Binary-Option-Broker.com Releases Review of TradeSmarter.com
Binary-option-broker.com recently rated TradeSmarter, an Australian-based binary options trading platform favorably versus other competitors in the industry. US-based platforms do not appear to be competitive however.
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January 7, 2012 (FPRC) -- Binary-option-broker.com, a binary options trading review site recently completed review of TradeSmarter - an Australian regulated binary options broker. The review of TradeSmarter represents the seventh in a series of reviews of leading brokers in the binary options space.
'Most companies in the industry are small and are organized and operate outside of the United States - creating a patchwork of coverage in securities markets,' according to Steve Wise, of binary-option-broker.com. 'Further,' he added, 'the fractured and competitive nature of the industry has led to a somewhat confusing range of account policies that causes a great deal of confusion amongst consumers. It is for this reason we dig through the fine print.'
The recent review of TradeSmarter covers topics including typical yields on contracts, contracts offered, and account policies. 'It's the account policies that can really trip up new traders. We live in a me-now-instant-gratification world and international financial transactions simply don't keep pace, and new investors get confused and angry when they don't understand the rules and have false expectations," said Wise. 'Overall, we were very impressed with the changes TradeSmarter has made to their offerings and policies in the last twelve months. We rated them very favorably against their competitors such as AnyOption and optionFair,' he added.
The popularity of non-exchange regulated binary options trading continues to grow, at the expense of other forms of trading. 'Statistics at the CBOE indicate that trading in binary options contracts on the US exchange have all but dried up in the last twelve months,' said Wise. "Yet," he continued, 'trading on overseas platforms continues to grow. There doesn't seem to be a suitable US-based alternative so traders are taking their money where the better trading grounds are, including platforms like TradeSmarter.'
Binary-Option-Broker.com was founded in 2009 as a result of growth in binary options trading worldwide. Binary-Option-Broker.com conducts in depth reviews of binary options trading sites, comparing brokers based on incentives, security offerings, and overall customer service.
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