Many binary options brokers were created in the past couple of years, as the binary options market has grown and expanded. StartOptions.com actually preceded many of these, being founded in 2008. Option traders have given this website a reputation for clear and easy trading, true to the website’s slogan of “Trading the Market in Just One Click”. This, plus the very informative user interface, makes the trading experience here one of the best for beginners and intermediate option traders alike.
The following binary options can be traded on StartOptions:
The binary options available for trade are pretty limited compared to other websites, and the stock options, while unique, are pretty obscure when it comes to other common stocks for trade. Still, it has the basic forex options for trade.
Creating an Account
It’s pretty simple to create binary options trading account with StartOptions. As with most binary options brokers, it is free to create an account. There is one big obstacle, though – option traders from the United States, at this time, cannot register. (For a review of a binary broker that does accept US traders, click here).
The user interface is very important to the success of most binary options brokers, and this is where StartOptions really shines. Their user interface has tons of information, and makes it extremely simple to make a trade with a single click. What makes the user interface special is that it explains the process for beginners, and clearly features all the information you need to put your trade into action.
You can also change the way you view the trading area, from windows to a list format. The windows have easy-to-see graphics and charts for a more informed binary options trading experience.
StartOptions has one feature that is missing from a lot of brokers out there. It keeps track of what other traders are doing on various assets, and displays this information in the lower right-hand corner of the screen in the Sentiment window. For example, 58% of traders may be placing calls in select forex options, and 42% are placing puts in these options. This gives you another insight into trading strategy.
Payouts and Commissions
Payouts vary, ranging from 68% to 81% based on how much time is left in the option. The refund if you are out of the money is 10%. These rates aren’t the best in the industry, but the refund is around the industry average, and some of the options have higher payouts than 68%.
They do offer bonuses, including a 25% bonus on new deposits. They also offer promotional bonuses that can add quite a bit to your account for immediate trading.
A lot of people like StartOptions for the user interface, especially the ease of use, but the lack of adequate asset selection leaves some wanting more for their trading.