Broker Introduction
In 2008, Hortense Holdings Limited launched SpotFN. It is a binary options broker operating from its headquarters in London, United Kingdom. SpotFN has built a good reputation in binary options market offering a wide variety of trading tools that help traders make logical trading decisions. This broker is ideal for all types of traders because it provides simplified educational materials.
SpotFN is also available in mobile and tablet trading for both iOS and Android. This allows traders to conduct trades using their phone or tablet while on the go. In order to start trading, traders must use an Android or iOS based mobile device with reliable internet connection. A great feature that attracts newcomers is the availability of Demo Account. This allows traders to have a feel of trading with SpotFN.
General Platform details
SpotFN trading platform is web-based, so there is no need to download and install any software. SpotFN platform is powered by SpotOption, a leading service provider of secured trading platform in the industry. The platform is extremely user friendly and very easy to navigate. SpotFN caters English-speaking countries. Thus, the platform is available in English language only. For traders and potential traders who have concerns, they can reach the customer support through email, phone and live chat. The customer support team is available 24/7 to answer all concerns.
Trading Options
SpotFN offers a high payout rate up to 85% for successful trades. On the other hand, a 10% refund is given to traders for out-of-the-money trades. There are several trading methods available at SpotFN including the traditional Binary Options, 60 Seconds, Target Options and Build an Option. SpotFN offers over 90 underlying assets in various markets including commodities, Forex, stocks and indices. There are 9 commodities, 13 currency pairs, 54 stocks and 28 indices that can be traded using various expiry times. Expiry times range from 60 seconds to several months depending on how traders build their options. If there are assets that traders want to trade that aren’t found in the asset index, then they can contact customer support in order to try to add the requested asset.
Financial Details
SpotFN trading accounts can be in Euro or USD currencies. The minimum deposit required by SpotFN is 200 USD/EUR. The maximum deposit allowed depends on the method of depositing the money. Credit card deposits have a maximum limit of 5,000. The maximum deposit limit for Western Union deposits is 10,000. There is no limit for deposits made through wire transfers. Deposit methods include Maestro, Visa, Visa Electron, Diners, MasterCard, AMEX, Delta, Switch, Solo, CashU and Wire Transfer. The withdrawal methods are same as the deposit methods. The minimum withdrawal amount at SpotFN is 100 USD/EUR. Withdrawals using credit cards are free of charge. Meanwhile, there is a 25 USD/EUR service fee for wire transfer withdrawals. SpotFN provides a $100 deposit bonus to traders. It also has a referral program where traders can earn between $50 and $125 for successful referrals.
Summary
SpotFN is highly recommended to all types of traders. The trading tools and educational materials provide great help to get the most out of the investments. The trading platform is user friendly and easy to navigate. The availability of a wide range of assets, trading methods and expiry times allow traders to choose the trades that suit their personality. Traders who are always on the go will benefit of the mobile trading platform of SpotFN.
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