24winner review a regulated binary options broker
If you're interested in trading with similar services, please read our review of TopOption , a binary options brokerage operated by Safecap Investments, the same operator as the former 24Winner.
Winner is a large casino and sports betting company that recently decided to start offering their players a binary options platform. In October they changed their name to 24Winner. They are located in Nicosia, Cyprus and are registered with financial regulatory agencies in many countries including; FCA in the United Kingdom, AMF in France and CONSOB in Italy, Spain, Netherlands, Germany, Sweden, Denmark, Hungary, Slovakia, Czech Republic.
They are also authorized under MiFID. The site offers traders the choice of numerous financial products and services in addition to user-friendly tools and information to help them get started. I was surprised to see when updating this review that a demo account is still not offered.
However, I must note that when researching this broker, it was implied elsewhere that although no mention of a demo account is made on the site, traders can make a personal request from the broker to opt for this option. When it comes to market indicators, 24winner has collected the top market indicators and lists then on an economic calendar so traders can stay up-to-date and in-the-know about the major factors that are influencing global markets.
The calendar shows exactly when the market indicator reports are to be published, explaining their significance, rating the importance of each report, and showing their real and predicted impact on affected currencies. There is also a listing for expiry rates for each asset. One of the key features of the 24Winner educational resource center is their daily market activity report which provides traders with crucial information that can be of tremendous benefit to them.
By accessing these reports on a daily basis, traders can track and often accurately predict in which direction a given asset is going. All the daily market reports are archived, so they can be continually reviewed and used for tracking trends. The video library offers a variety of introductory discussions, instruction on the basics of trading binary options as well as more advanced courses.
Webinars are mentioned as another feature offered at the education center. However, when doing this review, I found that the last webinar listed were quite old and there were no current ones mentioned. There were no other bonuses or promotions offered. Funding to accounts at 24Winner can be made using credit cards, bank transfers and a host of online payment programs such as Skrill, WebMoney and Neteller. Withdrawals are made using the same methods. Withdrawals can take up to 7 days to process.
There are no fees for withdrawals. A fax number goes through to their Cyprus office. Despite it being relatively new to binary option trading, 24Winner has managed to turn itself into a broker to be reckoned with. With its simplified trading platform and safe trading environment, traders feel confident in dealing with them. The choices of underlying assets also help to make trading a pleasurable experience.
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As a leveraged product losses are able to exceed initial deposits and capital is at risk.
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Advantages Wide Choice of Trading Accounts Highly Regulated Multi-lingual Support Generous Deposit Bonus. Disadvantages No Demo Details No MetaTrader4 Platform. Sara Patterson Review Date: Most Visited Forex Broker Reviews. About Us Contact Us. Enter your email address here: