FURTHER FEEDBACK ON CLOSEOPTION BINARY OPTIONS
Well, I’ve been hammering away at CloseOption Forex binaries,
and I must say how extremely impressed I am at their apparent
fairness. Using the most precise tick feed I can get, from
Dukascopy and comparing it side by side to CloseOption’s
pricing, it is just amazingly well done.
The unbelievable precision and fairness of their execution is way
beyond what I expected. So, even at the micro-scalping level,
they definitely exceed expectations.
Now, they do execute in a browser, and so you need to pick
your browser carefully. I found that Chrome introduced some
unwanted delays, so I’ve just been using Firefox on a dedicated
Even with the fastest “snaps” in pricing, when you click the CALL
or PUT button, it fairly and honestly nails your strike price. Then
with high precision it fairly awards you your WIN or LOSS on the
BUT, GET THIS: On a live account they keep awarding me
"unconditional" cash, like $5 or $10 of course to keep me interested
as a client, but it’s a nice touch. Right now I’m in a small dollar
testing phase which, as I’m reporting, performs better than expected.
WHY USE BINARY OPTIONS. While most U.S. Traders do not have
access to “pure” or so-called “foreign” binary options, CloseOption
will work with U.S. persons. BUT WHY IS IT IMPORTANT in
Forex trading ??? BECAUSE…
In Binary Options, there are only 2 outcomes, Win or Lose and the
"options" part of it offers you a completely defined and restricted
Profit Up-side, and Loss Down-side. So… if you are trading HIGH
VOLATILITY you can completely bracket your RISK. Very very
useful. In contrast to “straight Forex” where a very tiny WIN yields
very little; in a Binary Option, a very tiny WIN yields the Payout Rate
on your initial Wager.
In simple terms, a One PIP Win is a Win and a 70% payout pays $70
on a $100 wager, for example. Loss would be the $100 wagered. The
rules are that simple. [EDIT] even a 1/10th PIP Win is a Win…
My only beef is that payout rates range from 50% to 70% or possibly
80% so they are lower than I would like to see; but these can be very
useful to U.S. persons. Recommended.
[EDIT] my wishlist beef would be the ability to fully automate, but
they do not offer an API. Only Binary dot com offers an API, but will
not deal with U.S. persons.