Types of Trades
TopOption has a wide variety of trade types available. In addition to the standard call and put options, TopOption offers ultra short term trades, and they are one of the handful of brokers that offer 30 second binary options right now. They also offer above and below trades, which are very similar to boundary trades. These types of trades are a lot harder to be successful with, but as a result of this, TopOption offers you a higher rate of return on every successful trade you make here, just like you would find with a high yield trade at another broker. Their touch and no touch trades also fit into this category.
For most trades, the minimum amount you can risk at this broker is $5 per trade.
In addition to the trades that they offer, TopOption has a variety of “add ons” that some traders might find helpful. These include rollovers, double-up options, buy out choices, insurance policies, and customizable options. These work well as risk management tools when utilized in moderation. It’s important that you know how to use these tools thoroughly if you do decide to use these so they are working for you and not against you.
TopOption offers options in stocks, indices, commodities, and various currency pairs from the Forex market. They currently have about 180 different assets that are up for trading. There is a heavy focus on currency pairs here, which makes sense. A lot of the traders that use TopOption have a background in the Forex marketplace, and it is good marketing on this broker’s behalf to keep the asset choice attractive to this particular audience. TopOption also has many U.S. based stocks. Although they don’t allow traders from this part of the world, this is the biggest stock market there is, so using stocks from the United States also helps them to not only appeal to a wide number of traders, but it helps them attract traders that might not find their asset of choice at another broker.