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.
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.
- Headquarter : Cyprus
- Regulation : None
- U.S. Clients Allowed :
- Maximum Leverage : N/A
Pros and Cons
- Intuitive trading platform
- Fast trade execution
- No download required
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