Probably the easiest part of starting out trading binary options is opening a binary options trading account with an online broker. With most brokers, you can get an options trading account set up in a manner of minutes, and start trading almost immediately.
Before you open an options trading account, you want to take the time to research different binary options brokers and choose one that is right for you. Take some time and read online reviews of different brokers, so that you can choose one that offers the products that you want to trade, and the services that are important to you. You also want to look for other benefits the broker might offer, such as deposit bonuses or rebates on losing trades. Taking a little time to do research now on options trading accounts can save you a lot of time and hassle in the future when you realize your broker doesn’t offer the things you want.
Once you’ve chosen a broker, go to their website and find the ‘Open a New Account’ section of their site. The world of binary options is hyper-competitive, so brokers are constantly looking for new clients and the new accounts area is always easy to find. Just click on the button and fill in a short form with some details about yourself such as your email address, phone number, and address, as well as your log-in and password.
Once you’ve filled out the new options trading account form and agreed to the Terms and Conditions, you will have to verify your account by giving them a credit card number or linking to an electronic wallet. This is simply to verify that you are an adult and who you say you are; reputable brokers usually do not require you to make a deposit immediately.
Once you are signed up for your new binary options trading account you can start getting familiar with the site through the demo account. And when you feel ready, you can make your first deposit and start trading!