Making money with binary options just became easier?
Is 24Winner an innovating broker or just another scam?
24Winner is making a buzz in the binary options industry, and comparing it to the top brokers will allow you to understand the risks and benefits of this new company.
The best way to protect your investment and increase your profits is by choosing the most reliable financial institution and work with experienced and accessible firms. Here is a look at how 24Winner compares to the leading brokers in binary trading.
TopOption is nowadays considered to be the model of safety and professionalism. It is the only company regulated both by the CySec in the European Union (same as 24Winner), as well as the FCA in the United Kingdom. It offers tutorials, webinars and personal assistance from a team of experienced investment consultants available to you. While the package offered by 24Winner seems promising, currently TopOption’s experience and track-record make it your best choice.
OptionBit is one of the largest binary brokers worldwide, and among the most reputable firms of the online trading community. What stands out as a huge advantage when compared to 24Winner is their unique, highly advanced trading signals tool. If you are looking for an edge and a boost to your results, Algobit, developed specifically for use in binary trading, is considered the most effective signals service in the market. It is available for free to OptionBit customers:
GOptions likewise has a free signals service, which 24Winner lacks. Although it’s automated trading tool is not as sophisticated as Algobit, GOptions does offer other unique advantages. With risk-free trades, it gives new traders the ability to earn money without any possibility of incurring in loss, regardless of the results, and in fact, starting out the trading sessions with a profit. With one-on-one training sessions and an excellent customer service, it is another leading broker for you.
24Winner is looking to innovate with new products and an exclusive trading platform. Yet the lack of experience of this broker is a huge concern. In that sense, it is definitely better to stick to well-known and respectable companies which offer their experience to you, than experiment with your money on a company that is still very much unknown.
What is 24Winner
24Winner is a new binary options broker, and although new brokers appear on the market constantly, this one is different in certain aspects:
- Owned by a major Forex broker
- Developed its own trading platform
- Promises new trading tools
- Has been involved in scam accusations
24Winner is owned by SafeCap investments Ltd, a company that owns several Forex trading sites, as well as a binary options site, TopOption. This firm is also known to have a connection to the online casino industry.
Considered to be a company that is very well funded and capable of investing large sums in the launching and development of its sites, 24Winner is SafeCap’s attempt at conquering the binary options field and becoming its prominent force.
Only a very few binary options brokers, such as TopOption and Anyoption, have developed their own trading environment. Most companies in the binary industry are in fact white label companies using a leased platform, from software developers such as SpotOption and Tradologic.
24Winner is introducing a new platform, announcing new trading tools and innovative features, and in this sense, immediately becoming a meaningful presence. More so, rumors are that it is ready to offer this platform to brokers worldwide, thus menacing SpotOption’s absolute leadership in the platform-providing services.
Therefore, 24Winner are not only a new broker as many others that are launched monthly, but a company with big plans for the online trading and gaming scene, which has marked binary options as its next goal.
Binary options are considered a high yielding investment which is equally high in risk. Using smart trading strategies and risk management methods is an important ingredient for any trader who treats this financial derivative seriously.
Adding risk to an already volatile tool such as binary options is never a good move, and in that sense, mention has to be made about scam accusations that SafeCap has faced recently and historically. Since this is the company that owns and operates 24Winner, clarifying a bit of its history is important.
As early as 2012, the company was based in the UK, yet it was apparently promptly closed, reopening in the territory of Gibraltar, an internet gaming save-haven. There are accusations and complaints on various forums about difficulties in obtaining funds, receiving withdrawals, and contacting the company.
It is unclear if the company still has a connection to Gibraltar, yet obviously now it is officially located in Cyprus, the European nation that has offered binary options brokers a real possibility to obtain regulation.
Since the scam allegations have been constant and vehement, it is perhaps advisable to wait until 24Winner defines its place in the binary trading market, and obtains a strong and positive reputation.
24Winner Payouts and Assets
24Winner has just been launched in 2014. It’s site is still not fully operational, and although it should be available in several languages (German, French, Spanish and Russian) currently it is in a test-mode rather than in its final version.
This broker claims to offer more than 180 assets, and that is accurate only if you consider currency pairings. Nonetheless, the list of stocks, indices and commodities has enough variety for any trader looking to create a profitable investment portfolio.
Nonetheless, the list of available currencies is not among the best in binary trading, and traders accustomed to a larger array of forex options might find this feature somewhat limited.
It is unclear yet what will the average payouts be. In reality, since binary options are a high yield investment, the payout percentage is not as meaningful as the broker’s ability to assist clients and offer proper financial guidance. It is left to be seen how 24Winner will perform on this front.
24Winner Review Summary
- 24Winner is a recently launched binary options broker
- When compared to leading brokers, 24Winner obviously lacks experience
- It also does not offer a trading signals tool or risk-free trades
- This company is owned and sponsored by SafeCap Investments Ltd, a Cypriot firm
- It is regulated by CySec and has developed its own trading platform
- Thus, its license should be considered an important assurance to the safety of your investment
- SafeCap owns several Forex sites and is relate to online gaming
- Scam accusations against the company that owns 24Winner are a red light and caution should be used
- Although a review of 24Winner indicates that the site of this broker seems promising, it is too early to recommend it to traders
- Binary trading is speculative and involves risk. Regardless of the company you chose to trade with, stick to a sound and safe strategy