Binary Options Sri Lanka
Binary Options trading in Sri Lanka
Nearly 20 million people live in Sri Lanka, and many Forex, Stocks, and Options traders have fully embraced the Binary Options trading environment. Binary Options trading involves predicting correctly if the price of an asset will go up or down after a predefined time interval. If you guess it correctly, you will win up to 92% on the invested amount. It is known as “binary” because there are always just two possible outcomes. It is either a YES or a NO. If this is something that you find interesting and want to do yourself, then read through this article.
Binary Options Sri Lanka is one of the well-known markets for those who want to succeed in this trade. Lots of investors want to put their funds in such a high-risk but with high return trading instrument. These allow traders to trade with limited funds and use trading strategies to be successful and profitable.
Why people are trading Binary Options in Sinhala?
Binary Options Sinhala Binary options in Sinhala has gained much popularity among the traders’ community, especially the traders with higher risk appetite. Sri Lanka (Sinhala) is continuously encouraging investments into its rapidly developing economy. In the recent past, it has brought several changes in policies to create a more favorable investment climate in the country. The per capita income in Sri Lanka has doubled since 2005, and Sinhalese investors are seeking new investment opportunities to boost their return on investment. Hence the local Sinhalese entrepreneurs and foreign investors have chosen Binary Options Trading in Sinhala (Binary Options Sri Lanka) to get up to 92 %* return on investment for a successful trade.
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Binary Options Trading and Sri Lanka
Binary options trading in Sinhala (Sri Lanka) has seen rapid penetration into small cities due to increased computer and internet users worldwide. The majority of the binary options traders are from Colombo, the capital city of Sri Lanka.
Binary options are completely different from trading stocks, Forex, bonds, and mutual funds. But binary options are quite simple to understand. Instead of investing in a particular asset (i.e., Microsoft, Google, Facebook, EURUSD, USDJPY, or NASDAQ), a person who invests in Binary Options is betting on price fluctuations in the price of a particular asset. The investor who predicts the direction of price fluctuation correctly will win a predetermined sum of money; if the prediction goes wrong, he loses the entire investment.
There are different expiry time duration provided in binary options trading. The expiry of the trades may vary from 30 seconds to up to one day. The expiry time is the point of time when the reference price of the asset is considered to decide the outcome of a trade.
Recently, the Sri Lanka government has lifted restrictions on foreign exchange flows and allowed the free transfer of money in and out of the country, to encourage investment in the country, which is very encouraging for Binary options in Sinhala.
Finding the best Binary Options Broker in Sri Lanka
The first step towards making your binary options trading is choosing a Binary Options Broker in Sri Lanka. Picking the right Binary Options broker in Sri Lanka is vital to your success as a trader. With the help of a reliable broker and technical indicators, Binary trading is undoubtedly easy. It can be very profitable, but overwhelming, especially if you are a beginner. So, you need a Binary Options broker to ensure that you have the services and security you need to start trading safely. Check out the list of Binary Options Brokers.
- Trading account starting with $10
- Payout up to 95%*
- Most trusted broker in Singapore
- Quick fund deposit and withdrawal
- Free Demo with $10,000
- Minimum deposit $10
- Free trading signals
- PC, iOS and Android Apps
- Fund withdrawal to card or wallet
- Free Demo Account with $10,000
- Minimum deposit $5
- Bonus deposit available
- Free education on strategies
- Free Demo Account with $1,000
- 1 hour fund withdrawal
- Minimum deposit $10
- Advanced trading platform
- Quick fund withdrawal processing
- Weekend trading available
- Free Demo Account with $10,000
IQ Option Sri Lanka
Founded in 2013, IQ Option Sri Lanka is one of the world’s largest binary options brokers around today. It is an online trading platform that offers various financial instruments like Binary Options, Forex, Digital Options, and CFD platform. IQ Option Sri Lanka offers a Free Demo Account for traders. It is a great way to try other strategies and get familiar with the interface of the trading platform. Traders can deposit using a credit card or debit card (Mastercard/Visa). Also, some electronic wallets, such as Neteller, Skrill, Cryptocurrencies, and WebMoney. The Electronic Wallets can help you deposit without directly using your Credit or Debit Card information on IQ Option’s website. If you face any issues while making an deposit, feel free totalk to your account manager or customer support.
IQ Option Contact Sri Lanka
Customer support not only shows that they care about their clients, but it also shows their professionalism. IQ Option provides support through its Global Support Team for Sri Lankan traders. You can contact via Email: email@example.com, Online Live Chat, and a call back request from the account manager.
IQ Option Sinhala is one of the best-regulated brokers with whom you can start trading. A trading account with IQ Option Sinhala begins with a deposit of just $10. It also offers a lifetime free demo trading account without any restrictions. While trading Binary Options in Sinhala, you can trust IQ Option when it comes to the safety and security of your fund. IQ Option Sinhala has been recognized for its outstanding service and trustworthiness and its unique trading features. They ensure the same due diligence while following the regulatory standards of the European financial authorities. Hence you get a transparent and regulated environment with IQ option. You can trade Binary Options, Forex, CFD, Cryptocurrencies, and other advanced trading instruments with IQ Option Sinhala. Check out a more detailed review of IQ Option Sinhala and open a free demo trading account. IQ Option Review Sinhala.
How to trade with IQ Option in Sinhala?
You can learn to trade binary options after you open a real or demo account with IQ Option. They offer excellent resources on strategies and trading for training. You can trade in a demo trading account to practice your strategy. Although binary options trading looks quite simple, it requires much practice and skill to trade successfully and make money. If you still have not got the answer to the question “How to trade on IQ Option?” jump in and open a free demo trading account. Practice a lot; keep applying your skill to see how interesting it can be.
So traders with some knowledge of Financial Markets, Stock Markets, or Forex market may find it quite simple to start with.
Is IQ Option Option legal in Sri Lanka?
Yes, IQ Option is legal in Sri Lanka. You can always check the list of restricted countries on the IQ Option website. IQ Option has no mention of Sri Lanka as a restricted country for Binary Options trading.
Olymp Trade Sri Lanka
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Olymp Trade Sri Lanka is one of the leading Fixed Time trade and Forex brokers having clients worldwide. It complies with the regulations of the International Financial Commission. It accepts investors from most of the countries, including Sinhala (Sri Lanka).
Olymp Trade has it’s custom-built modern, advanced, and most user-friendly trading platform. The trading platform is equally suitable for professional traders and beginners. Olymp trade Sinhala allows you to trade both Fixed Time Trades and Forex trades in the same trading account. The Fixed Time Trades range from 60 seconds to up to 5 minutes with a payout of up to 90%.
Olymp trade Sinhala – Best trading conditions and free demo account
Olymp trade Sinhala offers the best educational materials on trading and strategy suitable for new and experienced traders. Their training material on different trading Strategies and Indicators can give you a jump start in Fixed Time Trading. It offers Free Webinars to its clients from Sri Lanka. It is an excellent opportunity to get expert training and start trading Fixed Time trades and Forex in Sinhala with Olymp Trade.
How to start trading with Olymp Trade in Sinhala?
Olymp trade allows traders from Sinhala to open Free demo trading and real trading accounts. If you need to have a firsthand experience on Olymp Trade’s trading platform, check it out with a demo trading account. You can use the unlimited free demo trading account for sharpening your skill and practice purposes. After getting familiar with all aspects of Binary Options trading with Olymp Trade, traders can trade with real money with a real account. Olymp Trade Sinhala has owned the trust of its clients with a transparent trading environment.
It has friendly customer service and a wide range of payment methods. The payment methods include QIWI, Webmoney, Yandex.Money, NETELLER, Skrill, and Fasapay in addition to Visa and Master card deposits. The traders from Sinhala can choose from many alternate payment methods to start trading with Olymp trade Sinhala.
Can we trust Olymp trade? Is it legal in Sri Lanka?
Olymp Trade Binary Options is one of the highly respected brokers. And they are regulated by the International Financial Commission ( FinaCom). Since the trading platform is a member of this organization, unlawful acts are covered up to $20,000 per client. Finacom secures protection to traders in case the broker turns out to be a fraud. It only proves that Olymp trade is a safe and reliable broker. It offers a BONUS to Sri Lankan traders. They can avail of this 30% bonus within an hour of opening an account. Reach out to your account manager regarding this bonus deposit for more info. Also, traders can take advantage of a 100% Bonus when they deposit into their account within one hour.
It is legal to trade with Olymp Trade in Sri Lanka. The Sri Lankan regulators don’t prohibit online trading with Olymp Trade in Sri Lanka. You can find the list of countries where Olymp Trade doesn’t accept traders on Olymp trade’s website.
Olymp Trade Sri Lanka Contacts
Choose a broker that provides multiple contact options to their clients. Olymp Trades offers customer support 24/7 through Live Chat, Email, and Telephone. Currently, Olymp Trade does not have any local office in Sri Lanka and has no local telephone support.
Commonly Asked Questions about Binary Options in Sri Lanka
Is Binary Options trading legal in Sri Lanka?
Yes, Binary Options Trading is legal in Sri Lanka. The Sri Lankan regulators don’t prohibit Binary Options trading with online trading platforms. Most brokers and online trading platforms listed here have mentioned the list of allowed countries on their website. You may check yourself on the broker’s website, the legality of trading in your country.
Which is the Best Binary Options Broker in Sri Lanka?
Finding the best binary options trading platform as a Sri Lankan is not easy. Mostly, getting the brokers that accept Sri Lankan traders. But the good thing is, there are many reliable brokers to choose from, and it is just a case of picking the right one for you. These excellent brokers are the IQ Option, Olymp Trade, and Binomo. A demo account allows you to practice and gains your much-needed experience without using real money. If you are a new trader, then you need to choose a broker who offers a demo account to practice before you get into the actual trading.
Will I make money by trading Binary Options in Sri Lanka?
Most traders’ top goal when they start trading binary options is to be successful and to gain profit. But, not all traders become successful in trading binary options. And lots of traders even end up losing their funds. If you are serious about your binary options trading ambitions, it is vital to take time searching for the trading strategy that will suit your trading needs. It would be best if you learned to have risk management skills, good trading discipline, and analysis skills. Therefore, practice in the IQ demo trading account before you invest in the real trading environment.
Is Binary Options trading Risky in Sri Lanka?
All investments come with risk – and this includes binary options trading. You guess whether the price of an asset will move lower or higher at a certain level point in time. If you get it right, you win a 90% fixed profit. When you are wrong, you lose the amount you have risked in the trade. Keep in mind that Binary Options trading carries a high level of risk and can result in the loss of all your investments. Make sure you should not invest money that you cannot afford to lose.
Technical Indicators for trading Binary Options in Sri Lanka
Technical indicators are essential for every binary options’ trader because they could help you execute your strategies. Also, some indicators, charting tools, and oscillators will help you make the right trading choices. MACD and RSI are two popular technical indicators. It is rare to find a binary options broker that does not give access to the most important technical tools. But it is always whether the broker you have picked will allow you to use these tools. Practice your chart analysis and money management skills in a risk- free demo account.
The best way to initially start trading Binary Options in Sri Lanka is by practicing in a demo trading account. It will serve as a way that you can gain valuable trading experience in a no-risk way. If you are new to trading, it is important to utilize a demo trading account before you invest in the real trading environment.
With Binary Options, Forex pairs, Stocks, Commodities, and Indices under Binary Options or Fixed Time Trades. It has an expiry of 30 seconds, hours, and even days. For some experts, trading with higher expiry times is much better. Such as 5 minutes and more to increase your success in Binary Options trading. Successful binary options traders often gain great success by utilizing Risk management and trading discipline.