Our 24Option Review we discovered that the broker offers unbeatable binary options trading. The far-reaching span of their service makes every user feel fully comfortable with each phase of the whole process. Our research found that many new investors found the range of choice quite overwhelming and it made them nervous at first.
In our dealings with the 24Options team, we found that they are able to quickly assist any new investors and help speed them through the process so that they are up and ready to trade in no time. Moreover, their platform is impressive with a large range of trading options with deposit and trade amounts that will suit any trader’s wallet. Their mobile trading applications have also been well developed such that the investor is always ready to trade.
High / Low, Touch / No, Boundaries, High Yield Options
Option Expiry Times
30 seconds to End of Month
Android & iOS
24Option Trading Options
24Option really stands out when it comes to their numerous account types. There are 5 account types at 24Option with a minimum deposit requirement of $250. What is important to point out is that the more standard accounts have monthly withdrawal fees (which decreases on a sliding scale). It is only once you select the platinum account and above, you will have no withdrawal fees.
Basic. The basic account is the entry level account. What this entitles the investor to the basic trading instruments, the professional charting functionality as well as 24/7 customer service. This account provides a payout of up to 82%
Silver. The silver account has all the features of the basic account with the added benefit of trading alerts and a personal trading coach
Gold. When you select the gold account, the payout on trades is increased up to a maximum of 84%. You will also receive SMS and email alerts for potential trades.
Platinum. The platinum account is the penultimate choice at 24Option. This offers investors the benefit of all of the above but has a payout ratio that is as much as 86%. They also allow the investor to trade in Forex and CFDs, live training sessions and a research website. Moreover, with the platinum account, the monthly withdrawal fee is waived for all withdrawals.
Diamond. The premium account at 24Option, the diamond membership is for all advanced investors who would like to make the most of their trading platform and perks. It includes everything in the platinum account with the added benefit of being able to customise the trading platform and ask for higher trading limits. It also provides up to an 88% payout on trades. Lastly, you will also be lucky enough to claim tickets to watch Juventus.
Deposits and Withdrawals
The deposit interface of the binary broker is really easy to understand even for new investors to the market. Deposits can also be made quickly and in numerous currencies including USD, GBP, EUR and JPY.
The minimum deposit amount which is offered by 24option is 250GBP, USD, EURO, and about 25,000JPY. They take deposits via a number of payment methods including wire transfer, online processors such as Skrill, WebMoney, Neteller and of course all the major credit cards.
24Option Trading Platform
Where 24Option really excels, it’s in their trading platform. They offer such an extensive range of instruments for an investor to trade with. These include all of the major stocks such as Vodafone, Apple and Google. You can also trade a number of stock indices such as the FTSE 100, DAX-30 and the DJIA. Of course, you can also trade all the major currencies and commodities.
In terms of the types of options that they have, one can trade the usual High / Low, Above / Below, Touch / No etc. Yet, another exciting offering that they have is the boundary options and a slight variant, the high yield boundary option. What this allows the investor to do is to choose a possibly much higher return but with a slimmer boundary. This may be a good option for more experienced traders. Another interesting option that they offer is the option with 30 second expiry. This allows traders who have a technical or fundamental view that requires a closure in 30 seconds.
Their trading platform also offers access to the trading central website for added tools. Added to that the standard professional charting software and you have a large array of resources available to enhance your trading results.
In terms of the platform itself, they use the tech financials technology so one can be certain of the quality and functionality. Their mobile trading platform is also up to a high spec with a really impressive user interface.
We found the excellent customer service at 24Option to be one of the most impressive features. When we tested the 24Option customer service, we were answered almost immediately in live chat (even prior to opening an account). When it comes to multiple language support, 24Option has support representatives in 13 other languages.
In terms of reaching out to the customer support representatives, the live chat feature seems to be the most responsive. It is worth noting though, that not some of the less popular languages may have a longer lead time between a request being sent and receiving a response. 24Option also has a number of international toll-free numbers as well as standard email support 24/7.
over, the vast range of instruments and assets that we trade on the platform made it that much more appealing. For investors who wanted a more hands off trading experience, they could always use the highly reputable Binary Robot software to automatically trade while they were away.
24Option really stood out for us in terms of the support that was offered and the platform functionality. The numerous and comprehensive training materials including the personal coach made us feel that there was no lack of educational resources. Along with this, users could make use of the powerful charting, news streaming and trading alert software on the platform.
When an investor decides to use one the the more advanced account types, benefits such as live training sessions, a research website and higher trading limits allow for higher payouts.
One thing we did notice is that the signup bonus incentives have quite a conditions and an investor should be fully aware of the T&Cs before accepting one of these.
Unfortunately for US and Australian investors, 24Option is not currently available to residents of these countries. Apart from this though, we see the reason that 24Option is one of the most reputable brokers in the industry. We can definitely recommend them.