24option Review

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Overview

One of the most known and respective broker is 24option – the broker offers to clients a wide range of trading solution for all kinds of traders. The broker opened doors in 2010. With its 24/7 multilingual support, 24option is a pillar forex industry. 24option has the

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Details

Broker 24option
Website URL www.24option.com
Founded 2010
Headquarters Limassol, Cyprus
Support Number +357 25 262789
Support Types info@24option.com
Languages English, French, Italian, Japanese, Spanish, Portuguese, Arabic, Turkish
Trading Platform Tech Financials
Minimum 1st Deposit $250
Minimum Trade Amount $24
Maximum Trade Amount $100000
Bonus Bonus for First Deposit
Payout 89%
Free Demo Account Yes
Deposit Methods Credit Cards, MoneyBookers, Wire Transfer, MoneyGram, Liberty Reserve, Western Union, Cash U
Withdrawal Methods Credit Cards, MoneyBookers, Wire Transfer, MoneyGram, Liberty Reserve, Western Union, Cash U
Types of Assets Forex, Commodities, Stocks, Indices
Option Types High or low – the call or put option as we know , Touch or No Touch , Boundary , 60 second – you’ve a 60 second contract
US Traders Allowed No
Overall Score 5

Screenshots

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Pros

  • High Payout – up to 85%
  • Simple and diverse trading platform
  • Professional support

Cons

  • High withdraw fees

Full Review

 

24option History and Background

Getting into trading can be a tricky business so it is only natural to want to go with a veteran and a leader in the field when choosing the perfect platform for your needs. In such a case 24option.com might turn out to be the perfect option. The “Welcome to the most awarded trading platform in the world” message that will greet you upon visiting their site is criteria enough for their self-pride on presenting you with a top-level service. 24option has been on the market ever since binary options were introduced and currently is property of Rodeler Limited, which falls under the authorization and regulation of the Cyprus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm (CIF) (license number 207/13).

24option likes to emphasize on the fact that it offers the highest returns when compared to other brokers, at times reaching the 89 percentile for selected options and option types. Rebates are not out of the question also. The trading platform the company provides is an augmented version of Tech Financials’ widely known system. All of the necessary data is displayed in a convenient manner along with the many features provided, which guarantees you an easy trading experience suitable to your individual level of expertise. You don’t have to make any downloads in order to operate the platform, and you can also opt in for using the mobile version of the site if you happen to be on the go. The platform provides over 1000 asset choices, ranging from stocks, commodities, indices to forex. Option types vary, but feature High/Low, Boundary, One Touch and 60-Secont options. You will find a number of interesting promotions and competitions every month, among them being tickets for Juventus or Arsenal football matches.

The company was founded back in 2008 and opened its doors to its customers 2 years later in 2010. The management team consisted of several financial professionals that had acquired remarkable expertise in the fields of financial markets, stocks, forex trading, binary options and other various related subjects. Their main objective was focusing on service quality and innovation and has remained such all throughout the years since. The company has been awarded on numerous occasions by the industry and has received the recognition of the majority of its customers, which is evidence enough that it has been able to find the right formula for success.

Features

The firm as mentioned above has been operational since 2010 and has managed acquiring a number of coveted industry awards. The firm’s primary regulator is CySEC in Cyprus, but it has been able to comply with the standards of regulatory bodies across the United Kingdom and some other European countries. All of the deposits made by customers are subjected to segregation from the firm’s operating capital and are further protected by the local Investor Compensation Program which is valid for amounts of up to 20,000 Euros. The top mark for payouts sits at 89% and special High-Yield options approach 400% and beyond. Rebates are also not out of the question depending on the type of options selected. Binary options are divided into 4 different categories: One Touch, High/Low, Turbo and Boundary. The platform presents you with a vast number of underlying assets such as commodities (11), stock (43) indices (19) and currency pairs (29). The New Trader’s Choice option allows you to track and mirror the top traders active in the system in real time. You can communicate easily with customer service representatives at all times with multilingual capabilities through online chat, e-mail or toll-free phone lines.

Accounts

There are three types of accounts available within the guidelines of the platform that are based on the amount of the initial deposit and the payout criteria – Platinum, Gold and Standard, with the number of benefits corresponding to each package’s status. You can try out a free demo account version when you register and can receive a receipt for your initial deposit. The presented bonus programs tend to vary over time and include monthly competitions. After you carry out your initial fund depositing you can begin trading immediately.

Transactions

The minimal deposit is in the amount of USD 250 and its equivalent can be converted to GBP, EUR or RUB. The minimal amount of an investment regarding a single option is usually USD 24 and the maximum amount regarding a High/Low option is usually USD 10,000. 24option works with all major credit cards, MasterCard, Visa, Carte Bleue, Maestro International, CartaSi, Dankort, Discover and Laser. You can also deposit funds via MoneyBookers or through wire transfers with a minimum deposit for the latter in the amount of USD 1,000. The supported currencies are USD, Japanese Yen, British Pound or Euro. Upon selecting your trading currency you can’t change it afterwards. In order for your withdrawal request to be processed, 24option is going to require for you to submit the necessary legal documentation in compliance with anti-money laundering policies. You will have one withdrawal free of charge on a monthly basis. The various banking intermediaries may, however, impose their own type of fees.

Platform

24option’s management team has opted in for using the widely known Tech Financials trading platform. You won’t be required to download any additional software but you will have to have Java script and Flash players. There are a large number of languages supported by the platform’s interface such as English, German, French, Italian, Spanish, Turkish, Japanese, Arabic, Russian, Indonesian, Danish, Latvian, Chinese, Romanian, Portuguese and Swedish. The mobile trading app of the firm will allow you to stay in touch with market situations, open new trades and access your personal account from any device able to access the Internet at any given time.

Information

24option has come up with a large education center that features free eCourses, interactive e-books, trading e-books, and video tutorials, each corresponding to the ability level of the individual trader and focusing on profitable strategies that may come in handy.

Support

24option’s customer service representatives are regarded as being among the industry’s best, with them being available 24/7 and operating in 17 different languages. They can be reached through e-mail, online chat or phone.

In full accordance with CySec regulations, all of the deposits made by clients are segregated from the firm’s operating capital and receive protection by the Investor Compensation Program that is administrated by Cyprus officials. All of the personal and trading session information is encrypted via the use of the latest SSL encryption technology.

Conclusion

24option’s management team is completely dedicated to providing the platform’s users with the best services in the industry. When it comes to awards, you are not going to find any broker out there more decorated than 24option. The company has set the bar far too high for its competitors to reach and has managed achieving a large and loyal following thanks to its fair and focused nature, emphasizing on the right elements of the binary options market. The firm’s reputation simply speaks for itself.

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