24option 30% Bonus Review

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24option Review

Introduction

Founded in 2008 the multi-award-winning binary options trading site from 24option is not only intuitive and easy to use but also geared towards both new traders as well as trading professionals. With 24/7 dealing provided on the reputable Tech Financials trading platform they are one of just a handful of highly respected and trusted brokers that put usability and accessibility at the forefront of what they do.

This ease of access and their mobile-friendly platform makes the trading process accessible and straightforward. Operating across a growing list of countries in 22 languages the site lets you choose the language and currency you wish to trade in. Education is a priority with 24option, and their range of educational aides caters for everyone from the first time trader to the experienced and successful.

With customer support a priority at 24option there are many support options available from picking up the phone to a dedicated customer support advisor to starting an online chat on the move, their dedicated team are on hand to help with any questions or issues.

In this review, you will learn:

    What we think about their company practices The unique benefits and features of 24option Differences between the various accounts

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

You don’t have to choose a plan to get started with 24option. They state on their website that you can open an account and begin trading immediately. If you do want to start a plan, there are five on offer, plus an additional, somewhat discreet 24option demo account available on request. Highlights of these account options are below.

Basic Account

The Basic Account requires an initial deposit of $250, and the minimum trade is $24. Successful trades attract profits of up to 82%, but benefits are limited to the standard 24-hour customer service access and a professional chart.

Silver Account

The minimum amount needed to open a Silver Account is $2,000 although this account commands the same profits as the Basic Account. A Silver Account does, however, unlock a few more of 24option features including access to a personal coach and trading alerts.

Gold Account

The most popular account with traders, a 24option Gold Account sees the profits rise to up to 84% and the addition of more features which include SMS & e-mail alerts. There is also the opportunity to live trade with an expert. An initial deposit amount of $25,000 is required and a minimum trade of $48.

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  • Binomo
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Platinum Account

If you are looking for more benefits and support and a higher profit, a Platinum Account will see a return of up to 86% on a successful trade alongside even more expertise to help you trade successfully. A minimum initial deposit of $50,000 is required, and the minimum trade amount is $120.

Diamond Account

With a minimum trade amount of $480 and the maximum trading return of up to 88%, the Diamond Account is the most rewarding of all plans at 24option. A higher exposure and higher trading limits make this the account to be enjoyed with the more professional traders. They even offer Diamond Account holders FREE Juventus tickets due to their affiliation and sponsorship of the club.

Trade Types And Payouts

With a maximum payout of up to 88% available to those with a Diamond account (82% for the lower end of the account scale) the trade types available are High/Low Options, One-Touch Options and Boundary Options, here are more details:

High/Low Trades

One of the more popular types of binary options High/Low Options are also known as call/put options. All the trader needs to do is call whether that asset price will increase or decrease below the current level in a set amount of time.

One Touch Trades

One-Touch Options are a simple way to trade and don’t take much time or effort. All the trader needs to do with a One Touch option is to choose whether the market will reach a target price within a designated amount of time.

Boundary Trades

Boundary Options involves a simple prediction. The trader needs merely to predict “In” or “Out” which means whether you believe the market price will close within or outside the upper and lower costs by the expiry time.

24option’s mission is to make sure that their traders enjoy their experience.

Bonuses And Promotions

As well as offering periodic bonuses from time to time 24option have both technology bonuses and cash bonuses that are pretty much standard and provided consistently.

Technology Bonus 1. To qualify for an iPad, the account holder must deposit a minimum of $10,000 and reach a minimum trading volume of $50,000. Technology Bonus 2 is a MacBook and with a deposit of $20,000 needed and a min trading volume of $100k.

For those who don’t have that kind of money to trade with there is a $24 bonus for anyone who downloads the 24option mobile app and registers for an account.

Upon registration, cash bonus offers are made on a case by case basis, usually associated with the amount of cash deposited by the trader.

Mobile Trading

Trading is made easy with a 24option mobile optimised website and the mobile app which is available for both IOS (iPhone and iPad) and Android. In this fast-paced technological environment, users need something that is intuitive, simple, quick and easy to use and that allows for instant order execution with real-time data.

While the website offers everything the trader needs to know along with FAQ’s, the mobile app has more limited functionality however customer support is still paramount and user reviews state the app to be an easy to use platform with useful information and great support.

The trading app is available for a range of devices including iPhone, iPod Touch and iPad Air. As well as its ease of use the app is also available in 22 different languages allowing the user to switch to their native tongue. As well as English you can trade in Arabic and even simplified Chinese.

Deposits And Withdrawals

The minimum deposit with a 24option account is $250, and after making the deposit, trading can begin immediately. Deposits can be made via wire transfer although if using this method the minimum deposit amount is $1,000. Other methods accepted include credit and debit cards, Skrill, Mister Cash and many other online payment systems.

Before you can withdraw funds from a 24option account, you must ensure that all documentation and verification is up to date. The verification process requires photo ID such as passport or driver’s license, proof of residence (you must be resident in a country accepted by 24option ) and a verified payment method. To use a credit card, for example, you must send a picture of both sides of the card although you are asked only to display the last four digits. Withdrawals can be made to credit cards, wire transfer or other selected online payment systems.

Once your account is verified the withdrawal process is straight forward and requires the users to fill in the amount to be withdrawn. 24option aim to process all withdrawal requests within three days. There are some light complaints regarding withdrawal problems, but we believe these are mostly down to lack of ID and account verification.

There is a fee for making a withdrawal unless you are a Platinum or Diamond Account holder. The fees range from 2% – 3.5% depending on the method or a fixed fee of $30 for a wire transfer. Banks may make additional charges.

Special Features

As 24option values every trader and wants them to enjoy the success, they offer a FREE demo account giving entry-level traders the chance to familiarise themselves with the platform, experience a real experience and teaches them the necessary skills to continue.

Educating their traders is also crucial to 24option which is why you will find webinars for all traders regardless of experience and knowledge. Just visit their website and watch a basic, intermediate or advanced webinar. Other webinars are available, with dates published on their calendar.

Customer Support

Customer support is easily accessible, and in the first instant you can complete and submit a simple form with your questions, comments or concerns. Support is also available by e-mail, telephone or by starting a live chat with a customer service specialist on the site whether on a desktop or mobile device. Support contact is available 24 hours a day, seven days a week from many countries across the world and as usual, in multiple languages.

Here are the contact details for 24option:

Conclusion

Let’s finish up our 24option review here. 24option’s mission is to make sure that those traders that use their site enjoy the experience, experience success and stay! To achieve this, they provide plenty of education and support to all of their traders regardless of experience. They seem to value their traders and demonstrate this through their various educational tools and information. From our investigative research and test, we found no reason to believe they are a scam operation.

As an exceptionally well trusted and secure platform to trade on 24option is a popular choice with many traders from beginners to professional Diamond traders. They’re easy to use platform, mobile trading options and customer support make them an ideal choice for traders and makes them a serious contender in the binary options trading market.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is 24option legit, will they scam me?

24option has one of the most reputable names in the business and are a trustworthy and reliable broker. We carry out individual checks to ensure that we are happy.

Do they have a decent mobile or tablet app?

Technologically they have a good platform which ranges from the desktop website to their responsive mobile site. 24option also have an app and actively encourage traders to download the app by offering a $24 bonus.

What bonus do they offer new traders?

24option provides a welcome bonus of 100%. For a trader that reaches $10,000 in deposits and $50,000 in trades there is the reward of an iPad, if they double this, they will be rewarded with a Mac Book.

Can I start trading on a free demo account?

Like many of the top brokers, 24option offer a demo account to encourage their traders to get used to the platform. Just deposit your $250 deposit, then request a free demo account.

What’s the minimum deposit and trade amount?

The minimum deposit for a 24option account is $250 unless you are depositing funds via wire transfer, then the minimum deposit required is $1,000. Their minimum trade is $24.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

24Option Review

Owned by Rodeler LTD, 24Option began trading binary options in 2008, and later became a trading platform for CFD and forex. Although the main company is based in Cypress, they also have another company in Belize for international ​clients.

Their goal is to allow as many people to trade as possible. That’s why, in addition to the many trading options they have, 24Option also offers educational materials to help people understand how to trade CFD and forex.

Since its break from binary options trading, 24Option has become a unique broker, enabling both experienced and newer traders to participate. In this 24Option review, we’ll give you everything you need to know about this broker and help you decide if they’re right for you.

​iOS and Android

​CFDs, Forex, Cryptocurrency, Stocks, and Commodities

​Credit Card, ​Bank Transfer, Neteller, Skrill, Qiwi, and Many More.

​USD, Japanese Yen, British Pound, Euro, or Ruble

​Countries Not Accepted:

​United States, Europe​, Canada, Australia, China, Israel, Switzerland, Japan, New Zealand, Bahamas, Pakistan, North Korea

Table of Contents

Trading Platform

Whether you are a novice or a professional trader, you will feel at home trading with 24Option. Where other interfaces have been clunky or unintuitive, 24Option stands out among the crowd. The ​platform ​interface has a wide range of choices to choose from, and it uses the latest technology to deliver the best services to its clients. The user-friendly platform makes it easy for users to invest wisely without missing any opportunities that arise within the ​markets.

MetaTrader 4

MetaTrader 4, shortened to MT4, is one of the most popular trading platforms that people prefer for CFD and forex. 24Option integrates advanced trading tools to the ​platform to ensure you get real-time results when spot trading. Though using the MT4 platform is complicated, especially for first-time users, 24Option simplifies things by using easy to understand analysis tools and other automation options. If you want to test it out, you’ll have to register with 24Option before you can download the software.

24Option Account Types

​24Option ​offers four trading accounts with a leverage of 1:500. You can choose from basic, gold, platinum, and VIP accounts. Luckily for beginners or those who want to test out this platform, the minimum deposit to open a​n account with 24Option is $250.

Basic account

The basic account requires a​n initial deposit of $250. ​The Basic account gives you floating spreads as low as 2.5 pips for EUR/USD, and 2.8 for GBP/USD and USD/JPY. You also get access to some educational resources, including one basic lesson, daily market report, trading central, and two daily TC SMS alerts. When it comes to webinars, this is the only tier that doesn’t offer any.

Gold Account

​The gold account requires an initial deposit of $5,000. Gold is a step up from Basic in that your floating spreads move to 2 pips for EUR/USD and 2.5 for GBP/USD and USD/JPY. You get access to the same educational resources, plus an additional basic lesson and a monthly webinar.

Platinum Account

​A platinum account requires a deposit of $10,000 or more. With this tier, you get EUR/USD at 1.6 pips and GBP/USD and USD/JPY at 1.9 pips. Platinum is where you really get into the education side of things, too. Instead of just the basics, you get three advanced lessons, two monthly webinars, four daily TC SMS alerts, and the same daily news and trading central access as you do with Basic and Gold accounts

VIP Account

​A VIP account requires an investment of $10,000. If you’re looking to get everything you can out of 24Option, VIP is the account type you want. You get five advanced lessons and five monthly webinars. Plus, you’ll get seven daily TC SMS alerts and no withdrawal fees, whereas, with the other three tiers, you only get a limited number of free ones.

Assets

​24Option ​offers over 1​30 different ​assets in 4 main categories including currency pairs, market indices, stocks, and commodities.

CFD trading

Since its introduction to the market, CFD (contract for difference) ​is one of the most popular trading assets in the world. One of the reasons for its popularity is the low capital requirements needed to be successful. It also gives traders the option of going short or long on assets, and since they are derivative products, traders choose CFDs to avoid stamp duty.

Within the CFDs trading options, the services include cryptocurrency trading, commodities, indices, and stocks. Trading in CFDs on 24Option allows you to predict the movement of the market and buy if you anticipate an increase or sell if you foresee a decline.

Forex trading

​​Forex, on the other hand, helps traders to profit as much as possible without making any major currency trading mistakes. The forex market is vast and comes with high liquidity, but you can start with a small investment to build a large portfolio over time. Trading forex with 24Option provides you with other opportunities such as risk management tools, a reliable 24/7 customer ​service team, and easy access to a forex education center.

24Option Mobile ​App

​Mobile trading with the 24Option forex broker is also another option for traders. The broker provides free ​ mobile apps for android and iOS users, making them available on the Google Play Store or Apple app store. Some ​mobile apps from other brokers have watered down apps when compared to the desktop platform, but that isn’t the case here. The mobile app, which has a simple interface, provides you with all the trading features from the site. The login process is both secure and fast, with straightforward details and bonus availabilities for mobile traders.

​Is 24Option Regulated?

​​24Option is a CYSeC (Cyprus Securities and Exchange Commission) regulated forex ​broker under CIF license no. 207.13. It operates on stringent regulatory obligations that safeguard their client funds deposited in segregated accounts. Besides CYSeC regulation, the forex brokerage company is also a member of the Investment Compensation Fund that entitles traders to claim up to 20,000 Euros. Other regulatory agencies that 24Option complies with are AMF, France, CONSOB, Italy, BaFin, Germany, CA, and UK.

24Option Deposits and Withdrawals

Deposit Methods:

Your method of deposit and withdrawal depends on your location. Different countries support different payment types.

24Option allows for a wide range of deposit and withdrawal methods, including credit cards (VISA, Mastercard, and Discover), electronic payments via Skrill, and bank ​transfer. Deposits and withdrawals are secure and safe, so you don’t have to worry about your funds.

There is a minimum deposit, but the amount depends on how you fund your account. With credit cards and electronic payments, the minimum deposit is $250, whereas, with a bank wire transfer, you need a minimum of $1,000. They also have a daily maximum of $10,000, and a monthly limit of $40,000.

​Withdrawal Policy:

The withdrawal options are not very different from the deposit choices at 24Option. On the same banking page of the company website, withdrawal options are available depending on ​your country. 24Option processes all the trader withdrawals depending on payment methods, which helps in minimizing money laundering. If the withdrawal amount made using a credit card is larger than the deposit amount, the trader gets the balance through a wire transfer.

Before completing a withdrawal request, 24Option requires you to provide documents to prove your identity. Verification documents include a driver’s license, the official state identification document, and a current passport. Besides any of these documents, you also need to show proof of your address through a bank statement, a utility bill, or a credit card statement. The minimum amount you can withdraw is $10, and the maximum is the amount you have in your ​24Option account account.

Even though you can withdraw your funds at any time, 24Option processes withdrawals only during the business hours. Withdrawal fees depend on the kind of account you are operating. For diamond and platinum account holders, the withdrawal fee is free, while those with gold, basic, and silver ​accounts pay their fees per the currency they are trading in and withdrawing. Wire transfer withdrawals attract more charges.

Here are the 24Option withdrawal fees:

  • Credit/Debit – 3.5%
  • Neteller – 3.5%
  • Perfect Money/Moneybookers (Skrill) – 2%
  • Wire transfers – $30, €30, £30, ₣30, ₽1800, R300

As with many other companies, traders occasionally complain of withdrawal delays. Many of the delays are due to the slow proofing of the identification procedures. The best way to avoid this is to send all your identification details before making the withdrawal request. By communicating the details early, you can minimize withdrawal complaints and ensure faster payment methods.

Supported Currencies

After registering with 24Option, the first option will be to choose the currency you prefer to use. Unlike many other ​brokers, 24Option gives you the opportunity of trading with various currencies for a single account. The most popular ​currencies are the US Dollar, the Japanese Yen, The Euro, British Pound, and the Ruble.

​24Option Demo Account

Before you start trading CFD or forex, you want to know what you’re getting into. Some online brokers offer demo accounts so you can trade with the equivalent of Monopoly money before you get serious about it.

24Option does, too. When you sign up with a Basic account, you get a demo ​along with it. This demo account comes with $100,000, so you can get a feel for the platform and how it works.

With a demo ​platform, there’s no risk to you, and you won’t lose your actual funds by trading before you see how the platform functions. You can observe forex and CFD trends and decide whether you’re ready to take it a step further with an upgraded account.

Max lots, max trade size, leverage, and margins

Irrespective of the type of ​account you hold with 24Option, the requirement is to adhere to the company’s margin call level of 125% and a top level of 20-100%. For forex pairs, the maximum size of trading is 10 or 30 lots. The relevant pages on the company’s website give you a complete list of the categories where different forex pairs fall. The maximum trade size for stocks is 10 lots with 10-default leverage. Indices have a maximum trade size of 3 lots with default leverages of 50.

Bonuses and Promos

Sign-up bonuses are one of the things that make 24Option stand out. Depending on the type of account you open, bonus amounts range from 30% to 100%. The company also provides promotion packages that include a holiday bonus or a deposit bonus, especially when the markets are volatile. Other bonuses include premium prizes that come as gifts such as a MacBook or an iPad.

The company offers traders a deposit bonus under their ​bonus scheme at the amount of 25% to 50% on the first deposit amounting to $500. You cannot withdraw your bonus until the amount in your ​24Option account is thirty times the initial investment amount.

A demo ​platform is also another perk that comes with opening an account with the broker. You do, however, need to deposit about $250 before you get to use the demo​. It helps to use this demo ​platform to learn trading strategies and see how the markets work in real-time.

You can choose to opt-out of the bonus incentives at any time you want.

Education

24Option has some of the best CFD and forex ​education resources available. Most of its resources come through the daily news offered at all account levels, as well as webinars and basic or advanced lessons.

The platform is unique in that it was intended to help people trade and invest smarter. These webinars and lessons allow traders to learn more about trading before—and while—they participate in CFD and forex trading. You can even use their advanced interactive ebook to learn more about trading and test your skills.

Their educational materials go beyond the basics, too. For Basic and Gold accounts, you can only access the basic lessons, but as you upgrade your account, you can utilize more advanced lessons. Plus, they have videos on their website for beginning and intermediate traders to watch and learn more about CFD and forex.

Special Features

One of the most attractive special features that 24Option provides its traders is a practical, economic calendar that they can reference. The calendar allows traders to track important events that can impact their trade decisions. The data is easily viewed by impact, date, currency, forecasts, and actual data.

Another unique feature that sets the broker apart is the simplicity of the platform. Through their famous black theme, 24Option makes it very easy for even those using the platform for the first time to find information and make a trade.

Traders also get the opportunity to study the market behavior using technical analysis tools such as market indicators, graphic tools, and special reports. The technical analysis helps the traders to predict the future trends of the asset they are trading. Alongside the technical analysis, the broker also provides an extensive fundamental analysis that allows traders to study the factors and events that influence the price of an asset.

Here is a short list of some of the other features that come with 24Option:

  • Buyback: You can “cancel or terminate” a trade up to 5 minutes before expiration. You won’t get all your money back, but you will minimize your losses
  • Demo Account: As stated earlier, this account is great for practicing different trading strategies but is only available after depositing $250
  • Financial News Headlines: Stay up to date on all the latest trends in the world

Customer Support

With 24Option, you not only get professional help, but you also get personal assistance. To allow you to access all the information and support you need, the broker provides several options that you can use to contact them. The options include ​via email, phone, ​live chat, or by filling out a form on the contact us page.

The contact us page displays a map showing the entire 24Option ​support regions across the world that the broker serves. A click on any of the pins takes you to the region’s website with all the information you need to know. The website of 24Option provides ​support in 15 languages. These include:

  • English
  • Spanish
  • Dutch
  • Danish
  • Italian
  • Turkish
  • Portuguese
  • Arabic
  • Russian
  • German
  • French
  • Swedish
  • Finnish
  • Japanese
  • Polish

​Is 24Option A Scam?

Whenever you’re dealing with trading and investing, you want to make sure you’re using a reputable company on a safe platform. 24Option’s practices suggest they are a reliable broker.

When they moved away from binary ​options, their goal was to maintain their standing and image as a reputable platform. Their practices and history suggest that they care about their traders’ and investors’ funds and keeping those funds protected.

24Option is also regulated by two different entities, showing that regardless of where you are trading from, they strive to keep ethical business practices in place. Your account and funding information is secure with 24Option.

24Option Review

Regulated by CySEC 207/13

Minimum Deposit

Welcome Bonus

US Traders not Allowed

Type of Broker: Binary Options Broker
Regulated: Regulated by CySEC 207/13
Payout: 80%
Min Deposit: $250
Min Trade Amount: $24
US Clients:

–>

Max Trade Amount: $100,000
Free Demo Account:
Trading Platform: TechFinancials
Types of assets: Currencies, stocks, indices, commodities
Mobile Trading:
Web-Based Trading:
Automated Trading:
Scalping:
Hedging:
Mobile Alerts:
Trailing Stops:
GTD Stop Loss:
Limit Orders:
Guarantee Execution:
OCO Orders:
Charting Package:
Trading Signals:
Market Analysis:
Option Types: High / Low, Boundary, Touch Options
Expiry Times: 30 sec, 60 sec, 2min, 5min, 15 min, 30 min, 1 uur, 24 hr+, end of the month
Payment METHOD NAME Charge Time
Abaqoos None 2-5 days
Click2Pay 5-10% 2-3 days
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
EcoCard 8-10% 6-7 days
ePay 8-10% 2-5 days
eWire None 1-2 days
Fast Bank Transfer 1.5% 2-3 days
Giropay None 4-5 days
Neteller None 1-2 days
Paysafecard 5-10% 3-4 days
Poli 8-10% 4-5 days
Skrill one 3-4 days
uKash 8-10% 4-5 days

Screenshots

Full Review

The 24Option binary options brand is operated by 247 Holdings Ltd and uses the Tech Financial Ltd white-label platform solution. 24Option was launched in 2020 and has gone on to become one of the biggest binary options brokers in the world (they are even rumoured to be going public very soon).

24Option uses excellent software, they are CySEC regulated (license number 207/13) and have won numerous awards including the “Forex Magnates Broker of the Year” in 2020 and 2020; as well as the Daily Forex Awards for “Best Broker in 2020″. 24Option is one of the largest binary options brokers in the world and offers up to 80% payouts on touch/no touch trades.

Payouts and Expiry Times

The payout depends on the use of the loss return function and the type of trade the trader engages in:

a) There is a 65% to 80% payout for the following contracts: Touch/No Touch, High/Low, Boundary option and Short Term Option.

b) For the two high yield trades on 24Option (High Yield Boundary and the High Yield Touch), the payout starts from 380% and peaks at 500% for successful trades.

The high yield trades have weekly expiries, and the short term trades have expiries of 60 seconds, 2 minutes and 5 minutes for each respective trade. The regular trades have expiry times that start at 15 minutes and peak at one day. In between, there are expiry times for 30 minutes, 45 minutes, one hour and two hours.

The assets that are available for trading on the platform of 24Option are:

a) Commodities: Gold, Silver, Oil.

b) Currencies: EURUSD, GBPUSD, EURJPY. GBPJPY. EURGBP, AUDUSD, USDCAD, EURTRL, USDCHF, USDTRL.

c) Indices: FTSE-100, DAX-30, Dow Jones, Nasdaq Composite, IBEX- 35, CAC 40 Future, S&P 500, Nikkei 225, SMI FUTURE, MIB-40 FUTURE, S&P 500, ASX 200 Future, Hang Seng Future.

d) Stocks: Vodafone, Lloyds, British Petroleum PLC (BP), Barclays PLC, Google Inc, Apple Inc., Telefonica SA, France-Telecom, Societe Generale.

For the iPhone, Blackberry, Android and indeed any mobile device that has internet connectivity, the mobile version of the 24Option website is available.

An educational centre that makes for a complete online technical analysis tutorial centre exists to help traders gain vast trading knowledge of the binary options market. Materials obtainable in the educational centre include a free Trade Manual, an online video tutorial, a binary options e-book and other resources.

Live account holders have access to a demo account for simulated trading.

Deposits and Withdrawals

Traders can use the channels mentioned below to deposit funds and withdraw trading profits from their account:

Credit card/debit card: Cards accepted are those issued by MasterCard, VISA, Diners Club, and JCB. The minimum funding amount allowed with credit cards is $250 while the maximum daily limit for withdrawals is $10,000. Maximum monthly limit for withdrawals is set at $40,000. All transactions are processed instantly.

1) E-wallet: The e-wallets allowed on 24Option are Moneybookers and Liberty Reserve.

2) Bank wires are the most globally accessible option which can be used by traders from countries where access to credit cards or e-wallets is non-existent.

The minimum deposit for credit cards and e-wallets is $250. The deposits for bank wire transfers starts from $1000.

The maximum deposit is determined by 24Option based on the account opening information supplied by the trader.

Min Investment Amount

With as low as $24, a trader can set a trade on 24Option.

Max Investment Amount

The maximum investment amount for the High/Low trade is $15,000 and for other trade types, this is set at $5,000.

A trader can maintain a trading account in any of three currencies: US Dollars, British Pounds or Euros. Cards to be used for deposits and withdrawals must be verified before use. This is achieved by scanning the front and back of the card and blocking off the relevant card numbers, then sending this to the accounts department of 24Option for ratification.

The maximum daily withdrawal limit for credit/debit cards is $10,000. The minimum withdrawal amount is $10. Only one free withdrawal is allowed per month. Subsequent withdrawals are charged at $30.

How can the customer support desk on 24Option be reached? There are several options:

c) Phone +35725030600.

Conclusion:

As you can see, 24Option is one of our favourite binary options brokers. They cater to customers in virtually every language and provide an excellent support system around the clock. Withdrawals are normally processed within a few days so you shouldn’t have any worries about depositing your money here. We also love the TechFinancials software, which provides a better range of expiry times and payouts then SpotOption-powered brokers.

24Option

24option is the most widely known broker on the market and they offer a helpful demo account to try out their trading platform with no risk involved. Their minimum deposit requirement is higher than some other brokers, but if you’re serious about trading that shouldn’t pose a problem. 24option has been servicing traders for many years now and has a solid track record to prove they are not a scam. They do not currently accept clients from the USA.

24Option is owned by Rodeler Ltd, that is based in Limassol Cyprus. Authorized by the Cyprus Security Exchange Commission (CYSEC) with the license number 207/13.

During 2020 24Option amended their offering. They no longer offer binary options, and concentrate solely on Forex and CFD trading.

24option have moved away from platform provider TechFinancials, and developed a new bespoke platform. The new offering also saw a move into Forex and CFD trading, with the firm also offering forex pairs that include Bitcoin. Recent growth in cryptocurrency trading led the firm to add Bitcoin pairs as soon as they could.

Trading Platform

The 24Option trading platform is fairly unique, even within the fairly generic world of binary, forex and cfd trading. The look and feel of the platform has been designed in keeping with the brand, so the usual red and green trading buttons have been replaced.

This bespoke style does not impact the usability of the platform however. The type of trade is available on the top left menu – choose from:

The relevant assets are then shown beneath. Selection any of them will update the relevant payout information, and the price chart on the right. The trading area is well laid out, so although a lot of data is available at once, it is still clear and easy to use.

Open trades, and a history of closed trades are available under the trading area, where performance is constantly updated.

Signals

The trading platform also gives users access to the 24Option signal service. The trader sentiment bar is also used to aid trader decisions. The demo video at the bottom of this review illustrates how to get the most out of these. As ever, signal services should be treated with a certain level of caution, particularly where supplied by the broker. But they can be an additional tool for confirming, or stepping back from, particular trades.

The 24Option signals are referred to as ‘Trading Alerts’, and are found alongside the ‘open trades’ and ‘Trade History’ tabs.

Payouts

With more than a hundred different types of underlying assets on offer, traders at 24Option will certainly be spoilt for choice. They can choose for 43 different types of stocks, 11 commodity related options, 30 currency pairs and 19 types of market indices.

With Forex and CFD trades the payout will depend on the price movement of the underlying asset. Traders can utilise leverage to manage their risk and payouts. While trading on margin can increase profits, it can equally accelerate losses, so should be used with caution.

Regulation

In addition to being regulated and licensed by CYSEC, 24Option is also registered with several other European regulatory agencies such as the Autorité des Marchés Financiers (AMF) in France, BaFin in Germany, CONSOB in Italy and the Financial Conduct Authority (FCA) of UK.

The key benefit of dealing with a regulated broker is the fact that you always have someone to turn to for dispute resolution in the event there is a dispute between you and the broker. Another factor that should weigh heavily on a trader’s mind when selecting their broker is the ability to claim compensation should their broker turn insolvent. With 24Option, traders need not be concerned as they are a member of the Investment Compensation Fund scheme. The fund entitled traders to claim up to a maximum of 20,000 euros.

Mobile App

The 24Option app is a smart and easy to use mobile trading platform, available for android, iOS or Windows, the app is free.

The app has a clear, simple interface, and the trading process is intuitive. Screens and buttons are large making them easy to use without risk of mistakes because of small or hard to find buttons. As well as simple trading, the app will also display open and closed trades, and update them in real time. The trading app is a great addition to the range of features delivered by 24Option. Each version has been written to exploit the full range of functions across multiple devices, so android, windows and iPhone users all get a tailored experience.

Withdrawal

24Option withdrawals will be paid back to the source of the deposit. So payments can only be returned via the same method as a deposit was made. This a common situation, and is actually a safeguard to protect traders from fraud.

For the same reasons, the firm do require proof of address and some form of valid ID, before making withdrawals. This is to comply with money laundering laws. Where a deposit is made via credit card, details for that card will also be required for any withdrawal made later.

Withdrawal Complaints

Withdrawal complaints or problems often stem from delays in this proof of identity procedure. It is therefore worth sending all these details early – before a withdrawal request is made. This reduce the chances of problems, minimise complaints and ensure quicker withdrawal payments.

Account Types

24Options offer a range of account types. Entry to these accounts will depend on the size of the initial deposit. The larger the first deposit, the higher level of account type a trader will join. However, traders can always start with a smaller deposit – and then make a larger deposit at a later date in order to increase their account type.

Gold and Platinum account holders can enjoy regular free withdrawals, regular account holders receive their first withdrawal free. Remaining withdrawals may incur a percentage charge and this figure will depend on the method used – Skrill for example, will incur a 2% charge. Withdrawal requests can be made at any time.

New accounts will also get to choose between forex and cfd accounts. Bitcoin is tradeable via the forex pairs.

Is 24option a Scam?

As a regulated broker, 24Option are not a scam. They provide the service they say they will, and client funds are held separately to company funds. Regulators are taking a keener interest in binary options of late and 24Option have supported this. The trading platform is reliable, and withdrawals paid as requested.

Complaints

One complaint levelled at 24option has been the practice of “upselling”. This is where an account manager working for the broker will contact clients and offer to trade on their behalf. This generally leads to the trader over-trading, and in some cases trading beyond their means.

Where possible, traders should not let anyone else trade on their behalf, and in response to the complaints generated, the binary industry has begun to end the bonuses paid to account managers that behave in this way. It remains to be seen if this ends the practise, and traders need to be aware of the risk. If called by an account manager offering advice, we would suggest a polite “No thanks”.

Bonus

24Option offer a fairly unique bonus offer, by moving away from the traditional deposit match bonuses. They offer a range of ‘Premium Prizes’ – these are normally ‘tech’ offerings, such as an iPad or MacBook.

As with any reputable broker, 24Option will allow traders to opt out of any bonus incentive.

24Option Demo

Below is demo video from 24option, which details how to make a trade via a tutorial – from selecting the asset and trade type, to analysing the charts and judging trader sentiment, this 24Option demo video is fully comprehensive, including where to find the signal service (‘Trading Alerts’);

Review Conclusion

From the fact that 24Option is licensed and regulated by CYSEC, we can deduce that they are a legitimate operation. The warm and friendly service provided by them certainly makes a refreshing change from the cold and impersonal service which other brokers are accustomed to providing.

For those who are interested in opening a live trading account at 24Option, their minimum deposit requirement is $250. As for their minimum trade size, you can trade from $24 per trade. While the services offered by this broker are very good, it is their regular trading competition that sets them apart. Some offer tens of thousands of dollars in prizes to the winners of their competitions. There are also innovative bonuses offered, and the demo account allows traders to get used to the platform before stepping into the markets for real.

Pros
• Bitcoin Forex trading
• Extensive list of underlying assets for trading
• Professional Customer Support
• Robust and Advanced Trading Platform
• Support Multiple Languages
• Wide Range of Benefits and Incentives
• Now offer CFDs in addition to binary options

Cons
• Need to deposit $250 first before access to the demo account is granted

24Option Review Ratings

Customer Service Rating – 10
• 24/7 Support
• Phone Support For 21 Countries
• Trading platform translated into 18 languages

Asset Choice Rating – 10
• 43 Stocks
• 30 Currency Pairs
• 11 Commodities
• 19 Indices

Deposit Method Rating – 9
• Credit Cards
• Wire Transfer
• Web Wallets

Minimum Deposit Rating – 7
• $250

Minimum Trade Rating – 8
• $24

Trading Features Rating – 8
• Standard High/Low Binary Options
• One Touch Binary Options
• Short Term Binary Options
• Boundary Options

Payout% Rating – 8
• Up to 89%
• 15% Rebates

Bonus Offers Ratings – 9
• Up to 100% matching bonus on initial deposit.

Site Intangibles Rating – 9
• Regulated by CYSEC
• Demo account
• Asset Filter Provided
• Real Time Price Feed from Morningstar price quotes
• Demo videos, tutorial and ebook provided
• Regular Trading Competitions With Attractive Prizes

24option Review

Binary options have become one of the preferred trading directions in the non-banking financial sector. When compared to Forex, they are easier to understand and require no actual purchase. Binary options walk a fine line between gambling and trading. To be able to stand a chance of winning on the market, one needs the full support of the broker. Besides your commitment, your broker can carve the success path for your trading career. 24option is one of the brokers that boosts your trading and gives you the necessary means for fair trading. This 24option review breaks down all the important information about 24option and their service.

  • Managed by experienced professional
  • Webinars, educational resources (for free)
  • Suitable trading platform
  • Efficient and multilingual customer support

Check 24option’s Latest Offer Here!

  • Demo account requires a deposit
  • Fees on withdrawals

Who is 24option?

24option joined the market officially in 2020 as a wing of Rodeler Limited. This broker company was established by a group of experts who dealt with Forex, securities, etc., laying down stable grounds for the broker company. 24option is regulated by the reputable CySEC and the Cyprus Investment Firm (CIF). These are the two powers behind the curtains that make sure that 24option stays loyal to its clients, offers the best service in their power, and stays in line with the law. This gives clients security to join the broker with no hesitation.

Trading Platform

TechFinancials is the running platform of 24option. This platform made quite a name in the binary options market and counts to the most reliable platforms. With a convenient interface, smooth performance, powerful software, and extra features, it is the favorite platform of many. Given that mobile trading is one of the essential parts of the business, 24option offers the 24option TechFinancials mobile apps for download. Use your smartphone device to make some money and download this app for free.

Types of Accounts with 24option

24options offer the “golden middle” with three accounts, besides the Demo account.

  • The standard trading account is for the so- called “middle traders” who have some experience, but are not at pro-level yet,offering all the features necessary for smooth trading.
  • The Gold account offers, in addition, an extra 2% return on every trade which is the reason many decide to register with this account.
  • The Platinum account offers various features and extras including touch options, high-yield boundary, latest market updates, as well as personal educational trainings.

24option take pride in their diversity of assets, with some of the most popular being: BMW stocks, Google stocks, silver, gold, etc. 24options offers also the Close Early option which allows traders to change their minds if they see that they are on a losing path. Simply, they can pull out of a trade before the expiry date and get a portion of their investment back. Expiry dates refer to the different timeframes and limits set on trades. Binary options distinguish between short and long-term expiry dates. Traders can enter trades as short as 30 seconds. Long-term trades refer to daily, weekly, and monthly offers. Even if some brokers offer annual expiry dates, this business rather relies on short-term trades. This broker is also known for a pretty high investment return rate,which can reach as high as 82%.

Deposits and Withdrawals

Besides wire transfer, can may deposit and withdraw via Visa, Master Card, PerfectMoney, Skrill, OKAYPAY, Discover, JCB, etc.

  • No fees are incurred on the first deposit and first withdrawal.
  • Bank transfers require a $30 fee.
  • A minimum of $100 is required to issue a withdrawal request (excluding Skrill, where there is no minimum).
  • The withdrawal usually takes 3-4 days, or up to 7 days if requested via bank transfer.

If you sign up with the Gold account you can withdraw funds free of charge on a monthly basis. This means that you can make a withdrawal request for free. If you should withdraw more than one time within the same month, a fee will be applied. Premium account users are better off regarding withdrawals. Namely, they are able to conveniently withdraw funds anytime without paying any fees or commissions. It is not that uncommon that binary options traders require a fee on withdrawals. In fact, if compared to Forex brokers who seldom charge a withdrawal fee, we could say that it is quite often the case.

24option Bonuses

From time to time there is a sign-up bonus provided as a part of a welcome. The bonus amount depends on the account type you sign up with. The bonus can range from a 30% to a 100% bonus. The minimum deposit with 24option is $250. Other promotions are also part of the 24option package, like holiday bonuses or additional deposit bonuses (only when the market is highly volatile).
In order to withdraw the bonus, traders must trade 30 times the amount of their initial investment.

Open Account with 24option Now!

Customer Support

The 24option customer support is available 24/7 via e-mail, live chat and phone including foreign countries. The multilingual customer support can be reached in 21 languages like French, German, Spanish, Italian, etc. Call the customer support and make your own decision about the staff efficiency with this broker.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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