24option Review

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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

1. Deposit and withdrawals
2. Complaints about 24option
3. Regulator
4. Bonuses
5. Summary
6. Conclusion
7. Reviews

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.

Demo Account

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.

24option payouts

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.

Check the 24option license at CySEC.gov.cy

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.

Reviews

Marc
I have been trading at 24Option for over a year. The platform is quite excellent, I have a few things to warn you about – Upon the registration, you must enter your real personal data for the future verification for further profit withdrawals. Also, read their bonus policy for problem-free obtaining. Overall, a good, safe broker, I would recommend it personally. Thanks. Marc.
https://plus.google.com/102116266060689279910 juanita jonathan
Why most of you keep losing to your trade brokers is because you don’t make use of any strategy in trading binary, Note binary has gone beyond all that trading without a strategy, no broker account would want you to make profit while they are losing… so it the other way round you lose while they win, have been trading for over two years now and it has been a very different dimension for me because i have been trading with a very new strategy that has been able to lift my trades accurately giving me wins of about 7-8 daily…it no fluke have been able to help enough people raise up there investment with enough proofs to show you, my one to one masterclass strategy would save you years of time wasting and funds wasting if only you are prepared to learn binary trade is one thing i have come to understand ,it’s all about you having a nice broker, using the rite strategy and above all knowing how to read the trend and if you need assistance on how to make withdrawal from your account easily even when bonus was giving to you or recover the money you have lost email me at [email protected]
Isabelle
Here is a list of issues I have had with 24Options:
Impossible to try the demo account without putting in a £400 deposit, basically tying me up to 24Options even though I hadn’t tried the platform yet to check it would meet my expectations and requirements, as in others I tried in the past.
I didn’t use the account for a while and then realised I had been charged a withdrawal fee of about £50, although I had not been notified, as per section 2, Inactivity Fees’ paragraph in their General Fees Terms and Conditions. I am not entirely sure exactly how much I was charged as this sum doesn’t figure on the account banking history.
The dormant fee was withdrawn a second time and still with no notification, although this time, it did figure in the account history.
The General Fees T&Cs specify the dormant fee will be applied if there are no transactions on the account. I did use the demo account and therefore assumed that it would be classified as transactions. If that wasn’t the case, this should have been made clear in the T&Cs.
Online customer service is very slow and abrupt: the guy I was chatting with suddenly closed the chat saying he had to go, even though I wasn’t finished with my questions.