Binary Options Pakistan - Best Binary Brokers in Pakistan 2020Brokers Review 2020 - IQ Option, Olymp Trade, Expert Option, and Binomo
- Binary Options trading is based upon Forex trading
- In Binary Options trading, you have to predict the direction of the price – UP or DOWN
- If you can successfully do this, you earn up to 90% on each winning trade
- You can use technical analysis, fundamental analysis, or news events to trade
- Its almost 24 hours market, hence you can trade anytime you like
- You can practice for FREE in a FREE demo account with $10,000 demo money
- If you can’t predict correctly the price direction, you lose the trade and the invested amount
- Start learning Binary Options Pakistan in a Demo Account today
Binary Options trading in Pakistan
Binary options in Pakistan is the most sought after trading instrument among new generation traders. These young traders manage their risk potential well and exploiting the benefits of high profitability. Since most of the regulated brokers are overseas brokers either regulated in Europe or UK, the profits earned from binary options are in either US Dollars or Euros. Thus it adds to the country’s Forex income. Financial instruments like stock options and binary options are major driving forces in Pakistan Financial market today.
Binary options carry a high level of risks along with a high return on investment, which is up to 95% *. Trading binary options are about predicting the price of an asset ( Forex pair or Stock) at a given point of time. In binary options, you earn up to 95%* return on your investment for a correct prediction regarding the price movement of an asset. For an incorrect prediction about price movement, you lose all the money invested in that trade. Binary options trading has seen exponential growth all over the world, and Pakistan is not an exception to it. Many traders in Pakistan have accepted binary options trading as an additional way to make money.
Although this higher profitability comes along with higher risks, many traders in Pakistan manage it successfully to stay profitable. Pakistan is one of the developing countries with the potential to excel in the financial trading field. Forex trading and Binary Options trading are two financial trading products quite popular in Pakistan.
All you need is a Computer with an Internet connection or a smartphone with a data package.
For binary options trading in Pakistan, all you need is a computer with internet or a smartphone with internet. The reach of the PC into every household along with high-speed internet in Pakistan has made it quite common for people to trade binary options. The instinct to learn something new and intelligence level of people from Pakistan make them more successful in binary options trading compared to people from other parts of the world.
There are regulated binary options brokers with strict compliance with European regulators like MiFID, CySEC and FCA provide trading service in Pakistan. Some brokers even provide local support to their customers.
Binary Options Brokers in Pakistan
Which are the best Binary Options Brokers in Pakistan? Out of several brokers offering Binary Options trading to Pakistan traders, IQ Option, Olymp Trade, and Binomo are reliable and trustworthy. You can try and evaluate their services in a Free Demo Account.
Is Binary Options trading legal in Pakistan?
The first question that comes to the mind of the traders is whether Binary Options trading is legal in Pakistan. It is legal to trade Binary Options in Pakistan like most of the countries. You should choose the regulated brokers for your own safety, as unregulated agents pose a threat to the safety and security of your funds. We list a few brokers with excellent reputations and service standards; they accept traders from many countries, including Pakistan. It is legal and safe to trade Binary option with them as they comply with European and UK regulators. So, now you know the answer to the commonly asked question, ” Is Binary Options legal in Pakistan.” To trade Binary Options in Pakistan in a legitimate way, you must select a regulated broker to trade. You should additionally adhere to the local tax rules too.
Binary Options Pakistan - A detailed Review
The Pakistan financial market has recently been opened up to foreign investors. In the past five years, there has been a significant rise in entrepreneurship and small business start-ups in Pakistan. Because of the excellent opportunity to fill a market, some binary options brokers offer what is known as an Islamic trading account. It is also known as ‘Swap Free’ binary trading options account. This type of account eliminates Riba or interest.
The brokers recommended here are based on for their service standards towards clients from Pakistan. The most recommended binary options broker for Pakistan customers are IQ Option and Olymp Trade. So, if you are looking for the best Binary Options Broker in Pakistan, you can select one from the broker’s list below.
IQ Option offers risk-free unlimited demo accounts and $10 deposit real account :
IQ Option provides risk-free Demo account which you can try before you go to the real trading account. It complies with several regulators and offers same-day fund withdrawal to clients. IQ Option provides a higher payout of up to 91% (amount to be credited to take into account a successful trade).
How to start trading Binary options in Pakistan?
The reasons why binary options became so popular worldwide are mainly because they are easy to understand, highly profitable. Anyone with $100 can start trading binary options, and he need not learn any complex trading procedures. A computer or smartphone with an internet connection is all that is required.
1. Open an account with a binary broker
As your first step towards trading in Pakistan, you will need to select a binary options broker to start trading. Choosing the right broker is very important at the start. Hence we strongly recommend selecting a regulated broker that has been in operation for at least a few years without any adverse reputation. A few minute searches on the internet can help you find any scam or issue related to a broker.
Some of the regulated brokers are so confident about their service standards and trading platform that they allow you to open an unlimited demo trading account for free. There is no obligation to open and deposit money to avail free demo trading account. Hence it is always better to try their trading platform on a demo trading account.
To start trading on real money, you will need to make your first deposit into your account. The minimum opening deposit amount varies from $10 to $500 depending on the broker. After you make your first deposit into your account, it will be fully activated, and you will be able to start trading on your live account.
2. Selecting an Asset to trade
Now that you have either a real account with real money or a demo account with virtual money. It’s time to choose the asset to trade. One of the best things about binary options trading is that using the same platform; you can trade so many different assets. You can trade Currency pairs, stocks, Commodities, etc. Initially, it is better to trade the asset you are familiar with.
3. Predict the price movement.
Binary options trading has a fixed entry and expiry time for every trade. You have to predict whether the assets price will go up or down than the present price at the expiry time. You may select 1 min, 2 min, 5 min, 1 hour or 1 day as your trade expiry time.
4. Decide the amount to invest
Deciding an amount to invest in trade seems like a simple thing, but it is the most critical part in binary options trading which requires proper understanding. You should never invest more than you can afford to lose. You should never invest more than 5 % of your capital in any single trade. The reason behind this is to protect your capital in case the trade goes wrong. Since it is impossible to win 100% of the trades, you must adopt a proper money management strategy to stay profitable.
Money Management is the key to success in Binary Options Trading
If you have $100 in your trading account and put the whole amount in a trade, then you lose all your money and out of the market. But if it were $ 5, then you can trade so many times to recover the lost $5 and make some profit. Trading a big portion of your capital in any single trade develops an urge for gambling in you, which must be avoided all the time.
What may seem like a simple thing to do is one of the most misleading and misunderstood concepts in binary options trading. First of all, you should never invest more than you can afford to lose.
Proper money management is vital in trading. As a binary trader, you should never place more than 5% of your investment capital on any single trade. The main reason is to protect the rest of your capital in case the trade goes wrong.
Here is the difference between over-the-counter trading and exchange trading. While the former bring into direct relation to two parties, the latter requires the existence of well-organized structures and means of trading called exchange.
According to recent statistics, more than 100 binary option trading brokers are currently running. And just a few of them are regulated by some Government regulatory authorities. Hence you must observe caution while choosing the binary options broker. A comparatively low paying regulated broker is better than any un-regulated broker with a higher payout.
The Internet and computers have launched us into that future that we all dreamt of, it has opened up more possibilities for investors in the financial markets. It does not matter where you are in your experience with binary options trading; you now have the excellent opportunity to learn and improve on what you’ve got. The digital options trading has now permeated into several economic and financial sectors all over the world including Pakistan.
The predictive markets are making use of the binary options involving Stocks, Forex pairs and Indices. Technology is the driving force of the Binary options trading. And as long as technology keeps developing there seems to be no restraining factor (except the change of laws) to the expansion of the trade.
The attractiveness of Binary options trading should be considered along with the risk factors it involves. The risks are so high that there is a possibility of losing your capital. A trader can benefit from binary options if he masters the risk management while trading this high-risk trading instrument.
* Amount to be credited to account for a successful trade.
NOTE: This article/material is not investment advice.