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You can trade 60 second, 5 minute, 10 minute, 15 minute, 30 minute and 60 minute expiries. Daily and weekly options are not available. There are limits to the total open positions you can have: Traders can use the technical indicators available with MT4 and even add their own indicators to the charts and analyze the markets. You can trade major forex currency pairs and some cross pairs.
Commodities and stocks are not available. You can test drive the Direct FX binary options platform on MT4 with a free demo account that is valid for 30 days. All trading features are available in the demo as the account completely replicates the live environment. To create a live account with Direct FX, you will go through a three-step registration process. You need to provide some basic information about your current occupation and experience in trading.
It will take you no more than 5 minutes to complete the registration. Once all the details are entered, you will have to verify your account by uploading a photo ID and a proof of address document for regulatory purposes. After the account is verified, you can start to fund your account and begin trading binary options with real money.
Having MT4 opens up many possibilities for traders who can build and use their own trading strategies in real time on the chart. Many traders are using MT4 to follow price action and place trades on a different binary platform. Direct FX allows you to directly trade binary options on Meta Trader 4, which of course saves you time. The best part is that you can put some custom indicators into action, which will help you in your trading strategy. Direct FX does not accept credit cards for deposits and withdrawals.
If your account is in a different currency, funds will be automatically converted into US dollars. Withdrawals can be done via Skrill or Neteller and take up to one business day. With banks, fees may apply, and transactions usually take longer, up to 3 business days. The team of analysts monitors the market 24 hours a day to provide the most in depth daily reports. These reports include economic snapshots and brief analyses on the major currency pairs; they will also update you on major economic events.
The Direct FX team works quickly and openly shares information with clients concerning price quotes, platform installation, withdrawals, and banking options. The support is available via online chat, phone and e-mail. There is also a direct phone line, based in Australia, which operates 24 hours a day from Sunday through Friday. It is a fairly safe broker to trade with because ASIC is known for upholding high standards as a financial watchdog.