24Option Broker Review
There is a huge and ever growing number of traders and future traders who are interested in what 24Option has to offer. This could be because of the high payouts this broker offers, or could simply be because of the solid online reputation 24Option has. Whatever the reason, traders need to know in advance what 24Option, or any other binary options broker has to offer prior to making their first deposit. The fact is that 24Option is one of the largest and most popular brokers reputed to have as many as 600,000 clients. When a broker is this large, liquidity is not an issue and you don’t have to worry about getting paid when you request a withdrawal. 24Option has been around since late 2009 and is currently EU regulated. The downside to EU regulation is of course the fact that 24Option can no longer accept US traders.
24Option like Boss Capital, is built on the TechFinancials trading platform. The interface provided by 24Option is indeed interesting with it’s tri-color tabbed design. New traders will find that it only takes a few minutes to master the navigation process, view upcoming trades and find the available selections. There are numerous language options made available (16 in all), and a mobile trading app and platform is offered by 24Option as well.
Within the platform(s) traders will find several trading instruments to choose from. The basic High/Low trade is offered, as are One Touch, Boundary, and the super-fast 60 Second trades. Along with these trading instruments are over 125 underlying assets. These come from the stock, commodity, currency, and indices categories.
As previously mentioned, 24Option offers some of the best payout rates in the binary options industry. On standard trades, traders can earn as much as 87%. On high-yield trades, this amount jumps to over 300%. Even the lower payouts are excellent, hovering around 70%. 24Option also offers refunds of up to 2% of losing trades.
24Option Support & Security
Client support is offered in many different languages and is available at all hours. 24Option reps can be contacted via phone, online chat, or email. We appreciated the fact that the response times were minimal and each rep we spoke to was helpful. The site is very well secured and all transactions are SSL encrypted so you can be sure sensitive personal data is safe.
24Option Deposits & Withdrawals
Anyone can create a free account with 24Option but an initial deposit of $250 or more is required in order to start trading. This broker does provide numerous banking methods to choose from such as credit cards, bank transfers, and online payments from Skrill or Liberty Reserve. Note that the lowest possible deposit on bank wire is $1,000. 24Option additionally works with several different currencies, including USD, GBP, EUR, and the Yen. The minimum invest amount is $24, so keep this in mind when making deposit amount decisions.
When you are ready to withdraw some of your profits, 24Option will give you one fee free withdrawal. After this, standard account holders will need to pay nominal fees based upon the chosen withdrawal method. This broker only has a minimum withdrawal amount in place for bank wire and that would be $100. Higher level account holders will be given free withdrawals, with Gold members receiving one per month and Platinum members never paying fees on withdrawals. Anyone can obtain one of these higher level accounts with 24Option, as they are simply based upon deposit amounts.
The first thing that many question when searching broker reviews is whether or not the broker is involved with binary options scams of any form. 24Option has actually been in operation for quite a number of years now, which is an excellent sign. We found no indications of any scam or fraud, only the typical complaints of a few traders. There is nothing to fear in regard to 24Option and no reason to consider them anything but trustworthy.
When it comes to education, 24Option offers a wide array of binary options training tools such as videos, webinars, virtual tours, a full education center, and much, much more.
All things considered, it is hard to imagine that any trader would not completely enjoy teaming up with 24Option to trade binary options. This broker is solid in what they deliver and are completely reliable. 24Option should be on the short list for anyone seeking a broker at this time.