The FXCL forex broker announced it is expanding its offering by adding the web-based binary options trading platform Binarystation. Besides the live trading account, the new platform offers practice trading with a demo account with $10 000 in it.
The broker’s clients can choose between four types of binary options:
Binary Call/Put Option: prediction on whether the asset will close above or below the current price at the time of expiry.
One Touch Option: prediction on whether the price of the asset will reach the certain boundary above or below the current price at the time of expiry.
Spread Option: prediction on whether the price of the asset will close above or below the price, provided by the platform at the time of expiry.
Range Option: prediction on whether the price of the asset will stay within the given range or will leave it at the time of expiry.
The FXCL clients can set up USD Mini, ECN Interbank or ECN plus accounts or use their existing forex trading accounts with the broker. Once they log in, they can find the button for trading binaries.
FXCL offers trading in forex and binary options through five types of accounts. The minimum deposit is $1 and the leverage is up to 1:500. FXCL is a brand of FXCL Markets Ltd. (a part of the FX Clearing Group Holding). It is regulated by the International Financial Services Commission of Belize.
