Making a deposit with a binary options broker

Making a deposit with a binary options broker

Making a deposit with a binary options broker is the first step that you will carry out when you will concretely embark in binary options trading. It is from that moment that you become a trader and start to speculate and make money on the financial markets. Depositing money with one’s broker is not a difficult thing; there are various ways to accomplish this, which we will discuss in this article. When it comes to the deadlines for cash deposit, transaction fees or bonuses on deposit, please be aware of the specific characteristics of the cash deposit with the brokers in order to be as efficient as possible during your transactions and payment of your earnings!

Methods of depositing funds

You are most likely familiar with the electronic wallets Neteller, PayPal or more commonly Skrill (Moneybookers); these electronic portfolios are recognized as being the best methods to deposit money with binary options brokers, for several reasons. First of all, these portfolios are easily accessible to anyone in the world, and above all they are relatively easy to use. Thanks to these portfolios, it is very simple to carry out money transfers, for both deposits and withdrawals. Nowadays, almost all binary options brokers allow their traders to deposit and withdraw money through electronic wallets (although some brokers only accept deposit by electronic portfolio). Before registering with your broker, please check the available methods of depositing and withdrawing funds in order to avoid unpleasant surprises when withdrawing your earnings.

Credit cards: whether it is debit card or credit card, bank cards are also an easy way to deposit money. This is why binary options brokers offer this payment method to their traders. Thanks to bank cards, you can quickly deposit money with your broker in the same way as with electronic portfolios. The major problem with bank cards occurs when withdrawing one’s earnings. Withdrawals often come with a limit of the amount of deposit previously carried out by traders. Hence, when you generate substantial profits on binary options and you make a deposit via credit card, you have no other choice but to receive a bank transfer from your broker to your bank account.

Bank transfers: They are usually less used by traders during their cash deposits with a broker, since it takes a certain time before the money is deposited on the trading account. Generally, a bank transfer takes 24 to 48 hours if the broker’s bank account is in Europe (SEPA transfer). Therefore, it takes 48 to 72 hours before the money is available on the trading account, unlike a deposit by credit card or electronic wallet that makes it possible to deposit money instantly. Please also take into consideration that if the broker’s bank account is overseas, the bank wire can take up to five days, which significantly delays the deposit on the binary options account.

Transaction fees

Occasionally, some brokers charge fees on cash withdrawals. Typically, these brokers do not charge fees for the first withdrawal of the month; i.e. your first transaction is free of charge. The following withdrawals may be subject to a fee ranging from $ 20 to $ 30 per withdrawal. When a bank has its bank account in a foreign country, it is subject to bank transfer charges, which explains why it charges a fee on withdrawals. Deposits and withdrawals by electronic wallets are the best solution to deposit and withdraw money since brokers do not charge any fees for that. The only fees charged on portfolios such as Skrill are enforced by the payment company at the provision of the portfolio and remain quite low (typically between 1% and 3%).

The bonuses on deposit

Do you want to open a trading account with a binary options broker? Then why not go through one of our partner brokers? By clicking on one of the links on our website and becoming traders with a broker, you can receive a bonus on deposit that normally does not exist. For example, the 24Option binary options broker usually offers a bonus on deposit to new traders that does not exceed 20% of the cash deposit amount. However, when you proceed to opening an account through our website, you will receive a 100% bonus, thus allowing you to double your deposit. In order to fully understand how the bonuses on deposit issued by brokers operate, please see our article “Using the bonuses on deposit of the binary options brokers”.

The guarantee

To help our traders enjoy their trading experience in the world of binary options, we have implemented the Guarantee. This guarantee is automatically assigned to you upon opening a trading account with one of the partner binary options brokers on our website. The Guarantee allows you among others to be protected by our team in case you encounter any problems with a broker. Whether it is a problem relating to a deposit, withdrawal of earnings or another issue, our team is available and shall use the special relationships that we maintain with the different brokers of the trading industry to best resolve the problem in question.

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