24Option Review

 

Broker Introduction

24Option is a property of Mika Holdings Inc. which is the same company that owns OptionFair. It began its operation during the late 2010 unlike its sister brokerage OptionFair. Despite its parent company being based in the British Virgin Islands, the corporate headquarter of 24Option is located in Cyprus. While some other binary options brokers are considered a scam, 24Option is a member of an elite list of reputable and highly respected brokers. It is regulated under the Cyprus Securities and Exchange Commission or CySec which means that money deposited by traders are safe with them.

The brokerage offers excellent customer service with 24/7 live chat support. However, due to EU regulations, U.S. residents can no longer open an account with 24Option.

General Platform Details

24Option’s trading platform is 100% web based and is considered to be the most advanced binary options trading platform in the industry today. For those who are fairly new to this type of trading instrument, an online trading platform can be more advantageous as it offers any trader the ability to conduct a trade from anywhere all around the world. There is no specialized software that you need to install. All you need in order to start is access to a computer and a reliable internet connection.

24Option’s platform is very secure and offers great user experience which in return provides its clients with a straight-forward, quick, and fun trading experience. Any trader can get the most from 24Option’s trading platform. If you own a smartphone and wish to trade even when on the go, 24Option’s online trading platform is mobile ready and compatible with most major smart phones. You can experience all the benefits of the 24Option platform and access charts, news and financial tools right in the palm of your hand.

24Option’s platform layout is not crowded and everything you need in order to begin trading is provided right in front of you so you don’t end up wasting time searching for various links. For complete beginners, at the bottom of the homepage, you can download a trading manual or watch a trading simulator to learn more about the concepts of binary options trading.

Trading Options

Once you are registered and signed in to your 24Option trading account, you can easily start a trade through the main page. Here, you can select between four binary options to invest on: High/Low, Boundary, One Touch, and 60 seconds trade. The pay-out offered will vary depending on the kind of trade you are making. They can range between 70% to over 85%.

Financial Details

For you to be able to start trading with 24Option, a trader must register for an account first through their website and make a minimum deposit of $250 or a local currency equivalent. Accepted payment methods are credit cards and bank wire transfers. When opening an account with 24Option, you will be prompt to select a currency. It is important to note that once you have selected a currency, there is no way to change it.

Withdrawals can easily be made through their user friendly website but there is a service fee for every subsequent withdrawal transactions in a month. With 24Option,there is no limit on how much amount you can withdraw. It can take 3 to 5 business days for your transaction to be completed.

Summary

Being a regulated binary options broker, 24Option is a reliable service provider. Since being established in 2010, the brokerage has not disappointed its client base. Its unique and smooth operating platform remains one of the best in the industry and their comprehensive underlying asset information makes trading a lot simpler and faster. Starting your journey in binary options trading with this professional broker is totally worth it.