Binary Options Philippines – How to start trading? How to select the Broker?
Binary options Philippines – Binary options trading in Philippines has become popular among the new generation traders. It is because of the simplicity, profitability and risk manageability of Binary Options. Here we provide you with all information about Binary options brokers, investment strategies, and trading strategies. You can try and learn binary options trading successfully by opening a demo trading account with our recommended brokers.
Although understanding trading binary options is quite simple, trading binary options is very risky. If a trade expires in your favor, you get 70% – 91% * return ( amount to be credited to account for a successful trade ) on your investment instantly. If you are unsuccessful in a trade, you lose 100% of your investment. Hence risk management is extremely important in binary options trading.
The traders who generated significant wealth by trading binary options didn’t succeed in 100% of the trades. Rather, they used stringent money management and discipline while trading. The higher profitability and manageability of binary options is the reason why it so popular among the Filipinos.
Binary Options Philippines – The recommended brokers.
Broker Name Special Feature Review Open Account
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK.
Regulated Broker. Up to 91% payout ( amount to be credited to account for a successful trade). Check review
Regulated Broker. Up to 90% payout. Withdrawal in upto 3 days. Check review
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK.
To help the Binary Options traders from Philippines in making the right choice, we present you the list of recommended Binary Options brokers. The traders should first trade in a free demo trading account without risking their money while learning binary options in Philippines. These brokers offer you Free Demo Trading account with educational videos which help you to learn binary options. After getting enough practice in the Demo trading account you should switch to a real trading account. These Binary Options Brokers comply with strict regulatory guidelines and are shortlisted based on certain parameters and qualities such as:
- Customer Service
- Compliance of Regulators
- Safety and security of payment processing
- Number of tradable assets and payout percentage
IQ Option Philippines – Binary Options Philippines
IQ Option is one of the leading Binary options broker accepting traders from Philippines. It complies with multiple regulators in Europe and UK. Hence, you get to trade in a safe and transparent trading environment with IQ Option. Additionally, IQ Option offers Forex, CFD and Cryptocurrency trading on the same trading platform. Furthermore, you can open a free demo trading account to have a first-hand experience on all these trading features before investing your money. Find out more about IQ Option Philippines here.
What is Binary Option:
Binary Options are one of the simple and most innovative financial trading products made available to traders. These are the form of an option that provides a fixed deadline for expiration with a fixed payout. It has got two outcomes for any trade, either your prediction is correct or incorrect. If your prediction on price movement is correct you get up to 91%* return on your investment. If it is incorrect, you lose 100 % of the invested amount.
How to trade: An Example –
1. Choose the asset to trade. ( EURUSD, GBPUSD etc. )
2. Make a prediction of price direction. ( Price will go up or down as compared to present price)
3. Select investment amount. ( Select an amount to trade with , example – $5 or $10)
4. Trade (by clicking CALL – if you anticipate price will go up or PUT -if you anticipate price will go down ).
An Example of Binary options trading:
- Consider that, EUR/USD is trading at 1.12053 and you predict the currency pair will be lower in the next 5 minutes. You want to invest $25.
- Find EUR/USD in the broker’s asset list. Select the time period of 5 minutes. Enter $25 as your investment amount. Click the PUT (SELL) button, it is done – you have placed the trade. The return on this trade is 90%.
- You’ve now predicted that the currency pair EUR/USD will be lower than the current level of 1.12053 in 5 minutes time.
- After 5 minutes passed, EUR/USD is trading at 1.12012, lower than the price 5 minutes earlier, when you entered the trade. Your trade gets closed by the broker automatically after expiry of 5 minutes.
- Since your prediction was right and EUR/USD is trading lower, your trade gets closed for a profit (known as in the money). The profit for a $25 investment with a return of 90% is $22.5 ($25 x 90% = $22.5) which is credited to your broker account almost instantly.
- If your investment amount had have been $100 you would have made a profit of $90 on just this single trade.
- There are different expiry times ranging from 30 seconds to up to 5 minutes in Turbo Trading option.
- And expiry of every 5,10,15 minutes, 1 hour and 1 day, end of the day also available with many binary options brokers.
How difficult is Binary options trading? Is it complicated?
Binary trading is quick, simple to understand and profitable, but at the same time, it is too risky. You may lose the invested amount completely. You would have lost $25 in just 5 minutes in the above-shown example trade if you were wrong in your prediction. If EUR/USD would have closed above the strike price 1.12052, you would have lost the trade and your invested amount $25.
Hence it is very important that you manage the risk in binary options trading, in order to be a successful trader and make money.
Is Binary Options trading legal in Philippines? – Binary options trading Philippines
The first question asked by the traders’ community is ” Is binary Options legal in Philippines?”. The answer is “Yes, it is legal to trade Binary Options in Philippines”. It is legal to trade binary options in Philippines as long as you fulfill your local tax liabilities for the extra income generated from Binary Options trading. You should consult a tax expert to have a better idea of your tax liabilities. Finally, to trade binary options legally in Philippines, you must go for a regulated binary broker and maintain a log of your trade activities.
Binary options Philippines – Binary Options Trading in Philippines, testimonials.
“I came across this website while searching for “Binary options Philippines” on Google a few days ago. Thereafter I deposited $500 into IQ Option and started trading. Now I am so happy with the trading features and platform of IQ Option.”
* Amount to be credited to account for a successful trade.
NOTE: This article/material is not an investment advice.