Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
|---|---|
Year Established | 2008 |
US Persons Accepted? |
StartOptions is one of the pioneers in the binary options trading arena, and after a thorough review of their services, it is safe to say, they are here to stay. There is no denying the primary advantage of binary trading over other financial investments, namely, its simplistic nature and instant gratification. Trading with StartOptions is a pleasure starting from their easy-to-use website and continuing with their intuitive and easy-to-use trading platform available in 12 languages. StartOptions is not regulated yet and is based in Cyprus, Limassol.
StartOptions’s motto is “Trading the Market in Just One Click”. This is very true when trading with StartOptions, and we found that a first time binary options trader should have no difficulty at all navigating the site.
Trading Platform
We were pleased to see that the StartOptions trading platform is completely web-based and does not need to be downloaded. When first accessing the site, you can easily create either a demo account or a real account within minutes, and you can begin trading immediately.
StartOptions’s trading arena has four main areas; Forex, stocks, commodities and indices. Although we didn’t test all four, we found the Forex trading area to be relatively straightforward, and we have every reason to believe that the other trading options are equally intuitive.
The company’s Forex binary options platform has six of the major Forex pairs from which to choose. Once you decide which pair to trade, you can select your investment, with a low $100 minimum deposit.
How StartOptions Works
The trades expire hourly and you can choose whether to select a CALL, meaning you think the base currency will increase, or a PUT, meaning you think it will decrease. As soon as you place the order, you can view it in the “Open Positions” area and click a picture of a graph to see the progress of the pair, commodity, or stock you traded. The site also offers in depth Binary tutorials, just in case you can't figure it out on your own, though with such an intuitive interface, you should need these tutorials frequently.
In terms of funding your account, StartOptions does not disappoint. They support the major credit cards, and they recently joined a new platform which supports various local payment methods including Visa, MasterCard, Visa Electron, Visa Maestro, InstaDebit and more.
Finally, it might be helpful to point out that StartOptions offers trades for a minimum of only $10, so that you can invest as little or as much as you want, an updated blog on the latest financial developments, and a strong online presence on the various social networks, such as Facebook and Twitter, for those who enjoy receiving their industry updates via social media channels.
Trading Platform
FAQs
Is FXCM or Plus500 safer for Forex and CFDs trading?
FXCM has a troubled past under its previous management team, resulting in 13 CFTC reparations cases, 17 NFA arbitration decisions, and eight other US regulatory actions in the US, and fines by the UK FCA for similar violations. After being forced to relocate after the loss of its US operating license, FXCM has a clean regulatory track record. The FCA remains the primary regulator for both, and while both have a troubled past, FXCM takes the edge as the new management team ensures a reliable operation without misconduct.
Which trading platform is better: FXCM or Plus500?
FXCM takes a distinct leadership position, offering traders the market leading MT4 trading platform, its proprietary Trading Station, and social trading leader ZuluTrade. All support automated trading and are available as a desktop version, webtrader, or mobile application. Plus500 merely provides its sub-standard proprietary trading platform where only manual trading is possible.
Which broker is better for beginner traders?
Since FXCM offers MT4, for which countless manuals, user guides, and videos exist, plus over 15,000 custom indicators and expert advisors (EAs), FXCM offers new retail traders a superior product and services portfolio. The significantly higher quality educational content versus Plus500 represents another value-added service. FXCM Plus further sets this broker apart from Plus500.
Which is the more reliable broker?
FXCM and Plus500 both maintain a reliable trading environment, but FXCM deploys a superior technology infrastructure, which can result in improved pricing and lower latency.
