72Option Broker Review

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!

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

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3Easy steps to start trading
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1. Robot selects you the best assets to trade

Trading platforms have assests such as currencies, indices, commodities and stocks.

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2. Robot Predict the Price Movement

If robot predicts the price of the asset to rise, it selects Call(up). If robots prediction is that the price will fall, it select Put (down)

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3. Decide on the Amount to Invest

Decide how much you want to invest and the expiry time of the option.

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4. Collect the Winnings

Collect Winnings up to 100% of the correct trades.

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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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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.

16 comments

  1. 72 Option binary options trading is a great portal! You can try it out for yourself. However, being new, I am a bit skeptical about its overall performance. Therefore, I only trust Option Robot and IQ Option as the most reliable alternatives out there.Both of these binary options trading portals are highly legitimate and offer you high-end binary trading services for ultimate profits. You can trust the highly reliable brokers present with these binary trading portals which are responsible for generating higher profits upon your investment.

  2. I had read about 72 Options somewhere on the Internet before. I had not paid any attention to the same back then. But when I came across the review of 72 Option on this site, I thought of reading the same. I always read the reviews of different binary options trading portals on this site. It contains the most genuine and highly-rated reviews about different portals and software. Even this review about 72 Option changed my perception completely. This is a reliable binary options trading portal that lets you generate high profits on your investment. You can try it out!

  3. 72 Options is a great online binary options trading portal. Especially if you happen to be a beginner in binary options trading, then this binary options trading portal can be highly profitable. 72 Options binary trading portal offers highly educative materials to the traders. Therefore, if you are not aware of proper binary options trading industry, then you can invest in 72 Options to get proper knowledge as well while you do the binary trading. This will acknowledge you about the inside and out about binary options trading and how you can succeed in the same.

  4. It is a great thing that 72 Options binary options trading portal offers the ease of both trading as well as learning as you trade. It offers high-end training services that are aimed at educating the traders about how they should trade in the binary options trading industry. This is specifically useful for the traders who are new to binary trading and need some expert guidance. You can trust the training materials offered by 72 Options as this is a highly reliable binary options trading portal out there. I have myself gained a lot of knowledge through its training materials.

  5. There are various features that ensure that 72 Options is a great binary options trading platform. You can find several regulated brokers with 72 Options that can make you feel comfortable while you are investing your hard-earned money into the same. Moreover, 72 Options also lets you open a free dummy account wherein you do not have to invest any money. You can try out the entire binary options trading portal for free and then you can make your decision to go ahead with the same or not. As such, I have really liked 72 Options.

  6. 72 Option binary options trading software being relatively new, I would not like to put my entire trust in this trading platform. It can be quite a risky thing to trust this portal completely as there not many claims of traders earning substantial profits from the same. I would suggest even the first-time traders to not straightaway invest their money into this one. It might be reliable, but let time decide it. Until then, you can consider investing your money into Option Robot –the best and the most reliable binary options trading platform out there!

  7. 72 Options can take your heart away with its lucrative claims and offers. However, I would still suggest the traders to be a bit cautious and to not get carried away too easily. I have suffered myself by believing too easily. I came across this binary options trading portal named Profit Binary in the recent times. Even they were offering a great deal of high-end claims and offers to lure in the traders. In the end, I lost all my money. It is, therefore, greatly important to always do your part of research before believing any claims. Do not hurry into 72 Options now!

  8. 72 Option is a great online binary options trading portal that lets you do binary trading with much ease. Especially for the traders, it is a highly convenient option to open a free dummy account. Being a first-time trader myself, I will definitely try out the free dummy account offered by 72 Option. This functionality will help any trader test the reliability and usability of this binary options trading portal with much ease. In addition to this, 72 Option software also offers highly educational training material that can help you learn about binary options trading industry in a concise manner. Great one!

  9. It was great reading this detailed review about 72 Options from you. You have always written highly informative and well-researched reviews about different binary options trading portals that are present. As such, this review about 72 Options is a great one as this will make the traders aware that they would investing in the same at their own risk. There are no strong signs about the reliability and legitimacy of this trading portal. You have done a great job by unveiling all the possible aspects of this trading portal to the readers. Do safe trading!

  10. I am looking for some reliable binary options trading portal that would offer binary option without any limits. Can you suggest any such binary trading broker? That would be of great help! Also, let me how much do I need to invest in a single trade while making the investment in any reliable and legit binary options trading portal. Thanks!

  11. 72 Options Broker is relatively new. As such, it cannot be trusted completely. I have been investing in Option Robot since a long time and trust me, I have never suffered any loss in my binary trading. It has always helped my earn substantial profits in a less span of time. As such, I will always recommend all the binary traders to try out Option Robot for once in their financial term and feel the difference of winning each trade.Here has done an incredible job by posting a detailed review of 72 Option Broker.

  12. Great article Michael! It is always amazing learning about new binary options trading portals. Michael is doing a great job by posting new articles about the different brokers and trading portals as soon as they come up. After reading this article, I now know that 72 Option Broker is new to the industry and will take some time to grow its popularity. Till then, I would stick to my age-old partner Option Robot for making the desired investment.

  13. I wished I had known or read the review before. I have already invested my money into 72 Option Broker. Now, I think that I have done a major mistake by doing so. After reading the review, I am not fully convinced of the true results that I would get out of it. I should hope for the best! If it turns out bad, then I think I will go with Option Robot the next time!

  14. I am not fully convinced with the reliability and success of the 72 Option Broker. This is because after reading the review, I think that there is some loophole in the overall system. I beg to differ, but I do not feel confident about making any investment in this portal. Moreover, this is also too new and fresh to be trusted so soon. I would like to stick to Option Robot for making profits by investing money in this binary options trading portal only. Anyways, good research Michael!

  15. As 72 Option Broker was new at binary options trading industry, I was skeptical about it at first. However, now that I have read the complete review of the 72 Option Broker through this article, I have realized that this can be trusted. I would like to thank for writing such an informative article. I am now able to think clearly and can make the right decision. Option robot I think still beast most of the other systems.

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