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FXBoxOption - Exotic Options Made Simple

The OANDA FXTrade platform includes a form of options trading called FXBoxOption. This feature lets OANDA clients trade options through a simple, well-understood graphical user interface. Now the everyday trader can buy and sell a complex structured options product that used to be available only to the sophisticated institutional investor.

The OANDA FXBoxOption feature empowers traders to define their own options in real-time:

  • Option strategies enable the trader to cap the risk (unlike margin-based trading, where the trader has to take potentially unlimited risk to participate on the upside). The ability to carefully control risk makes intra-day options trading attractive to short-term traders.
  • FXBoxOptions can be used to trade intra-day options with time horizons as short as 5 minutes (Unlike traditional options, which are typically only available for time horizons of one or more days).

Learn more about FXBoxOption

Try FXBoxOption free risk

 

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How to use FXBoxOption

  • Using your mouse, you draw a box on the screen
  • You select hit or miss to indicate whether you expect the rates to hit or miss your drawn box
  • The system informs you what the pay out is if the rate later hits/misses the box
  • You decide whether you want to invest and if so how much
  • If the rate later hits/misses your box, you get the specified payout
  • Otherwise you forfeit your investment

Features:

  • You know in advance what you pay, the maximum you can lose, and what your payout is if successful
  • Intraday time frames