72Option Broker Review

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With binary options trading experiencing one of its most important growth periods, brokers and trading platforms are coming into the market in numbers never seen before. Reviewing them is perhaps the best way to separate the wheat from the chaff. 72Option is a fairly new binary options broker that has been very visible in recent months. As a trader, you will find this broker has an exciting new platform to trade from. The broker has a wide asset index like IQ Option has as well as an enhanced customized service policy. It looks like a professional service. Test also the Option Robot for automated trading!

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Features of 72Option Trading Software

This broker uses the SpotOption trading platform. It is one of the most popular trading platforms among all the best binary options brokers in binary options. This platform offers a wide variety of trading options giving traders a wide choice of options that they can trade with at any time. SpotOption supports many of the leasing brokers and it’s no surprise to see that it’s attracting new brokers as well. With SpotOption, traders are assured of a smooth trading experience especially with all the improvements made in recent updates.

Payouts

The payout that a broker offers traders is a crucial factor when looking at the worthiness of a broker. People trade in binary options for the return on investment; all other features are supposed to complement these returns. 72Option offers a maximum payout of 85% per trade. This payout is not standard for all trades. Some assets will have a larger payout than others. As a trader, you may want to look for the assets that suit you and your trading strategy.

72option main page

72option main page

Customer support

Traders in binary options are increasingly viewing the level and professionalism of a broker’s client support as one of the main features to look out for when they are selecting a broker. 72Option seems to have a good customer support system. The staff helping you out are knowledgeable and helpful. They also respond quite efficiently especially when you are seeking assistance through the live chat feature. We can only hope that the standards don’t drop as time goes on. With this broker, traders have the option of contacting the helpdesk via live chat, email or telephone. For email queries, the response is usually within one or two days. Currently you can obtain help if you use any of the following languages: English, Italian, German and Chinese. With the expansion of binary options across the globe, 72Option will have no choice but to expand on these languages.

Banking

For security and verification purposes, you will need to send some ID verification documents for the deposit and first withdrawal. The best thing to do, is to send the documents straight away to avoid delays in future deposits and withdrawals. If you want to make a deposit, you can use any of the following accepted cards: Delta, MasterCard, Visa and Maestro. Bank wire transfers are also accepted. Net Wallets are not accepted by 72Option. The minimum initial deposit with this broker is $250. For withdrawals, the broker restricts traders to a minimum of $100 if you wish to withdraw using bank wire transfer, or $500 if you want to withdraw by credit or debit card. Withdrawals here take a little longer to be processed; five to seven business days. This quite a long period considering most brokers are aiming for a one or two day wait for withdrawals.

Bonuses

All brokers in binary options give bonuses to traders. 72Option give a signup bonus. It is given to all traders who make a deposit into their new trading account. The percentage of the deposit that you will receive as a bonus will depend on the amount that you posted as your deposit. For large deposits, $10,000 or more, the bonus will be 100%. There is also a refer-a-friend bonus of $100 every time a trader you have introduced to 72Option brokers opens a trading account.

While bonuses are good and give the trader an extra amount to trade with, they almost always come with stringent conditions. For 72Option, you must trade the amount equivalent to your deposit at least 30 times before you are able to withdraw your profits from trading these bonuses. It is good to study the terms and conditions regarding bonuses so you can decide if you want to accept them or opt out.

72option trading system
72option trading system

Four Different Option Types

Call and Put Options

This is the basic binary options trading option. It involves a simple prediction, whether the price of an asset will rise or fall within a specific time frame. Here, a trader will buy a “call” option if they predict that the price of a specific asset will rise. If they predict that the specific asset’s price will fall, they will buy a “put” option. The trader will then select the time period in which they think the price will have changed to their prediction. This is the expiry time. A stake in monetary terms will be put forth for this trade. The trade matures when this time expires and the trader either wins a return or loses his entire investment.

One Touch

This is an option with very high returns, 72Option offers payouts as high as 720%. This makes it the one option that commands the highest earnings per trade. The reason why this payout is so high is that the chances of being ‘in the money’ with this trade is significantly lower than in the “call” or “put” options.

60 Seconds

This option is different from the “call” or “put” option in that the trader is required to select the specifics of the asset, the amount and then the direction of the price. It has a predetermined expiry time of 60 seconds hence the name. It is very popular with traders because it is specific, it is quick and it is quite simple.

Option Builder

Here, traders have the privilege of determining their own ratios for profit and loss. It is a little more complicated but experienced traders like it because they can assume full control over their trades and their execution.

The Range of Expiry Periods

72Option also provides a total 10 expiry periods within which traders can base their trades on. These periods are:

  • 30 seconds
  • 60 seconds
  • 90 seconds
  • 2 minutes
  • 5 minutes
  • 15 minutes
  • 30 minutes
  • 45 minutes
  • 1 hour
  • End Of Day
72option profits
72option profits

Mobile App

With more and more people using mobile devices for their internet access for business and personal matters, it is inevitable that modern binary option brokers have applications that enable traders access to their accounts via smartphones. 72Option have developed their own app which is available on iOS and Android platforms. With these apps, traders have full access to their trading accounts including receiving option signals, selecting expiry periods and executing trades. Traders all over the world will have real time info on mobile devices and they can now trade wherever they are and at whatever time they want.

Account Opening at 72Option

Opening a trading account has never been easier in binary options. With the 72Option broker, you will have your account up and running within minutes. On the first page there is a form that you need to fill out with your contact details. You will then customize your account by defining aspects such as the currency that you will use to trade, and the options you will use for making deposits and withdrawals. You will also make your minimum deposit which in this case is set at a minimum of $250.

Free Account

72Option is free to trade with. To make trades with this broker, you need an account. What will not be needed from you is a fee to open the account. Apart from the initial deposit, which is your money anyway, you will not be asked to part with any more money to open, maintain or update your account.

Training

To be a good trader, you must keep making an effort to improve yourself in terms of information, strategies, updates, interpretation of signals and the execution of trades. 72Option makes this possible by preparing and disseminating among the traders, information that is reliable, timely and helpful. Traders can use the available resources to improve themselves so that they can be more profitable in the binary options market.

With 72Option, there are direct training sessions with professional traders, market analysts, and other experts in binary options. These sessions are to help traders gain skills and knowledge. This training is especially essential for beginners. It will help them find their footing in the confusing world that binary options can be. There are also live webinars where traders are invited to learn about general information on binary options and how to make it work with 72Option brokers.

All traders are allocated a personal account manager. Their work is cut out for them, especially with beginners who want to learn as quickly as possible so that they can start trading seriously.

The Asset Index at 72Option

72Option has more than 120 different assets that traders can trade with. It will be up to the trader to find out which assets work out best for them. The beauty of a wide asset index is the freedom to choose which asset to trade with at any time. The assets are in the main indices, the most profitable commodities, currencies and the main global stocks.

Strategy Advisor

To succeed in binary options, traders need to use a wide range of trading strategies. Some of them they will formulate for themselves as their experience in binary options expands. Others will be provided by the broker. 72Option has a strategy adviser in their system. It is a series of charts and graphs that help the trader determine the best strategies for all trades that they make. Taking advantage of this tool is good for the traders because it is based on live charts in the financial markets.

72Option as a broker
72Option advertisement.

Signals

Trades will not be successful if they are not backed up by great signals. This means that your broker must be able to generate the best signals. 72Option has been found to have an accuracy of 70% to 75%. This is not the best in the market but it is impressive all the same. Although the broker does not prevent any trader from engaging an independent signal provider, if they think it will be beneficial to them, traders here will be unlikely to need to engage the services of independent signal providers.

Support for Beginners

As is the case everywhere, experience will help you make higher profits than someone who is not experienced. For beginners, it may seem a little rough in the beginning. This broker welcomes beginners with open arms. This is because they realize that a well natured novice turns into a very good trader, with time. The training facilities this broker has are modern and streamlined to meet the demands of the modern binary options trader. The presence of an account manager solves a lot of problems for the new trader. This is because they hold the hand of a new trader and guides them to experience and profitability.

Conclusion

72Option looks like it will be a good binary options trader in time. Being new, the signs are there, but they are not conclusive enough to declare it a great broker that you should make your investments with. This broker should be given more time so that they can prove themselves in this competitive market. The fact that they do not have a demo account is a little off-putting, especially for beginners. A dummy account to make their baby moves with before they move to make real money trades is a big drawcard for a novice.

What you should do now is to opt for Binary Option Robot as your broker. This is because they are experienced, reliable and have a good track record of having a good return on investment for traders who have opted to use them as their broker. With a trading system that is already successful in the binary options market, you will not go wrong with Binary Option Robot.

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Michael Allen Gives Overall Rating:

Author: Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.

michael-allen

Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.

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