Last updated on May 25th, 2015
We introduced the platinum options, which have seen great interest from our traders.
With precious metals becoming increasingly popular as a trading vehicle, one company is expanding the realm of precious metals options available for trading. 24option.com has unveiled a binary contract on platinum, giving traders increased flexibility when trading in commodities.
(Limassol, Cyprus, April 21, 2013) – Traders and investors are well aware of the benefits of trading in precious metals such as gold and silver. Now, the binary options broker 24option.com has introduced options trading in another popular and lucrative precious metal – platinum. The company has begun offering platinum contracts as a way to provide their clients with more ways to profit from the commodities markets and binary options strategies.
Trading these platinum options is as simple as registering an account at 24option and then deciding if the price of platinum is likely to increase or decrease. A correct prediction can double a traders money in just minutes. Interested investors can get started in minutes by visiting 24option.com 24option.com and registering a new account.
“Gold and silver are undoubtedly popular as precious metals trades and as hedges against risk, but we saw potential in other commodities as well. Platinum was one of these and so we introduced the platinum options, which have also seen great interest from our traders,” said Matthew Williamson, a spokesperson for 24option.
Those specifically interested in commodities will find that 24option has a broad selection available for trading, and it is increasing rapidly. Currently, traders are able to make bets on the following commodities:
In addition to commodities trading, 24option also offers contracts in forex, market indices, and individual stocks, giving traders unparalleled choices when trading the markets. Why limit trading to just one instrument when there are so many available asset classes? With greater flexibility there is always an opportunity to make money in one market or another.
“We know that markets can become range bound and unsuitable for trading, however there is always a market that is trending strongly in one direction or another. By providing our customers with a wide array of asset classes we allow them to move easily from one market to another as market conditions change,” said Mr. Williamson.
Platinum even provides an outstanding opportunity to make a play on the price of gold. Platinum has been shown to have a 95% correlation with the movement of the price of gold, however because the market for platinum is much smaller than the gold market, moves are often more dramatic in platinum. What this means for investors is an easy way to capitalize on strong trends.
With the platinum binary option now available, 24option is once more showing themselves to be a leader in the offering of binary options for traders from around the world. There is no doubt that this will be a popular offering that many traders take advantage of to boost their profits.