|Type of Broker:||Binary Options Broker|
|Regulated:||Regulated by CySEC 207/13|
|Min Trade Amount:||$24|
|Max Trade Amount:||$100,000|
|Bonus:||Up to 100% First Deposit Bonus!|
|Free Demo Account:|
|Types of assets:||Currencies, stocks, indices, commodities|
|GTD Stop Loss:|
|Option Types:||High / Low, Boundary, Touch Options|
|Expiry Times:||30 sec, 60 sec, 2min, 5min, 15 min, 30 min, 1 uur, 24 hr+, end of the month|
|Credit Card||8-10%||3-4 days|
|Debit card||1-5%||4-5 days|
|Fast Bank Transfer||1.5%||2-3 days|
The 24Option binary options brand is operated by 247 Holdings Ltd and uses the Tech Financial Ltd white-label platform solution. 24Option was launched in 2010 and has gone on to become one of the biggest binary options brokers in the world (they are even rumoured to be going public very soon).
24Option uses excellent software, they are CySEC regulated (license number 207/13) and have won numerous awards including the “Forex Magnates Broker of the Year” in 2013 and 2014; as well as the Daily Forex Awards for “Best Broker in 2013″. 24Option is one of the largest binary options brokers in the world and offers up to 80% payouts on touch/no touch trades. New customers that sign up now will receive a 30-100% welcome bonus!
Payouts and Expiry Times
The payout depends on the use of the loss return function and the type of trade the trader engages in:
b) For the two high yield trades on 24Option (High Yield Boundary and the High Yield Touch), the payout starts from 380% and peaks at 500% for successful trades.
The high yield trades have weekly expiries, and the short term trades have expiries of 60 seconds, 2 minutes and 5 minutes for each respective trade. The regular trades have expiry times that start at 15 minutes and peak at one day. In between, there are expiry times for 30 minutes, 45 minutes, one hour and two hours.
Bonuses and Promotions
There are several bonuses and promotions available on 24Option.
Welcome Bonus: Three account types are available on 24Option and each of these accounts has its own welcome bonus. The bonuses start from 30% and can reach up to 100%. Standard accounts have the least bonus while Platinum accounts attract the largest welcome bonuses.
Special Bonuses: These are bonuses that are given at special times of the year (New Year, Xmas, etc.) and also at times when the markets are experiencing intense volatility.
The assets that are available for trading on the platform of 24Option are:
a) Commodities: Gold, Silver, Oil.
b) Currencies: EURUSD, GBPUSD, EURJPY. GBPJPY. EURGBP, AUDUSD, USDCAD, EURTRL, USDCHF, USDTRL.
c) Indices: FTSE-100, DAX-30, Dow Jones, Nasdaq Composite, IBEX- 35, CAC 40 Future, S&P 500, Nikkei 225, SMI FUTURE, MIB-40 FUTURE, S&P 500, ASX 200 Future, Hang Seng Future.
d) Stocks: Vodafone, Lloyds, British Petroleum PLC (BP), Barclays PLC, Google Inc, Apple Inc., Telefonica SA, France-Telecom, Societe Generale.
An educational centre that makes for a complete online technical analysis tutorial centre exists to help traders gain vast trading knowledge of the binary options market. Materials obtainable in the educational centre include a free Trade Manual, an online video tutorial, a binary options e-book and other resources.
Live account holders have access to a demo account for simulated trading.
Deposits and Withdrawals
Traders can use the channels mentioned below to deposit funds and withdraw trading profits from their account:
Credit card/debit card: Cards accepted are those issued by MasterCard, VISA, Diners Club, and JCB. The minimum funding amount allowed with credit cards is $250 while the maximum daily limit for withdrawals is $10,000. Maximum monthly limit for withdrawals is set at $40,000. All transactions are processed instantly.
1) E-wallet: The e-wallets allowed on 24Option are Moneybookers and Liberty Reserve.
2) Bank wires are the most globally accessible option which can be used by traders from countries where access to credit cards or e-wallets is non-existent.
The minimum deposit for credit cards and e-wallets is $250. The deposits for bank wire transfers starts from $1000.
The maximum deposit is determined by 24Option based on the account opening information supplied by the trader.
Min Investment Amount
With as low as $24, a trader can set a trade on 24Option.
Max Investment Amount
The maximum investment amount for the High/Low trade is $15,000 and for other trade types, this is set at $5,000.
A trader can maintain a trading account in any of three currencies: US Dollars, British Pounds or Euros. Cards to be used for deposits and withdrawals must be verified before use. This is achieved by scanning the front and back of the card and blocking off the relevant card numbers, then sending this to the accounts department of 24Option for ratification.
The maximum daily withdrawal limit for credit/debit cards is $10,000. The minimum withdrawal amount is $10. Only one free withdrawal is allowed per month. Subsequent withdrawals are charged at $30.
How can the customer support desk on 24Option be reached? There are several options:
a) Live chat
b) Email: [email protected]
c) Phone +35725030600.
As you can see, 24Option is one of our favourite binary options brokers. They cater to customers in virtually every language and provide an excellent support system around the clock. Withdrawals are normally processed within a few days so you shouldn’t have any worries about depositing your money here. We also love the TechFinancials software, which provides a better range of expiry times and payouts then SpotOption-powered brokers.