A Review of 23Traders Broker - Online Stock and CFD Trading - new-skyou

About 23Traders

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.

Trading Platform

Any review on a broker will focus on the trading platform and this 23Traders review 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 theApple App store or Google Play.

Trading Methods

Another improvement that the SpotOption platform introduces over 23Traders' previous platform is support for a greater number of option types, with traders now able to access various markets using 7 different trade options. The supported trading methods include:

Call/Put options
Speed options – Includes 60 seconds, 90, 120, 180 and 300 second options
One Touch options
Ladder options
Pair options
Long term options
Forex / CFD options

Whether your preference is the 23Traders stock trading or the 23Traders CFD trading, everything can be traded from the comfort of one platform. In addition, the platform has almost 90 different underlying global assets for traders to choose from. 23Traders stock trading involves more than 50 kinds of stocks as well as the innovative 23Traders CFD trading for investors looking for more variety in tradable assets. There are also 23 different market indices, 29 forex pairs as well as 9 commodity types. With the wide variety of expiry times also available, traders can diversify their trading portfolios with ease.