24Option – Honest Broker Review


  • Minimum deposit $250
  • Not wire transfer friendly, biased toward other forms of eolith
  • UI Trading platform not terribly polished
  • Demo account available merely afterwards deposit

The broker

was founded as a binary options broker in 2010 and was one of the
first online binary options brokers. At present it’south non only binary options that can be traded through their modern platform.  24Option is a banker registered under CySec, which is the Cyprus Securities and Exchange Commission,  the most important regulatory authority in Europe. It is one of the biggest and well-respected members of the binary options broker customs.

At that place’s over a
1000000 visitors
on their platform each calendar month, which makes it ane of the biggest brokers in the earth. Nevertheless, non everyone out of the one thousand thousand actually trades with them. On the other hand, there’due south more than 17 million trading accounts at IQ Option.

24Option Platform

24Option is a broker running on
Tech Financials
platform. I personally used non to like the platform’south look, because it was to me a bit disruptive. However, in the kickoff of the year 2017, their platform went through a serial of changes. At present, it looks amend and they offer even more than types of trading.

24Option offers trading with a wide diverseness of binary options starting time with 30 seconds options (soon to be discontinued). 30-second binary options are not worth it in my opinion, considering
with a standard account, the return on is simply 67 %, which is
compared to 82 % offered on 15-minute trades.

Other than that, with the new platform, they even offer
CFD trading
and Spread binary options. What is the deviation between CFD trading and binary options? Have a look here: (CFD Trading (forex) vs binary options)

24option platform

This is what the new 24option’s platform looks like.

However, with those changes, the possibility of trading ane touch options and purlieus options has disappeared. Unfortunately.

  • What are
    Boundary Binary Options?

    • When trading Boundary options, the trader speculates whether the nugget’due south cost will terminate within a specified range, or non. Simply if you predict large market movements, be it up or down, you desire to invest on OUT. Is the price stagnating and at that place is no trend to exist plant? Invest on IN. Purlieus options tin can non be traded with 24option anymore.
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24Option Demo Account

24option demoThere is a
demo account available
, merely you must open a alive trading business relationship first by placing an actual deposit. Afterward you’ve done this, they will supply you, if you lot wish, with a second account with which you are free to practise trading with naught consequences. 24Option is regulated by CySec and works nether Eu constabulary.

Information technology is practiced to endeavor out trading with a demo account before you merchandise with existent coin. If you do not wish to deposit money prior to testing trading on a demo account, you lot can open our
demo platform
completely for free with no registration needed.

Account Types:

Account types range from your typical Standard to the more premium availabilities:
Beginner, Gold, Expert, and Diamond. Aught much to note here other than that they’re your standard perk upgrade system.

Deposit and trading

The minimum corporeality of coinage 1 has to have available to make a eolith into one’s account is prepare at 250 currency units.
These can either be in USD or EUR, GBP, the yen or the ruble. Ane caveat should be mentioned though here: at 24Option, the minimum eolith amount differs with how you bring about the deposit. The previously mentioned lower limit of 250 currency units applies only to deposits fabricated by either credit card or an electronic form of payment.

Should you wish to brand a deposit via a wire transfer, your lower limit rises to 1000 currency units. The total amount of methods you may use to either eolith or withdraw your money, includes credit cards, electronic transactions agents such as Skrill, and then there is ,of course, the wire transfer, and lastly they likewise take Western Union. Cash deposits, of course, are not able to exist washed.

The minimum amount of currency units for opening a trade is 24.
The kind of avails 24Option offers for merchandise are currencies, commodities, stocks and indices. All together, they number simply over 100 avails. Payouts are tied to what kind of membership one has, for instance: the Standard comes back around 83% and so does the Beginner.

The Gold account type offers a render of 85% while the upper-tier Expert and Diamond accounts return 87% and 89% respectively. Decease dates also range from 30 seconds, 60 seconds, two minutes, 5 minutes, 15 minutes, xxx minutes, 1 hour to 24 hours. This again shows where 24Option’s preferences, or indeed, perhaps strengths lie in catering to those who prefer the brusque game (but potentially shunning those traders who are in it for the longer run).

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Languages currently supported are English language (reminder: their trading platform is non friendly to US traders) and many more languages. It surpasses that of close competitor Stockpair.

It is clear that
24Option has a larger involvement in non-Western consumer markets. It even caters to devout Muslims, providing a “100% halal” manner to still be able to run the binary options roulette. Thus looking at Stockpair’due south language availabilities, reveals a more Eurocentric involvement.

However it is to exist noted that the support of Dutch is a very rare thing indeed in the land of binary options brokering, and Stockpair has information technology. While nigh speakers of the linguistic communication, primarily in Belgium and holland, have a competent grasp of English, peradventure this means a shift of this particular market towards Stockpair’s benefit. That being said, the larger variety of user languages available might overshadow Stockpair’south potential in this particular surface area. After all, 24Option theoretically has the advantage of a larger playing field, and so to speak. And a very populous one at that.

types of trading

i can take on at 24Option are
High/Low, One Affect, Boundary and lx Second Options. Following, i can conclude that 24Option is geared more than towards providing a diversity of ways to incite the instant sense of satisfaction, or to traders who simply simply adopt the short game.

Download BERSI Strategy for free

If you’re ready to open an account with this broker and trade with them, don’t forget to download the BERSI Scalp strategy
for free. This strategy is very successful, as you can run across on the image on the correct. Click it to brand information technology bigger.

Thanks to this strategy, you can finally become a successful trader. And if y’all don’t like the strategy at all? Don’t worry, just don’t use information technology. Yous don’t take to. Only
why not try, if you can take information technology for free? 😉 Many traders around the world are using it already. What are they maxim nigh it? Read more here: The results and the impressions of the traders

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Download the strategy

Relevant manufactures about 24Option

24option Pros

  • Mobile Platform
  • Innovative user friendly platform
  • Eu CySEC Regulated binary options broker
  • Articles and financial news
  • 30 & threescore 2nd Binary Options Trading
  • Large selection of languages
  • Good and well-known reputation
  • Good multifariousness in types of trading and assets Decent pay outs

24option Cons

  • Minimum eolith $250
  • Not wire transfer friendly, biased toward other forms of eolith
  • UI Trading platform not terribly polished
  • Demo account bachelor simply after eolith

24option – Review author


More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior twelvemonth in highschool, when I finally started to recall almost doing online business concern. Nowadays I profitably trade binary options full-fourth dimension and thus gladly share my experiences with you.
More posts by this author

24option Details

✅ Broker 24option
✅ Website URL https://www.24option.com/
✅ Founded 2009
✅ Headquarters London
✅ Support Number [email protected]
✅ Support Types 24/7 client back up including, E-mail, Alive chat, Fax
✅ Languages English, Dutch, Latvian, Russian, Danish, Chinese, Swedish, Korean, Indonesian, Italian, Turkish, Japanese, Romanian, Castilian, French, German, Standard arabic, Portuguese
✅ Trading Platform Tech Financials
✅ Minimum 1st Deposit $250
✅ Minimum Trade Amount $24
✅ Maximum Trade Amount $100,000
✅ Bonus 100% profit spread options
✅ Payout Upwards to 100%*
✅ Free Demo Business relationship Yes
✅ Regulated Yes
✅ Regulation CySec
✅ Account Types Platinum Business relationship, Gold Account, Standard Business relationship
✅ Deposit Methods Visa, Mastercard, Wire Transfe, Western Marriage, CashU Liberty Reserve, Skrill(MoneyBookers)
✅ Withdrawal Methods Credit Card, Electronic Payment, Wire Transfer, Skrill
✅ Trading Methods High/Low, Higher up/Below, Bear on/No Touch, High Yield Touch, Boundary, Loftier Yield Boundary, 60 2nd
✅ Number of Assets 110
✅ Expiry Times 30sec, 60sec, 2min, 5min, 15min, 30min, 1hr, 24hr, 1 calendar week
✅ Types of Assets Commodities, Currencies, Stocks, Indices
✅ Option Types High/Low, One Touch, Boundary, 60 second options
✅ Trading Currency GBP, CHF, USD, EUR
✅ Business relationship Currency USD, EUR, GB, JPY, CHF, RUB
✅ US Traders Allowed No
✅ Mobile Trading Yes
✅ Tablet Trading Yes
✅ Overall Score

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