BOMarkets (located at BOMarkets.com) is a website which features a state of the art trading platform, designed specifically for binary options. The group was founded by a group of leaders in the financial and banking industry, with years of combined expertise. They consider themselves to be a leader in the new wave of fusion trade websites and platforms.
Features of their platform include a Risk Management system which is second to none, top notch customer service and excellent security that come with your Trading Account.
Frequently Asked Questions
- What are Binary Options? These options prove a contract which allows the buyer to buy an asset at a specified price for a set time frame.
- What is Binary Option Trading? This is also known as fixed or asset option trading. The system offers a fixed return and is determined at the start of the agreed trading condition. During this type of trading, the buyer will decide whether or not they think that the asset will hit the strike price by the expiry time.
- What are Underlying Assets? Traded items are referred to as an underlying asset. These assets could be a range of product from currencies to commodities, stocks or indices.
There are quite a few more frequently asked questions, and you are encouraged to check out their website to get a full list of questions and the answers to them. If the site is unable to answer your question, there is a Live Chat option available, and Customer Service will be more than happy to help you out in finding your way and answering any questions that you may have about Binary Options Trading and BOMarkets itself.
On BOMarkets, there are a variety of tradeable assets available through the platform. Here is a list of those assets and what they mean.
You can use BOMarkets as a platform for currency trading. Some of these currencies include the Euro, the American Dollar, the Japanese Yen and the English Sterling Pound. BOMarkets provides a safe and secure marketplace for these currencies and more.
With BOMarkets, you can trade commodities in a global market, allowing you to trade commodities such as gold and silver in a worldwide market. Where do you think the price of gold will be in the near future?
Most of the major stocks will allow binary trading. Brands that you may trade include such outstanding names such as Google, Sony, Vodafone and Apple.
You can use the worlds leading indices, giving you the ability to assess the expected short term gains and losses of any asset offered by BOMarket.
What To Expect
The BOMarkets website is set up in an attractive, easy to use way. Navigation is simple using the navigation bar near the top of the screen. You will find everything you need from trading to your account details as well as banking, a contact option, a very helpful “Help” section and every other option you might need to get where you need to go.
Should you have a problem that is not covered under the Help section, you have the option to use the web site’s Live Chat feature. This will allow you to speak live with a Customer Service Representative with BOMarkets via an IM style interface. This representative will be able to answer any questions that you might have about opening an account at BOMarkets, or help you with any problems that you might encounter.
If, for any reason, the Live Chat doesn’t satisfy your needs, you also have the option under the contact page of finding the addresses, email addresses and telephone numbers of their various offices through the world. They offer corporate offices in the following countries:
- The United Kingdom
- South Africa
- The United States of America
They also offer a quick contact form on their “Contact Us” page, as well as a quick reference directory of the major International Phone Numbers for various offices.
Looking to the right of the home page, you find that BOMarkets.com offers a very attractive 50% bonus, monthly. There are terms and conditions, and the offer may be only for a limited time, so you may want to hurry up and check it out.
Overall, the website is set up so that even a beginner can find the information they need to start learning how to trade binary options. With payout of up to 85% on many of their options, it seems to be a very good place to start if you’re new to trading. They feature a very extensive list of FAQ’s, as well as very nicely populated Knowledge Center, allowing you to learn as you go.
As with any trading, there is risk involved when working with BOMarkets.com. Binary Options Trading is considered a very high risk trading environment, and users should exercise caution and definitely do all their research. It is possible to lose all of the invested money in a very short period of time. However, as with any high risk investment option, the potential does exist to significantly increase one’s income.