Binary Options Brokers that Accept Amex (American Express)
Binary Options Brokers that Accept Amex (American Express)November 20, 2013
The American Express (Amex) Card is quickly becoming the preferred credit card among binary options traders for a variety of reasons. First and foremost due to the fact that Amex has higher depositing limits (credit lines) than Visa or Mastercard. Especially Amex Black, which is an exclusive card reserved only for the richest customers, but also the Platinum and Gold Card will have higher limits and less declines on purchases.
The benefits of using this credit card are obvious. First of all, your transactions will go through very smoothly with most brokers without being rejected. This is very easy to see when you compare it to diners or JCB cards.
If you are interested in a prepaid credit card, American Express also offers an amazing solution and it will also go through when you invest your initial amount. Actually I always recommend prepaid cards for a variety of reasons. The first and probably the most important is that it allows you to curb your spending and control your investments more effectively. Secondly, this card will keep your personal details completely anonymous and save you the trouble of having to go through local bank managers or tax attorneys.
Amex Transaction Fees: The fees would very much depend on the product or service you are purchasing. In most cases, American Express will usually charge you 3% of the transaction or alternatively a $5.00 fee (the greater of the two). For international cash transactions there is also a foreign transaction fee or a conversion fee based on the currencies.
To sum up, American Express offers a variety of depositing methods including prepaid, Delta, Platinum, Gift Cards, Gold, Green, Bluecash, True Earnings, Starwood, Bluesky Preferred, Amex Pass, and JetBlue. It is definitely one of my preferred depositing options when choosing to trade binary options. Recommended brokers accepting Amex are Optimarkets, Cedar Finance, and Redwood Options.