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Trade Thunder is a new binary option broker that accepts traders from the US with an amazing trading platform. It is a UK based brokerage that was incorporated in 2020 as a subsidiary of LGK Industries, its parent company. This binary options platform is one of the first to operate on the new BX8 binary platform created by Leverate, a leading platform that has been prov iding Forex services for many years. With its a simple trading interface, the platform affords traders the unique feature known as “One-Click” trading that allows investors to execute their trades instantly with a simple click. Like the name says, they have taken the binary options market by storm with innovative features that are being added continually in order to satisfy the many traders who are using this platform to place binary options trades.
Despite their being new in the market, Trade Thunder is certainly among the most versatile trading platforms and their level of responsiveness to traders’ needs is top notch. With low minimums, a free demo account and no restriction bonuses, these aspects are among the few servings from their excellent list of features. Responsive and knowledgeable phone support and live chat is offered 24/6 across 4 countries, and the platform has been translated into 7 languages. Traders can also count on multiple strategy guides from the platform’s education department in addition to free trading signals which depend on the account level a trade is singed up to.
Trade Thunder platform.
Trade Thunder’s minimum requirements are definitely among the lowest in the market, with only $20 required to make a deposit and a minimum of $1 for each trade placed. This is quite ideal for traders who are not so financially enabled to afford the average requirement of $100-$500 that is the standard currently in the market with most binary options trading platforms. They also have the offer of a unique bonus of up to 100%, where traders earn the bonus while they trade. Their payouts are known to be as high as 91% and there are no restrictions when making withdrawals.
Because Trade Thunder values innovativeness, they have embraced unique software, the BX8 Binary Platform, which offers investors a great trading experience. The platform that is developed by Leverate is user-friendly enough to provide a trader’s room that is unmatched. Built with a fascinating layout, the platform allows users the ability to execute multiple trades on a variety of assets without difficulty. As a pointer; a trader is able to highlight choices of assets of interest, locate binary options to trade with each asset chosen then select the way he/she wants the asset to move.
Unlike some trading platforms in the binary options scene, the trade dollar amount with the Trade Thunder brokerage is always set to zero, and this works especially well in eliminating executing trades for amounts that are more than originally intended – this does happen more often than anyone might think on most trading platforms. This one aspect will allows users to select the amounts they want to spend per trade, from the minimum $1 amount all the way up to the maximum amount allowed for each account level. And with the low trade minimum dollar amount, traders can afford to risk losing a few dollar amounts when going after a big return on investment.
Since the binary options market had up until this point been largely dominated by two different types of trading software platforms only, it’s great to see software developers such as Leverate have finally brought some badly needed changes. This platform is designed to be fast and easy to navigate through a series of simple ‘One-Click’ functions, making it easy to place trades for any of the over 80 assets offered by Trade Thunder.
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Binary options trading has gained a new level of real-time simplicity with the the “One- Click” trading feature, the major highlight of the trading room. Through simply clicking on the ‘Low’ or ‘High’ button, a user is able to activate a trade and do all the needed trading steps at once. This feature allows access to a raft of various expirations such that traders can set their default trade sizes through simply clicking a ‘Put’ or ‘Call’ option to execute a trade. The “One-Click” feature is set to save traders the trouble of having to go through so many execution steps just to place a binary options trade, and this certainly comes in handy given the importance of speed in the financial trade market.
The One Click trading feature allows for easier trading as well, especially where the trade concerns the prediction of a fall in the price of a binary option. With this feature, traders only need to simply open a ‘put’ or ‘low’ option when they can predict a price fall below the strike or opening price occurring within a pre-selected expiry time. Trading in financial markets requires a massive movement in the asset’s price before a trader can register a decent return percentage and this feature makes the process so much easier.
Before traders can sign up on the Trade Thunder trading platform, they must select the account from where they will be conducting trading. And just with like most binary options brokers, investors here are offered a number of different account levels to choose from. Each level will require a minimum deposit that is different from the other levels.The account level that an individual trader is assigned will be based directly on the amount each trader has made for the first deposit. This is all clearly explained on the broker’s web portal for traders to look up before they sign up, such that every investor is aware of exactly what they are dealing with. Traders may choose to begin with the standard account and later upgrade to higher levels should the need arise. The various types of accounts levels that traders can be assigned on are:
The Best Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Demo Account.
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Recommended Only For Experienced Traders!
This account level requires a trader to make a minimum deposit of $200 – $599 to open, and it packs a 40% bonus upon signup. The standard account also includes an invite to attend two free webinars on instructional trading, an informative weekly review of the market by Trade Thunder as well as a free binary options trading e-book.
This account level requires a trader to make a minimum deposit of $600 – $999 to open, and it packs a 60% bonus upon signup. The premium account also includes an invite to attend two free instructional trading webinars, two weeks of free trading signals, an informative weekly review of the market by Trade Thunder as well as a free binary options trading e-book.
This account level requires a trader to make a minimum deposit of $1000 – $4999 to open, and it packs a 75% bonus upon signup. The pro account also includes an invite to attend four free instructional trading webinars, 3 risk free trades, one month of free trading signals, an informative weekly review of the market by Trade Thunder as well as a free binary options trading e-book.
This account level requires a trader to make a minimum deposit of $5000 to open, and it packs a 100% bonus upon signup. The VIP account also includes an invite to attend all instructional trading webinars, binary option robot and five risk free trades, free trading signals, increased max trades to $500, an informative weekly review of the market by Trade Thunder as well as a free binary options trading e-book.
In addition to the accounts above, Trade Thunder also offers a free demo account and traders may register for it without making an initial deposit. This is certainly a nifty way for investors to test the trading platform and their trading strategies without risking any capital. And once they feel comfortable with the platform, they can then start placing live trades.
Screenshot from the frontpage
Banking: Deposits and Withdrawals
Given the increased level of insecurities when trading online, traders want to ensure that their funds are secure. As such, Trade Thunder goes to great lengths in order to ensure the deposit interface affords traders a fast, easy and safe process when making deposits and withdrawals. The broker is keen to ensure clients don’t lose their deposits to internet fraudsters.
Depositing: This trading platform has among the lowest minimum deposit and trading amounts in the market. There’s a minimum deposit limit of $20 plus a maximum deposit limit of $5,000, and traders are also allowed to trade with as little as $1. The platform offers traders the opportunity to trade in binary options no matter their level of income such that they can afford the overall capital risk involved. Users need to ensure they deposit from a single source and ascertain that the accounts state their names as well as countries of residence. This is to make sure registration information does not conflict with another person’s as any withdrawal or refund is made to the same account used to make the initial deposit.
Only a few readily available documents are required from traders before they can commence trading. This is simply for purposes of validating the accounts. A trader will need to send
- Passport or driver’s license
- Photocopy of a valid national identification card
- Utility bill or bank statement from the last two months
- Photocopy of the front side of a credit card
All clients of Trade Thunder have a guarantee that the privacy of all their personal data will be maintained.
Withdrawing: This trading platform provides traders with a safe and hustle-free withdrawal process. The money which is in a trader’s account might include agreed on or voluntary promotions, bonuses plus any other amounts not directly deposited or gained from trading. However, traders cannot withdraw ‘Non-Deposited Funds’ until they have met certain conditions, although such conditions are quite easy to fulfill. For instance, a trader needs to deposit certain amounts, achieve a minimum volume of trading and perform a minimum number of trading transactions.
When submitting a request to withdraw funds, the trader logs into his/her account, clicks on the withdrawal button then signs the withdrawal form by sending it by email. The site cannot process any request if beneficiary’s name doesn’t match the trading account’s name, and any request to transfer money to a 3 rd party will not go through. After submitting a request, there’s a wait of up to 5 business days before funds are credited into the account, which is much less than the traditional wait period of up to several months for most brokers. Moreover, there are no withdrawal fees or charges when traders request to have their funds via credit card.
How To Trade
Trading on the Trade Thunder platform is quite straightforward. After login, the trader selects any of the assets displayed on the trading screen. By clicking on each asset, be it a commodity or a currency, it loads onto the main viewing area and the trader is presented with four options, with expiry times of 5, 15, 30 and 60 minutes, to trade the chosen asset. Like with most brokers, Trade Thunder offers turbo options of 60 second trades although they aren’t in the main viewing window. Traders must remember that trading short expiry times of 1 minute or less requires much discipline and great skill. The fact that these options aren’t visible at the top of the interface will, in a way, help inexperienced traders stay out of the risky investments that come with trading on very short expiry times.
The asset’s chart has a default setting of 1 hour meaning, investors who are trading shorter expiry of 5, 15, or 30 minutes ought to switch to the same chart view as their preferred time frame. For instance, when trading 5 minute expiry times, a trader should look at the 5 minute chart, not the hourly view. The chart’s time frame can be switched by a simple click on the preferred time.
Trading 60-seconds options
By using “One-Click” feature, traders are able to trade 60 second turbo options that are offered on a separate, dedicated screen panel labeled “FAVORITES 60 SEC”. From this panel, a trader is able to choose up to four different assets, and save them on the panel for easier access. The speed of each trade execution when using the “One-Click” feature allows users to explore 60 second trades with better timing and a higher level of accuracy. Upon opening a trade by choosing ‘high’ or ‘low’, the trader is presented with a real-time graphic tick chart automatically which allows him/her to follow the trade’s progress, the time left to the end, the entry price, current price, as well as the payout which is displayed either in percentage or in dollar amount.
First-time bonus: Not many binary options platform greet their traders with surprising ‘welcome’ gifts and Trade Thunder is one of a kind when it comes to appreciating traders who choose to trade with them. First-time depositors are awarded a bonus of up to 100%, depending on the account level and deposit amount. Oftentimes, the broker will surprise customers using its platform with re-loaded bonuses.
Referral bonus: For every referral a trader refers to Trade Thunder, that trader earns a $50 bonus if the friend deposits anything above $300. The experience at this platform will make traders refer as many friends as possible to win this bonus.
Reduced bonus restrictions
Unlike traditional Deposit Bonuses offered by other brokers, investors at Trade Thunder don’t have to trade a volume of up to 50 times their bonus amounts before they can withdraw their funds. The broker only requires users to attain a volume of 30 times of the bonus amount to earn the total bonus. There’s no other broker in the market currently with such a low requirement. Moreover, every time traders attain trading volumes of 3 times the bonus amount, they’re awarded 10% of their bonuses.
Customer Support and Education
The customer service support team at TradeThunder quite extremely courteous, responsive and helpful. Customer support is availed to users 24/6 via Phone, Live chat and Email across four countries, with speedy response times even during weekends.The education center has great tools and materials for both novice and professional traders that includes strategy guides,articles on binary options trading, market news, an e-book, a variety of training videos, earnings calendar and free signals.
The Trade Thunder trading platform is really exceptional portal website with which to place binary options trades in. Over the little time they have been on the scene, they have proven themselves to be quite trustworthy and they also have unique trading software platform which will be of great help for traders who want to be as successful as possible. This trading portal comes highly recommended, so for those looking to start trading binary options, or are looking to try a new broker who does things a little differently from the rest, this site has all the ingredients necessary to make any trader earn profit more consistently.
Trade Thunder это британский брокер бинарных опционов, основанный в 2020 году. Создавшая его компания LGK Industries LTD зарегистрирована в Лондоне. Связаться с ней можно по почте [email protected] или по телефону. На сайте доступен чат с техподдержкой в режиме 24/6. Платформа основана на инновационной технологии Leverate BX8. Отметим, что данная компания не доступна для пользователей из Великобритании.
Платформа Trade Thunder, основанная на технологии Leverate BX8, является уникальной и отличается ото всех других, но в то же время удобна в пользовании. Leverate BX8 работает настолько же хорошо, насколько и выглядит. Всего одним нажатием кнопки мыши вы можете мгновенно осуществить сделку. Конечно же, если вы по какой-то причине опасаетесь такой скорости, эту функцию можно отключить.
Еще одной отличной чертой платформы является отсчет времени в виде окружности, показывающей время, остающееся до окончания всех доступных опционов. Чтобы максимально упростить работу, сделки «при деньгах» отображаются в зеленом цвете, а «без денег» — в красном. Для тех, кто предпочитает краткосрочные торги, доступна возможность выбрать до 4 активов со временем окончания в 60 секунд, после чего остается только выбрать «выше» или «ниже» для выполнения сделки.
Еще одна приятная новость: вам не обязательно верить нам на слово. Trade Thunder дает каждому возможность открыть бесплатный демо-аккаунт. Кроме того, сумма минимального депозита составляет всего 20 долларов, а минимальная сумма ставки – всего доллар.
Показатель возврата достигает 90%, поэтому получить достойную прибыль можно даже с небольшим вкладом.
Существуют разные типы аккаунтов в зависимости от суммы вклада. Кстати, чтобы получить доступ к “VIP” преимуществам, миллионером быть совсем не обязательно: они доступны и при вкладах в 200-1000 долларов. Что касается обучения, на Trade Thunder есть общедоступные видео и прочие материалы, которые могут быть полезны каждому трейдеру.
И, наконец, лучшее в Трейд Сандер это прозрачная политика относительно бонусов. Брокер никогда не украдет ни копейки ваших денег через бонусы. Вы можете получить до 100% bonus, и каждый раз, когда вы достигаете 10% нужного для вывода оборота, 10% суммы бонуса сразу же можно снять. Написать о Trade Thunder отзывы Вы можете в самому низу представленного обзора.
В качестве заключения: Trade Thunder это брокер, который учился на ошибках других брокеров. Он определенно прислушался к потребностям и пожеланиям трейдеров, особенно это касается трейдеров из США, которым нужна площадка, не регулируемая CySec.
Trade Thunder это обман?
На основании прозрачности компании, можно смело утверждать, что Трейд Сандер это не афера. Более того, если брокер будет придерживаться своей честной политики, он станет одним из самых популярных. Несмотря на то, что появился он совсем недавно, его низкие минимальные вклады, высокий процент выплат и честные промо помогут ему быстро достичь успеха. Но, конечно, на 100% уверенным в надежности того или иного брокера нельзя, это покажет только время.
Этот брокер появился совсем недавно, поэтому жалоб на него пока не поступало. И, судя по всему, существенных жалоб и не появится.
Trade Thunder предлагает лучшую политику в отношении промо предложений на сегодняшний день.
Как и другие брокеры из рейтинга, Трейд Сандер в курсе того, что многим трейдерам не нравятся промо, ограничивающие вывод средств. Поэтому их политика проста: «ваши деньги это ваши деньги». То есть личные деньги снять можно в любое время, вне зависимости от количества полученных поощрений. Для снятия же бонусных средств, оборот должен превышать сумму бонуса в 30 раз. И, кроме того, бонусы не ограничены во времени, что действительно выделяет эту площадку среди других в лучшую сторону.
Перед выводом средств вам необходимо предоставить актуальные документы, например, счета за коммунальные услуги с вашим именем и адресом и фотографии вашего ID. Снятие денег осуществляется без комиссии за исключением вывода с помощью банковского перевода. После подачи заявки на снятие средств, ее обработка будет осуществляться в течение 3-5 рабочих дней. Минимальная сумма снятия на кредитную карту составляет 50 долларов, а через банковский перевод – 500.
Leverate BX8 позволяет совершать сделки в один клик. В целях безопасности эта функция может быть отключена. Для того чтобы вы точно знали, включена она или нет, перед началом работы отображается соответствующее предупреждение.
Удобство пользования 8/10
Платформа очень удобна в пользовании. Для новичков доступны образовательные материалы и бесплатная демо-версия.
Количество активов и время окончания 6/10
Количество активов невелико: их всего 44. Время окончания опционов начинается от 60 секунд и заканчивается ежечасным. На данный момент нет граничных опционов и опционов «в одно касание».
Комиссия, поддержка и возвраты 9/10
Поддержка доступна через чат 24/6. Возвраты достигают 90%, что является одним из самых высоких показателей в индустрии. Комиссий или плат за открытие счета нет, но могут взиматься платы за снятие денег с помощью банковского перевода.
Пополнение, вывод средств и промо 9/10
На данный момент сайт предлагает два способа пополнения: через кредитную карточку и банковский перевод. Минимальный депозит составляет всего 20 долларов, а максимальный – 5,000. Вывод денег может занять до 5 рабочих дней, но сначала вы должны подтвердить свою личность, предоставив ваш ID и адрес проживания. Бонусы доходят до 100% и, как правило, требуют, чтобы размер сделок в 30 раз превышал сумму бонуса, в то же время они не ограничивают использование ваших личных средств.
Дополнительный функционал сайта 8/10
Функция «в один клик» это уникальный способ трейдинга, и когда она включена, вы заключаете сделку нажатием «Вверх» или «Вниз», сразу, без каких-либо задержек и подтверждений.
Binary Options Brokers and Platforms – Reviews and Comparison
We have compared the best regulated binary options brokers and platforms in April 2020 and created this top list. Every broker and platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The sortable broker comparison list below shows which binary trading sites came out on top based on different criteria.
You can sort the list using payout (maximum returns), minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. Below the comparison list is some advice on how to pick the best trading platform for you, as this will often come down to your personal requirements and needs.
Top Brokers in Russia
|Spectre||$10 (ETH)||Up to 200%*||» Visit|
|OptionField||$5||93%||Pro Account Discount and 10% Cashback||» Visit|
|Nadex Exchange||$250||100%||» Visit|
|RaceOption||$250||90%||100% Deposit match bonus||» Visit|
How to Compare Brokers and Platforms
In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from Russia. Here at binaryoptions.net we have provided a list with all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
- What is the Minimum Deposit? (These range from $5 or $10 up to $250)
- Are they regulated or licensed, and with which regulator?
- Can I open a Demo Account?
- Is there a signals service, and is it free?
- Can I trade on my mobile phone and is there a mobile app?
- Is there a Bonus available for new trader accounts? What are the Terms and
- Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
- Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices and stocks – and how many of each?
- Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of day, long term etc?)
- How much is the minimum trade size or amount?
- What types of options are available? (Touch, Ladder, Boundary, Pairs etc)
- Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
- Do they operate a Robot or offer automated trading software?
- What is the Customer Support like? Do they offer telephone, email and live chat support – and in which countries? Do they list direct contact details?
- Who has the best payouts or maximum returns? Check the markets you will trade.
We cover as many of these comparison factors as possible in our list above, but we go into much more depth within each review.
Regulated Binary Brokers
Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.
|Binary.com||Malta GA||BO, CFD|
|IQ Option||CySEC||BO, CFD, Crypto, Forex|
|BDSwiss||CySec||BO, CFD, Crypto, Forex|
|24Option||CySEC||BO, CFD, Crypto, Forex|
|Nadex Exchange||CFTC||BO, Forex|
Leading regulatory bodies include:
- CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
- FCA – Financial Conduct Authority (UK)
- CFTC – Commodity Futures Trading Commission (US)
- FSB – Financial Services Board (South Africa)
- ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organisation. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.
Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.
Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment or risk free trade . Whatever the form of bonus, there are terms and conditions that need to be read.
It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt out’ of taking a bonus.
Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over trade’. If the bonus does not suit you, turn it down.
Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without needing to risk any money.
You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It can also be useful to have accounts at more than one broker. For example, payouts for two different assets might be best at different brokers. You can shop around, and use whichever account has the best payout for that asset.
Demo accounts offer the best way to try out a brand, risk free. Likewise if we recommend a brand, you can try it first, before risking anything.
Low Minimum Deposits
If you are looking to get involved with binary options for the first time, low minimum deposit requirements may be of interest. For traders just looking to try binary options, a low minimum deposit broker might be best. A small initial deposit keeps risks low. Minimum deposits start at just $5 and there are a growing number of brokers offering low minimum deposits – “low” would be any minimum under $50.
Likewise, all brokers will have a minimum trade requirement or trade amount too. These can vary greatly between platforms. Minimum trade figures range from $1 to $25 – which is a large difference if a trader plans to trade frequently. For some traders, this might be less of a factor in terms of finding the best broker for them, but for others it will be very important. Practice accounts are a zero risk way of learning to trade.
One element many traders use to find the best binary options trading account, is the payout percentage on offer. This is not always a simple comparison however. Payouts will change based on the underlying asset being traded, and the expiry time of the option. In addition, payouts will change as the broker manages their own risk. So if one broker was originally the best price, things may then revert and mean that another now has the top payout.
So the most an investor can do, is to check the payouts for assets, and expiry times they are most likely to make, and judge which brand offers the best terms most often. Demo accounts are good when researching payouts on specific assets and trades.
Exchange traded and over the counter brokers will have different payouts – and they will not be easy to compare. In general, exchange traded options offer superior value. Nadex are one example of an exchange.
So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you like. So even if an account turns out to be poor, it is easy to up sticks and find a new trading firm. Likewise, a trader could have multiple accounts, and open trades at the broker with the best terms for that particular trade.
Which is the Best Binary Trading Platform?
Naming the best trading platform is not easy, simply because trading platforms and proprietary (bespoke) software are normally a question of personal taste. One user might like a simple layout, while others might need a lot of data on screen all the time.
However, platforms do have different levels of quality, both in terms of ease of use, and features. Broadly speaking, brands which offer Contracts for Difference (CFDs) in addition to binary options, deliver a more feature-rich trading platform or advanced software.
So the likes of Nadex and IQ, will deliver a very professional trading platform. MetaTrader integration is also normally provided at the more professional brokers (Some use both mt4 and mt5 functionality) . This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly.
Intro To The IQ Option Platform
How do Brokers Make Money?
Binary options brokers make money via one of two business models:
- As a counter-party, ensuring an ‘over round’ via payout percentages. Known as ‘Over the counter’ (OTC)
- Via a spread or commission on an exchange traded model
People who have experience of other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time may find themselves asking the question: “Where is the commission?”.
With OTC binaries however, there is no commission. In theory, the term ‘brokers’, is not correct. Binary firms are not arranging a deal or acting as a middleman, or as a market maker; What they are, is the counter-party to each of their customers’ positions. So there is no fee or commission for the trade. Instead, each customer is essentially betting against the house. Where brokers have both sides of a trade covered, they have a handsome margin. Where they do not, the payout still gives them a level of protection. In certain circumstances, the broker will also hedge it’s own position to mitigate risk.
Those companies (Nadex, for instance) that trade binary options via an exchange operate much more like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. This charge is normally hidden within the spread, rather than an explicit cost. There is far less risk involved for the broker, and therefore generally better returns per trade for the trader. Brokers can be actively compared using the spread – the tighter the spread (difference between buy and sell prices) the cheaper it is to trade.
Brokers using the spread model often also offer leverage, or trading on ‘margin’ via their software. This increases the trade size for the trader – and profit for the platform.
Should You Use Multiple Brokers?
There are some very good arguments for having more than one binary trading account:
- Brokers suit certain trades. Different brokers will suit different trading styles, or trade types. So one broker might be excellent for shorter term trade types, and have great payouts on forex pairs. But that same brand may be slightly less good when it comes to offering boundary trades or indices payouts. If a rival had a full set of long term expiries with great payouts, and lots of choice of boundary trades – it makes sense to have accounts with both platforms, and place trades with the broker that offered the best deal for each trade.
- Demo accounts. Multiple demo accounts makes perfect sense – you want to try as many brokers and trading platforms as possible before deciding where to trade.
- Reduce risk. Accounts at more than one broker protects you from any issues with a particular firm. From issues as serious as insolvency, to smaller things, like website downtime, software issues or a market being closed – multiple accounts reduces your risk of being affected by any hardship a broker might face.
- Multiple offers. Each sign up can mean a new bonus, so it might be worthwhile taking up more than one account to receive all the offers. As ever, read the terms – and also note that on occasion, larger deposits might mean larger bonuses – so splitting them may not be the best choice.
- Spread winnings. Some brokers may look for winning traders on their books, with a view to restricting their trading, perhaps limiting trade size – or worse. While this threat is thankfully small, multiple accounts means spreading the winnings out. Most brokers will search for “winners” based on total profit rather than strike rate, so hiding the volume across broker accounts can help you stay below their radar.
Exchange versus OTC (Over the Counter) Brokers
A broker that offers an exchange is much closer to a traditional ‘broker’ than OTC brokers. An exchange performs the job of ‘middleman’. They will match a seller of an asset, with a buyer of the same asset, and charge a commission for putting the deal together. The market itself will decide the prices – if there are more sellers than buyers, the price will drift down until demand rises. If there are more buyers than those willing to sell, the option price will rise.
A broker operating an exchange does not mind who wins and who loses. They take no risk on the trade themselves (unless the traders are trading on credit). The broker will make their commission on the trade regardless of the outcome.
Due to this reduced risk for the broker, the returns for a winning trader are generally larger. Commissions are usually small relative to the size of the trade, meaning they do not impact the payout too much. Other benefits include the fact that stop losses can be applied, and also that trades can be closed at any time (to take a profit or reduce losses).
The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. Where 0 is the figure used where an event did not occur, and 100 where it did. If the current price is currently 30, a ‘buyer’ would risk 30 times his trade size, to potentially win 70. A ‘seller’ therefore, would risk 70 to win 30. While not a complicated equation, it is slightly more complex than the straight forward over the counter option.
OTC (Over The Counter) Brokers
The most common type is the Over the counter (OTC) broker, but this type of firm is not really a ‘broker’ at all strictly speaking. They are the counter-party to one side of the trade. So where a trader opens a position, the broker will win or lose money, based on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade, will they have assured profits.
Due to this increased risk, the brokers will offer a lower payout which mitigates some of the risk they are taking. It is therefore likely to be lower than an exchange traded broker. Some firms will also have built in ‘hedging’ mechanisms to reduce risk further. In some cases, one side of trade might be made unavailable if liabilities get too large.
The simplicity of binary options is retained with OTC brokers. They have also made great strides in competing with exchanges by offering ‘cash out’ values for options, allowing traders to close positions early, and set up stop losses. Once those features become common the gap between OTC and exchanges will get smaller. For now, traders are better off trading on an exchange – but might be advised to learn the differences via demo account.
Have you had a problem with your broker? Submit a complaint
Deposit and withdrawal options do vary at each brokerage. Each of our reviews will explain which each firm offer, but below is a list of the most common options.
If you are looking for brokers that support a specific payment method:
- Wire Transfer
- Credit cards / Debit cards
All of the factors covered above will ultimately affect the way a trader plays the market, and therefore, their profitability. The ideal situation is to get a binary broker that offers:
- Several financial assets spread across several markets
- Offers a reasonable bonus with a good payout approaching 90%
- Offers flexible expiration dates without boxing traders into very long expirations.
Trading using a broker’s platform will only be enjoyable, and profitable, if you are using a reputable operator. You also need to choose one that suits your trading style best – only you will know what that is. Read the above binary broker reviews carefully before making that crucial trading decision, but remember you are not tied in to any single broker, and can pick and choose.
TradeThunder Review – Binary options broker with $1 trades
TradeThunder Review – Binary Options Army
BinaryOptionsArmy is happy to introduce our top trusted binary options broker that is USA friendly. TradeThunder.com is a perfect solution for people who live in United States. This is also a perfect broker for those who are struggling financially as Trade Thunder offer very low minimum deposit of 20$ and minimum trade requirement of only 1$. These are very low requirements considering that average deposit requirement of 100$-500$ is industry standard in binary options.
As you may know that SpotOption.com binary options trading platform is no longer available in the U.S. That being said SpotOption labelled brokers no longer accept new traders from United States. SpotOption.com are in the process of getting new regulations with the CFTC (Commodity Futures Trading Commission). These news were shocking, because it means that traders from USA are left with only handful of binary options brokers to choose from.
We are not mentioning Nadex.com platform because they don’t offer the standard features that are found with “Spot” brand.
We did deep research about Trade Thunder and we can declare that this reputable broker in general. We didn’t find any negative reviews or negative feedback from other traders in relation to TradeThunder. So, there is absolutely no reason to say that Trade Thunder is a fraud binary options broker. We are always putting emphasis on reliability of a broker. On the other hand we also did research on * Platform speed, * trading features, * payout timeliness and * customer service.
TradeThunder video review on YouTube
Let’s go into more technical details of what Trade Thunder is offering:
Free Demo Account for beginners.
Minimum deposit: 20$
Managed accounts starting at $200.
Minimum trade: 1$
Available in the USA and rest of the World.
Trading Platform: Leverate BX8.
Trade Thunder is owned by LGK Industries LTD.
Location: 20-22 Wenlock Road, London, England N17GU.
Fund Withdrawals will take 3 to 5 business days.
Telephone- UK: +44-2031501861. US: +1-646-755-6101. Australia: +61-286078459, Canada: +1-613-8007560
Email: [email protected] Live Chat is available on and off.
TradeThunder is the first low minimum deposit broker to offer traders the Leverate BX8 trading platform. Leverate is well known in the Forex and Binary Options industry. Trade Thunder Broker Trade Thunder broker offers more than 40 forex pairs, market indexes, stocks, as well as commodities. Payout for the trades goes up to 90%. For example if you invest 10$ in a trade, you will receive 19$ in return. As you change the time frame of the option, the returns change. We really like the simplicity that this software offers, and it is good from experienced and new traders esecialy with low minimum deposit requirement.
The increasing demand for binary options broker with low minimum deposit is not only among US traders. So we want to remind you that Trade Thunder is available around the globe. They also customer service in Spanish, German and English.
Note, if you are living outside US then we recommend you to sign up with fully EU regulated broker either TopOption or OptionTime. Please visit our Top Trusted Brokers List. We also recommend to open free demo account with the broker before depositing real money if you are new to binary options trading.
Make sure you visit CFTC-Respect.ORG for a list of US binary options sites that are complaint with the CFTC and SEC regulations and business practices. BinaryoptionsArmy.com is a proud member of this union.
Alternatively please leave a reply and share your personal experience and thoughts of TradeThunder broker.
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