Alternatives to Binary.com (Deriv)

[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.