Min. Deposit: $250
|Doesn't Accepts US||Regulation||Payout|
|None||Up to 81%|
72option is a binary options broker based out of Europe. It was established in 2014. The web based trading platform allows for its members to purchase and sell binary option contracts via their trading portfolio. The mobile app, allows for the user to keep up with trending markets and make trades ‘on the go.’
- Payout : 81%
- Minimum Deposit: $250
- Regulation: No
- US Friendly: No
- Demo Account: Yes
- Bonus: Up to 100%
- Minimum Trade: $10
- No. of Assets: 50+
- Asset Classes: Stocks, Currencies, Commodities, Indices
- Trading Features: Call/Put, 60 second, One Touch, Option Builder
- Software Platform: SpotOption
Spot Option provides the trading platform which 72option customers use to run their trading activity. Spot Option is internationally known as the biggest binary option trading platform provider and operates platforms worldwide. 72option provides a service to customers, connecting them through this platform which allows for anyone interested to partake in the financial markets at a low cost with minimal commitment.
The featured trades used most with binary options are the standard Call/Put Trades; 60 Second Trades and Long Term Trades. These are essentially Call/Put Trades with designated expiry times.
One Touch Trades, aka Weekend Trades, were built to give speculators a chance to make trades during the weekends when markets are closed. The system started as a way to prep for the upcoming week, and has evolved in different style of binary option trades. Although, One Touch Trades are much more lucrative to the traditional binary option trade, with pay-outs as high as 720%, One Touch Trades are much more difficult to land ‘In the Money.’
Deposits and Withdrawals
Withdrawals and deposits can be made in a number of ways including debit/credit cards and wire transfers. New members are typically greeted with a welcome with bonus, as loyal members are rewarded with bonuses based on the trading volume of their portfolio. Members receive email promotions throughout the year, based on seasonal events and market conditions.
Withdrawals will take between 3 to 7 business days, depending on the withdrawal method.
Customer Support and Education
The broker is an English speaking company. The customer support staff is available 24/7 via chat, email and telephone, while account managers (whom are designated to each trader), are available during market hours. 72option provides a news review of the financial markets pertaining to binary option trades, as well as a live streaming channel of Bloomberg’s new network.
72option provides more assets and expiry times than the average binary option broker. The value of assets doesn’t change among brokers, as the value of the asset is determined by the markets. The expiry times do differ, so the fact that 72option provides more choices vis-à-vis time expiry makes them a better broker.
Binary options trading is simple and straight forward. Trades are either in the money or out, as the asset either rises above a certain limit or falls below it. Day traders make trades on their own without having to pay commission or transaction fees. It is the easiest way to enter the market as a non-accredited investor since the initial trading amount is minimal and the expiry times do not require commitments.