24option, the online brokerage for trading binary options, forex and CFDs, is continuing its efforts to develop its new trading product, which it launched several months ago. The company is focusing on marketing its offering via a brand ambassador partnership with Alpesh Patel.
Mr Patel is a renowned analyst and former columnist at the Financial Times and Bloomberg. Commenting on the deal, he shared: “I am incredibly keen to provide all 24option users an insight into the best techniques that professional traders use and really improve their trading know-how and education to be the best possible.”
In an official announcement about the new brand ambassador, 24option is elaborating on the change of focus for its CFDs and forex trading products. After the launch of the offering several months ago, the company states that it is adding to its customer service team and intends to provide additional education materials.
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24option States CFDs are ‘New Strategic Focus’
The brokerage outlines in its official announcement that the firm’s CFDs offering is a ‘New Strategic Focus’. 24option also stated that it is focused on compliance and has updated its registration process to prevent clients with inadequate knowledge and experience from trading. The company is stating that it is targeting new and existing clients of the firm with its new product.
From what can be seen on the website of 24option, the brokerage is offering a simplified trading interface. It includes a buy and a sell button, the amount of risk per every pip of price movement and stop loss and take profit places.
With the majority of brokers in the industry already focused on providing trader education, 24option is entering a very competitive marketplace. Forex and CFDs brokers have been focusing on providing additional training resources to their clients as the industry is facing increased regulatory supervision.