The Growth of Online Trading

In the modern economic climate with job security falling and the need for personal retirement planning becoming increasingly essential, there has been an explosion in the number of people trading the various financial markets, with the private trader (who is someone trading their own money for their own profit) leading the way. This boom has been aided by the increasing availability of affordable internet access across the world, with online brokers seeing massive growth in client numbers in every market.

Binary markets?
There are many different markets to invest in, one of the simplest to understand and also fastest growing is binary options, but what exactly is it?
Binary options are a combination of the traditional options trading benefits of leverage and risk management with the liquidity and analysis focus of day trading. They form a financial instrument that allows you to simply trade on whether a market price for a given asset will go up or down within a set time period. The asset can be anything from a currency to a precious metal, and the time period can be a minute to a week, depending on your level of risk. The market leader in binary options is 24option, indeed a recent 24option review noted the clean easy to use interface as one of the stand out benefits of the website, and is likely one of the reasons so many new traders start their trading journey with them, because it is a very user friendly environment.
A closer look at 24option.com
Opening an account is straightforward, requiring a $250 deposit, made with a card or via bank transfer, and once the money is in the account it is fully functional.
Of course, for those starting out you will need a bit more than that to get going, and here 24option deliver as well. They have a comprehensive training and education structure with videos, a downloadable book and a free online course to give even the beginner a solid foundation in the theory of both binary options and trading strategy with which to start trading profitably.
The trading platform itself is web based, although there is also an app for mobile devices available for those that wish to use Android or Apple devices to trade.
The interface in both circumstances is clear and easy to use, with the return available and risk involved in any trade marked clearly before entry, like binary trading itself, the system is very streamlined and easy to understand.
Withdrawing money is just as easy, like most in the industry, 24option allow one withdrawal a month with no charge, the money can be transferred to a card or account as required and takes a couple of days. Withdrawals in addition to the free monthly one attract an additional charge that varies slightly depending on the method of transfer, it is worth noting 24option are fully licensed by the Cypriot financial authorities.

Whilst it is always important to understand that all forms of trading carry risk, and binary options are no different in this respect, looking around the website it is easy to see why they are growing so fast, everything is geared to ease of use, with good levels of return on successful trades and an adaptable risk management structure, it certainly for me would be the standout company in the binary option market.
For prospective Islamic investors the biggest issue is finding an online broker that operates accounts to comply with sharia economic principles. 24option have the option of an Islamic account available that complies with Muslim investment requirements, there is no Riba, and has full customer support in Arabic available , a recent 24option review noted this as one of the main reasons they have become the biggest binary option broker in the middle east.