Forex binary option trading platform reviews
Traders can follow the prices on 5-second candlesticks, as well as 5-minute timeframes. You can easily switch between different timeframes and add the technical indicators Bollinger Bands and Moving Average on the chart.
Ayrex offers the three most popular binary options: The first two are basically the same, but as the name suggest, Short Term is for shorter expiry times: One Touch is more advanced trading and offers a target price for each option. Traders can choose a target price above or below the current market price. Once you select your target, you can decide whether the market will touch it. The Ayrex chart is well designed, which makes it easy for traders to navigate on the platform and trade binary options.
You can follow the markets on a big blue screen and switch between the area chart and candlesticks with one click. The available candlestick timeframes are 5s, 10s, 15s, 30s, 1m, 2m and 5m. You can also make use of the popular technical indicators Bollinger Bands and Moving Average.
Your favourite assets are intuitively selected by the smart technology based on your last 5 trades on the platform. There are also tabs to follow your expired contracts, upcoming news and signals. For No Touch options, the target price is usually too close to the current market price, which makes it difficult to profit. I believe they need to make these options more flexible by offering different payouts for Touch and No Touch.
You can use the web-based platform or a downloaded version, which you install directly on your computer. Both versions offer you the same products. By using the downloaded app, you might add to the speed of execution. The app is available on both App store and Google play. Traders can choose from a long list of currency pairs, cryptocurrencies and stocks. The price quotes are delivered by Leverate, Bitstamp and Nasdaq Basic.
The binary product at IQ Option offers traders fixed return on investment in a short expiry time, such as 60 seconds. Indeed, the most popular binary options are the short-term, or turbo, options. The expiry of a single option could start from 30 seconds and go up to End of the month. The loss is limited to the amount invested in the contract. You know the potential profit upfront, and once you decide on direction Call or Put , the option is executed instantly with the current market price.
The digital options are similar to binary options, but there is a significant difference: Your risk stays limited to the amount invested in each digital option. You choose the amount, and then the multiplier up to is your leverage. Traders can open Buy or Sell positions from the current market price, and the investment size determines the percentage value.
By using the auto close, you can choose the cash out and stop loss levels.