If you visit www.traderush.com you will find a well designed and easy to use binary options trading platform. The site uses the Digital options platform which is becoming one of the most popular in the binary market place, although at present it is unable to accept US traders. The firm has its headquarters in Cyprus and complies with all CySEC guidelines. It can be contacted on 800 986 6318 or through a variety of other methods which can be accessed through the comprehensive website.
This broker works hard to provide a good level of customer service and a range of trading options; including the fast paced one minute trades. Anyone can start trading by opening an account and placing a minimum deposit of $200. The only real flaw which has been noted on this broker is that the process of withdrawing money can be a little slow. This does not make the firm a scam, simply a company that needs to improve one area of their service.
The aforementioned minimum deposit is comparable with the deposits required by other brokers and means that almost anyone can afford to start trading. The initial funds can be added to your account via wire payment, MasterCard, Visa, AMEX or even MoneyBookers; to name just a few options. It is important to note that the minimum deposit amount for wire transfers is $500. The deposit process is fast and within a few moments you can be ready to place your first trade. The minimum amount required to trade is $10; so even your basic first deposit will get you twenty trades.
Alongside this there are a range of bonuses available to all traders. It is not always possible to know when a bonus is going to be offered although there is always a refer a friend bonus payable once your friend has created their account, added funds and placed their first trade. It is important to check the terms and conditions regarding bonuses, you will almost certainly need to trade thirty times the volume of any bonus before being able to access your funds.
There are two important sides to choosing any trade; after you have chosen the price direction and the value you wish to place on a trade. These are the type of trade; you can choose from the standard higher price or lower price, or even the price touching a specific point, or not touching it! Trades can be as short as sixty seconds or run through to the end of the day. The average return on a trade varies between the high sixties and the low eighties and it is even possible to regain some funds on an unsuccessful trade.
It is also important to choose the type of asset you wish to trade in. There are four main types of assets:
Commodities – The usual favorites of oil, gold, silver and platinum are possible as well as coffee, sugar, wheat, corn and even cotton.
Currencies – these are always popular with binary traders, especially the major currencies such as USD, EUR, GBP JPY, AUD, CAD and even RUB; or any mixture of these currencies.
Stocks – the list of possible stocks is large but includes several well known global businesses, such as Nike, Apple, Google, Microsoft and even Amazon.
Indices – Trading against or on the market can take a little more practice but is often worthwhile. You can choose to trade on the S&P future, Straits Times, Nasdaq Future, Dubai, Kuwait, Qatar, ASX, DAX or even the FTSE 100.
The minimum amount of funds required to place a sixty second trade is just $5; meaning that anyone can have a go and learn without losing a fortune.