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24Winner – Binary Options Broker

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Review of the broker 24Winner

24Winner is a regulated broker specializing in binary options, which was founded in 2013 and is based in Cyprus. This company is known to be properly regulated and for the variety of services offered to its customers, including various types of binary options (Above/Below and Touch/No Touch) based on a lot of underlying asset of different categories. This broker also offers a comprensive online trading platform.


Broker type

24Winner is a binary options broker.


Country of origin

The company headquarters are located in Cyprus


Regulation

This broker is licensed by CySEC (Cyprus Securities and Exchange Commission, license number 092/08), the regulator of financial services in Cyprus. This allows 24Winner to operate without restrictions in all countries of the European Community while ensuring the quality of services of this company.


Underlying Assets

24Winner offers its clients the ability to trade with binary options based on the following underlying assets:

  • Currency Pairs: 17 currency pairs of the Forex spot market, including the most important and popular as the EUR/USD, GBP/USD and USD/JPY, and other more exotic and less known as the NZD/CHF for example.
  • Commodities: 7 of the most important and traded commodities in the market, such as precious metals (gold and silver), natural gas, coffee and corn.
  • Bitcoin: This broker offers binary options in which the trader can speculate on the value of the digital currency Bitcoin relative to the US dollar.
  • Stock indices: 10 of the most important and followed stock indices in the market such as the S&P 500, NASDAQ, ASX 35 and IBEX.
  • Stocks: 38 of the most important shares of the major stock markets in the US, Europe and Asia, such as Google, Microsoft, Apple, Goldman Sachs, Walmart, Siemens, BP, Deutsche Bank and others.
  • Bonds: The trader has the ability to trade with binary options based on the 10-year and 30-years US Treasuries.

Binary options types

Customers of this company have the ability to trade with the following types of binary options:

  • Above Below (High/Low) binary options:  These are the classic binary options, which due to their relative simplicity and high potential returns are the most common and popular among traders who regularly trade with these instruments. In this case, the trader has to predict whether the price of the underlying asset will finish above or below the strike price of the option (usually it is the market price at the time the position is opened) once the contract expires. 24Winner offers High/Low options with maturities ranging from 1 minute to several days.
  • Touch/No Touch binary options: These are American style binary options (can be exercised and settled before the expiration date), which are a bit more complex compared with Above/Below options. With these options, the trader has to determine if the underlying price will reach (touch) or not (No Touch) a certain price level or barrier. If the barrier is reached prior to expiration, the option is exercised and automatically liquidated even if the expiration of the contract period has not ended (the option ends In the Money or Out The Money).
  • 60 seconds binary options: This is a special type of Above/Below binary option which is characterized by a duration of 60 seconds. Therefore, these options are ideal for quick market trades and profit from micro-movements in the price, especially in volatile assets such as certain currency pairs and commodities like gold and silver.
  • Custom binary options: Basically, these are Above/Below options in which the trader can determine the main parameters of the contract, as the underlying asset, the maturity and the level of risk/benefit of the trade. Thus, speculators can trade with binary options that best suit their trading style.
  • One Touch Options: A variant of the Touch/No Touch options, in which the trader has to predict whether the price of the underlying will reach a certain price level. However, unlike the regular Touch/No Touch options, the target price of these trades is further and more difficult to reach and therefore these contracts provide a payment of up to 500% of the amount invested by the trader.
  • Pair binary options: A special type of binary option in which the trader speculates on two underlying assets rather than one, so that the investor will have to determine which assets will have the best performance over the other. Usually these options are based on pairs of assets of the same type, such as 2 stocks in the same sector (Facebook vs Google), precious metals (gold vs. silver) and stocks against indices (Nasdaq vs Apple).


Payment offered by 24Winner

The yields offered by this broker for winning trades (binary options that expire In The Money) depends mainly on the type of binary option, the underlying asset, the expiry of the contract period and the market conditions. These yields are shown below:

  • High/Low binary options: A benefit of 70% -90% of the amount invested in the option contract.
  • Touch / No Touch options: A benefit of 70% -90% of the amount invested in the option contract.
  • One Touch Binary Options: A benefit of up to 500% of the amount invested in the option contract.
  • Options binary pairs: A gain of 70% -90% of the amount invested in the option contract.

Trading accounts

24Winner offers three types of trading accounts for clients of different profiles which are described below:

Service/Account

Starter account

Pro account

VIP account 

Welcome bonus

Up to $250

Up to $500

Up to $2500

Minimum deposit

$200

$1000

$5000

Account manager

1 personal account manager

1 professional account manager

1 specialist account manager

Customer Protection Insurance 

Yes

Yes

Yes

Access to web/mobile platform

Yes

Yes

Yes

Reports of Trading Central&SMS Signals

No

No

Yes

1-1 Training

An introductory 1-1 training session

3 hours of 1-1 training monthly

Unlimited 1-1 training

Free e-books

A guide for beginners traders

Guides for beginners and experienced traders

Guides for beginners and experienced traders

Access to video library

Yes

Yes

Yes

Access to researches, news, alerts and market updates

Yes

Yes

Yes

Support outside of trading hours

No

No

Yes

Access to risk management tools

Yes 

Yes

Yes


Trading platform

The main trading platform of this broker is a web based application, which can be accessed on the website of 24Winner from anywhere with an Internet connection, which gives the trader more flexibility in their trades in the market. This platform is designed specifically to trade with binary options of various types (including Above/Below and Touch/No Touch) based on underlying assets of various types. It also has various position management tools that can be useful for the trader. It has a simple interface that allows the trader to select the type of option, the underlying asset, the amount to invest (premium) and the maturity period with a few clicks. This platform also includes several features such as updated quotes, a record of the market behavior and price charts of the underlying assets offered by 24Winner.

24Winner platform has a number of tools, known collectively as Pro Option, which enhance the flexibility of binary options trades and the strategies of the trader.

  • Roll Over: A function that allows the trader to increase the maturity of a binary option to have a longer duration. This tool can be useful in those trades where the trader believes that a position that at the moment is in the losing zone (Out The Money), is likely to finish with as a winning trade if the expiration period is extended. However the use of this feature has a cost and there is always the possibility that the option expires Out The Money even with the increased maturity period.
  • Double Up: This tool offers the trader the ability to double the volume of their transactions with binary options. For example, if an option is near its expiration time and the trader believes that the underlying price will continue on the same upward or downward direction, he or she can create a new position with the same conditions but with the current price of the instrument or underlying market. That is, this feature allows the customer to double the profits that can be obtained in one trade.
  • Buy Me Out: This function allows the trader to sell an option back to the broker before the expiration occurs.  It can be helpful when the trader believes that a option will finish Out The Money due to the market behavior, and thus is a way to lock in profits or minimize losses in one trade. When this feature is used, the broker offers a price to buy the option and the trader has the possibility to accept it or not. If the market moves in the direction predicted by the trader, the amount offered is a percentage of the gain that the customer would have won if the option expire at the time, but if the market direction is opposite to that predicted by the trader the amount offered by the broker is a percentage of the initial amount invested.
  • Option Builder: A tool designed to allow the investor to trade with their own custom binary options, which can be tailored according to their trading strategies. This feature allows the trader to set the main parameters of the option, such as the maturity period and the level of benefit/risk of the trade, among others.

-Platforms for mobile devices: 24Winner offers several platforms designed to access the account and trade with binary options from various mobile devices including smartphones, for example. These applications provide updated quotes of the underlying assets, price charts and functions to open and manage binary options trades.


Demo account

Not at the moment, but the account opening is free


Payment Options

The methods accepted by the company for the deposit and withdrawal of funds by customers are:

  • Wire transfer.
  • Credit card (VISA as the most important and Martercard).
  • Skrill.
  • Neteller.
  • Webmoney.

-Deposits can be made in dollars, euros and british pounds.


Other advantages of 24Winner

The main advantages and services offered by this broker to its clients are:

  • It is a properly regulated broker that is licensed by CySEC of Cyprus.
  • 24Winner regularly offers different promotions for clients such as welcome bonuses up to 100% for traders who open a new trading account and deposit funds.
  • The company offers extensive assistance out of service hours to customers who have a VIP account.
  • Traders has the ability to extend the maturity of a binary option or duplicate a winning trade if they think the market will continue behaving favorably.
  • 24Winner offers a personal account manager for all clients.
  • This broker offers market reports from Trading Central and trading signals via SMS.
  • The clientes of 24Winner have access to research news, alerts and updates.
  • Various educational resources on binary options and the market in general, among which we highlight:
    • Ebooks for beginners and experienced traders.
    • 1-1 training with an expert on binary options.
    • Articles about options markets and financial markets on the website.
  • Insurance protection for all customers.


Main promotions of 24Winner

The main offers of this broker are:

  • A welcome bonus up to 100% for new clients that open an account and deposit funds.

Company

24Winner

Minimum account size

200 US dollars or euros.

Minimum transaction size

$10.

Maximum transaction size

$1.000.

Link to the website

The broker is closed

Open an account

The broker is closed

 
 
 
 

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