A significant advantage offers by TraderXP’s trading platform is that it is based entirely online, so there is no software to download. The Binary Options Pro Trader platform offers four windows in which to trade options simultaneously in 15 minute intervals.
The One Touch platform allows you to maximize your profits by predicting whether the offered bid will reach a specified level within the time frame provided. The Option Builder allows you to customize each trade by choosing your assets, expiry time (in 5 minute intervals), setting your risk preference and investment amount all in one centralized place. It may sound funny, but during the scope of our TraderXP review, we nearly overlooked the features offered by this binary options broker because we were so enthused by the trading platform – and because the information is hidden all the way at the bottom of the website. Another feature we especially liked was the up-to-the-minute market review provided by TraderXP, an analysis that should be standard, but is notably lacking in many other binary options sites.
We were also happy to see that TraderXP accepts perhaps the most payment options of any broker we’ve reviewed.
Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. In conclusions, Binary options or digital options, as derived from their name, are options that pay out a fixed return, depending on whether a certain condition has been fulfilled by the time the option expires. Binary Options are a much more simplified and advantageous way of trading currency pairs than traditional Forex trading. During the scope of our TraderXP review, we were impressed to see that the site was created not just by financial analysts, but by people who have a clear vision and ability to create a user-friendly website.
Gold members will also have a professional account manager that can respond to questions and offer advice when necessary. The company offers multiple ways to trade, so that traders with different preferences can enjoy a trading platform that is best suited to their specific preferences.
Similarly, the Fast Trader platform offers similar capabilities with 9 windows shown on one web page and trade intervals of 5 minutes, so that you can trade multiple items as quickly as possible, while keeping an eye of all of your options concurrently.
Although this type of trading is riskier than standard binary option executions, it offers the potential for up to 500% returns. Nevertheless, we found TraderXP’s features to be worthy of a higher placement, as they were truly interesting propositions.
This information can be critical for traders who prefer to make educated investments instead of impulsive executions. The company sets itself apart by offering phone support access in multiple countries, so that traders can get help by making a local call.
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Register for free at FX Academy, the first online interactive trading academy that offers courses on Technical Analysis, Trading Basics, Risk Management and more prepared exclusively by professional Forex traders. For example, you can speculate on $100 that Google price will be higher than the current last price in one hour from now. It’s called binary option trading and allows you to trade your views on the financial markets without needing a complex setup. All of the platforms are located within a singular structure, so that it’s easy to switch between the platforms as you see fit. We tested TraderXP’s chat service multiple times and found the agents to be extremely polite and helpful.
Traders from the Middle East and North Africa can also deposit funds via CashU, while Scandanavian traders can transfer funds through Nordea Netbank, and Dutch users can use a similar service called iDeal. Second, no leverage is involved so you can enjoy 81% returns without risking any more than your single trade amount. Rollovers can be used once per option, and must be executed within 10 minutes of expiry, so traders must make sure to pay attention carefully. However, when we attempted to email the company we received repeated error messages and were not able to get through.
On the other hand, If in one hour from now Google last price will be lower than the current last price, You will keep up to 10% of you initial investment amount. This is a huge deal to those of us who don’t know exactly where to place that Stop-Loss fearing that we will get shaken out of our trade. The most traditional of these options is the Binary Options platform, which is available in Pro Trader and Fast Trader versions. Still, this flexibility can be critical for those who look like they may lose on the trade. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
If you have traded options before, then Forex binary options is not a new thing, it has features of stock option spreads (believed to be one of the most consistent profitable strategy in stock option trading).
You give your prediction of whether or not the price of the asset you are trading will be above or below the current price you see now (called strike price) in an hour from now, and put a small investment (say $10) or a larger one(not exceeding $2000.00).
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