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Trading binary options can be a very interesting endeavor, since it involves knowing the market and operating an easy to use trading interface. The idea is to predict the way market will change in the future. TradingArena presents a way to do all of this. This regulated binary options broker offers all services traders may need, especially when it comes to additional trading and risk management tools.
We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!
There are three account types with TradingArena. The minimum deposit for the Standard account starts with $200 and ends with min deposit requirement of $10,000. Other features are presented below in the TradingArena review.
Bonus conditions with TradingArena are standard, meaning they oblige the same rules as other brokers – require turnover for withdrawal, do not count initial deposit, losses are deducted from deposit, winnings are attributed to bonus money. The minimum turnover requirement is 40x. In order to withdraw profits from bonus trading, turnover of 10x is required.
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There are several binary options types available for trading as we learnt during the TradingArena review. This is a good thing since some traders require somewhat different approach to their portfolio management and trading needs.
With TradingArena, available binary options are
High/low option – the traditional binary option type everyone loves
OneTouch – the high yield, riskier binary option type that requires traders to set the predicted price to a level that price must touch until the expiry time. These binary options can get customers up to 250% profit.
ProOption is a way to design one own trading rules by directly setting up some of the important parameters of trading. Traders can set the risk-reward tradeoff to the level that suits them. With ProOption traders also get more advanced charting and analysis tools.
Turbo Options – or as we call them 60 seconds options, are also present. TradingArena supports expiry times of 60, 90 and 120 seconds.
Touch-NoTouch are also featured for traders who prefer this kind of band trading. The idea is for traders to figure out price levels the asset may touch or not touch, instead of the direction of the asset.
TradingArena also has a series of risk management tools that everyone knows well:
With TradingArena, there is an average asset list – 12 forex pairs, 17 stocks, 8 commodities and 16 indices. Other tools we discovered during the TradingArena review were the list of market indicators and Economic Calendar.
If you want to trade with an Automated Trading Robot, we recommended using FX Master Bot
With TradingArena, customers have usual channels of communication at their disposal : Phone, Live Chat and e-mail. FAQ on the website is well structured, however, not as informative as one would expect. Some things are presented ad definitions while much more useful would be to have a concrete numbers – like in the case of the minimum and maximum trade.
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TradingArena is a CySEC regulated binary options broker, meaning they have to abide some certain set of rules. They have segregated accounts and Investor compensation fund. Minimum deposit with TradingArena is $100.
Accepted methods of payment are: Visa, Diners Club, MasterCard, Delta, Bank Transfer, Webmoney, Skrill, Neteller.
The withdrawal processing time required in case everything was done right, is only 48hours – so 2 days. As always, time it takes for the money to get on the account depends on the banking/ payments system you are using. Usually up to 7 days.
We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!
