Creating a Real Money Account

If you think you already have sufficient knowledge to start trading binary options using real money, then it is time to teach you how to register a real money account. Some brokers have combined accounts which allow you to trade with both fake and real money, but some binary options operators will require you to register separate accounts.

If this is the case with your broker, then you probably know that registering a demo account is an easy process that doesn’t require much information. However, registering a real money account can be a bit more complicated, because you’ll be asked to input additional information about yourself, as well as some extra payment details, etc.

Requirements: 

- Username
- Password
- Email
- First & Last Name
- Country
- City/State
- Postcode
- Preferred payment method
- Account currency
- Phone number

Payment Methods & Payment Details

Some brokers will require more information than others, but in most cases you’ll be asked to provide the following information:

When you register a real money account, you’ll have to choose what the primary currency of your account will be. Usually, you can choose between EUR and USD, but some brokers will allow you to choose from other currencies as well. Make sure all the information you fil in is correct, because you may be asked to verify your identity or the information may needed for other purposes such as phone support, email support, recovering a lost password, etc.

One of the main things you should keep in mind when choosing a broker is the payment methods accepted by the binary options operator. Make sure there is at least one payment method, which is available in your county. Almost all brokers accept withdrawals and deposits via credit/debit card and wire transfer. Of course, the most reputable ones also provide their customers with additional choices such as depositing/withdrawing money via check, Skrill, Neteller, WebMoney, etc.

Another thing you should always check is whether your broker has any fees for withdrawing and depositing money. The best brokers won’t charge you anything when you deposit and withdraw money, but in some cases you may find yourself using the services of a broker which will charge you $10-$15 for withdrawing money.

Don’t be worried if your broker has a fee for money withdrawal – this isn’t a major problem, especially if you are trading with large amounts of money. Of course, if your bank balance is smaller and you are working on a tight budget and every dollar is important for you, then it is probably a good idea to choose a broker that has smaller or no fees at all.

In most cases your money will be instantly deposited in your account, but depending on the payment method you use, the broker may need a few days or even a few weeks to validate the transaction and to make the money available in your account. For example, depositing money by check can sometimes take 3-4 days. In the meantime, depositing money via credit/debit card will almost always result in an instant transaction.