From all the many trading options one binary option stands out. It is the 24option binary trading platform. It has been a consistent performer and traders trust and respect this option a lot.
Apart from being a web-based option, the brokers have launched an app for all mobile devices, making it even more convenient to use. Even though 24option has a few drawbacks, its advantages outweigh them. Here are some of the benefits of using this trading option.
Other than the commodities, indices and stocks etc. this binary option offers currency pairing, which is very unique. Then there are various types of trading. There are the standard ones and also the high-profit ones. These are namely, High/Low, Touch/ No touch, Boundary and Short term.
This binary option offers three types of accounts that a trader may open. The standard account, which is the basic account, then the Gold account and the Platinum trading account. All the three accounts have their own pros and cons. The trader gets to decide which account he wants to open and trade in. The lowest initial deposit to open an account is $250. Even to open the Demo account a person has to deposit $250, though it is refundable in case the trader decides not to continue.
It is a surprise that this platform does not have many trading tools. There is one tool, though, that it does have, and that really is very good. It is the early close tool. This allows the trader to close the trade as and when he deems fit. So if he is in profit he can close the trade and take the profit.
The profit range is between 60% and 89%, which is really very good. And at the high-end trades it can go up to 350%.this platform also has a good customer care system in place. Online briefings and seminars are held for beginners to teach them the different ways to earn profit and to trade properly. There is a Demo account available on request, but the initial deposit is $250, which is higher than in any other platform.
The bonus system is also good on this platform. A trader gets bonus of up to 100% on his initial deposit and that is a good way to get more money to invest in the trade.
It is also one of the safest and secure platforms to trade on. It is regulated by the proper authorities and gives much security to its clients
Overall, it can be said that 20option is a very useful and good binary trading option, and it gives very high returns. No wonder most binary traders choose it as their trading option.