72 Option was founded in 2011 and is owned by Epic Ventures Ltd. The company is based in Sofia, Bulgaria and it is unclear if this binary options broker is regulated.
As more and more traders flock to 72 Option’s services, it’s only fair to give this broker an honest review.
Opening an account with 72 Option requires a minimum deposit of at least $250. They accept USD, EUR, and GBP. The minimum amount trader’s are able to withdraw includes $100 by credit or debit card, and $500 by bank wire transfer.
There appears to be several educational advantages to trading with 72 Option. The company provides one-on-one live trading sessions for free at the request of their personal account manager. In addition, their SuperTrader TV section is packed with videos covering trading tips, market reviews, tactics and analytics. They also occasionally give away free long-term trading signals.
72 Option offers one of the most diverse sets of trading instruments in the industry. This includes 20 international stocks, 12 currency pairs, 7 commodities, and 20 indices.
72 Option uses the widely popular SpotOption trading platform. SpotOption gives traders a number of ways to profit from binary options trading. This includes:
- Standard High/Low options
- Pair trading
- Long-Term Options
- 60 Second Options
- One Touch Options
- Ladder Options
- FX/CFD Trading
They also utilize the social trade copy feature Spot Follow, where new and inexperienced traders can profit off trades made by experienced investors. When compared to trading with other brokers, 72 Options comes with significantly less risk.
This is due to the fact losing trades come with a 10% return. So if you invest $100 in a trade but the expiry ends out of the money, you still get $10 back. They also include Rollover and Double Up features, which allows traders to protect winning trades and reduce risk exposure.
Is 72 Option Legitimate?
After checking out a number of reviews from current and past customers, it’s safe to say that 72 Option is a legitimate company. It appears traders have had no withdrawal issues, experienced major price slippage, or had a particularly negative experience with this broker. We only wish 72 Option was regulated to further guarantee its safety. So far this company can be classified as a trusted broker that has been in the industry since 2011 and is very popular among traders worldwide.