24Option binary options broker is one of the largest and popular brokers in the binary options industry, allowing customers to trade binary options, CFD & Forex. They’ve built quite a good reputation for themselves which makes them stand out in the binary options industry.

Basic Information on the broker

  • Owner – Rodeler Ltd, For Non-European traders, the site is owned by Richfield Capital Limited
  • Countries available – All countries except USA and Australia
  • Licensed – Yes
  • Regulator – CYSEC
  • Headquarters – kolonakiou Street, Ayios Athanasios, Limassol, Cyprus
  • Software – Tech Financials
  • Available since – 2010
  • Minimum deposit – $250
  • Minimum investment – $24
  • Maximum investment – $100,000
  • Maximum Returns – 88%
  • Mobile – Available for Android & iOS
  • Demo account – Available
  • Deposit/Withdrawal
    • Credit card – Visa, MasterCard, Discover, Dinner Club, JCB, Carte Bleue, Dankort, Cartasi, Laser
    • Electronic PaymentSkrill, Neteller
    • Wire transfer
  • Contact
    • Email – [email protected]
    • Number – +357 25 262 063 (Cyprus), +44 161 960 0200 (United Kingdom)
  • For other countries, use the contact us page in 24Option for a phone number in your area
  • Assets – Over 200 underlying Assets including currency pairs (EUR/USD, GBP/USD etc.),  indices (Dax-30 future, CAC-40 future, S&P 500 etc.), stocks (Facebook, IBM,  Apple etc.), commodities (gold, silver, oil etc.)

AssetMagnate Rating:

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24Option Broker Overview

Here we would be looking at some detailed information on the 24Option which would give you a better insight on what to expect before using the broker, which includes:

24Option Reputation

24Option has built a good reputation for themselves, as they are proud partners with the well-known football club Juventus. This gives 24Option a reason to be trusted as a big and highly reputable club like Juventus would not partner with a brand that is not genuine.

Also, 24Option didn’t just stop at that, they are also proud partners with the famous Conor McGregor, making their brand more trustworthy and reputable.

Trading platform

24Option uses a third party platform called Techfinancials, which is an Isreali company. The platform is user-friendly and can be easily adapted to which makes it possible for investors to trade easily. Also, investors can trade in preferred languages of their choice which gives investors a better trading experience.

Benefits from trading with the platform:

  • Real-time price quote:

You get the real-time up-to-date quotes which enable trade the market correctly.

  • Technical analysis and tools:

The platform comes with trading tools to guide you and enable get as much information possible before placing a trade which increases your chances of placing the right trades.

Binary options type available on 24Option:

  • High/low option
  • One touch and no touch option
  • Boundary option
  • 60-seconds option

 

Mobile Platform

24Option supports mobile trading. They have a downloadable mobile app for both Android and iOS devices which are available in their respective stores. This is an advantage with using 24Option because, with a mobile platform, you can trade from anywhere you want without having to sit in front of a computer screen.

 

Demo Trading

Not all brokers offer demo trading, most especially scam brokers. 24Option offers investors a free demo trading account with virtual money which gives investors the ability to test strategies without risking their actual investment. This is a plus to the 24Option broker, as it’s essential for investors to test their trading strategies with a demo account other than risking their real capital. Also, it can serve as a tool for beginner to practise and test their trading skills.

Deposit/withdrawal methods:

  • Credit card: Master Card, Visa
  • Electronic payment: SKRILL, NETELLER, Fasapay, Sofort, Webmoney, Qiwi, iDeal, Boleto, Cash U, Giropay

Trade Types

24Option offers 4 main types of trading contracts, which includes;

  • Classic Binaries

    This type of binaries Consists of Above/Below and High/Low Options.

  • One Touch Binaries

    This type of binaries Compromises of Touch/No Touch and High Yield Touch Binaries.

  • Boundary Binaries

    This type of binaries Includes Standard Yield and High Yield Boundary Options.

Account Types

24Option has a different account for different investors, and different services are attached to the account types.

Below are the different account types, and the benefits attached to them.

24Option Expiration Time

When checking for which binary options broker to use, the expiration time is something you should pay attention to.

24Option offers two categories of expiration time, which includes;

Short-Term Expiration Time

The short-term expiration allows you to place trades within a short period of time. It includes;

  • 60 seconds, 2 minutes, 5 minutes, 30 minutes, 60 minutes

Long-Term Expiration Time

The long-term expiration time allows you place trades which last a long period of time. It includes;

  • 5 hours, End-of-day

Customer Care Services

24 Option offers one of the best customer care service in the binary options industry with 17 major languages. You can access the support team through various means ranging from email, live chat and telephone. Additionally, international traders have access to a list of toll-free and localized numbers which they can call to reduce their phone charges.

Is 24Option A Scam?

24Option is not a scam and can be trusted, they have built a good reputation for themselves to the level where they can be trusted not to disappoint their customers.

Pros:

  • Excellent Customer Service
  • Multiple Withdrawal/Deposit Options
  • Over 200 Underlying Assets
  • Regulated by CYSEC
  • Dedicated Customer Support
  • Different Time Frames From 60 seconds, 5mins etc.
  • Good Trading Platform
  • Mobile Trading
  • Attractive Range Of Incentives and Benefits
  • Free signals
  • Reputable Broker In The Industry
  • Large Cash Prizes For Trading Competition

Cons:

  • Not Available in the US
  • Demo Account Requires $250 Deposit Before Access is Granted

Conclusion

In our opinion, 24Option is a standard and reputable binary options broker which has turned out to be one of the best binary options brokers in the binary options industry. In addition, the range of incentives that 24Option offers to traders is certainly the most attractive around in the binary options industry and  After thorough research on the broker, it’s difficult to find any fault with the broker.

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