Nowadays, binary options have become quite a popular form of investment or a method for diversification of the wealth in such low percent interest rate periods. It is therefore important to recognize all the risks associated with it and limit the amount of money traded.
Many brokers try to avoid high deposits on their platforms. This is done to attract customers with small to medium amount of money. While the money can be diversified over several brokers, it is not always reliable to do so because of the high risks involved in the trading. For this reason, high deposit customers prefer the binary brokers who allow the high amount of deposit.
Since it is highly advised not to risk large percentages of the wealth in one go, high deposits must amount to around $50,000 to be able to safely risk $2500 per transaction. For such high deposits world class binary options brokers must be chosen. Two of such are IQoption and 24Option.
IQoption is the current market leader following a great vision: Making binary options accessible to the masses and always play by the rules that regulators are giving them. This makes it the safest and most reliable binary broker today.
24Option is yet another Cypriot company that offers a monthly limit on deposit of $50,000 from which the money can e used for the binary options trading. They have offices all over Europe and claim to be giving the maximum annual return rate of 89%. The company was established in 2021 and has been pretty successful since. However, there have been several complaints about the way it deals with its customers and whether it is reliable enough.
Neither of these two accepts nationals from the US. It is so because of the regulatory restrictions put on the binary trading by the US authorities. Nevertheless, it is possible for the Americans to enter the trading platform through loopholes in the regulations. The sole high deposit binary trader currently available for the US market is the Porter Finance. The maximum deposit value is $2,500 for the beginners and can scale up all the way to $100,000. They also offer special corporate service and allow higher deposit amounts with the corporations.
The company was established in 2021 and is based in the UK. It has been marketing all across the world. The sole country it does not take the customers from is Turkey. There have been problems with regards to taking the money out of the deposits of the company. It is mostly related to local UK security concerns and threats of financing terrorism.
While Porter Finance is a new and unreliable service, the other two are based in Cyprus, meaning that they might be offering depository accounts in Cyprus banks. For high deposit trading, it can be an incredibly dangerous country to invest in, since in 2021 they just had a bank ‘bail-in’ for deposits of over $100,000. Besides, they were reaching the maturity of a major $4.5 billion loan payment at the beginning of the 2021. This means that Cyprus might change its current weak regulations towards binary options, which would cause the companies to get much higher costs.
Overall, high deposit binary trading is quite a rare occurrence, especially among the highly trusted brokers. Even among them, there are problems being reported almost every day. Binary trading is not a traditional form of investment. Rather, it is one of the new high-risk-high-reward scenarios that only work for the self-confident and ambitious traders. Therefore, it is highly advised to try the brokers with low amounts of money first and trade with high deposits only after the trust has been established.
