In a world where every white-label binary options broker seems to look the same, it is exciting to see a broker who stands out. Trading247, the Cyprus-Australian broker dedicated to offering trades 24 hours a day, 7 days a week, is one of those brokers. Though Trading247.com offers the same high-quality trading platform as other brokers, they set themselves apart with their huge amount of assets, large payouts, and by having some of the best banking policies in the business.
Software and Features
The popular and powerful SpotOption engine powers the Trading247 broker platform. Veteran traders will feel comfortable with this flexible platform while new traders will find it extremely easy to use and learn with. An iPhone app is also available for trading on the go with an Android app still in development at the time of our Trading247 review. Trading247 might not be the best site for newcomers to binary options trading, as their educational center is paltry, at best. That being said, the resources for experienced traders such as the market analyses and the opportunity to trade using trading signals and alerts from Algo Alerts is extremely useful. Customer support is available by phone in Australia, Japan, USA, New Zealand, and UK, while live chat is available around the clock, worldwide.
Option Types Offered
The amount of assets offered by Trading247 is almost shocking; they have more than 200 indices, stocks, commodities, and currencies which can be traded, more than nearly any other broker. These can be traded the normal SpotOption ways: call/put options, 60-second options, and one-touch options along with an options builder. There is also the Pro Option live chart platform where traders can adjust their trades in real-time and sell early, double up, or roll their trades over. Payouts are quite high, stretching to 90% (although Trading247 uses the number 190%, which is slightly misleading) while out-of-the-money trades return 10%.
Account Types Offered
Bucking the current trend, there are no tiered accounts at Trading247, every traders is treated individually. With the minimum deposit of $200, traders get access to all the basic features, as well as the opportunity to claim the Trading247 bonus of 50% the first deposit. With higher deposits, traders can be offered more benefits such as trade alerts and personalized coaching. The banking at Trading247 is incredibly good, with deposits and withdrawals processed quickly and secure transactions possible through major credit cards and wire transfers.
Pro traders will find themselves extremely satisfied with everything that Trading247 has to offer as they have done a remarkable job providing service to their customers. While not the best trading platform for beginners, there are very few things to complain about and a lot to like at Trading247.com.