Are you interested in trading binary options? These are considered a very risky instrument, but it is a fact that when there is more risk, there is a possibility of higher profits. Therefore, it is not surprising to know that more and more people want to trade binary options. The only problem is that due to the high level of risk, it is not legally permitted to trade them in many countries. There are only a limited number of areas where you can trade binary options without breaking the law. But, like any other instrument, you need a broker for trading them.
Finding a broker is not that difficult. You can get yourself a few options through Google search, but navigating through the options is the key. One broker that you will come across is Global Markets Association. According to the company, their trusted trading environment is used by thousands of traders and states that they have received numerous awards and certificates for their services.
It is true that Global Markets Association is a popular broker for binary options trading and offers one basic type of live account, an Islamic account and a demo account to its traders. The trading conditions also appear good, but is it really a good choice for binary options trading? First, let’s check out the positive aspects the broker has advertised:
Experience
If you take a look at the history of the broker, you will see that it was established back in 2014, which means it has been around for a while. In addition, it seems that they have also developed a rather solid reputation, which adds a bit of reliability to the broker even though it is not licensed. To
Some of the other touted benefits of trading with Global Markets Association include the attractive payouts they have to offer, which are said to be almost 85% on high/low trades. Another feature that seems to have drawn attention to the broker is their extensive portfolio of assets. Traders have the option of choosing from forex, indices, equity, stocks, Bitcoin and commodities. This selection of trading assets is considered solid. Moreover, the broker’s clients are offered trading in One Touch and Short term options and the expiry times are between 30 seconds and 1 hour.
Proprietary Trading Platform
Global Markets Association is offering a web-based proprietary trading platform, which is functional and simple and mobile apps are also offered. The broker advertises about offering an execution of 0.028 seconds, which sounds quite impressive. Furthermore, the platform also offers some analytics, such as Bollinger bands, support and resistance lines and moving averages.
Demo Available
As you learn in Global Markets Association review that trading broker is able to stand out in the market because it is one of the few out there that offer free testing through the demo account. This is a great option because it gives you a chance to practice trading before risking any money. These are certainly benefits that the broker has to offer, but the fact is that Global Markets Association also has some major downsides that simply cannot be ignored. What are they? The most prominent ones are:
As stated earlier, the trading in options is usually available for short-term, which carry more risk and provide less profits. It is better to start out with long-term options because they last for a few hours or days and then go up to 30 to 60 seconds.
Conclusion
Global Markets Association offers a stable trading platform and a handful of other acceptable features. Since trading is risky business, it is best to work with a reliable platform with as many positive reviews as you can find, and that’s where Global Markets Association succeeds. It has earned a good market reputation and it should be safe to work with them.