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Islamic Careers
Islamic Careers

Open Free Account

For small to medium retail traders, your typical day trader, there finally is actually a risk free trade proposition. Tradorax is letting anyone who funds a binary options account have 2 risk free trades! That means even if you lose, your account will not be negatively impacted. It will be as if the trade never happened.

For an example of how much this can help you, think of a trader who places 4 trades. Now, some traders are better than others, but overall, about 50% of trades will be winners, and 50% will be losers. This means that from 4 trades, a trader who meets the averages can expect to be correct on 2 of them, and lose on the other 2. This would result in an overall loss for the trader in his account if all trades are the same size.

Now imagine that the same trader has 2 winning trades, and 2 risk free trades that do not lose any money. If each trade returns 80%, The trader will return an astounding 160% on his 2 winning trades, if all trades use the same amount of capital. He will not lose any money on the incorrect trades, and from 4 trades the trader has made a higher return in a short period of time than most pros make in a year! Even if a trader only makes 4 trades and withdraws all his money, he can net a nice profit.

Risk free trading sounds too good to be true, but Tradorax and TropicalTrade have made it a reality. Why would they basically give money away? The first reason is they know only about 50% of the trades will be losers. A trader has to choose the trade as his risk free trade before he initiates the order. So even if the trader has a winning trade, he will still use one of his risk free trades. This still is a huge advantage to traders though. Some traders will end up losing on both of their risk free trades, and the savings will be immense.

The second reason they do this is because it is a great promotion. They know that traders will not usually stop after the two free trades, and that they have an opportunity to generate profits in the long run. The onus is on the traders to be smart and take their profits while they are still on the table.

So while risk free trading has until now been a bit of a myth, Tradorax has created a great new opportunity for new accounts with their brokerage. If you want to take advantage of this offer while they are running the promotion, you must open and fund your account with their low minimum deposit. Remember it always pays to be smart.

The Difference Between Equity Securities and Future Contracts For Traders

Everyone is familiar with equity securities. These are the stock shares that trade on exchanges like the New York stock exchange, with traders yelling and hustling around the floor to buy low and sell high. Equity securities, more colloquially known as stock, represents ownership in a corporation. When this changes hands, the new owner instantly takes over ownership interest from the seller, and takes ownership at the execution price.

Future contracts are different from stocks, but the underlying security of a futures contract may be equity securities. Futures contracts cover a wider universe of underlying securities than just stocks though, futures contracts may be made on commodities like gold or oil, interest rates, or even the weather!
A futures contract is a contract between two parties, in which the parties agree to sell and buy a set quantity and quality of some asset at an agreed upon later date, for an agreed upon price. Futures prices also trade on exchanges just like equities. Today, just like equities, most futures contract trading now takes place over electronic systems. Both the Chicago Board of Mercantile Exchange and the New York Stock Exchange own futures trading platforms, and very little open outcry trading takes place worldwide anymore.

Futures contracts fluctuate in price just like shares of a stock. The reasons for changes in price are the same principals of stock trading, as market conditions change, the future expected value of an underlying security changes, and the price of contracts adjusts accordingly.

For instance oil future contracts are very popular. A 30 day contract may have a price of $100 per barrel, meaning the buyer is locking in his purchase price in 30 days at $100 per barrel. If the price of oil in 30 days is actually $110, the buyer still only paid $100. He now owns an asset worth more at current market value than the price he paid. As the price of oil is rising, obviously the contract will not continue to trade at the same value, and the owner can either choose to hold the contract until expiration, or sell for a profit on the secondary market.

A key fundamental difference between an equity security and a futures contract is the way in which the market determines prices. An equity security is always priced on what the market believes it is worth today. A futures contract will always be priced based on what the market expects it to be worth in the future, at expiration. If an asset is spot trading at some price, while rare, it is possible that the market will expect a lower price in the future, and the futures contract price will imply a lower future expected value.
Equity securities are much more liquid in large quantities, and very efficiently priced with very low spreads. Futures contracts are not necessarily as liquid, though popularly traded futures contracts are about equally as liquid from a retail trader’s perspective. Spreads may be larger, however, and price may be more volatile.

For many people the benefit of futures contracts is that they can trade assets in a wider spectrum than equities, and for those who are shrewd, there may be more potential to profit from inefficient pricing.
Tropical Trade Trading Platform
Tropical Trade offers a user friendly web based Panda Trading Systems and there are over 200 types of assets to choose from. The average return rate you can expect from the high/low options is 81% if you trade on the EUR/USD currency pair. The chart in the platform is updated based on the real time feeds that are streamed from the leading financial portal, Reuters. The chart features technical indicators that inform you about the expiry time of each asset, as well as the exact payout and maximum return rate you will receive if you win the trade.
The Hyper feature allows you to place trades in bulk in a short time so that you can maximize your profits. You can also place your trade on other types of options including one touch, range and short term options. It also has a mobile platform for traders who frequently travels around different places and want to be able to monitor their trades on the mobile phones.

Tropical Trade Trading Accounts

Tropical Trade offers 5 types of accounts:
• Basic
• Professional
• Expert
• corporate

The basic account is for traders who want to deposit up to $1,000 in their accounts. The professional account is for traders who has a capital of between $1,000 – $5,000 to invest. The expert account is designed for traders who want to open an account and deposit between $5,000 – $10,000 into the accounts.
The VIP account is for traders who have $10,000 – $25,000 to invest in an account. All the accounts feature welcome bonuses. You must meet the 30 times trading volume before they will let you withdraw all the balance in the account. There is no cost to sign up for the account and it only take a few minutes to input your personal information in the registration form to apply for a new account. When registering for a new account, you get to choose from 5 different types of currencies including USD, EUR, GBP, CAD and AUD.

Deposits & Withdrawals

For deposits/withdrawals, Tropical Trade accepts a variety of credit/debit cards including MasterCard, Visa Electron, Solo, Maestro, Diners Club, Switch and Delta. They also allow you to make deposits/withdrawal through bank wire transfer. When you want to withdraw, you simply place a withdrawal request on the My Account page. They offer a demo account and the minimum amount of deposit they accept is $200. You can place a trade for as low as $5 and they let you invest up to $20,000 per trade. You have to submit proof of identity documents whenever you want to perform a deposit or withdrawal.

Educational Materials

The Tropical Trade Academy offers a variety of educational materials including binary e-book, glossary, market analysis, trading strategies and trading signals. You need to have an account with them before you can access them.
Customer Support
Traders can contact the customer support through email, telephone and live chat. There are telephone support for customers located in North America, UK and Australia. There is one support email address which you can use to contact their customer support team whenever you face issues. It has a FAQ page where you can find answers to questions frequently asked about the platform, account registration, deposit and trading platform.

Option Web Platform Review

Option Web is powered by Spot Option that features 6 types of options including standard call/put, pairs, long term, short term, one touch and forex. Both the web based and downloadable desktop based SpotOption trading platforms are available. The long term options have an expiry of up to 1 year while the short term options have an expiry as short as 1 minute. The Double Up feature allows you to replicate a profitable trade with all the same parameters to increase your profits by twice.

The Roll Forward feature appears about 15 minutes prior to the expiry of your option. Using the Roll Forward feature enables you to extend the option by one more period. This feature is useful if you can see that your option is going to be out of money. The Buy-Me-Out feature allows you to sell the option before it expire. Option Web also support an Android and iOS compatible mobile platform so you can conveniently check your trades when you are on your mobile phone.

Option Web Trading Account

When researching for this review, we found out that Option Web offers different types of accounts:
• Starter
• Standard
• Silver
• Gold
• Platinum

The Starter account requires a combined payment starting from $200. Starter account’s members can only choose from 80 types of assets. The combined payment requirement for Standard account is $1,000 and Standard account’s members will get to choose from 120 assets. Silver account, also known as Paid account, has a combined payment requirement starting from $3,000. Gold account is for traders that are interested in making a combined payment of at least $10,000. Platinum account is for traders who intend to make a combined payment of at least $50,000. Diamonds account is designed for traders who want to make a big combined payment of at least $250,000. Customers of Silver, Gold, Platinum and Diamonds account will have access to the full range of 180 types of assets.

OptionWeb Education Center

There is a free ebook that provide basic guide on binary options trading and the important features on the trading platform. They also provide up to date news in the binary options market and daily reviews. The economic calendar records all the important events and you can make use of it to analyze the market. If you need help in studying and analyzing the graphs and charts, there is always a graphic expert ready to help you.

Deposits & Withdrawals

OptionWeb offers the two most common deposit/withdrawal methods which are credit/debit cards and bank wire. They also support other alternative deposit/withdrawal methods including Skrill, Neteller, Neosurf and paysafecad. They do not charge any fee for traders who want to make a deposit or withdrawal. Bank wire deposit only support transfers in two currencies including Euros and Dollars and it will takes 5 days for a bank wire deposit to arrive in your account. The withdrawal request is processed in between 1 – 5 days depending on the account level you sign up.

Customer Support

You can contact OptionWeb’s customer support by 3 ways including email contact form, telephone number, and live chat. Their customer support is open most of the time in weekdays. The website layout support 6 languages including English, Dutch, Spanish, French, Italian, Netherlands and Russians. They have a FAQ section that addresses questions in different areas such as platform, deposit/withdrawal, and account registration. There is a large video library and you can also take part in the interactive school.

Is Option Web a good broker?

As you see in this review, Option Web is a reliable binary options trader that has been authorized to operate in all Eurozone jurisdictions. They regularly organize trading contests with attractive trading prizes to help traders improve their trading skills.

Boss Capital Trading Platform

Boss Capital offers a reliable web based TechFinancials platform, that loads very fast and enables smooth trading. Boss Capital offers traders a couple of choices on the trading options including boundary, 60 seconds, call/put and touch. The expiry time frame for the short term options ranges from 60 seconds to 5 minutes. There are over two hundred asset types and they offer commodities such as gold silver and coffee. The return for the standard option is 85% for in-the-money trade but you can earn up to 360% on the high yield options. Boss Capitals do not offer any refund to traders who suffer losses from out-of-the-money trades.

The platform interface is simple and you can find all the features you need without having to navigate around for a long time. To start trading, you simply need to enter the investment amount and click on the buy button. The call and put buttons are conveniently located to the left side of the trading platform. The economic calendar is where you can find announcements on the important events. Boss Capital also offer a mobile platform that is compatible for Android and iOS devices.

Types of Boss Capital Trading Accounts

Boss Capital offers 5 account levels for traders with different investment capitals. The Mini account can be opened with a $500 minimum deposit plus they will credit your account with a 25% bonus. Uou need to deposit $1000 if you are interested in opening a Starter account. You will get rewarded with a 30% welcome bonus when you make the initial deposit into the Starter account. Silver account is for traders who has at least $5,000 to invest in trading. Boss Capital is offering a 50% bonus for Silver account holders.

The minimum requirement for Boss Capital’s Gold account is $10,000 and you will get up to 75% welcome bonus. Additionally, Gold account members will enjoy up to 3 risk free trades. If you want to open a Platinum account, you must deposit at least $25,000. Platinum account features 100% welcome bonus, 5 risk free trades and 3 guaranteed profit trades.

Boss Capital Trading Academy

Boss Capital trading academy is where you will find educational resources on binary options trading. You can download the free e-book to study the glossary binary options terms and learn how to implement the different trading strategies. There are video courses offers tutorials on advanced trading strategies in a clear and concise format. You will learn how to perform research and analysis on the market.

The online webinars offers a collection of pre-recorded live webinar that you can watch from your home. Boss Capital also offer academy sessions for traders but only members with silver account level and above can access them. Silver account holder gets 1 free academy session while Gold account can attend 2 academy session. But, if you have a Platinum account, you can attend 5 academy sessions. They will send 7 signals to your email if you subscribe to their trading signal service.

Customer Support

Boss Capital offers telephone support for 46 countries in South America, North America, Europe, Asia, Africa, and Oceania. They also offer 24/7 live chat support and email support for customers.


Boss Capital allows you to perform deposits and withdrawal via credit card, and bank wire. They accept 3 major credit cards including Visa, MasterCard and JCB. The minimum deposit amount depends on the method you use for depositing the funds into the account. The minimum deposit amount via credit card is $200 while the minimum deposit amount via bank wire is $500. The minimum withdrawal amount is USD $10 while the maximum withdrawal amount is $20,000. If you want to withdraw your bonus, you must meet a minimum trading volume of at least 30 times the bonus.


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