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24Option Review

24Option Review
Broker Type Binary Options Broker
Foundation Year 2010
Markets Forex, Commodities, Stocks, Indices
Minimum Deposit $250
Payouts% 89%
Platform Type Tech Financials
Demo Account Yes
OS Compatibility Mac, Windows, Mobile, Web, Ipad, Iphone ,Android
Funding/Withdrawal methods Credit Cards, Skrill, Wire Transfer, Neteller, WebMoney, Qiwi, Ideal, Sofort, CashU, Perfect Money, Paysafe Card, CUP, Astro Pay, Moneta, Sofort, Giropay, Neo Surf, Ban k Link, Teleiningres, Ticket Surf, Multibanco, Mister Cash, EU Teller, EPS
Customer Service Hours 24/7
Supported Language English, French, Russian, German, Italian, Japanese, Chineese, Turkish, Arabic, Portuguese, Polish, Greek, Cypriot, Dutch, Flemish, Hindi, Urdu, Hungarian, Slovak, Czech
Accepts US Clients No
Headquartered in Cyprus
Website Visit 24Option
Submit reviewView reviews (1)

Average Rating

View ratings
Total average

96/100

Ease of Access ( 96 )
Platform Performance ( 97 )
Reliability ( 94 )
Customer Support ( 95 )
Payouts Percentage ( 98 )

Review

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

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.

Trade Types

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.

Trading Accounts

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.

Payout Ratios

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.

Customer Support

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.

Reliability

  • 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

24Option Features

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.

Conclusion

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.

 

Visit 24Option

 

Dr.Trader

Review comments (1)

Maral
24Option Review 96.0

Overall I’m extremely happy with 24. I’ve traded before with a few other firms and had issues withdrawing money, reaching customer support and actually winning trades.(I later found out about hidden spreads on the market price i was given ) but at 24 I’ve managed to use the tools I was given in my favour and with my acc manager I’m now proud to say i’ve managed to triple my initial investment. I have platinum account which is 89% return. 4% higher on all trades.

Plusses
  • Live feeds (v. important), their representatives know what they're talking about, buy me out tool.
Minors
  • you can't withdraw all profits the same way.. if you deposit by card you can only withdraw the initial amount the same way.. the rest is by wire.
Posted on October 2, 2014 5:33 pm

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