24 Option Broker Reviewed
*UPDATE: As of July 2017, 24Option no longer provide binary options trading
A detailed binary options review can tell you little, but quite important information about the platform. Reading such reviews is essential for your first steps in financial trading market. If you are already into this task, we suggest you continue with our next overall and helpful broker review. Meet the 24 Option review now.
24 Option Broker History and Company Information
24 Option is a well-known and reputable binary trading options broker that appeared only few years ago. It is also popular with the fact that has become the first arrived trading platform in 2010. Later, only 4 years after gathering more experience in the field, the broker won the 2014 FBO Best Payouts Award. Just like most of today`s currently available binary trading options brokers, 24 Option is also based in Cypress. The platform received its official license in 2013, when the regulation process of the broker began. Apart from its main regulation body Cyprus Securities Exchange Commission – CYSEC. 24 Option is owned by the newly established in 2014 Rodeler Limited.
24 Option Customer Support and Services
The customer support level is a huge factor that traders pay attention at, when they choose a proper binary options broker. 24 Option can brag with really cool and useful customer support services that will definitely respond to your highest expectations. 24 Option website offers support by kind and polite customer representatives that are available 24/7 for you and at 13 languages – including English, Spanish, French, German, Italian, Swedish, Russian, Polish, Portuguese, Arabic, Dutch, Norwegian. The available communications methods for your personal inquiries or requirements are e-mail, phone calls and integrated contemporary live chat. Currently, 24 Option does not provide a personal manager option, which is very famous among the binary options brokers list.
24 Option Broker Binary Options Type
24 Option provides a wide range of different trades. You can choose from the following binary options types, when you officially register on 24 Option platform:
- Standard binary options – High/Low Options with up to 88% possible payouts per successful trades
- Short term binary options – with the shortest expiry time of 60 seconds
- 100% payout instrument.
- Standard binary options – High/Low Options 100% pay-out options
- Short term binary options – the expire time is up to 5 minutes
24 Option Broker Features
24 Option binary options broker works with up to 100 different currency types. The available underlying assets on the platform are currencies, stocks, indices and commodities. The payout ratio is one of the most beneficial on the market – about 88% on successful trades. Please note that in cases that the trade falls out of the money investors will lose their invested capital on this trade. Meanwhile, you have a great choice of accounts to make. The standard account on 24 Option requires a minimum deposit of $250 and it has no restrictions as to the underlying asset types. For the silver account $1000 deposit must be made. Gold account gives you the additional pay-out of 2% on your successful prediction. All three accounts have 1 three withdrawal per month The platinum 24 Option account, on the other side, has an additional 4% reward on your successful investment and all of the withdrawals are free. Last, but not least, the diamond account has an additional 6% per successful trade. 24 Option accepts payments via debit and credit card, ordinary bank wire transfers, Laser, Dankort, JCB, Skrill Monebookers, Diners Club and Cartasi. Have in mind that Binary Options instruments are complex instruments and investors can lose all their invested capital.
24 Option Broker Bonus System and Types
Finally, we reach the funniest part of every single binary trading options broker review – the part that describes the bonus system. Check out the available bonus types on 24 Option platform right away:
- Welcome bonus – No bonuses are offered for the time
- Demo account – Due to the lack of your knowledge in trading and in the essence behind 24 Option broker platform, you are always welcome to test the system without risking your money. However to access the demo account you need to make at least 250 deposit which can be withdrawn in case you have tried the demo and decided not to proceed trading with this broker.
24 Option Broker Software Type and Information
24 Option binary options trading broker uses the Scipio platform for its services. It is web-based and it is user-friendly. It is web-based and it suits all the needs you may have. Attention – 24 Option has also a new modern mobile version, so use it in case you trade via smartphone or tablet.
24 Option Broker Pros
And finally – last, but not least – here are the biggest pros of 24 Option broker.
- Regulated by CySEC
- Variety of underlying assets and currency pairs
So, what do you think? Does 24 Option respond to your trading needs?