24option is the biggest binary options broker. It appeared on the market at the start of binary options era. Since the beginning, 24option provided clients with premium-quality services and professional customer support. Curious if the 24option is the best fit for you? Read 24option review or sign up!
Min. Deposit: $250 Demo: Yes
Platform: TechFin Bonus: 100%
Regulation: CySEC US Clients: No
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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Honest 24option review: About the Company
24option is a binary options broker owned by the Rodeler Limited. This company is located in Cyprus and is authorized and regulated by the CySEC as a CIF (Cyprus Investment Firm). Honest 24option review found out that this broker is the official partner of the Juventus Football Club since 1 August 2014. It is also a sponsor of the Investing.com, one of the most popular portals about trading & investments. 24option is awarded with a number of awards, including Forex Magnates Award for the Best Binary Options Broker in 2013 and 2014.
Additionally, the 24option offers free online learning courses. The registered customers are provided with the access to:
- Webinars about binary options strategies, useful tips & analysis
- eCourse with videos and articles on the binary options trading success
- Trading eBook written specially for the traders who start their career
24option Accounts reviews
Honest 24option review discovered 3 types of accounts offered by the broker: Standard, Gold and Platinum. The accounts are quite solid, what what is great is that a trader at 24option can expect to withdraw profits once a month without any commission.
All of accounts are supplied without any maintenance fees. Every account holder is provided with the professional 24/7 customer service. The accounts at 24option do not have a clear deposit boundary, hence Binary Options Hub recommends you signing up with 24option and then contacting your account manager to find out what accounts could be available to you. Let’s see the main features of the accounts below:
- Standard account
This is the basic account that every trader at the 24option is provided with. The account allows to trade every types of binary options. This account has no additional features or goodies, but you can surely benefit from any 24option promotion with it. The minimum deposit amount for this account type is 250 USD.
- Golden account
Apart from the features of the Standard account, the Gold account traders are provided with additional 2% return on every trade. Also, Gold account holders have a possibility to use a one personal training session with the 24option market expert.
- Platinum account
The main feature of this account is the increased return on every trade – additional 4%. Platinum account holders also get to enjoy an unlimited amount of free withdrawals.
Binary Options Hub of course recommends you to settle for the Platinum account with 24option, as this account provides you with the highest rate of return. If you need a hand negotiating such a deal – let us know!
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
24option Trading Conditions
There are 5 types of options available at the 24option: High/Low, One Touch, Boundary, Short Term and High Yield. Honest review has shown that this broker provides top notch conditions, great payouts and an amazing amount of available time frames. Read honest review of the trading conditions below to find out more!
This trading type requires trader to bet on the price being higher or lower than the price of the trading instrument at the time of execution. The High/Low trade is available in such time frames: 5 minutes, 10 minutes, 15 minutes, 20 minutes, 30 minutes, 1 hour, daily market closure and weekly market closure. This trading type is available at all the instruments provided the 24option. The full list of the instruments can be found in the end of this section of the 24option review.
- Short term
This trading type is similar to High/Low trade. The core difference is the time frame of the trade, which is shortened to: 30 seconds, 60 seconds, 2 minutes and 5 minutes. The instruments available for this type of trade are:
- One Touch
The main goal of this trading type is to predict either price of the trading instrument will achieve given level or won’t. Provided instruments are:
Trading type that requires the prediction of the instrument being in the given range or out of the range after shown period of time. The instruments available for such type of trading are:
- High yield
Such trading type exists on the 4 instruments (EUR/USD, GBP/USD, USD/JPY, OIL) for such trading types as high/low, one touch and boundary and is characterized by the increased yield to the level of the 250%-300%.
There are more trading instruments available at the 24option. Click the link below & see them all.
24option Trading Platform
The 24option is using TechFinancial trading platform. The software is customized to the match 24option brand and also includes some custom features. The platform is intuitive and does not require efforts to adjust. It has an additional window with open trades, history, alerts, market updates, economic calendar and notifications. The ability to expand the chart of the selected instrument into full screen has been found by the 24option fair review to be useful for the traders. Such a feature allows better capabilities for the analysis.
The platform also includes Trader’s choice graph for every instrument, which should ease the process of the decision making. To learn more about SpotOption trading platform read its full review.
24option Deposits and Withdrawals
24option allows deposits via three main methods:
- Credit cards and Skrill
Deposits made via these methods are processed immediately. Minimum deposit requirements: $/€/£250, ¥50,000. Withdrawal fees: credit card 3.5%, Skrill 2%
- Wire Transfer
The minimum deposit are: $/€/£1000, ¥100,000. Average deposit time is 5 working days. The withdrawal fees are: $30, €25, £20, ¥2,500.
Note that every client of 24option is granted a free withdrawal once a month, so the aforementioned fees apply only for your additional withdrawals!
The deposit limitations are set to: Daily: $/€/£10,000, ¥100,000 and Monthly: $/€/£40,000, ¥4,000,000
The 24option accepts such credit cards: Visa, MasterCard, Maestro International, Carte Bleue, Dankort, CartaSi, Laser and Discover. Next to regular credit cards, bank wires and most common internet payments, 24option honest review has show the support of the numerous local payment systems: WebMoney, QIWI, iDEAL, GiroPay to name a few.
24option Customer Support
The 24option support is available via email and live chat. You can get help in English, French, German, Spanish, Italian, Japanese, Turkish, Russian, Danish, Arabic, Indonesian, Korean, Latvian, Portuguese, Romanian, Swedish, Greek and Chinese.
24option can be contacted via email and live chat at: www.24option.com or customer service at a number of local numbers.
This is certainly a great feature of 24option, as it allows you to get in touch with the broker in no time and get premier voice support.
Binary Options Hub has to admit that 24option honest review has shown the largest amount of possible supported languages within the binary trading services.
In addition to this, during the review, Binary Options Hub experts tried contacting the customer service agents with various queries and all of our questions were answered in a timely and professional matter.
If you are a rookie trader, 24option is a great choice, because you can expect top-notch support.
24option Account Application
Signing up with 24option is rather easy, intuitive and fast. Below Binary Options Hub lets you preview how it is done.
- The first thing that you need to do is to go to 24option website and register. To do so, click here and then click on the New User at the right upper corner of your screen.
- The next step is to provide your personal details and account information details. You are able to see the full form below. No extra forms appearing after it.
After filling out the form and signing up with 24option, you will receive a call from your account manager. Binary Options Hub recommends you to actually pick your phone up, as you could get some potential deposit bonus deals and demo account option. You can also be provided with some educational materials.
During the next step, you will need to answer a short questionnaire about your net worth, income and experience. This action is required by the regulator and is needed if you deal with any regulated institution, no matter it is a bank, a broker or a loan company.
After answering the questionnaire you will be able to make your deposit and start your trading career. As simple as that. No email or identity verification required. The whole process takes up to 5 minutes and might take a few more if you actually decide to read the Legal Terms and Conditions.
24option Review Conclusion
24option is a reliable binary options broker with a long history and well-recognised brand name. Review shows that the broker has the great number of instruments and trading types available. The amount of payment options is also a strong point for the 24option. The only missing part is acceptance of the US clients. So, if you need a binary option broker, do not waste your time on some brokers that have no regulations and just sign up at the 24option.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK