REVIEW: TradersLeader Binary Options broker

With its international staffing team and a presence in many of the world’s major financial centres, TradersLeader is a binaries broker with a global outlook. A wide selection of markets and their prices are quoted on the homepage, even before you create an account, and at any given point you are only a minute or so away from being able to trade – such is the smoothness of the TradersLeader setup. In this TradersLeader review, we’ll assess the platform from top to toe, focusing on what matters for you as a binaries trader.

TRADERSLEADER: ACCOUNT OPENING

The account opening process with TradersLeader is fairly straightforward, and traders are required to input a few basic details in order to gain access to the platform. Because of the way TradersLeader is structured there is no need to deposit funds before you can assess the markets and start analysing positions, and within just a few minutes of opening your account you can be in a position to get started. TradersLeader accepts a variety of banking methods for payment and depositing, and this is accessible directly from within your newly created account.

TRADERSLEADER REVIEW: PLATFORM

The TradersLeader platform is a slimline, purpose-driven system for allowing traders access to the range of binaries markets on offer. The platform can be accessed from the website’s homepage, such is the transparency and openness of the TradersLeader approach. This means that traders can examine the spreads, the payout percentages and the markets on offer before signing up for an account with TradersLeader, which is helpful for those at the stage of comparing different brokers. The platform itself is designed to be as easy as possible to trade through, and while new traders will find this a breeze those approaching binaries from a forex or CFD background might find the system to be lacking in features. Because binaries are a comparatively blunt instrument in that they either generate a defined return or a defined loss figure depending on the outcome, this simplistic approach is typical of the industry, and the TradersLeader platform is as well structured and as easy to move around as any you will find.

Each of the markets open to trading are presented in an individual information box, detailing everything the trader needs to know to make an informed decision about the trade. This includes the percentage return on the defined outcome, the timeframe of the trade and the projected payout depending on the size of the investment. Traders simply select the position details that reflect their intentions and click apply to take the relevant position. When the position expires, it is automatically settled according to the outcome of the bet, and so the entire trading process is a streamlined and heavily automated one. While there is no charting function as such, each of the binary markets quotes features a price chart displaying the current market trend and the level to which the market will have to have risen by expiry to payout on the specified result.

The main navigation functions are presented on the website menu, and allow traders to quickly access their account information and deposit/withdrawal functions. With the entire account contained within the online trading platform built in to the TradersLeader website, this makes for convenient trading on the range of binaries markets on offer.

TRADERSLEADER REVIEW: SPREADS & MARKETS

TradersLeader offers binaries on a broad range of different markets and instruments, covering the full scope of the investment world. From currencies to commodities, from shares to individual indices, TradersLeader quotes binaries on a wide cross-section to ensure all but the smallest minority of traders will find everything they need to trade effectively. The payouts on winning bets are at least as good as the industry benchmark, and as a result traders can expect to generate guaranteed returns on any positions that close in the money. Similarly, with a percentage of the stake retained on losing bets, TradersLeader even accounts to the risk end of the trade in the markets and binary positions it quotes. The costs of trading through TradersLeader are built in to the payout percentages and as such are harder to calculate on the fly. However, traders can rest assured that their major markets are highly competitively quotes, and as such enable profits to be maximised in markets that do move in your favour at expiry.