Platform Website: 24option.com
Controlling Authority: CySEC (Cyprus)
Signup Bonus: 100%
Web Trading: yes
Mobile Trading: yes
Withdrawal Fees: up to $30
Withdrawal Duration: 1-3 business days
Phone: +357 25 262789
Email: [email protected]
Currencies Accepted: USD, GBP, EUR
The broker 24option is one of the leading operators in the binary options market, with the rights to the brand owned by Rodeler Limited, registered in Cyprus. The project was started back in 2010, that is to say, the company is one of the old-timers of the market, although the market also has some a bit older. Currently 24option is certified by CySec (Cyprus Commission for the Securities and Exchange Commission). This gives company the opportunity to legally carry out its activities within the European Union, and thus – in the majority of countries. The broker has offices across many major cities of Europe. 24option bases its work on transparency and security for all trading operations.
Why Trade at 24option
The main difference in the design from other binary options brokers is that instead of standard buttons, referred to as in brokerage terms as “call” and “put”, i.e., “high” and “low”, 24option uses a simplified version using “plus” and “minus”. It is much more understandable and allows traders to judge correctly as soon as possible whether the price will soar up, or if it will begin to wane gradually. 24option offers a variety of options so that traders can select the most simple and easy to use. The luxurious black background is gilded with inscriptions and there is an excellent tool to attract highly experienced and moderately experienced traders.
Among the indisputable advantages of the broker, 24option is a Member of the Investment Compensation Fund. The Fund guarantees to cover the claims of protected clients of companies that are members of the Fund, in situations where they would not be able to meet their obligations. One of the benefits of a long history in the options market is that 24option has earned itself a good reliable reputation.
Profits from trades using 24option largely depend on the kind of binary options chosen and those which are used most often.
For example, Short Term Binaries, which are operations lasting from 30, 60, 120 and 300 seconds have a profitability range from 67 to 75%. Such options are suitable for those who love extremes and want to see the result of interest rates quickly.
The “Boundary” option has a profitability of 200% to 350%. It is possible to work with this option during a period of non-directional flat motion.
The standard option for many brokers is the “One Touch” option which offers income between 200-350%. For this option is it necessary to predict the direction and size of asset movements. It’s a lot more complicated than just moving, but profits are higher as well.
Finally, the Classic binary option, allows one to work with profitability from the 70% to 85% range, depending on the volatility of the asset and the option expiry time.
Trading Platforms and Features
24option has a fairly powerful tool in its trading platform. Users can use the available charts for technical analysis which eliminates the need to install additional software. Traders who have made a minimum deposit are included in the free newsletter by economic analysts. Included in the platform is the strong news section to help keep clients up to date with market and industry information.
Free signals are available for those traders which have filled account to $ 1,000. When you trade using the signals, it is important not to use them immediately and seek pre-confirm of these signals in your trading strategy.
The 24option website has a very complete video library which is free for registered users. Clients can download detailed instructions and complete manuals on stock trading.
The most significant drawback of 24option as a broker is demo account option which is opened only after a successful transfer of the minimum amount of funds ($250). Nevertheless, the demo account works flawlessly.
To refill the deposit and thus bring earnings, 24option broker offers the choice of one of a number of convenient and safe methods including: transfers from a bank account, replenishments via credit card and electronic payment systems. The wide range of ways to deposit and withdraw funds is a consequence of the extensive geography of services offers from this broker.
Withdrawals are performed within 3-4 working days. There are some special features included in the withdrawal system. If you withdraw money on the payment card with which you deposited funds, you can only withdraw an amount not exceeding the amount of the initial deposit. The rest of the money the broker will pay to your bank account or electronic payment system.
Cash out is free of charge once a month. Each following withdrawal within a month will cost 20-30 dollars. Each transaction is carefully checked by the security service.
Bonuses and New Customer Promotions
Promotions for new customers have traditionally depended on the selected account. It’s easy to open the most basic trading account; you only need to deposit $ 200. This is followed by three other types of trading accounts: Gold, Platinum and Diamond.
On the first Standard account the maximum payout percentage is set at 83%. Gold account holders receive extra 2% on their investments, as well as additional free withdrawals per month. Platinum and Diamond Accounts offer additional 4 and 6 percent on investments with a max pay-out of 89% and an increased number of free withdrawals: four and an infinite number, respectively.
24option offers a simple and easy-to-use platform for trading with binary options. It offers traders high profitability and access to the customer support service working around the clock. As a side note, customer service works very well indeed with a large number of available languages simplifying the trading process for all users. 24option specialists speak English, Spanish, French, German, Danish, Swedish, Finnish, Indonesian, Turkish, Italian, Russian, Latvian, Japanese, Arabic, Romanian, Korean and Portuguese.