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5 Best Binary Options Brokers in the World

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Binary options trading has grown in popularity in recent years owing to its large potential rewards and simple structure.

However, the success of your trading experience depends on the broker you choose. This post will look at the top five brokers for binary options worldwide, considering aspects like user interface, pay-out rates, customer support, and regulatory status.

What are Binary Options?

Binary Options are a financial instrument that gives traders an easy way to speculate on the price movement of various assets, including equities, currencies, commodities, and indices.

There are only two outcomes for each trade, hence the name “binary”: a fixed compensation if the trader’s prediction is accurate or a loss of the initial investment if the prediction is incorrect.

5 Best Binary Options Brokers in the World

IQ Option

IQ Option is one of the best binary options brokers with a user-friendly site and diverse tradable assets. It was founded in 2013 and soon established a reputation for its creative trading style.

IQ Option provides a free demo account, enabling prospective traders to familiarise themselves with the platform before depositing real money. The broker also has a high pay-out rate of up to 91% and a low minimum deposit of $10, making it suitable for newbies.

Deriv

Deriv is renowned for its prominent reputation as a leading brand in online binary trading. Providing round-the-clock accessibility, customers can engage in currency, indices, commodities, and volatility index trades on their user-friendly website.

Additionally, Deriv stands apart from competitors by offering influential charting tools that cater to skilled traders seeking advanced analysis capabilities. Moreover, Deriv offers extensive trading options with contracts starting at $1.

HighLow

HighLow is a broker in Australia with a solid regulatory environment overseen by the Australian Securities and Investment Commission (ASIC). As a result, it is a dependable option for traders worried about the security of their capital.

HighLow provides short- and long-term choices, with expiration durations ranging from 30 seconds to one day. It also offers a $50 rebate to all new traders, lowering the risk of your initial transactions.

Pocket Option

Pocket Option is an internet brokerage firm that operates without regulation. Their specialisation lies in offering binary options. However, they also provide a lucrative affiliate program, unique rewards, and several other unique features.

Furthermore, Pocket Option strives to provide users with a straightforward and transparent trading experience, leading them to develop an innovative trading platform ensuring dependable transactions for all clients including traders and investors alike.

Nadex

Nadex, a licensed broker by the Commodity Futures Trading Commission (CFTC) in the United States, offers traders a range of trading options such as binary options, call spreads, and knock-outs.

The noteworthy aspect of Nadex is its advanced trading platform encompassing numerous technical analysis tools for efficient decision-making.

Additionally, it provides aspiring traders with a complimentary demo account to explore and gain hands-on experience before committing funds to investments.

👉Open a Free Trading Account Now

Our Final Thoughts

According to our research, selecting the right binary options broker can significantly impact your trading journey and potential earnings.

Moreover, the five binary options brokers mentioned above stand out as industry leaders, offering reliable platforms, diverse trading opportunities, and stringent regulatory frameworks.

However, conducting thorough research and assessing your trading needs and goals is crucial before investing capital.

Therefore, we urge traders to remember that achieving success in this field entails more than choosing a suitable broker; implementing effective trading strategies and robust risk management practices are equally important for profitability.

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CRITICAL QUERIES ARE NECESSARY

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In a world dominated by an asymmetrical flow of information, knowledge, narratives of all kinds (historical, economic, cultural, etc.), it is imperative, (particularly to those who have always been at the short end of the stick) to sort out the wheat from the chaff, so to speak. Institutions of the power that be (TPTB), including the so-called educational institutions, must be recognized for what they really are and what they are set out to do. In late modernity the major function of establishment institutions (in each and every country) is to make sure posterity obediently follows what the incumbents and their predecessors have already put in place, irrespective of their relevance and ongoing validity!
One should not forget that it is transnational capital and its human minions that effectively run the reigning global order. The main objective of transnational capital (TI) is accumulation, at whatever cost! People and all other forms of lives (or nature in general) do not factor in when TI aggressively contemplates accumulation. Wars, etc. are there only to facilitate and serve this life-destroying deity! The prevailing establishment narratives, leveraging indoctrinating machines, like the paid media (both state and private), justify the wanton destruction TI carries on all over the world. The contradiction between those who are desperately trying to preserve life/life support system and those who are bent on destroying it is becoming stark. In all these, the sheeple urgently needs to raise its awareness to a level where it can sufficiently engage TPTB about the prevailing destructiveness of modern life. The attempt to lucidly expose the system’s ideological underpinning, which is decidedly anti-life, is considered subversive, while the unsustainable and unfulfilling consumptive existence is celebrated as earthly nirvana!
Critical thinking must be the hallmark of the newer generations, if we are to avoid the blunders of the 20th century, which saw massive destruction of life and property. Over a hundred million people have died in the various wars; WWI, WWII, the Korean War, Vietnam & South East Asia, Central America, Afghanistan, MENA, (Middle East & North Africa) etc., etc. Currently, all kinds of ‘false flags’ are flagged to prepare the gullible global sheeple for yet another epoch of wanton destruction. As accumulation becomes increasingly difficult in existing circumstances, TI will resort to other means of accumulation that could easily include the more barbaric ones of yesteryears. For the ‘killing industry’, wars are just activities that consume its products; the more the wars, the merrier! Psychopathic executives do not care if people are killed or countries are wiped out, so long as the accumulation binge continues unabated! Unless critical reflections on what happened, (at least in the last hundred years) is brought to bear on our current thinking, humanity is bound to repeat the same mistakes once again, but this time around the wars will not be so forgiving!
The west is now determined to start another cold, even hot war, against Russia and to some extent China. After the USSR was dismantled, good willing people in the world thought things will cool off, but what actually unfolded was a very sad and dangerous undertaking by TPTB. NATO started to expand in all directions towards the Russian border, with a very clear intention of containing Russia, if not more. This move (along with the unilateral withdrawal of the US from the 1972 Anti-Ballistic Missile Treaty) has already triggered another round of arms race. This new round of arms race now includes the emerging super power-China. Unlike the early 1990s, Russia today is more than capable of defending itself, especially against the vassal states near its border. The real and dangerous issue is; what will happen if conflicts escalate to a point where the unthinkable is realistically entertained, like the potential utilization of WMD! Unfortunately, such thoughts do not seem to excessively trouble our psychopathic politicos and their masters living in the midst of the deep state. (Deep state = the military-intelligence-industrial-banking-media complex). Here is a case where critical reflection is necessary, per force.
We will look at the case of Sergei Skripal, a former double agent (Russia & British) who was allegedly poisoned with toxin chemical along with his daughter. We are forced to ask the following very basic questions. 1) To start with, if Mr. Skripal was so important to the Russians why did they let him go in the first place? 2) Killing a father and a daughter (who holds a Russian passport) at one go, at the same public place, doesn’t look ‘professional’ at all, if we might say so. 3) Why use an esoteric chemical when other relatively simple means could do the job? 4) British scientists (Porton Down is a chemical research laboratory nearby Salisbury) were/are literally coerced to support the narrative of the ruling politicos, without any scientific proof. To this day, the scientists have not endorsed the politicians’ claim. 5) Request to supply sample for scientific investigation was denied by the British government. 6) The swiftly coordinated measures/sanctions executed by a collective of western states, without much desire for concrete proof, smells rather fishy, to say the least! 7) Finally; cui bono, or who benefits from all this?
This was first published in March 2018

Sudan’s Humanitarian Crisis

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As armed conflict rages on, Sudan’s devastating humanitarian crisis continues to worsen. More than three million people have been displaced, threatening national and regional upheaval.

Sudan has reached the brink of civil war after fighting erupted on April 15 between the nation’s military, the Sudanese Armed Forces (SAF), and a paramilitary group known as the Rapid Support Forces (RSF). The violence has worsened an already precarious humanitarian situation, and while neighboring countries have taken in hundreds of thousands of refugees, experts say prolonged conflict could engulf the country in civil war and destabilize the region.

The two warring parties were previously allies, having joined forces in 2019 to overthrow dictator Omar al-Bashir, who ruled for three decades before his ouster. The SAF’s leader, General Abdel Fattah al-Burhan, replaced him as de facto head of state. Burhan was backed by RSF General Mohamed Hamdan Dagalo, also known as Hemedti, in orchestrating a second coup in 2021 that toppled Sudan’s interim government. But amid international pressure to transition to a civilian government, a push to integrate the RSF into the national army triggered a violent revolt from Hemedti in mid-April 2023. The RSF has a sizable presence in Darfur and has seized towns across the country while fighting continues for control of the capital, Khartoum. 

International efforts to broker peace talks have so far been unsuccessful. These have included negotiations sponsored by the United States and Saudi Arabia, which resulted in several temporary cease-fires, as well as an East African–led peace proposal in July. Still, a long-term resolution remains elusive, and some experts say neither side has much incentive to compromise.

Sudan was already experiencing a humanitarian crisis before the conflict broke out, with more than 15 million people facing severe food insecurity and more than 3.7 million internally displaced persons. The country was also hosting some 1.3 million refugees, the majority from South Sudan.

The renewed violence has created a “catastrophic” situation, says UN Secretary-General António Guterres. According to the UN refugee agency, more than three million people have been newly displaced since April. Of that, more than two million are internally displaced, while over 650,000 are refugees who have fled to neighboring countries. As of June 3, at least 780 people have been killed and about 5,800 have been injured, though the actual figures are likely to be considerably higher.

Dana Camp Smith, Senior Director of Global Nutrition for iDE, oversees several of iDE’s country portfolios for both business development and operations, bringing more than twelve years of experience and knowledge in programmatic and operational compliance; donor engagement; and technical support on gender, nutrition, and food security integration into programming. Dana’s passion for this work comes from an early age of exposure to intense income inequality and small-scale agricultural production while living in Central America in a military family. Later, she discovered her own joy found in producing food and “getting her hands in the dirt.” These two things led to both academic and career choices as she studied ecology and anthropology at the University of Georgia to understand the dynamic intersection between communities and the food they grow.

After several years of farming in her early career, Dana went on to earn her MA in International Development at the University of Denver with a focus on food systems and gender. She has managed agricultural and food security programs in Kenya, Tanzania, Uganda, Ethiopia, Zimbabwe, Nepal, Honduras, and Nicaragua. In addition to her work with iDE, Dana serves as the President of the Board for Artisan’s Thrive, a social enterprise she co-founded that works to empower women with skills and knowledge and access to higher value markets. When she is not at work, Dana is at home with her growing family and playing in her garden or practicing her banjo skills. Dana talked to Capital’s Groum Abate about iDE’s engagement in Sudan’s worsening humanitarian crisis. Excerpts; 

Capital: What is your reaction to the recent report from the WFP on the projected increase in hunger in Sudan due to ongoing conflict?

Dana Camp Smith: In Sudan, malnutrition rates were already high, with 38.2% of the population impacted by stunning, or low height for age, a key metric in tracking malnutrition rates. Sudan was on track to make further improvements in this metric, often a key indicator in more chronic instances of malnutrition, in advance of the conflict. In communities that were already resource-poor, the addition of open conflict can be devastating. These communities can be cut off from staple goods, increasing the incidence of food insecurity, and opportunity to engage in agriculture at critical times for planting- reducing the communities ability to meet their own resource needs. Often it is women and children that are hit hardest in these times of crisis.

While we do not work in Sudan, a key feature of iDE programming is to understand a communities’ ability to respond and withstand shocks, such as we see in Sudan and target key points of engagement to support resilience building.

Capital: Can you describe the current state of food security in Sudan, and how has it been affected by the conflict?

Dana: Sudan was already impacted by high rates of food insecurity in advance of the conflict. According to the latest Global Nutrition Report, 38.2% of children under 5 show evidence of chronic malnutrition with stunting, which is low height for age, and 16.3% of children under 5 being wasted or low weight for age.  Communities were already not able to meet their production needs, a situation exacerbated by impacts from climate change, and weak market systems inhibit access and availability of nutritious foods. Internal conflict further disrupts these systems cutting off supply of both inputs for production and outputs for aggregation and sales within markets.

Capital: The WFP report highlights the need for humanitarian assistance in Sudan. What can organizations like iDE do to help address this crisis? 

Dana: iDE takes a long-term approach to our work, with a focus on not only tackling the immediate food security needs but also the resilience of the communities themselves – which is their ability to withstand these shocks and bounce back. This entails supporting healthy market channels that foster multiple points of engagement and opportunity so that if one vendor or supplier is interrupted there are other resources. This also means empowering all members of the community, so that even the most vulnerable have a voice within system dynamics. Our work to support climate adaptation within agricultural practices and support improved access to innovative technologies further supports farmers ability adapt and withstand shock.

Capital: The WFP report notes that conflict is not the only factor contributing to hunger in Sudan. What other challenges must be addressed in order to improve food security in the country? 

Dana: Sudan has been severely impacted by climate change with increasing and exacerbated instances of both prolonged drought and flooding. Supporting communities to adopt regenerative agricultural practices that improve soil health, retain water, and promote drought tolerant and native plant use can enhance adaptive capacity to withstand these increased shocks. Another key area to be addressed is for water resource management practices to support with prolonged water during times of drought.

Capital: Looking forward, what steps can be taken to prevent hunger from becoming a chronic issue in Sudan?

Dana: Supporting agricultural production within rural communities so that there is self-sufficiency. In addition, work that iDE does around identifying income generating opportunities and empowering women entrepreneurs. We know that when women have increased access to income, household resources are more likely channeled into supporting families needs including education and nutrition.

Capital: What role does innovation play in addressing hunger and food insecurity in crisis situations like the one in Sudan?

Dana: When farmers are constantly adapting to emerging situations, innovative technologies can improve the likelihood of success of the crop production. At iDE globally, this ranges from Integrated Pest Management practices, to water harvesting and storage, crop calendars, weather information, and irrigation practices. With the rapid expansion of access to smartphones, there are also new tools emerging constantly to support farmers with ready access to agronomic information as well as price indexes to ensure that they are able to fetch the best process on the market when growing for commercial production.

Capital: How can the crisis in Sudan affect other crisis-prone countries such as Ethiopia?

Dana: The crisis in Sudan has driven refugees into neighboring Amhara region of Ethiopia, mostly women and children. Ethiopia has been subject to its own civil conflict over the past few years and communities that were already resource poor, are even further challenged and less able to absorb the influx of refugees and meet the housing and food needs that accompany.

Capital: What message would you like to send to the people of Sudan who are currently facing food insecurity and other challenges due to the conflict?

Dana: The international community sees you and is here in support of you.

Int’l trading licenses no longer at regional bureaus hands

Ministry of Trade and Regional Integration (MoTRI) repossess the authority of the issuance of license for international trade, following a four year gap that saw the issue being handled by the regional bureaus.
According to the announcement made open by MoTRI, as from July 8, the beginning of the 2023/24 budget year, the issuing of a license for import export trade is now in the hand of the central government as opposed to the prior four year experience of going about license issuance.
As Belaynesh Regassa, Public Relation Head at MoTRI, points out, for the last four years a number of regional trade bureaus had been allowed to carry out the scheme, “While some other regions have been requesting MoTRI to start its operation.”
The PR head signaled that this new move comes in accordance to the development of a new system that allows customers to get services online.
The regions that were issuing an international trade license were; Amhara, SNNP, Oromia and Tigray back when the central government decided to loosen its operations four years ago.
The main motive of the scheme was to disperse the sector in regions as opposed to concentrating it at the capital city. It was also stated at the time that the system would improve the availability of goods in major market areas trough traders who were based in different regional cities.
Belaynesh said that the only difference that led to this transition is the trend of going digital which has led the system going online through a center.
As experts opine, this means that businesses that are based in regional towns or cities will continue acquiring the license from MoTRI rather than regional bureaus.
In an announcement issued early this week by MoTRI prior to the introduction of trade registration and license via its online service, the ministry had stated, “There was administrational gaps, engulfing contraband issues and other regions who did not start the scheme were claiming to start the operation, which pushed the Ministry to repossess the operation again.”
It added that customers shall get the service online without visiting offices.
In his address to parliament a week ago, Prime Minister Abiy Ahmed stated that the commencement of online services will ease the ways of doing business for Ethiopia’s future.