Swiss Regulator FINMA Warns Against Binary Options Broker Geneva Optio…
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Trading resources on the site are pretty average; there is a FAQ page, a list of features, a dictionary, a How to Trade page, and several fundamental analysis articles. Daily and weekly market analyses are available to everyone. You’re given regular consultation time free of charge with your account manager, which is a great way to learn from someone who is a professional in the field. If you pay a large enough deposit for a Bronze, Silver, or Gold account, you are also provided with tutorials and online courses.
Customer service options include live chat, phone (not toll free) and email. Furthermore, it’s great that managed accounts are offered at the second deposit tier; this is usually a service you have to deposit a lot more money to enjoy. With just 400 USD, GBP, or EUR, you are given a personal account manager who can assist you. We do like that when you sign up for an account, you’re offered the choice of requesting a call back so that you can talk to a real person before you start trading. When we tried to talk to a live chat agent, no one was staffing the desk, but this was unsurprising being as it was a holiday.
While SpotOption sold off the company years ago, TraderXP still uses the same platform which will be familiar to many binary options traders. TraderXP seems a bit inferior in terms of some of its offerings, though there are other areas in which the company excels. The company accepts customers from the US, but does not allow them to trade currencies or commodities for regulatory reasons (the usual terms and conditions for US traders). TraderXP is a binary options broker which was originally owned by SpotOption, the developers of the popular trading software that powers so many binary options platforms.
This is because the profit potential is unlimited. I cannot think of a better kind of trade to make in the options market. It does not matter if the asset price goes up or down; the trader will make money. Indeed, the farther away the price of the asset on expiry is from the market price at the time of purchasing the option, the greater the profit that the trader will make.
Back in October, Finance Magnates reported on FINMA when the authority confirmed that Central Option never obtained Swiss financial license. It also came to the regulator’s attention that the brokerage firm, which operates via www.centraloption.com and lists both UK and Hong Kong head office locations on its website, and offers binary option strategies options trading on a variety of assets including currencies, commodities, indices and stocks, has been pulled up by several regulators of late.
Once you’ve registered, you can trade commodities, binary option signals currencies, stocks or indices; there are around 85 different underlying assets you can choose from. The minimum trade size (for 60 Second trades) is only 5 USD. The maximum trade size is not listed on the site; live chat wasn’t staffed when we checked in (it was a holiday), but we sent an email and will update accordingly. These aren’t as good as the percentages we’ve found at most sites. You can only make up to 75% return on a trade which goes in your favor, and you can only receive back 0-10% on a trade expiring out of the money.
It would be nice if the broker was regulated and provided better percentages for binary option trades won and lost, and binary option strategies it would also be great if they offered mobile trading and demo testing. The minimum trade size is very small, and therefore flexible, and there are more deposit methods for TraderXP than any broker we’ve reviewed. It’s also great that you have the opportunity to use double up or rollover to increase your investment in a trade which is going well. There is a ton of trading instruments, and you can choose from a number of binary option types to trade. While they don’t provide these benefits, they do provide other advantages. There are a mixture of benefits and drawbacks to TraderXP.
The newly-listed company is a binary options broker named Geneva Option. The Swiss authority located the company address via its website www.genevaoption.com which reveals that the firm is owned and operated by a Marshall Islands-based entity called HAS Group Ltd, 96960.
• where 1 represents the number of option contracts. 1 option contract = 100 shares • XY is the underlying asset purchased (which could be a stock, ETF or commodity) • 50 and binary option signals 55 are the strike prices of the of the put and call option respectively.
Open a binary options account by filling the online account opening form and fund the account with adequate trading capital. Once you have your tools ready, select a regulated binary options broker that offers gold binary options.
Depositing money is easy; you can not only use the standard deposit options (credit card, Skrill, binary option brokers wire transfer), but also PayPal, Neteller, CashU, Western Union, Nordea, and iDEAL. Nordea is a service specifically used by Scandinavians, and the site is available in Norwegian (among more common language options), so TraderXP seems to be aiming services toward that market in particular.
Customer service options include live chat, phone (not toll free) and email. Furthermore, it’s great that managed accounts are offered at the second deposit tier; this is usually a service you have to deposit a lot more money to enjoy. With just 400 USD, GBP, or EUR, you are given a personal account manager who can assist you. We do like that when you sign up for an account, you’re offered the choice of requesting a call back so that you can talk to a real person before you start trading. When we tried to talk to a live chat agent, no one was staffing the desk, but this was unsurprising being as it was a holiday.
While SpotOption sold off the company years ago, TraderXP still uses the same platform which will be familiar to many binary options traders. TraderXP seems a bit inferior in terms of some of its offerings, though there are other areas in which the company excels. The company accepts customers from the US, but does not allow them to trade currencies or commodities for regulatory reasons (the usual terms and conditions for US traders). TraderXP is a binary options broker which was originally owned by SpotOption, the developers of the popular trading software that powers so many binary options platforms.
This is because the profit potential is unlimited. I cannot think of a better kind of trade to make in the options market. It does not matter if the asset price goes up or down; the trader will make money. Indeed, the farther away the price of the asset on expiry is from the market price at the time of purchasing the option, the greater the profit that the trader will make.
Back in October, Finance Magnates reported on FINMA when the authority confirmed that Central Option never obtained Swiss financial license. It also came to the regulator’s attention that the brokerage firm, which operates via www.centraloption.com and lists both UK and Hong Kong head office locations on its website, and offers binary option strategies options trading on a variety of assets including currencies, commodities, indices and stocks, has been pulled up by several regulators of late.
Once you’ve registered, you can trade commodities, binary option signals currencies, stocks or indices; there are around 85 different underlying assets you can choose from. The minimum trade size (for 60 Second trades) is only 5 USD. The maximum trade size is not listed on the site; live chat wasn’t staffed when we checked in (it was a holiday), but we sent an email and will update accordingly. These aren’t as good as the percentages we’ve found at most sites. You can only make up to 75% return on a trade which goes in your favor, and you can only receive back 0-10% on a trade expiring out of the money.
It would be nice if the broker was regulated and provided better percentages for binary option trades won and lost, and binary option strategies it would also be great if they offered mobile trading and demo testing. The minimum trade size is very small, and therefore flexible, and there are more deposit methods for TraderXP than any broker we’ve reviewed. It’s also great that you have the opportunity to use double up or rollover to increase your investment in a trade which is going well. There is a ton of trading instruments, and you can choose from a number of binary option types to trade. While they don’t provide these benefits, they do provide other advantages. There are a mixture of benefits and drawbacks to TraderXP.
The newly-listed company is a binary options broker named Geneva Option. The Swiss authority located the company address via its website www.genevaoption.com which reveals that the firm is owned and operated by a Marshall Islands-based entity called HAS Group Ltd, 96960.
• where 1 represents the number of option contracts. 1 option contract = 100 shares • XY is the underlying asset purchased (which could be a stock, ETF or commodity) • 50 and binary option signals 55 are the strike prices of the of the put and call option respectively.
Open a binary options account by filling the online account opening form and fund the account with adequate trading capital. Once you have your tools ready, select a regulated binary options broker that offers gold binary options.
Depositing money is easy; you can not only use the standard deposit options (credit card, Skrill, binary option brokers wire transfer), but also PayPal, Neteller, CashU, Western Union, Nordea, and iDEAL. Nordea is a service specifically used by Scandinavians, and the site is available in Norwegian (among more common language options), so TraderXP seems to be aiming services toward that market in particular.
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