Grand Capital, a Seychelles-based forex, CFD and binary options broker said it is eliminating the division between European- and American-style binary options. According to the statement, the broker will continue to offer the latter, because they are more popular and profitable.
Grand Capital lists the following advantages of the American-style options:
- Payouts up to 86%;
- Early closure with a possibility of return up to 40%;
- 44 trading instruments;
- Trading on all terminals: МТ4, web terminal, iPhone trading app; (which was released in April)
“The need to distinguish between the styles of options vanished since we had raised the maximum payout for American options to 86% and thus equalized the payout percentage for the both option types”, said Elena Berestovaya, Grand Capital Head of Marketing. “Now all clients will trade only with the highest-paying options with a possibility of early closure. We hope that this change will allow for higher profits and a better risk management. Moreover, it prevents unnecessary confusion and problems of choice, since we have made the choice ourselves and picked the best offering.”
Grand Capital notes that those who trade European-style options have to close all their trades and change their account type before June 14, 23:59 UTC (GMT) +3). If a client fails to do so, the account type will be changed automatically when there are no open trades on the account.
In addition to binary options, the broker offers trading in forex, CFDs on stocks, gold, oil, lumber and forex. Its clients can sign up for five types of trading accounts, starting with a minimum deposit of $10 and leverage of up to 1:2000 for the Swap Free type of account. The trading platform is MetaTrader 4. There are also affiliate programs, a free demo trading account, economic calendar and analytical articles.
Currently Grand Capital has offices in Russia, Ukraine, Kazakhstan, Georgia, South Africa, Germany, Portugal, Indonesia, Philippines, India and Netherlands.