How to Register at a Binary Options Broker

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How to Register at a Binary Options Broker

Updated on: 6 January 2020

In order to trade binary options you will have to register at a binary options broker. Some traders might not necessarily be that tech savvy and might not always know what steps will have to be taken in order to register at such a broker

Other traders might not necessarily know if it’s actually a good idea or not to register at a binary broker and give them their personal details such as name, address, credit card information and such. This page will clear up all these things.

Read the page below in order to learn how to register at a binary options broker. Signing up is actually very simple. There is no reason to be intimidated by the large signup forms that are being offered by most brokers. There is a reason why this is so.

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Sign Up Process at a Binary Options Broker

Binary options brokers have seemingly some of the most complicated sign up processes on the web. This is because legal binary options brokers are forced by the law to gather certain information regarding traders’ identity. This is actually in order to protect traders in case of a potential abuse.

If a broker will ever abuse a trader, then the trader in question will be able to report this to the authorities. But the authorities will only be able to verify the claim submitted by the trader if they can identify the traders’ account based on the personal information submitted.

In order to find out how to sign up at a binary broker then read the lines below.

Deciding what account type to create

There are two types of binary options accounts offered by brokers. One is the real money account that will require traders to make a real money deposit. Using this account type, traders will have the possibility to win real money by trading financial assets.

However, brokers also offer demo accounts that allow traders to trade with “play money” without making a real money deposit. Naturally, this way, traders won’t be able to win real money but they will be able to test all the features and tools offered by brokers.

Before registering at a broker, traders will have to choose one of the two account types. The rule is that if you choose a real money account you won’t be able to create a demo account later on. However, if you create a demo account first, then you’ll be able to upgrade this to a real money account later on.

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  • BINOMO
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    Trustful broker.

I recommend you choose a demo account first and upgrade it later in case you like the broker.

Submitting your personal details

When you create your account, the broker will ask you to submit your personal details such as name, address, and similar. It’s extremely important to only submit real personal information. This is because legitimate binary options brokers are forced by the law to verify traders’ identities.

This verification process will involve traders having to scan either their ID cards or one of their utility bills. The point of this is to verify if the name and address submitted by traders coincides with the ones shown on their ID cards and/or utility bills.

If those details won’t coincide then the broker might think that you are defrauding them or you intend to conduct money laundering and the broker will close down your account. Likewise, if you won’t be able to prove your identity then you won’t be able to seek help from authorities at the unlikely event that the broker will abuse you.

Traders often ask me why brokers request scans on passports or utility bills. Pleas note that these are in accordance with regulatory compliance and various trading laws. Traders are obliged to gather these information in order to prevent money laundering.

Obviously, you should only give away this kind of information to regulated binary options brokers. But then again, you should also never register at unregulated binary brokers in the first place.

Confirming your account

After everything is set up, you will most of the time receive an email from the broker. That email will contain a special link that you will have to follow in order to confirm your account. Clicking on that link will activate your account and permit you to make a deposit and begin trading.

Assigning a payment processor to your account

In case you have registered a real money account or upgraded your play money account to a real money account you will have to add a payment processor in order to make a real money deposit. Binary trading brokers allow you to make deposits using a large variety of tools such as credit cards, Moneybookers, wire transfer and more.

In order to link a payment processor to your trader account you will have to access the banking page of your account. Here, you will have to choose your payment processor and submit your payment details (Moneybookers email, credit card details etc.)

Making a deposit

After you have registered at a binary options broker and submitted your payment details, you’ll be ready to make a real money deposit. In order to do this you just have to enter the desired amount. Once you complete the deposit, your money will immediately appear in your account.

Is it Safe to Register at Binary Options Brokers?

Many people aren’t sure if registering at binary brokers and giving them their personal details is actually safe or not. The truth is that it’s perfectly safe to do so in case you only register at legal and licensed binary options brokers.

Most brokers that operate these days are run by legal companies. These will never abuse you or offer you fraudulent services because then authorities will prosecute them. You have to make sure that you only register at binary options brokers that have real licenses

The brokers that I have listed on this website are all legitimate service providers that respect the laws and regulations of the countries they operate in. If you register at these brokers then you will not have to worry about any abuse or fraudulent activity of any kind.

Naturally, the listed brokers also provide top-quality services overall. They offer a lot of assets to trade on, provide multiple options types and ensure very advantageous and rewarding payout rates. This will ensure that you’ll have the best chances to make money by trading binary options.

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In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

Outside the EU, financial products are offered by Binary (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).

This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, Japan, or to persons under age 18.

The products offered via this website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.

In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

In the Isle of Man and the UK, Synthetic Indices are offered by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles; licensed and regulated respectively by (1) the Gambling Supervision Commission in the Isle of Man (current licence issued on 31 August 2020) and by (2) the Gambling Commission in the UK (licence reference no: 39172).

In the rest of the EU, Synthetic Indices are offered by Binary (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta; licensed and regulated by (1) the Malta Gaming Authority in Malta (licence no. MGA/B2C/102/2000 issued on 01 August 2020), for UK clients by (2) the UK Gambling Commission (licence reference no: 39495), and for Irish clients by (3) the Revenue Commissioners in Ireland (Remote Bookmaker’s Licence no. 1010285 issued on 1 July 2020). View complete Regulatory Information.

Binary.com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, or to persons under age 18.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with Binary Investments (Europe) Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

Outside the EU, financial products are offered by Binary (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).

This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, Japan, or to persons under age 18.

The products offered via this website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.

In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

In the Isle of Man and the UK, Synthetic Indices are offered by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles; licensed and regulated respectively by (1) the Gambling Supervision Commission in the Isle of Man (current licence issued on 31 August 2020) and by (2) the Gambling Commission in the UK (licence reference no: 39172).

In the rest of the EU, Synthetic Indices are offered by Binary (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta; licensed and regulated by (1) the Malta Gaming Authority in Malta (licence no. MGA/B2C/102/2000 issued on 01 August 2020), for UK clients by (2) the UK Gambling Commission (licence reference no: 39495), and for Irish clients by (3) the Revenue Commissioners in Ireland (Remote Bookmaker’s Licence no. 1010285 issued on 1 July 2020). View complete Regulatory Information.

Binary.com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, or to persons under age 18.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

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