Online binary options brokers, also called binary options trading platforms or binary options trading internet sites are in some respects the new kids on the block in the investment world. These services are a great choice for small investors who don’t want to be overly exposed to risk. They also offer the advantage that you can see a return on your investment sometimes within minutes. You don’t need to be an investment whizz to trade binary options – anyone can join in. It’s therefore recommended you find out more about the concept of binary options trading before you start. Luckily for potential investors, many trading platforms feature in-depth descriptions detailing the inner workings of binary options trading. Binary options, also called digital options, effectively centre around attempting to anticipate the behaviour of an asset, for example, whether its value will see an increase or a decrease. Whether investors add to their investment or take a hit is determined by how correct their forecasts were.
In either case, they will have known in advance how much they potentially stood to gain or lose.
‘Assets’ take in oil and other commodities, foreign currencies and stocks. Many trading platforms provide demo accounts useful for having ‘trial runs’.