Binary options broker

I am just lazy to use google to search, always getting wrong information as SEO has been spamming those brokers i can find .

Hi, does anyone know of any good binary options broker from australia? regulated in australia?

I keep getting results of brokers from EU regulated countries like cyprus etc which is irritating. No offence.

i don't know if there are others in australia but there is one i know vantagefx BUT DO NOT EVER DEAL WITH THIS SCUN

i don't want a fx broker but a pure options broker .

does any1 know of 1 that's regulated in aussie?

Try IG Markets. Its regulated Aus option broker :-)

I only know OptionTrade, but it's from EU. Have you tried Google or you don't trust him?

Hello,

I recently started looking at Binary options because I think they offer a great way to make money with less risk However.....

You have to be careful when choosing a broker and read all the fine print. Many have a clause that if you are "to profitable and cause them to lose money" they will shut you down and can seize your money. I use Nadex. While I cant trade anything less then a 2 hour time frame I can scalp with them. They are also regulated by the CFTC (same as a Forex broker) and they are a subsidiary of the largest derivatives broker in the world which is IG .

I would look at IG as they accept clients from all over the world.

When trading binary you may want to stay away from bucket shops with payouts that are not 100%. If you are getting 70-85% payouts you need to win over 60% of your trades to make any money and at that rate its hard. This is why I would suggest a regulated broker.

Example;
10 trades of $38.50 pay out 75% = $28.87 per win. 6 winning trades (60%) = $173.22 profit. The loss on the four trades = $154.00 so a profit of $19.22!!!
Hardly worth it when you consider that on $1000.00 regular FX account you can risk at least $1.00 per pip and make that a day in one trade.

With Nadex or IG each contract is paid out at $100.00 and risks vary depending on where price is etc. Sometimes strikes are only a few pips away. I have attached a screen shot as an example of a contract.

In this trade I would risk $38.50 and my profit would be $61.50 minus $1.80 cents for a round turn contract. In addition I have the opportunity to cut that maximum loss down by exiting before expiry or take my profit early, but for this argument lets say all 10 trades are taken with this entry and held till expiry. As you can see in the attachment I have profits on 3 trades that have not reached expiry yet.

For this example lets assume all contracts are same price and held to expire
The results are.

10 trades 6 winners with a $61.50 profit per trade =369.00. 4 losers =$154.00 loss. Total profit on 10 trades $215.00 minus $18.00 in exchange fees.

I think this makes trading binary less risky I don't have to win as often. even if I only am right 40% of the time with the contract prices I only loss $3.00 on
10 trades.
4 wins @61.50 =$246.00
Exchange fees $18.00
6 losses@$38.50=$231.00
Total gain -$3.00

50% win rate
5@ $61.50= $307.00
5@ $38.50= $192.50
Total gain= $115.00 -18.00 ( exchange fees ) $97.00 profit

Hope this helps


To moderators I am not pimping for any brokers etc I am simply trying to help and answer a question

Thanks