24option Bonus Review

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Contents

24option Review

Overview

The 24option cooperates only with banks authorised and regulated by EU member states and that are highly rated by credit rating agencies. The 24option is a CySEC regulated broker operating under license number 207/13

Details

Broker 24option
Website URL www.24option.com
Founded 2020
Headquarters 39 KOLONAKIOU ST., AYIOS ANTHANASIOS, CY-4103 LIMASSOL, CYPRUS
Support Number +357 25 262063
Support Types Live Chat, Phone, Contact Form, E-mail
Languages English, Italian, German, French, Russian, Spanish, Portuguese, Arabic, Japanese, Swedish, Danish, Dutch, Finnish, Norwegian
Trading Platform Tech Finacials
Minimum 1st Deposit $250
Minimum Trade Amount $24
Bonus BONUS UP TO 100%
Payout Up to 88%
Free Demo Account Open Demo
Regulated
Regulation CySEC (Cyprus) № 207/13
Commission Info No
Account Types Standart, Beginners, Gold, Platinum, Diamond, Islamic
Deposit Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
Withdrawal Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
Number of Assets 130+
Expiry Times 60sec, 2minutes, 5minutes
Option Types High/Low, One Touch, Boundary, Short Term
Account Currency EUR, USD, GBP, RUB, TRY, CNY, JPY, CHF
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.8/10

Full Review

The 24option began operations in 2020, and was one of the first brokers in the market. Since then, many new tools have been designed and introduced to simplify and improve trade sessions for users.

When starting to work with 24option, you will first be able to open a demo account to practice. This will greatly reduce the chances of losing your money as a result of inexperience. There is also a 24option Education Center, which can bring you lots of benefits in learning the rules of trade.

In addition, you will be offered one-to-one training with an expert. Clients of 24option receive a chance for permanent contact with a financial adviser through a live chat, email or telephone to discuss potential profits and different strategies. We believe that this is a great advantage for all traders, even experienced ones.

One of the main advantages is that the 24option broker is regulated by CySEC and follows all regulatory rules (Cyprus Securities and Exchange Commission), to ensure safe and secure trading.

Deposit and withdrawals

A good sign is that the amount of money you can earn is not limited! There are brokers who will not allow you to withdraw all your profits if the profit is too large. This fact can create a lot of trouble and cause anxiety among traders. The 24option refrains from doing this, allowing applications for withdrawals, so the traders can get their money as quickly as possible. The customers receive a payout within 3-5 working days (or within 1 day if you have a VIP account). In order to withdraw funds, you can use credit/debit cards, Moneybookers, bank transfers, Neteller, Qiwi, Webmoney and a number of other payment systems, which are represented in the image below.

You should keep in mind that the 24option allows 1 free withdrawal per month; if you withdraw money more often, a commission is applied. The commission depends on the account level you have reached. For the platinum accounts, no commission will be charged for withdrawal of funds.

Owners of regular and gold accounts only get 1 withdrawal free of charge per the calendar month.

Complaints about 24option

Our team searched the information on the Internet for any complaints, and we found some negative comments, but it seems to be the manipulation of competitors; the criticism that has been objective has been resolved by the company in a positive way.

On several forums, some customers complained that they did not receive the approval of a withdrawal and waited a week. We do not believe this because, firstly, their problems have been successfully resolved by the broker, and secondly, in the «Terms and Conditions» section, you can find the dates within which the broker must meet its obligations and how long it takes to perform the procedure.

If we find complaints about 24option, we will post it on social media. Follow us to be well informed:

The 24option is a scam? The 24option is currently one of the most law-abiding of brokers on the market. It has been regulated by the Cyprus Commission for the Securities and Exchange Commission (CySEC).

Regulator

The 24option was one of the first brokers that received a license from the financial regulator. Trading with a regulated broker provides a high level of service and protection to clients. Being regulated by CySEC (Cyprus Securities Commission and Exchange Commission), the 24option has a so-called «EC passport» to provide services within the European Union in accordance with MiFID (EU Directive «About Markets in Financial Instruments»). Thus, the 24option is one of the safest brokers for European traders.

Bonuses

If you were not registered earlier and just opened an account for the first time, you can earn a bonus. The amount of the bonus varies depending on the type of account you open. It is usually 30% of the initial deposit but can reach up to 100%.

We recommend you to follow the news: the 24option often announces information on additional bonuses or prizes. For example, a current bonus gift is a MacBook. They also hold many other trading contests with real prizes. If you decide to take a bonus from 24option, you should carefully read the terms for the use of the bonus, because every broker has certain conditions that must be followed by traders.

Summary

A final summary on 24option broker. All in all, the 24option is one of the leading brokers on the market. The company has more than 6 years of experience as a broker, and every year they increase the number of services and bonuses offered to their customers. The minimum deposit is only $250, and the minimum bet size is $24. They also offer free trading signals which can be used on the trading platform.

The broker has a large section devoted to education, with free e-books and many videos. Most importantly, the broker is regulated by CySEC, so you can enjoy a safe and secure trade.

Conclusion

In summary, we can say that the 24option is a regulated, 100% reliable and safe binary options broker. The company is fully compliant with the high level of service standards set by the EU. The minimum deposit amount is only $250, making it easy to start trading.The 24option takes first place in brokers ranking at FraudBroker.com and is the best choice for European, Arabian and Asian traders.

Reviews

I have been trading at 24Option for over a year. The platform is quite excellent, I have a few things to warn you about – Upon the registration, you must enter your real personal data for the future verification for further profit withdrawals. Also, read their bonus policy for problem-free obtaining. Overall, a good, safe broker, I would recommend it personally. Thanks. Marc.

Why most of you keep losing to your trade brokers is because you don’t make use of any strategy in trading binary, Note binary has gone beyond all that trading without a strategy, no broker account would want you to make profit while they are losing… so it the other way round you lose while they win, have been trading for over two years now and it has been a very different dimension for me because i have been trading with a very new strategy that has been able to lift my trades accurately giving me wins of about 7-8 daily…it no fluke have been able to help enough people raise up there investment with enough proofs to show you, my one to one masterclass strategy would save you years of time wasting and funds wasting if only you are prepared to learn binary trade is one thing i have come to understand ,it’s all about you having a nice broker, using the rite strategy and above all knowing how to read the trend and if you need assistance on how to make withdrawal from your account easily even when bonus was giving to you or recover the money you have lost email me at [email protected]

Here is a list of issues I have had with 24Options:
Impossible to try the demo account without putting in a £400 deposit, basically tying me up to 24Options even though I hadn’t tried the platform yet to check it would meet my expectations and requirements, as in others I tried in the past.
I didn’t use the account for a while and then realised I had been charged a withdrawal fee of about £50, although I had not been notified, as per section 2, Inactivity Fees’ paragraph in their General Fees Terms and Conditions. I am not entirely sure exactly how much I was charged as this sum doesn’t figure on the account banking history.
The dormant fee was withdrawn a second time and still with no notification, although this time, it did figure in the account history.
The General Fees T&Cs specify the dormant fee will be applied if there are no transactions on the account. I did use the demo account and therefore assumed that it would be classified as transactions. If that wasn’t the case, this should have been made clear in the T&Cs.
Online customer service is very slow and abrupt: the guy I was chatting with suddenly closed the chat saying he had to go, even though I wasn’t finished with my questions.

100% SCAM. STAY AWAY FROM THEM, I repeat STAY AWAY FROM THEM. All they want is your money once they get it, they’ll be done with you.

24Option.com Review – Can You Trust Them?

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Last Updated on November 30, 2020

WARNING: We do not recommend 24Option.com. This is due to a history of fines and sanctions in various countries. Please consider one of the alternative CFD brokers below.

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Overview

Risk Warning: Your Capital is at Risk

24Option.com is a multi-asset online platform for Contracts for Difference (CFDs) trading. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. 24Option.com customers can trade CFDs on stocks, indices, forex, cryptocurrencies and commodities.

24Option.com traders have access to both the company’s proprietary web-based trading platform and the more advanced MT4 trading platform.

Please remember that trading CFDs exposes traders to the possibility of losses, which can exceed deposits. CFD trading is for experienced traders.

This 24Option.com review will cover all of the important details about the broker and discuss its major advantages and disadvantages.

24Option.com – Essential Information

www.24option.com Overview Web-based trading platform with access to financial markets Our Overall Rating Broker Trust Rating 10/100 Founded 2009 Number of Customers 100,000+ Product CFDs Markets Stocks
Indices
Forex
Cryptocurrencies
Commodities Countries Served 30 (Full list below) Minimum Deposit Minimum deposit varies according to 24Option.com account type Fees 24Option.com has different fee structures depending on account use (See below) Regulator(s) Cyprus Securities Exchange (CySEC) and International Financial Services Commission (IFSC) Customer Support 24/5 customer support in 19 countries Awards Forex Magnates 2020 and EGR Operator Awards Winner 2020 Demo Account Yes

Background

24Option.com is operated by Rodeler Limited, a Cyprus Investment Firm. The company also owns the 24FX brand in its portfolio.

Rodeler Limited has an office in Limmasol, Cyprus and is authorized and regulated by the Cyprus Securities and Exchange Commission (License Number 207/13) since July 11, 2020.

The MiFID Directive provides a passport, which allows the entity to operate throughout the European Union. 24Option.com is also duly registered with the competent regulatory authorities in each of the EU countries in which it operates.

Richfield Capital Limited belongs to the same group of companies as Rodeler Limited and shares the 24Option brand. The International Financial Services Commission (IFSC) of Belize regulates Richfield Capital (License Number IFSC/60/440/TS/17.

24Option.com offers customers dedicated 24/5 customer support in 19 countries. Traders can contact 24Option.com customer service by phone, email, web contact form or live chat. Traders can view the 24Option.com website in 12 languages.

Where Does 24Option.com Operate?

24Option.com is available in the following countries:

  1. Austria
  2. Bulgaria
  3. Croatia
  4. Cyprus
  5. Czech Republic
  6. Denmark
  7. Estonia
  8. Finland
  9. France
  10. Germany
  11. Greece
  12. Hungary
  13. Iceland
  14. Ireland
  15. Italy
  16. Latvia
  17. Liechtenstein
  18. Lithuania
  19. Luxembourg
  20. Malta
  21. Norway
  22. Poland
  23. Portugal
  24. Romania
  25. Slovakia
  26. Slovenia
  27. Spain
  28. Sweden
  29. The Netherlands
  30. United Kingdom

IMPORTANT: CFDs are not available in the USA due to local regulation, and this regulated CFD broker does not accept US citizens or US residents as clients.

  1. English
  2. French
  3. German
  4. Italian
  5. Spanish
  6. Russian
  7. Arabic
  8. Portuguese
  9. Swedish
  10. Dutch
  11. Norwegian
  12. Polish

Can I Trust 24Option.com?

24Option.com is regulated in multiple jurisdictions the Cyprus Securities Exchange (CySEC) and the International Financial Services Commission (IFSC) of Belize.

However, the company has a recent history of fines and sanctions from some of the leading international regulatory agencies.

On January 27, 2020, CySEC fined Rodeler Ltd. a total of €156,000 for multiple violations:

Violation Fine Amount
Non-compliance with Section 28(1) of the Cyprus Investment Firms law:
  • Rodeler Ltd. failed to keep adequate and organized records for assessing the suitability of its clients and advertising material
  • The company also failed to keep adequate records of client complaints and the measures taken to resolve those
  • €10,000
    Failure to take reasonable measures to avoid any unjustified aggravation of the operational risk in the outsourcing of activities or business operations to third parties. €20,000
    Failure to adhere to the interests of clients when providing bonus promotions €60,000
    Failure to inform potential clients about the nature of inherent risks associated with trading binary options €15,000
    Failure to assess the eligibility of its clients to engage in investment activities. €40,000
    Lack of ability of the company’s systems and procedures to adequately identify clients €10,000
    Lack of compliance controls €1,000

    On August 1, 2020, Autorité des Marchés Financiers (AMF), France’s securities authority, banned 24Option from operating in France. AMF lifted the ban in June 2020.

    24Option.com is regulated by two regulatory bodies:

    Regulator Countries Covered Protections Offered Additional Protections Offered
    Cyprus Securities Exchange (CySEC) Austria, Belgium**, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France**, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, The Netherlands, United Kingdom

    CySEC also offers a provision of services to certain countries outside of the EU.

    ** Although CySEC covers the above countries, Rodeler does not provide services to France and Belgium. All client funds are held in a segregated client bank account The Investor Compensation Fund may provide up to €20,000 if 24Option.com fails. International Financial Services Commission (IFSC) Belize

    The Cyprus Securities and Exchange Commission (CySEC) is the financial regulatory agency of Cyprus.

    Cyprus is a European Union member and is a financial services industry hub. Customers in countries regulated by CySEC are eligible for compensation of up to €20,000 if 24Option.com fails.

    International Financial Services Commission (IFSC): This regulatory body has the power to license international financial service providers, develop a statutory code of conduct and ensure compliance with internationally-accepted best practices.

    Who Runs 24Option.com?

    Rodeler Limited, the company that owns the trading name 24Option.com, is a privately held company.

    • Harris Georgakis – Executive Director
    • Demetrios Leontis – Director
    • Ioannis Ashiotis – Director
    • Michael Christoforou – Director
    • Petros Hadjikyriacou – Director

    24Option.com Trading Products

    24Option.com offers its customers financial instruments to trade that span five categories: stocks, indices, forex, cryptocurrencies and commodities.

    1) Stocks

    24Option.com offers its customers shares trading in over 100 of the leading companies in the United States, Europe and Asia.

    2) Indices

    24Option.com offers CFD trading on the following commodity and country indices:

    • TADAWUL
    • USO
    • UCO
    • TA35
    • OMXS30
    • DOW
    • S&P500
    • DAX
    • FTSE
    • MIB
    • EURO STOXX 50
    • NASDAQ
    • ASX
    • JSE
    • US INDEX
    • CAC 40
    • IBEX
    • NIFTY
    • H-SHARES
    • HANG SENG
    • NIKKEI

    3) Forex

    24Option.com offers trading on major, minor and exotic pairs:

    • EUR / USD
    • GBP / USD
    • USD / JPY
    • USD / CHF
    • USD / CAD
    • AUD / USD
    • NZD / USD
    • EUR / GBP
    • EUR / CHF
    • EUR / JPY
    • AUD / CHF
    • AUD / CAD
    • AUD / JPY
    • AUD / NZD
    • CHF / JPY
    • CAD / CHF
    • CAD / JPY
    • EUR / AUD
    • EUR / NZD
    • EUR / CAD
    • GBP / AUD
    • GBP / CAD
    • GBP / CHF
    • GBP / JPY
    • GBP / NZD
    • NZD / CAD
    • NZD / CHF
    • NZD / JPY
    • EUR / DKK
    • EUR / HUF
    • EUR / NOK
    • EUR / PLN
    • EUR / TRY
    • USD / DKK
    • USD / HKD
    • USD / HUF
    • USD / MXN
    • EUR / SEK
    • USD / NOK
    • USD / PLN
    • USD / RUB
    • USD / SEK
    • USD / SGD
    • USD / TRY
    • USD / ZAR
    • USD / INR

    4) Cryptocurrencies

    24Option.com offers trading in nine cryptocurrencies against USD, EUR and GBP:

    Cryptocurrency Currency Traded Against
    Bitcoin USD, EUR, GBP
    Litecoin USD, EUR, GBP
    Dash USD, EUR, GBP
    Ethereum USD, EUR, GBP
    XRP USD, EUR, GBP
    Bitcoin Cash USD, EUR, GBP
    Ethereum Classic USD, EUR, GBP
    Bitcoin Gold USD
    Monero (XMR) USD

    5) Commodities

    24Option.com offers trading in CFDs based on the following commodities:

    1. Cocoa
    2. Corn
    3. Wheat
    4. Coffee
    5. Soybean
    6. Palladium
    7. WTI Crude Oil
    8. Natural Gas
    9. Gasoline
    10. Brent Crude
    11. Sugar
    12. Platinum
    13. Copper
    14. Cotton
    15. Frozen Concentrated Orange Juice (FCOJ)

    24Option.com Account Types

    24Option.com offers four types of live trading accounts as well as a demo account. When you sign up for an account, the system defaults to a Basic Account, but traders can contact customer support about upgrading.

    After you select an account, 24Option.com asks you to complete the registration and get a €100,000 demo account:

    Basic Silver Gold Platinum
    Platform introduction Platform introduction Platform introduction Platform introduction
    Dedicated account manager Risk management explanation Risk management explanation Risk management explanation
    Webinars and seminars Dedicated account manager Dedicated account manager Dedicated account manager
    Financial market introduction Webinars and seminars Webinars and seminars Webinars and seminars
    Demo account 100K Financial market introduction Financial market introduction Financial market introduction
    Daily market brief Demo account 100K Demo account 100K Demo account 100K
    Daily market brief Daily market brief Daily market brief
    Sentimental, fundamental, technical analysis one on one tutorial One on one MT4 course One on one MT4 course
    Short, medium, long term explanation of common trading strategies Sentimental, fundamental, technical analysis one on one tutorial Sentimental, fundamental, technical analysis one on one tutorial
    No maintenance fees Short, medium, long term explanation of common trading strategies Short, medium, long term explanation of common trading strategies
    Max lot No maintenance fees No maintenance fees
    Max lot Max lot
    Trading central Trading central
    Free withdrawal Spreads
    Free withdrawal

    The 24Option.com document Rodeler Limited – Client Agreement notes that the company may offer different types of Trading Accounts from time to time and that the features and characteristics of these accounts (such as spreads, fees and charges) may change. The company can alter the characteristics and features at any time. The website does not list minimum deposits required to open the above accounts. 24Option.com asks that traders contact a Customer Support professional to receive details about each type of account.

    24Option.com Spreads and Fees

    The Rodeler Limited – Client Agreement notes that all CFDs and Forex trades have spreads that appear on the trading platform. This agreement also notes that 24Option.com has the right to amend these spreads at its discretion from time to time. The broker notes that any such amendments will show up on the trading platform or the website.

    24Option.com also notes that the type of trading account the trader hold can affect the spreads offered for a particular financial instrument. Traders are encouraged to speak to Customer Support for details about the features of each account.

    The trading platform provides a spread for each financial instrument. However, the website does not list minimum spreads for each instrument the way many other forex and CFD brokers do.

    24Option.com obtains its market data from reputable third-party sources, which obtain the data directly from exchange feeds. 24Option.com receives its compensation through the market bid/ask spread.

    24Option.com lists other relevant fees for 24Option.com clients on its website.

    Commission Fees: 24Option.com DOES NOT charge commissions to clients. Rather, the company receives its compensation through the (bid/ask) spread on each financial instrument.

    Deposit Fees: The broker DOES NOT charge deposit fees to clients.

    Withdrawal Fees: 24Option.com does charge withdrawal fees to clients. Please see the 24Option.com Withdrawals section below for details on these fees.

    Financing Fees: The broker DOES NOT charge financing fees to clients.

    Dormancy Fees: If a Trading Account is inactive for three months or more, 24Option.com reserves the right to charge a monthly account maintenance fee.

    The exact fee schedule is calculated according to the currency denomination of the Trading Account:

    • 85 EUR
    • 85 USD
    • 85 GBP
    • 10,400 JPY
    • 250 TRY
    • 90 CHF
    • 550 CNY
    • 5,750 RUB

    The company reserves the right to change these dormancy fees and will notify clients if it does so.

    Account Requirements

    24Option.com serves clients across Europe and the world. The system will default to your country of origin when you go to open an account. Before you can trade with 24Option.com for the first time, you need to answer a few questions.

    After entering some basic information (name, email and phone number), the system guides you through a series of multiple-choice questions about your trading and educational background.

    After completing this information, traders have to complete two more steps:

    1. Complete the 24Option.com verification process
    2. Fund their account with a deposit

    To pass the broker’s identity verification, you will need to upload both an ID and proof of identity document. Completing the verification process may take additional time, so traders should not expect to trade immediately. However, traders can make deposits prior to this approval, and 24Option.com will hold the deposit. The 24Option Verification Center asks traders to upload the following documents:

    Document Commentary
    Proof Of Identity

    (24Option.com requires copies of both sides of the Passport or other document if there are details on both sides). 24Option.com also lists the following acceptable documents in its verification center:

  • Driver’s license (front and back)
  • Identity Card (front and back) Proof of Residence Copies of the following bills are acceptable:
  • Electricity
  • Gas
  • Phone/Internet
  • Water
  • Home Phone
  • Other Relevant Bills Credit Card The broker requires copies of the front and back.

    Traders can upload the verification documents on a mobile phone.

    Traders can make deposits by a credit card, OKPAY, Neteller, Skrill, Perfect Money, Alternative Methods (PAYSAFECARD) or wire transfer.

    To deposit money, traders click on the Deposit tab after opening an account. Traders then select the deposit method of their choice, fill in the required information and click the yellow “Submit” button. 24Option.com doesn’t list minimum deposit amounts on the site.

    According to the Rodeler Limited – Client Agreement, 24Option.com has different maximum leverages that apply for individual products and individual traders (depending on their knowledge and experience level). Traders should consult this document for specific product leverage allowances. Some leverage allowances also vary by country.

    The client agreement also notes that each CFD and type of account also has specific 24Option.com margin requirements that traders must maintain. Traders who fall below the 24Option.com margin requirements risk receiving a margin call and having their position closed prematurely. The broker advises that traders can get updated margin requirements by logging on to the platform or by calling Customer Support.

    24Option.com Withdrawal

    To withdraw funds from your 24Option.com account, you need to submit a withdrawal request through the menu option on the main screen. Once your withdrawal request is approved, 24Option.com processes it and sends it to your preferred destination.

    To make a withdrawal, the customer must first verify the account by providing a copy of a government-issued identification such as a passport or driver’s license, proof of residence (such as a utility bill) and a copy of both sides of their credit card if they choose to receive the withdrawal by credit card. Each time customers select a new payment method, they have to repeat this process.

    24Option.com processes withdrawal requests during normal Cyprus business hours. The website notes that it doesn’t normally charge a fee on the first withdrawal and that Gold and Platinum members receive discounts on withdrawal fees. 24Option.com asks customers to visit the VIP accounts page or contact their account manager for more details.

    The following fees apply for most withdrawals:

    Method Fees
    Credit Card 3.5%
    Wire Transfer 300 JPY
    20 CHF
    30 USD
    24 EUR
    1,800 RUB
    183 CNY
    20 GBP
    Ewallets:
  • Neteller / OKPAY / Qiwi
  • Perfect Money / Moneybookers (Skrill)
  • Webmoney
  • 3.5%
    2.0%
    0.9%

    These fees seem excessive given that many CFD brokers don’t charge withdrawal fees.

    24Option.com Platform Review

    This review will cover the 24Option.com web-based proprietary trading platform. Traders also have the option of downloading the MT4 platform that has become standard with many sophisticated online brokers.

    Keep in mind that MT4 offers traders a lot more bells and whistles than the in-house platform including access to dozens of technical indicators for charting and analyzing technical trading levels. However, the proprietary 24Option.com platform has some appealing features to recommend it.

    The platform’s black background and green and red color scheme is both visually appealing and useful for trading. Traders can use the directionally- coded colors to easily spot which instruments are moving up and which are headed lower.

    One of the first things most traders will notice is the prominent buy and sell buttons in the middle of the screen.

    The ticket is great for new traders because of its highly intuitive features. Traders can adjust quantities on trades through the arrows next to the volume button. The ticket also has some other features that can help a new trader develop the discipline needed to be successful:

    Open Trade When Reach: Traders can set levels for when they want 24Option.com to execute their trade. This can help new traders who may be overwhelmed following and keeping track of the price action on multiple instruments.

    Close at Profit and Close at Loss: Traders can set stop/loss and/or take profit levels for trades. Again, this feature is great for market newcomers. It prevents traders from letting a trade get away from them and creating an unintended result.

    The 24Option.com platform offers adequate but underwhelming chart capabilities. For beginners, it may suffice, but more advanced traders will find the simplicity and limitations of the charting features to be lacking:

    Traders can pull up charts on multiple time frames in candlestick, line or OHLC (Open, high, low, close) formats. However, there is virtually no advanced charting analytics available with this system. Of course, more advanced traders are likely to download MT4 if they sign up with 24Option.com.

    The platform offers many of the standard features for tracking open and closed positions. Traders can use the windows in the panel at the bottom of the screen to track their orders:

    The platform provides complete and thorough data for the trader to track open trades. Traders can see stop/loss levels, profits and times traders were entered and executed. Other tabs allow the trader to set alerts and follow key market events through the economic calendar tab:

    Best Binary Options Brokers 2020:
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      Free Demo Account!
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    Overall, the 24Option.com proprietary platform is an adequate, visually appealing and intuitive system for beginner and intermediate traders. The system complements the more sophisticated offering of MT4.

    24Option Demo Account

    Traders can easily toggle back and forth between the demo and the live trading environments on 24Option.com through the buttons on the top of the trading screen. Traders who sign up for the demo account receive €100,000 in virtual trading funds.

    The demo platform looks like the live trading screen and appears to offer the same functionality.

    24Option.com Education Resources

    24Option.com has an Education section on its website that offers several market and educational resources to help traders improve their skills. These include the following:

    Financial News Headlines: A newsfeed showing the leading financial stories from different economic regions of the world.

    Daily Market Analysis: Charts with technical analysis and comments about directional biases for different securities.

    Trading Central: This is an investment research provider to financial market professionals. The service covers trends, pricing and market history and allows traders to identify trading opportunities.

    Economic Calendar: A chronological list of the important upcoming announcements in each country with actual, forecast and previous data for each release.

    Trading Strategies: Two briefs describing and differentiating between technical and fundamental trading.

    Video on Demand (VOD): This section of the website has short videos on topics of interest to traders of all levels. Videos cover forex and other CFDs. Some sample topics include Types of Orders, Capital Management and Basic Technical Analysis.

    Webinars: 24Option.com periodically holds free webinars on topics of interest to the trading community.

    24Option.com Sign-Up Bonuses and Promotions

    As 24Option.com’s headquarters are based in Cyrpus, it falls under the legislation outlined by The Markets in Financial Instruments Directive (MiFID). Therefore, 24Option.com is unable to offer sign-up bonuses because MiFID believes this offers traders more protection and increases the transparency of brokers.

    Should a broker, who is located within the EU, offer a sign-up bonus, this means they’re either unrelegulated in the EU, aren’t regulated at all or aren’t operating legally.

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    Reviews 237

    If you need trading guidelines and…

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    24Option Review

    Rating: 24Option is one of the best trading platforms. This broker is Cysec regulated and accepts most traders. The broker has an excellent reputation in the industry.
    • Minimum Deposit: $250
    • Maximum Payout: 88%
    • Accepts US/CA/AU Traders: No
    Promo: Welcome Bonus » Sign up now

    24Option Broker Review

    24option is a broker that has risen to prestige when binary options trading was popular. Due to legistlation, binary options is no longer available on 24option. If you still want to trade binary options, check out our binary brokers page.

    This broker is jointly owned and managed by Rodeler Limited and Richfield Capital Limited.

    This brokers is one of the most trusted brands. They sponsor (or sponsored) big names like Boris Becker, Conor McGregor or the Juventus football club. They are regulated by CYSEC and FSB. This is another indication, that this broker is trustworthy.

    Lets take a closer look at 24option.

    24Option Platform

    You do not need to pay to sign up with 24option. However, depending on the account type that you have, you are going to need to deposit a certain amount of money before you can begin trading. For traders who wish to sign up with 24option, there are five different account choices.

    Broker Name 24 Option
    Location RICHFIELD CAPITAL LIMITED – Belize
    Regulation CYSEC
    Website www.24option.com
    Minimum Deposit $250
    Minimum Trade $10
    Depositor Bonus Welcome Bonus
    Maximum Payout 88%
    Free Demo Account Yes, but requires a deposit

    24Option Account Types

    The broker offers different types of accounts, based on how much money you want to deposit.

    Here is a list with all account types, that 24Option offers:

    1. 24Option Basic Account

    The most rudimentary as well as the most affordable one is the Basic account. This requires a minimum deposit of $250. For this, you will receive constant, twenty four hour customer service and access to professional charts. You will also have access to a basic version of Trading Central.

    There is a possibility of receiving up to 82 percent in max returns. While you do get one withdrawal free, you will have to pay for the rest.

    2. 24Option Silver Account

    The next account is the Silver account. Here, you have to pay a higher minimum deposit. Nonetheless, you will be given more advantages. Including the ones that are present in the Basic package as well, you can also expect some interaction with a personal coach and trading alerts.

    3. 24Option Gold Account

    Following this, there is the Gold account, which is the one that is most touted by 24option. For the larger initial deposit, you will receive bonus features such as SMS and email alerts. There is also the potential for a higher max return – up to 84 percent. These traders can also make one free withdrawal per month.

    4. 24Option Platinum Account

    The more prestigious account is the Platinum one. Here, you will be able to receive higher max returns, around 86 percent. In addition to this, you will also have a live training session and be provided with access to the research website. Furthermore, you will also get insight into the Forex and CFDs markets. Finally, the monthly withdrawal fee is waived with this account.

    5. 24Option Diamond Account

    The final and most expensive account is the Diamond account where you can hope to garner a max return of about 88 percent. This comes with the ability to personalize your platform and have higher trading limits and exposure. You will also be able to receive tickets to Juventus games.

    24option has been online since 2020 and falls under the jurisdiction of Cyprus. The minimum amount of investment required, coupled with some of the highest returns in the market has made 24option a very desirable broker. They cater to traders from all around the world with the exception of the United States, Canada and Australia (the brokers need special licenses to operate here).

    24Option Security and Licensing

    24option does operate as a licensed broker. Rodeler Limited is registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission. Richfield Capital Limited is regulated by the International Financial Services Commission of Belize. Therefore, to an extent, the transactions that take place within 24option do fall under certain legal jurisdictions.

    All of the information that is provided to 24option regarding any of your transactions or financial details is stored on secure servers. Only limited and high ranking individuals have access to this information. It has taken the necessary steps to ensure that any and all sensitive information is appropriately stored and protected.

    24Option Software Review

    24option used the TechFinancials software platform before. However, recently they developed their own proprietary platform. It is estimated to be one of the most advanced platforms around. Traders can choose from High Low, One Touch, Boundary, and Short Term options with this software. From this platform, you can also easily access all of the assets that are offered by 24option.

    There are also other features included with this platform, including the ability for mobile trading. 24option offers a trading app that is compatible with a majority of the smartphones. This way, traders are able to trade on the go. There is also a demo version of this platform available for practice.

    Deposits and Withdrawals

    You can deposit and withdraw money to and from your 24option account in a variety of ways. This includes credit cards, electronic payment methods, and bank wire transfer. With credit cards and the electronic payment methods, the minimum amount is $250. With a bank transfer, however, the minimum is higher at $1000. You can also deposit and withdraw with the following currencies – US dollar, Euro, Yen, and British Pound.

    With withdrawals, with the exception of the Platinum and Diamond accounts, traders will be expected to pay a fee. This fee is dependent on the method of withdrawal and may also change according to the third parties involved in the transaction.

    Is 24Option A Scam?

    24option is not a scam. In fact it is one of the brokers that has a stellar reputation in the industry. There is really no reason not to sign up with them.

    Overall, 24option is a reliable and profitable broker to sign up with. They are a legitimate organization that offers traders a wide range of assets to choose from.

    Similarly, they also provide traders with the ability to receive higher than usual returns. The efficiency and reliability of this broker are just a few of the reasons that they are one of the best around.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      The Best Binary Options Broker 2020!
      Perfect For Beginners and Middle-Leveled Traders!
      Free Demo Account!
      Free Trading Education!
      Get Your Sign-Up Bonus Now!

    • Binomo
      Binomo

      Good Broker For Experienced Traders!

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