Launched in the beginning of 2014, Base2Trade is a UK binary options broker, registered in Anguilla, the British West Indies. The broker’s enterprise is powered by the O-systems engine, and although a new player on the binary options space they manage to stand out with some interesting differences from the rest of the pack.
Base2Trade’s asset list is rather extensive. From all the major currency pairs, even more currency crosses and even more stocks than the world’s leading indices. No asset list is complete without commodities – gold, crude oil, sugar, you name it, it’s there.
It has to be noted however, that the trading framework (i.e. choosing assets, option types, chart and placing orders) is somewhat simplistic, even cumbersome. This is never a good combination since it implies a bad design and can lead to frustration and affect trading, especially for those with a slower internet connection.
The color scheme also doesn’t seem to be well defined, too many colors are present on the screen and they don’t fit in well with the dark grey background, adding a bit of confusion at times.
NEXT BLOCK SOFIA 2.0 + Fabulous Blockchain After-PartyGo to article >>
On the bright, and probably more important side, Base2Trade offers its traders not only a wide array of assets for trading, but both short (although a bit overlooked) and long-term options that will add flexibility to any portfolio.
From turbo options that will expire in 60 seconds to longer term options that can expire at the end of any workday, but no later than the same date next year. For example, if a trader chooses to place an order on the 25th of May 2015, which is a Monday, he can then pick any expiration date, like the 1st of June, a week later or the 8th of October or even the 25th of May, 2016. This can prove very useful for traders who keep an eye on the economic calendar, and for example, if they want to avoid a certain quarterly earnings report. Payouts for these digital options are between 77% and 80%.
The broker also offers the Auto Trading and the Social Trading features. Auto Trading allows placing orders automatically on predefined parameters like time and investment. Although it could prove useful, it is highly recommended to be tested first. This however, could be difficult since Base2Trade does not offer demo accounts. Option payouts for auto trading are the lowest at 65%. Social Trading will allow traders to see and copy other traders’ positions. Although this feature has gained a lot of popularity among novice traders, it does not guarantee profits. Payouts here are 80%.
Depending on the deposited amount, there are 4 types of accounts available. Bronze for deposits from $250 to $999, silver for deposits from $1,000 to $4,999 and gold for deposits from $5,000 up to $25,000. The Black account is reserved for those who want to contact their account manager. Video tutorials, e-books and even “1 on 1” sessions, as they call them, are available for knowledge hungry traders. Unlike some of its competitors, Base2Trade has this box ticked.
Overall, Base2Trade provides an interesting twist with its custom long-term options. With its Auto Trading and Social Trading features however, the broker seems to offset the emphasis toward the newer and cooler trading tools and keeps the standard binary options trading a bit underdeveloped and on the side.