ASIC-Regulated Market Punter Seeks Australian Market Share

BinaryOptionsNow | Published on November 13, 2012 at 2:49 pm

AnyOption review

BinaryOptionsNow – Market Punter is an Australian binary options broker providing quality binary options services to its clients. The company has a valid Australian Financial Services License that has been issued by the Australian Securities and Investments Commission (ASIC). The license allows the company to offer financial services including binary options. It also requires the venture to respect a set of rules related to fair trading and trader security.

Types of Binary Options

At this moment Market Punter only offers the most basic form of binary options which are Call and Put options. These options, however, are the most important types in the business and are preferred by the majority of online traders. This is because these are the simplest types of options and involve the lowest level of risk.

All the option types offered by Market Punter require a minimum amount per trade of $20. The maximum possible amount per trade is $2,500. Traders are also given the opportunity to buy the same option as many times they desire.

Assets Available

Market Punter provides a sizeable selection of assets. The broker offers a total number of 9 forex currency pairs, 6 commodities and 9 indices. The largest selection, on the other hand, is in regards to stocks. The broker offers the possibility to trade on 35 stocks including Google, Apple but also lesser known names such as VM Ware, China Mobile and others.

Platform and Usability

The binary options platform used by Market Punter is extremely easy to use and understand. The color schemes of the interface are really basic but extremely elegant. There are no flashy elements that could distract the attention of the trader.

Trading binary options on the market Punter platform is very easy. Traders will only have to select the underlying asset in order to be able to see all the options related to that asset. After this the trader will only have to select an option, decide on the money invested and choose either “Call” or “Put”.

Payouts

The overwhelming majority of binary options at Market Punter offer a payout rate of 85%. This rate is higher than the rates offered by most other binary options brokers. Still, there are brokers that do offer higher payouts but only in the case of more risky option types. Since these option types are missing at Market Punter, the 85% payout rate for the standard options available can be considered to be above average.

Likewise there are no commissions perceived on bets placed. In case the trader wins a bet, then the full payout will be added to his or her cashier without the broker charging any fees or commissions.

Deposits and Withdrawals

The broker offers traders the possibility to deposit money using credit card, debit card, Moneybookers and electronic funds transfer. Australian clients of the broker also have the opportunity to deposit money using POLi.

Deposits are processed by the broker within 3 to 5 days. This is a very good payout time in this business considering that other brokers sometimes even require as much as a week or more to process withdrawals. Withdrawals will only be processed if the receiving bank account is registered under the same name as the trader’s Market Punter trading account.

Customer Support

Market Punter can be contacted through live chat, email or telephone. Live chat is the most convenient form of communication for most online traders but to discuss sensitive issues we highly recommended traders to use the telephone support.

This is not because other support departments aren’t competent, it’s because it’s always easier and more efficient to clear up certain issues over the phone rather than writing back and forth on a screen. Naturally, the support personnel working at Market Punter is highly professional and always ready to help in every situation.

Click here to open an account at Market Punter!

 

GD Star Rating
loading...
GD Star Rating
loading...
ASIC-Regulated Market Punter Seeks Australian Market Share, 5.0 out of 5 based on 1 rating

Comments

Subscribe

Sign up for our Newsletter
IQoption banner
24option banner

Top Binary Options Brokers

91% Returns
in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
3 Types of Options
Free $500 Demo Account
15% Protected Returns
Most Advanced Trading Platform
88% Returns
Free 100% Trading Bonus
89% Returns
Free 100% Trading Bonus
24option banner

Binary Options Video