is Not to say that there are not consistent profitable traders.

There are. However it is not easy or simple. It is simple to execute a trade, it is not easy to win the trade. You have to be consistently good at what you do to overcome the house edge. It is not quite so simple to predict a winner a large enough percentage of time to overcome the binary websites house edge. This edge is built in the similar way a casino slot machine is designed to pay out a certain percentage. You put 100 dollars in and get 95 dollars out at a slot machine paying 95% returns. The binary option sites do it a little bit differently by offering you a return of between 70-90% if you win and a return of only 0-15% if you lose. This means if you risk $100 and win, with an 80% return you will get a total return of $180. This is your $100 risked plus the $80 you earned on the trade.

However if you were to lose the trade with a 15% rebate, you would only get a return of $15. The house has built in a 5% edge when you look at the return percentages. They do not add up to 100% so that is where the binary brokers make their money. They want as many trades to happen as possible to get that return, regardless of whether or not your trade wins or loses. Market Makers – Dealing With The Market Maker at Most Binary Brokers Websites. You are dealing with the market maker directly in many instances. The binary trading broker is taking the other side of your trade. This means that they profit the most when you lose your trades. That’s a bit scary to say right out in the open but it is the exact same thing as going into a casino and losing money playing roulette. However what the brokers with substantial volumes really care about is that their overall trading volume is balanced and as massive as it can be. They want thier risk balanced out so they squeeze the juice out of the middle. If you are familiar with a large bookmaker or someone who runs the numbers, you know that they do not really care whether one bet wins or loses as long as they have equal action on both sides they are guarantee to make money regardless of the outcome of the trade. Binary Companies – Regulation – Licenses – Legality.

Binary options brokers operate in the wild west of the financial trading world. Mostly with headquarters in European countries, with an even more slant to tax friendly jurisdictions with regulatory bodies in place. The leaders of the industry are all in the process of developing and undergoing regulation by their governing body. You will find that the majority of sites listed here will be in the process of regulation via or by the Isle of Man GSC. This island off of the coast of the UK serves as a safe haven for the highest quality, legit and reputable quasi-gambling operators to operate in an environment that is safe, secure, regulated and managed by a reputable commission. The other concern is the different rules and regulations placed by individual countries. For example, some sites that serve the EU and UK markets will not accept USA traders (these sites do). Binary options are also officially a financial instrument, according to MIFD. This is leading to more and more regulation as the popularity of this style of trading continues to take hold. Our common sense tip of the day is that the most important thing about choosing the binary option broker is to make sure that they have a reputation you are comfortable with. This means doing some research and finding a broker that others are happy with. You can start by looking at the ones listed on reputable sites like ours and others in the industry. We advise starting out small, making a binary options demo account first and using it until you are ready to risk your real money trading for real. If you are still new to the whole idea of binary options trading then you should start with this guide on the basics of how to trade. From that page you will find the information you need to understand what is going on and how to get started.

If you have already made your mind up to trade then you need to find the broker that suits your needs the best. Read through our reviews and comparisons of the brokers of your choice and pick one. Binary Options Kenya. Over the past few years, binary options trading in Kenya has become immensely popular. With the high returns and easy to trade format, trading the financial markets is now accessible to anyone with access to the internet. So how easy is trading binaries in Kenya? For those of you in Kenya who are new to online trading, the answer is easier than you may think. All that is required is for the investor who is interested in trading to first register a trading account with a broker and then fund that trading account. Within minutes, you will be on your way to hopefully pulling in gains and certainly learning the intricacies of this interesting trading type. A word of caution though, not all brokers are created equal.

While it is easy to sign up with any firm, it is a different story when it comes to finding a reliable firm to trade with. Although binary trading in Kenya is not illegal, there is a lack of Kenyan based brokerage houses due to the lack of regulation governing trading in Kenya. To help our readers find a firm which they can trust and depend on for trading binaries, we have shortlisted a few companies that are ideal. These brokerage firms are shortlisted based on certain criteria such as: Established reputation and regulated Transparent with a dedicated customer support ready to assist traders in Kenya 247 High returns with a wide range of financial instruments to trade with. Best Brokers in Kenya. While binary trading in Kenya can be a very lucrative endeavor, it is important to remember that a large part of a trader’s trading success will depend on the broker the trader signs up with. There is a big risk that you might not be able to get your money back if you deal with the wrong company. To help our readers avoid the mistake of dealing with scam binary options brokers, we have compiled a list of recommended brokers that are best suited for traders based in Kenya. Recommended Trading Platform. Top Binary Options Broker.

In Kenya, general over the counter trading regulation is practically nonexistent as with many other emerging parts of the world, where this alternative form of investment has became popular. This is largely due to the fact that binaries are a recent market innovation for the online retail trading industry. Structured in such a way that they have only 2 possible outcomes, binaries have managed to simplify the process of trading the financial markets to the extent that most people should be able to grasp the investment principle behind this trading type. In Kenya, the main regulatory body for the financial industry is the Capital Markets Authority (CMA). Established in 1989, the CMA is an independent body that has been tasked with monitoring, licensing and supervising the market intermediaries in Kenya. The regulatory oversight of the CMA also extends to the Kenyan central depository and settlement system and Stock Exchange. Its main responsibilities extend to: The development of the capital markets with particular focus on creating incentives and removing hurdles that impede long term investments in the capital markets. The facilitation of nationwide access to brokerage services and the stock market to encourage wider participation by the general population in the stock market. The creation and regulation of stable and transparent market where securities can be traded efficiently and in an orderly manner. Protecting the interests of investors Management of a Compensation fund scheme to protect investors from suffering losses due to the failure of an authorized and regulated broker Development and facilitating the use of fintech to develop the Kenyan financial markets. As mentioned earlier, binary trading in Kenya is considered a legal and legitimate investment activity by the CMA. However as the online financial trading industry in Kenya is still in its infancy, the regulatory framework for regulating online trading activities does not yet exist. Essentially this means that the online binary options industry in Kenya while legal is unregulated.

Nevertheless, the CMA recently announced plans to develop a legal framework that will address online trading. The proposed amendments to Capital Market Act include requiring all individuals or entity involved in providing financial trading services be licensed by the CMA. The main purpose of this amendment is to help create a more secure online trading environment for Kenyans in general. As for now, the best alternative for Kenyan binary traders is to deal with offshore brokers who are regulated by reputable financial regulatory bodies such as the Cyprus Securities Exchange Commission (). Deposit Methods Available In Kenya. In Kenya, bank wire transfer and credit cards transactions are widely accepted. Hence, Kenyans traders will have no difficulties in funding their trading accounts using their credit cards or through bank wire transfers. With a population that is highly mobile connected, eWallets are also becoming more popular among Kenyans. However the choices of eWallets available as a payment transfer method will depend largely on whether the broker serving them is geared towards traders in Africa or Europe. Is it legal to trade binaries in Kenya? Yes. There are currently no regulations governing binary trading in Kenya. No. Regulations for regulating this trade type in Kenya do not yet exist. To trade binaries in Kenya, the best option is for Kenyan traders to sign up for a trading account with a regulated brokerage house that is based offshore.

Best Binary Options Brokers. Best Education Broker. Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved.