Forex Trading

At BinaryOnline, we offer the possibility for traders to trade on the Forex exchange market using an extensive and secure trading platform. Our Forex trading tools offers the opportunity for traders to have access to over 200 assets including commodities, currencies, indices and stocks. Here’s an overview on the tool.

Tool Specifications

Minimum lot per trade is 0.01.

Tradable assets:
Currencies, Stocks, Indices and Commodities

How It Works

Forex exchange markets are greatly affected by world economic events that hinders the price of the assets. As such, these fluctuations represent trading opportunities that requires a strong and robust trading tool.

FX/CFD available on our platform offers the ability for traders to trade the forex market in just few clicks. However, this requires traders to understand the following terms applicable to Forex trading.

  • Leverage: It allows us to control funds much bigger than what we have for a small cost. Leverage can come in different ratios – 1:50, 1:100, 1:200.
  • Stop-Loss: This will allow us set a rate at which we want our trade to stop losing. The rate has to be set manually on the platform.
  • Take-profit: This will allow us to set a rate at which we want our trade to win. This also needs to be set manually.
  • Sell: Also known as ASK price. When you sell a currency you hope that its value will weaken compared to the currency that you are buying.
  • Buy: When you buy a currency you hope that its value will strengthen compared to the currency that you are selling.

How To Use The Tool?

FX/CFD is the fifth tool on the toolbar of the Trading Platform. To use FX/CFD for trading, log in to your account and head to the trading platform. Then follow the steps below:

To use the tool, please follow the steps below:

Step 1: Login to our trading account using your credentials,

Step 2: Select FX/CFD on your left hand side,

Step 3: Select your asset and click on “Trade”

Step 4: Select your “Trade Volume”, “Stop Loss” and “Take Profit”

Step 5: Choose between “Sell” or “Buy” based on your predictions.

Key features

Our trading platform also went the extra miles by providing much support to our traders.

Tradable assets

Our trading platform offers the opportunity to customize their trading experience with us by selecting their preferred assets to trade faster.

Trading features

With the help of special trading features, we allow traders to increase the accuracy of their trade decisions. Such features include the known Bollinger bands and Moving Average and RSI.

Trade multiple assets at a time

Trade various assets simultaneously with different trading interface providing much details about the assets’ price fluctuations