With the multitude of binary option trading site available online, it’s hard to decide which is best for you. In these cases, the site most often recommended is so for a reason. This is most definitely the case with 24Option, with offices now open in London (enabling UK traders who open an account to visit and receive face-to-face training sessions).
Binary options trading combines the analytical aspects of day trading with the lucrative features of traditional options trading. This allows traders to maximize profits while minimally investing their time and capital. In simpler terms, it’s a financial tool that allows you to predict if the market price of an asset will rise or fall within a certain time period. Depending on your choice of trade, the period of expiry can range from one minute to a number of days.
Being one of the very first binary options to come online has helped 24Option offer customers the largest and most diverse range of trading options, earning themselves a solid reputation in the industry. There are so many different types of binary option types and trade you can make with them that may be difficult to categorize them all. Below is an overview of some of their more popular types of trades, all accessible via their online or new trading platforms:
24Option Binary Options Trading Types
High/Low Binary Options – All who trade binary options will eventually try their hand at the High/Low marketplace. Placing a trade on these types entails predicting whether any asset is going to rise or fall in value at any given time to correctly place and make a winning trade.
One Touch Binary Options – These are probably the most exciting type of trade to make in that you choose an asset you hope will reach an indicated price during the time period listed. Even the value falls after reaching that pricing, you still will have made a winning trade.
Boundary Binary Options – This type is a prediction that the price on any listed asset will fall within two different set amount. As long as it ends within this range you predict, you should come out on top.
Early Closure Binary Options – Placing an Early Closure Binary Option enables you to lock in a guaranteed winning profit since you will often be given the chance of closing that trade earlier than expected. Be advised you will received just a proportion of any winning payouts with this option.
Deposit and Withdrawal Options
One of 24Options guarantees is a quick payout when you cash out any amount from your account. In order to ensure everyone has an easy-to-use deposit option, 24Option currently have available all the following deposit options.
Credit Cards – All credit card deposits are processed in real time and will show up in your account instantly.
Skrill – Skrill is an online web wallet service that can be used to send money back and forth from the 24Option site. It also has the added benefit of low withdrawal fees.
Wire Transfer – Banking details for send money via wire transfer and Money Gram are available at the 24Option website.
Western Union – There are thousands of Western Union agents in every country in the world, making this one of the easiest options for transferring funds. It’s important to note that, much like Money and other wire transfer options, this can entail hefty fees when using their service
Forex Currency Trading
There also a huge number of Forex trading site possible when trading with 24Option. They have all currencies paired off, and if you believe a particular currency may rise or fall in value then trading with 24Option may be the best way test your skill in currency trading.
These are just a small sample of the various trading option available to you with 24Option. Please note that all such transaction invariably incur some amount of risk and no such transactions are completely guaranteed. For those just starting out using Binary Options trading, it may be wise to contact us to seek out face-to-face training session available in your area.Binary Options carry a high level of risk to your capital due to the volatility in the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.