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24option – Broker Review and Trader Feedback

4.4 / 5

24option is one of the largest European brokers specializing in binary options. This company is proud of the transparency of their trading platform and has the highest trading limit in the industry of $50,000 per trade. 24option.com offers the following types of contracts: standard binary, ‘touch’, ‘interval,’ and 60-second options. In Europe, 24option is regulated by CySec (license number 207/13) and follows the norms and regulations of MiFID. Binary options traders in dozens of countries around the world agree that this company’s trading platform is the most comfortable one among those available on the market today.

Awards and sponsorship
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1. General information

24option is one of the biggest binary options brokers in the world and is regulated by the EU and also follows the norms and requirements of MiFID. 24option’s platform allows brokers to use modern trading instruments and to choose from a vast selection of assets. In addition to that, users of this platform can remain mobile at all times and continue trading from anywhere in the world as long as there is an internet connection available.

24option shows their interest in each trader’s success by offering them a variety of useful services. For instance, their learning centre allows access to a lot of information on peculiarities of successful trading, and will allow novice traders to get the basic knowledge to ensure a successful start to their career. All traders can access video lectures, digital books, webinars, and personal training programmes at all times. All lessons are aimed at really wide audiences and can be useful to traders with different levels of experience.

Clients of 24option are offered one of the most modern packages of services in binary options trading, including over 100 assets in four financial markets (currencies, stocks, indices, and commodities). They also have access to different types of options, including turbo options, ‘touch’ options, ‘border’ options and many others.

With a stable reputation and a serious approach to business, 24option have managed to become partners with a number of ‘star’ companies. Among some of the brightest of their partners is the legendary ‘Juventus’ football club.

2. Advantages and Disadvantages

Regulated by the EU: 24option have a valid CySec license and follows the rules laid out in the MiFID directive.

Free trading signals: 24option offers all of their clients free access to trading signals to help them make decisions and better understand the current developments in the market.

Demo-account: The company allows their clients to get themselves acquainted with their trading platform in a risk-free environment.

International awards: The quality of trading services offered to their clients by 24option has gained them numerous awards in the area of finance technologies. Among those, the Forex Magnates 2013-2014 and EGR Operator Awards winner 2014.

Timely pay-outs: The fact that the broker follows the MiFID regulations means that they are obliged to allow their clients to deposit and withdraw money as fast as possible and they show good awareness of the individual needs of each separate client.

Early closing of transactions: This service allows traders to close the trade before the expiration of the option and to gain part of the profit from the trade (between 10% and 70%).

24/7 client support: One can get assistance at any time of the day. Besides, your personal manager will make sure that you fully experience the professionalism in the company’s approach to business.

Relatively high minimum bid: Compared to the average level of the industry's contribution threshold, 24option has fairly high minimums, which stand at $24 per trade.

3. Trading Conditions

This broker offers their clients their own trading platform, which has been developed to meet the requirements of the company and is constantly updated and perfected. With a minimum deposit of $200, this company is closer to the industry’s higher end of deposit requirements; however, the fact that they also offer a demo account, which means that one can get oneself acquainted with the platform in a risk-free environment, balances this out. A minimum bid on this platform is $24, which is also quite high compared to some of the “low-cost” brokers. That is why it is advisable to start live trading with relatively low-volatility assets, or a higher working capital

4. Tradable Assets

24option offers its traders over 100 different assets, including currency market instruments, commodities, stocks of largest international companies, and also some of the most important worldwide indices. This allows one to place diverse bets on macroeconomic events and respond to global market trends. Experienced forex traders will appreciate the variety of currency pairs, which involve the classic EUR/USD, USD/JPY and USD/GBP, as well as the more exotic ones - for example USD/MXN, NZD/CHF or CAD/JPY.

5. Trading Platform

Contrary to most of their competitors, 24option have chosen not to integrate ready-made technical solutions into their platform. Instead, they have created one of their own, which, according to the broker, is user-friendly, efficient, and keeps your funds safe.

24 option offer four types of option contracts: ‘higher/lower’, ‘one touch’, ‘border’, and 1 minute contracts:

  • The ‘high/low’ option is one of the most popular ‘classic’ binary options. In this case, a trader forecasts whether the price of a core asset at the time of expiration is going to be higher or lower than at the time of entry. If the forecast turns out to be correct, one’s profit will reach up to 89% of the bid.
  • In the case of the ‘one touch’ option, the success of the trade is determined by whether the price of the core asset reaches a certain predetermined level and allows one to trade on the degree of volatility of market prices.
  • ‘Border’ options are, by nature, similar to the ‘one touch’ ones. However, in this case the price needs to reach the predetermined area.
  • And finally, the 60 second option is good for those who are confident about their trading skills and want to make profit from the smallest fluctuations of market prices.

6. Types of Accounts

24option offers three types of accounts which are all aimed at different categories of traders: a ‘Standard’ account for novice traders, a ‘Gold’ account for experienced traders, and a ‘Platinum’ account for those absolutely confident in their skills and planning to operate with larger sums of money.

All clients of the company, including those who open a ‘Standard’ account, have access to all functions of the platform and also to all asset categories. Moreover, all clients have access to training materials of the company, and can also benefit from free client support, which is not such a common thing among binary options brokers.

‘Gold’ and ‘Platinum’ account owners can also get some more personalised services, such as personal financial advisory and priority technical support. In addition, VIP accounts offer higher profitability levels for each trade with a 2% addition for ‘Gold’ account owners and 4% for ‘Platinum’ clients.

7. Deposits and Withdrawals

One can apply to register with 24options through the company’s home page by filling out a form with their personal information at the top of the page and by confirming their age (one needs to be older than 18). Fund deposits and withdrawals can be done in a number of ways, involving various credit cards and digital wallets, such as Skrill (Moneybookers) and MoneyGram. Bank transfers are also possible. For the latter, one needs to get in touch with the support services for detailed information about the minimum deposit amounts for bank transfers. Both deposits and withdrawals are possible in several currencies: USD, GBP, EUR, and JPY.

In order to withdraw funds, one needs to fill out a form under the ‘finance operations’ tab of their personal account area. It is worth paying attention to the fact that following the policy of the company, funds can only be withdrawn to the accounts that one had used to make a deposit. This minimizes the risk of having one’s funds withdrawn by third parties. In accordance with the current legislation and MiFID policies, in order to withdraw funds, one needs to provide a copy of an ID document, a copy of a document confirming your current place of residence, and also a copy of both sides of the credit card (if funds are being withdrawn to a card). 24option does not have a cap on withdrawals, so the possible amount of withdrawal is only limited by the current state of your trading account.

8. Regulation

Thousands of traders all over the world highly appreciate the fact that the 24option is fully regulated by CySec (license number 207/13) and is licensed according to the EU norms and policies. Such oversight means that the company is obliged to follow the standards of services and transactions following the EU financial legislation.

9. Trader Training

Arguably one of the major strengths of 24option is their approach to the development of trading skills of their clients. Each trader can access free training materials which involve regular webinars, books on the art of trading, interactive online manuals, and also a series of video lessons. On top of that, each client is offered to test their trading strategies with the help of a demo account. This way, one can improve their skills and get used to the platform without having to risk their personal funds straight away.

10. Should I Trade with 24option?

Bearing in mind that for some years now, 24option has been setting the industry standards, one would really struggle to find ways in which it would be inferior to its competitors. Up until now, 24option has been the leader on the binary options trading market. The company values comfort, security, and speed of transactions, which means that the clients of 24option will benefit from the high quality service in a stress-free environment.

Reviews on 24option

Comments about 24option
( 18 )
User rating: 4.4 / 5

Comments: 18

  1. avatar
    Pierre
    14/03/2016

    Can I trade pair options on this platform? THanks

    • avatar
      Jimmy loof
      25/01/2024

      Highly Recommended!
      Very insightful, i will also say this here. Investment is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It’s hard to know how to get started. Trading on the Cryptocurrency market has really been a life changer for me. I almost gave up on crypto at some point not until saw a recommendation on Elon musk successfully success story and I got a proficient trader/broker Mr Bernie Doran , he gave me all the information required to succeed in trading. I made more profit than I could ever imagine. I’m not here to converse much but to share my testimony; I have made total returns of $10,500.00 from an investment of just $1000.00 within 1 week. Thanks to Mr Bernie I’m really grateful,I have been able to make a great returns trading with his signals and strategies .I urge anyone interested in INVESTMENT to take bold step in investing in the Cryptocurrency Market, you can reach him on WhatsApp : +1(424) 285-0682 or his Gmail : [email protected] bitcoin is taking over the world, tell him I referred you….

      5/5

  2. avatar
    GeorgetheSecond
    14/03/2016

    Registered an account yesterday, waiting for the deposit to show up inside my personal dashboard, will report on the trading experience once I get a chance to try it out.

    • avatar
      hannah barron
      17/05/2024

      TAKE A MINUTE OF YOUR TIME TO READ THIS. This is my story, and how one person changed my life for good.
      I lost my job and there was no hope for me. I suffered looking for a job and luckily I came across Mr Bernie Doran on a review about Forex, NFT, Binary, and Crypto trade. I borrowed
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      5/5

  3. avatar
    Susan Maria
    14/03/2019

    Hello

    We are working in conjunction with the (Market Security agencies and The U.S Investment Security) these is a body set up by the Binary Option Trading Community to act as a check on the activities of Broker Companies in making sure that all Broker, Companies are rendering the very best of its subscribers and also protects their subscribers right.
    which is a licensed and registered company under CySec, FCA, MiFID and a host of other regulatory bodies which allows them to have a backend access to all Broker Platforms even when they are up and running or not and as such your account can still be accessed even when the website is down so you have nothing to worry about all you need is to upgrade your trading account to a TPM account so that you can be able to withdraw your funds, you will get your funds back once the upgrade is successfully done.
    Thanks

  4. avatar
    mary
    03/12/2019

    please be careful and invest wisely

  5. avatar
    Obmanuli
    16/04/2020

    Денежные средства были вложены на сайте аналитики компани просто «слили» депозит

    1/5

  6. avatar
    Allison wick
    10/08/2022

    Having tried various platforms all starting up with amounts to start up then followed by an instant request to upgrade in the most dishonest way being asked to pay more. So daunting is also when they ask for commission before withdrawal, these requests don’t stop they keep coming one after the other and then all of my investment was lost. Luckily chargebacksecured com helped me recover all of my funds back in the most professional manner.

  7. avatar
    Pamale Bacon
    06/04/2023

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    5/5

  8. avatar
    Sofia
    17/05/2023

    I stated communicating with a man claiming to come from the United states online around 6 months ago and everything was going well till he started demanding for money from me . I was forced to send over $280,000 to him, i sent this in batches and when i was almost going broke i told him i am not sending to him again . He became abusive for some days and he deleted my contacts, i was so devastated and i was really disappointed that i could be scammed but it could have happened to anyone so I had to find a way to get back and bounce back my feet I search for a way and contacted a recovery firm via gmail ( [email protected] ) am happy that i was able to recover more than $410,000 I will recommend the recovery firm to anyone with similar issues

    5/5

  9. avatar
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    16/07/2023

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    1/5

  10. avatar
    Louise Elizabeth
    14/08/2023

    WDCMARKETS is a scam, I invested a lot of money in this company and everything was going good until I said I wanted to withdraw and all my money was gone. I paid 240,000 Euros, don’t trust them,
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    1/5

  11. avatar
    Kesser Robert
    14/10/2023

    It’s really so hard to believe that this company was set up to make people as well as investors to lose their funds and to regret their actions. I was so dumb to have associated myself with this scam scheme and i faced the consequences by losing some money at first , but I was reimbursed through the help of professionals from cp-investigation (.) com and I was told to be careful of most investment companies out there.

    2/5

  12. avatar
    koven
    07/11/2023

    I invested over $250k trading online and all access to make withdrawals of my funds was denied, I got in contact with the customers support but didn’t get a reasonable response from them, all my funds including my profit was stuck on the platform. I was so sad being frustrated over things, until I was advised to contact gavin ray a well known recovery specialist by a friend of mine who has also encounter withdraw issues solved by Gavin , I texted him and presented all legal documents and following all procedures he instructed and he successfully initiated the withdrawal confirming the payment into my bank account, i recommend his services to anyone you can contact him on email gavinray78 gmail com or WhatsApp ‪+‪1 (352) 322‑2096‬.

    1/5

  13. avatar
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    16/02/2024

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    2/5

  14. avatar
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    04/03/2024

    I read so many stories about bitcoin loss to scams. I will like to start by saying the agencies responsible for bitcoin security has really done nothing to help locate stolen or lost coins. In my situation my MacBook was hacked by someone that had access to my emails, i immediately contacted blockchain and they only wasted my time, after which i worked towards getting help else where, i was referred to consult a bitcoin expert who helped track and retrieved my 3.3 btc, for an agreed fee. I was more than grateful, Thankful i didn’t fall victim and would like to recommend ( MORRIS GRAY 830 @ G maiL . COM ).

    2/5

  15. avatar
    Linda
    13/04/2024

    Over a month ago I lost $378000 to a fake trading company when i wanted to make a withdrawal from my trading account my account manager keep asking me to pay more fees to enable me withdraw my capital money and my profits, I was stressed out and frustrated at that moment couldn’t find legit help anywhere. Lucky enough I got referred to a lady called Trish flora who helped me to recover all my funds and also guide me on how to make a successful withdrawal, this lady is a genius she recovered the full amount which got me speechless God bless you trish flora greetings from Florida!!! You can also send a direct message via her personal gmail address ([email protected]) contact her she can also help you out

    5/5

  16. avatar
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    27/04/2024

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    1/5

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