Are Binary Option Accounts FDIC Insured?

No, binary option accounts are not FDIC insured.  The accounts are held at brokerages, and many of them are not based in the United States.  Never put more money than you can afford to lose in a binary option account, and never keep more money than you need for trading in the account.

Take money out regularly, and stick with reputable brokers.  Remember, part of the advantage of trading with binary options is that you do not need to use large positions to make money.  Keep your balance manageable, use small positions, and take money out from the brokerage as you earn to limit your risk.

Why Do You Recommend Binary Options For Scalpers?

Binary options provide incredible profit opportunity for scalpers who can predict small movements with high predictability.  A successful scalper can use less capital and make significantly higher returns using binary options than a trader with a traditional brokerage account, especially since binary options do not have commissions like a traditional brokerage.

What Computer Equipment Do I Need?

You do not need any special equipment.  A relatively modern computer with a reliable internet connection is the basic requirement.  We recommend the following minimum specifications for optimal performance.

CPU: 2+ GHz processor

Memory: 2 GB of RAM

Disk: 100 MB of Free Disk Space

NIC: 100 Mbps Full Duplex

OS: Window XP Pro, Windows Vista, or Windows 7

Internet: 3 Mbps minimum (recommended 10 Mbps)

A reliable internet connection is of the utmost importance.  No one likes being stuck in positions without internet access.

 

Can I Trade From Anywhere?

Yes.  You can trade from your home computer, or any computer with the software downloaded and an internet connection.  Our group communication operates effectively with the chat room, and it does not require you to be located in any particular location.  You can trade from anywhere in the world.

Are you a Brokerage?

No we are not a brokerage but we can make recommendations if you wish, both with retail and proprietary trading brokerages depending on the features you are looking for.

What is Direct Market Access? Why is it Good?

Direct market access means that traders have access to various ECNs to source liquidity, and traders are able to get all rebates and fees passed through to them for trading over these markets.  We offer direct market access to BATS (BATSBZX and BATSBYX), Direct Edge (EDGX and EDGA), NASDAQ,  ARCA, The New York Stock Exchange, and Others.  We also offer access to many dark pools and mixed routing strategies so you can source liquidity from many market locations to optimize your fills.  Check out the fee structures for some markets like BATS BZX Exchange.  These rebates can add up to significant savings.

Do I Need A Series 56 to Open An Account?

No not necessarily it depends what kind of brokerage account you would like to use.  United States citizens are required to pass either their Series 56 or Series 7 exam prior to trading in a proprietary brokerage account.  Citizens of other countries are not subject to this rule at this time.   Traders in retail accounts are not required to have any particular licensing.

I Want to Trade With You. How Do I Sign Up?

Simply go to our form on the side of the page, or go to Join Our Team and fill out our form on the bottom of the page.  If you have a question please feel free to ask, and we will contact you shortly with any information we can give to help you.