Broker 24option plans to leave the industry of binary options. Already this week the company stops accepting deposits from new traders residing on the territory of the European Union, and from next week this change will affect new customers from other countries.
This step will mark a huge change in the business 24option, which intends to focus exclusively on expanding its offer in the field of currency trading and CFD. At the same time, the broker will continue to accept applications from existing clients selling binary options.
New clients of the company will be able to enter into transactions only with currencies and contracts for difference. As part of this strategic step, 24option enters a competitive environment, where the broker will have to compete for a place in the sun with a number of established industry players.
Two weeks ago, the edition of we are reported that 24option had decided to make the offer of CFD trading services its “new strategic direction”. Then the company announced a partnership with Alpes Patel, a well-known analyst and columnist in the Financial Times and Bloomberg, who became a representative of the company’s brand.
24option plans to leave
The broker launched a new platform for CFD trading and currencies in November last year. Now in the marketing direction 24option focuses on education and cooperation with the new representative of the brand. Currently, the company is working to expand the customer support team and provide additional training materials.
24option offers a standard MT4 solution, as well as its alternative platform with a simplified trading interface.
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