Binary Betting Providers - Where to Binary Bet
Binary betting is an increasingly popular add-on for traders looking to diversify their portfolio, and many new traders are being introduced to the markets directly as a result of binary betting’s increasing profile. As a result, binary betting has become a growing fixture amongst the many brokers and online spread betting providers, which helped fuel the cyclical growth of binary as a trading medium.
Binary betting is most commonly associated with financial spread betting, given the significant cross-overs between the two, and as such it is common to find spread betting brokers quoting odds on binary bets. The fact that binary bets are offered off-exchange, are quoted on spreads, and work on the basis of multiples of stake, both in profit and in loss, makes them the ideal companion for spread betting, and there’s no-one better placed to offer binary betting than the spread betting companies themselves.
Binary betting is also offered by a number of CFD and share brokers, particularly online. In spite of the sound of its name, binary betting doesn’t tend to be viewed as a form of gambling, but rather a distinct investment tool that can be put to good advantage as part of a diversified trading portfolio.
But with so many different providers offering binary betting as part of their standard product catalogue, it becomes a question of identifying the best broker to choose in order to provide the best value, which is a harder comparison than it might at first seem. Given the volatility of binary betting odds and the lack of standardization in odds and spreads across the market, settling on a reliable, service-orientated binary betting provider is as good a choice as you can make without thoroughly researching the minor differences between each binary provider.
Because binary betting providers comes in all different shapes and sizes, and because the difference, both in terms of spread widths and the competitiveness of the prices offered, can have a dramatic impact on your trading bottom line, it pays dividends to put in the legwork and find a binary betting platform that works for you.