Review and independent evaluation of 24Option

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24Option Review

24Option was one of the first companies to offer binary options trading services. The broker was also one of the first companies to become officially licensed and regulated in the European Union. 24Option is today a fully legal binary options broker offering high-quality services.

Check out this full 24Option review in order to find out why to sign up and deposit at this broker. If you are convinced, then please register at 24Option by clicking on the sign up link above. Clicking on this link will tell the broker that you were referred by us and as such are eligible to receive the bonus of 24% of the first deposit.

Platform and Software

In our opinion, 24Option has at this moment the most elegant platform on the market. While most other brokers focus on a white and fancy looking appearance, this broker focuses on an elegant and modern looking interface. The color schemes used are very pleasant to the eyes and don’t contain any annoying flashy distractions at all.

Naturally the software itself also performs great. So far we never experienced any bugs or glitches while using the trading platform and nether did we hear about such things from other online trading experts or our friends who used to contact us for binary options related help in the past.

The platform available at 24Option is also optimized for mobile trading on smartphones and tablets. The online trading experience provided by the broker is pretty much the same, if not better as in the case of the trading experienced by the broker’s PC based platform.

Types of Options Available

24Option is one of the few brokers on the market that offer all the existing binary option types in the business. All kinds of options such as high/low options, one touch options, boundary options and 60 seconds option are provided as well. For this reason, the broker is recommended to both new and old traders as well.

High/low options – These are the simplest types of options available at the broker. They are especially recommended to newcomers because they are easily to predict. They offer somewhat lower payout percentages than some other option types but as said, they are easier to predict.

One touch options and boundary options – These option types are experienced traders’ favorites. Most commonly, these option types are much more complicated than high/low option and are somewhat harder to predict as well. However, they offer much higher payout rates.

Short-term options – Short-term options are very exciting because they have very low expiry times. 24Option offers three types of options of this kind, such as 60 seconds options, 2 minutes options and 5 minutes options.

Assets Provided

24Option offers a significant number of assets, much more than most other brokers on the market. The asset index offered by the broker offers a lot of opportunities because it also provided a large number of regional assets that allows traders to work out diverse trading strategies.

Below you’ll find the complete list of assets available:

Forex pairs: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/JPY, EUR/GBP, AUD/USD, USD/CAD, EUR/TKL, USD/SWF, USD/TKL.

Commodities: Gold, Silver, and Oil.

Stocks: Vodafone, Lloyds, British Petroleum PLC (BP), Barclays PLC, Google Inc., Apple Inc., Telefonica SA, France-Telecom, Societe Generale.

Indices: FTSE-100, DAX-30, Dow Jones, Nasdaq Composite, IBEX- 35, CAC 40 Future, S&P 500, Nikkei 225, SMI FUTURE, MIB-40 FUTURE, S&P 500, SX 200 Future, Hang Seng Future.

Payouts and Commissions

The payout rates offered at 24Option depend on the type of the option selected by traders. As we explained, some option types such as one touch options and boundary options offer much better payout rates than high/low options for example.

The average payout rate offered by the broker is around 90% that is much better than the industry average. Most other brokers usually only offer payout rates of around 75% average. Naturally, some options types can offer lower payout rates than 90%, but some others, such as boundary options offer much higher rates.

Traders don’t have to pay any fees or commissions in order to register or to buy a binary options trading contract. Likewise, no money will be charged on winning trades either. Everything traders manage to win is theirs to take.

Minimum and maximum investment requirements

The minimum investment amount that can be placed on a binary options contract is of $24. This is a very competitive rate that was created in order to make 24Option attractive to casual traders as well. Traders can as well place as much as $15,000 on a high low option, but in case of other options, this sum is usually $5,000.

Bonuses and Promotions

24Option frequently launches new bonuses and promotional programs to new and existing traders. The most attractive bonus program offered by the broker is the 24% first deposit bonus. This bonus will add 24% more money into traders’ cashiers if traders deposit at least $250.

24Option is also one of the few brokers that frequently launch various new and exciting promotional programs for already existing traders. Often the broker uses to launch a 50% bonus offer on a deposit placed by traders during a certain period of time. If you register at the broker, then keep your eyes open for periodic bonuses offered.

Deposits and Withdrawals

Traders have the possibility to deposit money at 24Option using various payment tools such as all major credit cards available, Liberty Reserve, MoneyBookers and wire transfer. No money will be charged from traders’ in case of deposits. Traders will have to deposit at least $250 in order to be able to trade.

Withdrawals are possible using the same methods as the ones that were offered during the registration process. Depending on the volume traded, traders may not be required to pay any fees at all in case of requesting a withdrawal. However, most of the time there is a withdrawal fee associated to each depositing tool – this fee is extremely small though.

Customer Support and Contact

24Option has possibly the most professional support staff available in the binary options business. Traders have the possibility to contact the broker though live chat, telephone, and email. The broker provides a total number of 14 phone numbers for countries including the UK, the US, Cyprus, Germany, Canada, Japan and more.

The most efficient way of contacting the support staff of the broker is though live chat. Live chat is as efficient as telephone but it has no costs at all and allows traders the possibility to save conversation for later reference, something that is not possible with phone calls.

Regulation and License

24Option is a fully regulated and legal binary options broker. The company has a European Union online trading license issued by the Cyprus Securities and Exchange Commission (CySEC). The CySEC license and regulation is compatible with European Union trading laws and regulations. For this reason, 24Option is a legal binary options broker in any European country (except where binary options are illegal). 24Options therefore is not just some random broker, it’s a real company that has a real license and is state-approved in the European Union.

Overall Impression

As shown in this 24Option review, this broker pretty much offers all kinds of services that exist at this moment in the binary options business. The greatest part about the broker is the fact that it provides all the existing types of binary options that are high/low options, one touch options, boundary options and 60 seconds options.

It’s also possible to buy options contracts involving a very large number of underlying assets. Likewise, the broker provides regular bonuses and promotion to traders. Traders registering through this link will have the possibility to receive even more bonuses than usual. Registering normally by going directly to the broker’s website will only allow the trader to profit from the normal bonuses offered.

24Option Review

Professionalism and experience

The cryptocurrency market is a beast. I am just putting that out there just so you know what we are dealing with. And, because it is such a struggle to find your way within the jungle that this trading niche is, having a powerful ally on your side is the essence of success.

Yes, you need a top broker if you want to make your way through the trading industry, especially in the field of cryptocurrency. And, since finding a solid, worthy broker is anything but easy, I’ve done the homework for you.

Meet 24Option, one of the stronger crypto brokers around. Sure, its reputation is as solid as it gets. But this is not everything that matters. When analyzing a broker’s profile, there are several aspects that need to be taken into account.

And, as you may have already guessed it, I have put 24Option to the test. The full test. This is what I came up with.

How many assets?

The number of assets is one key aspect of defining a broker’s profile. The more there are, the greater the opportunities you will be getting as a trader. And, in this regard, 24Option has plenty to of options to account for.

The assets are in the hundreds, generally speaking, with a large chunk being represented by cryptocurrencies. And by “large chunk” we mean one of the largest cryptos pool I have ever seen. One of the largest.

How many accounts?

Just as with assets, the number of accounts being offered is substantial to say the least. For the most part, the majority of brokers will only have 1 or 2 types of accounts. 24Option has 5.

1. The Basic account – Not much to say about it, just the regular stuff, like access to most of 24Option’s features, spreads starting from 3 pips (which, in all fairness, is a bit high) and access to the educational section, everything for a $100 minimum deposit.

2. The Silver account – This one has basically the same specifications as the Basic one, with the exception being that you get a personal financial advisor to assist you. As a plus, you also get trading alerts on top of that.

3. The Gold account – One of the main difference here, compared to the Silver account, is the fact that the spreads start from 2 pips, instead of 3. A significant improvement if you look at the number of trades you will be committing to.

4. The Platinum account – A much needed upgrade to the Gold option. The Platinum account comes with even lower spreads of 1.5 pips, which works great for both forex pairs and cryptocurrencies. Beside that you get no withdrawal commissions, access to a live training session and much more.

5. The Diamond account – The Diamond account comes with a personalized trading platform, which is its key feature. Several other benefits are put in place, including professional support and access to live charts and extensive educational sectors.
Just to make it clear, I am not saying that multiple account options are crucial when compiling the pros and cons of one given broker. But it is definitely a plus worthy of mentioning.

Regulations in place

24Option is located in Limassol, Cyprus, which means it falls under the jurisdiction of CySEC to begin with. Unregulated brokers don’t make for good and trustworthy companions, which is why I would never even dare to promote one.

With such a powerful regulatory agency watching your back, you know 24Option is as trustworthy as they come.

Types of platforms

We are not only interested in the number of platforms, but also in their versatility and optimization. With that in mind, 24Option offers:

MetaTrader4

As one of the most advanced trading platforms available, the MetaTrader4 definitely does its job flawlessly. It comes with the regular features like technical analysis tools, in-built trading indicators, live charts, as well as some trademark tools like the Compiler, the Strategy Tester or the MetaEditor.

Web Client

This is the 24Option trademark platform that functions strictly web based. Not as exhaustive as the MetaTrader4, but it does its job in a pretty definitive manner.

24Option Application

The app is extremely effective in keeping you posted on the latest news regarding your trading activity, which comes quite in handy of you ask me.

Deposits and withdrawals options

Here we have, I think, one of the most extensive and satisfying sections I have come across. You know how some brokers have only a handful of withdrawal and deposits options? Well, 24Options goes beyond that a bit:

  • Skrill
  • Neteller
  • Credit Card
  • Discover
  • Moneta
  • Postepay
  • Giropay
  • Wire Transfer
  • Thawte
  • Qiwi
  • Astropay
  • Delta
  • Neosurf
  • Sofort
  • Cash

Conclusion

I like 24Option. I really do. But, just so you have an overall idea of the broker’s profile, here are the pros and cons you might be interested in:

  • Multiple account options
  • A lot of withdrawal and deposits alternatives
  • Strong, reliable trading platforms
  • Plenty of assets to play with
  • Extensive educational section
  • Close to impeccable reputation
  • Higher than usual spreads

Is 24Option worthy of choosing? Absolutely. As far as I can see, this one is worth an 8.8 from me. Could use some improvement, but overall is a solid option. Pun intended.

24Option Review

Review

24option is a market-making spot Forex and CFD broker located in Limassol, Cyprus and regulated by CySec. 24option opened its doors to traders in 2020 and for several years was in the forefront of binary options trading. They decided in 2020 to expand by moving away from binary options, and now offer trading in spot Forex and CFDs only. The CFDs on offer cover a wide range, from popular individual international stocks to commodities such as metals, energies and softs, as well as equity indices. They also offer a good, wide selection of Forex currency pairs.

Accounts

There are five different account types to choose from at 24option: Basic, Silver, Gold, Platinum, and Diamond. The Basic account requires a minimum deposit of $100 and allows trading with floating spreads from 3 pips on EUR/USD. Other account types require increasingly higher minimum deposits, as you move up the ladder of the better terms which are offered. The Standard account is the same deal as the Basic Account, but also offers trading alerts and a personal coach. The Gold account is the same deal as the Silver account, except spreads are offered from 2 pips on EUR/USD. The Platinum account has several edges over the Gold account: lower spreads (as low as 1.5 pips on the EUR/USD currency pair), no withdrawal fees, access to the research website, and a live training session. Finally, the deluxe Diamond account, in addition to the full offering of the Gold account, offers clients free tickets to a top European football team and a customized trading platform.

The different accounts are easy to understand and are transparent. The major differentials between accounts are varying average spreads.

A demo account is available, as is typical with nearly all spot Forex and CFD brokers.

A wide range of over 50 Forex currency pairs, 89 individual leading global shares from American and European stock markets, over 11 leading equity market indices, spot metals (gold and silver) plus several other commodities such as crude oil and a few softs such as coffee and sugar, and one of the widest range of cryptocurrencies that we have seen, are offered for trading by 24option.

Features

A wide choice of tradeable instruments is offered, as well as a choice of two trading platforms: the perennially popular MetaTrader 4 or the broker’s proprietary web-based platform.

Education

24option provide a range of educational material. They host live trading webinars, offer free “learn how to trade” eBooks, as well as a free detailed daily market report. There are a range of recorded webinars designed specifically to help trading beginners, which can be viewed at leisure. There are additional levels of webinars aimed at providing detailed trading strategies and ideas suitable for intermediate and advanced level traders.

Bonuses and Promotions

Although the offering of bonuses and promotions has been restricted for brokers based in Cyprus by CySec regulation, there are currently two legacy promotions which are offered by 24option. Anyone signing up as a new client and downloading the mobile app received a one-off tradeable bonus of $24. Additionally, discretionary cash bonuses may be paid from time to time to particularly active or otherwise valuable clients.

Deposits/Withdrawals

Depositing funds into a 24option account is an easy and secure process. Deposits may be made using a range of methods, including credit cards, bank wire transfer, and Skrill. Withdrawals can be made to credit cards, or by wire transfer.

Customer Support

Customer support is based in Cyprus. Clients can contact a 24option representative by telephone during business hours, and can use email anytime of the day. There is also a direct chat service available through their website.

Conclusion

24option have transitioned away from binary options into an offering for traders looking for the ability to trade a very wide selection of assets, including stocks, cryptocurrencies, metals, stock indices, and commodities.

Features

In terms of features, the stand-out strengths of this broker’s offerings are:

  • A wide range of instruments available for trading: all the major and minor Forex currency pairs, as well as several exotics; also, a good range of global equity indices, plus several commodities, and an extremely wide selection of stocks and shares offered on leading global equity markets. There is also an especially wide selection of cryptocurrencies offered.
  • An option to trade with the most popular trading platform in the industry, MetaTrader 4
  • Regulated by a major industry center (Cyprus).
  • An extensive provision of free educational materials and daily market analysis and commentary across all markets.

Company Information

  • Broker’s Name : 24Option
  • Headquarter : Cyprus
  • Regulation : CySEC

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Gain : 89%
  • Minimum Position : $24
  • Account 1 : Basic
  • Account 2 : Silver
  • Account 3 : Gold
  • Account 4 : Platinum
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Mac
  • Windows
  • Linux
  • Mobile
  • Web
  • iPhone
  • iPad
  • Trading Signals :
  • Charting Package :
  • Automated Trading :
  • Market Analysis :
  • Chart Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
    • Spanish
    • Arabic
    • Russian
  • Support Hours : 9/5
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Platforms

    MetaTrader4

    The MetaTrader 4 is an independent trading platform, developed for trading FX, commodities and other products and is one of the most advanced and easy platforms to use. It remains the gold standard of trading platforms.

    In addition to the wide range of markets available to trade, the MT4 platform provides traders with a multilingual interface, instant execution, built in help guides for MT4 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and time periods and more.

    Automated trading is also offered through the MetaTrader 4 platform where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester and Compiler tools within the MT4 platform.

    With this automated trading system clients may create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.

    MetaTrader Mobile

    The MetaTrader 4 and platform apps can be used on iPhones, iPads, Multi-Terminal, and all Android devices.

    Web Client Platform

    24option offer as an alternative to MetaTrader 4 their own proprietary web client platform. It is entirely web based. Although such platforms can be prone to glitches and freezing, we find it seems to work very smoothly. It is intuitive and easy to use, yet there is no doubt it has less features than MetaTrader 4, so many traders will prefer that option.

    24option App

    Every second counts! The app can ensure you never get caught short (pun intended) when the market starts moving at an awkward time, as it so often does. Using the 24option app, you can enjoy the full functionality of 24option’s offering at any time, in any place you are with a smartphone.

    General Information

    Company Information

    • Broker’s Name : 24Option
    • Headquarter : Cyprus
    • Regulation : CySEC

    Account Information

    • Type of Broker : Market Maker
    • U.S. Clients Allowed :
    • Minimum Deposit : $100
    • Maximum Leverage : 1:200
    • Account 1 : Basic
    • Account 2 : Silver
    • Account 3 : Gold
    • Account 4 : Platinum
    • Demo Account :
    • Islamic Account :
    • Segregated Account :
    • Managed Accounts :
    • Institutional Accounts :
    • Deposit Options :
    • Withdrawal Options :

    Instruments Traded

    • ETFs :
    • CFDs :
    • Commodities :
    • Metals :
    • Stocks :
    • Oil :
    • Gold :
    • Binary Options :
    • Indices :

    Trading Platforms

    • Type of Platform : MetaTrader 4
      • English
      • Spanish
      • Arabic
      • Italian
      • French
      • Turkish
      • German
      • Japanese
      • Chinese
      • Russian
      • Portuguese
      • Dutch
      • Greek
      • Malay
      • Thai
      • Bahasa
      • Swedish
      • Polish
      • Hungarian
      • Other
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
    • Spanish
    • Arabic
    • Russian
  • Support Hours : 9/5
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Pros and Cons

    • Wide Range of Assets
    • Cryptocurrencies
    • High Spreads
    • Insufficient Info About Account Types

    24option Crypto

    There are many Forex brokers that offer cryptocurrency trading, but few are as comprehensive as the 24option crypto currency offerings. 24option prides itself on its wide asset offerings, and its cryptocurrency offerings are no different. The brokerage offers CFD trading for the five top cryptocurrencies, including bitcoin, bitcoin cash, litecoin and Ethereum.

    24option offers traders educational resources for trading CFDs and the strategies are valid for trading cryptocurrency CFDs as well as others. Among the recommendations the broker makes is to focus on a limited number of markets so as to sharpen your trading strategy and make sure it’s both profitable and relevant to the CFD (or, in this case, the cryptocurrency CFD) you wish to trade. Practice your trading strategy consistently on the same assets, and hopefully you’ll see the desired results.

    Another suggestion made by 24option which is relevant both to bitcoin trading and trading of other digital currencies is to create a solid trading plan before getting started. Though many cryptocurrency traders are eager to jump on the bandwagon without an actual trading plan because they ‘have a feeling’ that the market is going to go up or down, or are sharing in the crypto craze that is taking the world by storm. However, this type of overzealous action can be extremely dangerous, especially as cryptocurrencies tend to fluctuate wildly, even without specific market triggers. Taking time to make a strategy-based trading plan will ensure that you don’t trade emotionally, but make intelligent, thoughtful decisions that will bring long-term profits.

    The minimum deposit for 24option bitcoin trading is $250, and the minimum withdrawal amount is $10. Deposits can be made in USD, GBP, JPY, EUR and RUB. Your trading currency cannot be change once it is set, so choose your deposit currency carefully. Some traders have noted that only one withdrawal can be made per month with 24option (bitcoin trading and regular trading), so consider this limitation when making your withdrawal. However, we don’t see this as a serious drawback, as 24option is a regulated brokerage that offers reliable cryptocurrency trading.

    User Reviews

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    Best Binary Options Brokers 2020:
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    • BINOMO
      BINOMO

      2nd place in the ranking!

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