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24Option Review

24Option
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Overview

Introduction Binary Options are growing in popularity across the world and 24Option is leading in this campaign. 24Option is a binary options brand owned and operated by Rodeler Limited. The […]

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Full Review Details

Broker 24Option
Website URL NEW https://www.24option.com/
Founded 2010
Headquarters 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103, in Cyprus
Support Number Cyprus +357 25 262025
Support Types Telephone, Email, Live Support
Languages English, Spanish, French, German, Italian, Danish, Swedish, Russian, Letvian, Japanese, Arabic, Romainian, Korean, Finnish, Indonesian, Turkish, Portuguese, Greek, Chinese
Trading Platform TechFinancials
Minimum 1st Deposit $250
Minimum Account Size $250
Bonus 100% Bonus
Payout up to 88%
Free Demo Account No
Regulated Yes
Regulation Regulated by CySEC
Fees Yes
Fee Info On Withdrawals depending on account type Skrill 2%, Credit /Paypal 3.5%
Account Types Basic, Silver, Gold, Platinum, Diamond
Deposit Methods Bank wire transfer, Credit/Debit Card, Electronic Payments
Withdrawal Methods Bank Wire, Credit/debit card, MoneyBookers, PayPal
Number of Assets 100+
Expiry Times 60s, 2m, 5m, 30m, 1h, 2h, End of Day, End of Month
Types of Assets Currencies, Commodities, Indices, Stocks
Option Types High/Low, One Touch, Boundary, 60 Seconds
Account Currency EUR, GBP, USD, RUB, JPY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 90

Screenshots

Screenshot 1 Screenshot 2

Pros

  • High Payouts
  • Dedicated Support
  • Sleek Platform
  • Quality Trading Material
  • Multiple Languages
  • Withdraw via PayPal/Skrill

Cons

  • Fees On Withdrawals for Some Account Types

Full Review

Introduction

Binary Options are growing in popularity across the world and 24Option is leading in this campaign. 24Option is a binary options brand owned and operated by Rodeler Limited.

The company was founded in 2010 and its headquarters are located at 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103, in Cyprus.

The company is registered in Cyprus under registration number (HE312820), and is authorized and regulated by Cyprus Securities and Exchange Commission under license number 207/13.

Bonuses and Offers

The company does occasionally offer bonuses and promotions that traders can participate to win raffle tickets.

For instance Juventus Promotion is currently ongoing with traders required to deposit an additional $500 to their account in order to participate.

Winners are given a ticket to watch one live Juventus match in the stadium.

There is also the “Life’s Different with Money” promotion which offers both new and existing traders three ways of participating.

Option one (sports package-watch matches) and two (high-tech Package-win gadgets) require traders to deposit EUR 50,000 and EUR 10,000 respectively, and is open to both new and existing clients, while option three (Money package-win EUR5,000) requires traders to reach EUR250,000 worth of trading volume during the promotion.

Trade types

  • High/Low: These are the classical Call/Put options and net 65%-80% in payout
  • One Touch: Here traders predict whether the price of the underlying security will reach a certain level as provided by the broker. For instance, predicting whether GBP/USD will reach 1.58 or 1.50 in the coming week, which requires the price to reach the specified level at least once during the week for traders to turn in profits. One Touch options have very high payouts up to 500%.
  • Boundary: These have a payout beginning from 380% up to 500%. This type of options is also known as range trading or tunnel bets. Here traders identify two price levels that they feel the option will expire within. For profits, the option must expire at a between the two levels.
  • Sixty Seconds: These are the speed/short-term options giving traders an opportunity to turn profits within the minute. Technically they are Call/Put options but with extremely short maturity periods.

Asset Index

  • Currencies: GBP/USD, EUR/JPY, GBP/JPY, USD/JPY, EUR/GBP, AUD/USD, USD/CAD, EUR/TRY, USD/CHF, USD/TRY, NZD/USD, AUD/NZD, AUD/JPY, CAD/JPY, CHF/JPY, EUR/CAD, GBP/CAD, AUD/CHF, GBP/CHF, CAD/CHF, NZD/CHF, EUR/AUD, GBP/AUD, EUR/ZAR, USD/ZAR, USD/RUB, USD/MXN, EUR/NOK, USD/NOK, AUD/CAD
  • Commodities: Gold (XAU), Silver (XAG), Copper, Platinum XPT, Oil, Corn, Coffee, Sugar, XAU/JPY, XAU/EUR, XAU/XAG
  • Indices : FTSE 100, DAX 30, Dow Jones, NASDAQ Composite, IBEX 35, CAC, S&P 500, Nikkei 225, SMI Future, MIB 40 Future, NIFTY, ASX 200 Future, Hang Seng Future, Bombay 30, Tadawul, KOSPI 200, MICEX, South Africa 40 Future, Tel Aviv 25
  • Stocks: Vodafone, PetroChina, BP Plc, BMW, Barclays, Deutsche Lufthansa, Samsung Electronics, Google, Apple, ANZ, Royal Dutch Shell, France Telcom, BHP Billiton, Societe Generale, BBVA, Gazprom, Amazon, Nike, Rio Tinto, Citigroup, E.ON, Baidu, Amex, Westpac Banking Corp, Facebook, Coca Cola, JPMorgan Chase, Microsoft, IBM, Exxon Mobil, McDonald’s, BNP Paribas, FIAT, AXA, Sony, Sumitomo, Tesco, ICICI, TATA Motors Ltd, Disney, Beiersdorf, Thyssenkrupp, Rosneft

Trading Tools

24Option’s TechFinancials trading platform is innovative software that allows traders to trade binary options.

The platform has several trading materials that traders can refer to when selecting trades including the an overview of the upcoming events and assets that are likely to be affected (Binary Options Daily), a daily global market report analyzing various assets from across the world and offering possible direction going forward.

Additionally, there is also a binary options review and guide for traders to fall back to just in case they need any clarifications on anything that could affect their trading decisions.

The company has also written an eBook that binary option traders can download free from the platform website and expand their understanding of binary options.

24Option has also developed a glossary of terms that binary option traders can refer to whenever they need explanation on some binary options terminologies.

There are video tutorials also that can be used as an effective guiding material in binary options trading, including lessons in technical analysis as well as platform usage/navigation.

The company has also launched apps for iOS and Android devices, which can be downloaded from the APP Store and Google Play respectively, thereby enabling trading on the go.

Deposits and Withdrawals

Deposits

At 24Option, traders can deposit funds to their account via three methods: Credit/Debit card (Visa and MasterCard only), bank wire transfer or electronic payment (Skrill/MoneyBookers, CashU, Neteller etc).

Traders can deposit funds in GBP, USD, EUR, JPY or RUB. The minimum deposit for each of the five currencies is GBP250, USD 250, EUR250, JPY50,000 and RUB15,000.

For wire transfer, the minimum deposit is GBP1,000, USD1,000, EUR1,000, JPY 100,000 and RUB 15,000. The daily deposit limit for JPY accounts is 100,000 while for GBP/EUR/USD is 10,000. The monthly limit is 4,000,000 and 40,000 respectively.

Withdrawals

Generally, traders can withdraw money via either bank wire transfer, Skrill/MoneyBookers, PayPal or credit/debit card. The minimum withdrawal via Skrill, PayPal, or credit/debit card is $10.

Depending on the type of account, some withdrawals do attract significant fees.

For REGULAR accounts, the first withdrawal is free while GOLD accounts attract one free withdrawal per month. For platinum account holders, all withdrawals are free.

Now again depending on the method of withdrawal used and subject to the above condition, Credit/Debit card withdrawals attract 3.5% fees, same as PayPal while Skrill/MoneyBookers attracts 2% fees.

The minimum withdrawal amount is USD100, EUR100, GBP100, JPY10,000 and CNY611. Generally, traders are asked to enquire from their account manager in case of a different currency.

Support

24Option clients can seek assistance by contacting support via Telephone, email and Live Chat.

Live Chat: Live Support 24/7

Email: [email protected]

Telephone: +357 25 262025. There are also several telephone contacts representing the company’s vast presence across the world via satellite offices.

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RISK WARNING: The past or recent trading performance of any stock, security, commodity or derivative is not necessarily indicative of future profits/losses. We do not and can not guarantee that use of our Services will generate you profits. We do not and can not take responsibility for any losses to your accounts. You must trade and take sole responsibility to evaluate all information provided by this website and use it at your own risk. All trading information we provide is intended as trade assistance only.

Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. You should also read our learning materials and risk warnings.

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