As for the funding of trading accounts, Magnum Options supports deposits by credit/debit cards, Neteller and Bank wire transfer. For withdrawals, traders may use their credit cards or go through a bank wire transfer. However, traders are only entitled to one free withdrawal per month and up to a maximum amount of $2000 per week. Subsequent withdrawals within the same calendar month are charged a $30 withdrawal fee. Withdrawal requests are processed once a week on every Thursday and takes up to 7 business days to be processed.

The maximum investment amount is $1000, but you can trade as many $1000 trades on one binary options asset as you want. TradersRoom uses the internationally accepted security system SSL (Secure Sockets Layer) that encrypts all credit card payments over the web. According to the website TradersRoom is a global privately owned and operated by Cathrock Ltd. It is headquartered in London, England, with offices spread around the world.

The Asset Index is very useful and is spread out into Stocks, Currencies, Commodities and Indices. The How to Trade explanation on the homepage is a useful feature for beginners. There is also a CNBC Finance news feed on the homepage that keeps you up to date with the latest news.

TradersRoom was established in 2010 and is starting to attract new customers daily. There are 4 languages available, catering to a certain segment of the binary options market. The website speaks of digital options and binary options, even though they are both the same. Winning trades pay up to 75% and losing trades pay up to 10%. Whenever you want you can view your transaction history in the My Account tab.

Operational since 2013, Magnum Options is a relatively well known binary options broker within the online binary trading community. Since its inception 4 years, this broker has grown by leaps and bounds ever since. Over the years it has built up a loyal following of loyal clients by providing them with personalized attention as well as servicing all their trading needs. With live news feeds, traders at Magnum Options will always be kept updated about current developments in the market. Regardless of one’s trading ability, every traders will no doubt enjoy a fulfilling trading experience with this broker though its intuitive trading platform and dedicated customer support team.

Whether Binary Options are gambling is a question asked far and wide. A question asked by traders, brokers, regulators, and other parties interested in binary options. So let's settle this once and for all, binary options ARE gambling. However, before you start picturing flashy lights and playing cards, let me further explain what this means.

By purchasing a basic binary put option, the trader is simply speculating that the price of the underlying asset will be lower than the current market price when the option expires, typically within next few minutes or several hours.

Choose from 1 platform, but 2 ways to trade. On the homepage you can simultaneously view different assets and type in an amount to see the predetermined sum of money you can receive if your trade wins or loses. Every time you purchase a binary option you can follow its progress with a graph. Additionally, next to each graph on the homepage and with the asset you purchase you can view the percentage of Calls and Puts.

What you need to do as a smart investor/gambler, and what many do, is to manage and mitigate your risk. The risk will always be there and the higher the payouts the riskier the investment vehicle is. With binary options, the payouts are high but the risk is fixed. You will never lose more than what you've invested in one position. This is actually similar to bank deposits, you invest a certain amount of money, you may be protected up to a certain sum depending on your government, and the bank offers you a fixed annual percentage. However, with banks since the risk is relatively low so is the payout on those savings accounts. In most cases the payout doesn't even cover inflation.

In most cases what the binary options trading platform does, is it gives you great opportunities, like bonuses and such, and makes it look like making money there is just a walk in a park. What really hapens is you put the money in, you get the bonus and then your money is locked in. Because (you had no idea about it because you didn't read terms and conditions and nobody actually told you that) there is a necessity of reaching the "turnover" before pulling out the money (your investment, your income and bonus).

This is a way to chart the progress of an asset and to use a formula like geometric brownian motion to figure out how you asset will do over a set time frame. Then, you have three main decisions to make about whether the binary asset will touch a certain number, come within a range, or move up or down. And that’s it!

Binary options are basically gambling dressed up to look like investing. They are a safe way to lose money over the long term. Where I live, binary options are treated as e-gaming and regulated by the Gambling Supervision Commission rather than the Financial Services Commission, which regulates investment firms.