24option is the most well-known broker on the market and they offer a very helpful demo account to try out their trading platform risk-free, their minimum deposit requirement is higher than other brokers, but if you Serious about trading that shouldn’t be a problem 24option Serving traders for many years and has a strong track record to prove they are not a scam, they currently do not accept customers from the US.
24Option is owned by Rodeler Ltd, based in Limassol Cyprus, licensed by the Cyprus Security Exchange Commission (CYSEC) with license number 207/13.
24option has moved away from the platform provider. TechFinancials and developed a new bespoke platform. The new offering also sees movement in Forex and CFD trading, with the company also offering forex pairs that are integrated. Bitcoin The recent growth in cryptocurrency trading has led the company to add Bitcoin pairs as soon as possible.
Trading Platform
The 24Option trading platform is unique even in the relatively ordinary world of binary, forex and cfd trading. The look and feel of the platform has been designed in line with the brand thus replacing the usual red and green trading buttons.
This on-demand model does not affect the usability of the platform, however, trade types are available on the top left menu – choose from:
- Forex
- CFDs
The respective assets are displayed below, selecting any of them will update the relevant payout information and price charts on the right side. But it is still clear and easy to use.
Open trades and closed trade history are available under the trading area, which is constantly improving.
Signal
The trading platform also gives users access to signal services. 24Option trader sentiment bands are also used to help traders make decisions, the sample video at the bottom of this review shows how to make the most of them, as always, signals should be served with caution in 24Option. To some extent, especially when provided by a broker, but they can be an additional tool for confirmation or reversal from a particular trade.
24Option signals are called ‘Trade Alerts’ and are located next to the ‘Trade Alerts’ tab. ‘Open Trades’ and ‘Trade History’
Payouts
With over a hundred different underlying assets on offer, traders at 24Option are certainly spoiled for choice: they can choose from 43 different stocks, 11 options involving commodities, 30 currency pairs and 19 market indices.
With Forex and CFD trading payouts are based on the price movement of the underlying asset, traders can take advantage of risk management and payouts, while trading on margin can increase profits. But it can equally accelerate losses so use with caution.
Regulations
In addition to being regulated and licensed by CYSEC, 24Option is also registered with other European regulators such as Autorité des Marchés Financiers (AMF) in France, BaFin in Germany, CONSOB in Italy and the Financial Conduct Authority (FCA) in the UK. .
The main benefit of dealing with a regulated broker is the fact that you have someone to turn to in the event of a dispute between you and the broker. The brokerage is the ability to claim compensation if their broker goes bankrupt. With 24Option traders need not worry as they are members of the Investment Compensation Fund. This fund gives traders the right to claim up to no. over 20,000 euros
Mobile Apps
The 24Option app is an easy-to-use mobile trading platform for Android, iOS or Windows. The app is free.
The app has a clear and simple interface and the trading process is intuitive, the large screens and buttons make it easy to use without risking mistakes due to their small size or hard to find, just like trading. In simple terms, the app displays open and closed trades and updates them in real time.The trading app is a great addition to the features delivered by Each version of 24Option has been written to take advantage of its full functionality across multiple devices, so every Android, windows and iPhone user has an optimized experience.
Withdrawal
24 Withdrawals are paid back to the deposited source, so payments can be returned in the same way as deposits, this is a very common situation and a precaution to protect traders from fraud.
For the same reason, the Company requires some form of proof of address and identification before making a withdrawal in order to comply with anti-money laundering laws. Any withdrawals made later
withdraw complaint
Withdrawal complaints or problems are often caused by delays in this verification process, so it is worth submitting all these details first – before making a withdrawal, this reduces the chances of problems. Make complaints and guarantee faster withdrawals.
Account Type
24Options offers a wide range of account types, entry into these accounts will depend on the size of the initial deposit, the higher the initial deposit, the higher the account level the trader will join, however traders can start with Small deposits – then make larger deposits later to increase their account type.
Gold and Platinum account holders can withdraw for free, normal account holders will receive the first withdrawal for free, remaining withdrawals may be subject to a percentage charge and this figure will depend on the method used. – Skrill for example will incur a fee. 2% Withdrawal requests can be made at any time.
New accounts will be chosen between forex and cfd accounts. Bitcoin can be traded via forex pairs.
Is 24option a scam?
As a regulated broker, 24Option is not a scam, they provide services as they say they will and client funds are held separately with their funds. Regulatory firms are taking keener interest in binary options of late and 24Option backed this trading platform, reliable and withdrawable upon request.
Complaints
One complaint at the 24option level is the practice of Here, an account manager working for a broker contacts clients and offers to trade on their behalf, which generally leads to over-trading and in some cases over-trading.
Where possible, traders should not allow anyone to trade on their behalf and in response to the complaints made, the binary industry has begun ending bonuses paid to account managers who behave like this. It will also It remains to be seen if this will be the end of the practice and traders must be aware of the risks, if called out by an account manager instructing us to politely suggest “no thanks”.
Bonus
Moving on from traditional deposit match bonuses, 24Option offers a unique bonus offer. ‘Premium’ – usually these are ‘technology’ offerings such as iPad or MacBook.
Like any reputable broker, 24Option will allow traders to opt out of receiving bonuses.
24Option Demo
Below is a demo video from 24option detailing how to trade through tutorials, from asset selection and trade type to analyzing charts and judging trader sentiment, this 24Option demo video is completely comprehensive. (‘Trade Alert’);
Review Summary
Based on the fact that 24Option is licensed and regulated by CYSEC, we can conclude that they are a legitimate operation, their warm and friendly service makes a refreshing change from the cold and impersonal services that the broker offers. Others are familiar with the service.
For those interested, open a live trading account at 24Op.Their minimum deposit requirement is $250. As for their minimum trade size, you can trade from $24 per trade. While the services offered by this broker are very good. But it is the regular trading contests that set them apart, some offering tens of thousands of prizes to winners, innovative bonuses are also provided, and demo accounts allow traders to get familiar with the platform before entering the market. TRUE