Almost all brokerages claim to offer a lot of assets but the difference really lies on the actual assets that they have.
With 24option’s platform, you can trade on a vast range of profitable markets using a single account. This brokerage will give you access to more than 150 assets across several classes giving you flexibility options in terms of what to trade.
How can I actually use this?
This basically means that you will be able to invest on more instruments since there are plenty of choices available on their platform.
Let’s say you wanted to invest on the shares of BMW because you’re pretty sure that it’s value is about to go ten-fold. Since 24option offers this underlying asset, you will have the opportunity to place a Buy position and have the chance to make a profit from this trade.
Here’s the deal:
The problem with most brokerages is that they only have limited markets available and in most cases, they don’t have assets that are locally based in your country.
But with 24option, you’ll be able to trade not only on the most common instruments but also those that are popular in the Middle East.
Let’s take a look at each asset class:
You’ll gain access to a diverse selection of currency pairs which includes majors, crosses and exotics. If you’re keen on trading the Euro against other currencies, you will be able to access the most popular pairs including the following:
And if you’re interested to explore other pairs, you can place your positions on the following:
• And many more…
With forex, huge volumes are traded every day which means that this market has very high liquidity particularly with the major pairs.
You can also gain instant exposure to global economies and speculate on the on future price movements of commodities.
Since these commodities have 24/7 news coverage, it would be easy to keep track of its value and any potential events or happenings that could cause its market price to rise or fall.
Here are some of the most popular commodities you can invest on:
This precious metal usually makes headlines as it is a high valuable asset that tends to change in value due to supply and demand. Mostly used for jewellery, electronics, dentistry, medicine and other industries, it is considered a safe-haven asset as it is backed by real value.
This is another precious metal that is used mostly for coins, electronics, jewellery and even medicine. What’s amazing about this commodity is that it is second only to crude oil in for being widely used in our modern ways of life.
Crude Oil Futures
Currently, this is among the most popular and widely watched futures markets. It represents a cross section of widely-held corporations that are engaged in the oil industry.
Aside from these assets, you can also trade the following commodities:
• Copper Futures
• Platinum Futures
• Corn Futures
• Coffee Futures
• Sugar Futures
• And many more…
You’ll also gain access to global indices and this includes the following:
Tadawul All-Share Index (TSI)
The only stock exchange in Saudi Arabia and the largest in the region comprising of over 150 companies including Saudi Cables Company, Almarai and Arab National Bank. It has 40% of total GCC market capitalization.
Kuwait Index (KWSEIDX)
This is an index of all the companies that are listed on Boursa Kuwait or formerly known as Kuwait Stock Exchange. Currently, it has over 170 companies across all industries.
Dubai Index (DFMGI)
The Dubai Financial Market General Index is an index of the prices of all companies that listed on the Dubai Financial Market. This is comprised of companies not only from the United Arab Emirates but also from countries in the Middle East.
Qatar Index (QE)
The Qatar Exchange Index is comprised of the top 20 companies that are listed on the Qatar stock exchange.
If you’re interested to trade on the most popular stocks listed in global exchanges, you can access the following assets from 24option’s platform:
Listed on the Nasdaq 100, Apple Inc. is a multinational company that designs, manufactures and markets personal computers, mobile communication devices portable digital music and video players. Among their popular products include the iPhone, iPad and Mac PCs.
This is currently the largest mobile telecommunication network company in the world and is listed on the London Stock Exchange. It operates in over 30 countries globally.
An established motorcycle, engine and automobile manufacturing company in Germany. Aside from producing MINI cars, they are also part of the “German Big 3″, the country’s three largest luxury automobile manufacturers.
This is a new and interesting asset class that’s gaining a lot of popularity amongst traders. Also called digital coins, cryptocurrencies are digital assets that were created as a medium of exchange that utilizes strong cryptography.
Compared to centralized digital currencies and central banking systems, these assets are decentralized and use blockchain technology, an incorruptible digital ledger of economic transactions which is programmable to record not only financial transactions but virtually everything that has value.
Known as the first decentralized cryptocurrency, Bitcoin is currently the largest in this asset class by market capitalization. Over the course of history, it has undergone rapid growth and even reached an all-time high of $19,783.06 for a single coin.
This open software platform is also based on blockchain technology which allows developers to build and deploy decentralized applications or Dapp and just like Bitcoin, they are not controlled by any individual or central entity.
Ripple’s payment network uses the XRP cryptocurrency which was essentially created for faster and cheaper cross-border payments.
Other cryptocurrencies that are accessible on the 24option platform include:
• Bitcoin Gold
That’s not all…
These cryptocurrencies can be traded via two types of contracts:
• Full-size contract – This is basically the regular sized contracts that are commonly traded online.
• Mini contract – This allows you to invest on a fraction of the cryptocurrency. Currently, 24option is the only brokerage that offers this contract type for crypto assets.