You want to gather information from best options trading websites. 24Option is likely the most sophisticated of the binary options platforms that I’ve seen because of the plethora of types of binary option systems that they are offering to trade for different tenors.
1. The first type of binary option is their high/low, or above and below, option. These type of options are very similar, but the difference is the range that you can trade, in terms of where it needs to be above or below, as well as the payout profile. The standard high or low option is a standard above or below option, where the payouts are similar to industry standards, any where between 70 and 85 percent. To trade those types of options, you are looking to see if the market is going to be above or below the current levels.
Most of the expirees on there are the type of expirees that can be changed up and down the ladder. Their above or below options are similar to the extent that they have to be above or below a particular level, but the level is slightly higher or lower than the current level. These type of binary options have a payout that is much larger than standard, ranging from 200 to 400 percent. In terms of the expirees, they are actually pinpointing certain expirees, not giving you a plethora of choices. The assets that they trade are a full range of assets which include currencies, commodities, individual stocks, and a bunch of equity indices.
2. The second type of binary option that is offered by 24 Option are the one touch options. One touch options are also offered by other types of trading platforms, but here they, again, offer two different types of one touch options. A one touch option does not need to be above or below a specific level at the expiree. All it needs to do is touch a particular level prior to the expiring. In their standard one touch or no touch options, and a no touch option means that the asset will not touch a particular level, and if it does not touch that particular level before the expiree, they give you a pair.
That standard return is, again, between 70 and 85 percent on a number of different assets. Again, they list all the particular assets, as you can see here, that they trade on their platform. The actual times, again, are filled for you. So, you can’t customize those particular options. The high yield one touch option, again, similar to the standard, except the particular levels are higher or lower than the standard. For this privilege, they will give you a return that, again, is anywhere between 200 and 400 percent. They actually, again, as you can see, customize. They do not customize the particular expiree time for those particular one touch options.
3. The third type of binary option that is used by 24 Option are boundary options. These are options that actually have a particular range. The boundary for them is listed. As you can see, they will tell you, “Here’s the current market for the Euro against the US dollar, at 137.22.4,” and if it’s either above something that is five pips above or below, something that might be five pips below. You have a choice to determine whether it’s going to be in that range or out of that range, by the expiree time of the binary option. For their standard boundary binary options, the payouts again are anywhere between 70 and 85 percent. They also have the high yielding binary option. In that case, similar, the ranges might be a little bit further away. The return profile that they offer is much greater for that particular type of high yielding binary option.
They again list all the types of assets that you can trade, or again, in individual subcomponents, such as indices or forex or individual stocks. The last type of binary option that is offered by the 24 Option trading platform are short-term options. One nice feature that’s different than many of the other binary option platforms that offer 60 second options is they now offer 30 second options. As you can see, for 30 second options, the return profile is smaller than what you would normally see. Somewhere near. It can range from 60 to 80 percent. The expirees again are 30 seconds, and again, they list all the different assets that you can trade 30 second options for. They offer 60 second options as well. The payouts are a little higher than 30 second.
As you move up the scale to two minute options, and then again five minute options, the payout profiles climb slightly for each one of them. By having the opportunity to trade numerous types of binary options, this platform gives you the edge, in terms of what you might be looking for to trade different types of binary options indifferent circumstances and situations to try to benefit and trade.