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Any Options, Bull Options & Option Bit

  • #21
  • Jun 13, 2011 10:12am Jun 13, 2011 10:12am
Actually i earned money with this platform, it didn't made me any problems.
  • #22
  • Jun 14, 2011 9:25am Jun 14, 2011 9:25am
I Agree with Alex, I recently used optionbit and I earned money.
  • #23
  • Jun 14, 2011 12:45pm Jun 14, 2011 12:45pm
don't be fooled, Alex & Jamies are just employees.
  • #24
  • Jun 15, 2011 8:48am Jun 15, 2011 8:48am
Quoting Yoda_Glenn
They're a scam, don't count on getting your money back. Nadex is the only legit Binary Options dealer I know of for US clients, stick with them.
Yoda

I hope you are doing well with Binaries/Bull Spreads. I do have a question for you regarding Nadex.

Since Nadex uses an unusual expiry price method (samples last 25 prices or midpoint, removes 5 highest, 5 lowest and averages the remaining 15), how close is the expiry price to actual spot price, and have you had better success on GBP/USD and EUR/USD than other pairs or crosses ?

Have you looked at Banc de Binary?

Thanks
  • #25
  • Jun 16, 2011 12:45am Jun 16, 2011 12:45am
but also confused

which one is more developed for the binary trade?
  • #26
  • Jun 16, 2011 6:34am Jun 16, 2011 6:34am
Quoting 82nd
Yoda

I hope you are doing well with Binaries/Bull Spreads. I do have a question for you regarding Nadex.

Since Nadex uses an unusual expiry price method (samples last 25 prices or midpoint, removes 5 highest, 5 lowest and averages the remaining 15), how close is the expiry price to actual spot price, and have you had better success on GBP/USD and EUR/USD than other pairs or crosses ?

Have you looked at Banc de Binary?

Thanks
From my experience, Nadex spot prices have been extremely close to the MT4 platform/Forex Broker's spot price that I use to chart with. As for which pairs I trade, that would be any pair that has my setup. No, I have not tried Banc de Binary.
Binary Options Trader
  • #27
  • Jun 16, 2011 6:50am Jun 16, 2011 6:50am
Upon further inspection, this Banc de Binary company isn't regulated. That's a no no for me.
Binary Options Trader
  • #28
  • Jun 16, 2011 6:55am Jun 16, 2011 6:55am
"Since Nadex uses an unusual expiry price method"

Just wanted to add, Nadex pre-set strike prices allow you to hedge, thus making trading more like a business and less like gambling. A $10 Binary has a potential payout of 1000%. Think about that....if the price moves up or down, in a fairly big way, you can win 1000% in either direction...that's HUGE! Especially since you can hedge freely. Of course, if the price doesn't budge much, you will lose your investment, so be careful.
Binary Options Trader
  • #29
  • Jun 16, 2011 8:57am Jun 16, 2011 8:57am
Quoting Yoda_Glenn
From my experience, Nadex spot prices have been extremely close to the MT4 platform/Forex Broker's spot price that I use to chart with. As for which pairs I trade, that would be any pair that has my setup. No, I have not tried Banc de Binary.
Thanks Bro

I'm strongly leaning towards NADEX as a US citizen, especially since it seems I'm reading about more & more complaints from OFFSHORE BINARY BROKERS. Additionally, Anyoption, the largest binary broker recently stopped accepting US clients.

Two more quick question for you Yoda -

1) Are you trading binaries/bull spreads ONLY as a hedge against a spot position ?

2) In your opinion, which product offers the higher probability chance of SOME profit, binaries or bull spreads ? I ask this because it seems like more underlying spot price movement would be required to close out a position in profit with a bull spread vs. a binary. Perhaps I'm wrong.

The only disadvantage I see to choosing binaries over bull spreads is that you can't trade the 1st several hours of the London open with their 2-hour binary, only their daily binary. However, I believe you can close their binaries early.

Thanks for warning US traders about offshore brokers.

You de man !!!!!!!!!!!!!!
  • #30
  • Jun 16, 2011 11:10am Jun 16, 2011 11:10am
82nd, I have to admit, I am back to doing more Daily Binary Options with Nadex than their Bull Spreads. After a few years of trading with Nadex, I have to say that the best strategy for me is to buy or sell a $10 Binary Option contract in the direction that I believe the spot price is headed towards (the $10 Binary's strike price.) You can make 400% profit by just getting in and out of a $10 (or thereabouts) Binary Option contract that turns into a $40 contract (this happens when the spot price reaches the strike price.) This technique requires good movement/volume though, so be careful. I rarely stay in till the closing of the contracts.

As for Nadex, they have been rock solid in terms of reliability and good faith. You make a withdrawal and your funds are instantly taken out of your balance. Three days later they are in your bank account, no hassles no questions asked. They also have great phone service/customer support and are always there when you need to call with questions. They are regulated by the CFTC and have been around since 2004 (as Hedge Street.) STAY AWAY FROM THESE OFF SHORE BINARY BROKERS! You can see how shady they are in this very thread, as all of a sudden a whole bunch of new accounts/users/posters are magically endorsing them.....yeah right, give me a break.

PS. I am not a fan of the 2 hour contracts, because the strike price is set 5 minutes before the opening of the contract. This means the price can move drastically far from the strike price at opening, thus making the contracts expensive.
Binary Options Trader
  • #31
  • Jun 19, 2011 12:23am Jun 19, 2011 12:23am
I've started a year ago..and for now using OptionBit.. which I like..its been nice & friendly platform for me in the binary trade..should I stick with it? or try Yoda's way in Nedex?
  • #32
  • Jun 25, 2011 10:30pm Jun 25, 2011 10:30pm
Quoting miler87
I've started a year ago..and for now using OptionBit.. which I like..its been nice & friendly platform for me in the binary trade..should I stick with it? or try Yoda's way in Nedex?

Have you withdrawn any profits from the account? If so, how long did it take?
  • #33
  • Jul 13, 2011 11:35am Jul 13, 2011 11:35am
It has now been 70 days since I requested my earnings from BullOption. They "agreed" to send me $1000 (which was a fraction of what they owe me). They will not tell me anything. I have emailed them over 80 times about this and they repeatedly say "the finance department" is having issues. They are still up and running and I don't know how if they treat all their clients like this. Maybe I am one of the few that has actually made money and requested it, idk.

As far as NADEX goes, they are awesome! I switched upon Yoda's recommendation and I am so glad that I did. I started with a small amount but i've found that you need to take your profits if you have them! Especially with the debt crisis in Europe and budget crisis here in the US, the volatility has been wild. The good news is you can get out of your NADEX contracts anytime you want, whether in a profit or loss! I have to give them 2 big thumbs up so far.


Yoda, what "setup" are you using to pick your trades on NADEX? I also use MT4 and like the bollinger bands with a MA. Any thoughts?

Thanks!
Matthew
  • #34
  • Oct 12, 2011 5:55pm Oct 12, 2011 5:55pm
Quoting mksmith31
It has now been 70 days since I requested my earnings from BullOption. They "agreed" to send me $1000 (which was a fraction of what they owe me). They will not tell me anything. I have emailed them over 80 times about this and they repeatedly say "the finance department" is having issues. They are still up and running and I don't know how if they treat all their clients like this. Maybe I am one of the few that has actually made money and requested it, idk.

As far as NADEX goes, they are awesome! I switched upon Yoda's recommendation and...
I really don't share my strategy on boards, but yes, Nadex is the real deal. No fishy business and their very regulated.
Binary Options Trader
  • #35
  • Dec 30, 2011 6:10pm Dec 30, 2011 6:10pm
New player on the block with an office in the US...

Banc De Binary

Corporate Headquarters
Trump Tower
40 Wall Street
New York, NY
10005

  • #36
  • Jan 2, 2012 5:52am Jan 2, 2012 5:52am
Folks, when does the trading on the Nadex platform start after the weekend? I have the platform open now but there is nothing available for trading.
  • #37
  • Jan 2, 2012 7:54am Jan 2, 2012 7:54am
Quoting bravester
Folks, when does the trading on the Nadex platform start after the weekend? I have the platform open now but there is nothing available for trading.
They are closed for new years like most other exchanges.
  • #38
  • Jun 29, 2012 3:26pm Jun 29, 2012 3:26pm
Is anyone trading with 24option?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #39
  • Jul 2, 2012 11:47am Jul 2, 2012 11:47am
I trade with them...
  • #40
  • Last Post: Jul 22, 2012 5:39am Jul 22, 2012 5:39am
i'm using betonmarkets...
botsog
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