72Option Binary Options Broker Review
Everything there is to Know About 72Option Binary Options Broker
In the last 6 years, binary trading has gained a reputation as the easiest form of online trading and has increased quicker than any other subset of the industry.
What is 72Option?
72Option is a completely web-based binary options trading broker that has seen impressive growth in recent months. It offers users a professional yet easy to understand platform from which to execute trades. 72Option was hatched in 2015 promising excellent customer service and boasting a large number of assets for trading. Being that it is all online, the need for software downloads is eliminated, meaning as long as you’re connected to the web, you’re good to go. Thus far 72Option has generated interest from traders far and wide with its commitment to offering a safe, convenient, and enjoyable trading platform.
Trading Software and Platform
72Option joins many other binary options trading brokers in using the SpotOption trading platform. This web-based program, popular across the industry, provides a huge array of trading options for traders to choose from. Such as Long Term, High/Low, 60 Second, One Touch, Pairs, and Ladder options. As a widely used platform among brokers, improvements are continually being made, so users can rest easy in the knowledge that trading will be a smooth and efficient experience. Another plus for the platform is that no software needs to be downloaded so you can save storage space on your computer. It really is as easy as simply being connected to the internet.
Using 72Option on Mobile
In keeping with our society’s ever-increasing smartphone addiction, 72Option offers a convenient and simple to use app. The app is compatible with both iOS and Android devices, so users of both can take advantage of their trading account at the touch of a button. Downloading it allows traders to have worldwide access to their 72Option account features on the go via their mobile phone. This gives you peace of mind that you will never miss out on a golden opportunity to make money while out and about. Features of the app include real-time market information, and the ability to orchestrate a trade at your fingertips.
In-line with their values, opening a trading account with 72Option is safe, fast and simple, taking mere minutes to set up. All you’ll need to start is a minimum deposit of $250 which can be paid by credit or debit card or wire bank transfer. Initially, you’ll need to fill in a form providing contact details and then choose your trading currency. Simple. Once that’s done you are free to begin. They’ll go ahead and assign you your very own account manager based on the information you provided. This account manager will join the customer service team in being at your disposal 24/7 for any help you may need. You may even request a one on one live trading session with a broker, designed to help you realise your financial objectives.
Types of account
Great news! Accounts with 72Option binary options broker are free. You will not be charged for any action on your account, including conducting trades, nor will you be asked to part with any currency for the updating or upkeep of your trading account. The only money you will be required to part with in order to access the benefits of an account is the initial $250 deposit.
Account and Banking
72Option promises safe and secure banking. As such you will need to submit some identification in order to prove you are who you say you are prior to making the first transaction. Once this has been taken care of, there are several banking methods available allowing for convenient and easy money transfer between accounts.
Making a deposit can be done instantly via most major credit or debit cards (Visa, Mastercard, Maestro or Delta are all accepted). Alternatively, deposits can also be made via bank wire transfer.
When making withdrawals a minimum withdrawal amount is enforced. This figure is $500 for wire bank transfers and $100 for credit or debit card transactions. One thing to be aware of when making a withdrawal is that there will be a few days wait while the transaction is being processed and up to 5-7 working days delay before the money will show up in the trader’s account.
Nobody was born with the skills to trade successfully. Just like with anything in life, in order to be a great, traders need to continually strive for improvement. There are several ways in which 72Option promotes the development of its traders. This broker collates and provides up to date, reliable information for its users so that they can better their trading skills. But this is only one-way good traders are encouraged. Experts across the field, including market analysts and professionals, provide valuable training sessions and live webinars to those who want them. Perhaps the most valuable source of wisdom is the account manager who will offer great support, particularly to inexperienced traders looking to pick up quickly.
Trading Strategies and Education
Strong trading strategy knowledge comes with experience as a trader. However, it is also often stated that with just a little understanding and research anyone can succeed when it comes to binary options. The 72Option website boasts the helpful ‘strategy advisor’ option as one of the extra tools that put it ahead of other brokers. Clicking on this option will uncover advice on trades. Invaluable for those just finding their feet or those that just want to see their options laid out before making any decisions. It can also be useful for more seasoned traders too as the information comes from live charts in the market.
Unlike many other brokers, 72Option does not currently offer a demo account.
More on Trading
72Option boasts a large index of assets (110 as of December 2016) for traders to take their pick from. This includes stocks, indices, commodities, and currencies. This large number is a big plus as it allows the trader a greater choice of assets to trade with, depending on which ones suit their personal trading strategy. Of course, it is down to the individual to decide this for themselves in order to maximise their success as a trader.
- Return on Investment
This is an important one. The rate of return is obviously (and understandably) a make or break factor when looking at a broker. 72Option payouts are in line with industry standards at around 85% per trade, although this is variable depending on the trade. And the One Touch option offers potentially enormous returns of 720% making the.
Customer support is increasingly becoming one of the major benefits traders look for in a broker. And it’s no coincidence that this is one of the areas that 72Options prides itself in. With 24/7 access to both customer service teams and a dedicated account manager across a range of mediums (on the phone, over email or via live chat) traders in need will never be left to fend for themselves. Currently, the email response time is predicted at 1-2 days. Support is offered in English, German, Italian, and Chinese, and considering the global nature of this brokers growth these languages should be set to increase.
72Option started strong making swift progress in the industry and is set to become a firm favourite with traders, having already made its way into top ten lists prospects are looking good for this broker. It uses one of the best platforms on the market and offers first rate support to traders alongside other added extras like the strategy advisor.
One downside is the lack of a demo account. This means that those who are unsure of what they are doing must take their first steps with real money straight off the bat which may put off newcomers to binary options trading. However, the low $5 minimum on trades offsets this slightly as it allows beginners to trade without too much of a financial risk.
While the binary options industry boasts a huge number of brokers for traders to choose from, 72Option has the benefit of a reputation as a professional, reliable and supportive service provider. It has embraced the relative simplicity of binary trading and welcomes new or inexperienced traders with open arms. New and experienced traders alike will find the platform easy to navigate and full of useful benefits, I anticipate great things.