Demo Accounts – 24Winner
One of the Binary Options brokers that has grown quite fast since its founding in 2008 is 24Winner. 24Winner provides several useful tools for traders so they are able to produce the largest amount of profit. 24Winner is specialized in Binary Options and has its headquarters located in Cyprus. This company is known for being properly regulated and for the variety of services offered to its customers, including various types of Binary Options which include Above/Below and Touch/No Touch. This broker also has a large amount of underlying assets of various types, plus a platform for online transactions with several integrated functions.
The process of opening an account with 24Winner is characterized by its speed and simplicity. In this case, the trader has to complete a simple form on the website of the company. In this form basic customer information such as full name, email, password and telephone number are requested. Once the account is accepted and activated in less than one day, the trader can start trading Binary Options once a certain deposit is made. The minimum deposit to start trading with 24Winner is $200.
24Winner has a website that is translated into several languages including English and Spanish. This site is characterized by being user friendly and easy to use, the value of information offered to its visitors (which includes data about the company), its regulations, the types of Binary Options provided by the underlying assets, trading conditions, promotions for new and regular customers, media contact, and further additional services for the trader and other related aspects.
Regarding customer service, this broker offers the usual media contact of this type of company, such as e-mail, telephone and live chat on the website, which operates 24 hours a day. The company staff are attentive and willing to answer any questions that a customer may have.
One of the main differences between 24Winner and other brokers is the occurrence of the Buy Me Out option. This function allows the operator to sell an option back to the broker before its expiration occurs. It can be useful when the trader believes that an option is to end Out The Money due to market behavior, and therefore, it is a way to lock in profits or minimize losses in a trade. When this function is used, the broker offers the price to buy the option and the trader has the ability to either accept or not. If the market moves in the direction predicted by the trader, the amount offered is a percentage of the profit that would have obtained the client if the option had expired at the time, but if the market direction is opposite to that predicted by the trader, the amount offered by the broker is a percentage of the initial amount invested.
24Winner is one of the Binary Options brokers that adds to the list of companies in this sector with a license from regulatory agencies for financial services as CySEC. This important advantage adds up to the various services offered by this company to its clients, which include the various types of options, promotions for the client, a variety of underlying assets to operate with Binary Options and services for education and training, among others. All of this makes 24Winner a great choice for every trader who is looking for a suitable broker to trade Binary Options.