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24option Review

Binary options trading is a great new and exciting way to trade over the internet. With so many brokers it can be a little overwhelming as who to choose, especially if you are a novice. It all depends on their trading platform, trading underlying assets, minimum account size, deposits, payouts and of course customer service. After reading the glowing comments that traders posted on 24option, I decided to open an account with them to see if I could achieve the same results and to find out if they were honest and not a scam. The following is my review, read on!


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97
Parameters We Checked
Our Score
Minimum Deposit: $250
80
Payout Rate: Up To 88%
90
Withdrawals: Up To 5 Days
80
Demo Account: Yes
5
Accepts USA traders: No
0
Regulated: Yes
10
Editor's Impression
11
Our Total Score ((( 80 + 90 + 80) / 3 ) X 85% ) + 5 + 0 + 10 + (11) =
97
Other Parameters
Special Payout:

Special weekend Payout: up to 360% but carries higher level of risk

Tradable assets:

Currencies, Stocks, Commodities and Indices

Minimum Trade size:

$24

Trading Currencies:

All major currencies

Deposit Methods:

Credit Cards, Bank Transfer or Digital Payments

Broker WebSite www.24option.com

Hot
Not

Regulated
Demo account
Good customer support
Good training
Wide range of payment options
Good variety of assets
                                                          

No USA traders
                                                          

 

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Trading binary options involves substantial risk and may lead to loss of all invested capital

 

About

24option has been in business for a couple of years now they were founded in 2009 and their headquarters are located in Cyprus. They have grown from strength to strength and are able to offer traders a high quality trading service.

They offer a very good range of underlying assets including the most popular commodities and currencies like the EUR/USD, USD/JPY, EUR/GBP together other some Asian stocks and indices. They also have one of the best trading platforms on offer from TechFinancials.

 

Accounts

24Option offer different account types for different traders: Basic, Silver, Gold, Platinum and Diamond. Depending on the account type, features may include no monthly withdrawal fee, 24/7 client assistance, professional charts, trading alerts, access to the Trading Central, SMS and email alerts, personal coaching, live trading with a senior account manager, free Juventus Tickets (Terms and conditions apply), customize platform and higher trading limits and exposure.

Deposit and Withdrawal Methods

24option accepts all major currencies in US dollar, British Pound, Japanese Yen or Euro via Visa, MasterCard, Carte Bleue, Dankort, CartaSi, Laser and Discover. Electronic payment: MoneyBookers. Withdrawal took 3 to 5 business day for processing, VIP account requires only 1 day!

 

24option deposit

Trading binary options involves substantial risk and may lead to loss of all invested capital

 

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Bonuses
24option offers up to 100% bonus on your first deposit. That means if you deposit $1,000 then you’ll get a bonus of $1,000! (Bonus terms and conditions apply)

Payment Rate
Pay-out is up to 88% per successful trade. However if your prediction is wrong, you will lose all of your invested capital.

Minimum Deposit
A minimum deposit of $250 is required to start trading.

Demo Account
24option offers traders a demo account on registration, provided that they have satisfied the minimum deposit requirement.

Education
Their comprehensive training centre is divided into several subjects, as follows: Free eCourse, Trading eBook, Interactive eBook and Trading videos.

 

Support
24option offers great customer service. For each country, they have provided a phone number where traders on their platform can contact them. They also include the 24-hour chat service in numerous languages English, French, Dutch German,Russian, Japanese, Chinese, Turkish, Italian

 

24option support

 

Software
24option uses the TechFinancials trading platform which is considered to be one of the best trading platforms available to date.

Integrity/Regulation
24option is regulated by the Cyprus Securities and Exchange Commission (CySEC), is subject to strict trading laws and can thus operate within the European Union.

 
Read Traders Comments

24option reputation 24option reputation 24option reputation 24option reputation 24option reputation

 


Conclusion

24option offers traders a high quality and easy to use trading platform, with an admirable choice of underlying assets to trade. They offer an extensive education centre with a demo account, prompt professional customer support. Their pay-out per successful trade is good as is their banking system and they have ensured that their integrity is one of the best on offer. However if the prediction of the trader is wrong, he will lose all of his invested capital. If you are looking for a good trading experience with the opportunity of making good investments, we can recommend them as one of the best brokers.

 

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23 comments

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  1. ankita

    Is this best broker really?

  2. Scott

    Hi, do you allow traders from Ontario Canada?

    1. Paula Antonette

      Hi Scott, yes 24Option have offices in Canada where you can contact them directly, the telephone number is listed under the section Customer Support.

  3. byron

    do you allow trade from the bahamas

  4. Bart Vurst

    Is this broker reliable and how much profitability % can I achieve in 1 month ?

  5. Shantel

    Among the brokers I have signed-up with, 24option is my top pick. The perks are plenty and the payouts are much more rewarding

    1. Keldwin

      True. Other brokers pay only around 80% but with 24option, it can go for as high as 89%.

  6. Prince

    They have an excellent support staff. They are very accommodating and won’t force you to make a deposit right away.

  7. Raimi

    The mobile trading platform is not working! I can’t get it to run on my tablet.

    1. Greg

      The problem might be on your tablet and not the mobile platform. I’ve been trading using an ipad and a Samsung tab and I never had any issues.

    2. Len

      You might have some installation issues with your tablet. Try installing it on another device.

      1. Raimi

        You’re right. I tried installing it on my other tablet and it worked perfectly well. Thanks for the tip!

  8. Peter P

    I have never ever had a problem with 24Option I found it really strange that you had a problem, but then I saw that it was from YOUR end and not theirs!

  9. binary gal

    Howdy all, has anyone seen the fantastic chance to win an Island in Nova Scotia??? people are entering the competition by the hords!

  10. Iiro Nikula

    I still trade with this broker because they remain to have the best trading conditions. Customer service is the best!

  11. Christian Urner

    I signed-up for an account with 24option last November 2015. I can’t believe my profits have already reached $400 with this broker. Thank you!

  12. Galeazo Castiglione

    I can’t believe the run of good luck that I am having trading with 24option, they certainly have the best trading conditions

  13. Damien SR

    Tried using the live chat and I find it as an good alternative for contacting their support department

  14. Rey B.

    24option’s platform speed is fast with a long list of available assets. They also have a trading competition which I find to be interesting.

  15. Caroline Mathis

    Is it possible to get your withdrawals in 24option within a week? What was your experience with them?

    1. Vanessa McLean

      Yes 24option will be able to provide you a result with your withdrawal request, they even have a 1 day process for VIP accounts

  16. Lucas Ellison

    What was your standing with the current trading contest from 24option? How much have you made so far?

    1. Sean May

      I am currently ranked at 50, I really had a very awful trading for the past days due to the US election result, but I am so positive that I will be able to make it on the circle of lucky 24 traders.

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