24Option is one of the most prominent binary options brokers in the world. They have carved out a reputation for themselves by offering traders some of the best and most efficient services on the market.
Furthermore, they cater to most countries, with the exception of the United States and Australia.
When traders are attempting to discover which broker is best for them, there are many things that they consider. Among these are the initial amounts that the traders are expected to deposit in their accounts.
Let’s find out how 24Option handles this part of the transaction:
Minimum Deposit on 24Option
While it does not offer one of the more competitive deposit minimums around, 24Option is still quite reasonable. When you deposit the minimum amount required by the broker, you will be allowed access to the lowest tiers among the accounts available.
The minimum deposit on 24Option is $250.
This is the Basic Account. In order to sign up for this account, you will have to deposit at least $250 dollars in the account. Once you have done so, you are able to use many of the services that the broker offers. This includes, but is not necessarily limited to, access to the platform and the various assets available.
There are certain bonuses that are offered with 24Option. However, there are terms and conditions attached to these bonuses. Depending on individual cases, traders may or may not be eligible for these bonuses. Nonetheless, there is a possibility of receiving bonuses that are 100 percent of the original deposit. In certain instances, there may also be promotional offers available to new traders.
There are other accounts available including Silver, Gold, Platinum, and Diamond. The more prestigious the account, the higher deposit minimum that is required. There are, however, additional services offered as well.
There are many different ways that you can deposit money with 24Option or into your account. Nevertheless, they tend to fall into three main categories – credit cards, online payments, and bank wire transfers. These include, but are not limited to, Visa, MasterCard, Discover, Skrill, Neosurf, AstroPay, Qiwi Wallet, SoFort, Neteller, WebMoney, Paysafe, Giropay, UnionPay, OK Pay, JCB, and Comodo.
The $250 minimum only applies to credit cards and online payment systems. If you wish to transfer money through a wire transfer, the minimum is then raised to $1000. When you pay with credit cards or other electronic methods, the money appears in your account when the transaction has been verified. In the case of bank transfers, however, it can take up to 5 business days to be deposited into your account.
Deposit Currency Options
As 24Option offers its trading services to individuals all over the world, it offers traders the opportunity to use a variety of currencies. At the point of registration, you will be expected to choose a currency that you would like to trade with.
You will be able to select from US Dollar, British Pound, Euro, or Japanese Yen. This is the currency that you will then be depositing into your account. Once you have made your decision regarding the currency, it is finalized. You will be unable to change it after your account has been created.
Minimum Trade Amount
Just like with the minimum amount of money that you can deposit into your account, there is also a minimum amount that you can trade with. This varies from broker to broker. At 24Option, the least amount of money that you can invest in a single trade is $24.
While this is a little higher than other brokers, it does allow the trader to also receive higher payouts as well.
These iss the most important information that you should know regarding 24Option binary options broker. This includes the least amount of money that you can deposit as well as other requirements for placing money with this particular broker.