24Option Binary Broker Review

It is not a news that 24Option is one of the biggest names and also the largest broker today in the Binary Options Trading industry. Over the years, this company has gradually revolutionized and has unarguably, become synonymous with the trade market as it has continued to maintain its position at the forefront providing excellent services to its customers.

24Option

Background/ Regulation

24Option has been in existence since the birth of Binary Option Trading system. It is a Cyprus Investment Firm owned by Rodeler Limited , authorized and regulated by the Cyprus Securities and Exchange commission (CySEC) with the license number 207/13. It was officially launched in 2010.24Option Platform

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Note: Automated trading with 24Option using OptionRobot.com (Read Review)

24Option Platform Review

A good trading platform is essential for every day trader. It is more like an arena where you are provided with the basic information on your account and trades and you can place your trades, monitor them and take entire control of your account.

We have seen cases where scam brokers try to manipulate their trading platforms, creating unreal information with the aim of making traders predict wrongly and lose their trades. We are glad to inform you that 24Option is nothing like that. This company has built a reputable system that is most reliable and adopts updated technologies which provide accurate information and representations of the live market. We have carried out several studies on this so we can therefore assure you that there is nothing to be afraid of.

The platform is a much secured environment and also is users friendly and easy to use. 24option has software which can be downloaded for free and is compatible with both Android and iOS. They are just as effective as the desktop version; making it easy for you to carry out your trades at any time you feel is convenient to you.

24 Option Demo Account

24Option demo account is an additional account and just as the name implies, it is an unreal account unlike the rest. However it operates also operates in real time and has the features of the real account; the difference being that the profits generated cannot be withdrawn. In using a demo account, you are given $40,000 which you can use to carry out the normal trading without necessarily depositing any money. The idea behind this is to give you an opportunity to practice and develop your trading skills, try out different strategies and gain confidence in trading without being worried about losses. It is very essential to use this account before starting a real account especially for beginnings who know very little about Binary Options as there are no risk of losing your money while you get to build yourself in the business and have access to the trading stools and learning center. Although In order to continue using this account, you have to maintain the available amount above $0 because once it is exhausted, it would not be replenished. Whenever you feel you have gained enough confidence to manage a real account, you can always deposit your money and switch over to start making profits.

Learning Support.

24Option has put together a comprehensive learning center which comprises tutorials videos, eBooks, and eCourses to enable customers gain some understanding on the system of the trade and on the available strategies so as to make successful predictions.

Types of trade options

24Option provides several trading options which differ in terms of payout, expiry time and in available assets to choose from. Thy have their specific features and you can always decide on which trading option type you would like to use at any time. They are:

The classic high/low Binary Options – this is the regular call/put where you get to predict if the prices are going upwards or downward s relative to the current time over a specified period of time. Although you have access to virtually all assets available, the payout is usually smaller when compared with other types.

One Touch/No Touch Options – here, trades placed depend on whether the asset will touch or go above or below the proposed price at least once over a given period of time.

60 Seconds – This is a very fast trade and is also called Turbo option. It gives higher payout however, there are risks involved due to the very short duration.

Boundary options – this consists of ceiling which is an upper value and a floor which is a lower value. Here trades are place based on whether the price would revolve within a certain boundary or outside it over a given period.

Amount Per Trade – may trade with a minimum amount of $24.

24Option Expiry time

This is very important in trading as even a second can mark the difference between winning and losing. With this platform, you are in charge choosing the time duration of your trades. They offer;

Short term expiries – These are trades that last for short periods and are an opportunity to get faster profits, but you have to be very careful as you may also quickly lose your money too. They are:
2 minutes
5minutes
30 minutes
1 hour

Long term expiries – These last for longer periods up to end of the day, but it does not allow end of the week trading.

24Option Assets

24Option was one of the pioneers of this business and as a result it has an advantage over most other platforms of having more available assets. 24Option uses over a hundred and twenty assets which cover Forex, Commodities, Indices and Equities. There are various currency pairs to choose from and also they work with so many reputable companies unlike other platforms which is admirable considering the long processes that are required to gain partnership with such companies. Some of the big names are BMW, Google, Samsung, Apple Petro China and many others.
They equally offer varying commodities to choose from including Crude oil, Coffee, Cupper, Gold, Silver and Platinum.

Accounts Section

There several types of accounts at your disposal while trading with 24Option broker depending on the amount of money you are willing to invest with and the pay-out. They are:

Basic Account
Silver Account
Gold Account
Platinum Account
Diamond Account

These account types offer varying degrees of special features based on the grade and have different requirements for minimum initial deposits. The basic account being the lowest grade requires $250 as the minimum initial deposits whereas the Diamond Account which has the highest grade requires a minimum of initial deposit of $15,000 or more but comes with more advanced features.

 

24Option Banking24Option Banking

Deposits

There are various secured and fast options to choose from when you want to deposit money into your 24Option binary option account these include;
All major Credit cards: Visa, MasterCard, Maestro International, Dankort, Discover, Carte Bleue and CartaSi.
Electronic deposits from Moneybookers.
Wire Transfers.

Withdrawal
A request has to be made before withdrawal which will then be processed within 1-3 working days and would require legal documentations so as to avoid fraud and also in line with the regulations. Customers are allowed to make one free withdrawal per month.
Payout ratio
24 options offers very high payout ratio of up to 89% depending on the assets and the trade type.

Customers Services

They have a 24/7 customer service and has been regarded by many as the best service in the industry. They can be reached via calls, live chats Skype and emails and they also offer various languages.

Pros
Users friendly platform
Regulated broker
Demo accounts
Handy educational tools
Variety of assets to choose from

Cons

24Option is NOT available to USA /Australia traders.

Conclusion

In conclusion, we would highly recommend 24Option to you. it is a legit and an easy platform which you can take advantage of in making your high profits plus they have an easily accessible customer care service you can reach out to incase you encounter any problem along the line.. We wish you the best in your trading.

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Summary
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24Option Broker
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