24option ReviewVisit Website
- 24option is CySEC regulated
- Superb range of incentives and benefits
- State-of-the-art trading platform
- Fully comprehensive educational tools
- Minimum deposit of $250 deposit required to access demo account
- Not always easy to take advantage of their bonuses due to their high requirements
24option Deposit & Withdrawal Methods
24option Broker Information
- Founded: 2009
- Company: Rodeler Limited
- Incorporated: Cyprus & UK
- License: CySEC
- Platform: Tech Financials
- Minimum Deposit: $250
- Minimum Withdrawal:
- Returns: 89%
- Minimum Trade:
- Demo Credits:
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
24option is a CySEC regulated broker authorised to provide trading services across the EU. The company adheres to strict trading laws which align the company with its commitment to being a secure binary options broker.
24option is committed to providing the best, user-friendly trading experience and the most advanced technology and tools on the market. This allows its traders to trade with confidence, while ensuring their success and maximising their profits. 24option uses the Tech Financials trading platform, one of the most innovative trading platforms around, offering traders a unique trading experience in a safe and secured trading environment.
24option traders have one of the largest portfolio of assets on the market with over 100 tradable assets and currency pairs offering up to 98% profit. The minimum deposit is $250 which is one of the lowest minimum deposits for a regulated binary option broker.
24option’s customer service is of the highest level with all requests handled in a timely and professional manner. Access to support is available by way of email, live chat or phone. With support in 17 major languages, it is difficult to find another broker in the industry that is more trader-friendly than 24option.
24option was formerly owned and managed by CBAY Financials and is today under the management of a holding company called Rodeler Ltd following a merger in December 2013. 24option is located in Limassol, Cyprus and received its CySEC license as a regulated broker on July 11th 2013. 24option is also registered with CONSOB in Italy, BaFin in Germany, AMF in France and the FCA in the United Kingdom.
The company is proud of its many awards, most notably the prestigious Forex Magnates London Summit 2014 Award which is a significant achievement for being one of the top binary options brokers. 24option also holds an award for the best payouts and for accepting the biggest investments on a single trade in 2014.
24option Bonus Terms & Conditions
All new 24option traders receive a 100% welcome bonus, in addition to periodic bonus programs, which allows traders to trade binary options with double the amount of their initial investment. 24option’s comprehensive set of bonus terms and conditions cover a broad spectrum of its activities. With its cash bonus, for example, the required volume that needs to be reached for a trader to obtain their bonus is up to 50 times the amount of the bonus credited to their account. For example, traders depositing €5,000 who receive a 70% bonus on their deposit i.e. €3,500, will earn their bonus as soon as they reach €175,000 in trading volume. Earned bonuses are fully available for use in trading and may be withdrawn.
24option Withdrawal Terms & Conditions
24option’s withdrawal process is easy and secure. Its policy states that all withdrawals will be processed to the original source of the funds, so a trader depositing by credit card will have their funds credited to their credit card. If the value of the withdrawal request exceeds the value of the amount deposited by credit card the outstanding amount will be paid by wire transfer. In order to comply with anti-money laundering policies, 24option requests official ID, proof of address and full credit card details before the first withdrawal is allowed. 24option does not usually charge a withdrawal fee on first withdrawals whereas gold and platinum members receive discounts on withdrawal fees.
24option Demo Account
To make use of a demo account with 24option, a trader first needs to open an account by filling in their personal information and funding their account with an initial deposit of $250. Traders will find 24option’s demo account easy to use thanks to its high-tech platform. Using 24options’s demo account gives traders a jumpstart on their trading while allowing them to mimic the real trading platform so that when trading with real money, they can avoid big financial risks and other pitfalls.
24option Scam Watch
It is always important to check that a binary options broker is regulated by a government regulatory agency such as CySEC before opening an account and the benefit of trading with 24option is that since they are regulated, traders are able to file any complaints about the broker with their regulator, CySEC. Any information relating to 24option prior to receiving their CySEC licence is no longer applicable because as of July 2013, they are now licensed and regulated. This means that 24option is a legitimate and not a scam binary options broker.
Traders will also be assured to know that 24option is a member of the Investment Compensation Fund which gives traders protection of up to €20,000 in the event that a broker cannot fulfill its obligations.
24option Mobile App Review
24option’s free mobile app offers traders an impressive mobile trading experience with its app for iOS (iPad/iPhone) and Android OS smart phones via Google Play. 24option’s mobile app allows traders to check the markets, open new trades and access their accounts while on the go and without being tied down to one location. By typing 24Option.com into their mobile browser, traders can start trading immediately with the advantage of being able to access all the benefits of 24Option’s platform on their mobile device. The mobile app from 24Option.com is fairly easy to use and navigate. Although some features like banking options, trade history features and asset list sorting are not included, its impressive set of features is more than enough to fulfill the purpose of mobile trading while providing binary traders around the world with a safe and secure mobile trading solution.
24option Video Review Transcript
In this video, we will be reviewing 24option.
Their office is located in Cyprus. They were founded in 2010 so over four years ago. So they’re one of the first brokers to be established in binary options. They’re regulated by CySEC. And their telephone number is, obviously, there for you to see. And their supporting email is just [email protected]
This is the more important things to know about 24option. Their returns are up to 89% which is quite a high– one of the highest payouts, returns in the industry. Their minimum deposit is $250. Their minimum investment is $24 which is one of the more higher minimum investments. Their maximum investment is $50,000.
They do offer a demo account. Basically, if you’re after a demo account, just contact their support team or their support on Live Chat. They don’t accept traders from the USA. And their cashout has a minimum of 48 hours turn around.
So you’re banking options are, for depositing, via Skrill, wire transfer, many credit card options, cashU, WebMoney. And you can withdraw via Skrill, wire transfer, and WebMoney.
If you are interested in a bonus, the bonus is a 50% bonus. And it’s awarded once you have traded 50 times the deposit amount. So for example, if you open an account with 24option with $5,000, they require you a trade volume of $250,000 before you get credited with $2,500 which is then available for withdrawal.
If you do wish to withdraw before that time, you forfeit the right of your bonus. And also be aware that you might not be able to withdraw your initial deposit. So just keep that in mind before accepting a bonus. I recommend not to if you’re trading for the first time.
So the trading platform is on Tech Financials software which is one of the better software platforms on the market. They have quite a comprehensive expiry times from 30 second expiries all the way up to end up day. The most popular ones are 60 second, 30 minute, and one hour.
They offer trading on mobile and tablet either via the website, and they also have a downloadable app. They have various option types, the most popular, obviously, being High/Low. They also offer One Touch and Boundary options. And they have all– they offer all the assets, Commodities and Indicies and Stocks.
OK. So here is just a basic, quick example of how the 24option.com platform and what it looks like. You basically have all your different option types here on the left side column with all the different assets below it, the most common being High/Low. Then you’ve got your One Touch, your Boundary, and your short term which has your 30 second, 60 second, 2 minutes, then 5 minute different options available.
So if you’re after– obviously, if you’re after a High/Low, here you’ve got all your assets. It’s got a little filter here where you can sort– Forex, Commodities and Indices– depending on what you’re after. In Australian morning now, so there’s not many assets open other than Forex.
So if you’re interested in trading an asset, simply click the asset. And then you’ll come over to the right hand side, and this is the widget where you can actually place your trade. Up here is your payout. Here — so that’s 70% for this particular asset. Your different expiry times here.
So right now, this clock operates on your local time zone. Some brokers offer it on a GMT scale. So just keep that in note.
So if we wanted to actually trade a– the next option would be 09:50 which is going to expire in seven minutes. That shows you we’ve got one minute until it’s locked out. So then you just put in your amount. So the minimum is $24.
I’ll come down here, show your return. On $24– If we win, we’ll get $40.80. And if we lose, nothing. Basically, just slipped High/Low and then hit buy. And that’s pretty much how you execute an option on 24option.com. Very basic, very simple.