Binary Options in Syria: Tutorial & 3 best binary brokers


Binary option trading tutorial in Syria
Binary options trading tutorial in Syria

Syria shares borders with Turkey to the north. Now, if we talk about how to trade Binary Options, where to trade Binary options, and the legality related to Binary Options in Syria, the process is quite easy and convenient.

It may seem difficult to find a suitable and desirable trading platform for binary trading. But with some guidance and knowledge, you can not only find the best trading platform but also can end up learning the best strategies in order to gain some amount. Learn, how to trade binary options in Syria in the following article:

Step by step guide to trade Binary Options in Syria

You can follow the simple procedure mentioned below in order to trade the Binary Options as suitable to you.

#1 Pick an available binary broker in Syria

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:

Trading in Binary options is an easy procedure, but finding the right and best brokers and trading platforms to trade Binary Options on is not so easy. You need to find the best platform as per your desired goal.

In other countries, it is not such a difficult task to find a suitable trading platform, but in Syria, it can be a bit complex. We have listed down some of the best brokers that accept traders from Syria for Binary Options trading. 

Quotex

Quotex in Syria
Quotex in Syria

Quotex is an easy and suitable trading platform that gives enough opportunities to trade in Binary Options. Its user-friendly and so easy interface conveniently promotes binary trading.

The best advantages Quotex offers to its clients have been mentioned below for your reference.

  • Opportunities for high payouts.
  • Availability of a free demo account.
  • Diversified trading products are offered.
  • Low minimum limit of deposit.
  • One of the comfortable platforms.
  • No deposit fee is charged.
  • No withdrawal fee is charged.
  • Professional support is available.
  • 24/7 customer support is available.
› Sign up on Quotex for free

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

Pocket Option

Pocket Option in Syria
Pocket Option in Syria

Pocket option is another one of the easiest and most convenient trading platforms that offer trading opportunities to beginners as well. Therefore, it is known as a beginner-friendly platform.

Some of the benefits that are provided by the Pocket Option are mentioned below. You can refer to these and trade accordingly.

  • Fast-speed transactions are supported.
  • Social trading platform.
  • Helps in the generation of passive income.
  • Low minimum deposit limit, only $5.
  • Availability of a demo account.
  • Informational tools are also available.
  • It also provides opportunities for traders to learn the opportunities.
› Sign up on Pocket Option for free

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

Focus Option

Focus Option in Syria
Focus Option in Syria

Focus Option is another trading platform that is known to have quite easy interface, to understand and use. This broker also offers benefits such as financial news and reports to its traders.

Some of the advantages that Focus Options provides its traders with are mentioned below for your reference.

  • It is a one-click trading platform.
  • It has over 140+ financial instruments to trade on.
  • Payouts are provided up to 90%.
  • It has low latency connectivity.
  • No withdrawal fee is charged.
  • No deposit fee is charged as well.
  • There is an availability of a wide range of assets to select.
  • Payments in the form of cryptocurrencies are also available.
  • Other rewards are also provided to its clients.
› 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 Syria
Signing up for a trading account in Syria

You can choose any of the brokers of your choice. After you have chosen the same, you need to sign up for a chosen trading account. You need to follow the below-mentioned procedure to sign up for an account for trading in Binary Options.

  1. Open the website or an application of the chosen trading platform for Binary Options trading.
  2. After you have opened the website, you have to click on the button – Sign up.
  3. You are required to fill in the information asked for further.
  4. After the required information is filled in by you, you need to click on the button – Submit.

Once you have submitted the filled-in information, you will receive the option to choose either a demo account or a live account. You will have to choose either of these options to start with binary trading.

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

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

#3 Use a demo account

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

As it is mentioned above as well, during the signing-up process, you will receive two options to either choose a demo account or a live account. In a demo account, fake money is used for binary trading. On the other hand, in the live account, real money is used for binary trading.

A demo account is basically meant for beginners who do not have any experience in binary trading before. Beginners get the opportunity to learn trading strategies and gain enough experience before they invest in real money.

This helps them to learn the process and tactics of binary trading without putting their money at stake. Demo accounts prove to be much beneficial, especially for beginners.

The experienced traders, however, do not need to trade on a demo account. They can directly trade through a live account and deal with real money.

#4 Pick an asset to trade

Pick an asset to trade
Pick an asset to trade

Another important part of the binary trading procedure is picking an asset to trade. This step is important as the gain or loss is dependent on the price of an asset.

There is a wide range of assets provided by brokers to its traders. The traders need to choose an asset, also called an underlying asset, so that they can trade on the movement of the price of an underlying asset by predicting the same.

If the prediction is correct, you gain money, and if the prediction is incorrect, you lose money. There are also other factors that affect the gain or loss of money in the binary trading market.

#5 Make an analysis

Make a proper analysis
Make a proper analysis

Analyzing the market is something which is an important step while trading binary options. It is an important part of the binary trading procedure. Some of the tips that can be followed by the traders in order to make an analysis to trade better. You can refer to the below-mentioned points.

  • The number of units of the binary options bought and sold should be analyzed as it helps to trade better.
  • The trends of the market should be followed by the traders closely.
  • The increase or decrease of the prices of assets. And also the extent of increase or decrease of the price of an asset.

Observation of the market should be done and not depend on the trends.

  • You should also be able to judge by yourself to learn the trading better and more efficiently.

#6 Place the trade

Place the binary option trade in Syria
Place the binary option trade in Syria

After you have picked up an underlying asset, you have to place the trade. For placing the trade, you need to select the strike price and the expiration trade.

#7 Wait for the result

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

In order to get the result of the trade you have placed, you need to wait for the result of closing the trade by yourself before the expiration date. The result of the placed trade is dependent on the prediction of the movement of the price of an underlying asset you have chosen.

The price of an asset either increases or decreases with time. You will need to predict if the price of that particular asset will increase or decrease. If your prediction of the movement of the price goes up, you are in the money. And, if your prediction of the price goes down, you are out of money.

If you want to further know more about trading in Binary Options, specifically in Syria, we have further given some useful information for your reference.

What is a Binary Option?

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

A Binary option is a digital option or a financial option that has a fixed risk and provides a fixed return. It is one of the immensely popular instruments to trade these days. Also, it is dependent on the two outcomes only, either a Yes or a No. Either you will gain money, or you will lose money.

The gain or loss of the money is dependent on the prediction about the increment or decrement of the price of the underlying asset that is chosen by the trader. The traders predict if the money will increase or decrease with time. If the prediction goes correct, you are in the money. And, if the prediction goes wrong, you are out of money.

Trading in the Binary Options can be riskier due to this prediction game. But, if a proper analysis is made considering the risk factors, you can end up making good money in this trading system.

Is Binary trading legal in Syria?

The answer to the question of the binary trading is legal in Syria is Yes. It is absolutely legal to trade in Binary Options. There is no restriction imposed on binary trading in Syria.

No restrictions on Binary Options trading are the reason why it is convenient to trade in Syria. However, you need to check for any updates in the rules and regulations on binary trading in Syria.

Payment methods for traders in Syria

A lot of payment methods are there to make the payment for the binary options. Some of them are mentioned below for your reference.

Bank transfers

Bank transfers are the mode of payment that is widely used in most payments. In the payments for the binary options also, it is one of the prominent payment methods used.

In this payment method, the bank details are filled in on the chosen trading platform. After the details are filled in, the payment is validated by the trader.

The payment method can be easily used by crediting the amount as per the need. This is beneficial in binary trading is one of the best methods to be used.

Electronic wallets

There are a wide variety of electronic wallets offered for payment purpose by different countries. In Syria also, so many options are there for electronic wallet usage.

Any options from the offered ones can be chosen by the traders and be used to make payments easily. This is also one of the convenient ways of making payments.

Other Payment Methods

  • Digital Wallets
  • Bank Cards
› Sign up for the best binary options broker Quotex in Syria

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

How to deposit and withdraw?

The facility for deposit and withdrawal is available on every platform. There are options for deposit and withdrawal. You need to select these options according to your need.

Pros and cons of Binary Options trading in Syria

Like any other trading, Binary Options trading also has some pros and cons. Some of them are mentioned below for your reference.

The Pros of Binary Trading are:
  • Small budget can also be used for trading purposes.
  • This is the low-cost way of trading in the different underlying assets.
  • There are more chances available to gain big returns in binary trading.
  • It is simple to use and understand.
  • This provides the chance to trade in different binary options.
The Cons of Binary Trading are:
  • Poor regulation on binary options trading in history.
  • Limited demo testing.
  • There are closer restrictions sometimes on binary trading.

Risks of Binary Options trading in Syria

Some of the potential and prominent risks of binary trading are stated below. You can refer to them for a better analysis.

  • There is a chance of scams or fraud, as there are not many genuine trading platforms available for trading in Binary Options.
  • Traders might end up losing a lot of money as they might get addicted to binary trading in the greed of gaining more and more.

Conclusion: Binary Options trading is available in Syria

Unlike another trading, such as forex, binary trading does not deal with uncertain returns. It deals in fixed returns instead. However, like other forms of trading, binary trading also indulges the risks.

With a better analysis and approach, these risks can be mitigated. It is also easier to learn the strategies of binary trading. Binary trading is definitely a good way of trading in financial instruments.

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

Is trading in binary options legal in Syria?

Yes, trading in binary options is legal in Syria.

Does trading in binary options in Syria involve huge risks?

Yes, trading in the binary options involves a bit of risk in all countries, including Syria. However, with good analysis and judgment, these risks can be mitigated.

Are traders from Syria allowed to trade in binary options?

Yes, the traders from Syria are allowed to trade in Binary Options like the traders from many other nationalities.

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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