There are many binary options brokers currently in operation. You could say even that the market is flooded. There are in fact literally thousands. That’s why it is important to know who the market leaders are and who can really be trusted.
Out of the literally thousands of binary options brokers, there are really only a handful that have a really good reputation and have stood the test of time. That’s not to say that all the other brokers cannot be trusted or do not offer good support and a good trading experience.
The main problem of binary options trading is that the lack of regulation makes it very easy for new brokers to pop up and offer services. There is simply no way to ensure that these services are of high quality.
Brokers like Banc De Binary have been dealing with binary options trading for many years now, more exactly since 2008 when binary options trading became officially approved by the CBOE. This means that many traders have already used them for trading and they have already established quite a reputation. They also plan on keeping this reputation, so they usually try to keep their customers happy. This is of utmost importance with binary options brokers, since you always want to know that they’ll be there when you need them.
If a broker is going to give you trouble when you try to withdraw your winnings, you’re not going to want to trade with them. I mean, what’s the point of making thousands of dollars in profits if you can’t get your broker to deposit the money into your account in the end. You’re in this to make money, not for the enjoyable experience.
In short, even though there are a large number of brokers with shiny platforms and nice little logos, you’re not going enjoy yourself too much if you can’t trust them and cannot enjoy your profits. Read up on the different brokers before you make a decision and don’t let friendly sounding account managers convince you to join a broker that you don’t know too much about.