I’ve recently learned a lot about VPN’s, virtual private networks, which raised the question, should I be using one to trade binary options? After all, a VPN is crucial for maintaining privacy on the internet, an important part of any digital security scheme and a handy way to get around geo-restrictions, censors and regulators. The use of this technological trick goes back for decades, almost to the beginnings of internet security, and was first used to allow employees to securely access a private or work related network remotely.
What is a VPN Service?
A VPN, virtual private network, is an internet protocol that enables devices to access a private network over a public network or the internet. It sets up a point-to-point interface directly from your device that ends at the destination and often includes encryption. The combination of the “tunnel” and encryption means that hackers, malware and censors will not be able to see your connection, much less your content, and if they by chance are able to they won’t be able to read it without going to such extreme lengths decoding it won’t be worth the effort. In addition to these features, top providers like Le VPN have VPN servers located around the world and will route your traffic through any you choose effectively bypassing geo-restrictions.
Aside from security the top uses of a VPN include unblocking social media, unlocking geo-restricted TV shows, watch Netflix anywhere in the world, on line gambling and live streaming sports.
Should I Use A VPN To Trade Binary Options
At first thought you might think that yes, it would be a good idea to use one to trade binary options. They will protect your connection, they will prevent hacks or leaks of personal information and they will help you avoid geo-restrictions. The caveat is that all this protection comes at a price. That price turns out to be performance of your machine. Using a VPN can cause slow load times and lags that ordinarily would not be a problem but in the fast paced world of binary trading will mean the difference between effective trading and throwing your money away.
The only time that I think it will be OK to use one is if you live in a country that does not recognise binary options, or otherwise censors the internet. In those cased it may be your only choice but remember, those lags are present. To counter this my best advice is to stay away from short term expiry like 60 or 120 seconds and use at least, and I mean at least 15 minute or more likely 30 minute expiry. Of course, you’ll have to verify your account with proof of address so there is a chance you won’t be able to trade anyway.