The trade of binary options is currently a popular trend among online traders. In order to allow its users to keep abreast of the current trend, ETX Capital offers Binary Options platform as a part of online trading. In Binary Options Trading, Commodities, Forex Pairs, Stocks and Financial Indices are all available in binary options format. Traders will need to predict whether a chosen product will increase or decrease within a specified time.
Correctly predicting will give them a profit while an incorrect prediction will cause a loss. Now that we know what Binary options trading is, let’s look at some of the benefits of trading with binary options platform.
Risk is limited
You do not need excessive amounts of money to trade binary options online. This allows you to leverage as much or as little risk as you like or can afford. Also, the Binary options platform offers you options that present you with the amount you stand to win and the amount you stand to lose prior to any investment. This ensures that you only invest what is within your means and prepare yourself well for any potential loss. With Binary Options platform, you can calculate your risk before you spent a single penny.
Quick returns and high rewards
Compared to more conventional financial trading methods, binary options have a much shorter expiry period. You need to wait months or years before you see any return on traditional forms of trading but with binary options platform, expiry times range from 15 minutes to a week. You can make substantial profits with a few successful trades as binary options platform gives you the ability to quickly trade in markets for a short period and as it comes with potentially high return rates.
Simple form of Trading
In order to speed up the process from your initial deposit to getting started, brokers have made trading binary options as simple as possible. Only a few steps are involved in the process including choosing the financial asset you want to trade, selecting the amount you want to trade and the direction in which you think the price will go.
Binary options is a greatly affordable way to trade online as it gives for binary option traders the ability to trade small amounts at a time. You can make trades for even as little as $1 with the binary options platform. Basically, binary options platform allows you to minimize risk while increasing your chances of a profit.
Trade at any time
In order to make binary trading platforms as accessible as possible, brokers offers traders the option to trade using their mobile.
Binary Options Trading is fast becoming the preferred choice of online traders. This is the reason ETX capital and other brokers offer this platform!