Hi, there’s tons of questions I get in my email every single day. I think it’s good to sum it up, so you guys can find it all at one place if you need to.
Is binary options demo made to let you win?
Demo account for binary options that is offered on most websites (for example on our website: binary options demo) or by brokers (highlow) is completely fine. However, if you are going to try a demo account with some fishy and not verified broker it might be that they have “set up” their demo account in your favour.
This shouldn’t be and won’t be a case of serious brokers. Make sure you always verify the broker thoroughly to avoid it. I personally have never come across to a price manipulation in demo accounts.
Where do the money I make come from?
This answer is very simple. Money that you get come from people that, unfortunately for them, have lost it. That’s how it goes. Most of the binary options traders lose. According to statistics published by the broker GMO Click, monthly only about 25 % of traders are profitable. However, I believe that our readers are in the profitable minority.
Is there a limit when broker stops your account?
This is hard to say. But our opinion is: If you were making $100.000 per month broker wouldn’t be very happy about it – that’s how it is. He either asks you to cancel your account or he will do it without asking. I personally haven’t even come close to such money, so I haven’t heard of such a thing yet. Anyway your money is always safe thanks to regulatory authorities.
However, if you are stick with making couple of hundreds or a thousand per month, you shouldn’t be having any trouble.
How much can I earn with binary options?
I get this question very often, but there isn’t an answer. How much are you going to make with binary options? It’s all up to you. The more time you devote, the more you understand binary options and the more risk you are willing to take, the more you’ll earn.
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More about the author J. Pro
Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn't very successfull with dropshipping on Amazon and other ways of making money online, and I'd only earn a few hundreds of dollars in years. But then binary options caught my attention with it's simplicity. Now I'm glad it did because it really is worth it. More posts by this author