24Option Review

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24OPTION is one of the pioneers in online binary options trading, and maintain a good reputation as an online broker. Traders from the United States are trade at this broker. They are user friendly to many countries and are fully regulated. They are owned by the same company that owns Trade Fair, known as 247 Holdings Group Ltd. Though the company was established in late 2009, it was not until 2010 before the site went public and allowed trades to be conducted. They have one of the best website appearances of all the trade sites. They are easy to navigate and make trading binary options an enjoyable experience.

Complaints

There are no complaints listed against the company at this time. With an outstanding reputation, it makes trading seem less of a risk with this online broker.

Platform

The trading platform is 100% web based, so there is never a need to download any software. They have a mobile app that can be utilized for those who have an iphone, ipad, Blackberry, and all Android based smartphones.

Virtual Trading

24options allows virtual trading for those who want to do a test run. To complete a test trade, the account holder must have a fully funded account in order to use the demo account feature. Real time data is used and the balance can be reset. This is one of the few virtual trading options available for binary brokers.

Trades

This site has a few standard types of trades, they are:

•High/Low
•One Touch
•Boundary
•Barrier Options/ Double “No Touch”
•In/Out or Boundary or Range

They also offer 60 Second Options, but at this time do not have trade options like Roll Forward, Triple Options or Options Builder.

Expiry times

They offer many trading time frames, they are:

•60 seconds
•5 Minute
•15 Minute
•30 Minute
•1 Hour
•1 Day
•1 Week

Assets

Trading assets is a favorite way to trade binary options. This site allows trading of the following:

•Stocks
•Commodities
•Currencies
•Indices

Payouts

The Binary Options Payouts are pretty good with this site, actually some of the highest amounts in online trading. They offer In the Money Payout between 80 to 310%.

Payback / Risk Management

They also offer Out of Money Payout (payback for loss) of up to 15%. Those who like some protection with their investments will like the risk management option. They offer protection rate or out of money payback of up to 15%.

Minimum/Maximum Trade Amounts

The minimum trade amount with 24optins is $24. The maximum trade amount allowed is $15-$20k.

Deposits/Withdrawals

The minimum deposit amount allowed is $250. To start an account is relatively simple. To make a deposit to start trading, one has many funding options to choose from. They accept a wire transfer, Western Union, Liberty Reserve, Money Gram, Money Backers and PayPal.

They do have special accounts but there are requirements. They offer the Standard, Gold and Platinum accounts. These accounts will entitle traders to special features and advantages that are normally not available to regular traders.

There is no limit to withdrawal. After a withdrawal is processed through the system, it will take approximately 5-7 days to receive the money. They offer the option of having a withdrawal by credit card with a 3.5% fee, wire transfer with a $30 fee, Skrill (Moneybookers) Digital Wallet with a 2% fee, Liberty Reserve with a 1% fee, as well as Money Gram, Western Union and Cash U. Traders have reported that there are no problems in receiving their payouts.
Education and Research

24option does not offer any research tools at this time. They do have an extensive online education program for their users to utilize. The have webinars that are both live and recorded, video training and other lessons and materials to be utilized.

The trader’s manual is for those who are new to this website and also those that are new to trading binary options. In this section a person can see current web content for market updates, as well as viewing history of stocks and the market itself. Those who are interested in finding out more about the company can also look under this tab. Any questions about trading with this site should be answered in this section. They also offer trading directly from the stock or pair chart.

Customer Service

Unlike some other online brokers, they offer 24/7 customer service via phone support. They offer email and also live chat. There are no retail locations at this time. Their customer support staff can provide assistance for those who speak, French, Italian, Japanese, Romanian, Spanish and Turkish.

Recommended For

Those who are looking to trade High/Low, One Touch or No Touch, Barrier Options/ Double “No Touch” or In/Out or Boundary or Range will find that this site is excellent. However; those who are looking to trade Take Profit, Triple Options, Matrix, Option Builder and Roll Forward will have to look elsewhere. As one of the best companies in the online binary options trading arena, they make the experience both easy and fun.

Specials/Notable Mentions/Awards

24option is constantly running various special to entice new traders. Currently, they are offering a special to deposit 10,000 and get a free ipad. They also have their standard 24% welcome bonus and the no risk trading program.

As an established broker, with a good range of options, it is easy to see why so many people are choosing this site as the place to trade binary options.
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