23Traders is a popular binary options broker which operates in St. Vincent and the Grenadine under its parent company, Hermes Ventures Limited. The broker is regulated with the VFSC (Vanuatu International Financial Services Commission) under license number 14536, giving traders peace of mind that they are trading with a broker that strictly follows the regulations as laid out by the regulatory body.
According to 23Traders, the broker’s name is derived from the fact that they apparently brought together 23 trading experts to brainstorm and to come up with the ideal feature and services-set that they would like to see on a binary options trading platform. The end result is a top-notch broker that offers all the relevant tools, services and features which enable both new and experienced traders to master binary options trading.
Any review on a broker will focus on the trading platform and this 23Traders reviews is no different. As a core component of successful trading, 23Traders offers its traders an intuitive platform that is easy to use and to navigate. The 23Traders broker is powered by the white-label second generation of the popular SpotOption platform. The software is one of the newest binary options trading platforms developed by SpotOption. The trading software developer has added a variety of improvements to this particular version, with a key feature being the inclusion of improved trading charts featuring candlesticks.
Other features found on the trading platform are effective risk management tools including Sell, Rollover and Double Up. These tools enable a trader to reduce the risk of trading while securing the rewards. Each trade option on the platform also has a Trader Choice gauge which provides some insight into investor sentiment. The broker also offers a mobile trading platform which is an excellent feature for traders who enjoy trading while on the go. The trading app can be downloaded for free from the Apple App store or Google Play.