24Option was one of the first companies to offer binary options trading services. The broker was also one of the first companies to become officially licensed and regulated in the European Union. 24Option is today a fully legal binary options broker offering high-quality services.
Check out this full 24Option review in order to find out why to sign up and deposit at this broker. If you are convinced, then please register at 24Option by clicking on the sign up link above. Clicking on this link will tell the broker that you were referred by us and as such are eligible to receive the bonus of 24% of the first deposit.
Platform and Software
In our opinion, 24Option has at this moment the most elegant platform on the market. While most other brokers focus on a white and fancy looking appearance, this broker focuses on an elegant and modern looking interface. The color schemes used are very pleasant to the eyes and don’t contain any annoying flashy distractions at all.
Naturally the software itself also performs great. So far we never experienced any bugs or glitches while using the trading platform and nether did we hear about such things from other online trading experts or our friends who used to contact us for binary options related help in the past.
The platform available at 24Option is also optimized for mobile trading on smartphones and tablets. The online trading experience provided by the broker is pretty much the same, if not better as in the case of the trading experienced by the broker’s PC based platform.
Types of Options Available
24Option is one of the few brokers on the market that offer all the existing binary option types in the business. All kinds of options such as high/low options, one touch options, boundary options and 60 seconds option are provided as well. For this reason, the broker is recommended to both new and old traders as well.
High/low options – These are the simplest types of options available at the broker. They are especially recommended to newcomers because they are easily to predict. They offer somewhat lower payout percentages than some other option types but as said, they are easier to predict.
One touch options and boundary options – These option types are experienced traders’ favorites. Most commonly, these option types are much more complicated than high/low option and are somewhat harder to predict as well. However, they offer much higher payout rates.
Short-term options – Short-term options are very exciting because they have very low expiry times. 24Option offers three types of options of this kind, such as 60 seconds options, 2 minutes options and 5 minutes options.
24Option offers a significant number of assets, much more than most other brokers on the market. The asset index offered by the broker offers a lot of opportunities because it also provided a large number of regional assets that allows traders to work out diverse trading strategies.
Below you’ll find the complete list of assets available:
Forex pairs: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/JPY, EUR/GBP, AUD/USD, USD/CAD, EUR/TKL, USD/SWF, USD/TKL.
Commodities: Gold, Silver, and Oil.
Stocks: Vodafone, Lloyds, British Petroleum PLC (BP), Barclays PLC, Google Inc., Apple Inc., Telefonica SA, France-Telecom, Societe Generale.
Indices: FTSE-100, DAX-30, Dow Jones, Nasdaq Composite, IBEX- 35, CAC 40 Future, S&P 500, Nikkei 225, SMI FUTURE, MIB-40 FUTURE, S&P 500, SX 200 Future, Hang Seng Future.
Payouts and Commissions
The payout rates offered at 24Option depend on the type of the option selected by traders. As we explained, some option types such as one touch options and boundary options offer much better payout rates than high/low options for example.
The average payout rate offered by the broker is around 90% that is much better than the industry average. Most other brokers usually only offer payout rates of around 75% average. Naturally, some options types can offer lower payout rates than 90%, but some others, such as boundary options offer much higher rates.
Traders don’t have to pay any fees or commissions in order to register or to buy a binary options trading contract. Likewise, no money will be charged on winning trades either. Everything traders manage to win is theirs to take.
Minimum and maximum investment requirements
The minimum investment amount that can be placed on a binary options contract is of $24. This is a very competitive rate that was created in order to make 24Option attractive to casual traders as well. Traders can as well place as much as $15,000 on a high low option, but in case of other options, this sum is usually $5,000.
Bonuses and Promotions
24Option frequently launches new bonuses and promotional programs to new and existing traders. The most attractive bonus program offered by the broker is the 24% first deposit bonus. This bonus will add 24% more money into traders’ cashiers if traders deposit at least $250.
24Option is also one of the few brokers that frequently launch various new and exciting promotional programs for already existing traders. Often the broker uses to launch a 50% bonus offer on a deposit placed by traders during a certain period of time. If you register at the broker, then keep your eyes open for periodic bonuses offered.
Deposits and Withdrawals
Traders have the possibility to deposit money at 24Option using various payment tools such as all major credit cards available, Liberty Reserve, MoneyBookers and wire transfer. No money will be charged from traders’ in case of deposits. Traders will have to deposit at least $250 in order to be able to trade.
Withdrawals are possible using the same methods as the ones that were offered during the registration process. Depending on the volume traded, traders may not be required to pay any fees at all in case of requesting a withdrawal. However, most of the time there is a withdrawal fee associated to each depositing tool – this fee is extremely small though.
Customer Support and Contact
24Option has possibly the most professional support staff available in the binary options business. Traders have the possibility to contact the broker though live chat, telephone, and email. The broker provides a total number of 14 phone numbers for countries including the UK, the US, Cyprus, Germany, Canada, Japan and more.
The most efficient way of contacting the support staff of the broker is though live chat. Live chat is as efficient as telephone but it has no costs at all and allows traders the possibility to save conversation for later reference, something that is not possible with phone calls.
Regulation and License
24Option is a fully regulated and legal binary options broker. The company has a European Union online trading license issued by the Cyprus Securities and Exchange Commission (CySEC). The CySEC license and regulation is compatible with European Union trading laws and regulations. For this reason, 24Option is a legal binary options broker in any European country (except where binary options are illegal). 24Options therefore is not just some random broker, it’s a real company that has a real license and is state-approved in the European Union.
As shown in this 24Option review, this broker pretty much offers all kinds of services that exist at this moment in the binary options business. The greatest part about the broker is the fact that it provides all the existing types of binary options that are high/low options, one touch options, boundary options and 60 seconds options.
It’s also possible to buy options contracts involving a very large number of underlying assets. Likewise, the broker provides regular bonuses and promotion to traders. Traders registering through this link will have the possibility to receive even more bonuses than usual. Registering normally by going directly to the broker’s website will only allow the trader to profit from the normal bonuses offered.