Alpari also adds CFDs on MT4, and a ‘Nano’ MT4 account with no minimum deposit.
Forex broker Alpari has formally launched Binary Options trading for clients. Binary options at Alpari will run on the MarketsPulse platform, and will formally be run through an agent agreement with a third party company called Binary Products Limited.
Alpari will actually offer four types of binaries:
- High / Low – Traders makes a prediction about where the market will be at expiry compared to the current price: up (“Call”) or down (“Put”).
- Quick Options – Expire faster than other option types. Much like with High / Low Options, trader decides whether the market will be up (“Call”) or down (“Put”) at expiry.
- One Touch – Trader chooses whether to have a boundary placed at a price level above (“Call”) or below (“Put”) the current price. If the market price reaches this boundary level before expiry, trader can profit.
- Range High / Low – Trader chooses whether the price will be up (“Call”) or down (“Put”) at expiry. A highlighted range will appear either above or below the current price. If the market price ends up within this range at expiry, trader can profit.
In addition to Binary Options, Alpari announced that its standard MT4 account will also gain access to CFDs on commodities, indexes, ETFs and stocks listed on NASDAQ and the NYSE.
For the complete Alpari press release click here.