Irish forex broker, AvaTrade, has announced the launch of a binary options trading service as a form of developing its products and services. This service will be available through a special website www.poweroption.com, which is a website that offers access to the MarketsPulse platform. MarketsPulse itself is a company that provides a binary options platform from broker Alpari Russia.
The appearance of the web-based platform is felt to be more intuitive and friendly because clients just have to choose the type of option, the underlying asset, and the direction the price believes will go after the deadline.
The variety of binary options is quite substantial, because not only low or high levels are popular, range options and one-touch options, but also 60-second options and on-demand binary options. You may remember that this offer provided by Alpari also allows us to control the timing of options with greater precision.
For now, the currency pair feature provided still consists of nine currency pairs, gold, and silver. But AvaTrade promised that in the future, it will provide additional stocks, commodities, and indices, but unfortunately, there is no option to use bitcoins.
AvaTrade's step to add this binary options service is quite risky. The reason is, adequate permits and legality are needed so that you don't run into problems like binary option brokers in France who were banned by the AMF because they didn't have a permit some time ago. In essence, Power option is not just a new service but also a separate business institution, which AvaTrade promises to be licensed by CySEC and ASIC soon.