GOptions is a very interesting binary options broker that offers some unique features that only very few other providers can compete with.
GOptions claims to take great pride in providing a wide array of assets and a robust trading platform. As we have seen, the provided assets live up to GOptions lofty promise. Fortunately, the trading platform provides some unique features that make it a great to use tool, too.
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The most outstanding and unique feature of GOptions is the possibility to trade asset pairs. If you can predict that one asset will move stronger into one direction than another asset, you can use GOptions’ pair trading to benefit from this prediction. This kind of trading requires you to have a broader understanding of the market, which is the natural way for many investors to think about assets. If you are one of these investors, you can benefit from your natural instinct. Pair trading adds a very interesting layer to binary options trading.
Most brokers do not allow you to manage your binary option. Once you have invested, you are therefore in their hands and have no possibility to adjust your investment to changing market conditions. For many traders, this is the number one reason why they avoid binary options.
GOptions has eliminated this problem with binary options: They offer you a number of options for you to adjust your trade after it started:
1) Buy me out: GOptions buy me out feature allows you to close a trade before the expiration time has arrived. While using this option will reduce your payout, it is a unique way to use stop loss / take profit techniques with binary options.
2) Rollover: With rollover you can extend your trade to the next expiration time. If the movement you invested in takes longer to develop than you anticipated or if a correction made the market run against you, you can use this feature to let your option expire at a better time for you.
3) Double up: If your trade is looking good, for example if a touch option is about to hit the target price, you can use the double up feature to profit even more from your successful trade.
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Types of options
With GOptions you can invest in all common option types plus some unique new option types. GOptions offers you:
- High / low options
- Touch / no touch options
- Boundary options
- 60 seconds options (called “turbo options”)
- Pair options.
At GOptions you can trade 60 second options for as little as $5 per trade. Especially newcomers to binary options with a small bankroll and little risk tolerance will find this feature helpful. Since 60 seconds options require very liquid assets, GOptions trimmed the selection of assets you can trade with 60 seconds options to big currency pairs, gold, and the RTS future.
Did you know that there are more than 400 operators in the binary options market?
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GOptions offers a wide array of assets to invest in. You can choose from American, British, Russian, Japanese and Indian stocks of big companies (such as Apple, British Petroleum, Gazprom, and Nissan), all big currency pairs (such as the Euro vs. the US Dollar) and some smaller currency pairs involving the US Dollar (for example the US Dollar vs. the South African Rand). You can invest in all relevant commodities, from gold, silver, and oil to coffee, sugar, and wheat. Furthermore, GOptions offers all relevant indices such as the German DAX, the French CAC, the American S&P 500 and NASDAQ, the Russian RTS, the Saudi Tadawul, and many, many more.
To open an account, you simply have to fill out the registration form in GOptions’ homepage. After you have deposited some money on your account, you are ready to trade. You can easily deposit money by using your credit card and deposit either in USD, CAD, GBP, AUD or EUR. If you have your credit card ready, you can start trading within a few minutes.
GOptions also offers a mobile app for Apple and Android. If you own a mobile, tablet, or any other device with app support, you can start trading on the go and everywhere you are. The possibility to make money while you are on the bus, stuck in a traffic jam or a boring meeting, is a nice feature by GOptions.