Who is 24option?
24Option is a binary options broker based in the British Virgin Isles. That is in contrast to most binary brokers who usually set up shop in Cyprus. Both of these countries are considered to be tax havens, which explains why they are so popular among the brokers.
That being said, a majority of the brokers do find themselves to be regulated by either the Capriotic CySEC or some other European body.
Among all the brokers, 24option are by far the largest and most well known. They offer an extensive asset portfolio, which includes stocks, foreign exchanges, indices and of course commodities.
24Option offers a lot of flexibility to their customers, meaning that traders can choose what expiration they prefer on their options, and they even have the option of choosing between regular and high yield options. The high yield options of course also hold a higher risk, but they are much better in terms of the payout that can be achieved. I'm talking about payouts up to 250%. Where else can you enter a trade and within one hour get a 250% profit on your investment.
That is the beauty of binary options trading. However, like all good things, there are also downsides. Binary trading has its risks, and anyone trading should be aware of this. The best advice to reduce risk is to do your homework. Get familiar with how the professionals trade and how they perform risk management. That way you can also manage your own risks better.
That being said, a majority of the brokers do find themselves to be regulated by either the Capriotic CySEC or some other European body.
Among all the brokers, 24option are by far the largest and most well known. They offer an extensive asset portfolio, which includes stocks, foreign exchanges, indices and of course commodities.
24Option offers a lot of flexibility to their customers, meaning that traders can choose what expiration they prefer on their options, and they even have the option of choosing between regular and high yield options. The high yield options of course also hold a higher risk, but they are much better in terms of the payout that can be achieved. I'm talking about payouts up to 250%. Where else can you enter a trade and within one hour get a 250% profit on your investment.
That is the beauty of binary options trading. However, like all good things, there are also downsides. Binary trading has its risks, and anyone trading should be aware of this. The best advice to reduce risk is to do your homework. Get familiar with how the professionals trade and how they perform risk management. That way you can also manage your own risks better.