In recent years, Australia has been fairing a lot better economically than other comparable nations like the United States and in Europe. A big stake in that result is due to the ‘controlled’ explosion of Australia’s binary options trading market. It has now come to be a major source of income and profit for a lot of people residing in Australia. Perth is currently one of the major cities in Australia where people invest in binary options trading
One of the major reasons – if not, the major reason why binary options trading is a lucrative enterprise in Perth is the availability of top notch binary options brokers. They are not only highly reputed but also licensed and regulated by Australia’s government empowered commander in chief of financial institutions: the Australian Securities & Investments Commission.
ASIC has rigid standards which brokers have to attain in order to obtain a license. Therefore, most prospective traders would scoff at the idea of selecting a binary options broker that is unregulated and unlicensed.
However, as we shall soon see, not all binary options trading brokers operating in Perth are regulated by the government. Let us take closer a look at the brokers currently in business and see what they have to offer.
HighLow isrecognizedlocally as well as internationally as an excellent broker in the business. A major reason for this is that it operates under license and regulation by the ASIC since being founded in 2013. Its headquarters are located in Sydney. It has an easy to access trading platform that is available on your Android or IOS smartphone as a mobile app. It offers up to 25 assets to traders.
Going up to 180-200%, HighLow offers the highest profit return on trades of any binary options trading broker. HighLow accepts deposit payment methods such as Credit cards, bank wire transfers and Neteller. To open an account viaCredit cards, Neteller and Deposits made in US dollars, the minimum amount required is $50. For domestic bank transfers, it is $10.
All of HighLow’s clients are entitled to a demo account (worth $10,000 in virtual currency) which can be maintained simultaneously with their live accounts. The languages available are limited to English, Japanese and Chinese.
Started quite recently in June of 2016, BinaryMate is relatively new competitor among the established range of binary options brokers in Australia. However, it has still managed to develop good worldwide publicity since then. Its main offices are in Scotland and the Seychelles. It is not officially licensed or regulated under the ASIC.
Traders who have selected this firm can expect to make a profit as 95% on successfully executed trades. One of the more well-known and complimented features of BinaryMate is its highly rated customer service which offers 24/7 availability to live video chat with actual human consultants. This is a bold new method for binary options brokers.
The demo account however is not that great of a factor with this broker. The underlying details, term and conditions will require a discussion with customer service and have not been verified by other sources so far.
Vantage FX was initially a pure Forex broker but has since become a well reputed ASIC licensed andregulated binary options broker based in Sydney. It usesan innovative cloud based trading platform. Traders can also access the platform and place trades through a mobile app. The minimum deposit for starting an account is $100.
With a pay-out rate of85%, Vantage FX offers among the highest profit returns of any broker. You can also maintain a demo account starting with $20,000 in virtual currency which will come in quite handy especially if you are a novice trader. Vantage FX offers just one live accountto be maintained byeach binary options trader. The only languages available are English and Chinese.
Asa binary options trader based in Perth, these brokers offer you the best chances of making it big in the trade. There is no real objective standard by which to compare them. Selecting one really boils down to some hard core research and technical analysis to suit your individual preference. By the end of it, you will have gained a better understanding of which broker will serve your interests best.