24option Broker Review 2016

  • Min. Deposit $250
  • Min. Invest $24
  • Return 88%

24option is a global binary broker, established in 2010. This brokerage company is operated by Rodeler Limited.

When talking about one of the oldest global binary options brokers, 24option is an excellent trading platform traders worldwide can find.

The broker is operating is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) in the form of a Cyprus investment firm (CIF). 24option CySec licence number is 207/13.

Minimum deposit to start trading with 24option is $250, where investment starts from $24 and goes up to $5000. 24option broker accept following currencies: USD, EUR and GBP. This broker is truly global, however, they don’t accept US traders.

Maximum return with 24option is 89%, which is considered as attractive amount for traders interested in binary options trading.

Below in our 24option broker review, find out more about the platform and available trading services.

24option Trading Platform and Features

The trading platform of this broker is an augmented version of a highly popular system MT4. The information regarding binary trading is displayed very conveniently and assures that traders have a trading experience that matches their expertise level.

On this platform, 24option offers traders on global level a possibility to invest in binary options by using different trade options: High/Low and Short Term.

Available time frames for these trade options can be different, such as 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr, 24 hr and up to end of month.

In addition to this, traders can also benefit from monthly competitions and promotions. Ranging from their wide array of underlaing assets, abundant training and educational material, competitive payoff ratios accompanied with their intuitive platform, 24option is rendered to be on the top of the line in every aspect.

On 24option platform, traders can choose among 100 underlying assets. They are divided into currencies, stocks, commodities and indices. Under Asset Index tab, traders can have an easy overview of each underlying asset.

For this 24option broker review, we discovered that this broker implemented very useful features, such as mobile app and demo account.

Mobile trading is an excellent tool for busy traders who are on the go and want to be able to trade from anywhere. Therefore, with 24option mobile app, they can access the platform on tablets and mobile smartphones.

Our 24option broker review showed how this app is connected to Apple and Android devices.

Another powerful service is by far, demo account. Inexperienced traders will be very satisfied to know that on 24option demo, they can practice trading with goal to gain more trading knowledge.

Since 24option demo doesn’t require trading with real money but instead virtual money, it is clear how there is no risk involved.

Through this 24Option broker review, traders can also know that this broker has a vast education center as well where you can find useful information through trading ebooks, training videos, interactive ebooks and eCourses and that too all for free.

Each educational tool has been designed to match the levels of the traders’ ability and focusing upon profitable strategies.

24option

24option Account Types

Our 24option broker review revealed how this broker offers 5 different trading accounts for their registered traders. Below, we will provide more thorough information about each account and its characteristics.

Each account type offers leverage 1:200, as well as spreads divided into three categories (exotics, majors and minors). Mobile version of the trading platform is also included in each 24option trading account.

24option Basic account

  • web-based and MT4 platform
  • one-click trading
  • 24/7 customer support service
  • Trading Central
  • one free withdrawal per month

24option Silver account

  • web-based and MT4 platform
  • one-click trading
  • 24/7 customer support service
  • Trading Central
  • one free withdrawal per month
  • trading alerts in real time
  • Personal Coach

24option Gold account

  • web-based and MT4 platform
  • one-click trading
  • 24/7 customer support service
  • Trading Central
  • one free withdrawal per month
  • trading alerts in real time
  • alert delivery via email and sms
  • Personal Coach

24option Platinum account

  • web-based and MT4 platform
  • one-click trading
  • 24/7 customer support service
  • Trading Central
  • unlimited withdrawals
  • trading alerts + their delivery via email and sms
  • Personal Coach
  • live trading sessions

24option Diamond account

  • option to customized platform
  • web-based and MT4 platform
  • one-click trading
  • 24/7 customer support service
  • Trading Central
  • unlimited withdrawals
  • trading alerts + their delivery via email and sms
  • Personal Coach
  • live trading sessions
  • Juventus tickets
24option

24option Customer Support

To provide traders the best possible services, 24option has prepared a quality department of customer support service, where traders are able to get answers on any relevant topic. This part is very significant for binary traders, regardless if they are pro traders or new ones in binary trading.

Traders worldwide are able to contact 24option via live chat, email info@24option.com and phone for 21 countries. Our 24option review showed how customer support is available 24/7.

We also noticed how platform is multilingual and traders can choose between English, Spanish, German, Russian, Italian, Danish, Swedish, Finnish, Romanian, Japanese Korean, Portugues, Turkish and Indonesian.

24option Banking and Company

The minimum depositing amount is $250 and its equivalent amount can be deposited in other currencies which includes EUR, GBP and USD. For this 24option broker review, we learned how they use high security measurements to ensure safe trading process for registered traders.

Available deposit and withdrawal methods on 24option platform are:

  • Debit and credit cards: Maestro International, MasterCard, Visa, Laser, Carte Bleue, Discover, CartaSi and Dankort.
  • Bank wire transfer
  • E-wallets: Skrill Moneybooker and PaySafe Card

Prior to the processing of the withdrawal request, the broker will require performing some legal documentation process as a part of anti-money laundering policies. These documents include proof of address, copy of ID card and copy of credit card (last 4 digits visible).

Depending on selected trading account, it might take up to 5 working days until funds arrive on traders’ account.

Minimum withdrawal with 24option si $100. Traders should note how selected currency while depositing has to remain the same as for withdrawing.

24option - Review Conclusion

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