In order to differentiate themselves from the horde of similar binary options brokers out there today, Foxwood Options chose to focus on what really drives traders: cash. Although the trading platform and website features at Foxwoodoptions.com are pretty standard, by offering high returns, risk-free trades, and an incredibly large Foxwood Option bonus, they have created a brokerage that rewards traders financially for their business and their loyalty.
Software and Features
The Foxwood Options broker platform is powered by the award-winning SpotOption software which is well-known and trusted by veteran traders and newbies alike. It would be nice to see a demo account, however that has been replaced by Foxwood’s tutorial and training system. This amazing system provides each new trader with a personalized guide of the platform and of binary options trading itself. Other website features include up-to-date market analyses and an economic calendar. It is possible to access customer support through live chat any time of day or over the phone during local business hours.
Option Types Offered
Although the Foxwoodoptions.com homepage states that they support more than 250 assets 24/7, at the time of our Foxwood Options review only around 65 underlying currencies, commodities, stocks, and indices were offered. However, these could be traded in myriad different ways, including through call/put options, 60-second options, one-touch options, and through pairs trading. Likewise, the well-known SpotOption option builder and the meta trading platform allowing for rollover, sell early, and double up options are supported. In-the-money profits max out at a very high 85% while out-of-the-money options have a 10% refund.
Account Types Offered
There are no set FoxwoodOptions account levels based on initial deposits as with other brokers. Instead, new customers are offered differing levels of benefits based on their trading history and initial deposit amount. One of the main attractions is that all new trader qualify for a Foxwood Options bonus, which can reach as high as $10,000! New account holders, especially those wishing to deposit larger amounts, should contact a customer service representative when creating their account in order to make sure they can claim the largest bonus and other benefits such as risk-free trades. Banking is secured by SSL encryption and can be done through credit cards, wire transfers, and selected e-wallets.
The software and options offered at Foxwoodoptions.com are pretty standard, but it’s the high payouts and enormous bonus that attract new traders to them every single day. At the end of the day, trading binary options is all about making money, and Foxwood Options does its best to make sure that its traders have the best chance to reap huge profits.