Trading Arena is a site that deals with binary options. Trading Arena binary options trading is a unique situation with two possible outcomes of payoffs. Trading Arena has three account types. They are, Standard, Premium and Infinity.
1. How does it work?
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Binary options have a fixed return on the onset of the trade. The user or trader needs to just correctly predict the direction of the price movement; if he thinks it will rise, he can execute a "Call" option, and if he thinks it will fall, he can execute a "Put" option. The most popular types of binary options offered here are Classical Binaries, One Touch, Boundary/Range options and Pair options.
The first type is the simplest with the trader just having to determine if the prices are going up or down. The One Touch type has the traders determine if the prices will "touch" the strike price by the expiration date of the option. The Range option has upper and lower boundaries set so that the traders have to say whether the price will remain in the bracket or not. In the last type, the trader trades one underlying asset against another underlying asset of the same class. Then he/she determines which asset will perform better when compared.
Trading with binary options has a few advantages over other forms of investment as the traders just have to focus on making up or down choices. Also, the return on binaries are fixed and hence the risk or reward ratio is known before hand making risks quantifiable. Brokers are also able to cover a large range of markets giving the traders many underlying assets to trade. There are some disadvantages to this method too in the form of traders standing a chance to lose more than he/she can make from a trade. There is no oversight on the activities of binary brokers operating from areas other than the Eurozone and the US. That can be a key disadvantage to your trading. With binaries however, as compared to other forms of investment, the risk is capped to only what has been invested.
2. What about bonuses?
Trading Arena welcome bonus respectively for each account types are 30% up to £/$/€250, 50% up to £/$/€500 and 50% up to £/$/€2,500. Each account has a minimum deposit of £/$/€100, £/$/€1,000 and £/$/€10,000 respectively. Promotion code Trading Arena is there on the second page of the registration form. Although, the best part is that You don’t need no Trading Arena promotion code 2020 to get the bonus!
3. Is the website easy to use?
The site has a learning centre also which provides you with topics such as Trading Arena Academy, Economic Calendar, Asset Index, Expiry Rates and FAQ (Frequently Asked Questions). The Academy teaches users the basic skills required for binary options trading. Or traders possessing basic skills can learn advanced strategies to improve their knowledge and experience. Binary options tips in are also provided in the form of an e-book along with a few videos. One on one personalized training is also offered by Trading Arena.
Trading Arena ensures a safe guarantee for your funds. A minimum deposit of $100 is needed to start trading. They do not charge you for making a deposit but your payment provider may. Withdrawal is also an easy process. As they are a regulated broker, withdrawals are enabled within 48 hours. The same payment method should be used for the initial deposit as well as the withdrawals.
3.1 What about Customer Security?
Issues or queries can be easily addressed to the team as contact details of their global headquarters are provided under the contact tab. Also, email id's for various areas of issues such as customer support, marketing, trading desk, etc. are provided along with numbers for free calls to areas like Cyprus, France, Germany and UK. It is registered by the Cypriot financial regulatory agency CySEC. CySEC is responsible for granting operating licenses to brokers; regulating Cypriot Investment Firms (CIFs); and ensuring that the regulated firms under its supervision uphold a high level of best practice. You should also read the Risk Disclosure properly before investing since trading can be very speculative and risky. They have provided every detail under various sub headings for easier understanding.
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