24option Review
Overview
The 24option cooperates only with banks authorised and regulated by EU member states and that are highly rated by credit rating agencies. The 24option is a CySEC regulated broker operating under license number 207/13
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Details
| Broker | 24option |
|---|---|
| Website URL | www.24option.com |
| Founded | 2010 |
| Headquarters | 39 KOLONAKIOU ST., AYIOS ANTHANASIOS, CY-4103 LIMASSOL, CYPRUS |
| Support Number | +357 25 262063 |
| Support Types | Live Chat, Phone, Contact Form, E-mail |
| Languages | English, Italian, German, French, Russian, Spanish, Portuguese, Arabic, Japanese, Swedish, Danish, Dutch, Finnish, Norwegian |
| Trading Platform | Tech Finacials |
| Minimum 1st Deposit | $250 |
| Minimum Trade Amount | $24 |
| Bonus | BONUS UP TO 100% |
| Payout | Up to 88% |
| Free Demo Account | Open Demo |
| Regulated |  |
| Regulation | CySEC (Cyprus) № 207/13 |
| Commission Info | No |
| Account Types | Standart, Beginners, Gold, Platinum, Diamond, Islamic |
| Deposit Methods | Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc. |
| Withdrawal Methods | Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc. |
| Number of Assets | 130+ |
| Expiry Times | 60sec, 2minutes, 5minutes |
| Option Types | High/Low, One Touch, Boundary, Short Term |
| Account Currency | EUR, USD, GBP, RUB, TRY, CNY, JPY, CHF |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
| Overall Score | 9.8/10 |
Full Review
Contents
The 24option began operations in 2010, and was one of the first brokers in the market. Since then, many new tools have been designed and introduced to simplify and improve trade sessions for users.
When starting to work with 24option, you will first be able to open a demo account to practice. This will greatly reduce the chances of losing your money as a result of inexperience. There is also a 24option Education Center, which can bring you lots of benefits in learning the rules of trade.
In addition, you will be offered one-to-one training with an expert. Clients of 24option receive a chance for permanent contact with a financial adviser through a live chat, email or telephone to discuss potential profits and different strategies. We believe that this is a great advantage for all traders, even experienced ones.
One of the main advantages is that the 24option broker is regulated by CySEC and follows all regulatory rules (Cyprus Securities and Exchange Commission), to ensure safe and secure trading.
Deposit and withdrawals
A good sign is that the amount of money you can earn is not limited! There are brokers who will not allow you to withdraw all your profits if the profit is too large. This fact can create a lot of trouble and cause anxiety among traders. The 24option refrains from doing this, allowing applications for withdrawals, so the traders can get their money as quickly as possible. The customers receive a payout within 3-5 working days (or within 1 day if you have a VIP account). In order to withdraw funds, you can use credit/debit cards, Moneybookers, bank transfers, Neteller, Qiwi, Webmoney and a number of other payment systems, which are represented in the image below.
You should keep in mind that the 24option allows 1 free withdrawal per month; if you withdraw money more often, a commission is applied. The commission depends on the account level you have reached. For the platinum accounts, no commission will be charged for withdrawal of funds.
Owners of regular and gold accounts only get 1 withdrawal free of charge per the calendar month.
Complaints about 24option
Our team searched the information on the Internet for any complaints, and we found some negative comments, but it seems to be the manipulation of competitors; the criticism that has been objective has been resolved by the company in a positive way.
On several forums, some customers complained that they did not receive the approval of a withdrawal and waited a week. We do not believe this because, firstly, their problems have been successfully resolved by the broker, and secondly, in the «Terms and Conditions» section, you can find the dates within which the broker must meet its obligations and how long it takes to perform the procedure.
If we find complaints about 24option, we will post it on social media. Follow us to be well informed:
The 24option is a scam? The 24option is currently one of the most law-abiding of brokers on the market. It has been regulated by the Cyprus Commission for the Securities and Exchange Commission (CySEC).
Regulator
The 24option was one of the first brokers that received a license from the financial regulator. Trading with a regulated broker provides a high level of service and protection to clients. Being regulated by CySEC (Cyprus Securities Commission and Exchange Commission), the 24option has a so-called «EC passport» to provide services within the European Union in accordance with MiFID (EU Directive «About Markets in Financial Instruments»). Thus, the 24option is one of the safest brokers for European traders.
Bonuses
If you were not registered earlier and just opened an account for the first time, you can earn a bonus. The amount of the bonus varies depending on the type of account you open. It is usually 30% of the initial deposit but can reach up to 100%.
We recommend you to follow the news: the 24option often announces information on additional bonuses or prizes. For example, a current bonus gift is a MacBook. They also hold many other trading contests with real prizes. If you decide to take a bonus from 24option, you should carefully read the terms for the use of the bonus, because every broker has certain conditions that must be followed by traders.
Summary
A final summary on 24option broker. All in all, the 24option is one of the leading brokers on the market. The company has more than 6 years of experience as a broker, and every year they increase the number of services and bonuses offered to their customers. The minimum deposit is only $250, and the minimum bet size is $24. They also offer free trading signals which can be used on the trading platform.
The broker has a large section devoted to education, with free e-books and many videos. Most importantly, the broker is regulated by CySEC, so you can enjoy a safe and secure trade.
Conclusion
In summary, we can say that the 24option is a regulated, 100% reliable and safe binary options broker. The company is fully compliant with the high level of service standards set by the EU. The minimum deposit amount is only $250, making it easy to start trading.The 24option takes first place in brokers ranking at FraudBroker.com and is the best choice for European, Arabian and Asian traders.
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