Classic Binary Options is one of our most popular trading tools. This tool is frequently used not only because it is user-friendly, but also because it generates high returns on very low investments.
What makes it different?
The Classic Binary Options trading tool has been especially designed to provide the best experience to both novice and experienced traders. Its simplistic features are what set it apart from other tools on the platform. While using Classic Binary Options, traders need to decide whether the price of the asset they have chosen will go up or down within a specific expiry time.
How does Classic Binary Options work?
With a BinaryOnline account, trading Classic Binary Options is quite straightforward. Traders need to choose whether the price of the asset will expire at a higher or a lower price than the current price. Traders first need to choose an asset, an expiry time, an investment amount and select CALL if he/she speculates the asset price will rise, or select PUT if he/she speculates the asset’s price will fall.
Traders can select the time frames for the trade, which normally range from 15 minutes to 15 hours. The minimum investment needed to trade on this tool is $25, and can go up to a maximum of $2,500.
Why Classic Binary Options?
- It allows traders to place trades on all four asset categories. Furthermore, once a category is chosen, it is possible to trade on all the assets that form part of the specific category simultaneously.
- Apart from having access to all the assets, traders have access to the “Hot Assets” category while using this tool. This is an added advantage as it makes trading trending assets easier.
- This tool is ideal for inexperienced or new traders because of its simplistic features and lack of the need for an in-depth market knowledge.
- The minimum investment amount for this tool is only $25.
- It guarantees a payout that can reach up to 85%
How to trade Classic Binary Options with BinaryOnline?
- In order to trade Classic Binary Options with BinaryOnline, traders need to possess a valid trading account on the platform.
- In case you do not have an account, create one here and proceed with the
- Once your account is funded and ready to be used, go on BinaryOnline’s homepage, click on “TRADING PLATFORM” and select the “BINARY” feature available on the trading platform.
- Next, you need to choose an asset pair, an expiry time and an investment amount.
- The last step is to decide between the “Put” or “Call” option and click “APPLY”.
- Once this is done, you have to monitor your trade via the Open Position feature.