Binary Betting is even harder to win at because of the absolute nature so expect win rates to be even lowerYou just have to look at the annual and monthly performance from hedge funds in Euro Hedge. The best and highest paid managers in the world make about 15, some even consistently lose money. So if customers cant make money spread betting, and the best managers in the world cant make 100 (like binary betting marketing suggests) what chance does Mr smith have betting bad odds on a short term market move Of course they dont make money.But binary betting is there for a reason. It fills the gap for punters that want a quick fix at beating the market. Its exciting because the results ares quicker that spread betting on the FTSE and to a certain extent your loses are limited from the outset.Just as spread betting on a horse can lose more than your fixed odds bet at William Hill. The same is true of binary betting, and yes, it is much like betting on a horse race, your losses are fixed and the outcome is about as random as it gets, no matter how good at intra-day technical analysis you are.Despite what the marketing suggests the returns on binary betting are actually very low compared to spread betting. With spread betting you deposit initial margin and your profit or loss is potentially unlimited. However, with binary betting, you only get long odds if a probability is highly unlikely. Obviously, events with a low likely hood rarely happen and as such when you bet on probably binary events you get a very low return based on the risk.As binary options are not really regulated there is no oversight on how they can be marketed. Binary betting is a high risk short term bet or speculation. Investing is based on sound fundamental growth prospects, which are not applicable to binary options.If you must binary bet, you should at least go with a UK based and regulated broker. Dont go near anyone regulated off shore or get drawn in by marketing that suggests you can double your money. There are only a few UK regulated brokers that offer binary betting. IG of course being the biggest and best, you can read up on them here.Last updated 8/28/15Binary Trading Brokers ReviewedIf there is one thing we hate in Canada, that is getting ripped off. Trading with a reputable binary option broker that accepts traders from Canada ensures your money is protected through enhanced security and a trusted website, however not all trading platforms offer this.Updated For 2015There are many brokers proven to be trustworthy. There are many more brokers who have proven to be untrustworthy. Keep in mind that many traders lose money when they start trading binary options. This could be because they are just not very good traders or they are making mistakes that end up costing them money. Many of these traders blast the broker directly even when it is the traders fault. We have been in the business long enough to list out the good brokers from the bad.One of the most respected binary options brokers, 24Option (24option) offers easy to access customer service and extensive resources that help you to become an experienced trader. Additionally, 24Option offers a low deposit demo account. With 250 you can access a binary trading account with trial money designed to help you get more comfortable with trading binary options without the risk of real money. At 70-85 returns, they are competitive with most other brokers and they on average will have the highest returns for FX binary trading. See full review.Based out of Cyprus, Banc De Binary (bbinary) is a top-picked platform among higher net worth individuals who are looking to trade in larger amounts. In addition, they offer one of the most extensive selections of available assets. Banc De Binary has a high minimum deposit of 500 to begin. However they make up for this by offering some of the highest returns among brokers of up to 90. They also offer exceptional customer service. If you can invest 500.00 they will set up a 50,000 demo account for you to trade with and practice until you are ready to trade for real money. Learn more here.GOptions remains a top choice for Canadian traders with their low barrier for entry. It is only 200 minimum to get started and they offer a fast withdrawal for verified accounts. You can start trading binary options with the lightning fast turbo options that expire in 30 seconds and 60 seconds. Or you can go for the more traditional options and trade the longer term binary options. Support is quality and the overall size of the broker is on the medium size. They are not as large as the other brokers we recommend but they do offer a bit more personalized service. You can join group skype calls to learn the ins and outs of trading at GOptions for free once you get signed up. If you are willing to deposit at least 500 you can take advantage of 4 risk free trades of 25 each.A well-rounded broker, OptionFair offers a good selection of assets, average payouts and a minimum deposit of 250. One feature unique to this broker is the fact that they offer a free demo account with no minimum deposit for a period of 72 hours. Thereafter you must place a deposit to continue to use the demo features. Some users find that there is a lack of trades available to enter with short expiry times, however for beginning binary options investors, this is not a big issue.TradeRush (traderush) is a sound, reputable binary options broker, offering a wide variety of assets available to trade. As with many binary options brokers, the website is fully self-contained, meaning all your trading takes place within the website no software is necessary to download. The typical payout on a winning bid is very reasonable, between 65-81 and a losing bid is up to 10. TradeRush also offers a large selection of 60-second options that allows for more trades per day and creates an exciting environment. They are one of the top brokers of choice of websites like binarytrading.org. Find out more details in the review.Each binary option broker has slightly different features and drawbacks however the most important consideration is whether you will feel safe while trading. Check out each of the brokers on this list and decide for yourself which features and layout are most important to you.Yes. And as the economy continues to improve the number of traders is going to increase.
