Are you getting ready to shift to the world that is binary options trading? It is an exciting prospect indeed. Of course, you need to pick a broker to work with. This is probably the single most important thing for you to do. If you don’t pick the right broker, there is a lot that could go wrong. For one, you could end up getting scammed out of your hard earned money. You could also wind up with very little diversity of assets and a ton of other issues.
If you only have $100 in your account to spend on binary trading, and you’re worried that you won’t be able to find a niche for yourself, worry not. There are plenty of wonderful brokers out there that have incredibly minimum deposit requirements. You can start trading with only $100 in no time at all!
There are dozens of advantages to trading in binary options, and you probably know of most of them already. They may have prompted you to make the switch to binary trading from more traditional methods. Even if you only have $100, you can start making money very easily. Most trades cost a minimum of $1 to start, meaning you could make at least 100 trades! In addition to this, a lot of brokers have bonuses on offer for new traders. You could get up to 100% of your investment back based on the broker you choose. Look for factors like reputation, bonuses, minimum deposit amount and diversity before you choose the broker you want to trade with. Here are some lovely brokers with tiny minimum deposits for you to start with:
IQOption has been around for 4 years now (since 2012). The minimum deposit here is only $10, meaning you can open an account with a tenth of the money you were expecting to invest! Each trade only costs $1 to place. You can also enjoy up to 92% in returns from the broker if you win your trades, which is absolutely delightful. In addition to all this, you also get the option to switch between currencies like USD, GBP, AUD, and even Yuan. While traders from the USA, Japan and Syria (among others) are barred from signing up, this is mainly because of current finanacial restrictions. It is CySEC regulated and has a great interface for beginners.
2. HighLow Options
HighLow is a broker that has been in the game since 2014. Again, you only need $10 to open an account here. It is based in Australia, and uses the MarketPulse platform, which is one of the best out there for brokers. A demo account is available for all new traders to learn the ropes and get used to the platform as well. One of the best parts of this broker is the presence of a great mobile platform. While each trade costs a minimum of $10 as well, starting with $100 grants you 10 trades right off the bat. With up to 90% in returns, this isn’t a bad deal at all.
This is a 4 year old UK based broker that has a minimum deposit amount of $100, which is perfect for you. It grants returns of up to 85% upon winning a trade, and allows you to place those trades for as little as $5 per trade. It also has a great trading platform and customer support, along with great educational materials!
Don’t let these three brokers be your only choices though. Go out into the world and check out the many different options you have in front of you. Make your choice wisely and you will not regret it one bit!