24Option is a relatively new company founded in 2010 in London. There is something unique about that broker you will recognize immediately: Their design and CI is top notch and you feel very welcome as a new trader. The demo account is also something that you won’t find at every other broker. This way novice traders can get used to binary option trading and work on their trading strategies.
24Option wouldn’t be one of the leading brokerage companies if the profits were not in the upper range. VIP returns up to 89%, a mobile responsive website and excellent customer service are just a few things that make this broker stand out from the crowd.
Open a Demo or a Live Account
Headquarter: London, UK
Languages: English, German, French,…
min. investment amount: $24
max. investment amount: $50.000
Payout: up to 91%
Option Trading at 24Option
It doesn’t matter if you prefer currencies, stocks or indices or even commodities, 24Option is a very solid broker. You have several different trading strategies to choose from. Besides the standard “High/Low” options, you can also trade with “Range”- and “One Touch” Options. That means you have a wide variety of options that can be adapted to your risk- and money management.
As a standard trader you will benefit from a payout of 85% and in case your option is out of the money you will still get up to 15% back. But that’s not all: Thanks to the 24Option VIP program (that is similar to OptionsClick), you can increase your payout by 4% to 89%. More details are provided below.
If you trade professionally you will find a safe place with 24Option. You can make transactions up to $15.000. This should be enough even for traders with a large amount of trading capital.
To start trading you don’t have to download complicated software. The 24Option platform is a web-based platform that enables even inexperienced traders to start easily. As already mentioned, the design is very attractive and makes trading comfortable. All important functions are well sorted and it doesn’t take long to get used to the platform.
Something that we really liked when we were making our review was the fact that 24Option is available for many different mobile devices. It doesn’t matter if you have an iPhone, Android, Blackberry or others – at 24Option you can control all your trades remotely.
Similar to OptionsClick, there’s an “Early Closure” feature that enables you to buy the option back when the option is currently in the money but the trend is changing against your favor. This is possible until 5 minutes before the expiration date.
Deposit and Withdrawal
24Option offers several different options to add funds to your trading account or make a cash-out. Besides standard wire transfer and credit cards you can use eWallets like Skrill or even Liberty Reserve.
24Option Bonus and VIP Program
Please be aware that the CySec prohibits brokers to offer deposit bonuses starting from 2017. Thus 24Option will not longer be able to offer any bonuses.
Service and Customer Support
In our review the 24Option live chat worked very smooth and fast. There’s a 24/5 support on the line and you can use live chat, email or phone.
Experiences with 24Option
24Option is a great broker. After opening the trading platform for the first time, you will see why. Novice traders can open a demo account and start trading without any risk. Professionals with large trading funds will like the 24Option VIP program and their unique trading features.
- VIP program
- Bonus offering
- Demo account
- High Payout
- “Early Closure” feature
- Own mobile trading applications
- Available in different languages