24Option Review

24 option

Based in Cyprus, 24options is a binary options broker that is considered a strong favorite amongst many of today’s binary traders. This is highly due to the fact that it is a proactive broker which provides many different incentives to traders on a constant basis. It isn’t rare for traders with this platform to regularly discover it offering cash prizes for their trading competitions.

24 option’s trading platform is definitely one of the most innovative platforms in the industry. While the majority of online binary brokers rely on the leading 3rd party trading platform providers for a trade engine, 24option went on a different route by using a trade engine provided by Tech Financials. The ultimate result for traders is a special trading experience in a secured and safe trading environment.

24 Option Binary Trading

There are various different kinds of binary options trades that you’ll be allowed to make via 24Option, but below we’ve listed a few of their major kinds of trades that are easily accessible via their online platform.

– High Low Binary Options: Everybody who trades with binary options will at some point give this market place a try. When you’re placing these kinds of trades you will need to predict whether a certain asset is going to fall or rise in value at any given time point, and if you are correct then you will have conducted a returning trade.

– 1 Touch Binary Trading Options: The One Touch kind of Binary trading are probably one of the most interesting kinds of trades that you can possible make. When you choose any type of given asset, you’ll want that during the specific time period mentioned on your trade, that this asset’s price reaches the indicated price. The second it reaches this price, even if this eventually falls in value later, you will have conducted a returning trade.

– Boundary Binary Trading Options: This kind of Boundary Binary Options is only a prediction that a price on the present asset will drop within two distinct set amounts. If it ends within the 2 listed prices, then you will have conducted a returning trade.

– Early Closure Binary Options: You’ll often have the option to effectively lock in the guaranteed profit of winning when placing an Early Closure kind of trade, as you’ll often be provided the opportunity of closing the specific trade before expected in order to lock in the profit. However, when choosing this option you’ll receive only a portion of the winning payout.

24 Options Withdrawal and Deposit Options

With 24 Option, you can rest assured that when cashing out any amount from your personal account, you will receive your money very rapidly. In addition, in order to help everybody find an option of deposit that is easy to use according to one’s place of residence, they offer the following options of deposit: Credit Cards, Skrill, Wire Transfer, Western Union, and the 24Option Forex Currency Trading.

Payout Ratios

The rates of returns by 24 Options is one of the highest amongst the various brokers, with a maximum possible payout of 88% for their ‘in the money trades’. Trades of out of the money are entitled to a rebate reaching 15% of the invested amount.

Asset Index

With over 100 different kinds of underlying assets, the asset list provided by 24 Option has been regarded as one of the most comprehensive out there.

Customer Support

It has been known that 24 Option’s customer support is absolutely incredible. Their support comes in 17 different languages, with access being made via live chat, phone or email.

Reliability

  • Well-established broker
  • Licensed and regulated by CYSEC
  • A reputable broker
  • An Investment Compensation Fund Member

Pros

  • Dedicated customer service and support
  • Attractive variety of benefits and incentives
  • High cash prices via trading competitions
  • Multiple languages are supported
  • Secured trading platform
  • Wide markets coverage

Cons

  • The demo account requires a deposit of 250 dollars before granted access

Conclusion

We believe that there aren’t many binary options brokers out there that offer similar benefits and qualities like 24 Option. We highly recommend this to our readers, especially for beginners!