Digital trading platforms are like a community club for traders. This is the space where a trader gets to meet the brokers and from for new traders an area to learn and grow to be an experienced one. The whole world is now thriving for technological advancement. Trading platforms are no less in that race. Since there is a wide range of traders and the number is just increasing, number platforms are also growing. And this growth leads to a competition for which every platform has a different offering and exclusive benefits to provide the traders. And this whole situation works out for nothing but in favor of the traders.
24Option is another name of the platform which very much popular among the traders. Their presence in the industry created a significant milestone for other platforms to be inspired in this article who will know about 24option.
24option is one of the most popular platforms for trading. With sufficiently advanced technology, this platform also provides an excellent interface. The black and golden color theme 24option created a space in the trader’s memory. But more than anything, their brokers and unique offers, technologically advanced tools, the variation of instruments, and suffice the number of underlying assets got them rank as a platform, among many others. For new traders, it provides excellent educational supplement from which they can switch their level to a higher one.
Unlike other trading platforms, 24option offers four different kinds of accounts for the traders. Each five them is similar but has an individual specialty that distinguishes these accounts from one another. These accounts are VIP, Platinum, Gold, and basic trading account.
- VIP account: For the VIP account, the minimum deposit is 250,000$, five advanced lessons, and spread of 0.9 with EUR/USD currency pair along with a customizable account and five months subscription of the webinar.
- Platinum account: In Gold account trader pays 100,000$ as minimum fees, and a spread of 4 for EUR/USD currency pair, three months of webinar subscription, and three advanced video lessons.
- Gold account: Trader pays 25,000$ for minimum deposit and gets two basic lessons and one month of webinar subscription with a spread of 1.8 pips in EUR/USD
- Basic account: Here trader pays 250$ for deposit and gets access to webinar along with a spread of 2.5 in EUR/USD.
The main differences between accounts are the spread amount and the lessons. Otherwise, in VIP accounts, traders get a customizable platform.
Ones started as a binary options broker based Cyprus 24oppption now has expanded to a whole new level. 24options provide its users with a sufficient range of instruments to trade. For beginners, it gives access to educational materials that can enlighten a trader to earn a profit. You can use the platform in all sorts of devices and trade with varieties of brokers. As it is based in Cyprus, it is regulated by one of the most significant industries in the country.
Instruments and assets
It is in the mind of every trader to trade with different instruments and invest in a variety of assets. And an excellent characteristic of a trading platform is to provide its trader with this variation and an ample amount of assets to invest. You can get all the significant instruments to trader in24option, such as Forex, indices, commodities, CFDs, stocks, and cryptocurrencies. Traders get to trade with more than 140 underlying assets, which give them the freedom and comfort to invest.
With the progress of information technology, human life became much more straightforward as we always get our information instant with our phone or tabs. For anything you require, your groceries to electronic, we can find sufficient information or can even order it for a home delivery instantly with our phone through the use of apps. 24option is not behind it. It is supported in all the major devices and allows you to use MetaTrader 4, which is one of the most popular and advanced tools of trading.
Metatrader4 and Desktop usage
MetaTrader 4 is the most popular platform for trading. It provides the mot upgrader features for charting and technical analysis. It is without a doubt is not comparable with any other platform, and 24option is providing this opportunity to the trader to use MetaTrader 4 as well a desktop version of the platform, which is not as advanced as MetaTrader 4. Still, for primary usage, the desktop platform is sufficient.
24option has an excellent website that allows traders to trade online without any download or complications. It is simple to use and very user friendly. You need to sign in, and that is it, you are ready to trade.
24option does not want its clients to be away from trading; hence the mobile app is there for traders to trade with comfort. Trading takes place at different times through this app. A trader has access to the market at any time and any place. For which traders may not lose a chance to make a profit. This application is available for android or iOS. Also, you can use MetaTrader 4 for mobile for extra features.
24option provides a large number of educational materials such as a regular market report, e-book, and access to webinars. This E-book “Learn how to trade” is a basic tutorial for a beginner trader to learn trading at a primary level. And the regular market report helps traders to build profit-making strategies. There is a sufficient recorded webinar for new traders to hop on to when they get a chance.
Regulations and trust
There is a mixture of opinions when it comes to regulations and trust in for 24options. Some reviews are very pleasing, and some are very unsatisfactory. But the shift from Binary options trading to Forex and CFDs is proof that they are giving their best to regulate it. One of the significant issues is they are regulated in Cyprus by Cyprus security agency called CySec, which does not provide many restrictions in other first world countries. Still, recently, they are also being regulated in Europe.
IF you are a trader, then platform, interface, broker, and security are the four key factors to look for when you enter the world. Some platforms provides only registered licensed and reputed broker. With enough information, experience and knowledge, a trader gets to know which broker and platform can be relaiable and which are not. It is from the expert’s read and learns before you start trading and then use intuition and let your self fly in the world of trade.