Last Updated on January 18, 2022 by Patrick Mahinge
In order to succeed in the binary options, Forex or CFD trading market, traders need an immense amount of information at their disposal. In many cases, they get this information from news sources or financial analysis websites.
Some online brokers, however, are committed to supplying their traders with all of the news, information, analysis and training they need to turn financial data into real-world trading success. Among these brokers, 24Option is one of the most prominent.
- 24Option Review Background
- 24Option review – A fully regulated and trustful broker
- 24Option review – The king of option types and payouts
- Available Binary Option Types – review 24option
- Review 24option – returns and available assets
- Attractive trading conditions for all traders
- Trading conditions – 24option review
- 24Option review – An advanced and effective trading platform
- Platform functionalities – 24option review
- 24Option review – An impressive educational offer
- A top-quality support service
- Support Tools – 24option review
- Promotional Tools and Bonus – 24option review
- 24Option Account Types
- Educational Materials
- Trading Software
- 24Option Deposits and Withdrawals
- Customer Support
- Bonuses and Promotions
24Option Review Background
24Option first started doing business in 2009, when binary options were still in their infancy and digital Forex trading was a relatively new phenomenon.
Since that time, the firm has sought to provide user-friendly services and a platform that helps traders succeed, rather than just facilitating trades. In the intervening several years, the platform has been able to grow into one of the most well-known names in nontraditional investment.
We are glad to present you our 24option review. The 24option brand is now owned and managed by a Rodeler Ltd, a fully regulated and authorised company in Europe and the United Kingdom. This broker is considered by many as the leading broker in the binary options trading sector in terms of market shares and this is why our 24option review is detailed. This industry pioneer has been leading the innovation race among regulated brokers and is today the broker proposing the largest range of different binary option types on the market. It is also rumored to be the biggest binary options broker in the UK. Its recent high-flying sponsoring partnerships with the Juventus Football club, French football club Olympique Lyonnais and legendary tennis player Boris Becker is now boosting the brand recognition all over Europe. Launched in 2009 on the web-based OptionFair platform, 24Option has continued to innovate and gain in popularity from all the most respected financial regulators in Europe. In the following 24option review, we will present all the the services and advantages of the broker: reliability, bonus, account types, platform, trading tools and assistance.
24Option review – A fully regulated and trustful broker
24Option, under management of Rodeler Ltd, is regulated and licensed by the CySEC (Cyprus Securities Exchange Commission) under license no. 207/13. The online broker is also authorized by all the most respected European financial regulators: the FCA in the United Kingdom (ref 610021), the BaFin in Germany, the AMF in France and many more. As such, 24Option is a member of the Investment Services Compensation Fund. This European instituion gives customers a protection on their deposit of up to 20,000 euro insured by the regulators. In return for this protection, regulators perform regular audits of the company’s balance sheet and protection processes to ensure the maximum level of client security and that their 24option review is always updated.
24Option review – The king of option types and payouts
24Option is the binary options broker that offers the largest range of option types. You will be able to build advanced strategies with High / Low options, one touch options, No Touch options, Boundary options, 60 seconds option, High Yield options and exclusive 30 seconds options. It is also one of the providers that proposes the larget range of maturities so you can always trade with different time horizons. The broker puts an important emphasis on short-term trades with expiries of 60sec, 2min, 15min, 30min… on many underlying assets. The number of binary option types proposed by the broker, along with the degree of safety surrounding client deposits, are the main reasons we decided to rank the 24option review first on our list of brokers.
Available Binary Option Types – review 24option
|High / Low||One Touch||Boundary||60 Sec||30 Sec||High Yield Options||Option Builder|
24option offers the highest payouts/returns in the industry with returns going up to 88% on standard High-Low options and averaging around 84%. You can of course generate higher returns with the High Yield options offered by the broker. The broker proposes a large range of available assets that will satisfy forex traders as well as equity or Index traders.
Review 24option – returns and available assets
|Highest Return||Average Return||Return on Loss||Forex Pairs||Equities||Indices||Commodities|
|88%||84%||up to 15%||31||47||21||7|
Attractive trading conditions for all traders
24option is one of the only broker in industry to propose a demo account in order to help you learn binary options trading without any risk on your savings. The demo account is only available after your first deposit – traders are eligible for a free demo account only after they make a minimum deposit of $250. This free demo trading account will give you the opportunity to test the broker’s services and trading platform without any risk on your deposit. Practicing is the best way to learn about trading so make sure to use this feature and switch to a real trading account once you feel confident with your strategies.
Most of the below conditions are conditional to your membership level,which itself depends on the amount of your first deposit. The following are the conditions available with the 24option minimum deposit of $250.
Trading conditions – 24option review
|Demo||Min. Deposit||Min. Trade||Mobile Trading||Social Trading||Welcome Bonus|
Minimum deposit – The 24option minimum deposit of 250$ is in line with the industry. You can’t expect a quality of services from a broker proposing a lower threshold. If you want useful trading tools and a dedicated support team, this is the minimum available.
Minimum trade size – The $24 minimum investment size is quite high compared to the industry but it is the price to pay to trade with such a respected and established online broker that provides such a large range of option types. It’s not enough to hurt our global 24option review.
Withdrawal – The withdrawal process is really simple and bulletproof. We know this represents a critical point for retail traders. The withdrawal process is comparable to the industry standards and takes about 3 to 5 days guaranteed. First withdrawal is free, following withdrawals will be charged a $30 fee.
Mobile trading – 24Option recently updated its mobile applications to include all the innovations of the web-based platform. According to the last update of our 24option review, the application is compatible with Iphones and Androids and displays all the functionalities of the trading platform. You will thus be able to monitor your positions or execute new trades from everywhere.
Market data – 24Option uses real time data from respected providers, assuring traders receive the real market prices and do not suffer unexpected loss due to ‘different price’ issues.
Social Trading – 24Option introduced a new feature to their trading platform where you can mirror the transactions of top traders in real time. This allows you to develop your skills and find out what some of the most profitable traders are doing.
24Option review – An advanced and effective trading platform
24option uses its own Trading Platform, which is considered one of the best trading platforms available to date for binary options. Our 24option review takes into account the great advantages of using such efficient trading platform. The system has become a reference for new brokers who try to enter the constantly growing online binary options trading business. 24Options dedicated most of its investment resources to the development of a user-friendly navigation system that simplifies the trading process and experience.
Platform functionalities – 24option review
|Early Closure||Roll over||Analytical Tools||Market Indicators||Trading Signals|
24Option review – An impressive educational offer
If you are new to binary options trading, we recommend you to open an account with this broker and this is the whole point of this 24option review. The broker offers the most complete trading trainings, ebooks, education videos and trading guides. The opening of a trading account will give you free access to a large selection of downloadable E-Books, detailed videos tutorials, weekly webinars and the latest financial news curated by recognized providers.
24Option also proposes a large range of freely available trading signals that can help you identify strategies and entry points if you are still struggling with your own trading strategies.
A top-quality support service
As soon as you open a trading account and make your first deposit, a personal account manager will be appointed to you to guide you through the different functionalities of the platform and give you a full 24option review. This is a quality of service only the best binary options brokers are able to offer. This personalized support represents a key advantage of our 24option review for novice traders. A live chat is also available 24h/24. The 24Option support team members will be happy to provide you with any piece of information regarding your account or characteristics of the trading tools.
Support Tools – 24option review
|Phone Support||Live Chat||Webinar||eBooks||Personal Account Manager||Trading Signals|
Phone support is available in 16 languages and 16 different country codes, so traders who prefer to speak to a representative should be able to find someone in their region.
Promotional Tools and Bonus – 24option review
24Option offers a really attractive welcome bonus package for new traders. As explained earlier in the article. The welcome bonus is proportional to your initial deposit with the broker.
|Initial Deposit||Welcome Bonus|
|250$ – 499$||20%|
|500$ – 999$||30%|
|1000$ – 2499$||40%|
|2500$ – 4999$||50%|
24Option is well known in the sector for proposing attractive promotional offers to new customers. Beyond traditional welcome bonus, 24Option regularly organise trading competition with huge cash prizes. Last December, the broker hosted the world’s biggest trading competition with a 100,000-dollar cash prize for the winner. 24option bonus offers can also be boosted for several occasions (Christmas, brand birthday…). Make sure to follow our binary options brokers news to benefit from this special offers. Please see below the different 24option account types corresponding to the above minimum deposit and bonus levels. We hope this 24option review provided you with all the required information on the broker. we encourage you to use our secured links to avoid any problem and benefit from additional privileges negotiated by our team.
24Option Account Types
24Option has perhaps the most diverse range of account types of any major Forex or binary options broker. Among its active trading accounts, there are five separate levels. The Basic account, which is the lowest level, offers the raw basics of trading functionality. The subsequent four, denoted as Silver, Gold, Platinum and Diamond, build off of this with more advanced features and better terms.
As your trading account level increases, your account is subject to lower spreads, making for more profit on each individual trade. Other features, such as personal coaching, real-time trading alerts and even trading platform customization, become available with higher-level accounts. At the Platinum level, members can even get free Juventus football club tickets, as 24Option is partnered with that club.
24Option also offers Islamic trading accounts, which ensure that money deposited into those accounts is not involved in interest-paying activities. Islamic accounts are becoming increasingly popular among the major online trading brokerages, as they allow Muslims to invest their money without violating a central tenet of their faith.
24Option offers a wide range of educational materials that traders can take advantage of to hone their skills, increase their knowledge base and, most importantly, make their trading more profitable. The site offers a full ebook that new traders can download for an effective crash course in binary options trading, as well as several webinars designed to teach specific aspects of trading online.
For more day-to-day information, traders can turn to 24Option’s trading central, which provides them with real-time professional financial analysis that they can use to make trading decisions. Added to this is a financial headline feed that will give them basic information about the major economic events taking place around the world on any given day.
At the higher account levels, even more valuable educational materials are unlocked. A personal trading coach and live personal training sessions, for example, can be accessed by members with larger trading accounts. This is one of the many ways that the 24Option system grows with traders as they gradually become more experienced and skilled.
24Option has chosen to build its trading interface on the popular MetaTrader4 software, which is a major standard software in the digital trading industry. Using this software, 24Option offers a platform that is both user-friendly and filled with useful information. MT4 is well-known for its clear yet informative price graphs. A well-organized interface also lets traders keep track of asset prices in multiple categories, which is great for those traders who like diversity in their positions.
Traders can also access the 24Option trading platform via a mobile app. Though not everyone favors mobile trading, it is extremely useful for those who like to trade actively throughout the day. With higher account levels that receive real-time trading alerts, mobile accessibility also lets traders act on new information in a matter of moments.
24Option Deposits and Withdrawals
Once you’ve opened an account on 24Option, the next step you’ll need to complete before beginning to trade is depositing funds into that account. 24Option accepts major credit and debit cards, a range of electronic payment services and direct wire transfers. How large your minimum deposit will be will depend on the method you use. If you’re depositing through a card or teller service, your minimum deposit will be £250. For wire transfers, the minimum goes up to £1,000.
Withdrawals may be conducted using any of the same channels that can be used to deposit funds. Before you can withdraw funds, you’ll need to verify your identity with 24Option. The withdrawal fee you will be charged depends on how you elect to withdraw your money. For teller services and cards, fees of 2-3.5 percent will be applied. For wire transfers, a flat fee of £20 will be charged. It’s also worth noting that higher level accounts offer fee waivers, with Platinum and Diamond accounts exempt from withdrawal fees altogether.
Whether you’re trading traditional stocks or binary options and CFDs, you need to know that your brokerage is going to be there for you whenever you need it. 24Option offers professional customer service at any time via phone, live chat or email. The site also features a fairly comprehensive FAQ section that can be used to find the answers to simple questions, such as how to withdraw funds or how to check your account balance.
Bonuses and Promotions
Recently, stricter rules went into effect about brokers specifically rewarding trading activities with bonuses. However, 24Option still manages to put together some very attractive promotions from time to time. Usually, these promotions involve free product giveaways for traders, though cash giveaways are sometimes involved as well. These promotions are limited-time, so be sure to check back into the “Promotions” page on 24Option.com regularly to see what the current promotions are.
24Option takes the privacy of its customers very seriously. This is why the entire site is secured with 128-bit SSL encryption, as well as other digital safeguards that prevent would-be hackers from accessing customer information or funds. To add to this internal security, 24Option is also licensed under the Cyprus Securities and Exchange Commission. Because Cyprus is a member state of the European Union, registration with Cypriot regulatory bodies makes 24Option subject to all of the collective rules and regulations that the EU as a whole places on trading firms. When trading on 24Option, customers can be assured that their money is secure with a well-regulated company that is transparent to government oversight.
24Option offers one of the best values for traders of all levels. Starting with a great basic trading platform, 24Option allows traders to grow and access more and more features as they become more adept. This makes it one of the few brokerages that can truly guide a trader through every step of the journey from being a total novice to being an experienced and professional financial trader. 24Option’s strong supply of financial information is also useful, as it saves investors the time of going to other platforms to find the news and data they need to make informed, well thought out trades. If you are looking for a binary options, Forex and CFD broker, 24Option is a great choice.