24option Review

Our Rating
9.1
Pros: Trade in 10 Languages, Great Support Team, Many Educational Resources, Attractive Trading Platform
Cons: Longer Expiry Times are Required
User Rating
10.0
(1 votes)
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Rating: 10.0/10 (1 vote cast)
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24option Overview:

24option was founded in the October of 2010, and is a well-known binary options broker today. The website is famous for its unique black color, appealing to new traders.

You can trade the world’s leading assets on this trading platform during market hours. There are several different expiry times, giving you some flexibility. You can receive up to 85% for your option expiring in the money. Out of the money can pay a high of 15%.

This broker is hungry to continue being ahead of much of the competition, as they are ready to develop new trading features.

Payouts: In The Money 85%
Payouts: Out Of The Money 15%
Minimum Deposit $200
Minimum Trade Amount $24
Maximum Trade Amount $3000
Traders from USA Allow
Demo Account Yes
Platform Type 24option
  • English
  • Japanese
  • Spanish
  • Italian
  • French
  • Indonesian
  • Arabic
  • Turkish
  • Romanian
  • Portuguese
  • EUR
  • USD
  • GBP
Up/Down Yes
Touch Yes
Boundary Yes
Deposit Options Credit Card, Wire Transfer, Ukash, MoneyGram, Liberty Reserve, Western Union, cashU, MoneyBookers
Withdrawal Options Credit Card, MoneyBookers, MoneyGram, Wire Transfer, Western Union, cashU, Liberty Reserve

24option Review:

 

Usability – 0.9/1

You can trade binary options the way you like with this 100% web-based trading platform. There is a good amount of bonuses to choose from, adding to any trader’s experience. The latest bonus offer is the iPhone 4S, which is a favorite with many customers.

Among the best sections are the FAQ and the Glossary, because they contain the required information to become a successful trader in today’s market.

The signup process is quick and simple. You can also choose from regular binary options, and the High/Low, Touch/No Touch and Boundary options. These features are ideal for someone wanting to maximize their trading experience.

Payouts – 1/1

With high payouts, we had to give 24option the full marks it deserves. If your binary option expires in the money, then you may earn up to 85% return. Out of the money scenarios pay up to a maximum of 15%.

Deposits & Commissions – 0.7/1

You may deposit from $200, while maximum deposits are capped at $10,000. Accounts may be denominated in GBP, EUR or USD. There are some hefty withdrawal fees. Credit card withdrawal is $30, wire transfer withdrawal is $30 and electronic wire transfer is also $30. There are no current trading commissions at 24option.

Payments Options – 0.9/1

Deposit to your trading account via a number of deposit methods. These include debit card/credit card, Ukash, wire transfer and various other methods.

No. of Assets – 0.6/1

The number of assets at 24option is low for the binary options industry at 37 underlying assets. This includes 3 commodities, 12 currency pairs, 9 stocks and 13 indices.

Vodafone
Lloyds

British Petroleum PLC (BP)
Barclays PLC

Google Inc.
Apple Inc.

Telefonica SA
France-Telecom
Societe Generale

FTSE-100
DAX-30
Dow Jones

Nasdaq Composite
IBEX-35
CAC 40 Future
S&P 500
Nikkei 225
SMI FUTURE
MIB-40 FUTURE
S&P 500
ASX 200 Future
Hang Seng Future

Gold

Oil

Silver

AUD/USD
EUR/GBP
GBP/EUR

EUR/JPY
EUR/USD
GBP/JPY

GBP/USD
USD/TRY
EUR/TRY

USD/CAD
USD/CHF
USD/JPY

Expiry Times – 1/1

The following are the available expiry times: 5 minutes, 15 minutes, 1 hour, 1 day and 1 week. This is a great choice for the binary options industry.

Platform Languages – 1/1

24option gives you the ability to trade in any of 10 global languages. These include English, Japanese, French, Italian, Spanish, Turkish and much more.

Platform Features – 1/1

We decided to give 24option top marks with regards to platform features. There are a number of important sections on the website that have proved to be very useful to traders. These are the Glossary, Trader Manual and Trading Basics.

You will find the Asset Index, Expiry Calculation, Early Closure and the Banking Page ideal tools while you trade binary options with this broker. Using these tools to their fullest will assist you in becoming successful with binary options trading.

The above are just some of the features which 24option has that will help ensure this broker is a viable competitor in the years to come. It will be interesting to see if they keep their black background, or change it to a different color. 

Special Offers & Bonuses – 1/1

There is no doubting that this broker has among the best loyalty offers in the industry. Regular bonuses are available for all type of users.

Customer Support – 1/1

There are 12 international support numbers you may contact. This broker is also accessible via phone and live chat during business hours.

Pros:

  • Highly Appealing to Beginners
  • Special Video Education Center
  • Trading Simulator
  • High/Low, Touch/No Touch and Boundary Options
  • Early Closure Feature
  • Demo Account for New Traders

Cons:

  • No Daily Analysis on the Website
  • Terms Tied to the Bonuses
  • No PayPal Deposit Method
  • Too Few Underlying Assets

 

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24option Review, 10.0 out of 10 based on 1 rating
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1 Comment

  1. Avatar of
    Ted
    April 16, 2012, 9:48 am

    I have been using their platform for the last 4month and i never had any problem with them

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