The City of Melbourne is a major economic contributor to the Victorian and Australian economies. There are some major industries here to boost the economy. Taking the top spot is the professional science and technical services industry. Following as a close second, however,are Financial and insurance services.
And if you were to dig a little deeper into the finance and insurance sector, you can get an idea of how binary options trading has managed to influence it. If you are a resident living in Melbourne, you would be happy to know that binary options trading is alive and well across Australia.
The island continent is considered to be one of the most secure locations for investors on a global scale to deposit funds and make trades. The main reason for this is the presence of the Australian Securities & Investments Commission. The ASIC is an independent governmental body that overlooks and imposes regulations on major corporate establishments and insurance services. It does in the interests of financial security for ordinary citizens and traders.
So if you are living in Melbourne and intending to start trading in binary options, there are some formidable candidates for you to consider.
HighLow was started in 2013 and is a world renowned binary options trading broker that is licensed and regulated by the ASIC. Its headquarters are in Sydney. It provides an easily accessible and referable trading platform available for either Android or IOS smartphones via a mobile app. The only languages available are English, Japanese and Chinese.
HighLow has up to 25 assets for trading and offers the highest profit for a single trade compared to any binary options trading broker. You can obtain a return as high as 180-200%.
When it comes to opening accounts, there is an initial deposit to be made. HighLow is compatible with depositing methods such as Credit cards, Neteller and bank wire transfers. A trader is required to deposit at least $50 to start an account through a credit card or Neteller. This rule also applies to traders who wish to deposit in US currency. However if you can do it via a domestic bank transfer, the amount is $10.
There is also demo account (worth $10,000 in virtual currency) that you can maintain while having a live account.
BinaryMatestarted in June of 2016 so it is a relatively newer broker, slowly gaining recognition in the industry.Nevertheless it has become a highly popular choice for traders. Its main subsidiaries are located in Scotland and the Seychelles. While it is highly reputed, it has not yet been licensed or regulated by the ASIC.
BinaryMate provides traders with a proprietary system which is unique to the firm. On profit returns, traders can expect to attain a rate of up to 95%, one of the highest anywhere.
The biggest standout feature aboutBinaryMate is its 24/7 live video chat feature as part of its customer services. Most informal reviews tend to emphasize this point and a good customer service is a very important feature to have from your broker.
One of the drawbacks with this binary options broker is the demo account. With no solid details online, you will need to discuss it with your consultant at customer service.
Initially operating only as a Forex broker, Vantage FX is now a renowned brand in the binary options trading industry. It is officially licensed and regulated by the ASIC and based in Sydney. Its trading platform is a unique cloud based concept. There is also the availability of a mobile app to access your account and place trades while you are on the move.
Vantage FX offers a high pay out rate of up to 85% on successful trades. Starting an account requires a minimum deposit of $100. However, you can only maintain one live account, available either in English or Chinese. You also have the option of maintaining a demo account $20,000 in virtual currency to begin with. This is good particularly for new traders who want to get involved in this form of trading.
If you are a binary options trader operating from Melbourne, these are among your best options for reaping good benefits financially from binary options trading.