Launched in 2012 as the successor site to TradeSmarter, 24Bulls has made waves as one of the most user-friendly binary options brokers on the internet. Headquartered and regulated in Cyprus, the 24Bulls site strikes a great balance between functionality and simplicity, which is rare in the binary option business.
Their sleekly designed website clearly shows what they have to offer and is incredibly easy to navigate. The 24Bulls trading platform and offering is fairly basic, and is a solid bet for beginning traders, provided they deposit at least $500.
Software and Features
The 24Bulls trading platform is available entirely online through a web browser, without the need to download anything. The advantage of this is that the site can be accessed from any computer or mobile device at any time, allowing maximum access for on-the-go traders and the simplicity of the site means there are few slowdowns.
One regretfully absent feature of 24Bulls.com is a demo account, which is not offered. However, there are a few interesting and helpful features not found on other sites, including a simple option builder that allows users to customize an option and find an ideal balance of risk and reward as well as setting their own expiry time. And in addition to the standard charts there is an economic calendar, which provides a wealth of information to help time trades.
24Bulls has decided to adhere to the pure concept of binary options by offering only the standard put and call trades. As with most brokers these days, 60-second options are also available. There is currently a list of more than 50 different underlying securities which you can trade options on including stocks, commodities, indices, and currencies. While there is plenty for a new trader to wet their feet with, more veteran traders might find the number of options available a bit lacking.
While traders can open an account with as little as $250, the starter account offered with that is extremely limited, not offering the chance to trade indices and without any sort of bonus. Traders who deposit at least $500 gain access to a 50% bonus program with a Starter Plus Account. Higher deposit amounts propel traders to two levels of premium account, which have increased benefits such as personal account managers and frequent bonus promotions. There is also an Islamic account which conforms to Sharia law.
Traders will find that 24Bulls is one of the easiest and most open sites out there, offering tons of different languages, quality support, secure deposit methods, and gives you all the information you need about trading right up front. Veteran traders may find that 24Bulls.com just doesn’t provide enough of the information they crave and the trades they are looking for. But for For novice traders, it takes a lot of mystery out of binary options and makes them clear and accessible.