24Option is one of the best Binary Options Brokers that you will find. 24Option.com has an excellent reputation and is fully CySEC regulated and authorized. They are owned by Rodeler Limited, and based in Cyprus.
Disclosure: We might get a commission fee if you sign up through any of our links.
24Option Review Summary
- Regulated: CySEC
- $250 Minimum Deposit
- $24 Minimum Trade
- $100,000 Maximum Trade
- $10 Minimum Withdrawal
- Live Chat Support Available
- Up to 85% Returns
- Withdrawals Processed Within 2 Business Days
- Established in 2009
- Email Address: firstname.lastname@example.org
- Contact: https://www.24option.com/contact-us/
- Trading Platform: Tech Financials
- Due to it’s regulated status, no USA traders are allowed
24Option Scam? No, They Are Fully Regulated!
If you have read any other 24Option review, you would see that the fact that 24Option is regulated means that you can trade with confidence knowing that this is not a 24Option scam. They are regulated by, and have to abide by the financial regulations and requirements stipulated by the following financial control bodies across the world:
Maintaining a fully CySEC regulated status costs upwards of $200,000 based on my research, so there is no way that a company like 24Option would jeopardize their status by scamming people out of a couple of hundred dollars. You can fully trust 24Option with your trading account.
24Option Complaint Procedure
Before I wrote this review, I did a lot of research and I haven’t found any valid complaints against 24Option at all. I say “valid” complaints because some people complain about everything. They will say stuff like “the prices ‘jump'” before expiry, when it is a known fact that price movements just before expiry often does that on all platforms. Some other people complain that they have to provide lots of documentation before they can withdraw their money, but such procedures are required of a regulated broker like 24Option. Scam brokers typically do not require stringent proof of identity. These things go hand-in-hand.
24Option Bonus Offer
The other thing that people don’t understand is that taking a “matching bonus” or any other type of bonus is a contract that you enter into with the broker. The bonus requirements differ from broker to broker, but you have to be aware that it will often require you to fulfill a certain number of trades before the money in your account is released to you.
I often get emails from traders that ask me if they should go for the bonus offer, and I know it sounds very tempting. Being able to deposit $250 and immediately getting another $250 to trade with sounds like a no-brainer, but you have to ensure you are aware of the requirements that go with it. The 24Option bonus is not a scam, or else they would never have been regulated, but like with any contract you enter, there are clauses that might contradict your expectations.
With bonus offers you often have to trade 40x the value of the bonus, and you will not be able to withdraw your money, or the bonus money, until that requirement has been met.
The 24Option bonus offer is very impressive, but be very sure to read the terms and conditions that go with it. If you tell them that you do not want the bonus, then there is no restriction on when or how you can withdraw your money. You can simply do a couple of trades, and then ask them to pay out your money, no problem. In fact, this is what we suggest you do.
Trading Account Deposits
Funding your trading account with 24Option is very simple, and they provide multiple means of transferring money to your account. The following payment methods are accepted:
- Wire Transfer
You will be able to start trading almost instantly after funding your account, so you don’t need to worry about having to wait a long time before starting.
24Option Review: Trading Platform
The TechFinancials trading platform that is used by 24Option allows for simplified binary options, exotic and ladder options, with a proprietary forex (spot) trading technology in a simplified trader environment. The TechFinancials Group is listed on the London Stock Exchange AIM market under the symbol: TECH. This gives me a lot of confidence in this trading platform, they would definitely not be listed on the London Stock Exchange unless they were really good at what they do.
I was also impressed to see that they offer a free signal service when you sign up when them.
The 24Option mobile trading platform is very slick, take a look at the screen capture below. The interface is clean and provides an excellent interface for trading Binary Options on your phone.
Their mobile trading platform even allows you to deposit money into your account directly from their mobile app. This is a feature that I haven’t seen anywhere else yet, and it certainly makes it very convenient for traders that might not always have access to a desktop computer.
The 24Option mobile platform has received a very high rating of 4.0, so you can trade with confidence on your phone, knowing that the app will perform as it should.
Binary Options Trading Types And Range Of Returns
- Types of Options: High/Low, Above/Below, Touch/No Touch, High Yield Touch, Boundary, High Yield Boundary, 60 Second
- High/Low Payout Percentage: 70-85%
- Touch/No Touch Payout Percentage: 70-77%
- Boundary Payout Percentage: 65-70%
- High Yield Touch Payout Percentage: 200-350%
- High Yield Payout Percentage: 200-350%
- 60 & 30 Second Payout Percentage: 70-85%
24Option Offers Binary Options Trading of The Following General Assets
- Forex pairs
With the following expiries:
- 30 seconds
- 60 seconds
- 2 minutes
- 5 minutes
- 15 minutes
- 30 minutes
- 1 hour
- 2 hours
- End of the day
- End of the week
24Option Trading Assets Index
The trading assets that 24Option offers is very comprehensive, see the trading asset index below for a full list. These assets are offered for the trading Hours (GMT Time):
Mon – Fri 05:00 – 22:00
EUR/USD – Euro and US Dollar
GBP/USD – British Pound and US Dollar
EUR/JPY – Euro and Japanese Yen
GBP/JPY – British Pound and Japanese Yen
USD/JPY – US Dollar vs Japanese Yen
EUR/GBP – Euro and British Pound
AUD/USD – Australian Dollar and US Dollar
USD/CAD – US Dollar and Canadian Dollar
EUR/TRY – Euro and New Turkish Lira
USD/CHF – American Dollar and Swiss Franc
USD/TRY – American Dollar vs New Turkish Lira
NZD/USD – New Zealand Dollar and American Dollar
AUD/NZD – Australian Dollar and New Zealand Dollar
AUD/JPY – Australian Dollar vs Japanese Yen
CAD/JPY – Canadian Dollar and Japanese Yen
CHF/JPY – Swiss Franc and Japanese Yen
EUR/CAD – Euro and Canadian Dollar
GBP/CAD – British Pound and Canadian Dollar
AUD/CHF – Australian Dollar and Swiss Franc
GBP/CHF – British Pound and Swiss Franc
CAD/CHF – Canadian Dollar and Swiss Franc
NZD/CHF – New Zealand Dollar and Swiss Franc
EUR/AUD – Euro and Australian Dollar
GBP/AUD – British Pound and Australian Dollar
EUR/ZAR – Euro and South African Rand
USD/ZAR – US Dollar and South African Rand
USD/RUB – US Dollar and Russian Ruble
USD/MXN – US Dollar vs Mexican Peso
EUR/NOK – Euro and Norwegian Krone
USD/NOK – US Dollar and Norwegian Krone
AUD/CAD – Australian Dollar and Canadian Dollar
24Option provides the following commodity assets for trading Binary Options:
This is the price of 1 ounce of gold in Japanese Yen XAU/JPY is pronounced as Gold-Yen Trading Hours: 08:00 – 20:30 GMT Mon – Fri
This is the price of 1 ounce of gold in Euro XAU/EUR is pronounced as Gold-Euro Trading Hours: 08:00 – 20:30 GMT Mon – Fri
This is the exchange rate of 1 ounce of gold in silver Traders can diversify their investment portfolio by trading gold against silver in the market. XAU/XAG is pronounced as Gold-Silver. Trading Hours: 08:23 – 20:30 GMT Mon – Fri
The following stocks are provided for Binary Options trading by 24Option:
British Petroleum PLC
Westpac Banking Corporation
Tata Motors Ltd
24Option Binary Options Trading Education
Comprehensive Binary Options training is provided through the 24Option.com website, and once you sign up you will have full access to all of their training materials. Their trading education surpasses anything else I’ve seen on other Binary Options broker sites, and it will definitely give you a full background on how to trade Binary Options.
This 24Options review also found that their training materials include impressive detailed strategies on how to trade, including aspects such as Breakouts, ABCD patterns, Support and Resistance and Ranging/Converging markets with many more examples.
If you need a Binary Options broker, then 24Option is one of your best options. You can sign up with them with no hesitation.