Some traders are looking for action, and in a market where timing and speed is essential, they want their broker to be as fast as they are. If you are one of these traders, look no further than 60 Options. The 60 Options broker specializes in fast trading and 60-second options, making it simple and easy to trade without anything else getting in the way. While the 60 Options online platform will not be right for every trader, speed traders will feel right at home.
Software and Features
The Cyprus-based 60Options.com binary options broker is powered by the superb SpotOption trading platform. There is no 60 Options download available, everything is done right in your browser’s window. As the site only offers relatively basic trading everything is presented easily and clearly, and there are very few things to get in your way. While expert traders will miss their charts, tools, and demo accounts, they will learn that 60 Options isn’t designed for them anyway, it is designed for speed. Deposits and withdrawals are possible through all major credit cards, and secured by advanced encryption.
Option Types Offered
At the time of our 60 Options review, there were a decent amount of options which could be traded. Along with 4 commodities, there were a couple dozen currency pairs, stocks, and major world indices available, each with the standard call and put options on offer. All of the assets at 60 Options can be traded with 60-second expiry times, making the trading fast and furious. There doesn’t seem to be much variety in payouts which hover around 70%. While that is a bit low on one hand, but on the other hand it makes speed trading much more manageable.
Account Types Offered
In addition to speed junkies, 60 Options is also perfect for traders on a budget as the minimum deposit amount is a mere $100, with the minimum trade a minuscule $5. There are no account levels as with other brokers; you simply quality for more in bonus money the more you deposit. The base 60 Options bonus is 30% for deposits of more than $250. Deposit more than $500 and you get a 50% bonus, while a $1,000 nets traders a $1,000 insurance bonus.
It’s impossible to make everyone happy, and 60 Options has made the conscious choice to cater to budget and speed traders. While the asset selection may bit a bit limited and the payouts smaller than at some sites, the ease of use of the platform and the speed trades can be made will delight traders who excel at being right in the thick of the trading action.