What is Binary Action®?
Binary Action is a site dedicated to reviewing the best binary option brokers in Canada. We have selected for you the binary trading brokers that best fit the demands and average income of Canadian citizens, as well as compiled a large selection of in-depth reviews of every broker so that you, the investor, can make the most well-informed decision of where to invest your money.
Coming from a background of investing with plenty of experience in the binary options world, we understand the importance of having the most comprehensive and up-to-date information about the brands offering binary trading for Canadians. This is why all the binary options brokers that are featured on our site have been meticulously checked and verified by the Binary Action team.
We hope that by using the information we offer on our site you will be able to make the most informed decision upon selecting a broker, and achieve the best results and highest payouts for you, our Canadian users.
Binary options trading has become a popular investment pastime for Canadian traders. One of the greatest benefits of trading binary options in Canada is that it can be done online through a binary options trading site. But before you place your first trade, you will need to find a binary options broker. In addition, it is important to learn about binary options online especially if you are a new trader. Binary Action can help you learn what you need to know about binary options, options brokers, financial markets and more.
What are Binary Options?
If you want to trade binary options, you should first learn more about them. Binary options are investments that offer a fixed reward and a fixed risk. One of the best features of options trading is that they are easier to understand than traditional investments. This is due to the fact that you only need to correctly predict the direction the asset price will move – the magnitude of movement does not affect your payout. Binary options are otherwise known as all or nothing options.
As long as you have correctly predicted the direction of price movement, you will generate a profit. Additionally, you can only lose the amount you invested so your risk is completely fixed and known in advance. The best binary options brokers will offer a variety of tools that can help you stay informed and make the best possible trading decisions including binary options signals, an economic calendar, daily market reviews and more.
Choosing the Right Options Broker
Besides the decisions you make with regards to your trades, choosing a binary options broker is the most important decision you will ever make. It is vital to your success that you choose a trustworthy and reputable broker that has all the features you need to accurately and effectively analyze the market. The quality of the trading platform is paramount.
You should only choose a broker that is regulated by official entities (like the European CySec or British FCA) such as Banc de Binary, 24Option, Opteck, RBoptions and others. This ensures that if you ever have a dispute with your broker you can turn to the regulatory agency for resolution. It is important to choose a broker that has the features you need to trade – this will be based on your individual trading style. Finally, you may want to read binary options reviews to find out what other traders think about your prospective brokers.
Benefits of Trading Binary Options
As mentioned earlier, binary options trading is simpler than traditional trading. Beyond its simplicity, when you trade binary options you will always know how much you stand to lose and how much you can gain. This can help you manage your trading funds better, and it is something that is unique to binary options. With binary options, you are the one in charge of your trading decisions so if you want total control over your investments then binary options trading is the perfect investment option for you!