Trading binary options is a very widespread concept of online trading and there are many brokers who offer trading platforms with a wide range of other benefits. When choosing a binary options brokers, it is important to pay attention to many aspects, in order to make sure that it is not a scam: whether it has a valid license or not, what are the bonuses, payout and return rates; which assets are possible to trade, which types of options are available and many more. My advice would be to go with checked and reliable broker such as Boss Capital.
One of the very important aspects to pay attention to is the deposit and withdrawal policy, which should be stated in Terms and Conditions section of the broker’s website. This includes not only the amount of time needed for withdrawal, but also the methods in which the deposit or withdrawal can be performed. Some of the best binary options brokers allow not only deposits through credit or debit card, but they also include a wide range of credit cards possible to use, as well as wire transfer and third-party money services like PayPal, Skrill, Neteller and others. No matter your preferred method of payment, you should be able to deposit the money without any trouble on your binary broker’s account.
If you decide to use a credit or debit card, be certain that it is certainly the most common and most accepted method of payment, probably also the easiest one. If you use a card like Mastercard or Visa, which are used and accepted all around the world, you should have no problems whatsoever when it comes to placing funds onto your account. However, if you use a less popular card, you should check whether the broker of your choice accepts it. In addition, you need to double-check the broker you want to trade with, because credit card details are not something you would share with just anyone. If you do not choose a reliable broker, you might get cheated and lose all the money from your credit card.
Most of the brokers also offer a wire transfer, despite this method being a bit obsolete. The reason is probably the one that most of the traders trust this depositing method the most, since it is reliable and reduces the possibility of being cheated. On the other hand, this method is very slow, and it can take up to a week for the money to be placed on your account. Since the speed is very important when trading binary options, maybe it is a better solution to choose some other method of deposit.
Finally, many brokers of today offer transactions through third-party money services, or “eWallets”. Having recognized that this method of depositing is rapidly increasing in popularity, all of the best and the most popular brokers started offering the service of funding your account through some of these services. The minus side is that they often require some additional fees and costs for both the trader and the broker. However, since most people find it convenient to use these eWallets instead of other methods of payment for various purposes, they are becoming more and more available with binary options brokers as well.