How to Trade Binary Options on Optionfield: A Comprehensive Guide

OptionField is a leading online binary options trading platform, offering traders an array of features and tools to make successful trades. With a minimum deposit of £5, OptionField offers a 93% payout as well as discounts on their Pro Account and 10% Cashback.

Optionfield Limited also has several risk management parameters in place to ensure the correct price of transactions and future prices. Furthermore, they offer various signal providers, quote providers and technology provider services to professional traders.

how to trade binary options on Optionfield

To help new traders gain experience, OptionField also provides demo accounts with real money contests for eligible participants. Last but not least, Optionfield’s customer service is available 24/7 in case any queries or issues arise during the trading process. Let’s explore all these features in more detail. 

Also read: How to Use the Keltner Channel Indicator in Binary Options Trading

OptionField Trading Interface

OptionField provides a powerful trading interface with advanced features, allowing traders to make informed decisions and take advantage of the latest market trends. The platform is user-friendly and equipped with an array of tools for successful trades. It offers a range of assets to choose from, including Forex, Commodities, Indices, Cryptocurrency, and Stocks.

Moreover, OptionField’s charting capabilities provide professional traders with detailed technical analyses of various markets. They also offer multiple order types such as limit orders and the stop-loss feature which enables traders to control their position size better. Finally, OptionField also allows cryptocurrency deposits using eligible currencies like Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and more. 

how to trade binary options on Optionfield

Account Types

OptionField allows traders to choose from three different types of trading accounts. The Classic trading account requires a minimum deposit of £5 and is suitable for entry-level traders. The Pro Account has a minimum deposit of £2000, offers higher trade caps and allows free withdrawals once a week.

Similar: How to Use the Chaikin Money Flow Indicator in Binary Options Trading

There is also the Elite Account for experienced traders which has a minimum deposit of £10000, larger trade caps and higher payouts. OptionField also offers generous bonuses for new customers making deposits over €/£/$ 500, as well as demo accounts to get accustomed to binary trading.

Deposits And Withdrawals

OptionField offers traders a secure and reliable platform for deposits and withdrawals. Deposits can be made through credit cards, wire transfers, eWallets, and cryptocurrencies such as BTC, LTC and ETH. Withdrawal requests are processed within 24 hours, enabling traders to access their funds quickly.

OptionField also provides a variety of features to ensure safety and security during transactions including encryption technology, two-factor authentication, and segregated bank accounts for client funds. All financial transactions are conducted in compliance with international laws and regulations in order to provide the highest level of protection for its customers. Traders should note that OptionField does not accept payments from unregulated brokers or any other third parties.

how to trade binary options on Optionfield

OptionField Ratings

OptionField is highly rated among traders due to its user-friendly platform and comprehensive range of features. The Meta Trader 4 platform is well-designed and intuitive, allowing traders to quickly familiarize themselves with the trading environment. The brokerage also offers a variety of tools to help traders achieve success, including a demo account, mobile applications, signal providers, quote providers, and technology providers.

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Trading Strategy On OptionField

It is important to have a strategy in place when trading, as it can help you maximize your profits while minimizing your losses. When developing a trading strategy, one should consider different factors such as the direction of the underlying asset, market conditions, risk management parameters, and the correct price of the option at closing. It is also important to have a good understanding of future prices and market trends.

OptionField Demo Contest For Beginners

OptionField’s demo contest offers traders the chance to win cash prizes without risking real money. The competition takes place every month and features up to 100 participants trading virtual funds in a simulated environment. The winner of the contest is determined based on their total profits at the end of the month. Prizes range from $50 to $1000, and winners can withdraw their virtual funds in real money or exchange them for bonuses.

Binary Options Brokers Available On OptionField

OptionField offers a variety of binary options brokers to choose from. These include Pocket Option, PrimeXBT, and BinaryCent. All three brokers offer a wide range of products including traditional forex trading. Each broker also provides different features such as high leverage levels and tight spreads, low minimum deposits, fast execution times, and helpful customer service.

Relevant: How to Use the ATR Indicator in Binary Options Trading

Is OptionField A Scam?

No, OptionField is not a scam. The brokerage is regulated by the Financial Conduct Authority (FCA) and operates in full compliance with international regulations. OptionField provides traders with a secure trading environment and offers a variety of features to ensure safety and security during transactions. It also offers a demo account for beginners to familiarize themselves with the platform and not lose money. Additionally, traders can take advantage of a variety of educational resources to help them with binary options trades.

how to trade binary options on Optionfield

Extra Resources

OptionField also offers several resources to help traders stay on top of the markets. The platform provides price charts, news feeds, and other data in real-time. Traders can use these tools to keep track of price movements and take advantage of market opportunities as they arise. OptionField also offers a variety of trading tools and features such as limit orders, stop losses, trailing stops, hedging, and more. You can find a complete list of resources on the platform’s website.

Why Choose OptionField for Binary Options Trading

The platform offers to trade on over 200 assets, including stocks, commodities, indices, forex trading and cryptocurrencies. Additionally, the platform is regularly updated to provide the most up-to-date pricing information and tools for successful trading.

Related: How to Use the Williams %R Indicator in Binary Options Trading

OptionField also provides risk management parameters such as stop loss orders and take profit orders to help protect traders from price manipulation. Finally, eligible customers can make cryptocurrency deposits at no extra cost providing even greater flexibility in terms of making deposits and withdrawals. All these factors make OptionField an excellent choice for anyone looking to trade binary options successfully.