24option is one of the veteran brokers in the industry, having launched in 2010. Since the beginning of binary options online trading boom 24option has become one of the most reputable and trusted brokers.
Today 24option is considered to be one of the largest platforms with high volume of trades. 24option is owned and operated by Rodeler Ltd. It is known to be one of the most reliable and secure brokers for binary options trading with a highly reputable history. They are also among the first brokers who undertook the necessary regulation and licensing in 2013 and are now a fully regulated EU broker who operates under CySec license. 24option is also registered with CONSOB in Italy and the FCA in United Kingdom.
Highly reputable history and past performance of this broker together with all the necessary licensing makes 24option one of the most popular and innovative binary options brokers. 24option was awarded for the best binary options broker multiple times. This broker has worked hard to maintain strong relationships with its traders, and as such has built a substantial client base.
24option trading platform is powered by Tech Financials, one of leading providers of binary options platforms. The platform presents traders with single-page trading capability and can quickly be grasped by new traders because of its simplistic design and layout.
Each of the available trade types, underlying assets, and expiration times are viewed on the left, with trade windows and a live price chart on the right. Live trades, past trades, and trade signals can be accessed just under the trade window.
24option broker offers two versions of their trading platform. The main platform is 100% web based and there is no need to install any additional software to be able to trade. In addition they also offer mobile version of their platform which allows traders to trade from anywhere with internet access on their mobile devices.
Tech Financials platform provider ensures that the broker can not change the outcomes of the trades. Charts are professionally designed, accurate and highly responsive.
24option offers a wide range of underlying assets when compared to any other broker: currency pairs (31), commodities (8), stocks (43), and indices (19). Such a large variety should please all traders. Underlying asset descriptions and the exact hours that each underlying asset can be traded with are posted within the underlying asset index.
Types of Trading
24option offers High/Low, Above/Below, Touch/No Touch, Boundary, and Short Term trade types. Both the Touch and Boundary trade types are delivered in both traditional and high-yield formats. The Above/Below instrument is also high-yield option. Short Term offer expiry times of 60-seconds, 2-minutes, and 5-minutes.
Early trade closure is available inside the 24option platform. This tool allows traders to sell profitable positions for a specified amount of profit or non-profitable positions for an amount that is less than the investment amount. 24option doesn't offer many trading tools - but it offers the one that is the most important. The possibility to close the trade early while in profit or minimum loss gives the trader a possibility of RISK/PROFIT management while the trades are still open. EARLY TRADE CLOSURE TOOL allows the implementation of many highly profitable strategies with the mid-term and long-term expiry trades.
Return rates can be up to 88% per successful trades are offered on standard trades, with high-yield options offering as much as 360% on successful weekend trades. But have in mind that weekend trading carries higher risk of full capital loss.
With plenty of options available, traders will be able to select their preferred trade setups and know upfront what the return rate is set at for each specific option.
Generally speaking the return rates with 24option are in the mid-high range and can be compared to some of the best return rates offered by other brokers. The highest return rates, per successful trades, are for the EUR/USD currency pair which are 83% for UP-DOWN trading on the basic trading account and 88% for premium accounts. For 60 seconds trades they offer 70% return, but for 2 or 5 minute trades they offer a 75% return.
The return rates vary on the choice of the traded asset, as well as on the type of trading, so the highest payouts you can get are for HIGH YIELD TOUCH or HIGH YIELD BOUNDARY.
24option often organizes different trading competitions and if you are one of the top traders you can also win additional awards (terms and conditions apply). Trading binary options involves substantial risk and may lead to loss of all invested capital.
Support and Education
24option makes sure that each of their clients are well-educated on the topic of binary options trading. 24option offers exceptional support for beginner traders. Their support is one of the main features that shot them to the top of the binary options brokerage industry. Beginners who register with 24option will gain access to their free education center where they provide educational videos, e-books and tutorials. Each trader is assigned with a personal account manager who will suggest you with the good trading strategies and will help you answer all your questions about trading. Of course you can also open the demo account after deposit and you don't have to trade with your real money until you learn how to trade or test some strategies. If you think the trading is not for you, then you can withdraw your full deposit without the need to trade for real. Specific instructions are provided for each type of trade, as are daily market reports that can help traders complete the process of market analysis. Included in the market reports are detailed technical analysis charts.
GOOD PLACE TO LEARN BINARY OPTIONS TRADING
There are various resources available online, which can help you learn how to trade. The best place to start is by joining educational programs offered by some brokers. Very good and free educational center for beginners is offered by popular and trusted broker - 24option.
Join 24option Trading Education Center for Free:
Free Trading Webinars
The main feature for beginners is the possibility to join the free trading webinars, where you can follow a professional trader, learn from his explanation and you can even copy his trades on your own account, it should be noted that past performance is not a reliable indicator for future results and that the strategies of professional traders might result in losses. While other brokers who offer this type of personal support will give you only one free trading lesson, 24option broker gives you the possibility to join as many webinars as you wish, completely free of any additional costs. Is it safe to say that 24option offers one of the best education centers for beginners. If you are a beginner trader and you want to get the beginner's trading education and a dedicated customer support, 24option is one of the best place to open your first brokerage account.
24option allows traders to choose between Standard, Gold, and Platinum accounts. Each of these accounts provide different perks. Major credit Cards, MoneyBookers (Skrill), eWallets, Wire Transfers, MoneyGram, Liberty Reserve, Western Union, and CashU are the available banking methods. There is no minimum withdrawal amount with the exception of bank wire transfers which requires $100. All traders will receive at least one free withdrawal each month.
Demo accounts are not advertised on the 24option website, but they are available upon request. Free account registration process must be completed and trading account has to be funded with at least the minimum deposit amount before demo account will be provided.
Deposit bonuses of up to 100% are available to those who start trading with 24option. The exact bonus offer will be based on the amount of the initial deposit. Sometimes special bonus offers are available. For best bonus deals it is best to discuss the terms and conditions with your assigned account manager after you complete the free registration process.
24option is regulated by CySec and as such is considered a popular binary options broker. In our own experience and based on confirmation of many traders, 24option is one of the most innovative trading platforms and they always pay your funds, regardless of the amount. The platform itself and banking areas are protected by SSL encryption technology and for additional safety investors funds are kept on a segregated bank account. In order to prevent money laundering, 24option requires that traders verify their identity by submitting a photo ID, proof of residence, and credit card photo (front, showing only the last four digits) before their trading account is fully approved.