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I agree to the idea that someone who has forex experience will find trading binary options easier to learn. But I don't buy the idea that someone who doesn't have forex trading experience won't have a chance to succeed in the binary options market.
My personal advice is do not go with Binary Options, still if you interested in binary options then here are few resources..........
How to Trade Binary Options | Financial Trading School
How to Understand Binary Options: 6 Steps (with Pictures)
BO brokers have liquidity providers but what's sure from that they use it for data feed.
They hedge not hedge they are defined bucketshops by default or not, even the regulated ones, that's not a problem for me and any trader as long as they play fair and can withdraw money anytime.
Significant percentage of clients will never get successful but the opposite down. What makes me assured about that is more newbies going to first buy useless robots and systems that don't and will never work or let a whoever unknown account manager trade with their own money!!
And, it will take long time for them to learn this business if they understood firstly to start the path with their own steps not others!!
In mean time, when you say my profits come from other clients loss, have no problem in that, absolutely happy to read it.
At end, coming from broker or clients(losers), I hadn't pass through the years in errors, fixing and improvements to worry much about newbies and investors who have much money want to throw imagining that Forex and Binary Business are an easy mission or get rich fast myth!
Can review my thread https://www.forexpeacearmy.com/fore...53-binary-options-regulated-scam-brokers.html
For UK residence, can choose IG.com or ETXCapital.com, your best options I think.
Are you a Forex trader? Traded in the market before? If yes, start with opening a demo account at both brokers to get familiar with binary options.
If not, must first start trading in a forex broker mt4 demo account to apply what you learn on binary option trading platform.
Have long road, unless you have plenty of money to loose then go to the Casino!