Why Choose 24option?
- Easy To Use Trading Platform
- Extensive Educational Resources
- Bonus T's & C's Apply
24option was founded in 2010. It is owned and operated by Rodeler Limited, a company registered, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Their registered offices are at Frema Plaza, 1st floor, 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103.
As a CySEC licensee, 24option are recognised by the EU-wide Markets in Financial Instruments Directive (MiFID) which allows them to operate as a regulated broker to all European customers. They do not accept US or Cyprus based traders, but they are also open to traders from all other regions.
24option seems to be very aware of the statement “Knowledge is power”. They have invested in an extensive “Education Center” in a move to empower their traders. The customers of 24option have access to all manner of different trading guides, video tutorials and even eBooks. This should prove informative and helpful for both new and experienced traders alike.
Trading Platforms and Features
24option uses the tried and tested TechFinancials Binary Options trading platform. This is a powerful web based platform therefore no downloads or installations are required. Simply use your browser to sign up and trade within minutes. 24option complements their web platform with advanced mobile betting apps, available on both IOS and Android operating systems.
24option are one of the more established Binary Options brokers available today. They offer a number of incredibly attractive features including fast execution on both web and mobile platforms. There are no hidden fees and they even offer an early closure feature on some options. The platform is offered in 15 languages on both web and mobile, and much of the web functionality is also available on mobile. Mobile traders can use the ever-popular High/Low options as with most mobile platforms, but can also trade with One Touch and Boundary Options. You are also given a number of attractive short-term expiry options on both platforms. These include, 60 seconds, 2 minutes and 5 minutes, as well as the more traditional expiries offered in Binary Options trading.
Accounts are provided in a number of languages such as English, Cantonese, French, German, Spanish, Italian, Japanese, Turkish, Russian, Arabic, Danish, Indonesian, Korean, Latvian, Portuguese, Romanian and Swedish. The user interface is incredibly intuitive, as you’d expect from an established broker using a proven platform. 24option also offers an extensive underlying asset list that includes Indices, Forex Currency Pairs, Stocks and Commodities. One of the standout features of the 24option platform are the pop out professional charts. These offer a number of options and analytical tools, essential for conducting a technical analysis on underlying assets.
Trading Accounts and Payouts
A key selling point of any Binary Option broker is the actual amount of payout you stand to make on each trade you place. At 24option the potential payout you can earn varies between 70% and 88% per successful trades. Traders looking higher payouts are also offered a number of high yield options*.
24option offers all registered traders a free demo account to test their services and platform. If you’d like to access this feature, simply register and request a demo account from the 24option support team before making any deposits.
Once you are ready to trade for real money, you can simply deposit a minimum of $/£/€250 or ¥50,000, and activate your real-money trading account. Please note that demo accounts are normally active for a limited period, or until your first deposit is made. Please ask the support team for more information on their terms and conditions.
*Trading binary options involves substantial risk and may lead to loss of all invested capital. As always, we insist that you ensure you have an effective risk and money management strategy in place prior to trading.
Bonuses and New Customer Promotions
When funding your account, there are a number of bonuses and promotions offered to new clients. These can provide traders with additional trading revenue, but don’t forget that all bonuses come with their own terms and conditions. For example, 24option offers a 100% bonus for first time depositors, but this is given on deposits of $/£/€5,000 or over, and requires a trading volume of 50 before bonus funds may be withdrawn.
If you are looking to deposit less than $/£/€5,000, 24option is still highly attractive. They offer a generous 20% bonus with the minimum deposit of $/£/€250. The bonus percentage is relative to your deposit amount and increases accordingly up to the aforementioned 100% offer. Please enquire with the support team for more information on current offers and promotions when you are making your deposit to get the best bonus deal.
As you would expect from an established broker, 24option offers a multitude of banking options and combines this with a high level of security and an easy to use interface. We’ve provided you with a more details description below.
You may deposit funds into your trading account using three methods; Credit/Debit Cards, Electronic Payments and Wire Transfer. The Credit/Debit cards 24option accepts include Visa, Mastercard, Carte Bleue, Dankort, CartaSi, Laser and Discover. Electronic Payments can be made via Skrill (aka MoneyBookers), Neteller and a number of others.
The minimum deposit amount varies by funding type. The minimum deposit on both Credit/Debit Cards and Electronic Payments are $/£/€250 or ¥50,000. Wire transfers minimum deposits are $/£/€1,000 or ¥100,000. 24option offers a maximum daily deposit limit of $/£/€10,000 or ¥100,000 and a monthly deposit limit of $/£/€40,000 or ¥4,000,000. Please not that once you have selected a preferred currency, it is not possible to change the operating currency of an account.
We advice you to verify your trading account upon registration to ensure the withdrawal process is quick and easy. Simply forward the required documentation to the support team and 24option’s support team will confirm that all is well. At present, 24option requests an official ID with a picture and a proof of address. If a Credit/Debit card was used to fund your trading account, they require a photocopy of the card used showing the last four digits.
There is no cap on withdrawals and you may withdraw the total amount of funds in your account. 24option’s policy on withdrawals is that funds will be sent to the original source of the funds. If the amount withdrawn exceeds the amount deposited, the remainder of the withdrawal balance will be send via Wire Transfer. There are a variety of free withdrawals options available depending on account type. Please check with the support team to ensure that you understand the conditions that apply to you.
We believe that a quality support team, and an extensive list of support services are essential to the success of a Binary Options broker. It is vital that traders to have a support team that understands that “Time is Money”, and offers support quickly, and efficiently.
24option is a market leader, and it is clear to see why. Their support services are extensive, to say the least. 24option presently offers support in 15 languages via local rate telephone numbers, email and of course Livechat. We found that their Livechat teams are highly capable of addressing a wide range of issues very efficiently. We recommend that traders use this as the first point of contact, and if you require a quick response that the Livechat teams can’t address, just pick up the phone and give them a call. The team are very helpful and we’re sure you’ll be back to the “trading floor” in no time.
Why Trade at 24option?
24option offer their customer a fantastic trading experience. This is largely due to a highly capable platform and fantastic mobile apps on multiple devices with advanced functionality. Their highly capable support team are worth a mention here as they are always on hand to help traders.
We particularly liked the regular promotions and offers that 24option provides. Many of the promotions are geared towards new traders, but they do have a number of redeposit offers available. As with all offers and bonuses, it’s great to have additional trading revenue but terms and conditions do apply. It is advisable that you speak with the support team to ensure that you are getting the best value for your money.
24option are not a tough broker to recommend. They are well established, regulated, and have continued to advance their customer services and trader features to become what we consider a market leader in the world of Binary Options.