• The primary regulator of the firm is CySEC in Cyprus, but the firm has met favorable compliance standards for a host of regulatory bodies across the U.K. and other European countries;
  • Rebates may also apply, depending on the type of option chosen. 
  • New Trader’s Choice feature allows for tracking and mirroring the top traders in the system in real time;
  • Easy access to customer service representatives with multilingual capabilities “24X7” via email, chat or toll-free phone lines. 

Broker Info

Company Name:

24option

Website: 24option.com
Country: Cyprus
Broker Services: Binary Options
Assets offered: 100+
Min deposit: $250
Payout: up to 89%
Funding methods:
  • Depositing funds is available with credit cards (Visa, MasterCard), bank transfer or digital payment.
Platform Info
Trading platform: Tech Financials
Mobile trading: Yes
Web based: Yes

24option Review

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History and Background

If you long to go with a veteran and leader in the binary options industry, then 24option.com may be just the broker for you. When you visit their website, you are immediately greeted with, “Welcome to the world’s most awarded trading platform.” You are next told that their new London office is officially open, and to greet it, there is a new $100,000 trading competition with an endorsement from none other than Boris Becker, the internationally famous tennis star. 24option has been around since the advent of binary options and is currently owned by Rodeler Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm (CIF) under license number 207/13.

24option prides itself in offering the highest returns in the industry, occasionally hitting 89% for selected options and option types. Rebates may apply, as well. Their trading platform is an augmented version of Tech Financials highly popular system. All information is conveniently displayed, as are the many features that ensure that you enjoy a trading experience commensurate with your level of expertise. No downloads are necessary, and the firm also supports a mobile application for traders on the go. Over 100 asset choices await you in forex, indices, commodities, and stocks. Option types vary, but include High/Low, One Touch, Boundary, and 60-Second options. There are several interesting promotions and monthly competitions, some including access to tickets for Arsenal or Juventus football matches through company sponsorships.

24option was founded in 2008 and opened their doors for business in 2010. The management team was a group of financial professionals with broad backgrounds in financial markets, forex trading, stocks, binary options, and other related disciplines. They immediately focused on quality of service and innovation, and have never looked back. Their long list of industry awards and favorable testimonials are evidence that they have fixed upon a good formula for success. There are also no shortcuts from a support perspective. From their intuitive trading platform, broad array of asset choices, competitive payoff ratios, and abundant educational and training materials, 24option is top of the line in every respect, a true industry veteran, and remains one of the most highly respected brand names in the binary option broker community.   

Features

  • The firm has been in business since 2010 and has been awarded many coveted industry awards;
  • The primary regulator of the firm is CySEC in Cyprus, but the firm has met favorable compliance standards for a host of regulatory bodies across the U.K. and other European countries;
  • In compliance with CySEC regulations, all client deposits are segregated from operating capital and protected further by the local Investor Compensation Program up to 20,000 Euros;
  • Payouts can reach as high as 89%, with special High-Yield options approaching 400% or more; 
  • Rebates may also apply, depending on the type of option chosen. 
  • Binary options come in four flavors – High/Low, One-Touch, Boundary, and Turbo; 
  • Wide array of underlying assets, including stocks (43), commodities (11), currency pairs (29), and indices (19);
  • New Trader’s Choice feature allows for tracking and mirroring the top traders in the system in real time;
  • Easy access to customer service representatives with multilingual capabilities “24X7” via email, chat or toll-free phone lines.   

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Accounts

  • Three types are available, based on deposit amount and option payout criteria – Platinum, Gold, and Standard, with benefits that escalate with each package;
  • Free demo account upon registration and receipt of initial deposit;
  • After your initial deposit, trading can begin immediately.

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Transactions

  • Minimum deposit is $250, and its equivalent may be made in USD ($), GBP(£), JPY (¥), EUR (€) or RUB (руб); 
  • A minimum investment amount for a single option is typically $24, and the maximum investment amount for a single High/Low option is typically $10,000 USD; 
  • 24option accepts all major credit cards -- Visa, MasterCard, Maestro International, Carte Bleue, Dankort, CartaSi, Laser and Discover; 
  • Electronic deposits are also permitted from MoneyBookers. 
  • Wire transfers are also accepted, but a minimum deposit of $1,000 is required; 
  • As for currencies supported, you may choose from the US Dollar, British Pound, Japanese Yen, or the Euro; 
  • Once you have selected your trading currency, it cannot be changed; 
  • Before a withdrawal request can be processed, 24option will request the legal documentation required in order to comply with anti-money laundering policies, and then promptly process the request; 
  • 24option account holders are allowed one withdrawal per month free of charge. Banking intermediaries, however, may deduct fees for their own account.

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Platform

The management team at 24option has chosen to use the highly popular trading platform from Tech Financials. No downloads are necessary, but Java script and Flash players are required. Screens can be read in several languages, including English, French, German, Spanish, Italian, Japanese, Turkish, Russian, Arabic, Danish, Indonesian, Chinese, Latvian, Portuguese, Romanian, and Swedish. The firm’s mobile trading application allows you to check the markets, open new trades, and access your account from any device at any time that you can access the Internet.

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Information

24option has built a vast education center that encompasses free eCourses, trading ebooks, interactive ebooks, and  trading videos, each designed for varying levels of ability while focusing on profitable strategies using such features as early closure, for example. 

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Support

At 24option, customer service representatives are viewed as some of the best in the industry. Available “24X7” in 17 languages at this writing, they can be reached via email, chat, or phone. 

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Safety

In line with stricter CySEC regulations, all client deposits are segregated from operating capital and protected by the Investor Compensation Program administered by officials on Cyprus. All personal and trading session data are encrypted for security purposes using the latest 128bit SSL encryption technology.

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Conclusion

The management team at 24option is committed to their customers’ success by providing industry-leading service, features, asset choices, payoff ratios, and a user-friendly trading platform that makes trading fun, enjoyable, and profitable. You will not find a broker that has received more awards and commendations than 24option. They have set the bar extremely high for their competitors and have achieved a large and loyal following for being fair and focused on the right elements in the binary options arena. You would be hard pressed to find a broker that surpasses this one at any level, and their reputation, established over years of achievement, speaks for itself.

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