The company, which until recently offered solutions only for trading forex, metals and CFD futures, is entering the binary options segment by developing a new web-based environment for those interested in what they call the “quickest and easiest way” for beginners to start off in the markets.
The current number of instruments is around 30, focusing on the major currencies and the main commodities gold, silver and oil. Indices also have a separate tab, but are not active at the moment. All instruments are available across the option types, offering an easy way to pick and choose whatever type suits the moment or preference of traders.
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In terms of the option types themselves, the platform is well diversified and offers high/low options, as well as one-touch, range and so-called “options on demand.” The latter is a combined name for what is more popularly known as short-term or “turbo” options. Here they have one, five and 10 minute options with respective payouts of 50%, 55% and 60%.
Existing clients using the Classic and Pro accounts will have to create separate ones for their binary trading. All new traders interested solely in binary options just need to create a new account for the binary platform.
Demo accounts are also available for anyone who prefers to trade risk free and learn the functionalities of the platform. With this, FX Choice will not only be looking to attract traders who are interested solely in binary options, but also others who might use it as a springboard for learning other ways of trading or others who are looking for ways to diversify their portfolio.