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Forex Options Brokers

Forex Options Brokers – Choose The Right Platform

The foreign exchange market or forex provides investors with an opportunity to trade options as well. Options offer increased opportunities for traders in the currencies market to limit their risk and thereby optimize profits. In addition, forex options provide a number of trading as well as risk management strategies when compared with that offered by spot trading. This is because it is possible to customize strategies for changes that occur in volatility, bear, bull and ranging market conditions.

Forex options are derivatives which give traders the right (not the obligation) for trading a currency pair asset at an exchange rate that is pre-determined for a specific expiry time. Thus, forex options protect the traders from currency movements that are unfavorable, preserving the potential of making profits when favorable price moves occur.

Trading in forex options is gaining in popularity. However, forex binary options are more popular among retail investors as the access is better because of the availability of online brokers and the distinct advantages that they offer. In this article, we will look at the advantages and then the currency assets offered by some of the recommended binary forex options brokers.

Limited risk

In the binary options market, the payout for both successful and unsuccessful trades is known in advance. The maximum amount that an investor can lose is the amount invested on a particular trade. Depending on the broker that the investor the broker is working with, he/she may even get a payout of up to 15% for unsuccessful trades.

Benefits of Forex and Binary Markets

The foreign exchange market is the biggest financial market with a daily turnover of US$4 trillion. The traders who are conversant with currency assets can continue to trade forex binary options with predetermined high profit payouts. The profits offered by binary options brokers vary from 65 percent to 90 percent which is much higher compared to traditional forex trades.

High Liquidity

The forex market is the most liquid financial market and the binary options are short-term contracts with expiration times of one minute, fifteen minutes, one hour, one day or one week. This means that traders don’t have to wait for days and months to see money in their accounts.

Multiple Trades

In the forex binary options market, traders can execute multiple trades in a day as the expiration times are very short.

Having understood the advantages of binary forex options, it is important to work with a reputed broker for the trader to achieve success.

The currency pairs that the six forex options brokers that we recommend are as follows:

Broker Bonus Review Visit
1 24option 24option Up to 100% Review Visit »
2 OptionsXO OptionsXO Up to 100% Review Visit »
3 TradeRush TradeRush Up To $5,000 Review Visit »
4 Vantage FX Vantage FX Coming Soon Review Visit »
5 EmpireOption EmpireOption Up to 40% Review Visit »
6 Anyoption Anyoption Up to 20% Review Visit »

24option (www.24option.com)

Founded: 2010
Minimum deposit: $250
Payout for in-the-money option expiry: up to 89%
Instruments offered for trading: High/Low, One Touch, Boundary and 60 Seconds
Forex binary assets offered for trading: USD/EUR, USD/GBP, EUR/JPY, GBP/JPY, USD/JPY, GBP/EUR, USD/AUD, USD/CAD, EUR/TRY, USD/CHF and USD/TRY

TradeRush (www.traderush.com)

Founded: 2011
Minimum deposit: $200
Payout for in-the-money option expiry: up to 81%
Instruments offered for trading: High/Low, Option Builder, OptionPro, One Touch and 60 Seconds
Forex binary assets offered for trading: NZD/USD, GBP/CHF, CAD/JPY, AUD/JPY, GBP/JPY, USD/ZAR, USD/SGD, AUD/USD, USD/CHF, USD/RUB, USD/BRL, USD/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD and EUR/USD

OptionsXO (www.optionsxo.com)

Founded: 2012
Minimum deposit: $25
Payout for in-the-money option expiry: up to 89%
Instruments offered for trading: High/Low, Above/Below, One Touch, Boundary and 60 Seconds
Forex binary assets offered for trading: EUR/USD, GBP/USD,AUD/USD, USD/CAD, USD/CHF, USD/JPY, EUR/JPY, GBP/JPY, EUR/GBP, EUR/CHF, EUR/CAD, CAD/JPY, USD/TRY, EUR/TRY, USD/NOK and EUR/NOK

Anyoption (www.anyoption.com)

Founded: 2008
Minimum deposit: $100
Payout for in-the-money option expiry: up to 71%
Instruments offered for trading: Up/Down, Option+ and One Touch
Forex binary assets offered for trading: AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CHF and USD/JPY

TradeSmarter (www.tradesmarter.com)

Founded: 2008
Minimum deposit: $250
Payout for in-the-money option expiry: up to 85%
Instruments offered for trading: High/Low
Forex binary assets offered for trading: EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/CHF, GBP/JPY, AUD/USD, EUR/GBP and EUR/JPY

iOption (www.ioption.com)

Founded: 2008
Minimum deposit: $250
Payout for in-the-money option expiry: up to 90%
Instruments offered for trading: Up/Down, One Touch, Options Builder and 60 Seconds
Forex binary assets offered for trading: AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CHF/JPY, EUR/AUD, EUR/GBP, EUR/JPY, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/INR, USD/JPY, USD/RUB, USD/SGD, USD/TRY and USD/ZAR

January 17, 2013: posted in Binary Options Education 1 Comment

One Response to “Forex Options Brokers”

  1. Jack says:

    from what I got on 24option forex binary options is exactly the same as forex. the only different thing is the number of possibilities you can get there

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