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Thread: Advice needed!

  1. #1
    Specialist Member marc's Avatar

    Advice needed! !!!

    As 4XP sold their BO business I am in need of a new broker

    I will follow the reviews at BOTS but I am still undecided, which broker to choose ... at the moment I think about anyoption, stockpair or 24option ... but all the infos I could find online at various 'Broker-Reviews' about the payout rates seem completely outdated, so maybe someone who is trading with one of the above broker can answer me some questions:

    Usually I only trade High/Low on EUR/USD, GBP/USD, GBP/JPN and on 15M/30M/60M timeframe ... my old broker had a payout of 85% ITM and 0% OTM for these trades (during London and NY session) ... and there was also the possibility to preclose the trades ...

    Which (trusted and regulated) broker has similar rates?
    Many thanks for your answers!

    @Admins: sorry, for possibly posting in the wrong section ...

  2. #2
    Moderator Kolyo's Avatar
    Hi marc,

    Actually your choice will depend mostly on your preferences of the instruments, options duration you prefer and of course the payout. Your previous payout rates wasn’t the best one even with such high rate as 85% ITM, because 0% ОТМ payment. There is no difference when you trade regularly between 85:0 or 70:15 ratio of the payouts. So I am pretty sure that there will be even better rate among the brokers you mentioned. Some of the information in the reviews is really a bit outdated so the best way to find out what are the actual conditions is to search through the websites of the brokers or to ask them in a personal chat. I have made a dozens of chats and always they provide the necessary information upon request. I wish you good luck and if you have any other questions don’t hesitate to ask here

  3. #3
    Specialist Member marc's Avatar
    Quote Originally Posted by Kolyo View Post
    Actually your choice will depend mostly on your preferences of the instruments, options duration you prefer and of course the payout.
    Thanks Kolyo ... but what you mentioned above – my preferences – are actually that, what I tried to ask in my first post

    I contacted the support hotlines of the various broker, but the answer is mostly "Please, look at our homepage ..." (where the info is NOT available or clearly stated)
    Some of the infos you seem to get only AFTER signing up ... a payout rate of 85% is irrelevant to me, if I get that on end-of-day trades (which I don't trade) ... or if I need a Super-Platinum-VIP-Account for that!

    So I thought, it would be easier to get these infos from the community here ... without all the marketing/advertising blabla ... so again, here are my preferences:

    - 15M / 30M / 1H
    - EUR/USD, GBP/USD, GBP/JPN
    - 80–85% payout (85/0 or 70/15 or 75/10 or whatever doesn't matter ... but for the mentioned TFs and currencies above!)
    - possibility to preclose trades?
    - regulated?

    So, if some of you here would just check if my preferences are available at the broker you use, I simply would like to get a short note about that ... many thanks!

  4. #4
    Senior Member raymond09's Avatar
    There are so many brokers around you. You can choose anyone of them. But choosing a right broker is seriously so tough. I think you should check brokers legal papers before making any account. and Remember, a Regulated broker is always Best from all sides. Never choose a scam broker.

  5. #5
    Solid Member
    As I am new in binary option as well I am also in need of a good and reliable broker which one will give me the opportunity to trade in demo or trail account so that I can be an expert in binary option trading.

  6. #6
    Rookie Member
    You should must to check the brokers legal papers and then make your own account.

  7. #7
    Active Member
    Quote Originally Posted by raymond09 View Post
    There are so many brokers around you. You can choose anyone of them. But choosing a right broker is seriously so tough. I think you should check brokers legal papers before making any account. and Remember, a Regulated broker is always Best from all sides. Never choose a scam broker.
    Falling prey of a scam broker should be your number one priority. Have you checked the recommended brokers in this forum?

    I think they are the best in the market now.

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