24Option Review

24Option
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Overview

24option Review 24Option is a new binary options trading platform established in 2010. The said website is owned by Mika Holdings Inc., the same company behind the popular trading platform… more

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Details

Broker 24Option
Website URL https://www.24option.com
Founded 2010
Headquarters London, U.K
Support Number +44 161 960 0200
Support Types Live Chat, Telephone, Fax, Email
Languages English , Español , Deutsch , Français , العربية , Dansk , Indonesia , Italiano , 日本語 , 한국어 , Latviešu , Português , Română , Русский , Svenska , Türkçe
Trading Platform Web-Based
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $24
Maximum Trade Amount $15,000
Bonus Up To 100% Bonus
Payout up to 89%
Free Demo Account No
Regulated Yes
Regulation Pending European
Deposit Methods Credit Cards , MoneyBookers , Wire Transfer , MoneyGram , Liberty Reserve , Western Union , Cash U
Types of Assets Forex, Commodities, Stocks, Indices
Option Types High/Low, One Touch, Boundary, Short Term (60 Second) Options
US Traders Allowed No
Overall Score 9

Full Review

24option Review

24Option is a new binary options trading platform established in 2010. The said website is owned by Mika Holdings Inc., the same company behind the popular trading platform called OptionFair. Its headquarters is located in London, U.K. but its holding company, which is Mika Holdings Inc., is situated in the British Virgin Islands.

In this 24Option review, we are going to determine what sets this trading platform apart from its competitors and if it is worthy of your time and most importantly, your money.

Platform Design

When it comes to the design of the 24option trading platform, it is very identical to OptionFair, however, it is far more professional. In addition, it is not very crowded. Everything that a user or trader needs is in the homepage. For instance, the prices of the assets are conveniently located at the bottom of the homepage for traders to immediately see. Aside from that, important trading features such as expiration time, asset type, rate of return and so much more can be viewed in a single page.

On the other hand, what makes 24Option disadvantageous is that it does not provide instant access to charts. In order for you to view a chart, you need to open an asset type. This is one feature that separates 24Option from OptionFair.

When it comes to the trading itself, the 24Option platform is very is to use. All you need to do is choose an underlying asset, determine which instrument type you want to use, select the direction in which you think the prices of the assets will go, and decide on the amount of money you want to trade. Novice traders will greatly benefit from the easy-to-use platform of 24Option. It can tremendously simplify trading transactions that would have been otherwise complicated for beginners. Aside from that, 24Option has a very tempting promotional offer. If you make a minimum deposit of $10,000, you can get the chance to win a free iPad.

24Option is completely web-based. This simply means that you can trade anytime and anywhere you want to regardless of your time zone and geographical location. As long as you have a computer with Internet connectivity, you can login to your 24Option account and then trade. Moreover, 24Option has a guide, which you can download freely. Novice traders can immediately learn the basics of binary options trading by reading this free manual. Aside from that, it also offers a trading simulator that exposes new traders to how binary options trading works.

Percentage of Returns

24Option provides various payout percentages, which range between 70% to 85%. However, you can easily determine how much your actual return is going to be because the platform will display an estimated amount of how much money you will receive at the end of the trade. Aside from that, 24Option provides a financial safety net for its traders. Traders who are not successful with their trades can recover a small percentage—15% to be exact—of the total amount of money they have invested.

Diversity of Assets

When it comes to the assets, 24Option has a diverse collection of items in its list.
For currencies, it has twelve in its assets list:

American Dollar—New Turkish Lira
Swiss Franc—American Dollar
Euro—Turkish Lira
USD—Canadian Dollar
Australian Dollar—USD
Euro—Pound
Pound—Euro
Pound—Japanese Yen
Dollar—Japanese Yen
Euro—Japanese Yen
Pound—Dollar
Euro—Dollar

For stocks, it has the following:

France-Telecom
British Petroleum PLC
Vodafone
Societe Generale
Telefonica SA
Google
Apple
Barclays
Lloyds

These are the choices offered by 24Option for indices.

SMI Future
IBEX-35
CAC 40 Future
Dow Jones
FTSE-100
MIB-40 Future
Nikkei 225
S&P 500
Nasdaq Composite
DAX-30

Finally, for commodities, 24Option has the following selections:

Oil
Gold
Silver

Customer Support

24Option has an excellent, comprehensive customer service. Covering 9 different languages, 24Option provides timely support to its multi-national customers. Some of the languages covered by 24Option’s customer service include but are not limited to the following: Romanian, English, Spanish, Italian, French, Turkish, and Japanese.

24Option’s live chat feature makes it possible for novice traders to gain instant access to expert advice from the said trading platform’s support team. Trading can be difficult, confusing and, to some degree, scary for beginners. That is why it is essential for them to be guided by experts during their first few trades. With 24Option’s excellent customer support team, novice traders will receive the support they need to carry out successful trades.

24option Review – Reliability of Withdrawal

When it comes to the withdrawal of profits, 24Option is highly reliable. You have two options in regards to withdrawing your profits. You can either opt for wire transfer or credit card. However, you should keep in mind that your first withdrawal may take some time. This is because your account needs to undergo a verification process. But once this verification process is completed, you can easily withdraw your profits and receive them in a couple of days. Also, 24Option has a one free withdrawal feature in a given month. If you wish to withdraw your profits after this one free withdrawal, you will need to pay $30 as service fee.

The Pros and Cons in a Nutshell

What makes 24Option such a desirable trading platform to use is that it has a simple yet very professional structure and it is very user-friendly. Aside from that, it also offer high percentage returns. You can receive as much as 85% at the end of your trades. Also, it has an excellent and comprehensive customer support team.

However, 24Option also has some cons that you need to consider before deciding to sign upsd. First of all, it has a high service fee. You need to pay $30 for succeeding withdrawals after your one-free withdrawal. Second, although it has diverse selections in its assets list, it is not that comprehensive compared to the options offered by other binary options trading websites.

In conclusion, 24Option is a good binary options trading platform. Its high return percentage makes it desirable to novice and even veteran options traders. With a professional, simple, and easy-to-use platform and excellent customer support, 24Option is far more superior compared to some of its competitors.

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