Actior Binary Option Broker
| Established: | |
|---|---|
| Website Languages: | German |
| Broker Type: | Market Maker |
| Account Currencies: | |
| Minimum Deposit: | $5,000 |
| Majors Spread(EUR/USD): | 0.4 |
| Minimum Trade Size: | |
| Scalping: | No |
| Hedging: | No |
| Retirement Account: | No |
| Free Demo Account: | Yes |
| Touch Options: | No |
| Traders From USA: | No |
| Islamic Account: | No |
| Margin Interest: | Yes |
| Depositing Fees: | No |
| Withdrawal Fees: | No |
| Supported Languages: | German |
| Customer Service By: | |
| Customer Service Hours: | No |
| Email Response Time: | More than a week |
| Telephone Orders: | Saxo Trader By Saxo Bank |
| Personal Account Manager: | |
| Trading Platforms: | Saxo Trader By Saxo Bank, SaxoWebTrader By Saxo Bank |
| Stop Order: | No |
| Limit Order: | Yes |
| Market Order: | No |
| Trailing Stop Order: | No |
| OCO Orders: | No |
Actior is a German binary option broker and have their office in Hamburg. They are market maker type of broker and allow trading in number of assets. They have been able to make a mark of itself in the binary option market and provide to its customers the trading platform that is very simple to use and allow traders to earn big profits. The trading platform is designed in such a way that it can be operated easily by both novice as well as advanced traders. They also have the “Roll Over” facility which means that the traders can roll over the expiry time selected to the next expiry if they feel that their current trade may not expire as expected.
The trading platform offered by the company to its trader is Saxo Trader and SaxoWeb Trader provided by Saxo Bank. The trading platform is available only in German and they should work on making it available in other languages as well. They offer a vast array of products to trade in which includes Stocks, futures, Options, CFDs, Binary Option and spread betting. The major spread on the currency pairs offered by them are, EUR/USD – 0.4, GBP/USD – 1.1 and USD/JPY it is 0.5. They also offer a leverage of 100:1 on trade and do not allow scalping and hedging.
Opening an account with Actior binary is easy and just require filling up an online application form. The minimum deposit required in the account is on the higher side and it is $5000. They offer to their customers free demo account which can be used by them to practice on the trading platform. This allows them to get to know the trading world better. They do not provide to their customers retirement and Islamic accounts. They do not allow traders from United States to trade from their account.
The company has huge commission and fees on their trade that has to be done. The commission on the forex trading is $6 for every $100k, on trading of CFDs on equities it is 0.1%. On trading futures the commission is Euro 1 to Euro 4.5. In trading stocks the commission is 0.1% of the share or Euro 0.02 per share. They do not have any commission on the trading of Options, Binary Options and Spread Betting. They do not have any roll over fee. They do have a margin interest on their trade. They do not have any depositing fees and withdrawal fees.
The customer support service provided by the company is available only in German. Their trading website is also available only in German. The service is available phone, fax and email. The response time on the email sent is slow and it takes more than a week’s time to get the response. They do not take up any telephonic orders and also do not provide any personal account manager.