Etrade Binary option Broker

Established: 1998
Website Languages: English
Broker Type: Market Maker
Account Currencies: AUD, NZD, USD
Minimum Deposit: -
Majors Spread:
Minimum Trade Size: -
Scalping: No
Hedging: Yes
Retirement Account: Yes
Free Demo Account: Yes
Touch Options: No
Traders From USA: No
Islamic Account: No
Margin Interest: Yes
Depositing Fees: No
Withdrawal Fees: Wire:$5-$37(Same Day) |Check
Supported Languages: Chinese, English
Customer Service By:
Customer Service Hours: Monday to Friday 8am to 8pm
Email Response Time: More than a week
Telephone Orders: Yes
Personal Account Manager: No
Trading Platforms: ETrade Mobile Pro By Etrade
Stop Order: No
Limit Order: Yes
Market Order: No
Trailing Stop Order: No
OCO Orders: No

EtradeEtrade binary option broker is one of the oldest binary option brokers which was established in the year 1998 and is registered in the name of Australia Securities Limited. The company is regulated by ASIC in Australia. Etrade binary option is one of the first to introduce online binary option trading to the ordinary Australian. The company has come a long way in providing to its customers superior research materials and tools to make trading a wonderful experience. They provide to their customers excellent trading platform which is easy to understand and simple to operate. The payouts on the investment made on all the positions are also very high making it all the more alluring to the traders.

The trading platform that is offered by Etrade to its customers is self-proprietary and is named as Etrade Pro and Etrade Mobile Pro. The website is available in English and Chinese. The trading interface is very simple and is loaded with features which make trading a profitable preposition. The features offered by them to the traders include one click trading, charting package and streaming news feed to name a few of them. They also have the option of limit orders.

Etrade offers to its customers a number of trading assets that has been distributed among various assets like stocks, indices, commodities and forex. They provide to their customers 50 currency pairs to choose from and it includes both, the major pairs and the minor pairs. They are market maker type of broker and have commission and fees on the trade that is done. On CFDs the commission is from 0.1% to 0.1195%. They do not have any commission on Future trading. On stocks trading for <$18k the commission is $19.95 and for >$18k the commission is 0.11%. On trading options the commission is AUS $ 0.143 per contract. Etrade binary option broker also charges fees for Rollover and margin interest. However, they do not have fees on the amount that you deposit in your account.

Etrade binary option broker does not allow scalping but hedging is allowed during trading. They also offer to their customer’s retirement and free demo account. The free demo account helps the trader to know the trading platform better and the traders can also device their strategies of trading. The minimum deposit required to open an account with Etrade is $1000. Once you have opened an account with Etrade, the traders will have to fill out an additional application form to get approval to trade options. The customer care service provided by Etrade binary is of world class and is available in English and Chinese language and from Monday to Friday 8Am to 8PM. The email response takes more than a week’s time to get response. They also take up telephone orders.  They have a withdrawal of fees of $5 to $37 for same day check withdrawal. However, they do not provide any type of email or mobile alerts. They do not provide to their customers any personal manager to manage their account.

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