GO Markets Latest Broker to Launch Binary Options, Taps TradeToolsFX for Technology

This is different from other types of trading where you can sell off your purchased shares at any time you want, but it is a fact of options trading that you cannot get around.

It assumes that the trend the trader has observed in relation to particular commodities or assets will continue for the foreseeable future. 

With some of the leading Binary Options providers growing at a decent rate, it appears that Binary Options providers are ready to start directly competing with the already established Forex brokerages.

How do Binaries Work? 

GO Markets is an online brokerage firm that offers forex and CFD trading services. Recently, they have also added binary options on their range of supported markets.

The amount on the demo account is virtual and cannot be used for real trading. The maximum amount of virtual funds available is 25, which is more than enough to experience binary trading. In order to use a demo account, the trader has to fill registration form with basic information. Demo account expires after 30 days.

During promotion time, traders who manage to fill all requested steps can win cash prizes or additional trading money. This practice is somewhat unusual among European brokers but is always a better option than offering bonus under unbelievable conditions.

Upgrade your account as you get more experienced, enjoy both manual and automated trading, demo mode, as well as the hottest assets and the best customer support. Considering that this broker is offering various types of financial trading, it is understandable they chose a platform that supports all types of trading.

During Core Liquidity Markets review FBO noticed that the broker offers mobile platform as well, that can be used on tablets and smartphones. The website itself is well designed and easy to navigate. The decision highlighted the fact that the broker was now in fully compliant with CIF Cypriot Investment Firm regulations. In an announcement made on the 20th of November , the regulator had announced that WGM Services license had been suspended, due suspected breaches violations of Cypriot security laws.

At the time the Binary Options brokerage was given 15 days to comply with the decision. This has led to the island becoming a hub for Binary Options brokerages who wish to gain a regulatory license which adds credibility to their brand s and allows them to offer their services to those residing within the European Economic Area.

This is due to the fact that European law allows for investment services firms regulated in one European Economic Area jurisdiction to offer their services to those based anywhere else within the economic area.

In fact in a number of jurisdictions around the world, Binary Options are seen as a form of gambling and are regulated accordingly. Cyprus still however remains the number one destination for Binary Option companies looking to gain regulatory approval and the extra credibility which comes with it. Our friends at the most respectable forex site in the world forex peace army have rated this cmopany EZTrader. These kinds of online Binary Options have been widely criticized, as it became clear that the products were generally skewed heavily in favor of the house.

Another problem regarding Options as offered by these online platform providers, is that for the majority of their history they have operated completely unregulated.

Initially, a number of European financial regulators came out with statements saying that Binary Options were not under the remit of MiFID as they were strictly speaking not financial instruments. CySEC who initially released such a statement became the first European regulatory authority to regulate Binary Options. This led to White Label platform provider SpotOption to become the first company to be regulated on the basis of offering Binary Options.

Soon after SafeCap Investments Ltd. However many firms still operate completely unregulated often operating from offshore centers such as Belize and British Virgin Islands. This has left a sour taste in the mouths of some traders who have felt mistreated by some of the unregulated providers still operating in the market place.

In early the European Commission ruled that Binary Options did fall under the definition of a financial instrument as laid out by MiFID, meaning that Binary Option providers looking to operate within the European Union would be required to gain financial regulation.

However regulators have been slow to act and there are still plenty of Binary Option providers operating illegally within the European Union. It thus seems that something is finally being done about rogue operators within the Binary Options world, though questions still remain regarding whether is product worth using with many feeling Binary Options are inferior to both Contracts for Difference and financial spread bets.

Comparing Gambling to Binary Options Since they emerged on the trading scene back in , over-the-counter Binary Options in the form offered by well known brands such as 24Options and Banc De Binary have received a lot of attention. Binary Options also received a significant amount of criticism as a product with many stating that these so called Options were no more than fixed odd financial bets in disguise. Unlike with other forms of financial trading, Binary Option brokers can only turn a profit if the majority of those betting on a particular market lose.

Binary Option brokers price the Options using a formula which monitors the amount of money placed on a particular market and calculates odds which should see the brokerage turn a profit regardless of the outcome. This model is very similar to the one used by traditional bookmakers when they take bets on sports. When taking bets on a football game a bookmaker, will initially price the market in way in which they profit regardless of the outcome of the game.

If a lot of money is placed on one particular outcome the bookmaker adjusts the odds to partially cover their risk. The business model used by Binary Option brokers is remarkably similar to the one used by traditional bookmakers and it is no surprise that Binary Options are often considered a form of gambling. Another reason why Binary Options are often considered a form of gambling is that the company offering these options, always prices the options in a way which gives them a distinct advantage.

One other reason is commonly cited to why Binary Options should be considered a form of gambling. The majority of Binary brokers primarily offer very short term Options, with many trades lasting no more than a minute. Some insist that Binary Options can be differentiated from gambling and should be considered a form of financial trading.

For one it is the opinion of the European Commission that Binary Options are in-fact a financial instrument as defined in the Markets in Financial Instruments Directive. Despite the opinion the European commission, only two European countries have classified Binary Options as being a financial instrument. It is true that the decision by Cyprus and Malta to regulate the Binary industry did give the product more legitimacy in the eyes of many. There also people that prey on the grand bonuses offered by Binary Options brokers, similarly to casino bonus hunters who abuse the large welcome bonus some casinos offer.

Conclusion Binary Option brokers operate in a way similar to bookmakers, making profit only when the majority of their customers lose money. This combined with the fact that Binary Option providers have a significant edge over their customers has led many to compare Binary trading with gambling.

It does certainly seem that Binary Options are comparable to gambling in a significant number of ways and it is for this reason they have received a lot of criticism as trading instrument. Comparing Binary Options and Forex Since their launch in off-exchange traded Binary options have grown massively in popularity, while the take up of their exchanged traded counterparts has been much slower. The phenomenal growth of the Binary industry has been fuelled by aggressive marketing focusing on the ease of Binary Options trading and how traders can make impressive returns within the space of a minute.

Some have suggested that Binary options may slowly erode the dominance of Spot Forex trading. In this article we are going to take a look at some of the pros and cons of both Binary Options and Spot Forex as financial instruments.

Binary Options Pros Easy to understand: Binary Options are very easy to trade. Traders simply find the instrument they want to trade and then make a decision regarding whether the price of the instrument is going to rise or fall over the selected time period. Cons Poorly regulated industry: Currently only Malta and Cyprus regulate Binary Options as financial instruments.

Odds Stacked In the houses favour: Anyone with trading experience will tell you that this is extremely difficult. Firms Profit off client loses: This is not the case with Forex brokers that do not operate dealing desks, meaning that interest of the client and brokerage are perfectly aligned.

While there are still numerous brokerages that operate completely unregulated in many jurisdictions Spot Forex is heavily regulated.

Those who do their research will be able to choose between a range of highly regulated and reputable brokerages. Client and Brokerage Interests Better Aligned: This means STP and ECN brokerages ultimately want clients to profit to ensure they continue to receive trading volume.

Even Market Makers can profit from successful clients if they do everything correctly from a risk management and hedging point of view. Traders can take advantage of significant amounts of leverage.

This allows traders to take on much bigger positions than they would otherwise be able too. This can help traders maximise potential profits though leverage can also work against a trader. Cons Complex compared to Binary Options: Spot Forex trading is much more complicated and those new to financial trading will face a steep learning curve. This is a significant barrier to entry to many who want to simply make money from financial markets without taking the time to learn the ins and outs of trading.

Just remember to trade during the main market hours and only during times of high liquidity. Each of our strategies includes information showing the win-rate and ROI per system. All results were calculated by backtesting the binary strategies across a range of time-frames and charts.

These win-rates also assume you know how to choose and avoid consolidated markets, major news releases and out-of-hour markets. For example, we recommend only trading during high liquidity hours UK and NYC market hours and avoid major news releases and consolidating markets. Why Should you Trust this Course? Most of our users genuinely appreciate the time and effort we have made in teaching them how to trade, as opposed to aggressive promoting unscrupulous trading systems or auto-bots.

Remember that our site and courses have already been featured on other financial sites including Equities. How Can I Contact you for Feedback?

 

A Brief Introduction To MarketsWorld Binary Options Trading 

GO Markets are therefore exposed to the outcome of your binary trade. Unlike other types of options (such as exchange traded options), Binaries do not give the trader the right to purchase or sell an underlying asset.

With Go Markets, you can use the MetaTrader4 (MT4) Forex trading platform. This is one of the more popular trading platforms in the world because it is straightforward to use and has effective EAs. EAs are Expert Advisers who help to automate your trading strategy. Go Markets uses the Genesis version of the MT4 trading/5(5). Sep 05,  · Go Markets is one of the premier binary options brokers operating in the Australian financial market. Since its foundation in , GO Markets has constantly thrived to offer state of the art financial products for enthusiastic simpsons-online.tk: Asif Imtiaz. 

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GO Markets became the latest retail forex broker to begin to launch binary options trading to its clients. Soft launched to some clients last month, the product has been fully rolled out to their customer base today. GO Markets only accepts Binary Options’ order instructions via the electronic trading platform and will not accept order instructions via any other means. You are required to access the electronic trading platform on a daily basis to confirm that any order instructions have in fact.

Binary options let traders profit from price fluctuations in multiple global markets but it's important to understand the risks and rewards of these controversial and often-misunderstood financial. Australia's original MT4 Forex Broker offering Forex, Indices, Commodities & Binary Options on MetaTrader 4 & 5. GO Markets Australia Demo & Live Accounts Avail.

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