with Merit Financial Services
Our proposition to the FX options trader is truly unique given the depth of our product offering, the quality of analytics we provide, and the level of service we make available to our clients.
FX options enable you to express a view on the underlying spot price moving higher, lower or sideways, or to take a view on future volatility. FX options also provide more alternatives in relation to controlling risk, and can be used as a viable alternative to using a stop loss order.
Options allow you to trade on the future value of an underlying market. They give you the right, but not the obligation, to buy (known as a call option) or sell (a put option) at a set price (known as the strike price) on or before a certain date.
They’re an incredibly versatile product, allowing you to take a short-term view on volatility as well as directional movement.
Options can also be used to manage risk in your portfolio. Investors with long positions on stocks or commodities can hedge against a drop in the underlying price by taking out a put option. A key advantage of this tactic is that your maximum loss is known from the outset.
Forex Options trading is a more advanced type of currency trading available with a MeritFin online trading account. FX Options can be used to facilitate a number of trading strategies on a medium to long-term investment timeline, as well as offering excellent opportunities for hedging spot positions. Forex Options are available for currency crosses and Gold and Silver against the US dollar. Through your MeritFin trading account you gain access to:
Adapt options for market situations, including rising, falling and sideways markets
Know your maximum potential loss from the outset
We offer daily, weekly, quarterly and future positions
Take advantage of low spreads on a wide range of popular markets
Utilise low margins and high leverage rates, but remember leverage comes with increased risk
Analyse the markets with pattern-identification technology and a wide range of technical indicators