Review of the Binary Options Broker 24Option
24option is a binary options broker that offers dozens of underlying assets to trade with options in the market such as Forex, commodities, indices and stocks of various markets. This broker was funded in 2008 in UK and offers various types of binary options (including Above/Below and One Touch), a web based platform and regular promotions (mainly cash bonuses) for new clients.
Type of Broker
24option is a Binary Options Broker
Country of origin
The headquarters of 24option are located in London, England.
24Option is a company regulated by CySEC of Cyprus (License Number 207/13).
This broker allows to trade with binary options based on the following assets:
- Forex: 11 different currency pairs such as EUR/USD, GBP/USD and USD/JPY among other.
- Indices 5 different stock indices like FTSE-100, NASDAQ Composite, Dow Jones, DAX 30 and IBEX 35.
Commodities: Gold, oil and silver, the most traded commodities in the world including oil.
Stocks: 13 of the most important stocks from the US market and the European market, including Apple, Google, Barclays and Lloyds among other.
Types of Binary Options
24option offers the possibility to trade with the following types of binary options:
- Above/Below Binary Options: This is the most common type of binary options, in which the trader must predict whether the underlying asset price will be above or below the entry price after the end of the period of the option.
- One Touch Binary Options: In this type of binary option, the trader must determine whether the underlying asset price is going to reach or not a particular price level before the end of the period of the option. Generally it offers higher returns than Above/Below options.
- Range Binary Options: In this case, the trader must determine whether the price of the underlying asset of the option will remain or not within a range of prices (formed by a higher and a lower price level) upon completion of the expiration period of the option.
*The trading platform of 24option allows open positions to be closed out prior to the scheduled expiry time, in order to ensure that the option closes “In The Money” and produce profits.
Payments Offered by 24option
This broker offers three types of trading accounts depending on the amount of capital deposited by the trader. All accounts of 24Option offer the basic services of this broker, including a web based trading platform and all underlying assets mentionated above to trade with binary options. The main features of these accounts are the following:
- Standard Account: It is the regular trading platform of this broker. This account offers the basic services of 24option including access to its trading platform, access to all types of binary options offered by this company and the possibility to trade with options based in many underlying assets like currency pairs, stocks and other. Account holders receive trader assistance 24 hours a day and other additional services such as access to an exclusive video center.
- Gold Account: This is a trading account created for more experienced traders which offers full access to all basic services offered by this broker. This account offers many features such as access to an exclusive video center, trader assistance 24 hours a day and a personal training session with one market expert of 24options. Also, Gold Account holders receive an extra 2% return in every trade.
- Platinum Account: This trading account is designed for professional traders so it offers many features for the investor. It includes full access to all regular services offered by 24options as well as a number of additional services such as access to an exclusive video center, trader assistance 24 hours a day, personal training session with one market expert of 24options and a dedicated personal coach whom can be contacted anytime. Also, Platinum Account holders receive an extra 4% return in every trade.
-This broker offers an easy to use web based platform with all the functions need it to trade with Binary Options. This platform can be accessed through the company´s website and provides a greater flexibility to the investors in their trades. This application includes the following sections:
- Option List
- Trade Box
- My Open Trades
This platform includes a function which allows to close an option before the expiry of its maturity period. Thanks to this tool the trader can ensure the earnings produced so far for a binary option in those trades in which he consider that the market can change its trend at any time before the option expires which can transform a winning trade in a losing one. When we close early through this funtion, we exit option at a percentage of the expected return.
-Mobile Trading: 24Option offers a web-based platform which is designed to access the trading account, open new trades, check the markets and more from any mobile devices such as smartphones, tablets and mobile phones. Through this 24Option´s mobile site the trader can get charts, news, and access to all the financial tools offered by this broker in anyplace with an Internet connection.
Yes, with no limit of time.
Main Advantages of 24option
- 24Option is a fully regulated broker (CySEC of Cyprus).
- This broker offers regular bonuses for real trading account opening and the deposit of funds. The amount of these bonuses can vary over time.
- 24option has a good customer service by e-mail, telephone and chat in the website of the company.
- It offers a lot of instruments for trading (the underlying assets of the Option´s contract), such as currency pairs, stocks, indices and commodities.
- The trader has the possibility to trade with three types of Binary Options.
- This broker offers an intuitive an easy to use web based trading platform.
- No commissions and no fees of any kind.
- The accounts can be opened in US dollars and euros.
- 24Option offers the possibility to trade with binary options from any mobile devices such as tablets and smartphones.
- The client can get a free binary options guide when he open a trading account and deposit funds. This free ebook explain the basics of binary options and the trading with this instrument.
- This company offers free webinars twice a week which focus on binary options trading and how to tradesuccessfully with this financial product. Another educational tool of 24Option is a series of free educational videos on binary options available to all customers.
- Also, the trader has the possibility to close open positions prior to the scheduled expiry time in order to ensure profits.
- 24Option offers a free trading signals service for all its clients in conjuntion with Fauna Analytics.
- This broker also offers free trading education (of basic level) through its website related to binary options.
- All clients of this company can participate in a weekly trading contest which offers cash prizes for the best 5 traders.
- 24option offers the possibility to earn money by promoting its services as a broker through an affiliate program called 24option affiliate, which is owned by the company. Other affiliate program that promotes this broker is VIPAffiliates.
Main Brokers Offers
It offers a bonus of 24% for the clients that open a trading account and deposit funds. This bonus is deposited in the trading account and can be used to trade with Binary Options.
|Minimum account size||250 US dollars/euros.|
|Minimum transaction size||10 US dollars/euros.|
|Maximum transaction size.||2500 US dollars/euros.|
|Link to the website||24Option Website|
|Open an account|