There are many ways to trade the financial markets online. Among the newest is binary options trading, and it is growing in popularity among the amateur traders. In fact, binary options trading has only been available to the public for the past several years. Now, it’s attracting many traders as it offers distinct advantages.
First of all, with standard binary options, the traders only risk the amounts of their bets. No more. This is in contrast to other forms of trading where the losses can exceed accounts’ equity. Secondly, binary options bets are similar to leveraged bets, so financial transactions can be entered with only small sums of money. Moreover, with brokers such as TorOption, multiple asset classes can be traded.
Assets classes available
With TorOption, it is possible to trade multiple currencies including U.S. Dollars, Euros, British Pounds, Japanese Yen, Canadian Dollars, Russian Roubles, Swiss Franks, South African Rands, New Zealand Dollars, Singapore Dollars, and Turkish Liras. This is a good mix of both major and exotic currencies.
Major commodity trading is accessible as well. If you’re looking to trade oil, precious metals (gold, silver, and platinum), or agricultural commodities (coffee, sugar, and wheat), TorOption is the place to do it. The customers also have access to international indices and stock trading.
Trading so many different asset classes isn’t possible with traditional accounts. Those traders looking for world-wide market opportunities across multiple asset classes have access to them with this broker.
User friendly trading platform
TorOption accounts come with an advanced trading platform that makes it easy to trade binary options. First, a trader chooses an asset class, then expiry time and the amount to bet. Next, either a bullish bet (Call) is chosen, or a bearish one (Put). Finally, trade is entered and all that the trader needs to do is to wait for the trade to expire.
If the trade expires on favorable terms, a payout is made. Some trades (such as 60-second binary options) can be made with small sums such as $5. This way, new traders don’t have to risk much as they gain experience making real trades.
TorOption offers four types of accounts. The Mini Account requires only small deposit as it can be opened with as little as $350. The customers holding these accounts receive 24/7 support and get an exclusive e-book on top of other standard services.
Bigger deposits, from $5,001 to $35,000, are considered for the Standard Accounts. These are subject to additional benefits such as a Welcome Bonus (up to 50%), an introduction call from Personal Account Manager, trial sessions with a top analyst, and complete access to an account manager.
In the next tier are the Executive Accounts. These accounts are for bigger clients who deposit a minimum of $35,001, for up to $50,000. Here, the Welcome Bonus can go up to 75% of the deposit amount, and the customers get unlimited calls from Personal Account Managers, 1-on-1 trading sessions, limited sessions with top analysts, and real-time trading signals.
Finally, there are the VIP Accounts for those customers who have deposited at least $50,001. The Welcome Bonus is actually custom made. As with the Executive Accounts, customers get unlimited calls from Personal Account Managers, 1-on-1 trading sessions, and real-time trading signals. However, the trading sessions with a top analyst are given on a weekly basis.
If you are looking into online binary options trading, TorOption is a place to give a consideration. The company is based in London, one of the major financial centers in the world.