So you will find that it is a very good business to start. Also, after they make a deposit, traders can invest in different assets that we mentioned before. This can work very well in the out skirts of Nairobi such as Kamulu, Joska, Isinya, Ngong, Kiserian and other towns where land is still inexpensive. NerdWallet offers financial tools and advice to help people understand their options and make the best possible decisions.
ABOUT MOPTIONS CAPITAL
The option expires after a predetermined time frame it can be anything from 60 seconds to one week, but the most traded options have a time frame of 30 minutes or one hour. He pays USD for the option with an expiration of one hour. After 60 minutes, when the option expires, the price of Crude Oil has climbed to Since our trader bought a "Call" option and made the correct prediction that the price of oil will increase, he will receive the option's payout which is USD.
In only one hour, our trader received USD for the option he bought with USD, resulting in a profit of 85 dollars. Option price - the amount of money paid for the option the trader can set this value according to his trading capital - binary options can be bought from as low as 20 dollars. Expiration - how much time before the option expires it can be 60 seconds, 15 minutes, 30 minutes, one hour, 4 hours or more. Binary options traders can customize their options by choosing the option type, the asset and the expiration.
Trading binary options from Kenya is very accessible, as all major brokers accept Kenyan traders. You only need to register an account with a binary options broker which takes no more than five minutes and deposit funds into your account.
If you are depositing using a debit or a credit card you will have your account funded and ready to trade in just a few minutes. There are no binary options brokers located in Kenya, but fortunately for us all the major international brokers accept Kenyan clients. While there are many binary options brokers on the internet, we recommend the following brokers as they have the best reputation and are very quick when it comes to withdrawing your money:.
If you think predicting the market moves is difficult, there is still a way of trading binary options with success. Some experienced traders have developed computer algorithms that generate trading signals based on statistical indicators this is known as technical analysis or algorithm trading.
Those signals are then sent to the broker's trading platform and converted into real trades automatically, as the algorithm also known as binary options robot buys Call and Put options according to its trading strategy and calculations. This guide will provide all information regarding most popular brokers that are available in Kenya.
Also, we will help you to learn more about brokers in Kenya, can Kenyan traders use binary options software and are there options to trade with some popular brokers in the industry. All these years, traders are trading every day in Kenya.
Thanks to good payouts and a wide variety of different settings, binary options have become a strong choice for trading on the financial market. In this article, we will try to explain how to trade with different currencies, commodities, indices, and stocks.
Traders from Kenya have a goal to profit from binary options and we believe that they can succeed by adhering to certain strategies and rules, and not rely on pure luck. For this reason, with this guide, we will try to bring all Kenya traders closer to binary options and how to trade in order to be a successful trader. Binary options are not just for professional traders and successful investors.
They are also for beginners who have to learn to abide by the basic trading rules for starters. Binary options began their boom in in the US. However, in time they have spread to all continents. Advanced technology has enabled all traders to access the market at any time and set up trade in the way they want.
In the same way, binary options have also been developed in Kenya, so we have many Kenya traders who are profitable and trading on a daily basis on the market. As we have already mentioned, for Kenya traders it is important to know the binary options. This means understanding the main purpose of this type of trade, which is the prediction of growth or fall of a particular asset in the given time interval.
This means that at any time if you meet all the conditions with the broker and if the broker offers one of these types of assets, they can invest their investment in a particular trade.
These are all ways in which you are investing a certain asset, while at the same time traders need to decide when to invest in a particular trade. In order to succeed, it will be necessary for them to choose expiry times that determine the duration of each trade. For the time intervals, the trader can choose 60 seconds, 2 min, 5 min, 15 min, 30 min, daily, weekly, monthly, and more. The entire binary process for Kenyan traders is being done online and only high-quality Internet connectivity is required.
Also, it is important to note that this type of trade also carries certain risks, and we will explain them in further text. The very definition of binary options is very simple. You invest your money to predict whether a certain asset will grow or fall in a given time interval. In order to do this, it is necessary to monitor the market analysis and take care of certain tools and features provided by brokers. With this trading method, traders know in advance what sort of result they can expect.
This means you can at any time know how much you can win, but also lose on a single trade. In order for the binary options trade to be successful, it is necessary that more functions and tools work as one. This can be achieved by setting up your account properly. High returns are one of the main reasons Kenya traders want to trade binary options. Many binary options traders have the same goal — earn as much money as possible, and binary options are available to everyone, from beginners to professionals.
What can help you with this are the various trading settings, features, and tools that you can use while trading. With a demo account and the help of the virtual money that your broker is giving you, you can try out all the strategies, tools and settings of your account.
This way, especially beginners, can test the software and see if they are satisfied with its performance. This means that Kenya traders can completely try out how to trade binary options and see if they are attracted to this kind of trade. Also, the great advantage of binary options is also mobile apps that allow traders to trade on the move. Apps are linked to Android and iOS systems so Kenya traders can use them on their mobile devices and tablets.
Expiry times are really important part of the binary options trading process. However, understand how binary options expiry times work is big imperative for the traders. There are different expiry times with various lengths and some offer better odds than others. Some of the brokers will tell you that expiry times depend on the assets you choose and the option you use to trade. The answer for this questions is simple; Yes!
There are basically three types of expiry times that traders can use:. Also, trading on different assets can affect which expiry times you need to use. According to the brokers, commodities and indices are advised to trade with short expiry times and for stocks, traders should use medium to long expiry times. Interesting information is that traders from Keny have a great choice of brokers who can trade binary options and thus expand the possibility of trading with them.
Likewise, these brokers allow a large selection of expiry times and manipulation of certain assets due to different expiry times options. Choosing a quality and safe binary options broker is the most important in the entire binary options trade process. There are a variety of brokers available for traders from Kenya and it is, therefore, good to check all available information on a particular broker, so that you do not invest in broker scams. To begin with, we suggest that you check if your broker has a demo account.
This is the best way, especially for beginners, to test software and decide whether to continue trading with it. It is also necessary to read the broker reviews that are available on our site to find out more about what a particular broker can provide. Each broker works in a different way, offers different settings and strategies that can be used during trading and has different minimum deposit requirements. Also, traders are able to deposit with MarketsWorld, Highlow , Binary. Also, when a Kenyan trader decides to use a specific platform, we suggest reading the terms and conditions that should be on the broker page itself.
In this section, you will be able to get important information like withdrawal options, bonus options and different requirements and rules for trading. It is important to inform yourself of everything that the broker provides you and all that you can use to trade more profitable. Likewise, if your broker has customer support, this can greatly contribute to the quality of the service. This way, you can get all the important information quickly, and educated agents can help you explain all the ambiguities you face.
For all Kenya traders, we have also created types that you should follow when choosing the appropriate broker you want to trade with:. All these tips can help you to trade quality, and knowing more about the broker can increase your profitability. You have to be careful because there is much suspicious software on the Internet and brokers who are not in the interest of making a profit.
A lot of brokers you can trade with and are available in Kenya have a regulated license. However, the broker decides whether to be regulated and in what way. If the broker is not regulated, it does not immediately mean that broker is a scam. The most famous regulatory body involved in licensing binary brokers is CySec. CySec means Cyprus Securities and Exchange Commission and its license provides traders with a safe experience. Also, this regulatory body monitors brokers who have to comply with their regulations and rules.
Cysec primary goal is to track brokerage relationships with clients and how it behaves in important trading aspects such as payments, withdrawals, winning ratios, trustworthiness, and security. As we have already mentioned, if a particular broker does not have a license, that does not mean that he is immediately a bad one or a scam. Brokers recommended for Kenya are confident and safe. So far, we have had no reports of something bad happening. Also, we advise all traders to read all broker-related information so that they can choose the broker that best suits their needs.
In order to choose the highest quality broker that provides you everything you are interested in, you need to be well informed. In the world of binary options, security is the most important, and the trade process takes place through a broker. Most traders in the registration process only accept terms and conditions text with the aim of creating their account as quickly as possible. However, in terms and conditions text you can often find all the essential items and broker information.
This means that by creating your account you can see all the advantages and disadvantages of a broker. Therefore, we recommend all traders from Kenya to read the terms and conditions thoroughly because such information can only contribute to quality trading. Deposit and withdrawal process is a very important part when we talk about binary options.
Secure trading platform and honest client relationship should be the task of every broker. There are over brokers in the market that build their reputation and brand name in a variety of ways. However, among all these brokers there are also scam brokers and in this part of the guide, we will show you everything you need to know when deciding to make your deposit or withdrawal.
Our team on binaryoptions. When Kenya traders decide to make a deposit and withdrawal with a specific broker, they need to have all information and what does it take to get the funds on their account. A majority of binary brokers use high standards for their trading platforms.
The SSL technology encryption works in a way that all your personal information is secured and it encrypts all data of registered users. With this system, traders can feel safe and everything related to their account will be secure with broker only. The process of making a deposit with a broker is usually very simple. Before making a deposit, traders need to create an account which is usually completely free.
To create an account, traders need to insert their name, surname, telephone number, email address, and password. After the registration process is over, traders are supposed to make a deposit with a broker in order to start trading.
However, as we already explained, some of the brokers can be tested with a demo account. This way, traders can know more about the platform, strategies, trading features and tools etc. What is important for Kenya traders is the same for all other countries that are supported to trade with binary options and that key part is identity verification.
This means that traders need to provide true identity so brokers can help them about different options, especially withdrawal. As we already mentioned, you need documents that are needed to verify your identity and these are:.
Also, you will need to send utility bill, bank statement or other proof of your residence. According to the Terms and Conditions which we said are really important, the broker can ask you for other documents. Keep in mind that this procedure is different from broker to broker. Some brokers can ask for documents during the registration process and they are doing that for their own safety and security of your funds. Thanks to his policies, it is impossible for the third party to manipulate with your account and maybe withdraw your funds.
After you have traded a certain period of time and you have winnings that you want to withdraw, the process is really simple. Traders are supposed to go directly to their trading account and find a withdrawal button. After that, you need to follow the instructions and submit your withdrawal request. However, the broker has the final word and usually, they need some time to process it. This process usually lasts from 24 hours up to 5 days. Also, it all depends on which method did you use for a withdrawal option.