24Option Review

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24Option is a top rated binary options broker with a stellar reputation in the UK. 24Option even has offices in London.

  • Minimum Deposit: £250
  • Maximum Payout: 88%
  • Demo account: Yes
Promo: Welcome Bonus » Sign up now

24option binary options broker is one of the most renowned brokers in the world. Since its inception in 2010, 24option has been providing traders with an incredible range of assets as well as binary options services.

They also offer incredible maximum returns on the investments that traders stake with them. All of this, and more, has led to 24option holding a significant position in the world of binary options trading. This broker works with traders from all over the world, with the exception of the United States. 24option has two main owners and influencers.

They are Richfield Capital Limited and Rodeler Limited. Due to this joint partnership, 24option is under the purview of Cyprus. Let’s take a closer look at what 24option has to offer:

Broker Name 24Option
Location Cyprus
Regulation Cysec
Website www.24option.com
Minimum Deposit £250
Minimum Trade £10
Depositor Bonus Welcome Bonus
Payout 88%
Demo Account Yes

Account Types, Bonuses, and Other Benefits

There is no need for you to have access to a package to begin trading using the 24options platform. All you need to do is to deposit a certain amount of money and you can then start placing trades. Nonetheless, if you want to be able to benefit from the various special features on offer, you will need to have access to one of the following accounts.

There are five separate accounts offered by 24option. The first one requires the least amount of investment. With just £250, you can sign up for the Basic Account. This will provide you with the ability to view professional charts and access Trading Central.

You will also be able to contact customer service twenty fours a day, seven days a week. Signing up for this account may provide you with the opportunity to get max returns of up to 88 percent. You can withdraw money from this account for free just once during your ownership. You will have to pay a small fee for the rest of the withdrawals.

The account that is higher up is the Silver account with a slightly larger minimum deposit required. By paying this charge, you will be given the same features as with the Basic package but with additional features included. For instance, you will also get a meeting with a personal coach and get trading alerts. Further up is the Gold account which has the added bonus of SMS and email alerts. There is also the possibility of a higher max return, up to 84 percent. Gold account holders can withdraw money for free once a month.

One step up from the Gold account is the Platinum one. Here you can access the CFD and Forex markets as well. This is accompanied by an ability to use the research website as well as have a live training session. There are also no withdrawal fees with this account. Finally, the max returns can be increased to up to 86 percent. Topping this list is the Diamond account, which requires the highest of all the minimum deposits. In return for this, you will be granted the ability to tailor the platform that you are using. There are also higher trading limits as well as exposure. You can also expect max returns of up to 88 percent.

Licenses and Security Features

Technically, 24option is not a licensed binary options broker. However, the two companies that own and manage this broker are licensed with two different authorities. Richfield Capital Limited is overseen by the International Financial Services Commission in Belize. Rodeler Limited is licensed in Cyprus and adheres to regulations laid down by the Cyprus Securities and Exchange Commission. Due to the individual companies’ licenses, there is a certain amount of regulation of 24option occurring.

There are several stringent security measures in place at 24option. For starters, the broker uses secure servers to store any and all information regarding their clients and their activities. There are only a few, vetted employees who have access to this information. Details that are sensitive or pertain to the financial status of the client are well protected by the binary options broker.

24option Software Review

As trading platform software, 24option uses TechFinancials. This platform has developed a reputation as one of the better trading platforms to use. In addition to being user friendly, the platform offers various trading options. These include One Touch, High Low, Boundary, and Short Term. All of the assets that are available with 24option are easily accessed as well.

There is a demo version of this platform. This allows account holders to get used to the way that the platform is designed before actually staking real money. With TechFinancials, there is also the option of mobile trading. The app can be downloaded onto a smartphone, and all of the features are available on the mobile version as well.

Withdrawals and Deposits

You can choose to deposit as well as withdraw your money through credit cards, electronic payment methods, and a bank wire transfer. The minimum amount of money that you can deposit with credit cards and electronic payment is £250 or a comparable amount in British Pounds, Yen, or Euros. With a wire transfer, the least amount of money that you can deposit is £1000.

Unless you have a Platinum or a Diamond account, you will be expected to pay a withdrawal fee. This charge is based on the method of withdrawal as well as any other fees that the bank or other parties may levy.

Overall, 24option has proved to be a powerful, efficient, and credible binary options broker. They have aided numerous traders in the placing of trades. 24option also has one of the higher rates of max returns in the market. Finally, there are a great number of assets as well as option available to the traders who use 24option.

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Page Updated: 28 October, 2016