Opteck Adds Range Options
Opteck, a famous binary options broker, has just added range binary options to its service portfolio. With this addition, Opteck has one of the biggest selection of binary option types among binary option brokers on the market. Range binary options, however, are not yet enthusiastically received by most brokers on the market. For more information about Opteck, read Opteck Review.
How to Trade Range Binary Options at Opteck
It is very easy to trade range binary options at Opteck. On logging into the trading platform provided by Opteck, traders will be asked to pick the type of binary option they want to trade. Next, traders will pick the underlying asset, after which a panel showing the available binary options in the respective category will appear.
In the panel, there are fields that display the offered binary options bets as well as some useful information, including the payout rate of the available options and more. At the bottom of each field, there is the expiry time of the option.
At the very end of the trading platform, there is a huge graph showing the evolution of the underlying asset. At Opteck, trading boundary options is a little different from trading other types of binary options available. As for range options, the trade must be initiated on the actual graph that shows the evolution of the asset, not on the mini-panel at the top of the page that shows the chosen option.
On the whole, Opteck offers its traders an extremely user-friendly trading platform that provides a lot of interesting features to speed up traders’ actions considerably. The binary options trading platform that Opteck uses is the well-known MarketsPulse, which is famous for being one of the most user-friendly platforms on the market.
Payout Rates and Available Assets
At Opteck, all the available range binary options have the best payout rates: 100%. This also means when a trade is successful; the trader’s bet will be doubled. For example, if the trader has a successful $100 trade on a range option, he or she will receive $200.
At Opteck, unlike most other brokers who also offer range options, traders can trade range options with all the assets offered. This provides traders with a huge selection and enables them to focus on the asset which he or she prefers or has the most knowledge about.
What are Range Options?
Range binary options (or boundary binary options) are a peculiar kind of binary options that are attracting more and more attention from binary options brokers. In a range binary option, an underlying asset has an upper and lower limit, or “boundary”. The trader needs to predict whether the price/conversion rate of the underlying asset will remain between the two boundaries, or it will exceeds one of the boundaries over a certain period of time.
Range binary options are riskier than normal binary options. Because of the two boundaries, it is much more likely to have an incorrect bet. However, successful trades on this type of binary options reward more profits than other types.