24 Option is a renowned company owned by Rodeler Limited and founded in 2010. It is incorporated in Cyprus, a well known financial services investment destination. 24 Option is known to be a highly regulated binary options broker as they are regulated in about 12 European countries. Traders can trade with the knowledge that their funds is in safe hands.
They are also well known for having the highest number of tradable assets in the binary options trading industry. They offer their services to traders all over the world (except USA and Australia). 24 Option has also built a reputation for offering standard trader education with articles, eBooks, webinars and videos for traders of all education levels.
PLATFORM AND TRADE TYPES
24 Option uses the Tech Financials turnkey platform. The Tech Financial platform is a breakthrough in financial trading technology as it allows easy, stress free trading through a web platform and associated mobile apps for Apple and Android phones. It is a general and secured trading platform that all traders would enjoy using.
The company offers the following trade types:
⦁ High/Low: In this trade type, a trader purchases a call option if he feels the future price of the asset would exceed the strike price or purchases a put if he believes the price would fall below the strike price.
⦁ Up/Down: 24 Options offer Up/Down trades. In an up trade, a trader makes a proposition that the market would close on a higher note while on a down trade, the trader makes a proposition that the market would move down on its current rate at the end of the day’s trading.
⦁ One Touch Binary Trade: 24 Options offer Touch/No touch option where a trader makes a prediction on whether the price path of an asset would reach a certain price point at any time of the trade period.
⦁ Short Term Binary Trade: 24 Options offer short term binary trade of 30 seconds, 60 seconds up to 5 minutes allowing traders get quick results and returns on their trading ideas.
24OPTION DEPOSITS AND WITHDRAWALS
There is a minimum deposit of $250 and a variety of deposit methods to fund your account. You can use all major credit cards, bank wire transfers and digital payment methods such as PayPal, Skrill and several others. Regardless of your country of residence, 24Option has a deposit method to cover you.
Withdrawals can be made with the same deposit method and there is a minimum withdrawal amount of $100.
BONUSES AND PROMOTIONS
24Option offers bonuses for traders who make an initial deposit. This bonus ranges from 25-100% depending on the amount you deposit. Also, each time you refer a friend, you get a cash bonus. When you download the mobile app, you also get a cash bonus of $24. In addition, you get one protected trade for each deposit you make. A protected trade is one in which your losses are refunded.
24Option also offers non-cash prizes such as a free ticket to watch Juventus Football Club for those who make a deposit of over $500. In terms of bonuses and promotions, 24Option got traders well covered.
They offer support via email, web form, live chat and phone support. Their email is firstname.lastname@example.org and they are known for responding quickly.
PROS AND CONS
⦁ Has a solid affiliate program for traders
⦁ Protected Trades for each deposit
⦁ Highly regulated and trustworthy broker
⦁ A wide variety of trading assets and also transaction methods
⦁ Card deposits are not available for many countries.
24 Options is a top-tier and highly trusted binary options broker. With their array of educational materials and their multiple customer service channels, we recommend 24Option to both new and experienced traders.