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24Option is one of the best trading platforms. This broker is Cysec regulated and accepts most traders. The broker has an excellent reputation in the industry.
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| Promo: Welcome Bonus | » Sign up now | |
24Option Broker Review
24option is a broker that has risen to prestige when binary options trading was popular. Due to legistlation, binary options is no longer available on 24option. If you still want to trade binary options, check out our binary brokers page.
This broker is jointly owned and managed by Rodeler Limited and Richfield Capital Limited.
This brokers is one of the most trusted brands. They sponsor (or sponsored) big names like Boris Becker, Conor McGregor or the Juventus football club. They are regulated by CYSEC and FSB. This is another indication, that this broker is trustworthy.
Lets take a closer look at 24option.
24Option Platform
You do not need to pay to sign up with 24option. However, depending on the account type that you have, you are going to need to deposit a certain amount of money before you can begin trading. For traders who wish to sign up with 24option, there are five different account choices.
| Broker Name | 24 Option |
| Location | RICHFIELD CAPITAL LIMITED – Belize |
| Regulation | CYSEC |
| Website | www.24option.com |
| Minimum Deposit | $250 |
| Minimum Trade | $10 |
| Depositor Bonus | Welcome Bonus |
| Maximum Payout | 88% |
| Free Demo Account | Yes, but requires a deposit |
24Option Account Types
The broker offers different types of accounts, based on how much money you want to deposit.
Here is a list with all account types, that 24Option offers:
1. 24Option Basic Account
The most rudimentary as well as the most affordable one is the Basic account. This requires a minimum deposit of $250. For this, you will receive constant, twenty four hour customer service and access to professional charts. You will also have access to a basic version of Trading Central.
There is a possibility of receiving up to 82 percent in max returns. While you do get one withdrawal free, you will have to pay for the rest.
2. 24Option Silver Account
The next account is the Silver account. Here, you have to pay a higher minimum deposit. Nonetheless, you will be given more advantages. Including the ones that are present in the Basic package as well, you can also expect some interaction with a personal coach and trading alerts.
3. 24Option Gold Account
Following this, there is the Gold account, which is the one that is most touted by 24option. For the larger initial deposit, you will receive bonus features such as SMS and email alerts. There is also the potential for a higher max return – up to 84 percent. These traders can also make one free withdrawal per month.
4. 24Option Platinum Account
The more prestigious account is the Platinum one. Here, you will be able to receive higher max returns, around 86 percent. In addition to this, you will also have a live training session and be provided with access to the research website. Furthermore, you will also get insight into the Forex and CFDs markets. Finally, the monthly withdrawal fee is waived with this account.
5. 24Option Diamond Account
The final and most expensive account is the Diamond account where you can hope to garner a max return of about 88 percent. This comes with the ability to personalize your platform and have higher trading limits and exposure. You will also be able to receive tickets to Juventus games.
24option has been online since 2010 and falls under the jurisdiction of Cyprus. The minimum amount of investment required, coupled with some of the highest returns in the market has made 24option a very desirable broker. They cater to traders from all around the world with the exception of the United States, Canada and Australia (the brokers need special licenses to operate here).
24Option Security and Licensing
24option does operate as a licensed broker. Rodeler Limited is registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission. Richfield Capital Limited is regulated by the International Financial Services Commission of Belize. Therefore, to an extent, the transactions that take place within 24option do fall under certain legal jurisdictions.
All of the information that is provided to 24option regarding any of your transactions or financial details is stored on secure servers. Only limited and high ranking individuals have access to this information. It has taken the necessary steps to ensure that any and all sensitive information is appropriately stored and protected.
24Option Software Review
24option used the TechFinancials software platform before. However, recently they developed their own proprietary platform. It is estimated to be one of the most advanced platforms around. Traders can choose from High Low, One Touch, Boundary, and Short Term options with this software. From this platform, you can also easily access all of the assets that are offered by 24option.
There are also other features included with this platform, including the ability for mobile trading. 24option offers a trading app that is compatible with a majority of the smartphones. This way, traders are able to trade on the go. There is also a demo version of this platform available for practice.
Deposits and Withdrawals
You can deposit and withdraw money to and from your 24option account in a variety of ways. This includes credit cards, electronic payment methods, and bank wire transfer. With credit cards and the electronic payment methods, the minimum amount is $250. With a bank transfer, however, the minimum is higher at $1000. You can also deposit and withdraw with the following currencies – US dollar, Euro, Yen, and British Pound.
With withdrawals, with the exception of the Platinum and Diamond accounts, traders will be expected to pay a fee. This fee is dependent on the method of withdrawal and may also change according to the third parties involved in the transaction.
Is 24Option A Scam?
24option is not a scam. In fact it is one of the brokers that has a stellar reputation in the industry. There is really no reason not to sign up with them.
Overall, 24option is a reliable and profitable broker to sign up with. They are a legitimate organization that offers traders a wide range of assets to choose from.
Similarly, they also provide traders with the ability to receive higher than usual returns. The efficiency and reliability of this broker are just a few of the reasons that they are one of the best around.