24option is a renowned binary options broker which has been in existence for quite a long time now. It has been used by many clients thanks to its reliability. 24option is considered top in the list of the favorite brokers among binary traders. This is a fact that is largely associated to the reality that 24Option is proactive and it provides traders with various incentives on a regular basis. 24option was formerly owned and managed by CBAY Financials, but it is today run by a holding company known as Rodeler Ltd. Its license number is 207/13. 24option was founded in 2010 and has its headquarters in Limassol, Cyprus.
The website is easy to navigate and has all a trader needs to better understand what he needs to do in order to avoid losses and maximize his profit potentials.
24option review – trading platform
24option uses the Tech Financials trading platform. This particular platform is one of the most innovative and efficient platforms that you will get in the market today. The platform is not only easy to use but also convenient as well.
It is also essential to mention here that 24Option is well known for guiding its clients as far as its trading platform is concerned about giving as much info as possible in order for the clients to make sound decisions.
24option review – available markets
The available markets at 24option include commodities, indices, Forex and stock. Also, it should be noted that this broker is known for not admitting traders from the USA.
24option review – deposits and withdrawal conditions
Deposit and withdrawal procedures are extremely important as far as this trade is concerned and that is why this broker takes them seriously. Actually, that is why our review on this broker cannot be complete without reviewing its systems on deposit and withdrawals. Here, a trader has many choices to pick from.
Deposits are processed in just a few minutes and once the process is done, a trader can go ahead and trade.
However, it is essential to take note that 24option does not allow deposits as well as withdrawals using PayPal. There is no problem that has been reported about 24option’s withdrawal mechanisms. On the other hand, it takes 3 days to complete a withdrawal process at 24option. But in the event that you hold a VIP account, the withdrawal will take one day only.
24option review – types of available trades
24option has 4 most commonly used and readily available types of trades that you can choose from. They are more of trading contracts and they include;
- Short term binaries
This is the type of trade that has binaries that are quite short hence expire fast. They range between 30 seconds to 5 minutes. They provide up to date information therefore, you have to be there all the time when you get the alert and use it immediately. The binary expires after the given period of time.
- Classic binaries
These are binaries that comprise of high/low and above/below options.
- Boundary binaries
These are the type of binaries that comprise of high yield boundary options and standard yield options.
- One touch binaries
The two options you will get from this are high yield touch binaries and touch/no touch binaries.
24option review – trading accounts
It is quite easy to open a trading account with 24option. The first thing you need to do is deposit $250 in your account when you are signing up. There are 4 types of accounts which you can choose from depending on which one you think will work for you. They have different terms and, therefore, you ought to choose wisely.
- Diamond accounts
With diamond accounts, you will benefit an additional 6% per trade and you also get to enjoy free unlimited withdrawals from your account.
- Standard accounts
Here, you can trade just about anything, no restrictions. They also offer a 24 hour customer service to their traders and the maximum payout is 83%.
- Gold accounts
With this account, you will get to enjoy the benefits of the standard account. On top of that, you earn an additional 2% on the investment you make and 1 free withdrawal each month.
- Platinum accounts
With platinum accounts, you get to enjoy the benefits of both the standard and the gold accounts. Additionally, you get an additional 4% per trade. You will also enjoy free unlimited withdrawals and the maximum payout is 89%.
However, it must be pointed out that the demo account is not as free as this broker terms it. That is for the reason that you will need to make a deposit before getting your demo account.
24option review – customer service
24option is known for how serious it takes its customer support services. The customer services are not only fast but also very professional. The professionals manning their customer support desks are courteous and know how to handle clients. You can reach them any time of the day. You can contact them via telephones, chat platforms and emails. Your info, as a client, will also be stored safely and there is absolutely nothing that can interfere with it since it is stored in secured servers.
- Wide range of markets covered
- 100% secure trading platform
- Large prizes for competitions
- Many benefits for each of the trading accounts
- Dedicated customer service
- $250 deposit is required even for a demo account
A serious, and professional broker to work with. 24option is run by seasoned professionals who know what traders are looking for: so, whether you’re new or experienced in binary options trading, 24option is the right broker to use.