In all cases, brokerages will accept the formal currency of the country in which they are located. However, many accept other currencies as well. For example, a brokerage in the United States will accept deposits in U.S. Dollars. However, they may also accept Euros, British Pounds, Japanese Yen and many other currencies if they subscribe to a service known as dynamic currency conversion. This process allows them to accept any currency and instantly convert it to local currency. Before payout, they can convert it back to a currency of the investors choice. The currency conversion process allows a brokerage to ensure that they are abiding by the financial laws that govern their specific regions while giving them the ability to offer brokerage services to investors all over the world.Every brokerage has a specific set of rules that govern payouts to investors. Depending on whether the investor wishes to have an electronic payout or paper check, the process can take anywhere from 2 to 5 business days to process the withdrawal request. Generally speaking, electronic payouts in the form of wire transfers and ACH transfers occur faster than having paper checks printed. And, in some cases, brokerages may charge an additional fee for investors that request payouts via paper check as the process is generally longer and is more expensive to the brokerage.The short answer is no. Most binary options brokers offer an online trading platform that does not require investors to download any kind of special software. However, many offer special tools that can be downloaded to a laptop, desktop or mobile device that allows investors to keep track of their options contracts no matter where they are without having to be logged into their brokerage accounts. In addition, some brokerages offer software that can be downloaded onto a local machine that offers more accurate, real time quotes and charts, which may prove to be more helpful to binary options traders than online-only platforms.It is important to note that in some cases, some platforms wont operate properly using some browsers. The online trading platform may not display properly or the data may not update timely, causing investors to miss prime trading opportunities. This is why it is important to ensure that investors choose brokerages that have platforms that are compatible with their current browser preferences or download an acceptable browser before beginning trading.When it comes to buying and selling binary options, the key to the success of any investor lies in choosing the right brokerage. The brokerage not only provides the platform that allows investors the ability to purchase binary options, they also provide the real time market quotes and trending graphs, as well as a variety of tools designed to help investors increase their odds of success. When it comes to choosing the right brokerage, there are a number of criteria that should be evaluated before making an initial deposit. These include:With all of the brokerages in the marketplace today, it is tough to determine which ones can be trusted and which ones are fraudulent. Binary trading does not have the same level of regulation as other trading disciplines. This means that there is more room for unscrupulous brokerages to pop up and take advantage of unsuspecting investors. It is important for investors to take the time to interview potential binary options brokerages by performing a review of existing brokerage reviews that are available. In addition, investors should always look for a brokerage that is already fully regulated or who are in the process of becoming fully regulated. While this is still an optional step for binary options brokers, it demonstrates honesty and integrity to obtain a fully regulated status. Brokerages who are not seeking a fully regulated status should be avoided.Binary options trading is favored by many investors because of its fast pace. It is this fast pace that makes having a stable, accurate and easy to use platform a necessity for investors looking to make a profit on short options. Platforms that are slow to respond or have inaccurate data will severely impact an investors ability to capitalize on market trends or quickly changing conditions and will ultimately cost them money.In addition, awkwardly developed platforms make it difficult for investors to execute orders, which can make what would have been a profitable option expire out of the money. Investors can determine the platform stability and ease of use by spending time on the brokers virtual trading platform. By comparing what is being displayed on the brokers platform with what is being offered on a real time streaming quote service, investors can quickly determine how accurate the information being offered really is. In addition, investors can get a real feel for how the trading platform operates by participating in virtual trades as well.When it comes to binary options trading, each trade comes with a fixed payout if the option expires in the money. Different brokerages offer different payouts, usually ranging between 75 and 85, with some offering as much as 95 to investors. Obviously, investors looking to make the most money on their trades should stick with legitimate brokerages that offer the highest payouts. However, it is also important to look at what happens when an investors option expires out of the money. In most cases, the investor will lose all of his or her initial investment. However, some brokerages offer a rebate on options that expire out of the money, up to 15 in some cases. This might be an attractive feature to novice investors looking to maximize profits, but also minimize losses.Making profitable trades is only half of the battle when it comes to making money with binary options. The other half is actually receiving the funds from the brokerage. Some brokerages make it very difficult to withdraw funds in the hopes that it will encourage investors to leave their money in their accounts. In order to ensure a smooth withdrawal process, investors should: Request their payouts in the same manner in which they made their deposits. This will ensure a smoother process.