Forex trading has been one of the most popular investment opportunities in the financial market for a long time. As the trading industry continues to evolve and expand, forex brokers have started to offer binary trading as a new investment product to their clients. Binary trading has attracted a lot of attention from investors because of its simplicity, high returns, and limited risk.
Binary options, also known as digital options, are a type of financial derivative that allows traders to make a prediction on the price movement of an underlying asset. Binary options have two possible outcomes – either the investor makes a profit or loses their investment. This type of trading is different from traditional forex trading because it has a fixed payout and expiry time.
In this article, we will discuss which forex brokers for 2016 now offer binary trading and what traders need to know before investing in binary options.
1. IQ Option
IQ Option is one of the most popular brokers in the binary options trading industry. It offers a user-friendly platform, low minimum deposits, and a wide range of assets to trade. IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers high payouts of up to 95%. The broker also offers a demo account for traders to practice their trading skills before investing real money.
2. 24Option
24Option is another well-known binary options broker that offers a user-friendly trading platform and a wide range of trading instruments. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers high payouts of up to 88%. The broker also offers a demo account for traders to practice their trading skills before investing real money.
3. Binary.com
Binary.com is a popular binary options broker that has been in the industry for over 20 years. It offers a wide range of trading instruments, including forex, commodities, and indices. The broker is regulated by the Malta Financial Services Authority (MFSA) and the UK Gambling Commission. Binary.com offers high payouts of up to 100% and a demo account for traders to practice their trading skills before investing real money.
4. Nadex
Nadex is a US-based binary options broker that is regulated by the Commodity Futures Trading Commission (CFTC). It offers a user-friendly platform, low minimum deposits, and a wide range of assets to trade. The broker offers high payouts of up to 100% and a demo account for traders to practice their trading skills before investing real money.
Before investing in binary options, traders need to be aware of the risks involved. Binary options trading is a high-risk investment product that can result in the loss of the entire investment. Traders need to have a clear understanding of the underlying asset they are trading, the expiry time, and the potential payout.
In conclusion, forex brokers for 2016 now offer binary trading as a new investment product to their clients. Traders need to be aware of the risks involved in binary options trading and choose a regulated broker with a user-friendly platform, low minimum deposits, and a wide range of assets to trade. IQ Option, 24Option, Binary.com, and Nadex are some of the popular binary options brokers in the industry that offer high payouts and a demo account for traders to practice their trading skills.
