Trader24-Binary Options Broker Review
| Company | Trader24 is property of FX Exchange Limited. |
| Type of broker | Trader24 is a Binary Options Broker. |
| Operating since | 2011. |
| Regulation | No information about it. |
| Country | The headquarters of this broker are located in Cyprus with offices in other countries like United Kingdom and United States |
| Assets | Trader24 offers the following financial instruments to trade with binary options:
-The earnins offered by this broker for binary options that expire “In The Money” are the following:
-In the case of options expiring Out The money, Trader24 allows to recover from 0% to 15% of the contract inversion. This feature allows to minimize the impact of losses for the trader´s account. |
| Accounts | For now, Trader24 offers one type of trading account for all customers regardless of the initial capital deposited by each trader. By this account, the client can access all services offered by this broker, such as the possibility to trade with various types of binary options, all the underlying assets (financial instruments such as stocks, currencies, etc.), the web based trading platform, bonuses and promotions for clients, and other additional services.Currently, the opening of the trading account is free. No previous deposit is required.
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| Platform | The trading platform of the broker is a web based application which requires no download or installation. It has the advantage that it can be accessed from anywhere with an Internet connection through the website of the broker which gives the trader a great versatility. This platform is designed specifically to trade with bove/Below, One Touch, custom and 60 seconds binary options and includes several tools and features that enable the trade management. These functions allow to open new positions and manage the options that are still active. It also has other basic trading functions such as updated prices of the underlying assets offered by Trader24, simple price charts and more. The trading platform of Trader24 has the following tools designed to increase the chances of successof the traders in their operations: -Options Builder: This very interesting feature of the trading platform of Trader24 allows to design binary options customized according to the needs and strategies of the trader. Thus, the investor has the option to modify the main parameters of the option contract, such as the time to maturity, the underlying asset, the option performance if it expires In The Money and the level of risk. -Roll Over: It is function that allows the trader to extend the maturity of an option, which is quite useful in those trades where the market has moved against the prediction made by the trader, so the option for the moment is Out of Money. In these cases, if the trader believes that the market will reverse its direction and move in the direction predicted at the beginning, this tool will extend the expiration period with a single click which at the same time automatically increase the investment by 30% of the initial investment (the potential yield of the option now is 30% higher). In summary, it provides a second opportunity for an option to expire In The Money. This feature is available up to 10 minutes before maturity. -Double Up: If an option which at the moment is “In The Money” is near maturity and the trader believes the market will continue in the same direction, this tool allows to increase (double) the size of the position with a single click . Thus, the trader can create a new operation under the same conditions as the original, but for the current price of the underlying asset. With this, the trader can benefit from a strong position in a market that is moving in the predicted direction as it allows to increase the investment and get double the profit potential if the operation is finished at the end in their favor. |
| Minimum account size | The minimum deposit to start trading with this broker is $250. |
| Minimum transaction size | 25 US dollars/euros/pounds. |
| Maximum transaction size | 1500 US dollars/euros/pounds. |
| Types of options | Trader24 allows its clients to trade with the following types of binary options: -Above/Below binary options: This type of binary option is the most common and traded in the market thanks to its simplicity and the quick and high returns that it offers to the trader. In this case, the investor must predict whether the price of the financial instrument (the underlying asset) will end up above or below the purchase price of the option once the contract expires. Generally, the period of expiry of the Above/Below option offered by Trader24 is one hour, however this may vary. For example, the client can trade with 60 seconds options. -One Touch Binary Options: It is a more complex type of binary options compared with the previous one. With these options, the trader must establish whether the underlying asset price is going to reach or not a predetermined price barrier. If the price reaches the barrier, then the option expires automatically without finishing its period of maturity. Typically, One Touch options have expiration periods which are higher than Above/Below options and generally provide yields of up to 500% as in the case of Trader24. -Custom Binary Options: These are customized Above/Below options in which the trader can specify the parameters and main characteristics of the option´s contract as the period of maturity, the underlying asset, the earning offered for options that expire In The Money and the level of risk. Its greatest advantage is that these are options that the traders can adapt to their needs and trading strategy. -60 seconds binary options: These are Above/Below options with a maturity of 60 seconds. Because of its short duration, these options are ideal choices for traders interested in making money with micro-movements of the market, especially in volatile instruments such as oil.
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| Demo account | For the moment, this broker does not offer a demo account, but the real trading account can be opened free of charge. |
| Payment options | The client of Trader24 has the following options to deposit and withdrawl funds: Bank Wire Transfer, Credit Card (the most important like Mastercard and VISA), Moneybookers and CashU. The deposits can be made in Euros, U.S. Dollars and sterlings. |
| Advantages |
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| Link to the website | |
| Open an account | |
| Main broker offers | Trader24 offers regular promotions and bonuses for new clients. The current promotion of this broker is:
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