Best Binary Brokers
One of Asia’s most popular binary options brokers, MarketPunter is regulated and has its headquarters in New Zealand, having moved there from Sydney, Australia. This broker has many strong features and offers an excellent online trading experience, with plenty of trading instruments to select from and payouts of up to 85%. Market Punter accepts traders from all over the world, with the exception of the United States, and are a good choice for both advanced and inexperienced investors with their great choice of technical analytical tools and low minimum trading amounts. If you are looking for a new binary options broker, this Market Punter binary options broker review will give you vital information about the advantages and disadvantages of choosing this provider so that you can make an informed choice.
Market Punter Account Types and Trading Options
Market Punter offers three different account types, catering to the needs of different investors. Their basic level account is the Micro, aimed at those who are new to market trading, with the Standard account suiting the needs of most traders and the Premium account being geared towards advanced and professional investors. Each account type comes with different benefits however every type provides the user with a free newsletter every day outlining technical strategies as well as free client support services and a dedicated account manager. For Muslim traders, Market Punter offers an Islamic account which complies with Sharia law and which enables investors to trade without fees or interest. Market Punter also offers a free demonstration account to allow potential clients to try out the trading platform and perfect their investment strategies. As well as being accessible from a PC, traders on the go can access the Market Punter trading platform through their mobile devices, making this broker a good choice for anyone who likes to check their assets while on the move.
This broker offers traders 79 different instruments for trading including a range of stocks, pairs, indices and commodities. Anyone who wishes to participate in binary options trading can select from numerous trading opportunities including traditional Call/Put options, and short expiry times from as little as 30 seconds. Trading can begin with amounts as low as $5 for short expiry time options, however the limit is raised to $20 for those who wish to use a longer expiry time than 5 minutes. These low values make this broker especially appealing for those who are newcomers to binary options trading. There are also maximum amounts set on trades – $500 on short expiry periods and $1000 on long expiry times.
Market Punter Trading Platform
Market Punter use the TradeSmarter platform, which is quick and simple to use with its intuitive interface. There are plenty of handy tools available on the platform to make trading even better, including the Riskometer, which enables investors to choose their appropriate risk level in relation to their potential payout, the Sentiment Indicator, which allows investors to see the direction their chosen asset is taking by looking at other traders’ investment choices, StrategyX, which is a special interface allowing users to perform more detailed analysis and Social Trading, which enables investors to follow the trades of experienced investors on the trading platform. There are 24 different currency pairs to choose from on the Market Punter platform, 17 stocks, 15 indices and 7 commodities. The education section of their website offers online video tutorials which are useful for newcomers to trading and Market Punter also offers one to one trading sessions with a trading expert to enable a new investor to gain a basic insight into the financial markets.
Market Punter Customer Support and Deposit and Withdrawal Options
Market Punter offers a choice of methods for contacting the customer support team including telephone helplines and a convenient live chat facility which enables traders who are experiencing difficulties to obtain answers to their queries quickly. The website also has a useful and informative FAQ section which is ideal for those who are looking for answers quickly without having to resort to making a telephone call. Customer support can also be obtained by completing a web form or by using the dedicated email address. Support is available in many different languages for the convenience of users all over the world including Arabic, French, Russian, Spanish, Latvian, Italian, Portuguese, Chinese, Dutch and Korean as well as English.
There are many options when banking with Market Punter and traders can rest assured that their funds will be held in a segregated account in compliance with New Zealand regulations. Investors can deposit funds into their account using credit cards such as MasterCard and Visa, debit cards and bank wire transfers as well as more up to date electronic methods such as Skrill and MoneyBookers. Almost 100 different local payment systems can be accommodated, meaning that users have plenty of choice and are sure to be able to use their favourite payment method. Minimum deposits into accounts are set at $250 however there is no minimum withdrawal amount and no fee is charged on any withdrawal.
Overall, Market Punter have a lot to recommend them. With plenty of asset choices, a plethora of deposit and withdrawal methods and effective customer service, they have lots to offer traders of all kinds. Their low minimum trade values are appealing to newbies while their excellent range of analytical tools will appeal to more experienced investors.
