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ETX Binary Review

ETX Binary Platform

Binary Options Trading with ETX Capital

Binary options is becoming an increasing popular trading style and ETX Capital is one of the most trusted and established brands in the trading industry that provide the service. From one-touch options to long and short positions, there are a wealth of choices available for traders interested in binary options.

ETX Binary Platform Features

Binary option formats:

  • High/Low
  • Short options
  • One touch
  • Spread High/Low
  • 60 seconds up to 1 month
  • Trade all the major markets
  • Stakes from as low as $15 up to $2,000
  • Payouts from 65% up to 100%

Click here to start trading binary options with ETX Binary today.

ETX Binary Options Markets

ETX Capital understands the fact that all traders have personal preferences and trading styles so they offer a wide range of instruments to suit all traders. With ETX you can trade binary options with all four of the major financial markets including:

  • Forex
  • Indices
  • Commodities
  • Stocks

Flexible Entry Levels

There are many different types of traders. Some may only focus upon one-off day trades while others could instead be interested in larger levels. Therefore, ETX Binary provides entry levels between $15 dollars to $2,000 dollars (or the equivalent in euros and pounds). Lower levels can help to minimise the inherent risks involved while larger sums are ideal for professionals.

Binary Trading Platforms

Any binary trade is only as efficient as the platform which is utilised. This is the primary reason why ETX Capital presents the client with a number of unique options. In particular, ETX Binary is specifically designed to be used within this sector. Some of the features which have served to define this system include (but are not necessarily limited to):

  • Trades as long as one month and as short as 60 seconds.
  • The inclusion of currency pairs (Forex positions).
  • Customisable formats.
  • Intuitive software.

These features will enable both novices and institutional traders alike to capitalise on even the most discrete of movements. The minimum deposit required to open up a binary trading account is $100 dollars (the equivalent in pounds and euros).

ETX Binary Mobile Platform

Thanks to proprietary software, traders can now access these very same features through the use of a smartphone or a tablet. Both Android and iOS operating systems are currently supported. This will help any individual to enjoy a competitive edge and due to the fact that binary positions can change within a short period of time, keeping abreast of the latest movements while out and about is critical.

The Interactive Edge

All charts and graphs on the ETX Binary platform are intuitive while providing real-time displays of details such as the position of open trades, the time left before the trade expires and the current price. This enables clients to make educated decisions when they are required the most. Please keep in mind that other platforms such as TraderPro and Meta Trader 4 are likewise available when one registers for an account.

Binary trading is not without its risks and regardless of the platforms offered, any account should only be activated after the client appreciates the hazards involved and has a significant amount of spare capital to allocate into a specific position.

ETX Capital also provide a wide variety of other trading services you can see in our review of ETX Capital.

ETX Capital Bonuses and Promotions (2016)

ETX Capital bonus & promotions 2016

The Bonuses

The promotions and bonuses available from ETX Capital in 2016 are some of the best available for traders. Currently ETX offer two great bonuses which are:

  • £20 no deposit bonus
  • First deposit bonus up to £3,750
  • A great thing about the ETX promotions is that you can claim both the offers instead of just choosing one. If you want to claim the bonuses now just click here: ETX Capital Bonuses T&Cs Apply.

    ETX Capital

    Founded in 2002, ETX Capital is one of the premiere electronic trading platforms available in today’s marketplace. This online broker offers numerous trading tools such as Meta Trader 4, streaming news feeds, a platform compatible with mobile devices and advanced trading signals. Amenable leverages, low minimum deposits and numerous payment methods round out the functionality of this site. Another benefit is that there are some interesting bonuses and promotions available to clients. If you want to take a closer look at some of these options in greater detail read our highly rated review of ETX Capital.

    First-Time Bonuses When Signing Up

    In order to entice new investors to join ETX Capital, there is a sizeable sign-up bonus. Users will receive no less than $20 dollars when signing up. This $20 dollars will be made available within two trading days. Please note that no deposit is required and these funds can be used towards executing an active position. In addition, first-time depositors who activate an account with $100 dollars will receive an additional matched $100 dollars towards their account. It should be pointed out that ten trades must take place within the first 60 calendar days and the bonuses themselves are required to remain within an account for 60 days. Should any funds (including profits) be withdrawn during this time, the registration bonuses will be waived.

    Incremental Bonus Opportunities

    Much like many other firms, the bonuses awarded for first-time entrants will differ depending upon the amount of money placed towards an account. This is represented in the form of a percentage. As the size of the deposit increases, the proportion rewarded in return likewise rises. The current promotions are as follows:

    • $100 – $999 dollars: $100 dollars.
    • $1,000 – $14,999 dollars: 25 per cent of the deposited amount.
    • $15,000 and more: $3,750 dollars.

    While these bonuses are listed in dollars, they are also applicable to both pounds and euros. It should be mentioned that no two bonuses can be combined with one another (excluding the no-deposit bonus of $20 dollars). Additionally, the client will need to open up a fully authorised trading account with a minimum of $100 dollars. Those who trade with euros or pounds will likewise need to deposit this numerical minimum. Should an account reach a value of zero, none of these registration bonuses will apply.

    Instruments to Claim Bonuses

    There are several ways to enjoy these first-time bonuses. Clients can place trades within a number of sectors including:

    • Forex (currency) pairs.
    • Commodities.
    • Indices.
    • Contracts for difference (CFDs)

    However, micro CFDs are NOT included within this current bonus package.

    Withdrawal Promotions

    As of the time that this article was written, ETX Capital is also offering an interesting reward in terms of withdrawals. Users are able to withdraw any amount that exceeds $100 dollars (or the equivalent in euros and pounds) without any type of transaction fee. Up to five withdrawals are allowed per month.

    These are some of the bonuses that are currently offered by ETX Capital. Please note that these promotions can change from time to time. Additionally, any form of online trading carries its own risks and investors should only open an active position after they are well aware of the principles involved.

    ETX Capital Demo Account Review (Updated 2016)

    ETX Capital Demo Account Sign Up Screen

    In this ETX Capital demo account review we uncover everything you need to know about the ETX platform from the sign up process to placing your first trade.

    Our initial thoughts on the ETX Capital demo account is.

    • Quick and simple sign up
    • Easy to use modern platform
    • Simple to customise to suit your own preferences
    • Instantly access relevant charting information

    To start practicing and trading with the ETX Capital demo account simply click here: ETX Capital demo account. Alternatively if you want to know more about ETX Capital, take a look at our full review of ETX Capital which also includes a video overview of the broker.

    Overview of the ETX Capital Demo Account

    It is popular option for traders to utilise a demonstration account before committing to a specific platform. ETX Capital offers this opportunity; a great choice for those who may be unfamiliar with how their platform functions.

    Sign Up
    The registration process is simple and some basic information is first required. These fields must be addressed:

  • First and last name.
  • Valid phone number (for future contact).
  • Functional email address.
  • Once these details are provided, the applicant will be immediately taken to the main demonstration account page. Please note that Adobe Flash Player needs to be installed in order to display all information correctly. Important to note that the demo account works on both Mac and PC.

    Page Layout

    One of the advantages of the platform offered by ETX Capital is that it is extremely intuitive and clean. From the default layout here are several features worth mentioning here. First, a drop-down menu of the most popular assets are listed on the left-hand side of the main page. These include:

    Commodities
    Indices
    Equities
    Forex positions
    Bonds and interest rates

    ETX Capital Demo Account - Popular Markets

    There is also a watch list which enables the trader to follow specific instruments the trader is currently involved in or potentially would like to trade. Cash balances, open/closed positions, reserved margins and available trading funds are all displayed along the top of this screen as well.

    The bottom portion of the main screen displays all currently open positions in a top-down fashion. Alerts, balances, transactions, trade history and open positions are clearly illustrated here and with the click of a button, each can be examined in more detail. These can be opened up in a separate window for streamlined interfacing.

    Platforms Available

    We should note here that with a demonstration account, the client only has access to the TraderPro software offered by ETX Capital. This is a proprietary framework which is preferred by many individuals. However, there is also the possibility of upgrading to the popular Meta Trader 4 system or a binary options alternative. Both of these will require the deposit of funds. Although the amount of money deposited will vary, the trader still has the advantage of enjoying a first-time bonus as well as a registration bonus (explained within the website).

    Assets and Allotted Demonstration Funds

    When a demonstration account is first opened with ETX Capital, the trader will be provided with €10,000 euros (or the monetary equivalent) of funds. These can then be used to immediately open positions within the aforementioned sectors. There are numerous unique assets to choose from. While these can be broken down into areas such as commodities, indices and equities, a drop-down menu within each category provides further options. Examples here can include major or minor European indices, country-specific equities, commodities such as metals or energy, short-term bond interest rates and CFD positions. With any of these options, the bid and the ask prices are displayed in real time. There is also a search bar which enables the user to quickly pull up a specific asset or trading position.

    Funds can always be added to this demonstration account and once the initially allotted funds have been exhausted, it is necessary for the client to upgrade to a live position in order to continue trading.

    Open a demo account with ETX Capital today.

    Spread betting vs Binary Options: What’s the Difference?

    The Differences Between Spread Betting and Binary Options Trading.

    Unsure which is right for you spread betting or Binary options?, we break down what are the pros and cons of each so you can make an informed decision to which is right for you.

    spread betting vs binary options

    What Is Spread Betting?

    Spread Betting, often referred to as a form of financial derivatives trading, is an efficient way of doing speculation on the price movement of a wide variety of global financial products which include shares, indices, currency pairs, treasuries and commodities.
    With this form of trading, unlike the normal way of doing trade, you neither buy nor sell the underlying asset instead you place a bet on the basis on whether the price of the product is expected to increase or decrease in value. For instance, if you expect the value of a commodity to increase, you buy a share while if you expect the value of the commodity to decrease, you sell the share.

    An important terminology when talking about spread betting is stake. When you spread bet, you either buy or sell a commodity in accordance with the movement of the commodity, for instance, £6 per point. The implication of this is that for every point of the price of the commodity that moves in your favour, you gain multiples of your stake X the number of points the share price moves in your favour. Alternatively, you lose multiples of your stake size for each point the share moves against you. Something noteworthy in spread betting is that losses can sometimes exceed the deposits you make.
    The spread is another important terminology in spread betting. A spread is a difference in the buying price and the selling price of a commodity. A tight spread implies that the spread you pay is less and the implication is that the cost of trading is lower.

    Margin and leverage is important to understanding when choosing to spread bet. Spread betting being a financially leveraged commodity means that all you need to do is deposit a smaller percentage of the total value of a spread to open a position, the amount is determined by the broker – often called a trade on margin. Leveraged trading enables you to magnify your returns but it can also magnify your losses because the margins are based on the full value of the position of the spread and therefore, you could lose more than your deposit.

    Spread Betting Pros

    One might wonder why to engage in spread betting on the financial market. Well, spread betting has a couple of advantages.
    • You have the ability to sell or buy a commodity. If you suppose the value of a product will increase over the coming days, you can buy the product. On the other hand, if you think the value of a product will decrease, you can sell the product. Therefore, you can protect yourself from incurring losses.
    • You have the ability to trade on a leverage. The implication of this is that you deposit a small percentage of the total value of the trade to ably open your position in the market. Therefore, it is cost effective as often the returns exceed the deposits- that is if you make a good prediction.
    • Another benefit is that you can do trade on varied platforms; global share markets, currency pairs, indices and commodities.

    Spread Betting Cons

    As much as spread betting has a lot of pros, there are also disadvantages involved in this form of trade.
    • When trading with leverage, profits can be maximised however the downside is that losses will also be magnified.
    • Because profits made with spread betting are tax-free in the UK, losses are not tax deductible.
    • You do not own the assets that you are betting on thus you do not benefit as much from them.

    Top Spread Betting Brokers

    1. ETX Capital

    ETX Capital have a wide choice of platform available that are designed specifically for traders. ETX Capital are one of the longest established spread betting providers in the UK and with their experience they provide access to an extensive library of trading resources and tools. ETX offer some of the tightest spreads available and a large variety of instruments to trade from currencies, stocks, indices, commodities, options and more.

    For more information on ETX Capital, read our full review of ETX here.

    2. Core Spreads

    With two great platforms which give access to a variety of markets, you can carry out trades easily with Core Spreads and their user friendly spread betting platform.

    3. CMC Markets

    With this trading platform, you have access to a variety of markets with competitive prices.

    Visit our spread betting comparison page to compare the top spread betting brokers.

    What is Binary Options trading?

    Binary options refer to a type of contract where the payout is dependent on the result of a proposition entered into. The payout has only two possible outcomes; a fixed monetary amount of a predefined unit of an asset or nothing at all. The binary option contrasts with the other financial options which the payoff has a continuous spectrum.

    The main types of a binary option are either the asset or nothing binary option or the cash or nothing binary option. As an option holder, once you acquire a binary option you have no further decision as pertains the outcome of the option because they exercise automatically. In addition, a binary option limits the holder from selling or purchasing an asset. On expiry of a binary option, the holder will receive a predefined amount of money or nothing at all depending on the outcome of the option.
    If you are looking into investing in binary options, you need to confirm that the offer and sale of the asset on binary options platform is registered. With the registration, you will have access to vital information about the terms of the commodity on offer.

    Binary Options Pros

    • Binary options platforms are online trading platforms thus providing traders with the option of doing trade anywhere in the world as all one needs is a PC or a mobile phone.
    • There are a wide variety of binary options on the market therefore, you can adapt your strategy to suit the market conditions.
    • With binary options, you know the amount of risk to expect if your option does not go as you foresaw – losses do not exceed your deposits.

    Binary Options Cons

    However, binary options like all rewarding investments, also have some disadvantages;
    • Binary options have a high turnover. With the fast paced environment the potential for profit and losses is high. This means that binary options is better suited for those with bigger deposits to trade in binary options.
    • Binary options is a short term trading strategy as the positions on trades can close within 60 seconds and last up to 30 days.
    • Binary options, being new in the trading industry, suffers from the fewer assets to trade in compared to spread betting.

    Top Binary Options Platforms.

    1. ETX Capital – Binary

    With ETX Capital, you get the trust and security that comes with a long established and Financial Conduct Regulated broker. ETX Capital are not only a top rated spread betting broker, but also a popular choice for Binary options. They have a good variety of binary options from high/low, one touch, short term and longer term trading options.

    2. 10Trade

    Established in 2014, 10Trade is a relative new comer to the binary options industry and are quickly becoming a top choice platform with their high payouts and user friendly interface.

    3. 24Option

    24Options are one of the most popular binary options platform available today, they also have a user friendly interface and offer a variety of different trading options to suit most traders.

    image credit:kenteegardin

    Top 5 Regulated Binary Options Brokers

    Binary options trading involves the practice of placing a call on whether the price of an asset will go up or down. Unlike more traditional trading, you don’t own the underlying assets and the specific value of the asset is not important. It’s a relatively newer form of trading, so it’s important that you stick to trusted, regulated binary options brokers.

    Trust

    Here is our list of the top 5 regulated binary options brokers you can trust.

    1. IG

    IG are part of the IG Group Holdings PLC, a FTSE 250 company. This means you know you’re trading with an established, well financed, reputable company when you choose to trade with them. They have a mobile app, so you can trade while you’re on the go and they also allow for demo accounts, so you can test the waters if you’re not yet entirely comfortable with putting up real money. Their payout is 96%, which is among the highest in the industry and means that you’re getting maximum value from any successful trades that you make. All in all IGis a great choice for a registered binary options broker.

    2. Markets.com

    Markets.com offers similar services to IG such as a mobile app and demo account, but they don’t have the same pedigree of backing as IG. Not every company has to have the backing of a FTSE 250 company to be reputable or successful though, and they make up for this by offering a sign up bonus that IG does not. Markets.com offer a £25 no deposit required sign up bonus, which means that you can begin trading straight away with real money at no cost to you. With a payout rate of 95%, they’re one of the best in the industry and it’s technically possible to make money with them without putting up any of your own capital.

    3. IQ Option

    IQ Option is by far the easiest broker to use if you’re just dipping your toes into binary options trading and want to get a feel for it but don’t want to commit too much of your money up front. IQ Option is 3rd on this list because it has a minimum deposit of £10, while nearly every other competitor requires a minimum deposit of £100. They’re not top of the list because their payout rate is slightly lower than others at 85%, but IQ Option are a great way to get started without having to commit a large sum of money in the form of a deposit.

    4. eToro

    Perhaps one of the better known contenders in the industry, eToro is a solid binary options broker. eToro pegs itself as a ‘social investment network’. The idea behind them is that you copy the trades of the top traders on eToro. This means it’s sort of like having a trading account that is managed for you – if you think you’ve found someone you believe makes financially sensible trades, then you can set eToro to copy their trades so that every time they make money, you make money. Conversely you lose money when they lose money too, of course. This is lower down the list because you’re essentially putting your money in another person’s hands, which might not be for everyone.

    If you would like to learn more about eToro, you can read our detailed review and case study of eToro here.

    5. 24Option

    24Option is a great broker with a solid reputation and all the bells and whistles you’d expect, like a demo account and mobile app. Payout is generous too at 91% and they regularly run promotions alongside their usual offers. The reason they’re low down this list is not because they’re bad, by any means. 24Option has some of the highest barriers to entry on this list – namely they require a minimum deposit of £250 vs the average minimum deposit of £100, and their minimum trade amount is £24 while everyone else on the list has a minimum trade amount of £1. Nevertheless they’re a good option if you are willing to put up with the higher entry costs.

    disclaimer
    There you have it, above are our top 5 regulated binary options brokers. There’s no lack of choice when it comes to binary options brokers, but each one has its own advantages and disadvantages. Your capital is at risk when trading, so always make sure you stick with a regulated broker and be aware of the risks involved when conducting these types of financial transactions.

    Image credit: Vicente Villamón