Many traders cannot afford great volume of investments for trade in the financial markets. Therefore, they can choose the binary options brokers with the minimum deposit. However, you may ask yourself quite a reasonable question: how low the deposit can be?
Brokers of binary options with the minimum deposit
There are companies which allow to start trading with a minimum deposit or with considerable investments among the modern leaders of binary options market. For example, there are brokers with which you can work starting from 250 or even 500 currency units. It is caused not by the broker’s greed or unwillingness to provide traders with possibility to start trading with small sums. The matter is that a serious work in the binary options market, as well as at Forex, starts with significant investments.
Currently there are the following brokers who allow to begin trade with the minimum deposit:
|Broker||Min. deposit||Min. trade||Demo account||Regulation||Options||Payment methods|
|First Binary Option||5$||1$||—||—|
For many people the trade’s already become not only a life style, but a personal business. And it is a well-known fact that business requires capital investments. That’s difficult task to find a modern businessman who started his business without any investments. This concerns the financial markets as well.
Thus, binary options with the minimum deposit are rather wide spread in the today’s market. But this is now an advantage at all, but only a waste of your time. It is very risky to start trading with small sums, since sooner or later; the trader gets fed up with receiving small profit and will start neglecting money management rules. Therefore, if you want to try working with low deposits, you should keep in mind they are good for beginners only; you won’t earn significant sums with them. On the other hand, many beginners lose their initial deposit (and this is a very useful experience which helps to trade profitable in future). It goes without saying that it is better to lose 10 dollars, than 250.
The minimum deposits of 1 rouble are very rare in binary options. Whereas brokers who allow working with 1 dollar are much more wide spread.
The amount of the minimum deposit
As it was already mentioned not every trader can afford a significant deposit. To say in other words, many people have one thousand dollars, but not everyone can afford investing such a sum in trading at financial markets. So what should you do then?
Of course you may borrow some money and open a good account at the broker. But, as a rule, the trade on credit does not have any positive results, since the financial risks are not a hundred-per-cent guarantee of profit. There are certain risks to lose everything. Therefore, you should consider everything very carefully before borrowing means for the trade
In fact there are binary options which minimum deposit makes up hundred and even ten currency units. You may find also brokers who offer to open accounts for smaller amounts. Anyway, you should consider them like demo accounts. That is you won’t make big money at such trades. On the other hand, it is a great way to get experience in trade in the financial markets.
You should remember that the minimum board lot and the minimum rate are different things. But they are closely interconnected, and one concept results from another one.
In order to start getting really good money, it is better to start working with at least five hundred US dollars. Then you will be able to invest significant sums in one transaction, without breaking capital management rules. The same rules apply to the minimum deposit in roubles.
Many traders who have enough money make a mistake by investing small sums. Thus, they risk to lose much more money, because the trader may not pay due attention to the analysis at the trade, if the sum is insignificant.