Thousands of people are hearing about this innovative finance product and more and more people want to try it. It’s very understandable that one does not want to invest much money before getting convinced about the advantages. For some people, a minimum investment of $250 is probably already a lot of money and they would prefer a broker where they have to deposit less. It’s not very easy to find a suitable broker and one should simply face the fact: many binary options brokers are not suited for the smallest wallet. However, there’s one big exception. The best broker for trading for little money is in any case IQoption, one of the best brokers overall. You can already trade with $1 and maybe the minimum deposit is only $10.
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Things to take into consideration
There are two important factors, which you need to consider in binary options trading, especially if you have little money that you can invest. First of all, the minimum payout is an important factor. A broker which demands 500 Euro is hardly the right one for someone who wants to deposit little. For some traders, 500 Euro is of course too little, for others it is an amount which they cannot or do not want to afford. The minimum payout is thus, the first criterion which you should take into account.
The second criterion is the minimum value of an option. Here there are important differences between brokers. There are even brokers where you can trade options for only 1$. The usual minimum value is $25. That means you can buy exactly one option for $25. If the option is out of the money and if no refund was arranged then $25 is lost.
Anyoption is, for example, a very good broker which offers likewise only $100 minimum deposit. But the minimum value lies at a proud $25. So, if you deposit only 100, you can trade exactly 4 options if it does not go well. OptionBit sets the minimum value of options at $10 and with it you can only start doing things only at $100.
But you can also consider depositing at a broker like Bbinary. It is without a doubt one of the biggest and best brokers but the minimum deposit is $500. It sounds at first shocking but the minimum value of an option is just $1. This means that you can trade 500 options in any case. If you say now that you cannot invest $500, then simply withdraw again. You have to deposit $500 to the account, but no one prohibits you from withdrawing something from there.