Why should people trade binary options as opposed to Forex?
Simply put, binary options allow traders more flexibility and more consistent returns that forex can provide. Trading binary options you know exactly what the return and investment amounts are and this information allows you to trade more effectively than if you only trade forex options.
Are binary options trading closer to Forex or to gaming?
Binary options are a market based investment opportunity. That means they are tied to how the market performs whereas gaming is based on luck. Binary options are market reactive investments and are not based on luck. This is the main difference between any form of investing and gaming. Gaming by definition is based on luck whereas investing success is based on market factors and shred investing.
What differentiates you from your competitors?
Our corporate focus is to create the best trading environment for our traders. Our traders recognize our dedication and that’s why one of the main reasons we’ve become the industry’s leading platform.
Do you believe in offering bonuses and promotions?
Yes! We believe in rewarding both our new and current customers with very attractive bonuses. One of the reasons we offer bonuses is our platform is the most profitable on the web. By offering bonuses we allow our traders to become more profitable. We also believe that bonuses show our commitment to our traders to ensure that they can earn maximum profit.
How would you reassure our readers that may be a little nervous about getting involved with binary options trading?
I think part of that hesitation comes from the newness of the industry. I think the best thing to do is to request a demo account and familiarize yourself with a platform. The more new traders learn about binary options the more they realize they can apply traditional trading strategies to binary options with great results.
What type of traders do you cater for?
We accept traders from all walks of life. However, we pride ourselves on being a serious platform with a serious clientele. What this means is we want our traders to be as serious about trading as we are about providing them with the best trading platform possible. We offer our traders a variety of options to get acquainted with our platform and various levels of membership including Gold and Platinum levels which actually and a percentage of return on every trade you make.
What advice would you give new traders?
Be patient. Finding the right trading strategy and getting accustomed to the markets can take a little bit of practice. If you need any assistance with learning the market, please don’t hesitate to contact our trader assistance center.
What do you personally trade?
As one of the principles of the company, I must refrain from trading to avoid an apparent conflict of interest. But I do monitor the EUR/JPY pretty closely. One of the great features that our platform offers is the 60 second options. These options allow you to invest on your favorite assets and profit within a minute. It really is one of the great new additions that we’ve brought to our platform over the last few weeks.
Does 24option have any exciting plans in the near future?
We are really excited for regulation process which we have begun with the Cyprus which will make us the first binary options platform regulated in the EU. This will provide our traders that extra level of security that other platforms do not have. We are very excited about this. We have just raised our limits so now traders can invest up to $20,000 on every trade. No other broker provides this level of commitment to its traders.
In addition to this, we already have the most advanced video center that gives our traders a number of lessons about binary options trading as well as general trading strategies that can really improve overall trading success. But always keep checking the site; we are constantly adding new assets every week.
What do you see happening in the future of binary options trading?
It needs to become a regulated industry and I’m proud that we are leading that charge. Binary options are fiscal tool and I believe in transparency and look forward to being regulated. Those platforms that do not join the regulation game will, I believe, fall by the wayside. Would you let a non-certified mechanic work on your car? Then why do the same with your investments?
On other fronts in the binary options world, I think the current one-upmanship on higher returns is only going to go so far until traders really turn to focus on the platforms that are stable and intuitive, rather than the quick money. This in turn will allow the best platforms to rise to the top and coupled with regulation will create a binary options industry that is transparent and extremely lucrative. And we at 24option are excited to lead the industry in this direction.