Binary Options from RoboOption

Binary options trading attracts traders by its simplicity of analysis and risk predictability. All you need to predict is the direction of price change. And since both loss and potential profit are specified in advance, then the time spent on trading risks calculation is minimized.

RoboOption brand belongs to a large forex broker RoboForex. Not so long ago this year group of companies RoboForex celebrated its 5th anniversary, so you cannot cancel the fact that the company has done extensive work on the development and introduction of new services. The company claims that its main goal is to keep the quality level on the same level that was specified at the beginning of the project.

The company promises to provide RoboOption’s customers the most advanced set of services for binary options trading. RoboOption can boast of its four types of options: 60 seconds, Binary, Long-term, Pairs, Touch, and Lader. In contrast to the rest, the Ladder allows you to select the execution price among the multiple values proposed by the platform, each of which will have a different payout rate. As for the Touch type, the contract implies that the price will reach a particular level in any place, which would be sufficient for the contract execution. Later we will discuss RoboOption’s contract types in more detail.

 

About the Company

Regulation

RoboOption follows European laws, namely the law on financial instruments’ markets, which is responsible for the quality of services in the investment sphere. In their turn, CySEC is a member of ESMA, which also monitors and controls the actions of the company. The CySEC’s duties include ensuring control of work of the Cyprus Stock Exchange, as well as the issuance of licenses for brokers and related companies. RoboForex is included into the Fund of Cyprus investors, which guarantees compensation to anyone, who was not able to compensate company‘s loss. In this case, the compensation may be up to 20,000 euro per client.

 

Liquidity providers

The sole liquidity provider for the company RoboOption is a company SpotOption, which is successfully working in the field of binary options trading for 5 years. SpotOption Exchange is the first investment company in the European Union, which is licensed by CySEC under the number 170/12.

According to the company, all client requests are sent directly to quotations suppliers, in bypass of the broker. This fact should strengthen confidence in the company because in this case, broker’s financial interest in losing money by the client vanishes.

 

Training

The company provides free courses for beginner traders on the binary options market. The course includes the study of the market’s fundamentals, the instruments used and the factors influencing changes of their prices. In addition, you will get acquainted with the basics of trading psychology and the importance of emotions in trading. At the end of the course, you are proposed to discuss the main mistakes in risk management and the comparison of different types of analysis.

Courses are available as video files and electronic articles. Also, in the Educational center section, you will find advanced courses for professionals, where you will be able to learn about the subtleties of setting up strategies and expert analysis methods. Reference materials on the platform can be found in the library section.

RoboOption also organizes regular webinars, which is an excellent perspective to strengthen your knowledge in more modern and practical way. Also, webinars are designed not only for trading beginners but also for advanced investors.

 

Awards

By the end of 2014, both companies have won an international prize Global Brands Awards, which is provided by the magazine with a corresponding name. RoboOption won in the category “Best New Binary Options Brand 2014”, and the company RoboForex won “the fastest growing Forex Broker of Asia 2014”. These awards can be regarded as an evidence of many efforts made to develop a new product, and RoboForex can be congratulated for strengthening its position in the Asian market.

 

Platform and Types of Options

Trading terminal from RoboOption allows you to trade on currency pairs, commodities, indices and stocks. The interface consists of 6 sections, 60 seconds, Binary options, Long-term, Pairs, Touch, and Ladder. Each type of binary options has support for multiple currency pairs and metals, commodities and indices.

The terminal allows you to select the option type, trading tool and specify the expiry period. The right side of the terminal displays the countdown of the time remaining until the option expiry. Depending on the pre-specified parameters, in the same part of the screen, the current payout percentage of options will be shown. Also, the terminal displays the price chart and the ratio of the acquired contracts for lowering and raising.

RoboOption offers six types of binary options for trading:

• 60 seconds - a popular type of contract for beginners. It is necessary to predict the price movement of the asset at the end of at least a minute after buying the option. The option offers trading in 10 currencies, 5 commodities, 1 stock and 2 indices. Contributions from $1 to $250, the percentage of payments is not more than 73%.
• Classic binary options is a contract with simple conditions of gain determination, or rather, prognosis in terms of the asset prices direction. There are 22 currency pairs in the option’s arsenal,5 commodities, 5 indices and 22 stocks. Contributions from $1 to $1500, earnings up to 80%.
• Long-term - requires a forecast of any increase or decrease of the underlying asset’s price during a specified period of not less than three days. You can trade 11 currencies and 3 indices. Earnings up to 77%, contributions from $1 to $1500.
• Pairs - your task is to determine which of two proposed assets will increase in price. 11 stock pairs, two pairs of commodities and indexes are available for trading. Contributions from $5 to $250, the maximum profit 75%.
• One Touch – here trader has to predict if the price reaches a specific level. An option allows you to trade shares of Apple, Facebook, Baidu, Amazon and Twitter. Profits up to 400%, contributions from $5 to $500.
• Ladder - trade by this option is a forecast of the asset direction depending on the chosen level. You can trade by such instruments as AUD/USD, EUR/JPY, EUR/USD, GBP/USD, USD/JPY and Oil. Profits up to 1500%, contributions from $5 to $200.

Also, to improve the trade indicators there are some additional features available to traders:

• Buy Me Out/Sell - This option allows the sale of already purchased option some time before the end of expiration.
• Double Up - for those who want to double the initial investment, after what an additional position opens at the current price.
• Rollover - the possibility to extend the option expiry.

 

Pros and cons

Pros:

• Possession of a CySEC document;
• Modern platform with an intuitive interface and rich functionality;
• Abundance of trade tools;
• There is no additional charge on the payment and the minimum deposit is only $10;

Cons:

• Despite all the simplifications newcomers might need some time for familiarization;
• No Metatrader 4 platform

 

Deposit and withdrawal of trading funds

First of all, during the registration process, select the appropriate (real) account type. After confirming of your personal data (the verification process), you can deposit your account through the RoboOption website. Many ways to deposit your account with electronic money, as well as through Visa or MasterCard services are available. The minimum deposit is only $10.

You should realize the importance of the account verification process. To confirm the entered data you must write in information about yourself using the letters of the English alphabet, and then send the scans of personal documents to check. This is required to ensure that the company does not introduce inconvenient delays of the funds movement, and to ensure the full functioning of all the options. As a rule, the check takes not more than a day, then you will receive a confirmation letter to your email.

 

Registration

When you register on RoboOption you have an opportunity to immediately choose between the completely free demo account and an account that requires real investment funds. Profits derived from the demo account cannot be withdrawn, however, this type of account is ideal for testing trading strategies.

After that, you will be prompted to enter your personal details. It is worth noting that the company does not intend to transfer the personal data of customers to third parties and guarantees its safety. The data must be accurate, and it must be entered in Latin characters. The same applies to email data and telephone number. If you enter a complete and accurate information about yourself, then in the future you will not have any problems with the verification passage.

 

Conclusion

RoboOption - is a new project of a large broker with a set of advanced and unique services to trade binary options. The company is regulated by appropriate European standards, as well as a reliable liquidity supplier (Liquidity Provider) - SpotOption, which has won the trust of its customers already in 3 continents after 5 years of work. The company conducts transparent and open activity so that clients’ funds on a mandatory basis are redirected to the appropriate suppliers’ accounts that cancel a conflict between the interests of the client and the company.

RoboOption combines a wide range of trading instruments and types of contracts, low thresholds and a large selection of both traditional payment systems with Visa and Mastercard, as well as common virtual payment systems (Skrill, NETELLER, WebMoney). In addition, the availability of a demo account makes it possible to check your trading strategy without investing personal funds.

Modern and functional service also provides a convenient trading platform. Through its easy and intuitive interface, traders of any level can begin trading with a minimum period of adaptation. Due to the fact that trade is conducted online, you have the opportunity to trade from anywhere, no matter where you are at the moment.

Finally, considering all the free educational materials at the RoboOption Educational center, this company is a good choice not only for professionals but also for the trading career beginners. While experienced traders can move immediately to active trading, the novices have an opportunity to get acquainted with the basics of binary options trading.

Take care, Michael

ForexTraderPortal.com