24 Option Review
24 Option is one of the leading online binary options brokers. They boast some of the latest technology and pride themselves as one of Europes Finest binary options trading brokers. A Long Term supporter of Juventus FC 24 Options is no strange to the Serie A League in Italy among other top clubs in and around Europe. 24 Options which operates under the portal 24option.com
The binary options broker is currently owned by Rodeler Ltd. previously owned by CBAY until December 2013 when the two mentioned companies unite. Rodeler Ltd. is operating under Cyprus Securities Exchange Commission (CySEC) license number 207/13. The company’s registered office is located in Limassol, Cyprus CY-4103 at 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios. 24Option and Rodeler Ltd. Are also registered with British Financial Conduct Authority (FCA) since 04.12.2013. Rodeler alone is also under Federal Financial Supervisory Authority BaFin in Germany!
Their trading platform a purely web based application is fairly easy to use for clients/traders. It has VIP accounts you can choose from including the standard, gold or a platinum accounts. Each account has additional unique features. For example, having a Platinum account you can receive a personal training session. 24 Options has also recently opened a London office however, to support their growing market in the UK.
24 Option Platform
With 24option binary options trading platform there are several asset groups to choose from such as Currencies, Stocks, Commodities and Indices for traders to choose from and trade at their leisure. Their technology is fairly advanced compared to the other Brokers available to the public today. The 24 options platform is meant to be lag free and real time indicating that the prices available are more in tune with the market prices with very little time delays and brokerage spreads. They aim to offer a user friendly trading experience and also give traders the tools they need to be profitable – including some of the highest limits in the industry
The 24option platform and its sleek design is clearly laid out and well planned. Users can select assets directly from a list, or by filtering the display down to the asset class wanted, via a drop down menu. The trading window is permanently visible, next to the asset list, and will update immediately if a different stock or asset is selected. The pricing graph on the trading window can be enlarged, to allow a more detailed analysis of price movements.
The opening price and current price are both displayed on the 24 option broker window, as is the expiry time. In addition, the open trades window will display a ‘Close’ value – that is a value that the trader can ‘cash in’ at that moment – either to lock in a profit or reduce a loss. These are only available at certain times within a trade, but add to a trader’s options and are handily placed.
24 Option Customer Services Reliability
24 Option quality is of paramount importance. Their support is fairly multinational and offer support of up to 17 different languages. You can easy access the 24/7 support line of 24 option via live chat, email and phone. You can choose from variety of telephone numbers in order to reduce the expenses for international calls.
24 Trading Options
24 Option has a variety of binary options trading features that are suited to a variety of traders appetites. 24Option offers options on forex, commodities, selected stocks and indices which can be traded using a variety of instruments that are available at a traders disposal.There are many different instruments to choose from with 24option including short term, long term and a one touch feature.
- Short Term & 60 Seconds Trading is where you can make a trade on a 60 second, 2 minute or a 5 minute trade.
- Boundary Feature Will the asset price remain within two preset values? (A high and low value) or will it breakout? These are a useful option during flat markets. This is a binary option where the trader will decide whether the market price at the current time of expiry will be inside a price range or outside of the set range.
- One Touch Feature Will an asset price ‘touch’ a particular value at least once before the expiry time? This is where the trader will decide if the market value will stretch to a set price through the life of the option.
- High/Low Feature The basic binary option. Will the asset rise in value, or fall? This instrument is identical to what other brokers have. The trader has to decide if the asset’s market price will expire higher or lower than the existing market price.
Starting Minimum and Account Initiatives
Starting out with 24option you need to make a deposit of $250 into your binary options trading account. Besides all the standard options this broker comes with variety of special features according to the account type you are signed with.
- Silver $2000 deposit: includes all standard plus personal training, alerts and access to trading central
- Gold, $25,000: includes everything from above two plus personal coach and 2% more payout rate.
- Platinum $50,000: in addition platinum account has: Live trading with expert, financial expert sessions and forex.
- Diamond is the last account type offered from 24option. Apparently you unlock this account only if you have very deep pockets. This account also come with the most special features as it follows: Juventus Tickets, Customized Platform, Higher trading limits and exposure, and 5% more payout rates.
Minimum trade amount is $24, hence the name 24option.
Withdrawals are generally processed back to the source of the funds. 24 option do require some form of valid ID, and proof of address before processing withdrawals, this is to comply with money laundering legislation. If funds were deposited via credit card, details for that card will also be required for the withdrawal.
24 Options Education Center
24 Options also offer a variety of training packages designed for new and advanced traders to zone in the skills. These materials are available via a free ebook and video presentations. For any trader who decides to join the 24 Option broker club we encourage you to look at these before trading so that you can have a feel of the binary options platform and improve your chances for trading success.
24 Option Additional Features
24 Option offer users the ability to access the web based application across a variety of devices including mobile, lab-top and tablet. This is great as it will allow you to trade on the go.
24 Option do offer copy trade facilities where you can copy some of the other traders who use the platform. We would encourage you to ensure that you to have some chart trading skills so that if you do copy you are able to follow whether the trade signal called is in line with the general trends and patterns on any given day.
24 Option do offer bonuses. If you do decide to take these then we would strongly request that you critically evaluate whether the redemption criteria is suited to your needs and that you fully understand the implications of having a bonus.
Reviews on 24 Option – Conclusion
There are many reviews on 24 Options some positive and some negative. Most of the comments though recuperate that 24 Options are fairly advanced and offer an atmosphere that cannot be matched or is difficult to find. Being a fully Cysec regulated 24 Options is bound by European Legislation and you can be sure that your data is secure and any trading that is conducted is done in safe and secure environment.
If you are looking at broker options 24 Options is a strong candidate that we can encourage you to consider among the many that we have positively endorsed. For more options on what constitutes a good and reliable broker, please feel free to check our handy guide Binary Umpire Binary Options Brokers Checklist. Should you wish to compare and contrast please feel free to look at some of the Broker Reviews we have done. Thank you for reading this review.