24Option is possibly the world’s most popular online binary trading destination. Based in Cyprus and launched in 2010, this trading site has a lot to offer to its customers. For instance, 24Option is known for having an incredibly high payout of 95% and holding a CySEC certificate. 24Option has an easy to use and easy to understand platform that can be accessed via mobile devices, plus it provides an excellent education centre for binary trading rookies. Interesting fact about 24Option is that currently the site’s face is Boris Becker; additionally, the operator is an official partner of the football clubs Juventus and Olympique Lyonnais.
Trading Offer
24Option is a leading binary options trading destination that comes with an extremely user-friendly platform and easy to navigate interface. Users at this trading site can expect an investment return percentage from 70% to 89%. The binary options broker offers a good selection of over 100 assets including currencies (GBP/YSD, USD/JPY, EUR/GBP), indices (Nasdaq Composite, CAC, FTSE-100), stocks (Google, BMW, Samsung Electronics) and commodities (gold, silver, oil). The 24Option trading platform offers four basic types of trades and those are high/low, short term, one touch and boundary trades.
Traders at this site can have five different types of accounts – standard, silver, gold, platinum and diamond. Each of them comes with different trading limits and initial deposit requirements. Thus, standard and silver members have a minimum trading amount of $/£/€24, while gold users’ minimum trade amount is $/£/€48. Platinum and diamond traders have a minimum trade limit of $/£/€120 and $/£/€480 respectively. The maximum trading amount can go up to $/£/€100,000 and it also depends on the account type. The initial deposit amount varies as well and thus, depending on the account type, traders will be asked to invest anything from $/£/€250 to more than $/£/€50,000. One benefit that platinum and diamond users get is the possibility to trade forex as well. Thus, for such traders the platforms offers take profit, stop loss and stop-limit orders.
Pip-hunting, scalping, arbitrage and other similar abusive trading techniques are prohibited at 24Option and they result with an instant termination of the trader’s account. Since 24Option is a binary options trading platform, it comes with no leverage and zero spreads. Finally, those that want to test the platform first can open a demo account after they make a deposit and get familiar with how trading works at 24Option.
Spreads, Fees, Margins
One of the first things traders learn about 24Option is that the broker offers no leverage and zero spread. This trading site provides a very flexible trading platform, accepts players from many different countries and offers various trading options. However, there are certain fixed fees that apply to all users at the site that help the operator to provide a fair and safe trading environment for serious traders. Inactive accounts for more than six months have to pay a $/£/€42 fee. Additionally, inactivity of four years or more results with a termination of the users’ 24Option account. When it comes to other fees, there aren’t stated any at the site and thus we have to come to the conclusion that there are no fixed trading and rollover fees. The minimum investment amount that is accepted by this operator is reasonable $/£/€250.
Bonus Information
24Option doesn’t’ have a standard welcome offer that is always available to newly registered users. After a quick chat with a support representative, we found out that the welcome offer can vary depending on the day as well as depending on the investment amount. However, traders can expect to get a welcome bonus between 20% and 100%. The trading volume requirement at 24Option can be up to fifty times the bonus amount, but that also can vary depending on the offer and the initial deposit. Newbies have to have in mind that there are three types of accounts at the site – Standard, Gold and Platinum – and each type of account gets a different welcome offer. Naturally, the bigger your investment is, the better the welcome bonus is. Another important info considering the welcome offer is the minimum deposit amount at the site of $/£/€250; thus, this amount also applies as the minimum deposit amount for the lowest welcome offers too.
In addition to the welcome offer, traders at 24Option are in for some more treats as well. Therefore, two pretty attractive offers at the trading site are the two technology bonuses. The first technology bonus is for those who will deposit at least 10,000 EUR and reach 50,000 EUR in volume. The reward reserved for such users as an iPad. However, if a trader deposits at least 20,000 EUR and reaches 100,000 EUR in volume, then the fantastic bonus is a MacBook. If you are into trading on the go, then 24Option has something in stock for you as well. Every user that will download the mobile app and register for an account is eligible to receive a $24 bonus. Besides these offers, the operator frequently launches various promotions. Finally, 24Option has a VIP scheme made of several levels that provides many benefits to the site’s most loyal traders.
Website
Traders who find website functionality an important aspect of binary options trading won’t be disappointed by 24Option. The operator has developed a highly responsive website that has an excellent design. Navigating through 24Option’s site is fairly easy and within couple of seconds visitors will learn where to find any information they need; this is possible thanks to the smart organisation by the company. These very same things apply for the trading platform itself. It loads extremely quickly and it can be started instantly via any Internet browser. Additionally, traders have the option to download native mobile apps for iOS and Android devices from the Apple’s App Store or Google’s Play Store. Customers at 24Option can easily select their preferred type of binary options trading, open trades or check their trading history since all these actions are well positioned on the platform.
However, not everything at 24Option is about its platform or opening trades. The website is, in fact, a place that offers much more than a trading platform. For example, visitors can check out the blog section that features the latest news about 24Option as well as news connected to trading such as regulations, events and etc. Additionally, the operator has released a trading signals program that keeps users informed about particular price changes. It goes without saying that such a popular binary options trading site offers an economic calendar. This feature is pretty well organised and gives traders an insight in the most important events in the days to come.
Last, but not the least, feature on 24Option’s website is the education centre. This is an excellent tool that allows users to learn more about binary trading and using the platform before they start investing real money. In addition to webinars, guides and e-courses, users also can start a demo account and see for themselves how everything in the binary options trading world works.
Banking and Payment Options
24Option is a binary option trading site that accepts a wide range of different banking methods. Thus, traders can easily and quickly top up their trading account using credit cards (Visa, MasterCard, Maestro, Laser, Discover), electronic payment systems (Skrill, Neteller, Qiwi) and bank transfer. The minimum deposit amount via the first two banking options is $/£/€250, while depositing via wire transfer requires a minimum of $/£/€1,000. Additional limits when it comes to deposits are the daily and monthly limits of $/£/€10,000 and $/£/€40,000 respectively. Most deposit requests are processed instantly.
Unless the withdrawal amount exceeds the deposit amount, all cashout requests are done using the same method used for topping up the trading account in the first place. However, if the cashout amount is larger than the initial deposit, then the money are paid via wire transfer. Regular users get one free withdrawal, while all following requests have the following charges: 3.5% credit card and Neteller, 2% Skrill and $30/£20/€25 wire transfer. 24Option doesn’t have a minimum cashout amount and it needs several days to pay out users’ funds. Before a withdrawal can be processed, traders have to verify their identity by providing official ID with picture, proof of address and copy of credit card.
Additional Details of the Broker/Company
This binary options trading site offers an impeccable customer support service. Users can expect to get professional assistance on any issue they may have 24 hours a day, seven days a week. The recommended support channel is live chat, but customers also can send an e-mail to the support team or call. 24Option offers more than 20 different phone lines for customers located in various corners of the world such as the UK, Japan, Italy, Spain and Germany. Naturally, in addition to the helpful and friendly support team, which is always there to assist, traders have the option to find answers to their questions in the extensive FAQ section.
Being a regulated and certified binary options trading site is one of the things that reassures customers of the operator’s serious intentions. Thus, 24Option is holding a licence issued by the CySec and meets high safety and security standards. This operator works under the regulation of the Cyprus Securities Exchange Commission under licence number 207/13. 24Option places all client money on one or more separate accounts in trustworthy institutions and that money is never used for the course of the company’s business. Thus, it can be said that the operator takes a pretty good care of its customers’ funds.
24Option is a brand owned by Roedler Limited, a company based in Cyprus. The Company is registered in Cyprus and works under the countries regulations, with registration number HE 312820. 24Option is the official partner of two popular football clubs: Italy’s favourite Juventus and France’s Olympique Lyonnais. Currently, the operator is promoted by the ex No. 1 pro tennis player Boris Becker. The dedication of providing top notch quality service earned 24Option several awards during the years. The two most notable ones are “Best Binary Option Broker” for 2014 – one given by EGR and one by Forex Magnates London Summit.
Conclusion/Experiences/Comparison
To sum up, there are lots of reasons why 24Option is considered one of the best binary options trading sites on the market. This trading operator, unlike many others, is regulated, offers opening of a demo account and treats users with various bonuses and promotions. Using the trading platform featured at 24Option is fairly easy, plus the site has an incredibly high payout rate. This binary option trading site offers four different types of trading contracts as well as mobile trading. Therefore, it certainly provides everything both newbies and experience traders need in order to have a pleasant trading experience.