24Option binary trade options have been made keeping in mind the real time trading results and the customer requirements. It has many advantages and features which make it a hot favorite amongst traders. It is a member of the legally regulated and respected list of exclusive brokers for trading in binary options. It was launched in 2009 and is headed at Cyprus. It is regulated by Cyprus Securities Exchange Commission (CySEC) and this wipes out any possibility for 24Option to be a scam.
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Trading platforms: The major focus of 24Option is to provide a safe and secure trading experience to the investors. So, it uses a new and a different trading engine from Tech Financials. The other platforms used to offer the customers a unique and innovative trading experience, are Tradologic, SpotOption etc. It also offers an android application to help investors in trading even when they are on a move. They use live charts and pop-ups and make trading an interesting and an interactive session for the investors.
Expiry time frames: One of the features specific to 24Option is the short time frames for the expiry of a trade. These time frames range anywhere from 30 seconds to 5 minutes. So when the tradable asset is large, the expiry time also can be chosen accordingly from 30 seconds, 60 seconds to 5 minutes. Since the time frame is short, it requires the investor to be quick and alert while trading to avoid any possible losses.
Customer service: The customer service from 24Option is considered as one of its kinds. They are legally regulated by CySEC, which makes trading with them a safe bet. They offer 24 x 7 customer support for all enquiries. They provide customer service in 17 languages across the world, which allows people from other countries to trade using 24Options regardless of their geographical area.
Pros and cons of using 24Option
Their focus constantly is on supporting customers and to provide them with the best trading experience.
Offers attractive and eye-catching incentives with many other advantages.
Cash prizes and other material gifts are given to winners in trading competitions.
The very fact that it offers customer support in 17 languages across the world draws investors who might otherwise back-off due to language barriers.
Since it is named in the exclusive list of brokers that are highly reliable and is controlled by CySEC means it is not a scam. It looks like a secure and safe trading platform.
Many different types of assets like gold, silver, oil and other commodities can be traded under this type of binary options.
A demo account with an initial deposit of $250 is required at the beginning of the trade.
Short expiry time-frames can be deceiving to the investor, especially if he is new to the trading field and has less or no experience at all.
Though the 24Option platform for binary option trading is considered to be safe and secure, it is still advisable to take advice from a proper advisor and from a trustworthy broker.