Financial spread betting, though risky, can be very profitable, provided you know what you are doing. The first thing you need to do to get started with financial betting is a reputed financial betting platform.
Here are some tips to help you find a suitable betting platform:
- Check the License– Since you have to spend several hours on the financial betting site and also trust them with your money, make sure that you choose a licensed and reputed service.
- Compare Prices–For example, online brokers specializing in Forex spread betting may give you greater value for your money than sites offering a wide range of financial markets. Compare prices and choose wisely.
- Personal Requirements– What do you want from a financial betting site? Make a list of your requirements and find a broker who is fully capable of satisfying them.
- Customer Support– Does the service offer prompt customer support through live chat, email, and toll-free phone in a language you speak?
Here are brief reviews of a few popular financial betting platforms.
Binomo India offers a variety of financial instruments to bet on, presenting not only a sophisticated online financial betting platform, but also an educational resource. The presence of tournaments and promotions spices up your online trading experience considerably. Plus, you can get the best customer support round the clock from well-trained customer support agents.
The following are some of the key features of Binomo:
- Beginners can learn how to trade on a demo account. Once they gain the required expertise and knowledge, they can move to a live account.
- Since Binomo offers a native mobile trading app, you can monitor your trade positions on the go.
- Advanced traders can use indicators, strategies, and charts to make informed decisions.
- Beginners can use video tutorials and other educational resources to learn how to trade.
- com’s A Category membership in the International Finance Commission makes it a safe and reliable financial betting platform.
Binomo.com’s trader community appears quite happy with its services; and we couldn’t find any negative review about the service. The only downside appears to be the absence of licensing information on its website.
Olymp Trade Review
Launched in 2014, Olymp Trade India gives you access to a wide range of financial markets. Headquartered in Saint Vincent and the Grenadines, Olymp Trade is not only an online financial betting platform, but also a great source of educational material such as video tutorials and webinars.
Here are the key features of Olymp Trade:
- Olymp Trade became an International Financial Commission member in 2016.
- The online broker offers round-the-clock customer support in 8 languages, taking not more than 15 seconds to respond to customer issues.
- The Olymp Trade website is also home to an exhaustive Help Center.
- Olymp Trade has a huge community of over 25,000 traders.
- You can learn trading through a free demo account.
- VIP members of Olymp Trade gain access to exclusive strategies, risk-free trades, and private webinars.
- You can trade on the move via Olymp Trade’s native mobile trading apps for iOS and Android.
- Advanced traders can use a wide range of trading tools to make informed decisions.
We could hardly find anything to complain about at Olymp Trade. If you are an advanced trader, you may wish for a wider range of financial markets to bet on. Also, a few traders are unhappy about the limits imposed on withdrawals.
But the pros definitely outweigh the cons and one cannot deny that Olymp Trade is one of the most popular financial betting platforms in the industry.
IQ Option Review
IQ Option is an award-winning brand that has grown rapidly ever since its launch in 2013. Recently, it expanded its portfolio of financial markets to include digital options, stock trading, Forex trading, and ETFs.
You can rest assured of high-quality support through support tickets and live chat. Another great feature of IQ Option is that it processes 68 percent of the withdrawal requests it receives from its clients instantly.
Check out the following key features of IQ Option:
- IQ Option is home to a thriving community of millions of traders.
- The platform is home to an active blog that keeps clients updated on the latest financial events and news.
- Since IQ Option recruits a team of 91 customer support agents, you can rest assured of high-quality customer support.
- Beginners can use demo accounts and educational material such as video tutorials to learn trading.
- Tool and features such as trading tournaments, historical quotes, newsfeed, and calendars help traders make informed decisions.
- IQ Option has obtained a license from CySEC.
- Community trading is one of the top features of IQ Option, enabling traders to meet, interact, share ideas, and learn new strategies.
- VIP account holders can enjoy higher profits, priority customer support, and unique offers.
Since IQ Option is a licensed service, it does not accept clients from unregulated markets. You can rest assured that your money is safe at IQ Option. It is one of the safest online financial betting platforms in the industry.
Which Should You Choose?
You should choose a financial betting platform that best suits your goals, requirements, skills, knowledge, and capital. We suggest opening demo accounts a multiple financial betting platforms so that you can get a feel of their features and services without risking your money. You can then open a live account at whichever platform you feel to be the best.