Binary Options in Nepal: Tutorial & 3 best binary brokers


Binary option trading tutorial in Nepal
Binary option trading tutorial in Nepal

The Federal Democratic of Nepal is a comparatively small South Asian nation that lies between the borders of China and India. Though small in size, Nepal has always been a highly populated country. Nepal is such a nation that has always been a part of battles between governments lobby.  But its democracy has always been ever-expanding. It has always opened its arms to various avenues of commerce. Binary options trading is one such idea that has been welcomed by the people of Nepal, and it is legal to trade. The binary traders from Nepal can easily invest in the underlying assets. If they go up, the traders gain profits, and if it goes down, the trader equally has to bear huge losses.

The available assets that traders of Nepal usually trade with are quite similar: gold, currency pairs such as GBD/USD, and stocks. The traders of Nepal also enjoy a few other added benefits, such as low minimum deposit requirements and absolutely zero to very few commissions or spreads. We here are about to elaborate on the reasons and details regarding why Nepali traders consider binary a great alternative to investing.

A step-by-step guide to trade binary options in Nepal

There is no spell required to remove the curse and gain profits from trading; all you need to do is a plan for the best strategies related to the existing market

Perfect strategies also don’t guarantee that you will bear no losses. Losses are a part of trading; hence try to accept losses heartedly just as you do for your profits. But, if you follow the steps that we are about to elaborate on, then there are chances that you might have to face a lesser number of losses.

#1 Pick an available broker that offers services in Nepal

Broker:
Regulation:
Yield & Assets:
Advantages:
The offer:
12345
5 / 5
/
Yield: 95%+
100+ Markets
  • Min. deposit $10
  • $10,000 Demo
  • Fast Execution
  • High Profit up to 95%
  • Fast Withdrawals
  • Free Signals
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

12345
5 / 5
MISA
Yield: 97%+
100+ Markets
  • Welcomes International Clients
  • Offers High Payouts: 90% – 97%+
  • Professional-grade Platform
  • Swift Deposit Process
  • Enables Social Trading
  • Provides Free Bonus Incentives
Live-account from $ 5
  Sign up for free

(Risk warning: Trading is risky)

12345
5 / 5
/
Yield: Up to 100%
300+ Markets
  • $10 Minimum Deposit
  • Free Demo Account
  • High Return Up To 100% (in case of a correct prediction)
  • The Platform Is Easy To Use
  • 24/7 Support
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

Broker:
12345
Regulation:
/
Yield & Assets:
Yield: 95%+
100+ Markets
Advantages:
  • Min. deposit $10
  • $10,000 Demo
  • Fast Execution
  • High Profit up to 95%
  • Fast Withdrawals
  • Free Signals
The offer:
Broker:
12345
Regulation:
MISA
Yield & Assets:
Yield: 97%+
100+ Markets
Advantages:
  • Welcomes International Clients
  • Offers High Payouts: 90% – 97%+
  • Professional-grade Platform
  • Swift Deposit Process
  • Enables Social Trading
  • Provides Free Bonus Incentives
The offer:
Broker:
12345
Regulation:
/
Yield & Assets:
Yield: Up to 100%
300+ Markets
Advantages:
  • $10 Minimum Deposit
  • Free Demo Account
  • High Return Up To 100% (in case of a correct prediction)
  • The Platform Is Easy To Use
  • 24/7 Support
The offer:

Going for a broker without proper research about some factors can create havoc and lead to severe losses. The binary trading market is profound, and there are numerous brokers providing services. It is the responsibility of the trader to select a genuine and registered broker before making investments.

Due to the vast expansion of binary trade, the market is flooded with fake brokers. Hence, it is always advised by us that traders must always research and acquire proper knowledge about the broker’s authenticity.

It is not often necessary to choose only one trader, none of the brokers are the same, and neither are they perfect. It is not always necessary to work with a single trader; you always have the option to work with multiple traders according to your preference. Hence, don’t hesitate to trade with different traders.

Quotex

Quotex in Nepal
Quotex in Nepal

Quotex is one of the most trustworthy brokers that has gained an immense fanbase in Nepal. The Nepali traders have been trading a lot through Quotex of late. European regulations do not bind a typical binary options broker. There are more than 400 assets registered with Quotex. 

We will be elaborating on some of its features here: 

  • It’s possible to trade in Quotex and make deposits and withdrawals with a bare minimum valuation of $10
  • There is a vast range of payment methods that can be used on this platform. Ranging from cards and cryptocurrencies to banks and e-platforms.
  • An added feature is that every time you register for a new live account, you will be given a bonus of 30%
› Sign up on quotex for free

(Risk Warning: Your capital can be at risk.)

Pocket Option

Pocket Option in Nepal
Pocket Option in Nepal

This is yet another online trading broker that allows its traders the best out of trading. Pocket Option is known for its leading tools, technical indicators, and other trading tools that binary traders can benefit from. 

Other than that, Pocket Option trading also provides these benefits to its traders. 

  • This broker offers flexible trading options in Nepal
  • This online platform provides educational tutorials, guides, and numerous other trading strategies to its traders 
  • Binary options trading with Pocket Options is one of the best options because it provides various suitable assets for its traders. Such as currency, commodities, stocks, and cryptocurrencies
  • This online trading platform has an extremely easy signup process. 
› Sign up on pocket option for free

(Risk Warning: Your capital can be at risk.)

Focus Option

Focus Option in Nepal
Focus Option in Nepal

Focus Option is an incredible option to trade with digital assets. This phenomenal option is a convenient and easy-to-use platform that has gained popularity and become the trader’s favorite. But it must be considered that this binary broker questions its legitimacy as it’s still not registered under international regulations.

We’ll be elaborating in detail on a few of its features:

  • The platform provides more than 80 cryptocurrencies to its traders
  • The traders are offered the facility to select from multiple time
  • Traders in Yemen can easily fund their focus accounts through bitcoin and crypto
  • Traders have the opportunity to process their withdrawals within 24 hours 
› Sign up on Focus Option for free

(Risk Warning: Your capital can be at risk.)

#2 Sign up for a trading account

Signing up for a trading account in Nepal
Signing up for a trading account in Nepal

These are the basic steps that one must follow to sign up for a trading account.

  • Choose the broker of your preference.
  • Visit the official website of your chosen broker. 
  • Click on the signup button that is visible on the webpage to begin trading
  • Provide all the required details that are asked. 
  • Go through all the details that you have provided, and finally, click on the ‘submit’ tab
› Sign up for the best binary options broker Quotex in Nepal

(Risk Warning: Your capital can be at risk.)

#3 Use a demo trading account

Use a demo account for binary trading in Nepal
Use a demo account for binary trading in Nepal

Demo accounts are the best option to initiate trading as a beginner. A trader with little experience can begin with a demo account. One can easily introduce oneself to different market orders and market dynamics through Demo accounts. 

However, experienced traders can begin live trading to gain recommendable profits. 

#4 Pick an asset to trade

Pick an asset to trade
Pick an asset to trade

You can begin trading through binary options after you have chosen an underlying asset. Traders usually look for underlying assets through the online trading platform. Traders choose a proper asset to trade with and aid online binary traders in enhancing their trading profitability.

After you decide which underlying asset you want to trade with, you can go ahead with binary options trading. But it must also be remembered that choosing the wrong asset to trade can land you in trouble and can cause major trading losses.

#5 Make a proper analysis

Make a proper analysis
Make a proper analysis

Binary trading is unpredictable, and it changes every second. An economic calendar always makes a base through which the traders can easily speculate the market movement as there is no perfect procedure to speculate. In such circumstances, you must choose the most viable option that suits your preferences, depending on the time frame and asset information.

We here have shared a few of the easy steps that traders can follow: 

  • A regular track of the news updates
  • Being well informed of the trends and other market information that are available
  • The available trading tools and indicators that the brokers are providing must be utilized properly
  • Pre-planning exceptional binary options trading strategies

After the analysis, you are all set to begin your trading journey.

› Sign up for the best binary options broker Quotex in Nepal

(Risk Warning: Your capital can be at risk.)

#6 Place your trade

Place the binary option trade in Nepal
Place the binary option trade in Nepal

After placing the trade for binary option, the next step will require you to choose any available underlying assets. Always remember that the list will reveal the payout percentage beforehand. Next, you must place a trade, choose an asset’s strike price, and choose the expiry time. 

#7 Wait for the results

Wait for the result of the binary trade
Wait for the result of the binary trade

After the binary trading option expires, the trader can know the possible results. The underlying assets and their prices are never fixed; they always vary along with time and situations. The important reason for recommendable profits is if the speculations of the traders match well. 

It is quite the contrary if the speculations don’t match because, in those situations, the trader has to face severe losses. Therefore, it is mandatory to have a proper analysis of the market because it is one of the key reasons in encouraging traders to search for a real asset and timing essential to place their binary options trade. 

What is a Binary option?

What is a binary option?
What is a binary option?

The binary option is a mode of investment where you are left with two outcomes: a huge profit or nothing. Furthermore, it has an established expiration date.

To make considerable profits, all you need to do is, make accurate predictions about the outcomes within a speculated period. You will either earn huge profits, or you may lose everything you have invested in the different trade.

But it is always advisable that before you jump into trading, make a detailed analysis of the market and the brokers with whom you are about to trade.

Is binary trading legal in Nepal?

Yes, binary trading is all allowed in Nepal. It has been observed that almost all of the laws and regulations the Nepal government imposes are friendly to binary trading options. The traders here are offered the opportunity to withdraw their investments anytime. Hence, it must be clear to you by now that the beanery traders of Nepal who are serious about making their career in binary can easily make potential growth through binary trading. 

The only factor essential for the trader and the broker is their authenticity and genuineness. The country puts no limitations on the brokers who provide genuine service to its traders.

When binary trading comes up, it is normal for us to elaborate a bit more on the various modes of payments through which you can easily transfer your funds or invest according to your convenience. 

Payment methods for traders in Nepal

There are numerous options available when it comes to the modes of payment that the traders of Nepal are offered to transfer funds or invest in the underlying assets. Mostly all brokers who work in Nepal provide basic payment methods which Nepali traders can use to trade binary options. 

Here in this article, we’ll be informing you about a few: 

Bank transfers

Trading in Nepal can be easily started by making payments through bank transfers. Nepal traders have been using this mode of payment as the most reliable and easiest way of transferring funds and minting money through the binary trading option. Of late, it has been noticed that Bank transfers are the easiest and most cost-effective modes of payment. Traders in Nepal have access to funding their live trading accounts through easy bank transfers. 

Electronic wallets

Many electronic wallet options are available to Nepal traders to fund their accounts. Electronic payments are a leading payment method for traders in Nepal. 

It has been observed that electronic wallets provide a fast and easiest mode to trade binary options. The option of MasterCard is also available for Nepali traders to make the deposit and withdrawal process rapid and smart.

Card payments

Nepali traders can easily use their bank-linked cards to make large deposits and withdrawals on binary trading options. Debit and credit cards are the easiest modes to make payments. But it must also be remembered that usage of these cards is subjective to the individual terms and conditions that the broker imposes that you are dealing with

Card payments are the fastest mode of payment. It extends its benefits not only to deposits but withdrawals as well. But there are instances when the processing period may take longer than 2 hours.

Pros and cons of Binary Options trading in Nepal

If you still are in some dilemma, whether to trade binary options in Nepal or not. Then stay hooked to the article, for we will be elaborating in detail on some of its pros as well as cons: 

The Pros of Binary Trading are :
  • Traders with a small budget can also trade through the binary option.
  • One of the greatest advantages of binary is its speedy returns. 
  • The process of Binary options is simple and understandable for novice and experienced binary traders. 
The Cons of Binary Trading are :
  • Binary options trading is all popular these days. The market is flooded with unregistered and unregulated traders who can scam and cheat traders of their good fortune. 
  • Extensive and intense research is required to be done on the part of the trader; this makes it time-consuming
  • Certain tighter restrictions are imposed on trading sizes for the big rollers.

Risks of binary options trading in Nepal

Though the risks involved with binary trading options are minor, they do exist. That is the reason the trader must always have a trading strategy.

  • The biggest risk when trading in binary is that the traders may be involved in unethical activity. At times it comes in the form of the addition of traders investing more and more in binary trading options to cover up the losses. 
  • Another risky factor is its narrow profit margin. No matter how much you invest, the profit margin is fixed.

Conclusion: Binary Options trading is available in Nepal

As we head to the conclusion of the article. We want to recollect all the information we have provided you throughout this article. Binary trading might be one of the easiest and fastest modes of making a fortune, but it can also be a scam. Hence, traders in Nepal are always asked to be vigilant while investing.

Binary trading provides excellent opportunities to fund trading; as binary trading is legally acceptable in Nepal; you can consider it an active source of making money. 

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Frequently Asked Questions (FAQs) about Binary Options in Nepal:

Does binary options trading in Nepal offer traders a quick way to make money?

Yes, binary trading options are one of the fastest and easiest ways to make money online.

Where can I trade binary options in Nepal?

The various brokers who provide genuine services in Nepal are the ones with whom you can initiate your journey of trading binary.

Is binary options trading risky in Nepal?

Nepal’s binary trading is equally risky as any other country.

About the author

Marc Van Sittert
Marc Van Sittert is an experienced Binary Options Trader and coach who is originally from South Africa. He started his career in 2014 by trading old-school Binary Options online. His main focus is on short-term contracts with 60-second trades.

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