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Russian-based forex broker Alpari said on Tuesday it has introduced 30-second binary options trading for EUR/USD, GBP/USD, and USD/JPY, which are some of the most popular currency pairs.
Traders using the newly-added type of fast binary options can earn a profit of up to 65% in just 30 seconds. Previously, the shortest binary options available with Alpari were for 60 seconds.
In binary options trading, investors guess whether the price of a certain instrument, in this case currencies, would go upwards or downwards within a pre-determined time frame. Once the time is up, the option is deemed expired and the bet is settled. Depending on the outcome, a trader either collects a profit, or loses money.
Binary options trading has been vastly gaining popularity both among traders and brokers. It is among the fastest growing investment segments. Due to its simple nature, fast execution, and the fact that it does not require deep knowledge, binary options trading is perfect for novice traders without much experience.
Alpari has been shifting its focus towards binary options more and more in the recent months. Earlier this month, the broker expanded its binary options trading portfolio with shares of international companies, oil, and stock indices, including S&P, Nikkei 225 and FTSE 100. Binary options trading is also available for forex and spot metals.
The broker launched in December 2015 alpari.binary, a type of trading account specifically for binary options trading.They can be opened and funded in US dollars (USD) or Euro (EUR). More details about the trading conditions of the alpari.binary account follow:
Alpari, set up in 1998, is headquartered in Russia and has offices in Saint Vincent and the Grenadines, Mauritius, and the UAE. The group consists of Alpari-Broker (Russia), Alpari Ltd (Saint Vincent and the Grenadines), Alpari International Ltd (Mauritius), Alpari Ltd (Belize), ), and Alpari Forex (Russia). Alpari used to operate a UK-regulated branch, which went insolvent in January 2015 after it faced exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse.
The group companies are registered with and regulated by the relevant authorities in Belize and Saint Vincent and the Grenadines.The broker has also applied through Alpari Forex for a license in Russia.
Source: Alpari