24Option Broker Review

Details


Broker 24Option
Website URL www.24option.com
Address 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103
Support Number +44 203 693 8656
Minimum 1st Deposit $250
Minimum Trade Amount $24
Payout 89%
Free Demo Account Open Demo
Account Types Standard, Beginners, Gold, Platinum, Diamond, Islamic
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
Number of Assets 100+
Account Currency USD, GBP, JPY, EUR, RUB
Overall Score 10/10

Looking for a 100% Honest Review of 24Option? Is 24Option a Broker You Should Trust? Well, expect some good news if you’re thinking about 24Option as your broker.

24Option is a well-recognized brand that has emerged as one of the most popular and reputable binary options brokers around. You’ve seen them sponsoring some of the biggest sporting events around the globe and have highly looked up as an organization.

24Option Overview

24Options is one of the original brokers that entered the binary options industry in 2009. They are regulated by CySEC and are reputable for adhering to secure practices. Since their establishment, they have been developing new trading tools aspiring to make it easier for their traders. They even offer a mobile app to traders so they can access the daily markets and their accounts without needing to be on a computer.

This broker offers a free demo account to help potential clients realize the advantages of trading with their platform. This dramatically reduces the chances of a trader losing their investment and helps them feel at ease prior to committing. You can also access their educational materials for extra help.

Moreover, an exclusive one-to-one session is offered with one of their financial experts. You can choose to speak to a specialist via various contact methods to discuss trading strategies and profit goals. Their customer support and team are very attentive and address inquiries very promptly.

 Review Verdict: Overall, 24Option provides excellent added-value for all customers, even the more professional ones.

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24Option Trading Platform

24Option provides a fully web-based platform that is innovative yet elegant. It provides the essential tools necessary to begin trading effectively yet also includes additional features to make it a unique experience. The user interface is very easy to navigate making the trading process efficient for any level of trader. A user can view the live charts by clicking on the asset to examine it more carefully. There is no being redirected to another page when you click. There is just a pop-up window to view the asset chart much easier.

24option trading platform

Also, 24Options features some great additions such as platform signals. These signals are generated from highly advanced algorithms based on current and up a year’s worth of market statistics. Their signals provider is one of the most accurate we have used. This is very understandable as they have hundreds of thousands of accounts and have been on the market since 2009. The data 24Options collects on the financial markets is immense making their trading signals are extremely on target.

24Option Withdrawals & Payments

24Options is one of the few brokers that has no limit on their withdrawal. Many industry brokers offer a minimum and a maximum, but 24Options is more flexible than most. In addition, this broker works very swiftly regarding the withdraw process. In only 3 to 5 business days you could have your withdrawals transferred; only 1 day for VIP accounts.

Furthermore, there are 20 payment methods you can opt for such as Credit/Debit, Moneybookers, bank transfer, Neteller, just to name a few as you see below. Also, be informed that 24Options permit one free withdrawal for basic account members.

24option deposit and withdrawal

Any additional withdrawal requests do entail a fee, which is standard among binary brokers. Depending on your account type various withdrawal perks apply. For instance, Platinum accounts get all their earnings transferred for free and Gold account members obtain one free monthly withdraw.

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Any 24Option Complaints?

We searched online for any negative feedback to see what other traders have to share about 24Option. In our investigation, we make sure to investigate complaints as there are instances that the claims are conspired by competitors. We did find a few complaining about the withdrawal approval, as it took a couple more days than usual, but the issue was resolved. Due to these being successfully resolved, our team is not concerned about 24Options being a scam.

Sometimes, clients do not read thoroughly the broker’s Terms and Conditions that describe the approval process, which causes misunderstandings at times. Other than this, we were unable to find genuine complaints regarding 24Option’s reputation. Overall, we found positive reviews about their services and customer support responsiveness. So feel safe as you should receive all your payments on time.

Is 24Option a Scam?

According to our investigations, 24Option is one of the most reputable brokers in the binary options industry. They have been regulated and licensed by CySEC since 2009 when they launched. Ever since then, 24Option is practicing secure business transactions as a financial service provider.

Bear in mind that trading with a regulated broker assures your protection. One of the best licenses a broker can have is issued by the Cypriot Financial Supervision Commission (CySEC). This specific license allows brokers to provide legitimate services to the EU, just like 24Option. Hence why 24Option has a high level of credibility for secure practices.

Also, when a broker has been around for many years, there are bound to be both positive and negative reviews. Always keep an open mind, as many competitors do plot negative comments to gain the upper hand. The most important factor is to find that the positives outweigh the negatives.

Additionally, check to see if the complaints are resolved. This shows a good sign of an attentive customer support team from the broker. As mentioned, 24Option does have various reviews and any complaints we discovered were resolved. We reiterate, 24Option does not portray a scam model and is a highly sought after broker by online traders.

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24Option Bonus & Incentives

24Option really is a reward giving broker. If you’re a new account holder, you can sign up for a welcome bonus. Depending on your account level, bonuses begin at 30% and can reach up to 100% of your initial deposit. Additionally, their bonus policy operates a bit differently than other brokers. In the case you deposit $5000 and opt for a 70% bonus (or $3,500), you have to reach a trading volume of 50 times the bonus. In most cases, brokers will tell you that you have to reach a specific trading volume plus your initial deposit; this is not the case with 24Options.

There are some special promotions 24Options announces on occasion. You can take part in their giveaways like iPads and Mac Books, or in various competitions they announce. We admit that their prizes and rewards are very generous and customers say great things about them.

We understand why many traders may usually shy away from bonuses, but the terms 24Options offers is a bit different. We find this much more attractive and attainable for traders, but we always advise you speak to the broker’s expert beforehand. Bonuses are not for everyone, and you must review the policy thoroughly prior to accepting.

 Getting Started with 24Option 

24Options is a highly respectable and strong binary options broker. They encompass over 7 years of experience as a financial service provider, and they have high ambitions to provide satisfactory services. Their platform is very user-friendly even for the most basic skilled trader, but professionals can benefit from it too. They offer an average industry minimum deposit of $250 and a minimum trading requirement of $24. They have no withdrawal limit, which is completely nontraditional and very attractive to traders. In some instances, traders are given limits upon how much they can transfer out of their account – if you plan on making large sums, then 24Option is a great selection.

24Options further provides over 5 hours worth of video educations tutorials that are all up-to-date with the latest trading information. As an account holder, you can access their free webinars and real quotes used by some of the largest companies around. Let’s not forget the most important criteria; they are CySEC regulated so you can benefit from a safe and secure trading.

Final Words

24Options is one of the first binary options companies to exist on the market. They’ve been around since 2009, operating as a licensed and regulated broker under CySEC. They are a part of the list of exclusive brokers that are highly respected and reliable. They provide an easy-to-use trading platform with accurate signal services for traders to achieve high-profit returns – up to 88% payout!

Moreover, traders can keep learning about the industry through their educational resources and webinars to ensure reliable strategy tactics. Additionally, their withdraw process is very speedy as it only takes 3 to 5 business days AND there are no withdrawal limits. We also grade their customer as excellent for their responsiveness and capacities to resolve any issues.

We conclude that Option24 is a broker we strongly recommend that can offer you an incredible trading experience and the best tools for binary options trading.

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Pros
  • No Withdrawal Limit
  • Free Demo Account
  • Attractive Bonus Terms
  • Free Trading Signals
  • Tutorials For All Level Traders
Cons
  • Not Available in US or Australia
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