Binary Options Trading with Western Union

Best Binary Options Brokers 2020:
  • BINARIUM
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    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
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  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Iq option – cryptocurrencies, binary options, forex, CFD&ETF trading platform

вњ… This Trading Platform is available in Russia

Is IQ Option scam?

In 2020, a new trading platform appeared on the world financial market, which literally from the very first days of its existence managed to consolidate the position of the promising leader of the regulated broker of binary options. The application of professional techniques and increasing personal experience combined with the dynamic development of the entire financial services market provided the broker a stable increase in its positions among competitors.

These factors played a decisive role in the formation of the permanent client base of the IQ Option. As you know, beginning traders are suspicious of all new companies that provide access to liquid financial assets, but in this case, the project organizers used their professionalism and ability to work with traders to achieve their goals reasonably skillfully.

IQ Option is a young trading platform that has already managed to consolidate the leading positions of the regulated broker of binary options. Firstly, the IQ Option broker is regulated in Europe CySEC. The company has been operating in the binary market since 2020. Secondly, the application of experience, professional methodologies, innovative approach and constant development together with the financial market, provides the IQ Option with continuous growth and leadership. And especially for beginners, who are often overcome by fears and all kinds of doubts, the broker has developed amazing software, as well as a site with all the necessary information and materials for their better understanding and easy making informed decisions on each transaction.

What helped the IQ Option to win its niche in the global financial market

In today’s business, regardless of its size and direction of activities, several key points on which the success of the whole project depends.

Technical specifications

Specially developed for the IQ Option application and platform, as well as time-tested trading platforms, whose work is controlled by the best specialists in the industry, they allow:

в—Џ Conduct financial transactions, regardless of the location of the trader.

в—Џ Almost instantly get answers from technical support.

в—Џ Monthly carry out financial transactions, which in terms of finance are not inferior to the budgets of some African countries.

в—Џ A user-friendly resource interface allows you to perform even complex trading operations, despite the user’s experience. More than 16 million customers of the site are convincing proof of this statement.

The trading platform leads the rating of traders, on the basis of which users receive not only earned dividends, but also awards from the funds of the prize fund.

Other conditions of customer safety

A trader who registered an account on the IQ Option can safely transfer their personal data to the administration of the resource, without doubting the security of the information provided. Employees of the broker found the optimal solution, allowing to obtain the necessary information about their users without allowing the penetration of the system of scammers and other traders with a bad reputation.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Regulator of broker’s activity

The company IQ Option is registered in Cyprus and its activities are controlled by the Cyprus Securities and Exchange Commission. The documents of this organization are quoted on the territory of the whole EU, therefore any trader will never be afraid to entrust their money to the IQ Option.

Key trading conditions of the broker

For the convenience of experienced traders, we will compile a general list of the main characteristics of the trading platform in question:

Trading platform – IQ Option

The minimum deposit is $ 10

The minimum transaction amount is $ 1

Profitability – up to 91% * “The amount that will be credited to the account in case of a successful transaction”

Free Demo Account – YES

Ways to recharge – VISA, MasterCard, Maestro, QIWI, Webmoney, MoneyGramm, NETELLER, Skrill, Western Union, Yandex Money, Bank transfer

Assets – 100+ (commodities, stocks, indices, currencies)

Return on unprofitable transactions – NO

Types of options – Turbo option (60 seconds), Binary options, Digital Options, FX Options

Applications – Mobile, for tablets (Windows, macOS, Ubuntu, iOS and Android)

(!) This broker does not accept registration from the USA, Canada, Australia, Japan, North Korea, Belgium, Israel, Palestine, Syria, Sudan and Iran.

Basic financial assets

Once again, based on the IQ Option reviews, we will prepare a list of financial instruments that allow you to actively work and earn good money on a web resource:

в—Џ Shares of international companies and corporations.

в—Џ Crypto currency.

в—Џ Currency pairs.

Rights and duties of IQ Option users

In any area of ​​our life there are two sides, as a rule, one of them, suits us, and the second – not very much. We get used to this from the earliest childhood, we have to deal with such a state of affairs, regardless of our desire. Something similar is observed with the work with brokers.

Training

In order to understand how the financial market is structured, and what needs to be done in the market. Thanks to them you can learn interesting trading strategies. Learn what is forex, binary options, where to start working on the global financial market, etc.,

After the theory, you can move on to practice: open demo account on the IQ Option (which will have a virtual $ 10000) and start real work on the trading floor. money. In this case, it will not be just a training session, but an exam. You can find out how much this type of earnings suits you, what you get, what you need to work on, etc.

Important cases

As mentioned above, to work on the IQ Option platform, you need to verify your account. Also, you should pay attention to the warning web site administration, which appears on almost every page of it. This is a risk warning, from which it follows that, in addition to you, no one is responsible for your losses incurred during the execution of financial transactions.

Deposit, Withdraw and Bonus Iq Option

This resource is simple and logical, and it is an innovative trading platform that allows you to earn money on the Internet in just a few clicks. There is also the opportunity to practice trading with minimal risks, with the IQ of the IQ, which provides investors with a wide range of investment opportunities on the site. At the same time, the minimum amount of replenishment of the deposit will be $ 10 (10 € or 300, respectively, depending on the currency of the open account). IQ Option provides loyal conditions for each client and provides an opportunity to open a demo account with a virtual bonus of $ 1000 at registration, which allows everyone to thoroughly test all of the platform’s capabilities without any losses.

Important (!): Under the new requirement of its regulator CySEC IQ Option does not offer any bonuses to its traders. As a consequence, all previously credited bonuses were suspended.

IQ Option does not set limits on the minimum withdrawal amount. Everyone can withdraw the amount of $ 2 (you will need to contact the support team, where they will help to conduct this operation). It is possible to draw a conclusion for $ 1,000,000. The withdrawal of funds will take 1 working day. IQ Option does not charge commissions for replenishment and withdrawal of funds.

The methods of replenishment and withdrawal vary from Visa, MasterCard and Maestro, WebMoney, Skrill, Neteller and other financial services. But, when using bank transfer, a commission of the serving bank will be charged.

How to withdraw money and replenish the account

One of the most important questions asked by IQ Option newcomers in the reviews is how to enter / withdraw money for trading on a trading platform. To solve this problem, you can use:

в—Џ Western Union.

в—Џ Bank transfer.

Demo and trading accounts from IQ Option

Unlike other option brokers offering to open different accounts, the trading platform IQ Option has in its arsenal only three types:

в—Џ Demo account:

В»Opening an account is absolutely free without making a deposit;

В»Free replenishment of the account, with a balance less than $ 1000;

В»13 assets are available;

В»Limited trading opportunities on the platform;

В»Access to training materials;

В»Ability to trade options Above / Lower and Turbo;

В»Trade is not carried out for real funds.

в—Џ “Real account” from $ 10:

В»Full access to all available trading opportunities;

В»Trade in real funds;

В»More than 80 assets are available;

В»Participation in all competitions among brokers of this platform;

В»Withdrawals within one day.

в—Џ “VIP” from $ 3 000:

В»Increased return on assets to 92%;

В»Trade in real funds;

В»More than 100 assets are available;

В»Opportunity to participate in major tournaments;

В»Receive monthly analysis of the trade report;

В»Access to unique options;

В»Work with a personal VIP-manager;

В»Withdrawal of funds within one day.

Entertaining note: In the event that no operations on the platform are executed for 90 consecutive days, and if any of the funds are stored in the trader’s account, they will be charged, but not more than the balance of the account.

IQ Option Payments

The liquidity of the IQ Option options is 92%, which automatically guarantees an excellent opportunity to earn from each transaction. In other words, with the right prediction, the maximum yield will be up to 92%, and on weekends even up to 95%. A small snag is that on weekends only the crypt is provided. Also, a convenient system of replenishment and withdrawal of funds guarantees the convenience of each trader. The IQ Option platform provides professional and attentive service to its customers. On the site are presented in free access all kinds of educational videos to facilitate the trading of novice players in the binary market. IQ Option is noteworthy for its high payouts in trading tournaments.

IQ Option Trading Tools

IQ Option provides a wide range of trading tools to choose from:

в—Џ shares: GOOGLE, APPLE, BMW, VODAFONE, COCA-COLA, TWITTER, MICROSOFT and others;

в—Џ Crypto currency: Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, TRON, Dash, Ethereum Classic, OmiseCo, Qtum, Zcash, Bitcoin Gold;

в—Џ Options:

» Digital Options (speculation in the direction of the price of the underlying asset, as well as the scale of its change): a minimum investment of $ 1; expiration time 60sec – 5min; commission 0%; profitability up to 900% (in case of a successful transaction);

» Binary Options (a tool yielding up to 95% of the correct forecast of the price movement of the underlying asset for the selected period of time): a minimum investment of $ 1; Expiration time 60sec – the end of the month; commission 0%; profitability up to 95% (in case of a successful transaction);

» FX Options is a new trading tool that only recently received a patent for the massive use of trading cards. Trade is carried out by currency pairs in the time interval (from 60 s to 5 min). The concept is very close to European options. But, the conditions for closing the deal are more convenient. The income from a successful FX-Option trading transaction is almost unlimited. The minimum investment is from $ 1.В The minimum transaction amount for FX options is € 25 or $ 30. The expiration time of this type of options is 1 hour. Just you can have time to do the analysis. You can close the deal until expiration. The loss from the transaction may be less than 100% of the investment from your forecast. With Iq Option – FX options available in Europe for trading to all willing traders!

в—Џ Currency pairs: EUR / USD, NZD / USD, AUD / USD, USD / CAD, USD / JPY, EUR / JPY, GBP / JPY, GBP / USD and many others;

в—Џ The goods: OIL, GOLD, SILVER, CORN, PLATINUM and others.

в—Џ Forex – Forex trading from IQ Option is also available for all traders.

в—ЏВ CFD – Contracts for the difference in prices for the goods.

в—ЏВ ETFs – Stock exchanges (portfolios with shares)

Sectoral trading is available: Energy, Healthcare, Real Estate, Telecommunication services, Utilities, Information technology, Sample demand goods, Finance, Materials, Industry and Everyday goods.

Trading Platform IQ Option

A well-developed IQ Option trading platform allows a trader to easily execute transactions on the site. Also, the convenience of this broker is manifested in the ability to conduct transactions when trading exchanges are closed using Over-the-counter (OTC).

Trading platform IQ Option leads the rating of traders, on the basis of which awards are held within the prize fund, in addition to earned dividends.

The first-class website interface, which includes the latest innovative achievements, allows the trader to make the most effective management of the trading process and the platform itself. Therefore, not only professionals, but also newcomers can effectively use this trading platform. Confirmation of the leading position of the IQ Option will be the choice of more than 16 million registered traders.

Advantages of IQ Option:

– a place of the leader of cryptocurrency market, the market Forex and binary options;

– convenient graphics in real time;

– a multi-faceted trading platform that allows you to customize yourself to the individual trading style of the trader;

– wide trading tools;

– Excellent analytical tools;

– Low minimum trading conditions.

In fact, the IQ Option trading platform is suitable for anyone who wants to try their hand at the binary options market. Operational support, as well as an individual approach to each, attests to an exceptional approach to servicing all clients.

IQ OPTION – AN INNOVATIVE LEADER IN THE WORLD BINARY OPTIONS!

В«General Risk Warning: Binary options trading has a high level of risk and can lead to the loss of all your fundsВ».

What is binary options trading?

Binary options trading is a relatively simple way of betting on whether or not a certain outcome will occur. The name ‘binary’ (meaning ‘two’) reflects the fact that you must choose from just two scenarios – yes or no.

In financial trading, this is typically whether the price of an asset will be lower or higher than a certain level at a pre-determined point in time.

The most common type of binary option is a digital option, sometimes broken down further into ‘up/down’ or ‘call/put’ options.

With a simple call/put option, if you think the price of the underlying asset will end at or above the strike price, you buy a ‘call’ option. If you think the price will be below the strike price at expiry, you purchase a ‘put’ option.

If you are correct, the option is ‘in the money’ and pays out a fixed amount of compensation.

This compensation is typically money but in some contracts can be a quantity of the underlying asset itself.

If you are wrong, it is ‘out of the money’ and you receive nothing.

Because of this, binary options are sometimes called ‘all-or-nothing options’.

The attractions of binary options trading

Because you have just two possible outcomes to consider, binary options trading is considered simpler than many other kinds of financial trading.

Typically, all you need to decide is in which direction you think the price of the underlying asset will move.

Unlike with other forms of financial trading where your potential profit or loss is determined also by the size of a price movement, it doesn’t matter to a binary options trader how far prices have moved above or below the agreed strike price when the option expires. With binary options, a winning trade always produces the same payout.

Because of this, you have a clear picture of your risk-to-reward ratio before you enter a trade.

This is in contrast to traditional options, where profits and losses can be limitless.

With binary options, therefore, you don’t have to sit at your trading terminal, anxiously watching prices – once you have made your trade, you don’t need to check in until the contract has expired. You also don’t have to worry about applying complicated risk management tools like stop losses.

Binary options are flexible, with brokers typically offering contracts for a wide variety of underlying assets – from foreign exchange or commodities to company shares or indices like the FTSE or S&P 500.

Contracts can also run for anything from 30 seconds to several months, depending on what your broker offers. This means you can tailor your trading to your own areas of expertise or trading style.

If you’re an experienced trader in other markets, such as foreign exchange or shares, you can apply some of the skills you have already developed.

Fundamental and technical analysis, for example, can both be used to help you form a view on future price movements.

The risks of binary options trading

With binary options, it is possible to lose all the money you have invested if none of your trades are successful.

Careful money management (see Lesson 6 https://learn.tradimo.com/lessons/1278) should however ensure that you do not wipe out your entire trading account.

An example trade

All or nothing call:

The current price of Uncle’s Apples shares is $10. If you think the price will go up and trade above $10 this time tomorrow, you can profit from this expectation by buying a one day binary call option.

Before buying the option you need to decide how much money you put on the trade. This will be your investment (your risk) and your payout will be a certain percentage of this amount. If the broker is offering a 50% payout, it means, if you win, you get your investment back plus 50% on top of it.

Let’s say you invest $20 in a one day Uncle’s Apples binary call option with a 50% payout. You come back same time tomorrow to see how your trade performed. You were right, the price is above $10 per share, that is, your option expired in the money. You get your $20 investement back plus 50%, that’s $10. So you get $30 altogether.

However, if Uncle’s Apples shares were below $10 when the contract expired, the contract becomes worthless. Then the option would be out of the money and you would lose your initial investment of $20.

Other types of binary option

With a ‘one touch option’, you predict that the price of the underlying asset will at some point during a defined contract period touch (reach or surpass) a certain level. If it does, you receive a payout. If it doesn’t, you receive nothing.

With a ‘no touch option’, you predict that a certain price will not be touched during the contract period, and are compensated if you are correct.

With a ‘double touch option’, you define two price levels and predict that at least one of them will be touched during the contract period. You receive a payout if this happens. If the price stays within the range of these two prices and touches neither, you receive nothing.

Note that the closing price at the end of the contract period is irrelevant with any kind of touch option. This makes them perfect for traders who believe that prices will be volatile but aren’t confident about predicting a sustained price move.

They are therefore particularly popular for trading volatile assets like foreign exchange and for very short-term trading with contract periods as short as one minute.

Summary

So far you have learned that:

  • binary options got their name from the fact that there are only two scenarios to consider: the market ends up either above or below your target price when the option expires
  • you get paid a set amount, typically a certain percentage of your investment if you are right or you lose your investment if you are wrong
  • it is because of these two reasons that binary options have gained a huge popularity in the last few years
  • brokers have created a variety of binary options contracts so you can take advantage of special market conditions, such as ranges, breakouts, tests of significant price levels and trending markets

Western Union Forex Brokers

About Western Union

Western Union FX Brokers is a term that is used to describe brokers in the forex market that allow traders to deposit funds and withdraw funds using the Western Union Money Transfer service. To be able to properly understand how to use the services of these brokers, we need to understand the structure of the Western Union money transfer system.

Western Union Company is an independent agency that facilitates the movement of cash legally between a party located in one country to another entity located in another country. It operates several divisions apart from its money transfer service. The company has also obtained a forex license in Brazil, and its range of business services make it a suitable candidate to be used by Western Union FX brokers for transactions on their platforms. Based on international financial limitations and blacklists, some countries are excluded from using the Western Union service. Furthermore, there are countries that only have a “receiver” status, which means that traders who use Western Union FX brokers for trading and are located in countries that have the receiver status, can only receive payments from this service.

Using the Western Union service attracts charges. So if you deposit funds with a broker that offers this as a means of transaction, you can expect to see less money than you sent out entering your forex trading account. The same thing happens when the trader has to withdraw funds from the Western Union account. These charges are significantly higher than if the trader were to use a credit card, and therefore must be factored in when the trader uses a Western Union broker for his business.

Another thing that must be factored into the equation is the policies on use of the company in various countries. For instance, a certain country in Africa has just suspended the collection of Western Union in foreign currency, creating a differential of 10 cents on every dollar received by the trader in terms of the official exchange rate and the parallel market rate in that country. If a trader in that country were to collect $5000 in a forex withdrawal, this policy would lead to a loss of $500! How significant is that?

List of Forex Brokers that Accept Western Union in 2020

Now that we have defined the peculiar conditions that exist in the usage of Western Union money transfer services as it concerns forex traders, we can now talk about the Forex brokers that accept this deposit method in the forex market today.

XE Markets has a very wide range of payment options when it comes to transactions on its platform, and Western Union is one of those options. The minimum amount that can be deposited or withdrawn on XE Markets using Western Union is 100 units of the following currencies: USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF. The exception is the Japanese Yen, of which a minimum of 10,000JPY must be deposited or withdrawn. Transactions are processed within one business day.

FXVV Capital Markets Ltd are a New Zealand based FX broker. This company commenced operations in 2020 and offers Western Union’s money transfer services for traders to deposit funds to their trading accounts. Withdrawals are also made from the trader’s account via Western Union. The minimum amount for deposit is USD100, and this is also the minimum withdrawal amount. Traders will have to bear the cost of fees charged by Western Union for this service.

This broker is located in Cyprus, and offers Western Union as a means of transaction. However, there are rules to follow in order to be able to use this service seamlessly. Firstly, all Western Union requests are to be made to the company’s executive director, after which the trader must scan and send a copy of the receipt of the transaction to [email protected] The trader must then head over to the Fibo Group website and click on the link “Sending money by Western Union”. This will automatically redirect the trader to the Western Union funds deposit page. It is important that traders specify Cyprus (EU-member country) as the beneficiary destination country because Western Union recognizes Cyprus as 2 different countries (Cyprus and Northern Cyprus).

Withdrawals are processed in 24 hours.

The only drawback with Western Union is the fact that fees are incurred for using the service. So traders using this deposit method must factor these fees into their transactions so that they can receive their full credit.

More About Adam

Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

24option

Overview

24option – one of the leading brokers in market of binary options. The company was founded in 2020 and registered in Cyprus. The broker has a number of licenses and regulators which monitor the company to obey the principles of pan-European regulation of financial markets: CySEC, FCA (UK), BaFIN (Germany). 24option has many awards around the world, for example in 2020, the company was recognized the best broker of binary options according to the ForexMagnates magazine. Broker regularly works on improving all aspects of trade that allow their clients to improve their trading results.

Rating chart

Detailed Information

USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NZD, PLN, SGD, CCK, HKD, HUF, MXN, NOK, SEK, TRY, ZAR, HRK, XAU, XAG, RUB

EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/JPY, USD/CAD, USD/CHF, EUR/GBP, EUR/CHF, AUD/USD, AUD/NZD, NZD/USD, AUD/CHF, AUD/CAD, AUD/JPY, EUR/AUD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/CAD, GBP/CAD, GBP/CHF, GBP/AUD, NZD/JPY, NZD/CHF

24option Reviews

cecelia from Canada

I have made totally sixteen requests for withdrawals and got none of the sixteen times! I just knew it was a scam, so I came online to search how I can recover my money. luckily I saw a review about how fundsrecovery01 @ gmail. com helped a woman recover her money without requesting upfront and all,so I decided to give it a try and boom. My money was back in less than a week after which I paid him 15% of the money recovered for his service. I can’t be happier than this. My year is just starting I guess.ting I guess.

Sergio from Spain

I recommend fundsrecovery01 to anyone in need of a recovery agent. [email protected] is the real deal. All my and I coins were recovered after which they took 15% of the recovery. I’m still wowed at their honesty and reliability

Maureen dooley from United Kingdom

This is a scam . My bank has issued me a my money back from 24 options

Joel Wass from Serbia

I respect Olymptrade!

Olla from Portugal

It is horrible trading with this binary option broker because its fraud. No hope of withdraw after investing. I was unable to access my account after several attempts of withdrawal. It was a nightmare.

Terry Bee from United States of America

I have nothing special to say about Utrader, except that this broker does everything well. It’s regular average broker, there’re a lot of such in the market now. I trade there because I don’t see much difference between it and other brokers of the same kind. But I already know about this broker that it’s reliable and you can ask for problems with another one.

Sogliuzzo from Brazil

Conditions for trading with a broker are more than profitable. But I would like to analyze the free trading signals that the broker provides, how profitable to use them? How can you determine the qualitative signals or not? And can I use the signals of other traders? I would like to know the opinion of traders and how they were able to find really high-quality signals.How long does the training for a broker take? A huge plus that it is and I would gladly pass it. How long? And is there a deposit account for beginners? As I understand, the training is free. I will look forward to answering questions. Thank you!

Wannya Lau from Taiwan, Province Of China

On the work of the broker everything suits. They helped with the training, technical support quickly answers questions and helps without problems. Still, when the office of the company is in your city, it is even more encouraging. I play 5 months and thank the broker for his trouble-free and reliable work.

Sofie Debi from United States of America

I read the last ten comments and understood, or more precisely! I once again realized that the main indicator for most and for me, among other things, is the withdrawal of money. But this is an indicator of the honesty of the broker, an indicator that he wants to work with you, and not take away money. From experience: I want to say that 24option works as a responsible and executive employee, who does his work correctly, accurately and on time.

Brandin Jaffo from Greenland

I started working with this broker about two months ago. At this stage of our cooperation, I’m quite happy with everything. The withdrawal of money occurs quickly enough. Another plus is the free training of beginners!

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

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