On-line since: About the company: 72 Option is a binary options broker that has been operating in the industry for over seven years. Company. Fund security The 72 Option broker was founded in 2011 and is owned by Epic Ventures Ltd. The company is located in Sofia, Bulgaria. Its website has no information about the license. According to it, binary options trading does not require special trading skills or any previous trading experience. Both professional traders and beginners can trade these instruments. In fact, trading, including binary options, requires some training and knowledge. Therefore, it is very important that traders use some training materials. 72 Option uses SSL (Secure Sockets Layer) that encrypts all credit card payments on the Internet. But, nevertheless, this does not fully apply to the security of customer’s funds. So, possession of a licence from a reputable regulatory authority is necessary. As a rule, such regulators oblige brokers to keep money in segregated accounts and participate in the Investors Compensation Funds. However, one of the advantages of 72 Option is its broad background. It has been operating in the market for eight years. We advise traders to be cautious and, above all, read reviews about the company. Trading conditions 72 Option has one of the most diverse investment portfolios in the binary options industry. It includes 20 international stocks, 12 currency pairs, 7 commodities, and 20 indices. The broker also provides protection for traders against losses and enables them to increase profits using the Rollover and Double Up functions. The minimum deposit amount is $250. The lowest amount for withdrawing funds is $100 via bank cards and $500 via wire transfer. The broker does not charge commissions for depositing and withdrawing of funds. The process of withdrawal takes from 5 to 7 days. Trading platforms 72 Option uses a trading platform created by SpotOption. The platform supports various options, such as 60 seconds, Expiry options, Pairs, One touch, Ladder, and High/Low. A trader can select from more than a hundred assets for trading. Unfortunately, the company does not offer a demo account, so traders cannot test the platform and become familiar with all its functions. Bonuses 72 Option gives a sign up bonus which is available to all traders who deposit their new trading account. The percentage of the deposit that clients can receive as a bonus depends on the amount of the initial deposit. For large deposits, $10,000 or more, the bonus will be 100%. In addition, traders will receive $100 for attracting each new customer who has opened an account with the company. Analytics and news Traders can use the available training resources to improve their trading. 72 Option conducts trainings with professional traders, market analysts, and other experts on binary options. These classes can help traders acquire new skills and knowledge. Furthermore, every trader can receive a personal assistant for trading. Support service The support service of 72 Option responds quickly to questions via online chat. As a rule, emails are answered within one or two days. In addition, you can contact the service by phone. Payment methods Deposit and withdrawal procedures of the company are no different from the procedures of other Forex brokers. Deposits can be made in two ways: by credit/debit card or wire transfer. Advantages:
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I have been trading with 72 Option for a month. I can say that it's only wasting time trading with them because their system is down too often and it takes time to fix -sometimes more than 15 minutes- and of course, that situation really gave me a chance to lose my money. Once I made a withdrawal request, they processed it within a week. That many delays they gave and made me wait with no money. It's really wasting my time. I decided to close my account and stop using this broker for my trading.
I am very happy with 72 Option broker. It hasSpotOption trading platform and has web based platform which make trade comfortable. Staff have always been prompt and professional with me. Never had no issues withdrawing my money. Overall would definitely recommend them.
I am very uncomfortable with their rules. In my opinion this broker is not suitable for beginners as well as professionals. Often fickle, do not have distinctive features. I often experience long delays, mess up my trades, and don't fit my trading plan. They cancelled my profits and wouldn’t pay me my money. Their customer support was really rude and unprofessional. I am willing to close my account if my problem will not be solved .But I thought, my problem will not be solved, seeing the way they respond to the problem.
My options trading passing well with 72 Option broker, as their platform execute well and their spread is low. Also, 72 Option payment service is awesome, As I can withdraw my profits at any time. So I am happy with the 72 Option broker.
At first I thought that 72 Option has a lot of potential as a Forex broker but after finding out that this broker is not regulated, I decided not to continue opening an account with them. I think I made the right choice since from what I am seeing now, there are a lot of complaints against this broker.
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