The famous Russian online broker that recently reach the 1 million trader milestone just launched a new binary option trading service for its clients around the world. The binary option trading service will be implemented from its Mauritius-based subsidiary Alpari International Limited for regulatory issues. Alpari International Limited (Company Number119470 C1/GBL, Global Business License C113012295) is licensed by the Financial Services Commission, the Mauritius financial regulator as an Investment Dealer. The UK subsidiary of the Broker, Alpari UK Limited is also authorized by the Financial Conduct Authority under reference number 448002. If you are already trading forex or CFD via your Alpari account, you will need to sign a new contract in order to give authority on your deposit to the mentioned subsidiary.
The binary option trading service will be launched on November 12th 2015 following strong interest from retail traders that have been pushing for the addition of binary options to Alpari’s portfolio of available instruments over the last months. It opens a new chapter for Alpari that will thus enter the competitive binary option trading industry but it also represents a positive step for binary options that keep on gaining recognition from the best worldwide brokers.
Alpari proposes multiple binary option types
Alpari UK developed its own binary options trading platform, BinaryTrader, in order to monitor all the aspects of the traders’ experience and be able to improve it over time. The new platform proposes multiple binary option types: High / Low binary options, One touch binary options, Range binary options and Spread binary options. All these binary options have an expiry time ranging from 1 minute to 24 hours with variable payouts according to the type of instrument traded and the expiry time. For example, a 24-hour high / low option on EUR/USD will generate a payout of 100%, which is quite high for the industry.
Alpari binary options – Trading conditions
We haven’t been able to test the new Alpari offer yet. According to our information, a minimum deposit of 100 USD will be required to access the binary options trading platform. With a minimum trade size of 5 USD, Alpari will be able to compete with the best brokers in the industry but the platform will only offer 19 underlying assets for the time being (17 forex pairs, gold and silver). The platform will also include some advanced trading tools such as an early closure functionality that will generate a 50% payout if the option is IN-THE-MONEY. The BinaryTrader platform in itself seems quite intuitive and user friendly but also seems to lack advanced trading tools such as technical indicators, an option builder or a position watchlist. One interesting feature is the ability to simulate a trade directly from the Alpari website without even having to register. It is like a free demo account valid for one trade so that you can check what you register for before you deposit money. This is a great initiative from Alpari and we could only recommend other brokers to do the same.
A positive news for the binary option industry
As explain in our introduction, we strongly believe that this represents a positive development for the binary option trading industry as more and more respected brokers join the movement and make this financial instrument more popular and reliable. We would avoid Alpari for the moment and wait for additional traders’ feedback as new offering often need further fixings. If you are looking for an alternative to buy binary options, don’t hesitate to have a look at our detailed reviews of the most reliable brokers in Europe. They are all considered the best binary option brokers on their field (24option for option types, Anyoption for number of assets, Interactive Option for client support….)
You can also visit the Alpari’s webiste for more information here : http://alpari.com/