24Option Review

General Data
Broker 24Option
Website https://www.24option.com/
Registered in Cyprus
Foundation 2010
Regulated Yes
US Clients Yes
Phone +357 25 262789
E-mail [email protected]
Account Options
Broker Type Binary Option Trading Platform
Comission No
Min. Deposit $250
Max. Deposit unlimited
Min. Trade $24
Max. Trade $100 000
Payout % 89
Deposit Methods Credit Cards, MoneyBookers, Wire Transfer, MoneyGram, Liberty Reserve, Western Union, Cash U
Withdrawal Methods Credit Cards, MoneyBookers, Wire Transfer, MoneyGram, Liberty Reserve, Western Union, Cash U
Types of Assets
Forex Yes
Stocks Yes
Indices Yes
Commodities Yes
Currencies Yes
ETFs No
CFDs No
Trading Platform Options
Supported Languages EN, FR, DE, ES, IT, JA, TU, RU, AR, DK, ID, KO, LV, PT, SV, RO,CH/td>
OS Compatibility Mac, Windows, Web, Mobile
Streaming News Feed No
Charting No
E-mail Support No
Mobile Alerts No
Mobile Trading Yes
Web Trading Yes
Customer Support
Languages EN, FR, DE, JA, ES, AR, TU, RU
Service Hours 24/7
Trading over the phone No
Live Chat Yes
Bonuses & Promotions
No-deposit Bonus No
Welcome Bonus Yes
Other Bonuses & Rewards Yes
Rating
Design:
Global Offer:
Bonus:
Notoriety:
Assistance:
SCORE TOTAL: 4.4

This review will give you a better idea of the binary options broker that has created a lot of buzz recently.

Awesome trading platform, intuitive browsing interface and a few more features that make it stand out.

Currently, the broker is in the ownership of Mika Holdings, Inc. It was established back in 2010 and is now headquartered in Cyprus and regulated by CySec.

Trading Platform

24Option uses 100% web based platform – Tech Financials. It means you can log in your trading account from any computer and from anywhere in the world, provided that you have internet connection.

When you go to the website, you can see that the homepage is not cluttered and you don’t need to spend ages to look for necessary buttons. The platform used is convenient, but it does not show the charts instantly. A user has to click on the asset and only then the chart will appear. For those who are beginners in trading, it may seem to be a bit problematic as they would feel more comfortable if they see all the necessary information in front of them. However, in general the trading platform is suitable for both experienced traders and newbies.

Video Review

Unique Features

The list of special trading features covers those which can be found in other brokers as well those that add up. Thus, the features included are the following:

  • Limit Order
  • Charting Package
  • Streaming News Feed
  • It allows traders from the USA to sign up and trade
  • Trade Types

    It is possible to choose either long term or short time expirations. Among the trade types to select, there are the following:

  • High/Low Options
  • One Touch Option
  • Boundary Option

Payout and Bonuses

The payout rate is different depending on the trade you make. You have to deposit at least $200 to join. Thus, it ranges from 70 to 85%. You can use some special platform tools to calculate the return for the trades you make. In terms of bonuses, the initial bonus is quite attractive here: 100% of the first deposit. It gives traders a chance to maximize their profit in the shortest periods of time.

Assets

Even though the asset list of the trading company is quite extensive, some critics claim that this list can be even more diverse. There are over a dozen of currencies served and there are the following stocks to be traded:

  • Vodafone
  • Lloyds
  • British Petroleum PLC (BP)
  • Barclays PLC
  • Google Inc.
  • Apple Inc.
  • Telefonica SA
  • France-Telecom

Reliability

The broker service uses only trusted withdrawal methods, such as credit card or wire transfer. However, the initial payout can take a bit longer. But, on the other hand, account verification means an added layer of security. As many other brokers, 24Option allows one free withdrawal per month and all the other withdrawals will cost you $30 each. The company is regulated by Cyprus Securities and Exchange Commission, which says a lot about its reputation.

Customer Support

The company tries to serve and support their clients comprehensively. The support is available in 9 different languages, including Arabic, Danish, English, French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Swedish, Turkish, Indonesian and Romanian. Thus, clients can contact the support desk through e-mail, live chat or by phone. There are over a dozen of toll free phone numbers for a row of countries. Users can also get manuals, newsletter or request call back. For any enquiries that traders may get, they may contact the support desk at any convenient time – 24/7.

Pros

  • Simple and intuitive trading platform
  • Up to 85% of payout returns
  • Reasonable support system
  • Cons

  • Relatively high withdrawal fees charged
  • The asset list leaves a bit to be desired
  • Benefits and bonuses are not striking enough

Conclusion

24Option has been given rates that are above average. There are a few things they need to catch up on and they do not have any adverse reputation, but is still worth trying to test their new trading features and deal with them.

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