Alpari, the largest forex brokerage house in Russia, has included a new function to call/put binary options on the trading platform BinaryTrader, the broker said last week. The new feature allows for doubling the cost of an existing option, thus earning more. Traders who use the Above/Below function do not need to open a new deal in order to trade at the new price.
Lately, Alpari has been putting a strong emphasis on binary options. The broker included this type of trading in its offering in December 2015 and since then has been constantly introducing new features and solutions.
The broker offers four types of binary options trading via BinaryTrader – call/put, range, touch and spread options. In call/put options, traders make a prediction whether an instrument’s price would close below (put) or above (call) the open price, and in range options they guess whether the price would remain in a given price corridor (range) or leave it. In touch options, traders choose whether they would like to have a boundary placed at a price level above or below the current price, while in range options they choose whether the price would go up or down within a given range either above or below the current price. In all cases, if the investor’s prediction is correct, the profit could reach up to 100%.
Binary options accounts (alpari.binary) can be opened with Alpari in USD or EUR. There is no minimum deposit amount required for this type of account, while the payout rate could reach 100% of the investment.
Earlier this year, Alparo introduced 30-second short-term options for some of the most popular currency pairs and expanded its offering with binary options on shares, oil, and stock indices, in addition to the already available forex and spot metal instruments. Moreover, the broker included binary options traders to its cash back reward program.
Aside from binary options on the BinaryTrader, Alpari offers trading in forex, metals, and contracts for difference (CFDs) on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most widely-used forex platforms.
Alpari 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). The group 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.