Do not invest more money than you can afford to lose.
London-based trading products and services provider Technozone Solution UK said last week it has launched a new brand for derivatives trading called UltraTrade. The new brand is focused on binary options, but also offers trading in forex and precious metals.
The brand, which was launched in late-2015, provides its services via the website www.ultratrade.com.
UltaTrade claims on its website to be regulated, but does not provide any relevant information, unless a link to the homepage of the website of the Cyprus Securities and Exchange Commission (CySEC). Our research could not confirm UltaTrade holds a license by the CySEC. According to Technozone Solution’s statement, however, the broker is regulated in Belize.
According to its website, UltaTrade offers different types of binary options trading, including long-term trading, 60-second trades, ladder trading and one-touch trading. Clients can choose between three types of trading accounts: In addition, UltaTrade also offers its own trading platform and an iFollow feature, which is a type of social trading where investors follow more successful traders
“UltraTrade was developed to provide a clear, easy to understand Binary Options Broker alternative in an industry laced with less than stellar Online Trading Providers. Being a licensed broker, we are the choice for investors who want to trade the right way, in a safe, secure and regulated trading platform,” said Rebecca Saunders, UltraTrade’s director.
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 and easy execution, and the fact that it does not require deep knowledge, binary options trading is perfect for novice traders without much experience.
Source: Technozone Solution (UK)