Founded in 2009, 24Option was one of the first brokers on the market. They are licensed under the Cypress Securities and Exchange Commission (CySEC) under the license number 207/13, as well as being regulated in the UK and Germany.
They have since managed to establish themselves as the best and most reputable broker. Their platform is user friendly and suitable for both beginners and more advanced investors. If you’re a beginner in trading binary options, 24options is the best broker for you. Their training has a generous selection of video tutorials, webinars, market analysis, news and much more. In addition, you have access to test play with a demo account before you run off and start trading for real.
24Option has a user friendly and aesthetically pleasing platform. They also have a wide range of training materials, where you can learn more about the platform. You will easily find the type of binary option you’re looking for, and the design is user-friendly so that it’s easy to find the maturity and returns.
24Option offers a good selection of different types of binary options for trading. They have 130 + (11 commodities, 34 currencies, 24 stock market indexes, 58 shares) financial instruments to choose from.
Types of binary options at 24Option:
High/Low High/Low options. Based on a wide range of different assets, you can invest in whether a particular asset will rise or fall in price. If you invest correctly, you will be paid a predetermined percentage return, and if you invest incorrectly, you lose the whole bet. Also known as all or nothing options.
Short term Short term are regular binary options, but the market development time is shorter. 24Options offers time frames of 30 seconds, 60 seconds, 2 minutes and 5 minutes.
One touch Binary options where you invest in whether an asset will reach a particular market value before time runs out. This type of binary option comes in a standard version and in a version called High Yield Touch that is more risky but can give really high returns if you invest correctly.
BoundaryBoundary is an option form which has an upper and lower price limit, and you have to try to predict whether the asset’s market price will end up between these two at the deadline. This type of binary options even come with a High Yield Boundary variant where you have higher risk but also higher returns.
Examples of various assets at 24Option:
Commodities: Gold, Copper, Oil, Coffee, Sugar
Currencies: EUR/USD, GBP/USD, EUR/JPY, EUR/GBP, AUD/USD
Stock indexes: Dow Jones, Nasdaq Composite, IBEX- 35, CAC, Nikkei 225
Stocks: Coca-Cola, Amazon, Samsung, Google, Nike
24Option provide all customers holding a real account a deposit bonus. The bonus amount depends on how much you deposit. Wagering requirements on 24Option’s bonuses are 30-50%. This might seem pretty high, but you can also win big when trading binary options.
- Deposit €500 – 999 and get a 30% bonus, wagering requirement x 30
- Deposit €1000 – 2499 and get a 50% bonus, wagering requirement x 50
- Deposit €2500 – 4999 and get a 75% bonus, wagering requirement x 50
- Deposit €5000 + and get a 100% bonus, wagering requirement x 50
COMPETITIONS AND TOURNAMENTS
Here you compete with other investors to get the best results, and you can win up to €24,000 and other great prizes. You follow the progress with excitement at the 24Options scoreboard, and this can be seen as a kind of bonus or incentive for you as an investor.
DEMO ACCOUNT AND ACCOUNT OPTIONS
24Option is one of the few brokers that offer new customers a demo account. A demo account is great for those who are beginners when it comes to trading in binary options. However, you must make an initial deposit before you have access to your demo account. We can really recommend this as it is a perfect way to get familiarized with the platform in peace and quiet, before you start investing money for real.
Once you’re ready to start trading in real money, there are five different accounts to choose from. The difference is essentially the personal support you receive and what tools you can use. The accounts are divided into Basic, Silver, Gold, Platinum and Diamond.
24Option offers a very good mobile app that you can download and it lets you trade binary options in real time. The app can be used with all mobile devices such as phones and tablets, with iOS, Android or Windows Phone. The 24Option app is found at iStore and Google Play. Handy for those who want to use a mobile device, and secure because you always have immediate access to the markets, so you’ll never miss a great investment.
DEPOSITS AND WITHDRAWALS
When you register as a new customer at 24Option you need to provide ID and proof of your physical address. A bill usually works well. Once your account is approved and you have deposited €250 (minimum deposit), you are ready to start trading with your demo account or with real money.
The first withdrawal from 24Option is free; later the fee will depend on the type of account you have. There is no minimum withdrawal amount to credit cards, Skrill or Neteller. In contrast, for bank transfers, the minimum amount is €50. The withdrawal will occur within three working days of your request.
24Option offers a very professional customer service in English around the clock. You can reach them by phone, email or live chat. Live chat is often the best and fastest way to get answers to your questions. If you have any concerns or questions while you trade, customer service is just a click away.
24Option is a reputable broker for serious investors, whether one is a beginner or a professional. Their training, news and analysis make it possible to stay well informed and updated. The fact that they are licensed and recognized in the market also makes 24Option a secure and reliable platform. The only thing that pulls down the rating is the minimum deposit of €250, which is a bit too high. The same applies to the wagering requirement of 50 times. Aside from this, 24Option is one of the best brokers, and one we highly recommend.