Starting to invest in binary options can seem daunting; luckily there are brokers out there such as StartOptions which make trading easy for new traders. Although veteran expert traders will likely find the simplicity and small amount of options at StartOptions.com boring, new traders will love how easy it is to learn how to trade and turn a profit from binary options trading.
Software and Features
The trading platform used by StartOptions online broker is powered by software from TradeSmarter, which is designed to cater to beginner traders. It is so incredibly easy to use so that within a few minutes, new traders will be able to trade options like a pro. More experienced traders will probably find the lack of different option types and features inconvenient, but StartOptions isn’t really designed for them. For newbies, the chance to use a demo account, along with the larger than average educational center is an excellent addition to the trading platform. 12 languages are supported on StartOptions.com, with customer support available over the phone and via live chat.
Option Types Offered
One area where StartOptions suffers is in its relatively small amount of possible options. Their count of 43 underlying stocks, indices, commodities, and currencies is fairly average in the industry. However, during our StartOptions review it was disappointing to find that there were very few option types supported. Only call and put trades were possible with a few different expiry times; while one-touch and range options were completely absent. On the plus side, payouts are quite high on the options which are offered, with profits reaching as much as 90% and losing trades refunding as much as 10%.
Account Types Offered
Although the minimum deposit of $250 in order to get the Starter account is not ideal for new traders, at least it comes with a generous 25% StartOptions bonus when you make your first deposit. For traders that are looking to put more than $1,000 accounts, there is the Standard account which has a higher bonus as well as trade insurance. At $2,500 traders qualify for a Premium account which carries a 50% along with personalized trading features. Banking is quite flexible, with deposits and withdrawals possible through credit cards, wire transfers, and e-wallets.
For people looking to make their start in the binary option market, there are not very many better brokers than StartOptions. They make trading easy for the beginner, while still offering plenty of ways to turn a profit and create successful traders. Once a trader masters the art of options trading, he or she may want to move on to another broker, but for those just starting out, StartOptions is a great option.