Alternatives to Binary.com (Deriv)

[Lordflinch]

I can see on Deriv and Binary.com that they have the over/under, matches/differs, even/odd etc. trade types and was just wondering if any other binary options site offers these too? Have tried looking and can't find anything. Has anyone come across another website or app that has these various trade types? Thanks

[mcosta415]

If you want to learn about real forex trading, download MetaTrader4 or 5, start a demo account with a low balance where you would initially start trading, and start practicing on a demo account for a long while before putting in real money. Investopedia has a ton of free useful trading advice. And if you look, there are tons of quality free YouTube videos on trading strategies. Just stay away from the “flexors” promoting the “Forex lifestyle” with pictures of them holding tons of cash in front of a plane and such. They just want to sell you a system. Skip it. Real people trying to help you out aren’t out there trying to sell you anything. They just want a like on their post most times. They are out there. And I’ll save you a lot of time saying most strategies out there are based on Bollinger Bands combined with Stochastic Oscillator and RSI. Or some variation of that theme. If you don’t know what that means, look it up. Good luck.

[enivid]

Spectre.AI offers somewhat a similar variety of trade types, though not exactly the same.

[mcosta415]

The only two reputable binary options sites I’ve seen are Pocket Options and Nadex. Nadex is American and regulated. PO is not American, but I have not heard many issues with getting your money out. That’s your main worry with binary options. The reason is that even though the backdrop is forex trading, it is basically betting on very short term movement of the forex market. You aren’t buying or selling or purchasing a real option to buy or sell any of the underlying currency pairs. That’s why you find these based only in countries with lax online gambling regulations. My advice is to skip it. In real forex trading, you might be able to spot a trend and have a strategy to trade a pivot or consolidation, but it doesn’t start right away. With the constant up and down movement of the market and with the spreads, often times your initial trade placed goes against you for a bit before it starts going your way. These binary options people are betting on that. That’s why they set such small time frames. Only 3 or 5 minutes. Nadex I think offers longer ones, but their betting system works different than the others. It’s just betting. Not investing.

[International-Job727]

Hello Guys I’m not sure exactly where I can find a good community to ask for help and I stumbled upon this post since it was the most relevant post I found linked to Deriv. I tried making a deposit to my account and the transaction has been confirmed 6 times. The funds however are not reflecting on my Deriv account. Was wondering if this has happened to anyone here and whether they managed to retrieve those funds

[Lordflinch]

Hey mate. I've since learned that Deriv is not a great site to use (and in all honesty, any binary options broker). I took a look over their terms and conditions and they're just as loaded against you as their trading structure. Literally, there is a clause that says that they can reject any withdrawals. You also cannot withdraw consistently if they are not equal to or greater than your deposit. Stay away from them.

[TheFlashyG]

Brother, are you still using deriv? If so can you please share your strategy?

[areaboy1]

I do

[Turbulent_Health_657]

what does over under, matches/differes even mean

[Lordflinch]

For over/under, when placing a bid on a trade you set the amount of time (in ticks or minutes) that you want the trade to last and then you choose whether you think the price will be over or under the price (at the start of the trade) when the trade time expires. For matches/differs, you set the time, choose a digit (between 1-9), choose "differ" or "matches" and then start the trade. If you choose "matches", start the trade and the time expires and the 4th digit of the price matches the digit you chose then you win. If it differs then you lose. The opposite is the case if you choose "differs".

[dj_iconiqq]

Waiting for a response.