24Option Overview 24 Option was established in 2010 in Cyprus, is a trademark owned by the company Rodeler Limited(formerly Cbay Financial Services Limited regd number HE 312820. Official address Samos Business… more
|Support Number||+357 25 262789|
|Support Types||Email , Chat , Phone|
|Languages||English, Spanish, French, German, Spanish, Italian, Japanese, Latvian, Portuguese, Romanian, Swedish, Turkish, Russian, Arabic, Danish, Indonesian , Chineese|
|Minimum 1st Deposit||250$|
|Minimum Account Size||250$|
|Minimum Trade Amount||25$|
|Maximum Trade Amount||50000$|
|Free Demo Account|
|Deposit Methods||Credit Cards , Money Bookers, Wire Transfe, Neteller, WebMoney, Paysafe Card, CUP, Astro Pay, Moneta, Sofort, Giropay, Neo Surf, Ban k Link, EU Teller, EPS , Qiwi, Ideal, Sofort, CashU, Perfect Money, Teleiningres, Ticket Surf, Multibanco, Mister Cash|
|Withdrawal Methods||Credit Cards, Wire Transfer, Money Bookers, Neteller, Perfect Money, Cash U, CUP, Qiwi, Webmoney|
|Number of Assets||106|
|Expiry Times||60 seconds, 5 minute, 15 minute, 60 minutes, Daily, Weekly|
|Types of Assets||Forex,Indices, Commodities,|
|Option Types||High/Low , Speed Trading, One Touch, Zone|
|US Traders Allowed|
24Option is one of the oldest and popular broker(Alexa rank wise) in Binary Options market. This broker has license from CySEC (HE 312820) and part of the exclusive group of registered licensed brokers with good track record.It has one of the highest payout rate up to 90% in the industry. 24Option provides most comprehensive coverage of the market with 107 financial instruments(Forex,share,Indices and Commodities) and options to trade all types (High/Low,One Touch,Zone and Speed trading) of binary options.There are least number negative reviews compared to other brokers and most of those are based on flimsy grounds. They provide premium market overview for all customers and special trade alerts also know as 24Option Signals to customers who deposit above $3000.
24 Option was established in 2010 in Cyprus, is a trademark owned by the company Rodeler Limited(formerly Cbay Financial Services Limited regd number HE 312820. Official address Samos Business Center, 2nd floor, 67 Spyrou Kyprianou Street, Potamos Yermasoyia, Limassol CY-4043, Cyprus) .
The company established in the market pretty fast due to its superior trading platform,which has advanced charting tools eliminating the need for the traders to use any other tool. Combined with high payout rate and international presence,24Option is one of the top 3 Brands in the binary options industry.
Minimum Deposit and withdrawal
Minimum deposit requirement is 250$. Though,I would highly recommend with starting with at least $500 as it will give enough room to test different strategy without blowing up the account.
The registration with 24Option through binaryoptiontradingreviews.com allows you to get special bonus of 20% for deposits between $250 and 499, 30% between $500 and $999, 40% between $1000 and $2499, 75% between $2500 and $4900 and 100% for the deposits over $5000 . To take advantage of our exclusive bonus, simply open an account on 24Option by clicking on one of the links on this website. Our bonus offer will be automatically acquired and in case of any delay in bonus, ask the support staff for bonus by mentioning our website. Note that they may check if you indeed signed up through our link.
Open Account with Best Bonus Offer
Bonus given by every brokers come with a caveat to avoid customers exploiting brokers. Do remember that,you can withdraw the bonus only when you have traded the 30X amount of bonus. So,if you get $1k bonus,you need to trade $30k in volume before you can withdraw the full bonus amount. This restriction on bonus withdrawal is imposed to avoid misuse of the bonus. Check the table to know the all the deposit and withdrawal method.
Apart from large lot trading possibilities, the broker provides clients with huge training materials including videos, e-book, some useful articles and webinars. Each trader can receive some basic knowledge on financial markets, binary options, analysis methods and so on.They do have one tips service (for clients who deposit more than 3000$) where they show automated high probability trades. Though,they call it signals service,it is actually tips service. I found the service from average to good. If you trade with overall direction of trend ,you can get good success rate.
24Option customer support is quite professional and they offer support in multiple languages. In our multiple interaction with them ,we found the staff to be quite knowledgeable.
24Option: Payout and Types of contracts
One of the main advantage of 24Option is the high payout(Upto 91%) for “In the Money” options.
This broker offers 4 main types of contracts –
- High/Low (Classic Binary Options), OneTouch, Boundary and Short Term.
- Classic Binary Option has two separate varieties – High/Low and Above/Below (the main idea of that type is that trader should determine whether the price will be above or below the level, established by the broker).
- OneTouch Binary Option has also two varieties: Touch/No Touch and High Yield Touch (up to 400%).As for Boundary Option, trader can use classic and high yield Boundary with possible profit up to 400%.
- Finally, Short Term Binary Option has 4 expires – 30, 60 seconds, 2 and 5 minutes.Though,ultra short term trading can yield very high returns,it has far higher risk too. If you are a beginner,I would strongly advise you to start with hourly or longer time frame options. One touch feature,which is mostly offered in weekends can yield as high as 500% return,while risking in only amount invested in the trade. You should use this feature only for very high probability trades,once you have some experience.
24Option Scam: Is It True?
Well as mentioned above they are CySEC regulated and one of the oldest brand in the industry. So,they are definitely not scam. There are some unsatisfied customers but I could not find any genuine red flag . Most popular allegation is manipulation of price during news announcements. But,it is only natural to have high volatility during major news announcement. So,I would advise to stay off from the 5 min trading in general during big news.
Another part of bad feedbacks appears due to the low level of trading abilities and the unwillingness of some newbies to admit their own trading mistakes. They come into the market, lose their money and blame broker for their failures. You should always keep that in mind while reading people’s so called reviews.
If you have genuine complain about the broker,do reach out to us via our Facebook page. We will definitely try to solve the issue with broker else,update our editorial reviews accordingly. As of now,they are definitely one of the most recommended broker in the industry.
Overall, We conclude that 24Option is a legit Cysec regulated broker with advanced trading platform, good track record, friendly support staff and high payout. Your money is in safe hand with 24Option . Before writing this review,I have read a lot of scam reports,forum posts and comments all over the internet and could not find any genuine case of concern about 24Option.