24Option Australia

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24Option Australia

I get asked a lot: Is 24Option available to Australian traders?

24Option is a top binary options broker that has managed to build a good reputation for itself having been established back in 2020. 24Option stopped accepting USA and Australian traders since, but they are still the favorite broker for many traders around the world.

Why Are Australians Not Accepted on 24Option?

Australians were accepted until 2020 on 24Option. Since 2020 only ASIC regulated or unregulated binary options brokers can accept Australian traders. 24Option does not have an ASIC regulation yet (they are CYSEC regulated), which means that they no longer accept Aussie traders.

24Option Trading Platform

24Option is powered by the TechFinancials trading platform, that is equipped with many advanced features.

The platform supports multiple layouts, so you can see all the information you want on a single page. There is a description for each type of trading located on the sidebar. The platform is well organized and has all the basic features you need. 24Option supports several types of options including high/low, above/below, one touch, and boundary.

The short term options including short term and high/low options feature a payout rate of up to 89%. The above/below and boundary options features an even higher payout rate of up to 310%. The one touch options has the highest maximum payout rate of up to 500% if you win the trade. 24Option offers a refund rate of up to 15% if you lose in the trade.24Option has a mobile app that let your monitor your trading activities on an Android and iOS device. The screen is big so you can easily navigate around the platform without accidentally pressing the wrong button.

Types of Trading Accounts

There are more than 100 assets for you to choose from.

24Option offers 5 types of accounts including standard, silver, gold, platinum and diamond. Standard requires an initial deposit of $250 and offers a ROI of up to 83%. Beginners account offers the same ROI rate as Standard account but it requires you to deposit at least $2000.

Gold account offers up to 85% ROI and has a minimum deposit requirement of $25000. Platinum account has a minimum deposit requirement of $50000 and has a ROI rate of up to 87%.

Diamond account is designed for traders who want to invest more than $50,000. You can apply for a Diamond account through the account manager that was assigned to you. 24Option supports 5 different types of currencies in the account. New sign ups are entitled to a welcome bonus that range from 20% -100% for new signups. There is a demo account but it is only accessible after you have registered for an account. The demo account is not free as you need to deposit at least $250 in order to activate it.

Deposits and Withdrawals

24Option supports credit card/debit card and bank wire for deposit and withdrawal just like other binary options broker. In addition, they also support many e-wallets for deposit/withdrawal including Skrill, paysafecard, Qiwi, Cash U, Moneta, SoFort, Neteller, WebMoney, Astro Pay, Neosurf, girofpay and iDeal.

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Education Center

24Option has an education center that provides binary options trading video tutorials for all difficulty levels including basic, intermediate and advanced. There is a free e-book that you can download onto your computer. If you use a mobile device, you can download the interactive e-book. They offer free daily market analysis and reports for traders. There are tutorials that teach about the different types of trading strategies. You can also take part in the webinars to learn more about binary options trading. To find out what webinars is taking place, you can check out the calendar at the education center.

Customer Support

24Option is recognized for its top notch live chat customer service that support up to 16 languages. They also provide a multilingual telephone customer service that support 16 languages. If you decide to contact their customer support by telephone, you can request for a representative that is fluent in your native language so that it is easier for you to communicate about your issues. If you want to contact 24Option’s support by email, you will have to use the online email contact form. You can configure the website layout to your native language such as English, Italian, Portuguese, Japan, Dansk and etc.

Conclusion

In conclusion, 24Option is a top binary options broker that become recognized for its excellent customer support and attractive incentives in the trading accounts. They hold trading competition with big prizes to be won from time to time.

24Option Australia

24Option is a well know binary options vendor based in Cyprus. They are regulated by CySEC, the Cypriotic securities authority. Since Cyprus is a part of the European Union, 24Option must also adhere to EU:s consumer protection regulation.

24 Option facts

Minimum deposit 250
Minimum trade 25
Maximum trade 100000
Demo account Yes
Mobile trading app Yes, for iOS and Android
Signal service Yes
Company name Rodeler Limited
Company seat Cyprus
Regulative authority CySEC

Trading binary options

The trading platform is easy to understand and there is a wide range of binary options available. The trading area is streamlined and you will quickly find what you’re looking for. Select the underlying directly from a list or filter by class or category in the drop-down menu. Once the underlying has been selected, the trading area will update to display available options.

Lifespans

Shortest possible life span in the standard assortment of binary options is 60 seconds after purchase. Binary options with a lifespan that exceeds one week exist, but are rare.

Early close

For many binary options, 24 Option will offer an early close. The close value is displayed for each individual binary option that you own, and will vary over time. If you agree to close, you get paid the currently displayed close value and the option is closed immediately.

Payouts

The payouts will vary depending on which binary option you buy. High-risk binary options give higher payouts and vice versa. Generally speaking, 24 Option offers competitive payout levels. Standard binary options pay up to 88 percent, but special high-risk high-yield binary options that pay more than this can be found via the High Yield tab when you are logged into the 24 Option platform.

Binary Option types

24 Option offers binary options based on stocks, indices, commodities and currency (FX).

The four most commonly sold binary option variants are High/Low, One Touch and Boundary. High/Low is the traditional binary option – your task it to predict if the underlying will be above or below a certain value when the option expires. With the One Touch binary option, the whole lifespan of the option is important; all it takes for it to pay out or become worthless is for the value of the underlying to reach a certain predefined point at any time during the lifetime of the option. Boundary is a binary option where the price must remain within (or stay outside, depending on which option you buy) a predetermined value channel. It’s an interesting way to make money in flat markets.

Mobile trading app

Mobile 24 Option trading apps are available for iOS (download from iPhone App Store) and Android (download from Google Play).

Curious about the app? When you are logged into 24Option in your browser, you can look at demo versions of the iOS app and the Android app. Switch effortlessly between demo smartphone version and demo tablet version.

Transactions

Examples of available transaction methods:

  • VISA
  • Master Card
  • Discover card
  • Delta
  • Qiwi
  • Neosurf
  • Astropay
  • Skrill
  • Neteller
  • WebMoney
  • PaysafeCard
  • Thawte
  • Moneta
  • Giropay
  • iDEAL
  • Wire transfer

The minimum deposit is $250. Deposits can be made in USD, EUR and GBP. Once you have selected a currency for your account, it can not be changed.

With a standard 24 Option trading account, you get to make your first withdrawal for free. After that, you be a withdrawal fee for each withdrawal. The withdrawal fee will depend on the transaction methods and, sometimes, also on the size of your withdrawal. Making a withdrawal through Skrill will for instance cost 2% of the withdrawn amount.

With a Gold Account or Platinum Account, you will enjoy regular free withdrawals.

Additional information

Customer support

Customer support is offered in many different languages, including English and Spanish.

CFD trading

In addition to binary options, 24 Option also offers CFD:s (Contracts for Difference).

The CFD:s are available for leveraged trading if you want to. Highest available leverage is x200.

Education

The 24 Option education centre in the platform is filled with useful resources for anyone who wants to become a more skilled trader. There are eBooks, videos, manuals, and more.

Copy trading

Copy trading is available. By using the feature, you can elect to copy another trader’s trading (within your set perimeters).

Top 10 Australian Binary Options Brokers by TradersBible

As Australia has no restrictions or legal framework to license, regulate and approve Binary Options Brokers, then as a trader you do need to be careful in regards to just which Brokers you do sign up to, as you will not be afforded the protection offered by an Australian regulator.

However, what we offer here at the Traders Bible is a range of top rated and fully licensed Brokers all of whom are fully licensed and regulated in different countries of the world. With that in mind if you are a trader who is based anywhere in Australia the following guide will be of great use to you.

Below you will find a complete overview of our top rated Binary Options Brokers, all of who accept and allow Australia based traders. You will find there are several standout qualities offered by each of these Brokers and as such please do read on as we are more than confident several of them will suit your trading requirements and demands.

Deposit: $10 Payout: 90%*

Broker Offer Review
Review!

* Amount to be credited to account for a successful trade

To enable you to find a Binary Option Broker that will suit your trading needs below we have listed the top ten Australia Binary Options Brokers and alongside each of them you will find information regarding their minimum deposit amounts, the current value of their new trader bonuses and the expected gains you can expect to make on the vast majority of their trading opportunities.

Porter Finance – If you are looking to place trades with very short expiry times then it will be worth signing up to Porter Finance as you will find plenty of low expiry time trades available including plenty of 60 second trades. The minimum deposit option at Porter Finance Australia is $250 and a new trader bonus worth 100 % of your initial amount is on offer and profits can be as high as 85%

AnyOption – One aspect of the AnyOption trading platform which you will appreciate is that it is fully configurable and as such you will be able to load into it your own unique trading strategy. The minimum deposit option at AnyOption Australia is $200 and a new trader bonus worth $20,000 is on offer and profits can be as high as 86%

24Option – Thanks to the highly advanced yet very easy to understand trader guides which can be accessed at 24Options even if you are new to the world of Binary Options trading by reading through those guides you will soon discover how to place any type of trade online or via their mobile trading platform. The minimum deposit option at 24Option Australia is $250 and a new trader bonus worth 100% of your initial amount is on offer and profits can be as high as 89%

Opteck – One final Binary Options Broker that comes highly recommended is Opteck who allow all Australia based traders. The minimum deposit option at Opteck Australia is $250 and a new trader bonus worth 100% of your initial amount is on offer and profits can be as high as 85%

24 Options the Best Forex Broker in Australia

24Option is a world renowned award winning broker, which is located in Limassol, Cyprus. Since 2020, The broker has been providing trading services for binary option traders. Lately,24Option has expanded their services to and now it also providing services for Forex, CFD’s, commodities, stocks and indexes, and now is considered as a full service forex broker. 24Option is owned by Rodeler Limited, which is regulated by the Cyprus securities and Exchange Commission or CySEC under the license number 207/13. Grandoption, QuickOption and 24FX brands are also owned by Rodeler, which provides the clients the diversification of enjoying the most advanced trading platform available in the market.

96.75%

“The Best Forex Broker in Australia “

24 Options : the services of 24 Options are available on a cross border basis to EU member states. Since the company’s regulatory obligations, the clients funds are safeguarded by being deposited into segregated bank accounts. The company’s has two main offices, one which is located in London, England, and the company’s headquarters, which is located at #39 Kolonakiou Street, Ayios Anthanasios Limassol, CY-4103 in Cyprus. Since 24 Options is yet to be active in the United States, the broker is no accepting customers based in the United States.

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UNIQUE FEATURES OF TRADING WITH 24OPTION

Due to 24 Option’s large experience in the industry, being one the first online binary brokers, the broker gives it’s clients the opportunity to trade on a wide range of assets that are carefully selected to attract clients from all around the world. The list includes CFD’s trading on equity indexes from the world’s largest economies. Also, 24 Options is offering CFD’s on up and coming U.S Stocks, like Google, Apple and Facebook. Furthermore, clients are able to trade on the largest banks in Europe and Russia, such as Barclays, Deutsche Bank and Sberbank.

As mentioned above, 24 Options recently added Forex and CFD’s services into its arsenal, The leverage that is being offered is 200:1 when it comes to Forex trading. The clients are able to trade on all Major and Minor currency pairs, such as the USD, EUR, JPY, GBP, AUD, and CHF, exotic currency pairs are also available on the platform. Clients of 24 Option have the option to trade through the broker’s own in-house platform, in addition to the MetaTrader4. The option of trading through your mobile device is also available, using the iOS and Android systems.

Like many online forex brokers, 24 Options isn’t applying any commission on the clients, therefore, widening a currency pair’s dealer spread to compensate themselves. The broker is offering a variety of spreads depending on the account type of the trader.

TRADING SOFTWARE

24 Options is offering the services the popular MetaTrader4 platform, in addition, the broker has developed their own in-house trading platform, that’s offering many features that make the trading on it much more efficient and comfortable, which cannot be found on many other platforms. Trading on the new platform includes both binary options trading and the new ability to trade Forex, CFD’s and commodities.

DEPOSITS AND WITHDRAWALS

The wide range of account types that are being offered by 24 Option are assessed for each client depending on the account manager’s evaluation.

    Basic – The Basic account offers an a very comfortable spread for both Major, Minor and Exotic currency pairs, Exotic currency pairs as low as seven pips, major pairs as low as three pips, and minor currency pairs the spreads are as low as four pips. On the basic account the client has the option to trade on the MT4 and the company’s Web platform, which is also available on both Android and iOS. The basic account also offers a 24/7 customer service. The minimum deposit that is required for the basic account is €250, £250, ¥25,000 or RUB 10,000

Silver- Besides all of the services and features that are available on the basic account, the silver account is offering Trading alerts and a Personal Trading Coach. The minimum requirement for a Silver account is a deposit of 2000 EUR/GBP.

Gold – In addition to all of the services listed above, the Gold account is providing the trader SMS and email alerts. Also, Gold account members recieve an extra 2% return on every trade they open. The minimum deposit to become a Gold account member is 25,000 EUR/GBP.

Diamond – The Diamond account combines all of the features of all of the account types, in addition, members of the Diamond account receive tickets to Juventus FC soccer matches in Europe,and moreover, the client receives a customizable trading platform, there is no specific amount that needs to be deposited to the account to become a member of the Diamond account, the amount needs to be set up with clients account manager.

The minimum amount to start up a live forex account with 24 Options is 250 EUR/GBP. The deposit to the trading account can be done via a credit card, 24 Options accepts Visa,MasterCard and Discover, wire transfers through a bank are also accepted, and through

doesn’t accept PayPal.

Minimum deposit through a credit card, is €250, £250, ¥50,000 and RUB 10,000. And the minimum through a bank wire transfer is £1,000, €1,000 and ¥100,000.

24Option Review and Tutorial 2020

Go to the Brokers List for alternatives

24Option Facts & Figures

Trade nearly 200+ global stocks at 24Option via CFDs. Spreads are competitive and stop loss and take profit orders are available. Even trade new cannabis firms in Canada!

24Option deliver a high quality forex trading service, with over 45 currency pairs and variable spreads from just 3 pips.

24option offer crypto with the tightest margins. They also offer markets against a range of currencies, not just USD.

Instruments CFD, Forex, Crypto, Stocks
Demo Account Yes
Min. Deposit $250
Min. Trade From 0.1 lots
Regulated By CySec
MT4 Integration Yes
Mobile Apps iOS, Android and Windows
Auto Trading No
Trade Signals No
Islamic Account No
CFD
FTSE Spread 1 pt
GBPUSD Spread 0.2 pips (var)
Oil Spread 1 pip
Stocks Spread 0.2% Var
Forex
GBPUSD Spread 0.2 pips (var)
EURUSD Spread 0.2 pips (var)
EURGBP Spread 0.9 pips (var)
Assets 45+
Cryptocurrency
Spread BTC 0.4%, ETH 0.5%
Coins BCH, BTG, BTC, ETH, LTC, XRP, XRM

24Option were created in 2008. Opening as a Binary Options broker, 24Option is now a leading CFD and forex brand owned by Rodeler Ltd. The firm’s head office is located in Cyprus . For traders outside of the EEA (European Economic Area), customers of 24Option do business via a separate company called Richfield Capital Limited based in Belize.

In the past, the main product offered has been binary options. But 24Option has recently begun to offer CFD trading and forex in a bid to rival the more established brokers in the sector. The similarities between the products meant 24option were able to build their own bespoke trading platform, and add new functionality for CFD and forex trades. Binaries have now been removed completely.

Trading Platforms

In terms of the trading platform used by 24Option, the broker previously used the binary options trading platform that was powered by TechFinancials. However in their bid to extend their product offering, 24Option now uses a proprietary platform (with the same login details) called Scipio to provide CFDs and forex trading services.

MetaTrader 4

In addition to the Scipio trading platform, 24Option has also integrated the popular MT4 trading platform for traders who wish to trade the spot forex and CFD markets. The main attraction of the MT4 platform is the advanced trading tools that have been integrated into the platform.

So traders can use one of two platforms, each provides different strengths. MT4 is perhaps more complex to use, but includes way more analysis tools and also automation options. The traditional platform is easier to use. Traders can of course, perform research on one platform, and trade on the other. Login details remain the same for both.

Mobile Trading

24option provide a free mobile trading app for both iOS (iPhone and iPad) and android. The apps are available for download both on Apple’s App Store or Google Play Store. The app delivers all of the functionality of the main website, including many account management features. The app takes advantage of the strengths of each platform (android or iOS) in order to maximise the functionality on every device.

Using the app is slick and intuitive. The login process is quick but secure. Technical analysis becomes hard on smaller screens, but trading and amending details are straightforward and a real bonus for traders who need to react to events while they are away from their computer or laptop.

Trading Accounts Offered

There are 4 different types of trading accounts available at 24Option for you to choose from. The trading accounts are categorized into Basic Account, Gold Account, Platinum Account and the VIP Account (previously Diamond).

Each level of account offers slightly better terms, including more lessons and tighter spreads.

To open a live trading account, you need to meet a minimum initial deposit of $100.

Regulation & Reputation

Are 24Option a scam, or are they trustworthy? Their regulatory history suggests that they are a responsible company. The move away from the binary sector was designed to maintain their reputation.

In terms of regulatory oversight, 24Option is regulated under 2 regulatory agencies. For operations within Europe, 24Option is regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license no. 207/13 issued to Rodeler Ltd. For operations outside of Europe, 24option comes under the jurisdiction of the International Financial Services Commission of Belize. The authorization is issued to Richfield Capital Limited under the IFSC registration number IFSC/60/440/TS/15-16.

Bonus

Owing to the recent memo from CySec ( C168 (30/11/2020) and C194 (16/03/2020)), bonuses – either deposit bonus of free trades etc – are now prohibited. 24Option therefore do not currently offer a sign up bonus.

Instruments

Currently, the firm has a wide selection of underlying assets for their clients to choose from. In total, there are more than 130 different types of underlying assets. The selection comes 4 main asset classes mainly currencies (34 pairs), commodities (11 types), market indices (25 indices) and stocks (61 companies).

Customer Support

Customer support at 24Option is provided on a 24/7 basis. Traders can reach the support team through email, live chat or the telephone. For the following countries, localized telephone support is available:

Belize, Brazil, Chile, Colombia
Malaysia, Mexico, New Zealand
Peru, Russia, Saudi Arabia, Singapore
Ukraine, United Arab Emirates

Deposit & Withdrawal

For the funding and withdrawal of funds at 24Option, there are a variety of methods that you can use. The supported methods include VISA, Mastercard, Discover, Diners, Switch, JCB, Skrill, Neteller and bank wire transfer.

Are 24Option Best For Day Trading?

For day traders, 24Option is ideal as the broker is able to provide the right selection of underlying assets for day traders to trade with. For example with binary options, you can trade in contracts with an expiry time as short as 60 seconds. Likewise with CFDs, the trader has the choice to determine when he wants to close the trade. The ability to be able to arbitrarily close a trade is crucial for a day trader as a split second decision can mean the difference between profit and loss.

What is the minimum deposit requirement to open a trading account?

The minimum deposit requirement is $250.

How fast can my withdrawal request be processed?

The typical processing time required for a withdrawal request at 24Option is 3 business days.

Is 24Option a reliable broker?

Yes. 24Option is a reliable broker as it is regulated in multiple jurisdictions. In addition, the broker has established a reputation as being one of the leading names in the industry.

What kind of trading platform does 24Option have?

24Option offers two types of trading platforms, a proprietary platform called Scipio and the MetaTrader 4 platform.

What is the maximum leverage available?

The maximum leverage offered by 24Option is 1:200.

24Option Company Details

24Option are based at: 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios, Limassol, Cyprus

Accepted Countries

24Option accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use 24Option from Belgium, Iran, China, Bosnia And Herzegovina, Israel, France, Japan, Australia, Canada, United States, India, Nigeria, Brazil, Switzerland.

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