24option Broker Review 2017
24option DOES NOT accept new traders from US.
We recommend you check out our top rated broker list and trade at another broker instead.
- US Traders
- 140+ Assets
- 2-4 Day Payouts
- Mobile Friendly
- Low Min. Trade
Founded in 2008 the multi award winning binary options trading site from 24option is not only intuitive and easy to use but it is geared towards both new traders as well as trading professionals. With 24/7 dealing provided on the reputable Tech Financials trading platform they are one of just a handful of highly respected and trusted brokers that put usability and accessibility at the forefront of what they do.
This ease of access and their mobile friendly platform makes the trading process simple and accessible. Operating across a growing list of countries in 22 languages the site lets you choose the language and currency you wish to trade in. Education is a priority with 24option and their range of educational aides caters for everyone from the first time trader to the experienced and successful.
With customer support clearly a priority at 24option there are many support options available from picking up the phone to a dedicated customer support advisor to starting an online chat on the move, their dedicated team are on hand to help with any questions or issues.
Why should you choose this broker? In our full 24option review you will find out:
- What we think about their company practices and if they are a legit broker
- The unique features that position 24option as a solid contender in the market
- Why the various accounts and bonuses on offer should be welcoming to you
You don’t have to choose a plan to get started with 24option . In fact they state on their website that you can simply open an account and start trading immediately. If you do want to start a plan there are 5 on offer, plus an additional, somewhat discreet 24option demo account available on request. Highlights of these accounts are detailed below.
The Basic Account requires an initial deposit of $250 and the minimum trade is $24. Successful trades attract profits of up to 82% but benefits are limited to the standard 24 hour customer service access and a professional chart.
The minimum amount needed to open a Silver Account is $2,000 although this account commands the same profits as the Basic Account. A Silver Account does however unlock a few more of 24option features including access to a personal coach and trading alerts.
The most popular account with traders, a 24option Gold Account sees the profits rise to up to 84% and the addition of more features which include SMS & e-mail alerts. There is also the opportunity to live trade with an expert. An initial deposit amount of $25,000 is required and a minimum trade of $48.
If you are looking for more benefits and support and a higher profit a Platinum Account will see a return of up to 86% on a successful trade alongside even more expertise to help you trade successfully. A minimum initial deposit of $50,000 is required and the minimum trade amount is $120.
With a minimum trade amount of $480 and the maximum trading return of up to 88% the Diamond Account is the most rewarding of all plans at 24option. A higher exposure and higher trading limits makes this the account to be enjoyed with the more professional traders. They even offer Diamond Account holders FREE Juventus tickets due to their affiliation and sponsorship of the club.
Trade Types And Payouts
With a maximum payout of up to 88% available to those with a Diamond account (82% for the lower end of the account scale) the trade types available are High/Low Options, One Touch Options and Boundary Options, here are more details:
One of the more popular type of binary options High/Low Options are also known as call/put options. All the trader needs to do is call whether that asset price will increase or decrease below the current level in a set amount of time.
One Touch Options
One Touch Options are a simple way to trade and don’t take much time or effort. All the trader needs to do with a One Touch option is choose whether the market will reach a target price within a designated amount of time.
Boundary Options involves a simple prediction. The trader simply needs to predict ‘In’ or ‘Out’ which means whether you believe the market price will close within or outside the upper and lower prices by the expiry time.
Latest Winning Trades
Bonuses And Promotions
As well as offering periodic bonuses from time to time 24option have both technology bonuses and cash bonuses that are pretty much standard and offered consistently.
Technology Bonus 1 - To qualify for an iPad the account holder must deposit a minimum of $10,000 and reach a minimum trading volume of $50,000. Technology Bonus 2 is a MacBook and with a deposit of $20,000 needed and a min trading volume of $100k.
For those who don’t have that kind of money to trade with there is a $24 bonus for anyone who downloads the 24option mobile app and registers for an account.
Upon registration cash bonus offers are made on a case by case basis and are usually associated with the amount of cash deposited by the trader.
Trading is made easy with a 24option mobile optimised website and the mobile app which is available for both IOS (iPhone and iPad) and Android. In this fast paced technological environment users need something that is intuitive, simple, quick and easy to use and that allows for instant order execution with real time data.
Whilst the website offers everything the trader needs to know along with FAQ’s, the mobile app has more limited functionality however customer support is still paramount and user reviews state the app to be an easy to use platform with good information and great support.
The trading app is available for a range of devices including iPhone, iPod Touch and iPad Air. As well as its ease of use the app is also available in 22 different languages allowing the user to switch to their native tongue. As well as English you can trade in Arabic and even simplified Chinese.
Deposits And Withdrawals
The minimum deposit with a 24option account is $250 and after making the deposit trading can begin immediately. Deposits can be made via wire transfer although if using this method the minimum deposit amount is $1,000. Other methods accepted include credit and debit cards, Skrill, Mister Cash and many other online payment systems.
Before you can withdraw funds from a 24option account you must ensure that all documentation and verification is up to date. The verification process requires photo ID such as passport or driver’s license, proof of residence (you must be resident in a country accepted by 24option ) and a verified payment method. To use a credit card for example you must send a picture of both sides of the card although you are asked to only display the last 4 digits. Withdrawals can be made to credit cards, wire transfer or other selected online payment systems.
Once your account is verified the withdrawal process is straight forward and simply requires the users to fill in the amount to be withdrawn. 24option aim to process all withdrawal requests within 3 days. There are some light complaints regarding withdrawal problems but we believe these are mostly down to lack of ID and account verification.
There is a fee for making withdrawal unless you are a Platinum or Diamond Account holder. The fees range from 2% - 3.5% depending on the method or a fixed fee of $30 for a wire transfer. Banks may make additional charges.
As 24option values every trader and wants them to enjoy success they offer a FREE demo account giving entry-level traders the chance to familiarise themselves with the platform, experience a real experience and teaches them the necessary skills to continue.
Educating their traders is also important to 24option which is why you will find webinars for all traders regardless of experience and knowledge. Simply visit their website and watch a basic, intermediate or advanced webinar. Other webinars are available, details of which can be viewed on their calendar.
Expert Broker Reviews
Customer support is easily accessible and in the first instant you can complete and submit a simple form with your questions, comments or concerns. Support is also available by e-mail, telephone or by starting a live chat with a customer service specialist on the site whether on a desktop or mobile device. Support contact is available 24 hours a day, 7 days a week from many countries across the world and as usual, in multiple languages.
Let's finish up our 24option review here. 24option ’s mission is to make sure that those traders that use their site enjoy the experience, experience success and stay! To achieve this they provide plenty of education and support to all of their traders regardless of experience. They seem to really value their traders and demonstrate this through their various educational tools and information. From our investigative research and test we found no reason to believe they are a scam operation.
As an extremely well trusted and secure platform to trade on 24option is a popular choice with many traders from beginners to professional Diamond traders. Their easy to use platform, mobile trading options and customer support make them an ideal choice for traders and makes them a serious contender in the binary options trading market.
Reviewed by: BinaryOptionsExpert.net
More Broker Reviews
Is 24option legit, will they scam me?
24option has one of the most reputable names in the business and are a trustworthy and reliable broker. Why else would we put our name to them? Every broker goes through the same vetting process however, no matter how good their reputation is we carry out individual checks on every single one to ensure that we are happy with what they have to offer and happy to recommend them to you, the trader.
Do they have a decent mobile or tablet app?
Technologically they have a good platform which ranges from the traditional desktop website to their fully responsive mobile website. They also have an app available for iOS and Android and actively encourage account holders to download the app from the App Store or Google Play by offering a $24 bonus which is deposited into the trading account. The apps are intuitive, easy to navigate and make trading on the go much easier.
What bonus do they offer new traders?
24option offer a welcome bonus of 100% when you deposit $250 or more. As well as the welcome deposit bonus they also offer technology bonus. For a trader that reaches $10,000 in deposits and $50,000 in trades there is the reward of an iPad, if they double these figures they will be rewarded with a Mac Book. There is also a $24 incentive for anyone who downloads the 24option mobile app.
Can I start trading on a free demo account?
Like many of the top brokers, 24option offer a demo account to encourage their traders to get used to the platform. Simply deposit your $250 deposit, wait for it to show in your account and then request a free demo account by contacting the customer service department. The demo account allows the trader to practise trading with virtual money meaning they can get used to the platform and make any mistakes before they trade with real money.
What’s the minimum deposit and trade amount?
The minimum deposit for a 24option account is $250 unless you are depositing funds via wire transfer, then the minimum deposit required is $1,000. This is pretty standard across most brokers. Their minimum trade is $24, not the lowest in the industry so traders need to make use of the demo account before they trade with real funds. That said their customer service is very good and the trading platform is one of the best.