BinaryOptionsNow – GFT, a leading global forex broker, has recently announced that they are now offering binary spread betting and binary CFDs (Contracts for Differences) as financial instruments for their clients to invest in.
This makes GFT the second major broker to offer binary trading as a part of its product line to help investors make money faster after SaxoBank, which launched its own binary option product earlier this year.
Binary Spread Betting and CFDs
Binary CFDs and binary spread betting makes trading much more exciting because of its fast-paced nature. The trading process is simplified by being able to make yes or no decisions on whether or not a specific event is going to occur to the value of a specific underlying asset, such as a the EUR/USD exchange rate. If a trader speculates correctly, a payout is generated. If the speculation is incorrect, the trade’s investment amount is forfeited.
Binaries are easily integrated into individual investment strategies, which is why GFT is now making binary CFDs and spread betting available to its clients.
Features of Binary Trading
GFT offers clients five types of binary investments, which include: the one-touch binary, the up/down binary, the ladder binary, the either-or-touch binary, and the double touch binary; each type of binary investment has different payout conditions. Individuals can enter and exit binaries as many times as they like. Each market has a different last dealing time.
Other features include:
• The ability to set a default order size.
• GFT also provides tools and guidance to calculate binary margin.
• Stop and/or limit orders are easy to place. Stop or limit orders can be attached to parent orders and it is possible to leave stop or limit orders.
The GFT Binary Platform
To make binary CFDs and binary spread betting easier for individuals of all skill levels, GFT offers an easy-to-use binary platform. The platform is very user friendly and gives clients up to 6,000 binary trades to consider on a daily basis. The five option types are also very accessible to help make the right decisions when making a guess on how the value of an asset is going to evolve.
Overall, the spreads are competitive and the execution is fast and the platform is quite intuitive. This move from a major international forex broker toward binary investments seems to indicate that the financial instrument is gaining ground among retail investors.
GFT is regulated by the majority of financial regulatory bodies around the world including the CFTC (US), NFA (US), FSA (UK), and ASIC (Australia). It’s unclear at this point if the binary product will be available to US traders, although it seems unlikely.