Trading247 Review

Trading247

Rating: 1.0/10

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Broker	Trading247
US Traders Accepted
Company Name	Trading247
Headquarters	Australia
Regulation	No
Max Payout	75%
Out-of-Money Reward	10%
Trading Platform	SpotOption
Deposit Options	Bank transfer, credit/debit cards, Skrill, E-wallet
Deposit Currencies	AUD, USD or EUR
Minimum Deposit	$250
Minimum Trade	$25
Maximum Trade	$1,500
Online Since	2012
Trading Instruments	Forex, Commodities, Stocks, Indices
Number of Trading Instruments	193
Binary Option Types	Call & Down Option, One Touch, Option Builder, 60 Second, Pro Trader
Customer Support Types	E-mail, phone, live chat
Education Offered	Demo Video, How-to-Trade Page
Tools Offered	Daily Market Review, Weekly Market Review, Algo Alerts, Expiry Rates, Expiry Rates Rules, Live Financial News
Commission	$25 fee for wire transfer withdrawals
Languages	English, Chinese, Japanese, German
Demo Account	Yes, upon request.

Trading247 can be specially recognized for their extensive list of assets that includes about 200 financial instruments from different markets. Perhaps they offer the most comprehensive portfolio of assets to their clients. All assets have been categorized according to their global markets and thus traders can conveniently choose assets from their preferred markets. Besides offering a huge number of assets, Trading247 also offers an innovative “Buy Me Out” option, in which traders can sell their option before the expiry. This is a new feature that Trading247 provides to their clients enabling them to minimize their losses. However, the “Buy Me Out” feature is available in their Pro Trader option only.

Trading247 provides a 100% web-based trading platform to the traders, through which one can have an access to a number of assets from the global markets. They however do not reveal the name of their trading platform on their website. But the good news is that they provide a demo account so you can have an opportunity of gaining a familiarity of their trading platform in a practical manner. After you open an account with them, you need to e-mail your details to them in order to get your demo account. An account executive will come to your assistance to set up a demo account for you. Once you learn everything about their platform, you can fund your account in three currencies: Australian Dollar, US Dollar and Euro. The minimum funding requirement is of $250 and one can use credit cards, bank transfer as well as Skrill to fund their account. Australian traders may also use Domestic EFT for funding their accounts. The withdrawal fees depend upon the method of withdrawal. The credit card and debit card withdrawals are free from any charges while for withdrawals using bank transfers, one will have to pay a processing fee of $25 each time. The minimum trade size is $25 while the maximum is $1500.

Trading247 is headquartered in Australia and they are not a regulated company. They support four languages English, Chinese, Japanese, and German, and traders from across the globe, including the USA, can take advantage of their extensive list of assets to choose profitable ones to invest in. Trading247 offers live online support to the traders, providing an instant help by answering all the queries of the traders.

Trading Choices

A whopping 193 assets are available with Trading247 from the global markets. Thus, traders can choose a wide range of Forex, Commodities, Stocks, and Indexes for their investment purposes. Moreover, a payout of 60-75% with a 10% out of money guarantee can be a good opportunity for a trader to make money while a large number of choices are available to them. Even a newbie can feel more confident in investing with them, after using their practice account. The minimum trade size of $25 at an out of money reward of 10% may prove an affordable choice for most of the newbie traders who are new in the field of binary options trading.

Trading247 offers several kinds of options to their clients besides their regular binary of Call & Down Option. These include One Touch, Option Builder, 60 Second, and Pro Trader. Their One Touch option can be perfect for the experienced investors who want to make a profit of above 500% very quickly. The 60 Second option with Trading247 also brings a lucrative earning opportunity of 170% in just one minute. In Pro Trader, one can earn a 77% payout and a trader can also use the “Buy Me Out” opportunity to minimize the risks of trading.

However, Trading247 does not offer deposit bonuses to their clients. So, a trader who wants to earn deposit bonuses may get disappointed with them. Trading247 only offers bonuses as a part of their promotional program and only lucky traders can enjoy their bonus offerings. And if you ever earn a bonus from them, you need to fulfill their bonus withdrawal requirements in order to withdraw it into your account. You need to execute a trade of fifteen times the value of the volume on the basis of which the bonus is awarded to you. This reveals that only big traders can think of earning as well as withdrawing a bonus from them.

Technical Analysis

Trading247 offers different types of technical tools that can help the traders in a significant manner. Using their tools and analyses, traders can open profitable positions and can gain from the rapidly changing financial markets. Traders can take help of their Daily Market Review and Weekly Market Review to learn about the ongoing market developments and choose assets which can bring them more profits. The Expired Rates and Expiry Rates Rules that Trading247 offers can give a detailed insight about an asset and its profitability and market movements at a particular time. They also provide Algo Alerts which brings market updates at the beginning of each hour. This will help traders in getting signals and start trading at the beginning of each hour.

Learning & Support

Trading247 does not offer comprehensive learning resources, except their Demo Video and a How To Trade section on their website. But the good news is that they are offering a demo account. Both newbie as well as experienced traders can take help of their demo account to learn more about their trading platform. Since they do not reveal the name of their trading platform, the demo account can prove extremely advantageous to the trading enthusiasts.

Trading247 maintains a good customer support feature where customer support executives can always be found online to answer your queries. For getting an instant help, you need not to make an international call to their office, instead you can discuss your issues online via live chat.

Conclusion

For a beginner, Trading247 can appear to be a good broker, as they provide a demo account. But the minimum funding requirement of $250 may distract many of the newbie and small traders, as there are several brokers that maintain a minimum deposit level of just $100. However, Trading247 offers an out of reward guarantee of 10%, which can offer a protection for the money invested by a trader. However, their biggest draw is their extensive list of assets, which may draw the attention of both newbie and experienced traders alike. Big traders can think of earning bonuses too and can also take advantage of their “Buy Me Out” scheme, which is a unique offer of Trading247. But Trading247 is not a regulated company and thus many big traders may not prefer to choose them as their brokerage service provider, particularly when numerous regulated companies are available in the industry.

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