24option Review

Binary options broker 24option is undoubtedly holding a leading position on the market, providing the most favourable conditions for traders. Broker 24option been recognized as the best broker binary options in several years at prestigious conferences in Europe (iGB, CIOT, EGR) and by reputable financial magazines, like Investing, UK Forex and Forex Magnates. The company got those awards for a good reason: excellent tutorials, the largest selection of assets on the market, high percentage payouts and convenient platform – all this allows 24option to always be on top in various broker ratings. In addition, 24option tries to compete with other brokers by using innovative marketing and technological solutions. For example, they were the very first in the industry to sign a sponsorship contract with one of the biggest football clubs in Europe, Juventus FC. They want people to know what “24option” is, and it works pretty well, considering they now how a short-term sponsorship deal with the most famous MMA fighter of these days, Conor McGregor. We listed such influential teams and people in order to show that neither Juventus or McGregor would sign a contract with some odd company, which wasn’t providing great service, or had a bad reputation in the binary options industry. In our 24option review we carefully analysed all aspects of the brokers work: trading platform, sign up process, service quality, bonuses and promos as well as some facts about the company.

history History of 24option

24option brand was founded in 2010, and is the part of Rodeler Limited company, which headquarter is located in Cyprus. Broker is regulated by the Finance Committee of Cyprus and is licensed by CySEC as well as other European Financial Commissions, including British FCA, German BAFIN, Dutch AFM, Austrian FMA, Spanish CNMV, Italian CONSOB, Czech CNB and other (full list is available here). The company operates on European market and 24option website is available in over 10 languages. The main objective of 24option is to provide favourable conditions for traders, as well as personal approach to each client. Big training centre allows to familiarize with educational videos, various articles, useful books about binary options and many other materials – all for FREE. 24option currently focuses on operation in more than 20 countries all over the world with customer support available in 17 languages, that is some very good figures compared to other brokers. To highlight more, 24option provides services not only in Europe, but for example in Canada, Bahrain, India, China, Japan and other Asian countries. On the UK market 24option has high credibility manifested by professional traders, but broker is not stopping on that and constantly improves their services. You will see that in further 24option review.

Pros of 24option

  • Largest assets variety in the industry
    Pros
  • Early close option
  • High-quality mobile application
  • Hassle free deposit/withdrawal
  • Trading made comfortable thanks to easy trading platform

broker-torgovaja-platforma Trading Platform at 24option

24option trading platform works via standard web browser, so you don’t need to download any software. Convenient window where all trading instruments are presented with the assets graph, of course, does not provide objective data to perform a full technical analysis, but it is worth noting that 24option quotes are not presented without a delay, do not freeze, and consequently correspond to the actual quotes that are presented in a classical MetaTrader. Broker uses one of the best third-party technical solutions currently available in the industry, trading platform by TechFinancials with integrated more professional chart from Advinion. Their ProChart enables to fully analyse the chart as you would do it in any other platform like TradingView or MetaTrader, this includes some of the most popular indicators like Bollinger Bands, Simple Moving Average, Mean Deviation and many others, altogether there more than 25 indicators available through chart wizard. Using the pop-up professional chart, you can also draw any lines, highlight areas and do almost everything you can imagine to help you make the right decision on wherever the price of a selected asset will go up or down. Screenshot of the analytical chart available to all 24option clients:

advinion_24option_chartThe trading platform itself provide traders with the opportunity to trade such binary options as classical “high/low”, “above/below”, “border”, “one-touch” and so-called “turbo options” with expiration period from 60 seconds to 5 minutes. Within Border and One-Touch categories you can also select the High-Yield options, which percentage profit reaches up to 450%! Compared to a usual percentage return of around 88%, high-yield options give traders an opportunity to earn even more, but risk of trading with such options is much higher. Variety of options is definitely a plus for traders working with 24option. Here is the full screenshot of 24option trading platform:

techfinancials_platform

In order to make your first trade you need to select the desired version of an option (high/low, one-touch or border), choose the asset you interested in, specify your forecast, expiration time, and click “BUY”. When the option reaches the expiration time, you get your profit or loss. Under the button “BUY” it clearly states how much you will earn or lose depending on the option outcome. Also, 24 option has one unique distinction – availability of closing your trade earlier (early expiration), similar as in betting, when you can close your bets (Cash-In) earlier. This feature is very popular not only among the beginners, but also among the professionals when something goes not as expected. Early closure option is available on all type of options (except the short-term) 5 minutes after you opened your trade and 5 minutes before the expiration time. What is more interesting is the fact that you can be in profit with such function almost every time. For example, if you bought an option with 1 hour expiration time you can secure some profit after 30 minutes with early closure function, even though after 1 hour you would have lost (all depending on the asset price movement).

Next to the graph you can also see the additional information about other traders’ preferences, whether they think that price will go up or down. 24option trading platform also has economic calendar, which most of us open on some other websites, here broker has allowed to give as much information for a trader as possible, so that you could focus on trading in one place. We have personally tested 24optio for about 3 months and can say that they have really unique trading platform which can be genuinely called ALL-in-ONE. They even have trading alerts, or signals in other word, which will notify the trader about the recommended assets and possible price movement prediction. 24option Signals are fully automated and provided by Faunus Analytics, so that you have to understand that those alerts shouldn’t be considered as 100% signals, because no human is involved in giving those advices. Alerts will also help you to choose the right asset, but all transactions with 24option signals are made at your own risk.

We can’t not mention the functionality of personal account area, where every trader can see the detailed trading history as well as make a deposit/withdrawal.

“24option is best binary options broker licensed by CySec, MiFID and FCA!” – forex-magnates-logo-png

Assets available at 24option

Currencies Indices Commodities Stocks Extra

32

22

11

45

Bitcoin

broker-bonus Opening an account and 24option bonuses

To open an account with 24option you must go through a simple registration procedure same as on any other website. After entering your personal information, you can choose a base currency account from a total of 8 different currencies including GBP, EUR and USD. In order to make a deposit and start using 24option trading platform you will have to verify your account. There are several documents which are accepted by 24option security department, including passport, ID-Card, driving licence to verify your identity and any utility bill or bank statement to confirm your address. Depending on your preferred deposit method you might be asked to send a photo of credit card or screenshot of you logged into your eWallet account. This whole process of account verification is needed for 24option to be compliant with Financial Regulations as part of the KYC procedure. All information is securely stored and is fully confidential, you can be sure that 24option will never give your information to any third-parties. Broker uses a fully encrypted website which is certified by Comodo (one of the biggest online security companies which protects customer transactions and used by such big companies like UPS, Intel and HewlettPackard).

There are several deposit/withdrawal methods which are available at 24option: credit/debit cards, Skrill, Neteller, OKPay, Perfect Money and of course bank transfer. Minimum deposit is $250 ($400 in the UK, New Zealand, South Africa and Singapore) and minimum investment is $24, whereas minimum withdrawal amount depends on your payment method, but there is no minimum withdrawal amount made to Skrill, Neteller and credit cards. According to our personal experience (deposited via Skrill) transactions are processed very quickly and both deposit and withdrawals were immediate, with regards to debit/credit card payments then withdrawals usually take up to 3 days. Please note that very first withdrawal with 24option doesn’t have any commission fees, but starting from the second one you will be charged up to 3.5% per each withdrawal (Golden account have one free withdrawal every month, whereas Platinum and Diamond account holders have every withdrawal is free). Also, there are inactivity fees, which will be applied to your account if you are not using 24option platform for more than 2 months.

24option have several bonuses and promos available for their clients. We are not going to provide you with the certain information as bonuses and promotional offers always change, but you can easily find all information by speaking to one of the managers via chat on 24option.com. There are some groups of bonuses available with 24option which we can share:

  • Cash Bonus (50-100%) – the required volume to be reached in order to obtain your bonus may be up to 50 times the amount of the BONUS credited to your account.
  • Risk-free trades – you can bet 50% of your deposit, if you notify your manager about the opening certain position, then in case you lose you will receive bonus in the amount of your bet.
  • Technology Bonus 1 (iPad) – min. 10,000€ deposit or equivalent, and 50,000€ in trading volume must be reached.
  • Technology Bonus 2 (MacBook) – min. 10,000€ deposit or equivalent, and 100,000€ in trading volume must be reached.

24option also ran some other interesting promotions where $24 or $25 were given completely for FREE if, client downloaded 24option mobile app or quickly verified their personal account. Please refer to 24option official website or your account manager for latest promotion and bonuses available.

In addition, there are 4 different types of accounts available with 24option: standard, gold, platinum and diamond. Different accounts give you different benefits as well as bonuses. For example, if you open a platinum account you will receive up to 4% of your trading volume back as a bonus, and you will have a personal coach who will take the educational lessons with you.

broker-service 24option Service Quality

Technical support at 24option operates at the high level as the rest of the company. You can speak to the customer support via chat and e-mail (info@24option.com) or call them from UK: +44 161 960 0200. All other services are provided with a high quality and pretty quickly: the website works without any delays, unlike other brokers and that’s why 24option is the best broker for turbo-option lovers. From time to time you will receive trading alerts or tips from your account manager, sometimes they are really helpful and helps you to earn some extra money especially if you don’t have enough time to analyse current situation on the market.

Summary about 24option

24option company is the clear leader in the industry right now. Broker has its own unique trading platform, high-quality customer service, and provides a quick and convenient deposit/withdrawal methods. Besides all this, if you are a beginner in binary options, 24option has opened for you a large training center, which will really help you to start trading and make money on the binary options. The minimum deposit is £250 and the minimum price of the option price is £24 – conditions pretty high, but these figures is the average for the market, so there is nothing surprising here. Remember that you can always open a demo account before you start trading with real money.

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