Social Trading Broker Updates; New Tools, Lower Deposits

RSI, MA and Bollinger Band(tm) Strategy Adviser Tools For Binary Options

A new feature is now available on select few SpotOption based brokers. This is strategy adviser tool that provides short term analysis of a given asset based the RSI indicator, Moving Averages or Bollinger Bands. The tool quickly scans the chart and provides simple put/call recommendations. These can be used as signals but require a little confirmation at least. One thing I have tried is to use all three tools to see if they agree, sometimes they do, sometimes they don’t. Generally is only two are in agreement I would take that as a weak signal, if all three agreed that would be a strong signal. The tool is interesting to say the least but perhaps not something social traders need to waste their time on, after all, it’s only analyzing the crappy little charts you get from SpotOption. You can check out this trading tool at BKTrading.

HyOptions Lowers Their Minimum Deposit

HyOptions is a CySEC regulated broker with a growing reputation for its adherence to regulation, transparency and desire to operate in the long term. The broker has some really good features that make it a decent choice for EU traders. First, they have lowered their minimum deposit to only $100. This isn’t super low, but it’s pretty low, and goes well with the minimum trade size of $5. Another feature is the bonus policy which allows for withdrawal of profits after reaching only 50% of the minimum trade volume. It’s also one of the most complete brokers out there, it supports CFD and spot forex trading too.

The Geek Review Of HYOptions

EmpireOption Simulator and Withdrawal Terms

EmpireOption is a broker I have liked for quite some time. It is located in Uruguay and under limited regulation in the Uruguay Free Trade Zone. Built on the SpotOption platform is one of the fullest and most versatile binary options brokers on the planet. Features indlude iFollow copy trading as well as signals and the Binary Simulator is a feature available to preferred account holders and predicts the affects of bullish or bearish news on a given asset.

One of the biggest criticisms EmpireOption recieves is about its account and withdrawal policy. The broker has the strictest withdrawal conditions of any binary options broker but there is a reason. Unlike other brokers which require you to deposit your way to higher account status Empire will let you trade your way there. They encourage traders to build up their accounts by granting elevated account status as your account grows to each level. To be eligible for the next level your account must be above the minimum for at least 30 days. Benefits include faster withdrawals, larger withdrawals, lower trade minimums and enhanced returns.

Basic accounts, minimum deposit of $250, have restrictions like 10 waiting period between request for withdrawal and receipt of money, maximum withdrawal amount of $500 per month and a minimum number of required operations (trades) of 20. The minimum trade size is $25, a little high for a $250 balance, but not insurmountable. As your balance goes up to $1,000, $5,000, $10,000 and more benefits include 1 day withdrawals directly to a Skrill or Neteller account, maximum withdrawal amounts of up to $40,000 per month and only 5 minimum operations… pretty sweet.