Traders get a fair price on all trades.The most popular means of depositing and withdrawing money from binary options accounts is by the use of credit/debit cards, Moneybookers (Skrill) and bank wires. Traders in the Australian financial jurisdiction will have access to all these money transfer methods of transaction. If you want to make money from a fast moving price in binary options, time is of the essence. You need to have access to a method that ensures instant deposits and the fastest withdrawals in the system so you get into a position at a good price and on time. Credit cards and Skrill will guarantee both. Skrill has the added advantage of providing timely payment processing for more than 100 country-specific payment methods, so even if a trader in Australia does not have a credit card, Moneybookers can do wonders in such cases.One of the first steps you will take in your journey to becoming a binary options trader is choosing a binary options broker. Your broker is a company that operates a binary options website where you can trade quickly and easily using an online interface on your computer or your mobile device. The broker fills your orders for you and awards you a payout win you win and an out-of-money refund when you lose (where applicable). Since your broker is essentially borrowing your money while it is in your trading account, you can think of a broker as a kind of bank.If you are pretty well-to-do, maybe you enjoy the luxury of private banking. In that case, you may already have very high standards for the kind of service you look for from a bank. That gives you some idea of what you should be looking for when you select a binary options broker. If you do not enjoy private banking, you may actually be used to pretty bad service at your bank (banks have become notorious in recent years owing to their role in the financial crisis). Are you used to walking to your local bank branch only to be ignored, to lose money when the teller makes an error, and spending hours trying to resolve mistakes Do you get charged unusual fees and end up ultimately not trusting your bank That is not the kind of service you should be looking for from a binary options broker.Being a profitable trader (or becoming profitable and successful in any walk of life) is largely a matter of taking your finances very seriously. Profitable traders give the best to themselves in terms of time and money management, trading strategies, and other aspects of trading. You owe it to yourself to find a broker that will take your investments seriously and serve you with the utmost respect and transparency. Here are 5 tips to choosing the right broker:How many binary brokers are in existence right now There are dozens upon dozens of them, perhaps hundreds in all, and new ones are appearing every month. How much regulation is there Not a whole lot, so unfortunately regulatory status is not necessarily all that helpful in trying to find the best brokerssome of which are regulated, some of which are not. Even those which are regulated are usually regulated as private banks, gaming businesses, or some other type of financial entity.So what is the best way to determine the reputation of a binary options broker Look them up on Google. See what kind of information you can find on third-party review sites like this one, and also look up customer reviews and discussions on trading forums for additional insight. Keep in mind that some reviews are affiliate reviews. These are typically easy to identify since they tend to use exaggerated and unrealistic language to describe your potential gains. Look for levelheaded, thorough reviews that include pros and cons. If you do not find many reviews for a given broker, press on until you find one which has a strong, well-established reputation which is largely positive.There are a lot of very good reasons you should read all the information on a given brokers website before you commit. Firstly, it is simply smart to know what you are getting into. Maybe the terms and conditions are fair, but do not suit your needs, for example. Or maybe the terms and conditions are not fair, but you would never know (until it is too late) unless you read them. A lot of new traders are in such a rush to trade they just bypass all this information, and then wonder why they are losing money and dealing with hassles from the broker they signed up with. If you do not read the terms of service, it is no ones fault by your own if a broker screws you over.There are also situations that are not precisely unfair, but which could cause you inconvenience if you are not aware of them in advance. One very common one, and you will see this both with trustworthy brokers and with untrustworthy ones, is to set a high minimum withdrawal limit, even if the deposit minimum is very low. You may be able to start out trading with just 100, but would you really want to do that if the withdrawal minimum is also 100 What if you lost a trade, even a small one At that point, if you want the rest of your money back, you are required to trade. Otherwise, it belongs to the broker since you can never withdraw it.The solution If the broker looks dubious in other respects, they probably are, and are hoping you fail to read the FAQ and make precisely this error. If they look trustworthy in other respects, the condition is likely not duplicitous, but it would still inconvenience you if you were not aware of it. If you deposit more money to trade with, like 250-500 and trade conservatively, the withdrawal minimum should not be a problem. See why it is so important to do your homeworkWhile this is not an absolute must, especially if you have already demo tested with some other broker, it should still be high on your list of criteria. First off, it is critical to demo test for a while if you want to trade profitably and to make money consistently. If you just want to have some fun making wagers, it is not so important, but can still be helpful in learning how to use the website without burning money on the learning process.This is not the only reason that it is good to look for a broker that offers you the chance to demo test.