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US Customers: YES
Bonus: None currently – Only Site to offer 15% loss returns on all trades!
Minimum Deposit: $50
Minimum Trade: $25
Assests: Are always increasing; Currently US customers can trade 43 stocks, and soon the additional 23 indices, 4 commodities and 11 currency pairs that NON US Customers enjoy once additional regulatory requirements are fulfilled within the next couple months.
TraderXP provide binary options trading in over 53 underlying assets including stocks, currencies, commodities and indices. Many of the stocks these are UK listed companies but the also provide for some US stocks as well as more exotic trading in Russian and Indian listings. Since they began, in 2009, their online trading platform has been described as the most advance and professional binary options trading solution available. They provide a unique selection of features and tools which enhance both trader interaction and performance.
The web interface is clean and user-friendly, with a straightforward and fast execution of trades. News and financial data is provided by a live feed by Yahoo Finance which is a basic but essential requirement for intraday traders.They also provide one of the most comprehensive beginners’ introductions to both the platform and the world of binary options trading. This is often a feature which many binary options brokers fail to include and suggests why TraderXP is a popular choice for those just starting out in options trading. The availability of 24/7 support staff is also a major benefit to both new and experienced clients and is another key benefit to choosing to trade with TraderXP. They also provide this support service with multilingual staff in five languages.
Within the 53 assets, traders receive competitive payouts of between 68-75% for in the money trades. The binary options trading that they offer is most suited to intraday trading as the longest expiry time on any single option is the end of the day. The site has useful features allowing traders to search through past expiry values and represent the current strike price graphically so that traders can see at a glance the historical performance of the strike price.
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TraderXP also provide for One Touch trading at weekends which allows traders to purchase an option based on the speculation that price will touch a certain price in the future. Although the risks are higher with these types of binary option the payouts reflect these at up to 500%. The expiry price level becomes irrelevant here and a trade only becomes in the money if it touches the predetermined price level during the lifetime of the option.
TraderXP go beyond providing a straightforward brokerage service and the website also provides analyst reviews and opinion for certain assets and markets. These include features such as the Daily Market Review which provides a brief on the major fundamental developments and news occurring that day. A weekly review is also available to highlight key dates and data releases for the forthcoming week. It also provides a helpful section on fundamental analysis and explanations of some of the key events which move markets. This is a unique feature of the TraderXP and further highlights its prominence as an ideal platform for beginners and those just starting to trade binary options.