In general, when you look at the possibilities of investing in the stock market or in any kind of fund, your return is dependent on how much that stock or fund moves. If you invest $100 and the stock increases by 10%, then you effectively earn $10. If that same stock increases 20%, then you earn a $20 profit. That’s usually the case, before any of the fees or charges are levied.
That’s not the case when it comes to binary options. Even if the commodity only moves a little, you can earn some very substantial returns. Making this process as quick and easy as possible as TraderXP, the online trading platform that serves as the subject of today’s review. And yes, you can get started in a matter of minutes.
What Is TraderXP?
You might hear about day traders and other people who deal in the stock market. You might hear about all the complex graphs that they may follow and the wide variety of jargon that they have to understand. TraderXP is different in that, while offering a robust platform, they’ve also kept it simple enough for even beginners to understand.
They specialize in what are called binary options. This is when you look at a particular asset and you simply decide whether that price at time of expiry will be higher or lower than the current price. If you’re right, then you earn a pretty hefty return. If you’re wrong, then you lose (most of) your investment and try again.
Betting on Calls and Puts
The two main terms that you’ll need to know are “calls” and “puts.” When you choose “call,” you are saying that the value will be higher at time of expiration. When you choose “put,” you are saying that the value will be lower at the time of expiration. It’s that simple.
Take a look at this particular example. We are looking at the price of oil over a certain period of time. The price, at the time that I took the screenshot, was 92.3650. The option expires at 10:00am today. If I invest $1,000 on “put” (or “down”) and the price of oil is below 92.3650 at 10:00am today, then I get $1,700 deposited back into my TraderXP account. That’s a 70% return.
You must invest a minimum of $25 with each binary option. Since the investment field only allows for four digits, the theoretical maximum investment per binary option is $9,999. You can fund your account via credit card, debit card, wire transfer (minimum $500) or CashU, which are also your options for withdrawing money from your account. The minimum withdraw amount is US $100 or 100 Euro, depending on your account currency.
Currencies, Commodities, Indices and Stocks
The binary option that I used as an example above was oil, a commodity. The other major commodity listed on TraderXP is gold. Aside from that, there are several other binary options. For instance, you can buy an option on the exchange rate between USD and JPY, between EUR and AUD, and more.
There are also options on different indices, like the Hang Seng and the Nikkei 225, as well as options on specific stocks like ANZ Bank and BHP-AU. It is important to note, though, that not all of these options are going to be available to all investors. When you first go to the website, you may be greeted by a pop-up that looks like this:
It’s noting that American citizens can’t trade in currencies or commodities. They can still trade on stocks and indices, however. You’ll also notice a pretty glaring typo in that pop-up message (“do” should be “due”). This takes something away from our perception of the legitimacy and trustworthiness of TraderXP. I highly recommend they fix that error immediately.
Earn Up to 75% Returns Every Hour
TraderXP provides you with the tools you need to make educated decisions. The “Traders’ Choice” bar next to each option, for instance, shows you how other investors have been trading on that same option. The site also contains regular market reviews that an inform you about recent developments in the market.
You’re not going to find too many opportunities where you can earn up to a 75% return on your investment every hour. There is quite a spread between being right and wrong, of course, but that’s the risk you take when you invest in the market.
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