My April 2020 Binary Options Winnings

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

My April 2020 Binary Options Winnings

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Software

Automated Review: Arab Money Machine

Published on May 10th, 2020 | by John Kane

Today I’m providing a review for new binary options product that tells us a new millionaire is made every day, Arab Money Machine. The CEO of AMM is Darryl Graham and he tells us that his [&hellip. Read More

Software

Binary Review: Equinox Trading

Published on May 8th, 2020 | by John Kane

Today I’m looking at a new binary options software that promises to make traders a guaranteed $10,000 every single month, Equinox Trading. Guarantees like this are made every single day in the binary options market by [&hellip. Read More

Software

Trading Course Review: Binary Diploma

Published on May 3rd, 2020 | by John Kane

Damn looking at a new binary options service that’s a collection of trading courses, Binary Diploma. They believe that the “true path to success is through education and perseverance.” The developer is Brian Davis, and he [&hellip. Read More

My April 2020 Binary Options Winnings

Published on May 2nd, 2020 | by John Kane

Hey guys, thanks for joining me for the 31st edition of the BinaryToday.com income report. This report is a monthly accounting of all my trials and tribulations. I attempt to inform the public on how real [&hellip. Read More

Software

AutoTrader Review: Binary Robot Plus

Published on April 27th, 2020 | by John Kane

Today I’m looking at a new auto-trader software that is attempting to navigate these waters more cautiously, Binary Robot Plus. What I mean by that, is that they aren’t aggressively marketing the software with fake actors, [&hellip. Read More

Broker Reviews

Broker Review: Option Banque

Published on April 26th, 2020 | by John Kane

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

Today I’m looking at a new binary options broker some of the Binary Today readers have been utilizing lately, Option Banque. The trading platform is intuitive which is in line with their goal as a company [&hellip. Read More

Software

AutoSoftware Review: Monaco Treasure

Published on April 24th, 2020 | by John Kane

Today I’m looking at a new auto trading system the claims to have changed the lives of 82 people just last week, Monaco Treasure. To be more specific, the developers of this trading system claim they’ve [&hellip. Read More

Software

Binary IQ – #1 Strategy & Signals

Published on April 17th, 2020 | by John Kane

Yes, it’s here, Binary IQ is here and we can’t be more excited or proud to unveil a trading strategy that utilizes the most intricate complexities of the market to provide DOMINANT TRADING SIGNALS. This personal trading strategy has [&hellip. Read More

Signals

Velev Trade – Velev Trading Group Review

Published on April 16th, 2020 | by John Kane

Today I’m looking at a new signal service by ViF Treid Ltd., Velev Trade, Trading Group. The service is promoted on YouTube, and on a binary options review site that I’d prefer not give any publicity to, as [&hellip. Read More

Software

Binary Review: Online Profit Generator

Published on April 13th, 2020 | by John Kane

Today I’m providing a review for a not so new binary options trading product, Online Profit Generator. The software is produced by Anders Thomsen, a man with no prior reputation in this marketplace. Yet, Thomsen believes [&hellip. Read More

Top Rated Systems

Click on the stars to add your rating, thanks!

My April 2020 Binary Options Winnings

Hey guys, thanks for joining me for the 31st edition of the BinaryToday.com income report. This report is a monthly accounting of all my trials and tribulations. I attempt to inform the public on how real binary options traders are making a living in this marketplace. So, buckle in and get ready for an in-depth lesson, and some free actionable steps you can take to start trading, and growing your account.

As always, I look forward to your feedback. You can either email me, or write a comment below with your thoughts and contributions.

$250 Account to $50K Journey

In 2020, one of the most exciting elements on the Binary Today website has to be my latest journey, where I’m attempting to turn a $250 trading account into $50,000. In this journey, I do no manual trading, and rely only on proven signal software to provide me with every single trade. There are already hundreds of Binary Today readers following in my footsteps and contributing similar success stories.

This is month 4, and the aggressive money management strategy I’m using is paying dividends. So, let’s go ahead and take a look at this months trades.

PAIR SIGNAL ORDER TIME & DATE TARGET PRICE EXPIRY PRICE EXPIRY TIME & DATE RESULT SYSTEM
USDJPY PUT 2020.04.28 17:50 111.441 111.389 2020.04.28 17:55:00 1858.62 IQ
USDCAD PUT 2020.04.26 13:00 1.35793 1.35763 2020.04.26 14:00:00 1053.44 BTT
EURUSD PUT 2020.04.24 11:09 1.08574 1.08544 2020.04.24 11:14:00 1602.26 IQ
USDCHF CALL 2020.04.21 08:30 0.99782 0.99851 2020.04.21 09:00:00 1222.02 BTT
XAUUSD PUT 2020.04.13 11:30 1286.66 1286.31 2020.04.13 12:00:00 1417.552 BTT
EURUSD PUT 2020.04.06 09:15 1.06651 1.06663 2020.04.06 09:20:00 -1907.45 B5
GBPUSD CALL 2020.04.06 08:35 1.24596 1.24648 2020.04.06 08:40:00 1644.36 B5
Stats:
  • Month 1 Earnings: $286.40
  • Month 2 Earnings: $1413.52
  • Month 3 Earnings: $4597.92
  • Month 4 Earnings: $6890.80
  • Total: +$13475.04

In April I went 6-1 with 20% risk, and earned $6890. This puts me in a great position moving forward with $13,475 eating into that $50,000 goal. If I continue to use the same risk, I believe that I can totally demolish my initial expectations.

One of the things that I really want you to pay attention to today, is the prices. You will notice that the signal systems that I use win by large margins. This is very important to me, because I am a worrier, and if my trades are constantly only winning/losing by 1-2 points, then I know the strategy isn’t working.

April Income Report

So, now that I’ve shown you my journey. Now, let me show you my personal trading. This is outside of that journey, so that’s all really just bonus this year.

Total $24,871.73

Breakdown

Binary IQ continued to perform extremely well for me, but I also saw an uptick in usage for both the Binary Today Trader and Binary Today 5 systems. All three of these systems are providing me with ample trading opportunities, and I continue to utilize the trade assistant to verify the signals to make sure they are high probability winners.

Verifying Signals For High Probability Trades

As you may or may not know, I put out a Trade Assistant some time ago. This is still available at the bottom of every page, and is now built-in to the trading systems that I use.

In this example, you can see the built in trade assistant. How I use it, is very simple, and it’s a great way to increase your ITM, and involve yourself within the strategy as a newer trader.

When you receive a signal from a software like IQ BT5 or BTT, the process is quick and easy.

It will tell you the exact trade, whether it’s a BUY(CALL) or SELL(PUT), the expiry time, etc.

The only extra step I add, is that I check the trade assistant before I place the trade. In the example on the left hand side, you can see that the trade assistant is telling us that it agrees with a BUY(CALL) trade. So, if a signal comes, and it’s a BUY(CALL) trade, then I would go place it, but, if it’s a PUT(SELL) trade, I would consider ignoring the signal and waiting for another one.

If you need any help understanding this, feel free to leave a comment, and I can certainly help you understand how to pick high probability winners.

Conclusion

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April showered the Binary Today readers with a long streak of wins. The Binary IQ, Binary Today Trader and Binary Today 5 systems all continued to provide very accurate trading signals, and that’s all I can ask for.

Thank you for stopping in today, and I hope that my short trade verification lesson helps you grow your accounts, and start earning the binary options income you deserve.

Binary Options Brokers and Platforms – Reviews and Comparison

We have compared the best regulated binary options brokers and platforms in April 2020 and created this top list. Every broker and platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The sortable broker comparison list below shows which binary trading sites came out on top based on different criteria.

You can sort the list using payout (maximum returns), minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. Below the comparison list is some advice on how to pick the best trading platform for you, as this will often come down to your personal requirements and needs.

Top Brokers in Russia

Binary Options Brokers
Broker Regulated Min Deposit Payouts Bonus
Binary.com $5 90% » Visit
Binomo $10 90% » Visit
BDSwiss $10 N/A » Visit
Spectre $10 (ETH) Up to 200%* » Visit
OptionField $5 93% Pro Account Discount and 10% Cashback » Visit
24Option $100 » Visit
Nadex Exchange $250 100% » Visit
RaceOption $250 90% 100% Deposit match bonus » Visit

How to Compare Brokers and Platforms

In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from Russia. Here at binaryoptions.net we have provided a list with all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:

  1. What is the Minimum Deposit? (These range from $5 or $10 up to $250)
  2. Are they regulated or licensed, and with which regulator?
  3. Can I open a Demo Account?
  4. Is there a signals service, and is it free?
  5. Can I trade on my mobile phone and is there a mobile app?
  6. Is there a Bonus available for new trader accounts? What are the Terms and
    conditions ?
  7. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
  8. Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices and stocks – and how many of each?
  9. Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of day, long term etc?)
  10. How much is the minimum trade size or amount?
  11. What types of options are available? (Touch, Ladder, Boundary, Pairs etc)
  12. Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
  13. Do they operate a Robot or offer automated trading software?
  14. What is the Customer Support like? Do they offer telephone, email and live chat support – and in which countries? Do they list direct contact details?
  15. Who has the best payouts or maximum returns? Check the markets you will trade.

We cover as many of these comparison factors as possible in our list above, but we go into much more depth within each review.

Regulated Binary Brokers

Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.

Regulated Binary Options Brokers April 2020

Broker Regulator Instruments
Binary.com Malta GA BO, CFD
IQ Option CySEC BO, CFD, Crypto, Forex
BDSwiss CySec BO, CFD, Crypto, Forex
24Option CySEC BO, CFD, Crypto, Forex
Nadex Exchange CFTC BO, Forex
HighLow ASIC BO

Regulators

Leading regulatory bodies include:

  • CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
  • FCA – Financial Conduct Authority (UK)
  • CFTC – Commodity Futures Trading Commission (US)
  • FSB – Financial Services Board (South Africa)
  • ASIC – Australia Securities and Investment Commission

There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organisation. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.

Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.

Bonuses

Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment or risk free trade . Whatever the form of bonus, there are terms and conditions that need to be read.

It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt out’ of taking a bonus.

Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over trade’. If the bonus does not suit you, turn it down.

Demo Accounts

Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without needing to risk any money.

You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It can also be useful to have accounts at more than one broker. For example, payouts for two different assets might be best at different brokers. You can shop around, and use whichever account has the best payout for that asset.

Demo accounts offer the best way to try out a brand, risk free. Likewise if we recommend a brand, you can try it first, before risking anything.

Low Minimum Deposits

If you are looking to get involved with binary options for the first time, low minimum deposit requirements may be of interest. For traders just looking to try binary options, a low minimum deposit broker might be best. A small initial deposit keeps risks low. Minimum deposits start at just $5 and there are a growing number of brokers offering low minimum deposits – “low” would be any minimum under $50.

Likewise, all brokers will have a minimum trade requirement or trade amount too. These can vary greatly between platforms. Minimum trade figures range from $1 to $25 – which is a large difference if a trader plans to trade frequently. For some traders, this might be less of a factor in terms of finding the best broker for them, but for others it will be very important. Practice accounts are a zero risk way of learning to trade.

Payouts

One element many traders use to find the best binary options trading account, is the payout percentage on offer. This is not always a simple comparison however. Payouts will change based on the underlying asset being traded, and the expiry time of the option. In addition, payouts will change as the broker manages their own risk. So if one broker was originally the best price, things may then revert and mean that another now has the top payout.

So the most an investor can do, is to check the payouts for assets, and expiry times they are most likely to make, and judge which brand offers the best terms most often. Demo accounts are good when researching payouts on specific assets and trades.

Exchange traded and over the counter brokers will have different payouts – and they will not be easy to compare. In general, exchange traded options offer superior value. Nadex are one example of an exchange.

So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you like. So even if an account turns out to be poor, it is easy to up sticks and find a new trading firm. Likewise, a trader could have multiple accounts, and open trades at the broker with the best terms for that particular trade.

Which is the Best Binary Trading Platform?

Naming the best trading platform is not easy, simply because trading platforms and proprietary (bespoke) software are normally a question of personal taste. One user might like a simple layout, while others might need a lot of data on screen all the time.

However, platforms do have different levels of quality, both in terms of ease of use, and features. Broadly speaking, brands which offer Contracts for Difference (CFDs) in addition to binary options, deliver a more feature-rich trading platform or advanced software.

So the likes of Nadex and IQ, will deliver a very professional trading platform. MetaTrader integration is also normally provided at the more professional brokers (Some use both mt4 and mt5 functionality) . This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly.

Intro To The IQ Option Platform

How do Brokers Make Money?

Binary options brokers make money via one of two business models:

  1. As a counter-party, ensuring an ‘over round’ via payout percentages. Known as ‘Over the counter’ (OTC)
  2. Via a spread or commission on an exchange traded model

People who have experience of other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time may find themselves asking the question: “Where is the commission?”.

With OTC binaries however, there is no commission. In theory, the term ‘brokers’, is not correct. Binary firms are not arranging a deal or acting as a middleman, or as a market maker; What they are, is the counter-party to each of their customers’ positions. So there is no fee or commission for the trade. Instead, each customer is essentially betting against the house. Where brokers have both sides of a trade covered, they have a handsome margin. Where they do not, the payout still gives them a level of protection. In certain circumstances, the broker will also hedge it’s own position to mitigate risk.

Those companies (Nadex, for instance) that trade binary options via an exchange operate much more like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. This charge is normally hidden within the spread, rather than an explicit cost. There is far less risk involved for the broker, and therefore generally better returns per trade for the trader. Brokers can be actively compared using the spread – the tighter the spread (difference between buy and sell prices) the cheaper it is to trade.

Brokers using the spread model often also offer leverage, or trading on ‘margin’ via their software. This increases the trade size for the trader – and profit for the platform.

Should You Use Multiple Brokers?

There are some very good arguments for having more than one binary trading account:

  • Brokers suit certain trades. Different brokers will suit different trading styles, or trade types. So one broker might be excellent for shorter term trade types, and have great payouts on forex pairs. But that same brand may be slightly less good when it comes to offering boundary trades or indices payouts. If a rival had a full set of long term expiries with great payouts, and lots of choice of boundary trades – it makes sense to have accounts with both platforms, and place trades with the broker that offered the best deal for each trade.
  • Demo accounts. Multiple demo accounts makes perfect sense – you want to try as many brokers and trading platforms as possible before deciding where to trade.
  • Reduce risk. Accounts at more than one broker protects you from any issues with a particular firm. From issues as serious as insolvency, to smaller things, like website downtime, software issues or a market being closed – multiple accounts reduces your risk of being affected by any hardship a broker might face.
  • Multiple offers. Each sign up can mean a new bonus, so it might be worthwhile taking up more than one account to receive all the offers. As ever, read the terms – and also note that on occasion, larger deposits might mean larger bonuses – so splitting them may not be the best choice.
  • Spread winnings. Some brokers may look for winning traders on their books, with a view to restricting their trading, perhaps limiting trade size – or worse. While this threat is thankfully small, multiple accounts means spreading the winnings out. Most brokers will search for “winners” based on total profit rather than strike rate, so hiding the volume across broker accounts can help you stay below their radar.

Exchange versus OTC (Over the Counter) Brokers

Exchange Brokers

A broker that offers an exchange is much closer to a traditional ‘broker’ than OTC brokers. An exchange performs the job of ‘middleman’. They will match a seller of an asset, with a buyer of the same asset, and charge a commission for putting the deal together. The market itself will decide the prices – if there are more sellers than buyers, the price will drift down until demand rises. If there are more buyers than those willing to sell, the option price will rise.

A broker operating an exchange does not mind who wins and who loses. They take no risk on the trade themselves (unless the traders are trading on credit). The broker will make their commission on the trade regardless of the outcome.

Due to this reduced risk for the broker, the returns for a winning trader are generally larger. Commissions are usually small relative to the size of the trade, meaning they do not impact the payout too much. Other benefits include the fact that stop losses can be applied, and also that trades can be closed at any time (to take a profit or reduce losses).

The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. Where 0 is the figure used where an event did not occur, and 100 where it did. If the current price is currently 30, a ‘buyer’ would risk 30 times his trade size, to potentially win 70. A ‘seller’ therefore, would risk 70 to win 30. While not a complicated equation, it is slightly more complex than the straight forward over the counter option.

OTC (Over The Counter) Brokers

The most common type is the Over the counter (OTC) broker, but this type of firm is not really a ‘broker’ at all strictly speaking. They are the counter-party to one side of the trade. So where a trader opens a position, the broker will win or lose money, based on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade, will they have assured profits.

Due to this increased risk, the brokers will offer a lower payout which mitigates some of the risk they are taking. It is therefore likely to be lower than an exchange traded broker. Some firms will also have built in ‘hedging’ mechanisms to reduce risk further. In some cases, one side of trade might be made unavailable if liabilities get too large.

The simplicity of binary options is retained with OTC brokers. They have also made great strides in competing with exchanges by offering ‘cash out’ values for options, allowing traders to close positions early, and set up stop losses. Once those features become common the gap between OTC and exchanges will get smaller. For now, traders are better off trading on an exchange – but might be advised to learn the differences via demo account.

Have you had a problem with your broker? Submit a complaint

Payment Methods

Deposit and withdrawal options do vary at each brokerage. Each of our reviews will explain which each firm offer, but below is a list of the most common options.

If you are looking for brokers that support a specific payment method:

  • Neteller
  • Paypal
  • Skrill
  • Webmoney
  • Paysafecard
  • Ukash
  • Visa
  • Amex
  • Bitcoin
  • Wire Transfer
  • Credit cards / Debit cards

Read More

All of the factors covered above will ultimately affect the way a trader plays the market, and therefore, their profitability. The ideal situation is to get a binary broker that offers:

  • Several financial assets spread across several markets
  • Offers a reasonable bonus with a good payout approaching 90%
  • Offers flexible expiration dates without boxing traders into very long expirations.

Trading using a broker’s platform will only be enjoyable, and profitable, if you are using a reputable operator. You also need to choose one that suits your trading style best – only you will know what that is. Read the above binary broker reviews carefully before making that crucial trading decision, but remember you are not tied in to any single broker, and can pick and choose.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

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