BinaryOptionsNow - TradeRush is one of the newest online binary options brokers on the market (Click here for the full review) and they have decided to offer something completely new to the world of digital options trading in order to keep it interesting: 60 second binary options.
Most standard binary options have expiry times of between 30 minutes and one hour from another. By that I mean, brokers offers a EUR/USD binary option, for example, with expiry times of 1 PM and 1:30 PM for you to choose from.
TradeRush decided to change all of that and allow people to invest in options with expiry times of 60 seconds following the execution of the trade. As you can imagine, this completely changes the concept of binary option expiry times. There is no longer a need to wait for long periods of time watching the underlying asset’s progress before expiry.
Here’s how it works: TradeRush gives you the possibility of choosing your asset from among a list of forex pairs, commodities, stocks and indices and choosing your investment amount. You can start with a trade of as little as $10. Once you’re ready, you click on “Start” and the short journey begins. 60 seconds later you either collect your return or your loss is debited from your account balance.
It’s easy to see how this type of option may be closer to gambling than anything else. However, when used correctly, in a breakout perhaps, it may also provide an effective tool for profiting from the markets in various circumstances.
No matter what you think of it, TradeRush is definitely worth a look. They offer some of the highest returns available on one touch options (700%) and have some pretty good offers for new depositing traders.