Binary Options Brokers Accepting Paypal 2013
Binary Options Brokers Accepting Paypal 2013September 29, 2013
There has been much talk about various binary options brokers accepting Paypal deposits and withdrawals. At the time Optimarkts accepted Paypal, and there was some talk about Empire Options, Goptions and Ubinary as well. However, due to a strict regulatory perception of Paypal management, no broker accepts Paypal deposits or withdrawals today, excluding one broker.
Bloombex Options has raised the bar and is actually listening to what people are asking for. This is why they are the only broker today accepting Paypal deposits and withdrawals, and they plan on doing so for a long time to come. Additionally, Brokerage Capital is also offering now a variety of payment options such as Neteller and Prepaid Paypal cards with the Mastercard logo.
Why is Paypal so Popular Among Traders?
The reasons for this vary, however this E-wallet is without a doubt the most popular in the world and obviously very simple to fund and use. Generally speaking, people like to separate their trading accounts from their checking account for reasons having to do with budget control and anonymity. So if traders can deposit using an existing alternative payment method instead of having to open a new E-wallet, they will prefer this option.
Paypal Prepaid Card:
The prepaid card is a Mastercard debit card which can be used to fund your trading account online, and is even a much better solution than using your usual account. You simply email Paypal and ask them to send you a card. You get it after 3 business days and then you fund the card and use it to deposit and trade. Brokers such as Optimarkets or Redwood Options will accept the Paypal Prepaid card, but will not accept direct deposits from your account.
Paypal Versus Credit Cards:
Credit cards are the most commonly used method for funding trading accounts. The reason for this is simple, it’s the easiest and most accessible form of payment available today. There is nothing easier than pulling out your Visa or Amex (American Express) Card and depositing. However, if you like to keep your binary options real money trading account discreet and away from inquisitive eyes, you will need an alternative such as Paypal or Moneybookers.
It’s important to remember that some brokers do not follow SEC guidelines and are unregulated. Now, it’s important to differentiate between unregulated and Illegal – these are two completely different concept. Most regulated brokers have a CySec license these days, and do not conform to US regulatory statutes. There has been much talk about regulation in the US, however it seems the license fees are amazingly high and for most brokers it’s just not financially viable. Other licensing authorities include the FSA, AFSA, and FCAC , and these governing bodies don’t appreciate rogue brokers and scams.