From 24option to 24FX: A Successful binary options broker transits to forex

Ever since the emergence of binary options trading, this particular sector of the financial services industry has witnessed a booming, with many dedicated brokers entering the scene and offering their services to interested investors wishing to trade in binary options. Moreover, many of the already existing established forex brokers, appreciating the potential of binary options, decided to extend their offering and include in it the provision of binary options trading through the forex suite they are already employing.

The newer trend however, is in the opposite direction, with brokers who have initially entered the industry solely as binary options trading providers now moving into the forex segment of the market as well. One recent such example is the well-established binary broker 24option, which has launch a new website, namely 24FX.com, marking in this way its transition into offering a comprehensive list of forex services and trading instruments.

24FX as well as 24option, are both brands which are owned and operated by Rodeler Limited, which is a financial services company registered in the jurisdiction of the Republic of Cyprus and it is already authorized and regulated by the local regulator, the Cyprus Securities and Exchange Commission (CySEC), having obtained this license, with number 207/12, towards the end of 2013.

Building on the previous success of its sister site 24option, 24FX.com comes with the same high standards in terms of customer support, compliance, trader security and prompt fund transfer and withdrawal practices.

Forex trading through 24FX.com is conducted via the most popular platform in the world of forex trading, namely the MetaTrader4 (MT4), whose flexibility and flexibility adequately accommodates traders of all experience levels and budgets, ranging from absolute beginners to expert investors. Through the trading environment provided, information is clearly displayed allowing investors to gain instant access to four basic instruments and four different financial markets. Moreover, there is a wide range of underlying assets to invest in and the platform layout makes it easy to monitor multiple investments simultaneously, including forex pairs, CFDs, indices and commodities.

 

It will be interesting to see whether this transition of a binary options broker into forex will prove successful and whether other binary options brokers will follow suit, bringing a new flair of innovation and perhaps a new culture into forex trading.

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Varushka Vinogradova

Varushka Vinogradova is a prolific part of the global SEO community worldwide.

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