247Binary option Broker

Company: 247Binary
Maximum Trade: -
Minimum Trade: $5
Minimum Deposit: $200
Withdrawal Fees: $25
Minimum Withdrawal: $100
Bonus: The bonus on the first deposit is 50% up to a limit of $10,000
Account Currencies: USD, GBP, EUR
Tradeable Asset: Forex, Indices, Stocks and Commodities
Trading Platform: SpotOption
Trading Instruments: Classic Binary Option, Short Term Options, Long Term Options, Option Builder, Touch Options, Pairs Options
Established: 2013
Licenses: Not Licensed
Location: Gibraltar
Regulation Status: Not Regulated
Payment Methods: Visa, Mastercard, Diners Club, Amex
Trading Plarform: 4.8/5
Website: 4.5/5
Banking: 4.8/5
Customer Service: 4.8/5
Bonuses: 4.5/5
Customer Experience: 4.6/5
Overall Score: 4.8/5
Assets: 5 out of 5
Reliability: 4/5
Withdrawal: 4.8/5

247binary-logo247Binary is the latest addition to the list of binary option brokers which was founded in 2013 and is operated by Eufala Investments LTD. They have their offices in Gibraltar. The company is new in the market but the founder members and the employees have several years of experience in the financial market. The trading platform offered by the company has cutting edge design that is so easy to understand and also the user interface is so simple that anyone can know where is located everything. They have the advantage of having learnt all this from the mistakes of other binary option brokers. They also provide to their customers educational materials after registering and video tutorial which is free of cost and that too without opening an account with them.

The trading platform offered by 247Binary is SpotOption which is also provided by SpotOption. They have the latest type of trading platform that provide to the customers both long terms as well as short term trading. They also have a number of online training and learning material. They offer to their customers a number of trading instruments like:

  • Classic binary option
  • Short Term options
  • Long term options
  • Option Builder
  • Touch Options and Pairs Option

Other than the trading instruments, 247Binary also provides to their customers some other features like:

Rollover- This is one feature which allows the trader to extend the expiry time of their options and hence is also known as Extend Trade. Rollover feature is provided for a premium amount which is a percentage of the initial investment amount.

Sell – Sell is an option which means early closure. The traders are allowed to sell their option early if they find that their trade is already in the money but there is still time left for its expiry.

Double Up- is a binary option feature which allows its traders to double their trade and purchase any ongoing option of interest instantly.

Opening an account with 247Binary is very easy and requires only filling up an online application form. The minimum deposit required to open an account with them is $200. The minimum amount required to invest to do the trade is $5. The minimum amount required for withdrawal is $100 and the fee for the same is $25. They do not provide any demo account to their customers. The account currencies allowed is EUR, USD and GBP. The company also offers to its customer bonus. The bonus offered is up to 50% and up to a limit of $10,000. The withdrawal and depositing methods provided by the company to its customers is Mastercard, Visa, Diners Club and Amex or American Express.

The customer support service provided by the company to its customers is available 24 hours and 7 days a week. The customer support staffs are trained well to handle all trading related queries. They also have an extensive FAQ section that answers most of the trading questions.

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