24option is one of the highest rated online binary options brokers out there. They incorporate some of the most advanced trading platform features on the market right now in one incredibly easy to use platform. It is packed full of creative features and options to make the lives of the traders easier. It is owned by the company Rodeler Ltd., and is based in Cyprus although they also have offices in London because of the demand for this broker’s services in the UK as well. 24Option has a minimum deposit of only $250.
Regulation for Highest Deposit Security
The broker is regulated fully by CySec, which means that they don’t offer options to traders in the US, which is one of the few downsides to working with this broker. However, the overall trading experience to be had with this broker is very positive indeed, especially because of the friendliness of customer support and the ease with which the online trading platform can be learned and mastered. Their security is at one of the highest standards out there, which is a major concern for most of the new and experienced traders out there.
High Returns and Low Minimum Deposit
24option boasts one of the best returns in the industry at 89% to the trader on any initial deposit. Of course, how much you actually get paid depends on the asset that you worked with, the time until expiry of the asset and so on. Overall, the rates are pretty good when compared to the competition. Features such as the high yield feature are available as well for even better payouts for the more experienced traders out there. With the minimum deposit of only $250, everybody can become a trader without investing a lot of money.
Deposits and Withdrawals are Easy
When it comes to the withdrawals from the broker, they are processed quickly and easily and sent back to where the funds in the account were deposited. There is a requirement for valid forms of ID to be provided as well as a proof of address. This is because they want to ensure that their process is as secure as it can get, and provides traders with another reason to be confident in their investment with the broker.
Depending on the type of account that you hold at the broker, the withdrawal and deposit limits of the account are different. If you have a Gold Account or a Platinum account, you enjoy free, regular withdrawals with no hassle. For a regular account, traders have to pay a fee for their first withdrawal to ensure that they aren’t scamming the broker. Depending on the withdrawal method used, a service charge that is very small indeed may also apply to with requested amount.
Incredibly Low Minimum Deposit Amount
Deposits to the account can be done at any time. The minimum deposit at 24option is one of the most attractive in the industry because of how low and reasonable it is. The minimum deposit is $250, which is one of the lowest out there. The deposit can be made in any currency as needed, but the currency can’t be changed once it is set for the first time. This minimum deposit can be sent in through a variety of different methods, and security is the top priority at this broker so there is no need to worry about deposits falling through. Even better, the funds are sent to the account as soon as the deposit has been made and verified. As a trader, you won’t have to worry about waiting a long time to see confirmation of the deposit and the funding of your account.
Internationally Recognized Broker
In addition to this insanely low minimum deposit amount, the international reach of the broker is stressed by the support for many different languages including Italian and French. There is also the great feature of being able to trade 24/7 so time zones don’t apply. This means that you can make your minimum deposit at any time of the night, trade with it and request withdrawals without having to wait even a few hours for your trades to open for the day.
The minimum trade amount that can be made is $24, which means that over 10 trades can be made just by making the minimum deposit and opening a regular trading account. The max trade is $100,000 which is great for the larger, more experienced traders out there. There are also plenty of bonuses and promotions on offer all the time at 24option, making it one of the better brokers out there for everyone.