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Binary options brokers make money via one of two business models:
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.
There are some very good arguments for having more than one binary trading account:
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.
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
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:
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:
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.
General risk warning: your capital is at risk
Quotex is an innovative broker offering binary and digital asset trading. The company offers a wide array of trading assets, easy one-click trading, and multiple methods of banking. Read our expert review and see if Quotex match your trading style.
Quotex is owned and operated by Awesomo LTD. Address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles ID: 221042.
Awesomo Limited is a member of the IFMRRC (number TSRF RU 0395 AA V0161). The IFMRRC is an independent third party dispute resolution service and not an official regulator.
The websites services not available to persons under 18 years of age.
Payment method restrictions may affect traders in the US, Canada, Hong Kong and Germany but they can still deposit using cryptocurrency.
Quotex is a platform for trading digital options on a wide variety of underlying assets (over 400). The term digital option refers to trades based on simple up and down price movement with predetermined costs and fixed outcomes.
There is no download required, the platform is completely web-based.
The platform supports trading of options on securities (companies), forex, commodities, and some indices like the S&P 500.
The expiry durations are fairly diverse as well with 1 minute, 2 minutes, 5 minutes, one hour, and on up to a month or more in some cases.
The payout percentage varies based on the asset, and time frame.
Returns will also vary on existing trade information, for example if a large proportion of traders are all speculating in the same direction, the payout is likely to reduce for new positions – conversely, those taking the contrarian view are likely to see a larger than expected payout %.
The best method to learn the system is to utilise the demo account (more on that below). In addition however, Quotex does provide guidance videos and market news.
Trading signals are also offered, but these only become available on the full account – they cannot be accessed on the demo version.
In addition to the desktop platform, Quotex also deliver an android based trading app.
The app is quick, responsive and user friendly. It offers all the functionality of the web version, and finding markets and placing trades follows the same process.
The app has been reasonably well received by users, with an overall rating of 3.6*
One shortcoming with the mobile offering at present, is the lack of an iOS version for iPhone / iPad users.
The charts are quick in terms of response to market fluctuations and highly customizable.
The platform hosts dozens of commonly used indicators that can each be fine-tuned to a trader’s personal taste.
Ordering screens are embedded to the right of the chart so making trades is super easy.
Also included are trading signals and market news but you have to have a live account to access them.
Quotex offers a demo account with $10,000 in tradable funds. The demo account allows full access to trading features but limits access to the news, trading tips, and other proprietary information.
The minimum deposit at Quotex is only $5 and can be done made in dollars, euros, pounds, and even Bitcoin.
Deposits can be made by credit card, eWallet, wire transfer or cryptocurrency and are usually available within minutes of depositing.
eWallet options include AdvCash and Perfect Money.
Withdrawals are made back to the same source unless a secondary source is verified. There are no fees for withdrawing or depositing but some methods may incur fees not associated with the platform.
Quotex does not offer a bonus on the website but they are available once you begin the deposit process.
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Betwinner Bookmaker Review
Betwinner.com was established in 2018 and comes with an Eastern European background and a Curacao license. The brand already counts 150.000 active customers, with the main pool coming from the CIS countries. It has also grown popular in Italy, Portugal and India. The bookmaker holds a domestic license in Nigeria and is about to target numerous other African countries. The platform was built by BetB2B and the sportsbook comes with a 97%+ overall payout, a wide array of 90+ deposit methods and unique features like Betconstructor, Bet Slip Sale and the Betting Exchange. Betwinner log in can be achieved through the official site or via one of the many offered mirrors.
A 97%+ overall payout awaits for the players at Betwinner betting company, but through the Match Winner and Asian Handicap markets, this rate might even go up to 98%+ at the top football leagues. On the other hand, secondary bets like Totals and Both teams to score range from 94%+ to 95%+. The best basketball and tennis events come with 98%+ payout. That said, the Betwinner odds can’t be rated with a grade lower than 8.9.
The brand’s pre-match section offers 1.000 events daily, from a wide array of 55+ sports. The football punters can choose among 350+ exotic bets at every match, like Win to Nil, Total Goal Minutes and Combo bets. Basketball and tennis matches come with lots of alternative handicaps and player props, while the Indian players can wager on the offered Betwinner cricket events. The bettors can also wager on many outrights, on politics and special bets like weather and company to put a human being on Mars first. Additionally, the players can place their bets on the betting exchange feature, where they can lay or back their favourite team on a great variety of sports events. Bet Builder is also offered, going by the name Betconstructor and helps the punters create accumulator bets from the same event.
Betwinner live section offers an above-par payout of 95%+, with the odds vary depending on the sport and the event. 200+ games are in line for the players on a daily basis, but the feature making the section more attractive is the Betwinner Live Streaming. The best football and basketball leagues are here, like the Serie A, La Liga, the NBA and the Euroleague. The multi-live feature gives you the chance to monitor and bet on up to 10 events simultaneously. The cashout function is available under the name Bet Slip sale. Additionally, the players will find essential tools like Live odds changes and Game Statistics. On the other hand, this is not the case for Quickbet, but at least the live bet acceptance is at 3-4 seconds.
The brand provides native mobile applications for both Android and iOS devices, along with an optimized mobile site. As for the payments, 90+ deposit methods are available. The players can fund their account through the commonly used credit/debit cards, e-wallets (like Skrill, Neteller and Ecopayz) and bank transfer. Additionally, there are various local systems available, like Yandex, Webmoney and Nordea, along with a bunch of cryptocurrencies, such as Bitcoin, Dogecoin and Bitshares. Betwinner customer care is operational around the clock and you can contact them through email, telephone, live chat and various social media platforms.
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For us living in the 21st century, variety has never been a problem when it comes to picking a top online bookmaker. There are so many options out there these days that it’s possible to find something suitable for just about anyone.
Ultimately, this choice is all up to you, the customer. Picking the right bookie takes time, research, and careful comparison of the various offers. However, you don’t have to do it all alone: we’ll do the digging so you don’t have to. Today, we’ll be taking a look at the 1xBet online sportsbook.
1xBet Strengths and Weaknesses
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Like many of the best online bookies, 1xBet has opted to spice up many of their deals with additional bonuses and promotions. 1xBet.com bonus is quite well-known for its attractive promos, which is why they are considered the fastest-growing among relatively new bookmakers
Note that some of these promotions change over time, and you may be eligible for different ones. Also, remember to carefully read through the terms and 1xbet bonus conditions of each promotion, so you can avoid any uncomfortable surprises.
There is also many smaller, more specialized sportsbook bonus offers we haven’t mentioned. Also, since this is a 1xbet.com review of the sportsbook, we only included 1xbet sports betting promotions. 1xBet also boasts a host of special offers for their online casino and other services. You dont need promo code 1xbet to use these promotions, just click 1xbet link in this site.
In terms of just the size of their offer, 1xBet’s sportsbook is nothing short of impressive. You can find more than 50 different sports and betting categories here, and each of them boasts a healthy variance if handicaps and alternative betting markets.
If have a particular niche for which most betting sites are insufficient, this is the bookie for you. Here are just some of the sports included on 1xBet’s sportsbook: Keirin biking, Bandy, Biathlon, Bowls, Floorball, Hurling, Muay Thai. The list goes on and on, but you get the picture. The list is further bolstered by a healthy presence of esports betting offers if that’s something you’re into.
However, that doesn’t mean that crowd-favourites such as horse racing or 1xbet live football betting are lacking. If you’re just looking to do some good old Premier League Betting, you will still not be disappointed. Put bluntly, 1xBet offers some alternative and exotic markets that you would be hard-pressed to find elsewhere. Examples include How the Goals Will Be Scored, Number in the Score, Goal Interval, and many more.
Now we come to the bread and butter of profitable punting: the odds. Overall, we can safely say that 1xBet’s odds are above the industry standard. You could technically find better offers if you dug deep enough, but this betting site offers a fair, well-balanced selection. The best part is that the odds do not greatly vary per 1xbet sport, meaning that you can bet on any category you like and not be disappointed.
With 1xBet live stream aspect of their service lives up to the promise that the standard sportsbook sets out for it. In-Play bets can be placed on any of the dozens of betting categories. That adds up to over 1000 1xbet.com live events to bet on each day, with a large number of alternative markets for each one. Again, the live betting mirrors the width of regular bets, as some major football events can have over 180 markets per match. On top of that, 1xBet boasts an impressive 97% on payouts for in-play bets.
There is also an innovative multi-live feature, allowing you to follow field reports from multiple matches at once. Furthermore, cash-out is an option, and it’s available until the very end of each game.
In addition, to live bets, live match streaming is also included as part of 1xBet’s service. All you need is an unsettled bet or 1€ in your 1xbet account, and you can watch any of the hundreds of sporting events 1xBet stream every day.
If you like betting on the go, 1xBet.com mobile app got you covered. Their sportsbook app is available for both Android and iOS and allows you to access pretty much any part of the service wherever you are. This includes live streaming, live betting, and even special 1xbet mobile betting promotions.
All things considered, even though this can still be technically considered a new betting site, we’ve found 1xBet’s online sportsbook to be among the best in the world. The only real complaints we have are about the website’s design and layout, which both feel at least a decade too old.
Besides that, 1xBet’s offer is well-rounded and has something for everyone to like. If you’re new to online sports betting, 1xBet might serve as a great starting point, though it will set your standards pretty high. On the flip side, if you’re an experienced punter tired of inconsistent bookies, 1xBet can be an excellent choice, because you’ll always be sure of what you’re getting.
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Established
2011
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Betting selections
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Products
Review Video
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