A managed binary options account is a service that allows you to make money while you sleep. This type of account is not managed by an individual, but by a professional trader who works under the name of a service provider or can work individually.
These traders who manage your Managed Binary Options account oversee all the funds you deposit and take care of your investment portfolio. Binary options trading involves an optimal level of risk, which makes it difficult for beginners to break through. For this reason, they want to hire managed binary options service providers for assistance.
In this article, you will get a clear idea of how a managed binary options account stands out from the crowd to help you make a good profit from this trading journey.
Most important facts about Binary Options account:
- A managed binary options account is handled by professional traders, distinct from individual trading accounts, aiming to optimize trading decisions and manage risks.
- Professional traders in managed accounts employ disciplined trading strategies, maintain high win ratios, and implement effective risk management practices.
- Managed accounts offer personalized interaction with professional traders, providing insights and updates on trading activities.
- Starting with a managed binary options account requires a smaller capital, and these accounts often provide liquidity options for funds.
What is a managed Binary Options account?
What you will read in this Post
A binary options managed account is a general type of account that is owned by an individual trader, but here an experienced manager or trader manages and looks after this account. They are the trading advisors, master traders and people with immense knowledge about this trading journey.
There are small businesses and individuals who intend to offer such services to the traders. The purpose of managed accounts is that they try to make meaningful investments for their clients. They keep track of all the investment strategies, risk management levels, and realistic goals while managing the account.
Perks of hiring managed Binary Options account
A professional or a team of professionals takes care of the managed binary options account, which is why such an account can offer a lot of advantages. Therefore, with this feature ability is pretty much easy for making profits on consistent practice.
The managed binary options account handlers possess some superior skills that are essential in order to help clients make profits.
Those characteristics and trading traits include:
- They possess a disciplined style of trading. It means that they do not deviate from the trading rules or plans in any situation. And that is what makes them believe in making more profits, even after incurring a loss.
- They have the skills to implement safe money management aspects. It means that they use the right trading strategy in order to manage your deposited funds and play within the profits without emptying your broker account.
- These managed binary options account systems or strategies have a high win ratio, as the professionals have their eyes on the price movement of select assets every second.
- They have high emotion management skills that help them stay in control, even where there is a high number of consecutive losses. It is all about believing in the strategy to back those losses with impeccable wins.
- They have the patience to stick to the right strategy, even if it fails for the first couple of times. They do not change the trading pattern or investment, as it might ruin the tactics. Hence, they are patient enough to control their adrenaline rush of investing big amounts to cover up the small losses. They do nothing that will give a surety of loss!
The job of a managed binary account manager explained
A binary options account manager is a professional trader who is responsible for monitoring your investment and making trading decisions on your behalf. Working either as part of a team of service providers or as an individual, they ensure that your funds are managed optimally to minimise risk and increase potential profits. Their role is crucial, especially for novice binary options traders, as they have expertise and strategies to navigate the complex trading environment.
Features Of hiring a managed Binary Options account
There are pretty much a lot of features and services that you get on taking up a managed binary options account. These features are the sole motivators for the traders to buckle up and hand over their trading journey to professional managers.
The features are as follows:
- You get professional traders
By taking up this service, you get a team of professional traders looking after your single or multiple trading accounts. You can be sure of the fact that your money is being under the supervision of experts and professionals. And they have the training to use effective and tested strategies only! Moreover, they also implement some sophisticated risk control aspects to reduce the loss potential over the account or trading journey.
- Personal interaction
The Managed Binary Options account stands out from the other general broker accounts because of the personal interaction. With such an account, you get the opportunity to interact with professionals to know the whereabouts of their accounts. It is therefore beneficial for the investor or trader to keep in touch with the providers and receive updates on their trading accounts. For example, suppose the investor wants to get an insight into the history of their trading journey with a managed account. In this case, they are free to interact with the professional traders who manage their accounts.
- Requirement of small capital
Managed binary options account for the demand for smaller capitals to commence with the services. Therefore, you do not have to store a large number of funds for the professionals to commence with your managed trading journey. It is because small businesses and individual account managers know the importance of transparency. Therefore, you can always start with small capital and gradually increase only if you feel to.
- Liquid accounts
Most of the professional service providers for managed binary options accounts wish to offer scope for liquid accounts. It means that some of such service providers allow withdrawal flexibility and privileges to their clients. Moreover, it is profitable for the clients to have uncontrolled access to their own funds, both capital & profits. Hence, it is an optimal service to try on!
How to choose the best binary managed account
If you’re considering jumping on the managed account bandwagon, there are a few nuances to consider when choosing a binary managed account. Please pay more attention to this part. Just as you’d be careful when choosing a mentor or guide, choosing the right managed account requires discernment.
Firstly, delve into the track record of the professional trader. A history of consistent performance can be a good indicator, but remember, past success doesn’t guarantee future results. Also, consider the fees involved. Some managed accounts charge a flat fee, while others might take a percentage of the profits. Understanding this can help you make an informed choice.
Moreover, transparency is key. Opt for platforms or services that provide clear and regular updates on trading activities and performance metrics. After all, while you’re entrusting them with the trading decisions, it’s still your hard-earned money on the line.
Free trials for managed accounts
Some binary options managed account providers offer free trials where traders can test their services before committing. This can be a valuable opportunity to check the compatibility of trading strategies with your investment objectives and risk tolerance. Pocket Option does so, so consider choosing a free trial there.
Managed accounts in forex trading – are they worth it?
Although the focus of managed accounts is on binary options trading, some parallels can be drawn with forex trading. In both scenarios, managed accounts offer the advantage of a professional trader or team of traders making informed decisions to optimise trading results. However, it should be noted that forex trading and binary option trading are different. In many cases, it is worth having an account manager in forex trading because of the need for quick decisions and, above all, the ability to react. This is why it is particularly good to have specialist knowledge. They are worth it.
Alternatives to managed accounts:
In addition to managed accounts, traders in the binary options market have access to other tools and services such as trading signals, automated trading robots and social trading platforms. These alternatives offer varying degrees of control and involvement in the trading process and are tailored to different preferences and trading styles.
Trading signals are one of the most popular alternatives to managed accounts. They provide traders with insights and recommendations on potential trades, derived from technical and fundamental analysis conducted by experienced traders or automated algorithms. They act as a guide to help traders identify the right entry and exit points, the underlying assets to trade, and the direction of the trades. This is particularly beneficial for traders who prefer to be actively involved in the trading process but still want access to expert advice and analysis.
Automated trading robots
Another popular alternative is automated trading robots, which offer a blend of automation and control. These robots are programmed to execute trades based on pre-defined criteria and trading strategies. Traders have the flexibility to set their trading parameters, including the assets to trade, the amount to invest per trade and the level of risk. Automated trading robots are ideal for traders who want to take advantage of trading opportunities around the clock, without having to be constantly glued to their trading screens. They offer a degree of automation while still allowing traders to control their trading strategy and risk exposure.
Social trading platforms
Social trading platforms offer a unique alternative, fostering a community of traders who share their trading strategies and performance. Traders can follow and copy the trades of more experienced and successful traders, benefiting from their expertise and trading knowledge. This approach provides a balance between autonomy and guided trading, as traders can choose who to follow based on their trading performance and risk appetite.
Best Managed Binary Accounts for Copy Trading / Social Trading
Managed binary options accounts that have copy trading are often overseen by professional traders who aim to optimise trading decisions and manage risk effectively. Copy trading is particularly beneficial for those new to trading as it ensures a level of expertise is applied to their investments.
Pocket Option: A top choice for binary traders
Pocket Option stands out as a highly recommended broker for binary traders. Established in 2017 and regulated by the IFMRRC, it offers a secure and user-friendly platform with a variety of assets to trade. Traders can expect high payouts of between 80% and 100% on most trades, and the platform also offers a 50% deposit bonus when funding your account. With a minimum deposit of $50, Pocket Option is accessible to a wide range of traders. The platform supports social trading, allowing users to observe and learn from the trading strategies of successful traders.
Founded in 2016 and operating from the Marshall Islands, BinaryCent has quickly become a major player in the financial trading space, offering a wealth of services in binary options trading, forex trading and CFDs. The platform stands out for its managed binary options account services, ensuring that traders, whether novice or experienced, have access to professional support and insight to navigate the volatile binary options market.
As traders navigate through the intricacies of binary options trading, the role of the Account Manager becomes crucial. These professionals guide traders, helping them to develop sound trading strategies and maximise their profit potential across the extensive range of over 100 different assets available for trading on the BinaryCent platform. The presence of professional traders on the platform further enriches the trading experience as they bring a wealth of knowledge and expertise.
The platform also promotes a collaborative trading environment through its Social Trading feature, which encourages traders to learn from each other. This is particularly beneficial for newcomers as it gives them the opportunity to observe and replicate the strategies of successful traders, thereby improving their own trading acumen.
(Risk warning: Your capital can be at risk)
RaceOption, a prominent player in the financial industry, has established itself as a trusted broker in the field of binary options trading. Renowned for its generous bonuses and user-friendly trading platform, RaceOption offers traders a comprehensive trading experience. The platform provides access to a wide range of financial instruments, including Forex trading, binary options and CFDs, catering to different trading strategies.
With a commitment to innovation, RaceOption has integrated advanced trading tools and features such as Social Trading and Copy Trading, allowing traders to leverage the expertise of professional traders. The platform’s trading signals and technical indicators further empower traders to make informed decisions and execute winning trades.
RaceOption’s account management services are first class, with dedicated account managers available to help traders maximise their trading potential. The broker offers three different account types, each tailored to meet the unique needs of different traders. Whether you are a novice trader or a seasoned professional, RaceOption has an account type to suit your trading style.
(Risk warning: Your capital can be at risk)
A relatively new entrant to the binary options trading industry, Quotex has quickly risen to become a prominent broker, renowned for its innovative features and user-friendly interface. The platform has gained a reputation for its commitment to providing traders with a wealth of tools and resources to enhance their trading experience.
One of the standout features of Quotex is the integration of free trading signals, which boast an impressive 87% accuracy rate. This tool is invaluable for both novice and professional traders, providing insightful data and predictions on market movements to help make informed trading decisions. The platform’s commitment to transparency and accuracy contributes significantly to its credibility in the financial industry.
In addition to trading signals, Quotex is renowned for its advanced copy trading features, which allow traders to mimic the strategies of seasoned professionals. This is particularly beneficial for those new to binary options trading, as it provides a hands-on learning experience and the opportunity to understand the nuances of the market without the steep learning curve.
Getting started with Quotex is accessible, with a minimum deposit requirement of just $10. This low barrier to entry ensures that trading is democratised and available to a wider audience, regardless of their financial background. The platform also promises a potential 95% profit on every successful trade, demonstrating its commitment to providing lucrative opportunities for its users.
(Risk warning: Your capital can be at risk)
Conclusion – Managed binary options accounts offer many benefits but risks of scams
When you are handing over your binary options trading journey to the hand of managers or professional traders, you need to make sure that they are legit in offering services. So, you need to do some background research until you are satisfied. It is because there are fake companies that get hold of accounts of clients and take the funds to their name and gallop away.
Many such cases are recorded so far across the globe. But it is the fault of the client to trust some brand without any background information. The fraudsters are only successful because people aren’t smart. So, do your background check and hire the best-managed binary options account provider.
Frequently Asked Questions (FAQs) about a Managed Binary Options Account:
What exactly is a managed binary options account?
A managed binary options account is an investment account where a professional trader or a team of experts handles the trading decisions on your behalf.
What are the benefits of having managed binary accounts?
The main benefits of a managed binary options account include disciplined and strategic trading, higher win ratios, and professional risk management. These factors can lead to more consistent profits.
What features can I expect when I opt for a managed account?
You can expect features that often include the expertise of professional traders, the ability to interact personally with your account managers, low initial capital requirements and liquidity options for your funds.
How do I ensure that the managed account service is reliable?
It’s crucial to conduct thorough background checks on the service provider. Look for verified reviews, track records, and ensure that they are regulated by financial authorities.