24Option Review – Read this Review Before you Open an Account!

In our 24Option Review, you will find that this broker offers top notch binary options trading. The broad span of their service provisions makes the user feel completely comfortable with every phase of the entire process. We have found that most newbies in binary trading find it to be a bit too extensive and needless to say, they are a bit apprehensive at first.

However, the 24Option team immediately helps clients to realize the benefits are completely greater than any risks and clients immediately feel at ease. The platform is phenomenal with a full category of trading options that offer investment amounts to appeasing every budget. You can also access your account from any mobile device to enable you to utilize all the trading chances.

24Option is one of the recommended binary options brokers in toplaunchreview.com.

24Option Overview24Option Review

Broker Name: 24Option
Online since: 2010
Jurisdiction: Cyprus, EU
Software: TechFinancials
Max Returns: 88%
Bonus: 100%, bonus terms and conditions apply
Minimum Deposit: $250
Minimum Investment: $24
Maximum Investment: $100 000
Currencies: USD, EUR, GBP, Yen
Mobile: Yes
Countries: All nations excl. USA & Australia

open an accountIs 24Option a Scam?

24Option is NOT a scam. 24Option was regulated in 2013, under the CySec regulation. That means that the money deposited to the provider is safe. For more Information about Binary Options Regulation see the link provided. 24Option regulation is of course the main reason why 24Option was gladly added to the list of non-scam brokers, however, and don’t get me wrong- just because a broker is regulated, it doesn’t mean that it doesn’t suck! As our readers already know, there are more than one binary options brokers that suck, despite being regulated. Fortunately, that isn’t the sole reason 24Option was added to our list of non-scam brokers; 24Option has a great user-interface and the trading process and the overall navigating are simply great. The trading process is easy to use and the live charts are available by clicking on the asset. If a trader wants to examine the asset more closely, (s)he doesn’t need to browse to other pages; a click on the asset tab will pop out a small window just above the asset with information by Yahoo! and other sources. These great advantages of 24Option made this company one of the best binary options brokers out there. 24Option has improved a LOT since they were founded, the platform has been re-designed, number of assets has increased and staying up to date seems to be their ambition.

Expiry times

Having looked at the trading options available at 24Option, the expiry times or time frames are logically the next thing to look at. As it is, the expiry time you select will have a significant bearing on the outcome of your trade. In financial trading, more so in binary options, time is of the essence and even a half second could be the difference between a winning and a losing trade. That said , 24Option, through TechFinancials, offer their traders a variety of long term and short term expires to choose from, depending on their analysis methods and trading strategies. These are:

  • Short term expires

Short term expires are generally go from 1 second to end of trading day. The short term expires offered by the broker are:

  • 1 second
  • 15 seconds
  • 30 seconds
  • 2 minutes
  • 5 minutes
  • 30 minutes
  • 1 hour

Short term expires are the best when you are trading currency pairs or major stocks. They can also apply to commodities and indices although the results won’t be exemplary. If you are not the patient type and would want to get done with trading as soon as possible, these options are for you. Normally, short expiries carry very high risks and average profits. You need to keep that in mind when deciding on the type of option to buy and on the particular expiry.

  •  Long term expires

The long term expires include the 5 hour and end of day expiries. Regrettably, longer expires such as end of week are not supported by the platform. This isn’t such a big issue, to us that it, as most traders are currently in love with the more convenient short expires. That said, both the 5 hour and end of day expires are pretty good and should get the job done for lovers of longer time frames.

open an account

Deposit, Payment and Bonus 18/20

24Option Minimum deposit is average – 250$/250€/£250/¥50,000 or руб 10,000. Deposit is available via C.C., Wire transfer, Cash-U, MoneyBookers and many more. Withdrawals are generally available via the same methods, with a minimum of 100$ for wire withdrawals. There is no minimum withdrawal amount using Moneybookers. 24Option usually offer a bonus of up to 100%, however, from time to time 24Option offer great specials and promotions for new and registered costumers.*Bonus terms and conditions apply.

Customer Service

We always prefer chat support as the fastest way to get answers to the most pressing questions. 24option offers fantastic chat support, which is available in 16 different languages. We chatted with 24option on 5 occasions and always received prompt, courteous service. 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.

Pros:

– Very good deposit bonus
– 60 s option
– Excellent customer service
– Free signals
– Mobile Trading

Cons:

– Doesn’t take US traders

Conclusion

To be honest, we have never seen a broker offering as much as 24Option does. One of the things we like about the broker is their awesome website. Everything you would want to know, not only about the broker but binary options in general is presented in a simple but clear way on the site. As a matter of fact, spending two minutes on the site taught us more than we would ever learn in a lifetime in other brokerage sites. And the payouts too, are amazing, the platform as well. In all aspects, 24Option is arguably the best binary options broker we have ever reviewed.

open an account

Summary
Review Date
Reviewed Item
Dennis Weiss
Author Rating
51star1star1star1star1star

Leave a Reply

Your email address will not be published. Required fields are marked *