Review of the Binary Options Broker Market Punter
Market Punter is a regulated binary options broker from Australia which offers the possibility to trade with binary options (Above/Below) based on underlying assets such as stocks, commodities, currencies (Forex) and more. This company was founded in 2008 and is regulated by ASIC of Australia.
Type of Broker
Market Punter is a Binary Options Broker
Country of origin
The headquarters of this broker are located in Sidney, Australia.
This company is holder of an Australian Financial Services Licence (AFSL 223682) issued by the Australian Securities and Investments Commission (ASIC).
Market Punter offers to its clients the possibility to trade with binary options based on the following financial assets:
- Forex Market: 5 currency pairs of the Forex market, including the most important like the EUR/USD, the USD/JPY and the GBP/USD.
- Commodities: 6 of the most important and traded commodities in the market including crude oil, natural gas, gold, silver and platinum.
- Indices: 9 of the main stock indices in the market. In this case the clients of this broker can trade with binary options based on indices like the S&P 500, FTSE 100, Dow Jones, MICEX and other.
- Stocks: 35 of the main stocks of the most important stocks exchanges in Europe, United States and Asia including Citigroup, General Electric, Goldman Sachs, HSBC, Lloyds, BAE and PetroChina among other.
Types of Binary Options
The clients of this broker can trade with the following types of binary options:
- Above/Below binary options: These are the most popular and traded binary options in the market thanks to the high and fast profits that they offer to the trader and the simplicity of its operation compared to other trading instruments. In this case, the investor must predict if the price of the underlying asset will end above or below the adquisition price of the option once the contract expires. Normally, the expiration period of the Above/Below options offered by Market Punter is 1 hour, however, the client cand trade with binary options with a maturity of 5 minutes, 10 minutes, 30 minutes, 1 hour, 1 day, 2 days a week etc …
Payment Offered by Market Punter
-The payouts offered by the broker Market Punter for binary options that expire “In The Money” (sucessfull trades) are the following:
- Above/Below Binary options: 65%-85% of the capital invested in the option´s contract.
-For binary options that expire “Out The Money”, this broker offers the possibility to recover up to 10% of the contract inversion. This feature allows to minimize the impact of losses in the trader´s account.
This brooker has one trading account for all its clients which includes all services offered by Market Punter regardless the initial deposit made by the trader. These services includes for example the possibility to trade with Above/Below binary options based on all the underlying instruments mentioned above, an online trading platform which requires no download and installation, customer support, promotions for new and regular customers and other.
The opening of this account is completely free. In this case, the trader only has to deposit funds when he is going to start trading with binary options.
Market Punter offers a web based trading platform so the traders does not need to download any software to trade with this broker. This application can be accessed from any place with Internet connection through the website of Market Punter.
This platform is designed specifically to trade with Above/Below Binary Options, so it includes several functions for position management which allow to acquire new options and effectively control the trades that are still active. Also, this application includes other trading tools for the trader, such as updated quotes of the financial instruments (underlying assets) offered by this broker, price charts and other.
Currently, this broker does not offers a demo account but the opening of the real trading account is free.
The clients of this broker can deposit and withdrawl funds through the following options: Bank Wire Transfer, Credit Card (the most important like Mastercard and VISA) and Skrill (Moneybookers).
The deposits can be made in US Dollars, Euros, British Pounds and Australian Dollars.
Main Advantages of Market Punter
- Market Punter is one of the more established binary options broker in the sector. This company has been operating for several years.
- This company is a broker regulated by the ASIC ( Australian Securities and Investments Commission ) of Australia.
- The client of this broker has the possibility to trade with binary options based on many underlying assets including currency pairs, stocks and indices.
- This broker offers bonuses and regular promotions to customers who open an account and deposit funds.
- Through its website, the broker provides basic education on binary options and how to trade with this instrument.
- The trading platform of this broker is a simple to use application which requires no download.
- For options that expire Out The Money, this broker allows its customers to recover up to 10% of capital invested in the option.
- Through its website, the broker offers daily market analysis conducted by experts. Also, this website includes free education on binary options which includes different topics such as trading strategies.
- Market Punter has a good customer service which offers the following means of contact: e-mail, telephone and live chat on the website which operates 24 hours.
- This broker offers the possibility to earn money by promoting its services as a binary option broker through an affiliate program of its propperty called Market Punter Affiliates.
Main Broker Offers
Market Punter ocasionally offers cash bonuses for clients that open an account and trade with the company. Currently, the main offers of this broker are the following:
- A welcome bonus for each new client that open an account and deposit funds.
Market Punter Ltd.
Minimum account size
The minimum account deposit to start trading with Market Punter is $200.
Minimum transaction size
20 US dollars/euros.
Maximum transaction size
2500 US dollars/euros.
Link to the website
Open an account