The TradEqual software is web based as are all modern trading platforms. The interface is very simple to use. On the right is the price chart. On the left side is the list of assets. Controls are in the middle enabling a nice overview of the whole process. To see all trades made so far, all trader needs to do is to scroll a bit down if they have a narrow screen and the list is at the bottom of the trading window. For now, traders can enjoy high/low trades, but soon there will be more trade types added.
The TradeEqual platform will look familiar to those that have traded binary options before. It includes all the well-known elements of popular software solutions, however, in this case, the software is Proprietary. The Put and Call buttons are used to start a trade. If the trader is just buying an option, all she needs to input in the system is the amount willing to invest.
In case the trader is ready to write an option, this means selecting the asset, the direction, and the amount that is to be paid out to the other side of the trade (to the other trader buying the option). In this case, we found it a bit confusing, since writing an option means also defining your own profit and payout rate. In that case, it looks as if it was inverse to what we were accustomed to. However, it is easy to get the idea how it works. During the TradEqual review, we mostly used wrote our own options and offered them since it felt as a natural way to connect the trading process with the technical analysis. You can learn more about technical and fundamental analysis in our academy.
In any case, after one analyzes the market, for example, one sees EURUSD increasing in next half hour after conducting a trend analysis, it is simple to write such option:
- Setting “Call” for the upward direction
- choosing the payout ratio – specifying the risk you are ready to take with, showing
- confidence for your prediction
- setting own profit
- pressing “Write button”
Payouts are exceptional with TradEqual. With some classic binary options, one can get up to 200%, while the upper bound is 700%. The best part is that the trader who writes the option sets the risk himself, and the other person, the buyer, will not accept it unless the payout-risk levels are seen as acceptable. TradEqual does not offer “fixed return options”, however, they offer the fairest way of binary trading on the market.
At the moment, TradEqual doesn’t provide the mobile app, but we’ve been told to expect it in the near future.