Does Forex.com Offer Binary Options

For
investors
the financial market offers a wide multifariousness of ways to grow your wealth. Foreign commutation, or forex, gives you straight access to trade with international currencies at the click of a button. Trading binary options on the forex marketplace is ane of the simplest methods of making money.

A binary option lets you predict the price movement of a currency pair over a set period of time. For example, if you are speculating that the European euro (EUR) will rise in value confronting the U.Due south. dollar (USD) in the adjacent infinitesimal, you tin invest in a phone call option for the EUR/USD currency pair. If you are right, your binary pick contract will settle for $100 and you get your money dorsum with an earned profit of $100, minus the cost of the contract.

Forex binary options are the epitome of the high take a chance-high returns proposition. It is an apt investment strategy for active traders who expect fast results in the forex market. Here’southward what you demand to become started.

Step 1: Choose an Online Forex Broker

Before y’all begin, you demand to have an account with a forex platform that allows binary options trading. You can compare unlike online forex brokers before signing upwards.  Some things to consider in an online forex platform for binary options include minimum deposits, minimum merchandise value, payout percentage and the number of currency pairs bachelor to merchandise.

Step 2: Pick a Currency Pair

Nigh online forex brokers volition have a list of at to the lowest degree 80 currency pairs to pick and choose from. Common currency pairs traded in the forex market are EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD
and
NZD/USD. Just
because a currency pair is popular doesn’t make it profitable. Making informed investments based on research and statistical data helps you limit the risks involved in the binary options you lot purchase.

Step 3: Choice a Binary Pick

Online forex platforms let you selection the type of binary option you desire to buy. Depending on your choice, the payout percentage on the binary options will vary appropriately. The near-traded binary options are listed below.

• High or low:
  You can predict if the price volition ascent above or fall below the strike price of your currency pair. For instance, if the EUR/USD is valued at i.1134, you can buy a high or a call choice at i.1139. Likewise, you can buy a low or a put choice at 1.1131.

• Range or boundary:
  You can predict if the price of the currency pair stays within the strike price or if it will exceed it. For instance, if the GBP/USD is valued at one.2452 and you expect information technology to reach 1.240, you can buy a range pick. Too, yous can buy a purlieus pick if you lot expect it to reach 1.259.

• One touch:
  You can predict the price a currency pair is probable to attain. For case, if the AUD/USD is valued at 0.6147, you lot can buy a one-touch option at 0.6150.

• No touch:
  You can predict the cost a currency pair is non likely to achieve. For case, if the AUD/USD is valued at 0.6147, yous can buy a no-touch on option at 0.6140.

• 60 seconds:
  You tin can predict the ascension or fall of a currency pair value within 1 minute. For instance, if USD/CAD is valued at 1.3997 and you await it to accomplish 1.3999 in the next lx seconds, you can buy a call option.

Footstep 4: Ready the Option for a Call or Put

One time you’ve decided on the blazon of forex binary option to merchandise, you can cull to purchase a telephone call or a put contract. If yous look the value of the currency pair to rise, buy a phone call option. And if you lot expect the value of the currency pair to fall, buy a put option. This does non apply for one bear on and no bear upon binary options.

Step 5: Set an Expiry

You need to set a time duration for the forex binary selection to trade. The expiry on a forex binary selection contract can be anywhere between 30 seconds to 1 day or even 1 week. Many traders indulge in intraday binary options to brand a quick cadet. Be careful while following in their footsteps; yous could fire your fingers on a binary option merely as fast.

Step 6: Reap the Rewards

Unlike forex trading, binary choice contracts are purchased for a fixed rate and a fixed advantage. Both the heir-apparent and the seller of the binary option contracts will have to put in their money beforehand. So, you tin can cash in on your earnings as soon the currency pair hits the strike price.

Recommended Forex Binary Options Broker

Foreign exchange trading does non have a concrete marketplace. You have to open an account with an online forex broker to be able to merchandise in currency pairs. Since global economic and political news has a drastic impact on forex, yous have to explore the full prepare of belittling tools that an online broker provides with a registered account.

Based on crucial factors such as pricing, merchandise fees, trade execution speed, ease of employ and regulations, Benzinga recommends the following online brokers for trading forex binary options.

1. FOREX.com

FOREX.com is an manufacture-leading online broker for foreign exchange trading. It offers tight spreads on over ninety currency pairs. You can open an account on FOREX.com with a minimum eolith of $100 or 100 units of your preferred currency. With it, you tin can trade forex on desktop, net browsers or on its mobile application. It has an impressive average execution speed of 0.05 seconds per trade.

FOREX.com provides powerful market analysis tools such equally the economic calendar, avant-garde charting, pin points and daily updates from current events and geopolitical news. Information technology is regulated past the Cayman Islands Monetary Authority. For more information, you lot can read our total FOREX.com review.

two. IG

Founded in 1974, IG is the preferred online forex banker for over 178,000 traders worldwide. You tin open an business relationship on IG with a $0 minimum deposit. You tin can too open up a demo account to practice forex trading with express risks. The demo account provides you lot with AUD $twenty,000 in virtual funds to help you try your hand at forex trading without any capital investment.

IG offers over lxxx currency pairs to trade with. IG’s proprietary technology ProRealTime allows you to filter binary options past strike price and expiration date. It has a round-the-clock customer support facility to answer any queries y’all have. It is regulated by the Commodities Futures Trading Commission and is a member of the National Futures Association.

3. TD Ameritrade

TD Ameritrade is a commission-free online forex trading platform. You can open up an business relationship on TD Ameritrade with $0 minimum deposit. It offers over 70 currency pairs to trade with. The paperMoney tool helps you lot experiment with new forex trading strategies without risking your own money.

TD Ameritrade’south thinkorswim platform gives you access to professional-grade tech tools to raise your forex trading experience. With this integrated platform, you gain admission to global forex charting packages, currency trading maps and existent-time breaking news from CNBC International. TD Ameritrade is regulated past FINRA.

Sink or Swim

Trading forex binary options can feel a chip like cliff diving. When you hit the waters, you either sink or you swim, and for forex beginners that thrill can be all the more alluring. Similarly, when the contract expires on your forex binary options, it can either settle at $0 or $100. Your difficult-earned money is either going to become in or swim out of your pocket, so you should consider this forex trading strategy simply if y’all have a loftier-hazard tolerance.

Oftentimes Asked Questions