It is a well-known binary broker who has its base set in Cyprus. This is a famous broker and it is also the most favorite broker of many traders in today’s world. The main reason for favoritism could be due to the face that this broker gives its investing traders many good incentives on a regular time schedule. This broker is also a very proactive broker. There are many traders out in there in the open who have been the prize winners of many cash awards regularly. There are monthly competitions held where there are lucky ones who always get hugely awarded.
It was initially owned by CBAY financials. There were managing all the activities of the broker. But today 24option comes under different management. This is a regulated broker and they hold proper licenses from Cyprus Securities Exchange Commission (CYSEC). They come under the license number: 207/13.The broker boasts one of the most fabulous trading platforms. They are innovative and very easy for the traders to follow and use. This option broker uses trading engine, unlike the other brokers who use third party sectors to give out supply information for the traders. This makes it the most unique broker who provides the traders with the assured safest platform and a secured environment.
Mobile trading strategies are always run with support from it. Traders are always on a look out where they can trade easily. In other words, they want accounts that can be managed easily, accessed from anywhere at any time and they can keep a check of the market round the clock. Mobile trading provides all of these features using application that can be installed and run on mobile devices.
24option provides few types of trading contracts. They are:
- Classic Binaries that comprises of above-below and high-low trading specifics.
- One Touch Binaries that are formed of Touch/No Touch and High Yield Touch Binaries
- Boundary Binaries: these binaries come with Standard Yield and High Yield Boundary Options
- Short Term Binaries: As the name states they are binaries that have a limited time of trading. Generally, the time ranges from approximately 30 seconds to 5 minutes.
Let us look at the advantages and disadvantages of the broker.
The advantages of the broker are as follows:
- The option broker has a very dedicated and prompt customer support service. They are very efficient in resolving trader queries.
- They provide the trader with awesome and handsome incentives.
- The trader is entitled to get lot of benefits from the broker
- If you are a trader with this broker, then you can also win many cash prizes from the competitions held.
- This broker had multi-language support.
- This broker covers all well-known the markets
Disadvantages of the broker are as follows:
- If the trader requires a demo account to be set-up by the broker, then he needs to have a deposit amount ready. Only if there is a deposit amount arranged the access will be given to the demo account.