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Binary options brokers offer traders an attainable way to brand money in the binary options market. However, with so many binary brokers to choose from, picking the best trading platform for your needs can feel overwhelming.
Nosotros’ve reviewed the leading binary options brokers to assist you find the right trading platform. We analyzed each binary broker on a variety of factors including minimum deposits, payouts, regulation, asset selection, customer service, and trading platform.
Here are the best binary options brokers of 2022.
Top 6 Best Binary Options Brokers of 2022
: All-time binary options broker overall
: Best trading platform for beginners
: Best banker for copy trading
: All-time signup bonuses
: Regulated banker for United states of america traders
: Near advanced trading platform
#1 Pocket Pick: All-time Binary Option Broker Overall
Pocket Selection is our elevation choice for the best binary options banker of 2022. This innovative trading platform has low minimum deposits, user-friendly payment methods, first-class payouts, and a variety of technical analysis tools.
Pocket Option has served over x million users since its launch in 2017, and its user base spans more than 95 countries.
allows you to trade more than 100 assets, including stocks, Forex, cryptocurrencies, indices, and commodities. To get comfortable with the website’s platform, yous can create a demo account using virtual coin. This demo allows yous to employ all of the features of the site without any existent hazard involved.
Pocket Pick besides makes it easy to withdraw and deposit funds. The site has a minimum deposit corporeality of $fifty and a withdrawal amount of $x, meaning you lot don’t have to build upwardly likewise loftier of a profit before cashing out. Pocket Option supports convenient, safe payment methods, and you can even use cashback and other trading advantages to simplify the process.
Investors who are new to the world of binary options will appreciate that Pocket Option has a minimum merchandise corporeality of $1, allowing you to start small and decrease your run a risk. The platform is compatible with Windows, iOS, Android, and web browsers so that y’all tin take your binary options on the get.
New traders volition besides enjoy Pocket Option’due south comprehensive teaching section, featuring tutorials and guides nearly binary trading strategies. The site helps you feel confident that you know the ins and outs of binary options trading before putting your money on the line.
This platform has received regulation from the International Financial Market Relations Regulation Eye (IFMRRC), so you can trust that your trades are legitimate and safety. Pocket Option is available in many countries, including the U.South. and throughout Europe.
All in all, Pocket Option is a prophylactic, convenient binary options broker with a worldwide customer base. If yous’re looking for the best binary options platform to put your trust in, Pocket Pick is your best bet.
Demo Business relationship:
Click Here to Visit The Pocket Selection Website For More Info
#2 BinaryCent: All-time Trading Platform for Beginners
BinaryCent is a binary options broker that allows you to invest and earn up to 95% in but lx seconds. Their beginner-friendly trading platform allows you to trade forex pairs, CFD, and binary options.
One of the all-time features of the
BinaryCent trading platform
is the ability to copy the virtually successful traders. You lot can choose which traders you desire to follow and then re-create their trades with the click of a push. This re-create trading feature is especially useful for beginners that are still learning how to merchandise binary options.
Here’s what nosotros similar nigh about BinaryCent:
ten Cent Minimum Merchandise Amount
– With BinaryCent, you tin merchandise binary options for as little as 10 cents per merchandise, which is less than nigh online binary options brokers.
– Unlike other binary option brokers that tin take up to 72 hours to withdraw your coin, BinaryCent has a 1-hour processing time.
– With BinaryCent, you can trade non-stop, even on the weekends.
Wide Range of Deposit Methods
– From credit cards to cryptocurrency, BinaryCent offers a variety of deposit methods to fund your account with.
s – BinaryCent rewards traders with bonuses on initial trading deposits. The bonus pct depends on your deposit amount and can reach up to 100%.
– BinaryCent offers trading contests where they offer $20,000 in prize funds to 20 winners every week.
If you’re looking for an easy-to-employ trading platform with bonny payouts and generous first-time deposits, BinaryCent is a great binary selection broker to consider. With 10 cent minimum trades and re-create trading, BinaryCent is the best option for beginner traders.
U.s.a. and U.k. Friendly:
Upwardly to one:100
Click Here to Visit the BinaryCent Website for More Data
#three IQCent: Best for Copy Trading
Some binary options traders want to brand an easy profit without having to watch the market to figure out the smartest motility. If this clarification sounds like yous, you’ll dearest IQCent’s easy-to-use platform and copy trading tool.
IQCent is a 100% secure trading platform
that processes over x,000 transactions daily. The site offers a range of advantages compared to other venues of its kind: referral perks, bonuses for each monetary amount you eolith, non-stop trading, instant withdrawals. Y’all can choose from more than 100 trading markets, including stocks, Forex, and commodities–and the minimum merchandise size is just a penny.
Beginners and casual traders love IQCent’s copy trading tool. This feature allows you to re-create experienced investors’ trades and so that you tin earn profits without any prior feel in trading. If y’all need help using whatsoever of its tools, IQCent has a 24/7 live chat that allows you to speak with customer support direct.
IQCent has a minimum eolith of $500, which is a fleck steeper than other binary options platforms on our listing. However, with so many giveaways, rewards, and educational resources, you’ll be earning profits off your eolith in no time. The platform supports over 10 payment methods, including cryptocurrency and cards, making it easy to withdraw and deposit your funds.
IQCent also lets you leverage up to 1:100, allowing you to maximize your potential profit even with smaller investments. Even ameliorate, first-time trader accounts can receive up to a 100% bonus on their first deposit.
IQCent operates out of the Marshall Islands and currently does not provide services in the U.s.a.. Even so, the site does let some international traders to open accounts depending on their country’southward regulations.
IQCent is one of the best binary options brokers for beginners and casual traders looking for a low-run a risk trading platform.
Minimum Trade Size:
United states Accepted:
Click Here to Visit The IQcent Website For More Info
#4 RaceOption: Best Deposit Bonuses
If y’all relish the thrill of bonuses and rewards in your binary options trading,
RaceOption is the platform to check out
. RaceOption facilitates over 10,000 trades daily with 100+ asset options ranging from stocks to crypto to commodities.
If you want to accept your profits up a notch, yous’ll appreciate RaceOption’southward extensive rewards programs. You can earn extra income for referring friends to the platform—once they sign up, you’ll brand 20% back from their deposits. You can also enter the site’due south giveaways and sweepstakes to win prizes ranging from iPads to iMac computers to cash.
Traders who are new to binary options trading tin can take reward of RaceOption’s copying features. These tools allow you to select a trader from the site’due south list of successful investors and copy their trades, helping you make more than confident trading decisions.
RaceOption requires a minimum deposit of $250 and a minimum withdrawal amount of $50. Once you brand your initial deposit, you can identify trades as low every bit $1 apiece to minimize take chances. Even amend, you can wait your withdrawal to go through inside one hr of your request, and then your funds will be on the mode to your account in no time.
RaceOption is currently not regulated in the United States and does not have a strong regulatory license exterior of the Usa. However, many traders consider it a reliable binary trading platform, so you can likely trust its services equally much as other websites on our list.
Altogether, RaceOption is an splendid choice for traders looking for fun and exciting bonus options alongside a secure trading platform.
Sign Upwardly Bonus:
Demo Business relationship:
The states Accepted:
Click Here to Visit The RaceOption Website For More Info
#v Nadex: Regulated Binary Broker for U.s. Traders
is a United States based binary options exchange located in Chicago, Illinois. Nadex is the only CFTC (Article Futures Trading Commission) regulated substitution offer binary options.
offers several different trading platforms that allow you to take positions on brusk-term toll movements in a variety of markets. You can choose between binary options, impact bracket, knock-out, and call spread contracts.
Due to regulatory rules ready forth by the CFTC, the money you deposit must be held in segregated bank accounts to ensure your funds are safe and secure.
Hither are the different markets you tin access via Nadex:
– Trade stock-still-risk contracts on a variety of currency pairs including EUR/USD, EUR/GBP, and USD/JPY.
– Speculate on the toll movement of global indices such as US 500 and the FTSE 100. Includes predefined risk levels and lower fees than almost stock and futures brokers.
– Low cost fixed-take a chance contracts for commodity markets such as crude oil, natural gas, gold, silverish, copper, corn, and soybeans.
– With Nadex, y’all can predict the strength of the US economic system by trading binary options based on economical events such every bit the weekly jobless claims reports.
The Nadex Trader Platform lets you lot identify orders directly to the exchange using their proprietary software. You tin filter over v,000 contracts daily past asset class, expiry time, and price. For binary options, Nadex charges a $1 trading fee per contract on each side of the merchandise, the entry and the exit.
In addition, Nadex charges a $1 settlement fee per contract for trades that expire “in the money”. Still, there is no settlement fee if your binary options trade expires “exterior the money”.
For real accounts, in that location is no minimum deposit requirement.
- Mobile app for on-the-go trading
- Gratis demo account with $10,000 in practice money
- Predefined adventure and reward contracts
- Ability to exit trades early to minimize losses
- Intuitive desktop trading platform with a variety of technical analysis tools
Click Here to Visit the Nadex Website for More Information
#6 Binary.com: Best for Trading on MT4 Platform
If you lot’re unfamiliar with the world of binary options, Binary.com is an first-class identify to start. This online binary options trading platform has been facilitating trades since 1999, and its straightforward, convenient website makes it easy to become knowledgeable virtually the binary market. Still, its services are not currently available to investors in the United States or Canada.
allows you to make trades 24/vii, even on the weekends, making it one of the more user-friendly binary options brokers. It offers over 100 tradable markets, including Forex, crypto, CFDs, and metals through its binary options and MetaTrader v platforms.
Beginners will appreciate that you tin set upwardly a virtual exercise account through Binary.com to help you lot learn more than about binary trading. This account provides you with a $10,000 virtual credit that you tin furnish for free. One time yous experience comfortable, yous tin create a real business relationship to brainstorm trading funds.
One of the all-time features of Binary.com’s platform is its speed. You lot tin can execute your binary trade in just seconds and analyze your portfolio in real-time, so you e’er make the most upward-to-date trading decisions. The site also allows you to customize your trading options, so you tin choose your payout, asset, duration, and strike to fit your needs.
Binary.com has a lower minimum deposit than other sites on our list at merely $v, making it more accessible to new and casual traders. The platform supports hundreds of deposit and withdrawal methods, including Visa and Mastercard credit cards, Bitcoin, and more than.
Binary.com is licensed in Malta, the Uk, Republic of ireland, and the Isle of Human being.
This site has won numerous awards for its integrity, reliability, and ease of utilize. In 2019, Global Brands Magazine named Binary.com the Best Binary Options Broker, and we concord that it offers some of the most benefits amongst similar platforms.
Binary.com is one of the best binary options brokers for beginners looking for a simple, easy-to-apply platform to begin trading.
Demo Business relationship:
Click Here to Visit The Binary.com Website For More than Info
What Are Binary Options?
Binary options are forms of options trading that offer ii possible outcomes: either yous make a predetermined profit, or you lot lose the money you put into the merchandise.
When you merchandise binary options, you’re answering a yes or no question: volition the market be above a certain toll by the death time? If you respond correctly, you volition receive a $100 payout on each contract. If y’all respond incorrectly, yous will lose the money you put into the trade.
Binary options predict trends of stock indices, commodities, events, and Forex pairs. Let’s say y’all’ve been watching the price of silver over the past several weeks. Though its current price is $1,000 an ounce, you predict its toll volition increment to over $i,100 by the stop of the calendar week.
Rather than actually purchasing silvery to brand a profit on this toll increase, you lot can buy a binary options contract with your prediction. Trade prices range from $0 to $100 depending on the likelihood that the contract expires below or above the strike cost.
In this scenario, yous buy five silver binary options for $60 each, significant you spend $300. You now have two possible outcomes:
- The price of silvery is at or beneath $i,100 by the death time. Because your prediction was wrong, y’all lose your $300.
- Your trade finishes “in the money,” meaning the price of silver is above $one,100 past the expiration date. You lot receive a $100 payout on each of your contracts, and then yous earn $500, a profit of $200.
Binary options are frequently more lucrative than traditional forms of buying and trading. They also offer controlled risk, equally you know exactly what you stand to lose if your prediction is wrong.
Still, attempting to go into a binary options merchandise blindly could lead y’all to lose your deposit in no time. The best way to brand a profitable binary options merchandise is to employ a banker platform to walk you lot through the process.
Factors To Consider When Choosing A Binary Options Trading Platform
You lot can observe dozens of binary options platforms on the web. While some websites are safe and reliable, you’ll find an equal number of risky sites that may even be operating illegally.
Equally you search for the
best binary options trading platform
for you, consider how each of these factors plays into your decision.
In binary options trading, an
is a financial production on which yous place your bet. Most trading platforms offering a range of underlying avails—many of the sites on our listing allow you lot to cull from over 100 fiscal products. Some of the most prevalent markets are crypto, commodities, Forex, indices, and stocks.
If you have a specific underlying asset in listen, look for sites that specialize in your preferred expanse. If not, you lot may do good most from a platform with a few dozen products available.
Some binary options brokers identify a cap on the amount y’all tin withdraw from each payout, such equally $one,000 or $10,000. Other brokers take a fee out of payouts on each side of the trade and then that your maximum payout is only 85% or 90% of your full profit.
As you search for the best binary options brokers for y’all, keep in mind how a site’s maximum payouts could affect your profits. Some platforms counter their low payouts with rewards or other advantages, while others end up taking more of your money than they are worth.
Binary options trading brokers usually place a minimum deposit corporeality on each trading business relationship. This amount tin range from a few dollars to several hundred dollars depending on the platform’s specific policies.
If y’all’re a first-time binary options trader or you don’t experience confident risking more than than $100, look for sites with lower minimum deposit amounts similar Binary.com and IQ Option. Merely if you lot’re looking for a higher payout, yous may benefit most from choosing a platform with a higher minimum deposit, such as IQCent.
Either way, information technology’due south best not to let a trading platform force per unit area you into spending more than coin than you lot are comfortable with. If a site’s minimum deposit is too high for your liking, look for some other platform.
Demo accounts are beneficial for users still learning the ins and outs of trading binary options. Many brokers permit y’all to create free demo accounts to exam out binary options trades with simulated, virtual currency. You can use these accounts to see how your choices bear on whether you lot win or lose money, helping y’all become more confident earlier using real funds.
Demo accounts also let you to endeavour out several binary options brokers before choosing 1. You tin can use your demo account to improve understand each platform’southward features, user interface, technical indicators, and risk management options before creating a paid trading account.
Binary options trading is a highly regulated class of investing, and some countries place specific regulations on how their citizens tin can participate. Many brokers do not operate within the United states due to U.S.trading regulations. The U.K. besides regulates options trading through the
Fiscal Conduct Authority
As you search for the best binary options brokers, make sure the trading platforms you visit are available within your land. You should never attempt to work around a country’southward restrictions through a VPN or other means—doing so could get you into legal problem.
Giving your bank account or credit card data abroad comes with risks, and you should always make sure a broker uses safety payment options before proceeding. Binary options brokers should specify upwardly front end which deposit methods they accept, such as credit or debit cards, cryptocurrencies, e-wallets, or banking concern wire transfers.
Consider which payment methods you experience comfy using as you search for the right options banker. And after yous begin trading through a platform, keep an center on your bank account—unsafe websites could showtime making unauthorized withdrawals from your account.
Speed of Withdrawals
When y’all earn profits on your binary options contracts, you probably desire to receive your money as soon as possible. Some options brokers have speedy withdrawal times, assuasive you lot to receive your funds inside 24 hours of the expiry times. Other sites may require y’all to wait several days before you tin can collect your profits.
Take note of a platform’s withdrawal times as you search for the best binary options broker. If yous would like to receive your funds rapidly, you’ll want to look for platforms that annunciate instant withdrawals.
Some brokers offer both spider web browser platforms and apps, allowing you lot to make trades from several different devices.
If you program to practise near of your trading from a computer, you’ll probably do well with a browser-based platform. But if you’d like to be able to check up on your account from anywhere or make trades from your mobile device, y’all should search for brokers with iOS and Android compatibility. Pocket Selection and IQ Selection are two of our favorite mobile-friendly options brokers.
How Do Binary Options Brokers Make Coin?
Binary options brokers can make money in 2 different ways.
First, some brokers human activity as the counterparty, or the trader against whom you are betting. These platforms are known as “over-the-counter” brokers.
Every binary options trade needs to have two sides: one party who bets yes, and one who bets no. Many brokers make money the aforementioned way traders exercise—by winning some trades and losing others. Even so, because these platforms often have millions of clients, their profit potentials tend to be higher than that of the average trader.
Other binary options brokers make money through commission. These brokers act as the middleman, matching traders depending on whether they want to buy or sell. Commission-based platforms oftentimes hibernate commission fees within each contract’due south spread, or the divergence betwixt the buy and sell prices, so clients may not observe that they are paying any additional money.
Brokers who charge committee also tend to offer leverage to encourage larger trade sizes, producing more profit for the banker.
Should You Employ Multiple Brokers With Binary Options Trading?
Making accounts with multiple brokers can be beneficial for several reasons.
First, some brokers specialize in specific types of trades. If you plan to make trades beyond several categories, such equally short-term, call option, and binary options trades, you may want to create one account with each type of broker.
Utilizing several platforms also reduces the gamble of placing all your eggs in one handbasket. If one website goes under, turns out to be fraudulent, or doesn’t accommodate your needs, you won’t hazard losing all of your money at once.
Further, some sites offer sign-up offers for new users that let you to expand your initial deposit for gratuitous. It may be benign to create accounts on multiple sites and distribute your funds amidst each to take reward of these bonuses.
However, if you decide to make accounts on multiple platforms, exist sure non to lose track of your activity on each. Trying to continue several decease times in mind may crusade y’all to miss deadlines and lose out on profits, canceling out the benefits of using several brokers.
Are Binary Options Brokers Regulated?
Many binary option brokers are regulated past a financial manufacture regulatory authority. Even so, there are however many unregulated brokers within the industry.
Regulators worldwide have been tedious to catch up with the industry. Some agencies and organizations do accept regulations in place.
Regulatory agencies with a pregnant presence in the U.South. include:
- Securities and Substitution Commission (SEC)
- Commodity Futures Trading Commission (CFTC)
In countries around the world, regulators include:
- Australian Securities and Investments Commission (ASIC)
- Fiscal Conduct Potency (FCA) in the U.K.
- Mann Gambling Supervision Commission (GSC)
- Cyprus Securities and Exchange Committee (CySEC)
- Malta Gaming Authority (MGA)
Now that binary options have captured organizations’ interest, they’re paying closer attention and, in many cases, looking to tighten regulations on many online trading platforms.
Even with increasing oversight of every binary options banker, the market place has some unregulated brokers. Some of these binary brokers may be on the up and up, merely regulations help protect your interests, particularly if you’re new to binary option trading.
Do Binary Trading Sites Accept Traders From The United States and the Great britain?
You may have noticed that several of the trading platforms on our listing are non available in the U.S. or the U.One thousand. Currently, the merely regulated broker in the U.S. is Nadex.
The U.Due south. has stricter regulations than other countries, making it more challenging for binary brokers to gain U.S. approval. One reason regulation is more stringent in the U.Due south. is considering the authorities has strict laws prohibiting online gambling. Some regulators ascertain binary option trading equally a form of gambling.
Yet, a few offshore brokers, such as Pocket Choice and RaceOption, accept traders worldwide, including those in the U.S. and U.Thousand.
Should Beginners Merchandise Binary Options?
Trading binary options is an splendid manner for beginners to dive into the trade market. Binary options are easier to sympathise than other markets because of their binary nature—you only have two options, yep and no, for each bet.
And though trading binary options comes with significant take chances, that risk is more defined than trading in other markets. You lot know exactly what you stand to proceeds or lose with each bet, and you will never lose more money than what you lot provide upfront in your contracts.
Finally, a binary options broker can brand it easy for beginners to learn more nigh binary options markets. Many of the sites we reviewed offer tools and resources specifically for educational purposes. Demo accounts also allow beginners to try out the market in real-fourth dimension without losing any money.
If y’all’re looking for an easy-to-learn form of options trading, binary options may be your best bet.
Is Binary Options Trading Safe?
On the whole, trading binary options is every bit condom as whatever other merchandise market. The U.S. Securities and Commutation Commission approved binary options in 2008, and traders worldwide consider this form of trading one of the safest on the market.
One reason binary options trading is so prophylactic is that it is straightforward and like shooting fish in a barrel-to-understand. You won’t risk losing money because y’all don’t empathise an investment’s terms. Binary options are simple, and you should accept no problem understanding how much money you’ll proceeds or lose on each contract.
However, not every binary options broker is condom and reliable. The best way to ensure that your trade is secure is to use a trusted binary broker with a rubber trading platform. You should just eolith coin with a regulated binary options banker if you feel confident that the trading platform is trustworthy and if information technology has positive reviews from other traders. If you have whatsoever doubts near a site’s security, walk away and find some other binary options banker.
How to Trade Binary Options
You’ve done some enquiry and you call back trading binary options might be correct for you. Here’s how to become started:
Choose a Binary Options Broker
Although we covered how to find the best binary trading platform above, here’s a quick epitomize:
- Cost and commission charges
- Minimum deposit amounts
- Expertise with specific assets
- Regulations and license
- Trading platforms access
- Extras or add-ons
- Demo accounts
You should exist able to find plenty of data y’all need on the broker’s website, only if you’re unsure, don’t be afraid to reach out. The all-time binary broker for yous will be the one you’re most comfortable dealing with.
Select an Underlying Asset to Trade
The toughest part may be narrowing down your choices. Binary trading has a widespread reach covering commodities, stocks, indices, and
. You can choose to wager on simply about everything.
Stocks are a popular underlying asset choice considering they have the potential for larger gains in a shorter catamenia. In a way, you lot can play the stock market without the financial contract of a call option.
Indices, commodities, and currency are common choices, too.
Nadex provides binary trade access based on the:
- Dow Jones industrial average
- S&P 500
- Russell 2000
You can also merchandise via Nadex based on the price of:
- Natural gas
- Rough oil
Binary options trading tin can also focus on current events like unemployment or Federal Reserve rates.
Y’all can too attempt out the foreign currency or forex marketplace as a binary trader. Though forex trading may cost more this way, you have the benefit of a loss cap so you lot can try information technology without major risk.
CBOE provides options based on the S&P 500 and the CBOE Volatility Alphabetize.
When it comes to trading binary options, your choices are almost limitless. Do some marketplace inquiry and study the information. Pick an asset that intrigues you and has solid potential returns. Build a little knowledge and understanding of the asset and y’all’re ready to become.
Choose Your Investment Amount
How much capital are you willing to wager in the binary options game? With binary, you are faced with a good news/bad news situation. The good news is that the more y’all invest, the higher your potential profit. The bad news is that y’all stand to lose your full merchandise amount depending on the outcome. You lot need to decide what amount of coin you can stand to lose while making sure you invest enough for sufficient binary trades and worthwhile payout.
Choose Your Decease Time
Think of the expiry fourth dimension as the binary option terminate line. It’southward the moment the merchandise ends and it determines whether you lot made a profit or lost your investment.
Death times vary from xxx seconds to the end of day, clear up to i year. Investors consider an expiry time of less than five minutes as short-term or “turbo.” Five minutes to the end of day, or the endmost fourth dimension for the underlying asset, is classified equally a normal expiry fourth dimension. Annihilation longer than the end of mean solar day is classified as long-term.
Recall about your trading way and goals. Exercise yous desire to brand a agglomeration of trades and increase your turn a profit potential? Are you more than deliberate with the goal of trading accuracy over quantity?
If you lot’re a beginning brusk-term trader, yous should consider 30-second and 60-second expiry times, in addition to end-of-day expiration. Be certain to weigh trade volume vs. price motility when making your decision.
Select Telephone call/Put to Predict Market Direction
This is your binary moment of truth. Y’all need to decide whether the value of your chosen asset will increase or decrease. Remember, this is all or nada, a win/lose proposition. That’s the nature of binary options. It’s time to hitting the button on your device and hope your prediction is correct.
Final Thoughts – Is Trading Binary Options Right For You?
Trading binary options is a quick way to make some extra cash without the hazard that comes with other trade options. This form of trading is straightforward, easier to understand than other products, and offers quick plough-around times, making it a pop activity for traders worldwide.
Binary options brokers simplify the procedure of ownership and selling your binary options products. These platforms are convenient, offer sizable bonuses and rewards for making accounts, and assist new traders larn more about the options-trading procedure before they brainstorm.
If you lot’re new to the world of options trading, you lot won’t find a improve way to ease into the market than with binary options. And if you’re familiar with several types of trading, y’all may find that binary options are a jiff of fresh air compared to more complicated trade types.
Choosing any of the regulated binary options brokers nosotros reviewed above volition put you in an excellent position to begin making profits off your trades. Give binary trading a try today—it could be the perfect manner to heave your income.
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