StartOptions.com and other TradeSmarter platforms

[Torch]

Hi everyone.

Does anyone have experience of using Smart Options . com or the other TradeSmarter platforms (e.g. MarketPunter?)

I started looking into these as alternatives to the usual Binary Options companies after finding out that marketPunter platform claims to be regulated by the Australian Securities and Investment Commission (ASIC) to provide financial product advice.

As I understand it, the TradeSmarter platforms have been providing binaries for three years but have only recently decided not to allow users to request Demo Accounts before live betting (the minimum live account bet on all their platforms is 30 USD so even though an account can be opened with 100 USD, a more realistic opening bankroll would obviously have to be substantially more).
This set alarm bells ringing but I don't want to necessarily jump to conclusions.

Any thoughts/ experiences would be very welcome. Cheers.

 

[locumdoctor]

I just noticed your post. I trade binaries with www.optionfire.com . They are a UK based and FSA regulated broker. I use them as I had troubles with a cyprus broker who took money from me very week but didnt pay me out when i made. i like the platform as its simple. they pay me out when i make money. Having been burned by trading binary options with an unregulated broker, I will only use a regulated binary options broker from now on. the FSA regulation may be a bit weird, but I do believe it protects me. cyprus based binary options companies didnt seem to pay me out (and I read another post that I replied to of someone else who had the same problem).

 

[tar]

I just noticed your post. I trade binaries with www.optionfire.com . They are a UK based and FSA regulated broker. I use them as I had troubles with a cyprus broker who took money from me very week but didnt pay me out when i made. i like the platform as its simple. they pay me out when i make money. Having been burned by trading binary options with an unregulated broker, I will only use a regulated binary options broker from now on. the FSA regulation may be a bit weird, but I do believe it protects me. cyprus based binary options companies didnt seem to pay me out (and I read another post that I replied to of someone else who had the same problem).

This is misleading fixed odds and binary betting is not subject to regulation by the FSA , optionfire is not regulated by the FSA , the current status : " Appointed Representative " , didnt say authorised .

lol effective date 11/03/2011 ...

http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=261385

 

[locumdoctor]

This is misleading fixed odds and binary betting is not subject to regulation by the FSA , optionfire is not regulated by the FSA , the current status : " Appointed Representative " , didnt say authorised .

lol effective date 11/03/2011 ...

http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=261385

OK I am saying is they have made the effort to be FSA compliant, even if it is appointed by another company. Which is IMHO much better than being in either cyprus or bvi.

So what if they only got this business started in March? The parent company is years old, and quoted on AIM from what i can see.

Either way, I feel happier that they are located in London - and as the article was about not getting money back, it seems relevant.

 

[pair trader]

Hi all,

:clap:This seems like a very interesting discussion.

I have been trading financial instruments for the past few years. First it was forex and then it was binary options.I have now been with binary options and pair trading for the past year or so.

More recently, I got started with pair options trading. Basically, with pair options you are trading with stock pairs and which stock to be the better performer.

What grabbed my interest with pair options is the high return rates and the simplicity of trading.

pair trader

 

[pairsmaster]

Hi all,

:clap:This seems like a very interesting discussion.

I have been trading financial instruments for the past few years. First it was forex and then it was binary options.I have now been with binary options and pair trading for the past year or so.

More recently, I got started with pair options trading. Basically, with pair options you are trading with stock pairs and which stock to be the better performer.

What grabbed my interest with pair options is the high return rates and the simplicity of trading.

pair trader

I never heard about pair options. Is it Binary? Is it a pair trading classic strategy?

 

[Lord Flasheart]

from what i can see thesenew forex option companies,the spreads are not as good as using someone like igs ladder options.

 

[pair trader]

I never heard about pair options. Is it Binary? Is it a pair trading classic strategy?

Pair Options are a new trading instrument that are binary. You choose which stock within a given stock pair you expect to be the better performer at expiry.

Go on any search engine and type PAIR OPTIONS and you will find more info.

They are said to be a very advanced, but simple form of trading.

Any more questions let me know?

 

[Lord Flasheart]

Pair Options are a new trading instrument that are binary. You choose which stock within a given stock pair you expect to be the better performer at expiry.

Go on any search engine and type PAIR OPTIONS and you will find more info.

They are said to be a very advanced, but simple form of trading.

Any more questions let me know?

ok so what are the odds on the pair. Roughly,thanks

 

[pairsmaster]

Pair Options are a new trading instrument that are binary. You choose which stock within a given stock pair you expect to be the better performer at expiry.

Go on any search engine and type PAIR OPTIONS and you will find more info.

They are said to be a very advanced, but simple form of trading.

Any more questions let me know?

Cool! thanks!

 

[pair trader]

ok so what are the odds on the pair. Roughly,thanks

With pair options the odds on each stock pair range from something like 7% to 650% return.

The beauty of pair options is that you can choose your level of risk, which is one of the main reasons for the different return percentages for different stock pairs.

So when it is more likely that the stock you choose will be the better performer, the return percentage is lower.

For example, I traded a Fixed Pair Option of Apple/Google on Monday with end of day expiry. My return percent profit was 82%.

Considering I invested $2000 my profit was $1640.

 

[jlgildo]

Anyone tried TradeSmarter?! How was your experience?

 

[kaygee46]

I had troubles with a cyprus broker who took money from me very week but didnt pay me out when i made.

Who was that broker, and did you eventually get your money from them?

 

[LosPinos]

As you can see from my previous posts on other boards I have had withdrawal problems with many "binary options brokers" I now use two different platforms for my day trading. I use IG for my spread betting and would never change and my "Binaries or Digital Options as they should really be called I use PYXmarkets...... never would I change from either of these as there are to many sharks around.

For me to sign up as I have been burned in the past I must be able see that one they are regulated where ever they are based and two that my funds are segregated so I do not expose myself to Worldspreads situation.

 

[kaygee46]

As you can see from my previous posts on other boards I have had withdrawal problems with many "binary options brokers" I now use two different platforms for my day trading. I use IG for my spread betting and would never change and my "Binaries or Digital Options as they should really be called I use PYXmarkets...... never would I change from either of these as there are to many sharks around.

For me to sign up as I have been burned in the past I must be able see that one they are regulated where ever they are based and two that my funds are segregated so I do not expose myself to Worldspreads situation.

OK, but in answer to my original questions - who was the broker and did they finally pay up?

 

[LosPinos]

OK, but in answer to my original questions - who was the broker and did they finally pay up?

@Kaygee46 I dont think you asked me that question, must have been someone else.

I have had problems with the same old companies that no doubt you all have. Bbinary are a pain. 24option I thought were good fun as for a while they claimed to be a UK company that when you called had a foreign dial tone and an Israeli/ US sounding call center, also a pain to get money back from.

We all know that Binaries are a grey area but if you look in the FSA handbook it says that binary or digital options are a traded instrument and therefore should be regulated........ by the FSA not cyseg or whatever they are called.