Low Deposit Binary Options Brokers
When you are new to trading in general or more specifically, binary options trading, you wouldn’t want to risk too much at your first deposit with any broker. Firstly, because you want to check out what’s actual trading look like. Secondly, you just want to stay cautious because this’s a your first time deposit, if things go well, you’ll have more than enough time to add more funds later. Therefore, it’s important to do a little research to know which brokers offer low deposit to kick start your trading career.
A Binary Options brokers always have a certain minimum deposit because they have certain minimum trade size. For example, if the minimum trade size is $25, it wouldn’t make sense if the minimum deposit is just $50. There’s high chance that you’ll burn your account without even making a proper attempt because a bad run is enough to wipe your account out of the game.
Low Deposit Binary Options Brokers
1. StockPair – $200 deposit requirement
StockPair is one of pioneer in binary options market not only because of their early entry in 2010. The trading platform Stockpair is under the management of a mother company named Nexttrade Worldwide Ltd. This web-base platform provides simplicity and flexibility for customers in trading without any downloadable sofware requirement and traders have the ability to trade from anywhere.
Another reason for StockPair’s popularity among brokers is their payout per trade. According to their terms, each option has its own conditions as well as returns rates, which is usually higher than the market’s average. For example, fixed pair options has the normal payout is 86%, which could be up to 350% in some trades. For more information, read StockPair review .
2. TradeRush – $200 deposit requirement
Founded in 2011 with head-office in Cyprus, TradeRush is another stand out broker in binary options trading market. Trading with TradeRush, investors have chances to challenge themselves in various types of tradable assets including currencies, stocks, indices and commodities. Total number of available assets on TradeRush is about 100, with the choices of expired period widely from sixty seconds to six month; traders have a lot of chances to make their money. Learn more about TradeRush, read TradeRush review .
3. uBinary – $200 deposit requirement
In 2010, a group of experts of the financial world established a new broker on binary options trading market named uBinary. Being regulated by CYSEC, uBinary is one of the most trustworthy brokers even though they are just starting out. Furthermore, uBinary offers very high percentage of payouts and rebates, which is barely seen on other brokers. Besides, they use many unique promotions to attract the trader’s attentions. They also offer a lot of insurance plans to help their customers succeed from the very beginning. For more info, read uBinary review .
OptionBit, like uBinary, has very low minimum deposit; with just $200 you could start trading with OptionBit. OptionBit use Tradeologic trading platform for their traders; there’s nothing to worry about Tradeologic platform because it’s a mature platform which’s used by a lot of binary options brokers. OptionBit’s payout is up to 81% initial investment, which’s somewhat among average, not the worst payout but not the best one either. OptionBit doesn’t have a great range of underlying assets, they just offer around 35 underlying assets for traders to trade. It could affect some traders who want to trade a rarer assets than others, however, 35 assets are still decent enough because it covers all the major in stocks, currencies and commodities. For more information about OptionBit, please read OptionBit review .
Does Low Minimum Deposit matter?
When you are trading, the very first and foremost thing you should bear in mind, which’s RISK . Before doing anything, ask yourself, what’s my RISK here and then analyze the pros and cons of the situation thereafter. As a traders, always try to risk as less as possible in any situation. They say that most beginners lose money in this game; the reasons that beginners couldn’t stay profitable vary greatly; a few stand-out reasons could be: beginners don’t have a solid strategy, beginners don’t know how to control their temper, beginners don’t know to manage their funds. For more reasons on why beginners couldn’t make it, read the article why do traders fail. That being said, if you are a rookie, it’s best to start low and build up from there. Finding a low minimum deposit Binary Options brokers could be a great start.
An important thing to note is that, you should always consider the ratio of minimum deposit and minimum trade size. If a Binary Options broker has minimum deposit at $100, however their minimum trade size is at $25, then only a 4 losing trades in a row could burn your account. Therefore, it’s important to start with a broker who has low minimum deposit but also low trade size, so that you have more rooms for errors and experiment your trading systems. For example, OptionBit has $200 minimum deposit and you could start trading with as low as $10 for each trade. Another example would be Banc De Binary. their trade size is just at $1 but they have quite high minimum deposit which’s at $500. In fact, $500 minimum deposit is one of the highest minimum deposit in Binary Options industry.
When should you deposit more?
After the initial minimum deposit, your trading method works well, you start to see consistent profit and you like the broker. It’s time to scale thing up. It’s difficult to deposit just $100 and expect to make $3,000 every month, unless you are a super traders and have a very high winning rate. What other traders usually do is that they deposit a little more, then increase their trade size and effectively that would increase their profit. So, it’s important to take a deep look and analyze your trading system. Ask yourself a few question: What’s my system’s winning rate? From $XXX amount, how much I could earn per month from that winning rate? I want to earn $YYY passive income per month, how much money should I deposit more to reach that goal?