Review and independent evaluation of 24Option

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

24option Broker Review 2020

In our 24option review, we will inform traders about all trading features and amazing solutions they can use while trading with 24option. Besides providing superior support in various languages, 24option has won many prestigious awards that are just confirming how good they are. 24option is regulated by CySEC and according to the broker, provides a high level of security for its clients. Read more about 24option in our detailed broker review.

24option Special Features

Traders are welcome to register with five different trading accounts and find most attractive features that perfectly fit their preferences. Trading accounts are carefully adjusted and we are sure traders will find an appropriate account that will satisfy their trading style. 24option has ensured 24option Demo account for trading newbies that will be able to practice before placing real trades.

Minimum deposit for 24option is $100 and the minimum investment is $24. Find out in our detailed article about 24option trading accounts here.

In the further text you can read more about 24option trading accounts and their features:

24option maximum leverage is 1:200 which is not the highest but it also is reasonable when one remembers that leverage increases losses as well as profits. The minimum spread on EURUSD starts from just 1.5 pips

It is noted that investors should not place trades with money that they do not afford to lose. Trading Binary Options involves substantial risk and may result in the loss of your invested capital.”

As we have already mentioned, 24option traders can first start using 24option Demo account. Demo is only available for registered traders and they will be contacted by 24option account manager to get most important info about Demo features. 24option Demo is excellent for beginners in the binary industry, but it is also a good starting point for all traders that have earlier experience too.

24option Demo account introduces all important trading tools and lets traders learn more about the trading platform. Beginners can simply place trades with virtual amount of money to spend.

24option Trading Software

24option has recently integrated MT4 platform which is mostly used for trading with Forex. The platform is available for download and it is available for both dektop or mobile version. This trading platform provides many novelties and if you are tired of using SpotOption platform, 24option and MT4 will give you a refreshing combination that could keep traders interested.

24option web-based platform is recently refreshed with a new in-house trading platform called Scipio. Scipio allows traders to trade with both binary options, CFDs or Forex.

We have found 24option offers more than just basic trading options which are especially great for traders with more experience.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

Update*: 24options is leaving TechFinancials platform and they are developing their own. Read more about it in our news article.

We have found 24option offers more than just basic trading options which are especially great for traders with more experience. Among classic High/Low and Touch Options, traders can find 60 seconds, Boundary and High Yield options.

If trading platform plays a big role in trader’s preferences, then 24options might be a great selection. Traders will be happy to know that 24option provides Early Close option. Besides plentiful trading options, 24option provides a variety of expiry times that give traders even more trading choices: 60 seconds, 2 min, 5 min, 15 min, 30 min, 1 hr, 24hr+, End of Month.

24option also provides a mobile version, that might be more convenient for traders that travel a lot and have less time to trade with the desktop version.

24option Support Information

We can say that 24option support service provides various languages for its clients. 24option broker allows support on more languages and clients will be happy to get support on their mother tongue. 24option serves their clients with live chat, email, contact form or phone.

There are more than 18 different phone numbers available, and we are ensured traders will find the appropriate number for support. In our 24option broker review, we have tested live chat service, which is rated as prompt and provides all important support for its clients.

Live chat is supported in various languages, so if you are not very good with English, their support agents will try to find adequate support for your language. If traders prefer more classical support service, they can send questions on [email protected]

Tip: Trade with a reputable and regulated broker such as IQ Option.

24option Banking and Company Information

24option provides diverse banking opportunities where traders can use plenty methods, depending on their preferences. 24option supports: Visa, Bank Wire, MasterCard, JCB, Diners Club, Dankort, Laser, Visa Electron, Liberty Reserve, Skrill/Moneybookers and even more. A wide amount of payment services enables easier transfers since traders don’t need to open accounts with new providers.

First withdrawal in a month is free of charge. This is a great advantage since most of the traders charge for every withdrawal. Traders are recommended to check 24option withdrawal fees that apply after the first request. Minimum withdrawal with 24option is $100 and it is important to know that traders need to verify their 24option accounts before their withdrawal will be processed.

24option will charge different fees, depending on payment method:

  • Bank wire: $30
  • Credit cards: 3,5%
  • Skrill/Moneybookers: 2%
  • Liberty Reserve: 1%

24option is serving its services from 2020 and as we have already mentioned, it is regulated by CySEC. This certificate confirms that broker follows certain rules and conditions determined by this regulatory body. One of the important things to mention is that 24option segregates their client’s accounts from a central bank account.

24option is available for trading in all countries except in USA and Australia.

24option Review

Tech Financials

COMPANY OVERVIEW

24 Option is a renowned company owned by Rodeler Limited and founded in 2020. It is incorporated in Cyprus, a well known financial services investment destination. 24option is a CySEC regulated broker operating under license number 207/13 and registered by a number of institutions. Traders can trade with the knowledge that their funds is in safe hands.
They are also well known for having the highest number of tradable assets in the binary options trading industry. They offer their services to traders all over the world (except USA and Australia). 24 Option has also built a reputation for offering standard trader education with articles, eBooks, webinars and videos for traders of all education levels.

PLATFORM AND TRADE TYPES

24 Option uses the Tech Financials turnkey platform. The Tech Financial platform is a breakthrough in financial trading technology as it allows easy, stress free trading through a web platform and associated mobile apps for Apple and Android phones. It is a general and secured trading platform that all traders would enjoy using.

The company offers the following trade types:

⦁ High/Low: In this trade type, a trader purchases a call option if he feels the future price of the asset would exceed the strike price or purchases a put if he believes the price would fall below the strike price.

⦁ Up/Down: 24 Options offer Up/Down trades. In an up trade, a trader makes a proposition that the market would close on a higher note while on a down trade, the trader makes a proposition that the market would move down on its current rate at the end of the day’s trading.

⦁ One Touch Binary Trade: 24 Options offer Touch/No touch option where a trader makes a prediction on whether the price path of an asset would reach a certain price point at any time of the trade period.

⦁ Short Term Binary Trade: 24 Options offer short term binary trade of 30 seconds, 60 seconds up to 5 minutes allowing traders get quick results and returns on their trading ideas.

24OPTION DEPOSITS AND WITHDRAWALS

There is a minimum deposit of $250 and a variety of deposit methods to fund your account. You can use all major credit cards, bank wire transfers and digital payment methods such as PayPal, Skrill and several others. Regardless of your country of residence, 24Option has a deposit method to cover you.
Withdrawals can be made with the same deposit method and there is a minimum withdrawal amount of $100.

BONUSES AND PROMOTIONS

24Option offers bonuses for traders who make an initial deposit. This bonus ranges from 25-100% depending on the amount you deposit. Also, each time you refer a friend, you get a cash bonus. When you download the mobile app, you also get a cash bonus of $24. In addition, you get one protected trade for each deposit you make. A protected trade is one in which your losses are refunded.

24Option also offers non-cash prizes such as a free ticket to watch Juventus Football Club for those who make a deposit of over $500. In terms of bonuses and promotions, 24Option got traders well covered.

CUSTOMER SUPPORT

They offer support via email, web form, live chat and phone support. Their email is [email protected] and they are known for responding quickly.

PROS AND CONS

PROS
⦁ Has a solid affiliate program for traders
⦁ Protected Trades for each deposit
⦁ Highly regulated and trustworthy broker
⦁ A wide variety of trading assets and also transaction methods

CONS
⦁ Card deposits are not available for many countries.

CONCLUSION

24 Options is a top-tier and highly trusted binary options broker. With their array of educational materials and their multiple customer service channels, we recommend 24Option to both new and experienced traders.

24Option Review

Regulated by CySEC 207/13

Minimum Deposit

Welcome Bonus

US Traders not Allowed

Type of Broker: Binary Options Broker
Regulated: Regulated by CySEC 207/13
Payout: 80%
Min Deposit: $250
Min Trade Amount: $24
US Clients:

–>

Max Trade Amount: $100,000
Free Demo Account:
Trading Platform: TechFinancials
Types of assets: Currencies, stocks, indices, commodities
Mobile Trading:
Web-Based Trading:
Automated Trading:
Scalping:
Hedging:
Mobile Alerts:
Trailing Stops:
GTD Stop Loss:
Limit Orders:
Guarantee Execution:
OCO Orders:
Charting Package:
Trading Signals:
Market Analysis:
Option Types: High / Low, Boundary, Touch Options
Expiry Times: 30 sec, 60 sec, 2min, 5min, 15 min, 30 min, 1 uur, 24 hr+, end of the month
Payment METHOD NAME Charge Time
Abaqoos None 2-5 days
Click2Pay 5-10% 2-3 days
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
EcoCard 8-10% 6-7 days
ePay 8-10% 2-5 days
eWire None 1-2 days
Fast Bank Transfer 1.5% 2-3 days
Giropay None 4-5 days
Neteller None 1-2 days
Paysafecard 5-10% 3-4 days
Poli 8-10% 4-5 days
Skrill one 3-4 days
uKash 8-10% 4-5 days

Screenshots

Full Review

The 24Option binary options brand is operated by 247 Holdings Ltd and uses the Tech Financial Ltd white-label platform solution. 24Option was launched in 2020 and has gone on to become one of the biggest binary options brokers in the world (they are even rumoured to be going public very soon).

24Option uses excellent software, they are CySEC regulated (license number 207/13) and have won numerous awards including the “Forex Magnates Broker of the Year” in 2020 and 2020; as well as the Daily Forex Awards for “Best Broker in 2020″. 24Option is one of the largest binary options brokers in the world and offers up to 80% payouts on touch/no touch trades.

Payouts and Expiry Times

The payout depends on the use of the loss return function and the type of trade the trader engages in:

a) There is a 65% to 80% payout for the following contracts: Touch/No Touch, High/Low, Boundary option and Short Term Option.

b) For the two high yield trades on 24Option (High Yield Boundary and the High Yield Touch), the payout starts from 380% and peaks at 500% for successful trades.

The high yield trades have weekly expiries, and the short term trades have expiries of 60 seconds, 2 minutes and 5 minutes for each respective trade. The regular trades have expiry times that start at 15 minutes and peak at one day. In between, there are expiry times for 30 minutes, 45 minutes, one hour and two hours.

The assets that are available for trading on the platform of 24Option are:

a) Commodities: Gold, Silver, Oil.

b) Currencies: EURUSD, GBPUSD, EURJPY. GBPJPY. EURGBP, AUDUSD, USDCAD, EURTRL, USDCHF, USDTRL.

c) 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, ASX 200 Future, Hang Seng Future.

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

For the iPhone, Blackberry, Android and indeed any mobile device that has internet connectivity, the mobile version of the 24Option website is available.

An educational centre that makes for a complete online technical analysis tutorial centre exists to help traders gain vast trading knowledge of the binary options market. Materials obtainable in the educational centre include a free Trade Manual, an online video tutorial, a binary options e-book and other resources.

Live account holders have access to a demo account for simulated trading.

Deposits and Withdrawals

Traders can use the channels mentioned below to deposit funds and withdraw trading profits from their account:

Credit card/debit card: Cards accepted are those issued by MasterCard, VISA, Diners Club, and JCB. The minimum funding amount allowed with credit cards is $250 while the maximum daily limit for withdrawals is $10,000. Maximum monthly limit for withdrawals is set at $40,000. All transactions are processed instantly.

1) E-wallet: The e-wallets allowed on 24Option are Moneybookers and Liberty Reserve.

2) Bank wires are the most globally accessible option which can be used by traders from countries where access to credit cards or e-wallets is non-existent.

The minimum deposit for credit cards and e-wallets is $250. The deposits for bank wire transfers starts from $1000.

The maximum deposit is determined by 24Option based on the account opening information supplied by the trader.

Min Investment Amount

With as low as $24, a trader can set a trade on 24Option.

Max Investment Amount

The maximum investment amount for the High/Low trade is $15,000 and for other trade types, this is set at $5,000.

A trader can maintain a trading account in any of three currencies: US Dollars, British Pounds or Euros. Cards to be used for deposits and withdrawals must be verified before use. This is achieved by scanning the front and back of the card and blocking off the relevant card numbers, then sending this to the accounts department of 24Option for ratification.

The maximum daily withdrawal limit for credit/debit cards is $10,000. The minimum withdrawal amount is $10. Only one free withdrawal is allowed per month. Subsequent withdrawals are charged at $30.

How can the customer support desk on 24Option be reached? There are several options:

c) Phone +35725030600.

Conclusion:

As you can see, 24Option is one of our favourite binary options brokers. They cater to customers in virtually every language and provide an excellent support system around the clock. Withdrawals are normally processed within a few days so you shouldn’t have any worries about depositing your money here. We also love the TechFinancials software, which provides a better range of expiry times and payouts then SpotOption-powered brokers.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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