24Option Broker Review
24Option is one of the top-notch brokers in the binary options industry renowned for providing excellent and trader-focused conditions.
Do you want to start trading using 24Option?
Here are some key features that will assist you make an informed decision.
Website description
24Option’s website was launched in 2009. And, since then, the broker has been using the site to bring superb binary options trading conditions to the masses. Importantly, the site is simple and free from unnecessary clutter; and, navigating it to find information is quite easy and quick.
Trading platform
24Option boasts of an efficient, effective, and intuitive web-based trading platform. The platform has an extensive collection of tools and resources to assist traders make sound and profitable decisions.
The user-friendly platform has more than 100 financial assets for trading, including forex pairs, commodities, indices, and stocks.
Furthermore, traders can download the mobile trading platform on their Android or iOS devices, and enjoy on-the-go trading, from anywhere in the world.
Demo Account
The broker offers a free demo account to help traders sharpen their skills in binary options trading.
Account types
To cater for the varied interests and needs of traders, 24Option offers a wide range of account types. The main account types offered are Basic, Silver, Gold, Platinum, and Gold; each of them comes with specific benefits and features to assist traders make the most of their trading experience.
Minimum deposit amount
Depositing money in a 24Option account is fast, comfortable, and secure. You can make deposits through the major credit cards (minimum deposit is $250), electronic payments (minimum deposit is $250), or wire transfer (minimum deposit is $1,000).
Once you’ve made a deposit using a credit card or an electronic payment type, your 24Option account will be instantly credited. For wire transfer, it may take up to five working days for the deposit to appear in the account.
Availability in the U.S.
Sadly, U.S. traders are not allowed to use 24Option services.
Payouts %
24Option offers lucrative payout amounts. Depending on the account type you choose, you’ll get high payouts, ranging from 82% to 88%.
Withdrawal time
The broker processes every withdrawal request quickly and without any hassles. Withdrawal requests via the electronic payment methods are processed instantly, while wire transfer requests takes a longer time.
Bonuses
At 24Option, you’ll get bonuses of up to 100% to assist in increasing your capital outlay for trading successfully. The broker also routinely comes up with contests, competitions, and other promotions to motivate traders become successful.
Customer support
Customer support at 24Option is excellent and professional. You can reach the broker’s customer support department 24/7 via email, phone, or live chat, and your issues will be addressed quickly and in a friendly manner.
Education
To ensure traders curve a successful career in binary options trading, 24Option has a wealth of resources and tools, including eBooks, webinars, economic calendar, and trading signals. Furthermore, traders are allocated dedicated account managers to ensure they have sufficient skills for making profitable trade decisions.
Regulations
24Option is the trading name of a company called Rodeler Limited, which is regulated by the Cyprus Securities Exchange Commission (CySEC) under license number 207/13. The company is also licensed by other regulating authorities around the world, such as the Financial Conduct Authority (FCA), Netherlands Authority for the Financial Markets (AFM), and Comision Nacional Del Mercado de Valores (CONSOB). Therefore, you are sure of dealing with a scam-free and highly credible broker, if you choose 24Option for trading.
Types of binary options available
The main types of binary options offered at 24Option are short-term (60 second) options, one-touch options, above/below options, high/low options, and boundary options.
Expiration times
The broker offers flexible and excellent expiry times. You can choose 30 seconds, 60 seconds, 120 seconds, or 5 minutes; thereafter, every 5 minutes depending the period you want, even for more than one month.
Supported languages
24Option offers support to customers in various languages, including English, French, German, Chinese, Arabic, Portuguese, Russian, Polish, Norwegian, Swedish, and Italian.
Conclusion
If you’ve found the above 24Option key features interesting, then you can open a trading account with the broker, and have a first-hand experience on the unparalleled trading conditions it offers.
All the best.