Welcome to the WhatAreBinaryOptions.org Official 24Option Review!
24Option is a binary options broker aiming squarely at higher end traders, but is not without its appeal to beginners. Started in late 2009, 24Option is one of the oldest binary options brokers and remains one of the simplest and best. Using the Tech Financials platform, 24Option keeps lower numbers of assets than many competitors, provides an interface that is less complicated, and keeps it simple.
What’s Good About 24Option?
- It has one of the simplest interfaces in binary options trading.
- Demo mode is available so you can try their tools before you deposit.
- They’re in the process of licensing by the BVI FSC — licensing ensures your money will be kept safe.
- High potential profits, up to 89%.
What’s Bad About 24Option?
- Minimum deposit is $250.
- Minimum trade size is $24.
- Low number of assets to trade — not ideal for the investor class binary options trader.
Our Full 24Option Review
Using the excellent TechFinancials binary options platform, 24Option is a long-established and respected broker of binary options since 2009. It offers full multilingual support, high options profitability and one of the simplest interfaces of brokers today.
Recently, 24Option added 60 second options, an innovative product which allows you to trade an immediate trend, twitch trading we like to call it. It also offers option sell-back to exit a position before option expiration. Traders can close an option contract from 5 minutes after the initial purchase right up until the official expiry, whether in or out of the money on the trade.
24Option offers a unique dark interface and wide range of videos for learning how to trade. It offers a relatively low number of assets, but covers the usuals of commodities, stocks, indices and forex currency pairs. Trade types include the usual call/put which is referred to as high/low at the site, touch/no touch which is a bet on whether a price of the asset will touch or not touch a certain amount in a given time frame, boundary options which bet whether the asset will end up inside or out of a range in a given time span, and finally 60 second options — twitch trading which allows you to trade an immediate and short term trend.
24Option also runs on mobile devices, so you can watch, open or close your positions while on iPad, iPhone or Android device. The site allows all major account functions to be administered from mobile which is really great as an end-user.
Account types differentiate 24Option traders, with Standard, Gold and Platinum accounts to choose from. Gold and Platinum traders earn an additional 2-4% profit per contract payout, but usually require increased deposit sizes and balances to maintain. Each contract can be traded up to $20,000 in value, which is one of the highest in the business, and makes complete sense given 24Option is aiming for having the highest end traders as clients.
In addition to a common newsfeed to the site, 24Option offers an extensive library of free information on binary options trading, strategies, and other related topics.
The site is available in multiple languages – english, spanish, german. Customer support covers all of the languages as well via phone or email support.
Are you looking for a full service broker offering high-end service? One who caters to a deeper pocketed clientele? If so, 24Option just might be your best place to trade. It’s built for people who want a simple no-nonsense approach but want to trade larger amount of money.