Good afternoon, dear binary options traders.
We received a letter to the editors of the portal, stating that after registering with a binary options broker, the trader was called. This is a common thing, but our subscriber felt pressure, and “interrogation”.
Everything was caused by the fact that the representative of the brokerage company asked questions and found out when the trader would make a deposit.
In this article, we will analyze how to talk with a representative of a binary options broker and how to behave during a conversation. In order to understand how to properly talk with a representative of a brokerage company, you need to figure out what and how a binary options broker earns.
How does a binary options broker make money?
By opening a deal, a trader buys the opportunity to receive an asset at an agreed price. If he did not make the correct prediction, he lost the position, 100% of the size of the transaction. At this point, someone (counter-agent) earned 80% of the deal.
The same goes for the reverse. When our trade is in the black, we earn an average of 80% of the deal size. Why don’t we earn 100%? 20% of the remaining interest is the earnings of the binary options broker. Since transactions take place through trading platforms, then go to the “Market Makers”, this amount is divided between these organizations.
How does the process of starting trading with a broker work?
- A binary options trader leaves his data with a binary broker
- He is contacted from the sales department
- After replenishing the deposit, he goes to the brokers department
The purpose and task of the sales department.
As already discussed, the broker earns a percentage of transactions. Therefore, it is beneficial for him that traders would trade through him. As we know, the choice of binary options brokers is too wide. Therefore, the goal of a sales representative is to persuade a trader to make a deposit with this broker. Everyone’s behavior and sales systems are different. It depends on the broker’s license. Sometimes the selling process is like extorting money. However, this is not the case. It’s just that from the other side, the representative sees the person who left his data as a potential client.
In order not to waste time on useless conversations, a representative of a brokerage company immediately tries to understand who he is talking to. All often people leave registration, absolutely not knowing why and why. Usually, questions are asked about age, experience in bidding, and bidding intentions. What amount of deposit a person wants to make and what assets he trades with are the most frequent questions. These are the right questions. Do not think that we know everything.
It is better to get as much information as possible to hear the most suitable offer. For example, if you have no experience, you need to find out if there is training and what it includes. If you have a large amount to start, you can get better bidding conditions. If you are asked what strategy for binary options you trade, this is an absolutely normal question in order to understand which options you prefer. Therefore, it is best to have a normal friendly conversation with the broker’s sales representative. Then you will get more information and it will be easier for you to conclude.
What not to say during a conversation.
Sales representatives receive bonuses for each new trader who has started trading with the company. These people value their time very much. Therefore, they immediately try to understand how serious a person is.
Never talk about
a minimum deposit
. After all, this is done only by beginners who do not understand what trading is at all. It’s like an argument in a bazaar where they want to buy potatoes cheaper. Such a trader will not be able to make a normal volume, and then neither the broker nor the sales representative will earn anything. Of course, no one goes to rudeness, but they are unlikely to want to have a conversation with you.
It is not advisable to say
that you just want to try
. It sounds like “I have $ 300 and I’m going to throw it on the Internet now, don’t bother me.“. Trading binary options is a job, they don’t try it here. First, find out what it is and how, and only when you decide to start earning, contact a binary broker.
Do not try to find out about the binary broker through a representative. You will spend a lot of time listening to what they are the best. Do your homework, read and find information about this binary options broker yourself.
Conclusion:
Binary options trading is an investment. Talk about money and how to earn it. Do not waste your time, not the broker’s time. Prepare, decide in advance with the questions. If you want to trade with a particular binary options broker, you can immediately decide how much you will trade with.
If you want to get the best service, do not play with the broker and its representatives. They want to make money, and they value their time. Like all people, they prefer to work with serious traders and people.
Tagged with: Binary Options Academy • Rating of binary options brokers
