23Traders is a relatively new broker, having started operations in 2013. Its parent company, Hermes Ventures Limited, is headquartered in St. Vincent and the Grenadines and is regulated by the VFSC (Vanuatu International Financial Services Commission) under the license number 14536. This regulation ensures that customer funds are safe and that 23Traders delivers transparent services to traders at all times.
The name 23Traders is derived from the fact that, before founding the brokerage firm, 23 traders of dynamic backgrounds met for a series of brainstorming sessions to deliberate on what the ultimate binary options broker would look like. The idea was to create a broker for the traders, by the traders and going by the numerous positive 23Traders reviews online today, it is evident that they have created the ultimate binary options brokerage that offers traders all the tools and services one needs in order to trade effectively.
No 23Traders review is complete without a mention of its advanced and revolutionary trading platform that uses superior technology. Powered by SpotOption, the 23Traders platform is very intuitive, user friendly and offers traders an incredible portal to the exciting world of binary options. For traders that prefer the convenience of trading while on the go, 23Traders has a complimentary mobile platform for both iOS and Android that delivers the full functionality of the desktop platform. Packed with useful features, such as historical asset price charts and the Trader Choice sentiment gauge, the 23Traders trading platform allows traders to get the most out of their trading activity.
Traders are also able to trade a variety of option types including the standard Binary Option (Call/Put), Speed options, such as 60 Seconds, Long Term options, Ladder, Pairs, One Touch as well as Forex and 23Traders CFD trading. The broker also offers a variety of expiry times from as short as 60 seconds, up to a year, enabling traders to diversify their trading portfolios with ease. The trading platform also offers a choice of risk management tools, such as Rollover and Double Up and these enable a trader to minimize the risks of trading while securing the rewards.
At 23Traders, traders can place binary trades on almost any type of financial asset. Commodities, such as silver, gold and crude oil, currencies, such as GBPUSD, EUR/USD, indices, such as DAX, Dow Jones, Nasdaq, Pairs, such as Twitter/Facebook and stocks, such as Microsoft, are all available for trading. 23Traders CFD trading is particularly impressive as it allows traders to trade these highly leveraged products with defined risk and reward. Equally exciting is 23Traders stock trading that allows traders to realize huge returns in a short time by simply making a prediction on the price movement of various shares without the obligation of owning any stock.
All these assets can be traded in the variety of contract types, such as the long term and speed options, which effectively widens the scope of profitability for traders. 23Traders CFD trading is especially lucrative as these products experience big price movements throughout.