TraderXP offers a complete range of binary options from a single source, which is not necessarily the case with other brokers. An Option Builder for creating your own binary options is included as well as a Double Up function (profit when double tapping a price limit) or the One Touch trading. Of course, there are also the classic Call/Put and Range functions. An account can be opened with $200. The lowest trade is $25, the highest $1500.
The list of tradable assets is comparably good with 82 values but is not critical to success. This has already been commented on elsewhere: traders who simultaneously trade a dozen values are already among the top class. Most private traders limit themselves to two to four values and many trade two to three currency pairs for years only on the Dax or in the forex sector (and generate nice profits with these). Of course a broker advertises with the list of its assets and individual values, but this truly plays the smallest role. Therefore, in broker reviews, the assets should be mentioned in terms of their number and type, but the editors point out that they consider the scope of the traded values as less than essential. TraderXP selects the tradable values on the major world markets, which means that the share trading hours – for example for Apple or Google - do not have to coincide with the German market hours.
In addition, some markets such as commodities and currencies are always open, namely to midnight on Fridays and starting at 12:00 am on Mondays. The ability to trade these is one of the great advantages of most binary options brokers. Most of the traditional German brokers close the trade at the latest on weekdays at 10:00 pm and open direct trade between trader and issuer at 08:00 am at the earliest on weekdays. This is a constant source of annoyance in the conventional trade sector, because currencies or commodities naturally undergo a lively trade that provides a number of signals before the opening of the German stock exchange. The classic CFDs and Knock-outs or option warrants from German issuers, however, are best traded on weekdays from 08:00 am to 10:00 pm, and exchange stops (stop losses as a key feature) are possible only from 09:00 am to 8:00 pm. This alone could be a reason for experienced traders to give binary options a try. In its Asset Index, TraderXP indicates which values can be traded and when.
The assets on TraderXP are important stocks such as Apple, Coca-Cola, Google, Microsoft, Rolls Royce, BAE Systems, Sberbank, GAZPROM, Nike, HSBC Holdings, Tata Motors, France Telecom, Reuters, TESCO, Amazon, Fiat and Hitachi, to name only a few among the represented who's who. Fifteen currency pairs include the major currencies such as euro/dollar, cable (USD/British pound), and the Australian dollar against other currencies including, of course, the Japanese yen and the Egyptian pound – an exotic currency in the forex sector and certainly an interesting one since 2012 - and, for example, the Turkish lira. Among the commodities, the precious metals gold, platinum and silver can be traded and oil, wheat and coffee are included as well. TraderXP describes assets or individual values in brief for investors. Last but not least, the major indices DAX, Dow Jones, S&P, Ibex, CAC or NIFTY can be traded.
Between 65 to 75 percent profit is paid. In the case of loss, TraderXP pays between 0-10 percent. As a bonus program TraderXP offers one-thirtieth of the trading volume, in which case – as with other brokers as well – the minimum turnover of the initial $200 deposit must be assumed.
In addition, TraderXP recently added Pair Trading to its program. Pairs are trades of two values of the same class against each other, for example shares. A kind of head-to-head race, and very exciting.