24Option is one of the binary options industry’s most recognised names and is a leading choice among many traders. 24Option is a CySEC regulated broker which provides the most advanced technology and trading tools available. Using the Tech Financials trading platform, traders can benefit from a unique trading experience in a safe and secure trading environment. 24Option traders have access to over 100 tradable assets and currency pairs offering up to 87% profit.
24Option offers an impressive range of payment methods with a fast and efficient withdrawal process which takes just minutes, subject to 24Option’s client verification process. To assist traders with this process is a professional customer service team, ensuring all requests are handled in a timely manner. Access to support is available in 17 major languages by way of email, live chat or phone.
As one of the leading binary options brokers, 24Option’s withdrawal process is highly regarded as one of its best features, giving clients the assurance they need when withdrawing their profits. In the following, we check out 24Option’s procedures and track record to see whether traders can expect to experience the satisfactory withdrawal process promised by this top broker.
24Option Withdrawal Steps
24Option’s withdrawal process is easy and secure and can be initiated by completing the form on the website. To begin the process, traders need to log in, choose the banking page and select the ‘Withdrawal’ option. All withdrawals will be processed to the original source of the funds, so a trader depositing by credit card will have their funds credited in the same way. 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 accordance with their compliance procedures, traders must supply official ID, proof of address and full credit card details before the first withdrawal is allowed. Traders should note that withdrawals usually take between 3 – 5 days to process. Requests for withdrawals can be made at any time via the 24Option website and will be processed only after identification has been verified.
24Option Withdrawal Methods
24Option offers its clients a choice of withdrawal methods including a wide selection of debit/credit cards, bank wire transfer and e-wallets including Skrill and Neteller. Withdrawal requests are handled as quickly as possible after receiving withdrawal request instructions from the client.
24Option does not impose withdrawal fees on first-time withdrawals for Basic and Silver account holders. Gold members are entitled to one free withdrawal per month whereas Platinum and Diamond members are not charged for withdrawals. Credit card and Neteller transactions incur a fee of 3.5% with 2% charge imposed for Skrill payments. Bank wire transfers incur a charge of 30USD/25EUR. The minimum wire withdrawal amount is 50USD/50EUR.
24Option Bonus Withdrawal
All new 24Option traders receive a welcome bonus of up to 100% as well as a range of other bonuses. 24Option’s comprehensive set of bonus terms and conditions cover a broad spectrum of its activities. and its cash bonus, for example, requires a trading volume of up to 50 times the amount of the bonus credited to their account prior to a trader being able to withdraw it. Other bonuses have a trading requirement of 40 times, hence traders are advised to check each individual bonus for clarification. All earned bonuses are fully available for use in trading and may be withdrawn.
24Option Withdrawal Summary
24Option is an established, industry-leading binary options broker with a solid reputation. The withdrawal process is straightforward with a page on their website covering the procedure in depth.
Having looked into any complaints about 24Option, there were only a few minor issues which we could find. A few clients on some of the forums complained about the withdrawal approval process taking longer than expected, although we do not perceive this to be a cause for concern because their problems were resolved and also because their terms and conditions state exactly the amount of time that the procedure takes.
There were also a few complaints relating to the 50% match bonus offer and associated withdrawal problems. As with all bonuses offered by binary options brokers, there are strings attached and it is up to traders to read the terms and conditions to ensure they are eligible to withdraw, hence we believe these complaints are unfounded.
As far as we can see, there are no outstanding cases and we are confident that 24Option is a legitimate broker to trade with and is one which is trusted by brokers across the world.
We always recommend that clients read each broker’s terms and conditions and in the event of a complaint, to get in contact our Broker Complaints Service which provides assistance in resolving any outstanding withdrawal issues.