24option Broker leads the way with ”European Union Regulation”! Its unique platform also offers special assets that attract investors’ attention. Trading Twitter is now available with 24option! 24option is most certainly the broker for anyone looking to profit big. We’ve taken a good look at 24option and compared this company’s offerings to those of other binary options brokers. Get the scoop in the 24option review below.
The trading platform offered by 24Option to its traders is one of the most innovative trading platforms around. While most binary brokers rely on the two leading third party trading platform providers such as SpotOption or Tradologic to supply the trading engine, 24Option has chosen to take a different path by using the trading engine supplied by Tech Financials. The end result for traders is a unique trading experience in safe and secured trading environment.
Mobile trading is also extensively supported by 24Option. With a secondary website optimized for smartphones and other mobile devices, traders who are constantly on the go can also easily access their accounts, check the markets and make trades without having to use a dedicated computer.
There are four main types of trading contracts offered by 24Option Broker. These include:
- Classic Binaries
Consist of Above/Below and High/Low options
- One Touch Binaries
Comprises of Touch/No Touch and High Yield Touch Binaries
- Boundary Binaries
Include Standard Yield and High Yield Boundary Options
- Short Term Binaries
Binaries with short expiry times ranging from one minute to 5 minutes.
Opening a trading account at 24Option is easy. Traders just need to make a minimum deposit of $250 when they sign up with 24Option. As for the types of trading accounts, 24Option offers traders a choice of 3 different types of trading accounts, Standard accounts, Gold accounts and Platinum accounts.
- Standard Accounts
No restriction to types of assets traded
24 hours customer support
- Gold Accounts
Apart from all the benefits of a standard account, gold account holders also earn an extra 2% on their investments
- Platinum Accounts
Benefits of standard and gold accounts plus an additional 4% returns on money invested.
A free demo account facility is also provided but traders are required to place a deposit of $250 first before they can gain access to this facility.
As for the returns offered by 24Option, their rates are one of the highest in the industry with a maximum payout of 88% for in the money trades. Out of the money trades are also entitled to a rebate of up to 15% of money invested.
It has been said that the quality of 24Option’s customer support is second to none. With support in 17 major languages, it is different to find another broker in the industry that is more trader’s friendly than 24Option. Access to the support team is by means of email, live chat and telephone. As an added benefit, international traders will find that there is also a long list of toll free and localized numbers which they can call to reduce their telephone charges.
- Long Established Broker
- Member of the Investment Compensation Fund (20,000 Euro in Protection)
- Regulated and Licensed Broker by CYSEC
- Reputable Broker in the Industry
One of the most useful features that we found during our 24option review was their free demo account. A bit of investigating indicated that traders are eligible for a free demo account only after they make a minimum deposit of $250. Still, compared to other binary options brokers such as “Bloombex Options” which don’t offer a free demo, this was surprisingly comforting. Equally comforting was the broker’s BuyBack option which allows traders to essentially ‘cancel’ their trade up to 5 minutes before expiry to avoid losing the bid. Although all of the money won’t be returned, this option works well to avoid a total loss on the position.
We were also satisfied with the company’s ample binary options resource center, including a full glossary of trading-related terms. However, more useful than this is the personalized trading tutoring that is available via chat.
Finally, we were excited to see that 24option offers a wide range of bonuses which is always a nice thing for a new trader. Although we don’t necessarily recommend choosing a brokerage based on the company’s bonuses alone, it’s an added perk if you select 24option on your own.
24option’s About Us page explains that their team is comprised of professionals in the Forex trading and online marketing industries. Even a short look at this company’s offering will remove all doubt that the founders of this company are familiar with the users’ needs and wants. Although the site’s dark color is markedly unusual, we found that once we got used to it, it brought a surprising charm and elegance to the trading experience. Whether you’re looking for your first binary options broker or to leave your current broker, we are confident that you’ll like 24option.
Date posted: October 2, 2014