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SpotFN

Min. Deposit 200$/€/£
US Clients? Yes
Platforms SpotOption

Background

If you are new to the world of binary options trading or a seasoned professional, having a reliable and reputable binary options broker is key to your success as an online trader. SpotFN is a relatively new broker in the industry and since their inception in 2010, this broker has developed itself into one of the leading brokers available today. Based in the United Kingdom, SpotFN offers global traders all the tools and features required to trade binary options. From cutting–edge technology which delivers a powerful trading interface, a wide range of assets to trade in, a selection of trade options, excellent educational material and a website that is easy to navigate, SpotFN will exceed your expectations.

The trading interface offers a variety of trade options which include Binary Options, 60 Seconds, Target Options and Build-An-Option. The Build-An-Option trade option provides you with flexibility in that it allows you to select the expiry time of the trade as well as the risk/profit ratio. Target options can be traded on the weekends making the world of binary options accessible 7 days a week, 24 hours a day. The SpotFN website is only offered in English and they also offer mobile trading which is available as a mobile app as well as tablet trading enabling you to trade while on-the-go. SpotFN is also regulated by the Cyprus Securities and Exchange Commission (CySEC) and each trader account is individually insured up to €20,000 giving you peace of mind that your money is secure.

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Features

SpotFN offers traders a wide variety of features which will enable any trader to enter the trading arena with the right tools to succeed. These include as follows:

  • An easy-to-use trading interface with a wide variety of trade options
  • A selection of assets to trade in including 54 stocks such as Facebook, Coca Cola; 13 currency pairs such as USD/JPY, EUR/GBP; 28 indices such as NASDAQ, FTSE 100 and 9 commodities such as oil and gold.
  • SpotFN does not charge for credit card withdrawals
  • The broker offers a wide selection of banking options for withdrawals and deposits
  • SpotFN offers mobile and tablet trading support for both iOS and Android
  • An excellent payout rate of 88% for trades that end in-the-money and a 10% rebate on trades that end out-of-the-money
  • You can make a minimum trade for only $5 with the 60 Seconds trade option and $25 for all other trade options
  • A variety of trade account types or investor packages based on your deposit amount. For example, for $999, you will receive a Novice Account which includes a 30% investment bonus, one risk-free trade and daily market reviews and for a deposit of $10,000+, your Expert Account will give you a custom-tailored account package
  • A minimum $50 and maximum $125 Refer-a-Friend program offered by SpotFN enables you to make money for each friend that you refer to this broker who opens an account, makes a deposit and trades. Your friend will also receive this bonus

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Platforms

The most important element of binary options trading is the trading interface and SpotFN offers an excellent trading interface that is 100% web-based. This means that you do not need to download any software in order to trade. Once you have opened a trading account and have made a minimum deposit, you will be able to trade online with SpotFN. Trading on mobile is also simple and the mobile trading interface offers the same features as the online version.

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Deposits and Withdrawals

Being able to deposit and withdraw funds in and out of your trading account with ease is vital and SpotFN offers the facilities for you to do so. Their selection of banking options include credit cards such as MasterCard, American Express and Visa, debit cards, MoneyGram, Western Union, wire transfer and Skrill. The minimum deposit amount is $200 and the maximum amount is $1,000 per day. SpotFN uses a security system SSL (Secure Sockets Layer) that encrypts all credit card payments to ensure the safety of the trader’s information. SpotFN does not charge for credit card withdrawals and they charge a $25 fee for wire transfers. A minimum of $100 must be withdrawn. Identification documents will need to be submitted when making a withdrawal and SpotFN will process your withdrawal request quickly and efficiently.

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Customer Support

The customer support offered by SpotFN is exceptional and you can contact them via email, telephone and live chat. While their headquarters are in the United Kingdom, they also have satellite offices in Australia and Hong Kong making it easy to contact them at any time. Their staff is friendly and professional and they are geared to assist traders efficiently and effectively.

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Conclusion

From the moment you enter the SpotFN website, you will notice how easy it is to navigate the site and to access all the vital areas required for trading binary options such as trade options, assets list, banking options, FAQ’s and more. They also offer an extensive educational center which provides detailed information on a wide range of topics such as chart analysis, market trends, technical analysis, technical indicators and more. The payout rates are competitive and SpotFN will reward you for your loyalty which means that the more friends you refer to the broker, the more money you can earn. Despite being a young broker in this growing market, SpotFN stands above the rest and they will continue to offer their traders cutting-edge technology and superior trading features.

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