Binary options broker World Forex said on Monday it has introduced US and European options for the MetaTrader 4 (MT4) trading platform, becoming one of few companies to offer binary options via MT4.
The broker has introduced a new type of binary option, called 0-100, where traders either lose 100% of their investment or win double that. This option type requires a lower win rate for traders to stay profitable in the long-term, since investors get marginal gains if they win some 51-55% of the bets, compared to 60-70% if they trade other binary offers. This type also has an expiry time of 60 minutes, which means there’s chance for profit each hour.
For trading binary options of US or European types via the MT4, clients of World Forex can open an account in USD, EUR, RUR, or UAH. They can bet on products with an expiry time of 1 minute to 7 days and get up to 100% profit on their investment for US options and up to 85% for European options. Early closing of an order is not possible for Europtions, but for American options traders can close early and pay a 40% commission fee.
American options differ from European ones in that they allow to change the lifetime of the option, while European options have fixed lifetime, meaning they cannot be closed early.
MT4 is available both as a desktop and mobile application, and, since September 2015, as a web version. It is the worlds’ most widely-used trading platform.
In binary options, traders bet on whether the price of a certain instrument would go upwards of downwards within a pre-determined time frame. Once that time frame is over, the option is deemed expired and the bet is settled. The binary options segment is among the fastest growing in the finance industry, mainly because it is simpler, easier, and more convenient than traditional trading.
Other brokers that offer binary options trading via MT4 include Australian-registered Core Liquidity Markets and Direct FX, and New Zealand-based NoaFX, among others.
World Forex was set up in the British Virgin Islands and operates on the international forex markets.
Source: Market Leader