Software technology TraderXP
Using software technology called SpotOptions, TraderXP makes binary options trading simple. When you start using the platform, you can just pick out which asset you want to trade. Then, you decide whether you think the asset will Put, the price will fall before the expiry time, or Call, you think the price will rise by expiry. After that, you can just watch the asset and collect your profit if you are correct.
TraderXP is geared toward more upscale clients. This is why they have minimum opening positions of $25. You can open up a real account for a $200 minimum deposit. And, since Trader XP was one of the first companies to offer binary trading online, they offer more than 80 different underlying assets. These assets include:
Commodities– platinum, coffee, silver, oil, sugar, wheat, and gold.
Stock indices– NASDAQ100, TOPIX, IBEX, S&P500, STRAITS TIMES, Nikkei 225, ASX Australia, among others. 28 total.
Currencies– NZDUSD, EURJPY, GBPUSD, USDBRL, USDZAR, USDCAD, GBPJPY, AUDUSD, EURUSD, and more. Fifteen total.
Shares– 33 options to choose from.
Online chat, telephone, and email are all options you can use for contacting TraderXP’s customer service 24 hours per day, seven days a week. They are not only there to make sure everything is functioning properly, but they also help you to improve your investing. They have financial experts on hand at all times to provide counseling.
In order to take advantage of trading opportunities while on the go, TraderXP offers apps that work with your mobile device. I found this incredibly useful because I am constantly on the go, and it is annoying to have to use a web browser on a tiny screen. Of course, the website is still an option on all devices that can access the internet.
As far as I could tell, TraderXP does not offer different account types based on how large of a minimum deposit you make. Most other binary options brokers do offer this. I kind of like that because I do not have a ton of money to deposit, yet I still want to access all of the features the broker has to offer.
Of course, I am sure that TraderXP gives VIP treatment to anyone who makes an inordinately high deposit.TraderXP offers a 75 percent rate of return. Their return on a loss is about ten percent. As mentioned above the minimum position is $25. The maximum is $500.
TraderXP offers a wide array of trading options on its web-based platform. With speed trading, you can trade on options that have a 60-second expiry. They offer standard Put/Call trading. There is also one-touch trading where you can decide if an asset will reach a certain amount by expiry. And, there is zone trading, which involves deciding on whether an asset will finish inside or outside of a particular zone of values.