The trading of binary options online has become quite popular over the past few years. In order to begin conducting trades, however, platform users must first open a binary options trading account and then make a deposit into the account before being able to trade.
Because many of the binary options websites are operated on an international basis, these platforms typically make the deposit and withdrawal of funds easy for the traders who wish to trade on these sites. There are a number of different payment methods used by binary options traders. One way to do so includes the use of an “electronic wallet” such as Moneybookers/Skrill.
Moneybookers/Skrill is a service that essentially acts as a personal wallet, but is online. It is used by many individuals who trade in the online binary options arena, as it is a safe and easy way to transfer funds from one individual or entity to another. As this service can be used worldwide, it makes deposits and withdrawals more convenient for those traders who reside in a differing country than the location of the binary options broker.
Benefits of Using Moneybookers/Skrill when Trading Binary Options
One of the key benefits of using Moneybookers/Skrill is that, unlike other transfer techniques such as bank transfers or bank checks, users of this service are able to experience the real time transfer of money.
Another advantage of using Moneybookers/Skrill is the cost. In many cases, the fee for using this service is in the range of 1% – and this is much lower that some of the other types of account deposit and withdrawal methods that are available to binary options traders today.
Moneybookers/Skrill is also considered to be a safe way of transferring funds, as it includes a fraud management software that helps traders in identifying fund receivers that may be operating illegally. This can save traders a great deal of frustration should they become involved with such an entity.
Traders who also have a Moneybookers/Skrill MasterCard may also have the ability to link their account to a “digital wallet,” allowing them to access their account and to make transactions – even when they are not online.
How Are Moneybookers/Skrill Transactions Conducted with Binary Options Trading?
Traders who use Moneybookers/Skrill have the option to deposit, transfer, and withdraw money to and from their bank accounts. In most cases, Moneybookers/Skrill charges a small fee, and it typically takes 2-3 business days for the transfer to be complete. All of this can be transacted via the Internet.
Which Binary Options Brokers Use Moneybookers/Skrill as a Payment Method?
Moneybookers/Skrill is a commonly accepted form of sending deposits and receiving withdrawals at many binary options trading websites. Some of the top brokers that offer this service include:
While there are several methods of depositing money to and withdrawing money from a trader’s binary options trading account, Moneybookers/Skrill is one of the most convenient and cost effective ways to do so. For a small fee, users will have their funds transferred within just a few days.