Searching for a safe binary options broker?
Want to know whether OptionYard is a reliable company?
OptionYard is a new binary corporation, launched in late 2013. It is a white label, unregulated and therefore unsafe broker to invest with To better understand the disadvantages and risk of trading with this broker, here is how it compares to the best competitors within this online trading market.
OptionYard vs. Top Brokers
24Option is a fully licensed broker. Regulated brokers operate according to specific financial demands and are supervised by a financial authority which guarantees the safety of your money. 24Option offer the largest and most complete video library with tutorials that guide you through trading strategies, risk management and important information that helps you become an expert and successful trader. Sign-up to their free online webinar to start making profit:
UBinary is the leading binary options corporation worldwide, offering an array of advantages, all of which are missing from OptionYard. Among those are professional investment counselors, full-proof regulation that protects your money, an online magazine with current financial news, an education center and a 100% bonus. All these benefits enable you to earn and profit consistently. Learn more about their free signals now:
OptionBit has a similar variety of tools at your disposition. This includes Algobit, the most advanced signals tool within the binary market. This software is free and becomes a part of your trading platform interface automatically. It scans markets in real time and identifies the best probable trades, executing them and leaving you the sole task of confirming each transaction and benefiting from the high level of accuracy it offers.
OptionYard lacks all this benefits. This fact points not only to a lack of services, but also causes traders to question the seriousness and intent of this company.
What is OptionYard?
Fraud allegations can arise when a company offering a high-risk financial derivative such as binary options does not give any information about its whereabouts.
Neither on its “about” segment, not through its terms and conditions is it possible to establish who are the people or companies that operate the OptionYard site. Such lack of transparency is common to internet scams, and a company that wishes to present itself as a serious financial institution must give clients accurate information about its operations.
OptionYard is a relatively new binary broker, and therefore once could give them the benefit of doubt. So far they have not been involved in any clear wrongdoing, and it is possible that the company strategically decided to invest firstly on other aspects within itself. Nonetheless, in terms of reputation, this does not bode well.
A white label brand operating through platform provider Tradologic, OptionYard has so far failed to offer any unique advantages, let alone provide the same service and assistance that the leading brokers give you.
The OptionYard Site
With no educational tools, webinars or trading signal tools to speak of, the OptionYard site feels raw and somewhat unprofessional. Nonetheless it does have certain unique advantages. Most noticeably, one can access the site in more than 25 different languages! A verification of a few of those options reveal that the translations are accurate.
OptionYard has had most of its success in the German market, an oddity, since this markets is well-served by companies offering much better packages to new traders. Its payouts are within the average of binary brokers and as always, can lead to substantial earning.
It is important to always remember that binary trading involves significant risk that can lead to the loss of investment, and therefore requires caution. A first important step is choosing a regulated, experienced and reliable broker.
Asset Index and Option Types
There are essentially four types of assets available for traders on any given platform:
- Currencies – such as USD, EUR or GBP
- Stocks – such as Apple, Nike or Coca Cola
- Commodities – such as Gold, Silver or Oil
- Indices – such as the Cac40, Nasdaq or Dax
One of OptionYard’s more glaring flaws is a very limited and small asset list which is definitely not sufficient for building a strong investment portfolio. Binary trading is largely about identifying and grasping opportunities that present themselves within a trading session. Of course, the larger the asset list at your disposal, the better chance you will have of profiting from any given market development.
OptionYard has one of the smallest and least attractive asset indices within the entire binary option field and this is another reason to avoid selecting this broker. Although offering such an index is not indicative of a scam, it does demonstrate a lack of commitment towards clients.
As far as the types of options within the platform, these include the regular call/put options, one touch, range and 60 second options. All these can be found in any Tradologic brand. OptionYard does not offer the very popular bitcoin options.
OptionYard Scam – Conclusion
Binary trading can create substantial income for traders willing to take their online investment seriously. To diminish the risks involved and benefit from the high payouts, it is imperative to choose a safe financial institution to operate through, and to learn multiple trading strategies.
While there are brokers which offer both proper regulation and educational centers to their clients, OptionYard is not one of them. The site is very lacking in support to those traders which want professional guidance, a serious and experienced approach to online trading, and the reassurance while trading.
OptionYard is new, and perhaps in the future it will also become a destination for your investment. Yet currently this broker is not prepared to compete with the tools and services offered by its competitors.