If you are an investor who wants to trade with a tested and renowned binary options broker in the industry, in this 24Option review we have discovered that they may be the best binary broker. A quick visit to their website would quickly remove any doubt you might have had about them. On their website, you would be greeted with the message “Welcome to the world’s most awarded trading platform.” You are then told about their new London office which is officially open. You will also be notified of an ongoing $100,000 trading competition with an endorsement from Boris Becker, the famous tennis star. 24Option is currently owned by Rodeler Limited and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has been around since the early days of binary options trading.
Remarkably, 24Option is known for offering one of the highest return rates in the industry which occasionally hits 89 percent for selected options and option types. Rebates may also apply. When it comes to their trading platform, they are quite different from most other brokers. Unlike the majorities of brokers that operate on Spot Option trading platform, 24Option trading platform is an augmented version of Tech Financial highly renowned trading system. All the information on 24Option trading platform is conveniently displayed and well arranged to avoid confusion. The features of the trading platform are also conspicuously positioned to ensure traders enjoy a trading experience that commensurate with their background and level of expertise.
There is absolutely no need of downloading any software as the system is web-based. For traders who would love to trade on-the-go, 24option has an iOS and Android app for mobile devices. More than 100 assets await you in stocks, indices, forex and commodities on 24Option. The types of option on 24Option include Boundary, One Touch, High/Low and 60-Seconds option. There are lots of interesting monthly competitions and promotions, which include having access to tickets for Juventus and Arsenal football matches through corporate sponsorship.
Founded in 2008, 24Option opened its doors for business in 2010. The management team is made up of professionals with background in stocks, forex, binary option, financial market and other related disciplines. They goal was to deliver innovative and quality service and they have not disappointed. The numerous awards they have scooped along the way is a testimony to this fact. Starting from the trading platform, assets choices, educational resources, and payoff rates, 24Option is a top of the line broker in all aspects. A veteran in the binary options industry, 24Option remains one of the most respected brand names in the market.
- The broker has been in existence since 2010 and has won many coveted industry awards;
- The primary regulator of 24Option is CySEC in Cyprus, but the brokerage firm has met favorable compliance standards for a host of regulatory agencies across the European Union and the UK;
- In compliance with CySEC rules regulations, all investors’ deposits are separated from operating capital and further protected by the local Investor Compensation Program;
- Payouts can be as high as 89%, with some special High-Yield options reaching 400% or more;
- Depending on the type of option chosen, rebates can also apply
- Binary options come in four flavors – One-Touch, High/Low, Turbo, and Boundary;
- Wide range of underlying assets, including, currency pairs (29), and indices (19) stocks (43), commodities (11);
- New Investor’s Choice feature allows for mirroring and tracking of top traders in the system in real time;
- Quick access to customer support with multilingual capabilities “24X7” via chat, toll-free phone lines, and emails.
- Three types of accounts are available, based on how much is deposited and option payout criteria – Standard, Gold, and Platinum, with benefits that escalate with each package;
- Free demo account is available upon registration and receipt of the initial deposit of $250;
- Bonus programs are available, including scheduled monthly competitions;
- After deposit, trading can begin immediately.
- Minimum Initial deposit is $250, and its equivalent may be made in JPY (¥), EUR (€), GBP(£), or RUB (руб);
- The minimum trading amount for a single option is generally $24, and the maximum trading amount for a single High/Low option is generally $10,000 USD;
- 24option accepts all major deposit methods like Wire Bank Transfer, eWallets and major credit cards like MasterCard, Maestro International, Visa, etc
- Investors can select Japanese Yen, US Dollar, British Pound, or the Euro as trading currency;
- Trading currency cannot be changed once selected once you have selected
- Before a withdrawal request initiated and processed, as a standard procedure, 24option will normally request for the legal documentation required to comply with anti-money laundering policies
- 24Option users are allowed one free withdrawal every month, though banks could charge their own fees for such withdrawals
24Option has developed a large educational resource center that encompasses trading ebooks, eCourses, trading videos, interactive ebooks designed for varying levels of expertise while focusing on strategies that are profitable.
24option customer support service is one of the best in the industry. Support is offered in 17 languages and is available 24 hours of every day via chat, email or phone.
In accordance with strict Cyprus Securities and Exchange Commission’s regulations, all investors’ deposits are separated from operating funds and protected by the Investor Compensation Program handled by officials in Cyprus. Additionally, trading session and personal data are encrypted using the current 128bit SSL encryption technology.
As a binary options brokerage firm that is committed to customer’s success, 24Option has invested a lot of resources into developing a user-friendly trading platform that makes trading enjoyable, fun and profitable. In terms of awards and recognition, 24Option is in a league of its own. They have set a very high standard for other brokers to emulate with their fair and focused services in the binary options trading arena. It would really be difficult to find another broker that surpasses 24Option at any level. Their reputation and professionally, established over several years, speaks for itself.