|Min Deposit||Bonus||Demo Account||Payout||Score|
24Option is a well know binary options vendor based in Cyprus. They are regulated by CySEC, the Cypriotic securities authority. Since Cyprus is a part of the European Union, 24Option must also adhere to EU:s consumer protection regulation.
24 Option facts
|Mobile trading app||Yes, for iOS and Android|
|Company name||Rodeler Limited|
Trading binary options
The trading platform is easy to understand and there is a wide range of binary options available. The trading area is streamlined and you will quickly find what you’re looking for. Select the underlying directly from a list or filter by class or category in the drop-down menu. Once the underlying has been selected, the trading area will update to display available options.
Shortest possible life span in the standard assortment of binary options is 60 seconds after purchase. Binary options with a lifespan that exceeds one week exist, but are rare.
For many binary options, 24 Option will offer an early close. The close value is displayed for each individual binary option that you own, and will vary over time. If you agree to close, you get paid the currently displayed close value and the option is closed immediately.
The payouts will vary depending on which binary option you buy. High-risk binary options give higher payouts and vice versa. Generally speaking, 24 Option offers competitive payout levels. Standard binary options pay up to 88 percent, but special high-risk high-yield binary options that pay more than this can be found via the High Yield tab when you are logged into the 24 Option platform.
Binary Option types
24 Option offers binary options based on stocks, indices, commodities and currency (FX).
The four most commonly sold binary option variants are High/Low, One Touch and Boundary. High/Low is the traditional binary option – your task it to predict if the underlying will be above or below a certain value when the option expires. With the One Touch binary option, the whole lifespan of the option is important; all it takes for it to pay out or become worthless is for the value of the underlying to reach a certain predefined point at any time during the lifetime of the option. Boundary is a binary option where the price must remain within (or stay outside, depending on which option you buy) a predetermined value channel. It’s an interesting way to make money in flat markets.
Mobile trading app
Mobile 24 Option trading apps are available for iOS (download from iPhone App Store) and Android (download from Google Play).
Curious about the app? When you are logged into 24Option in your browser, you can look at demo versions of the iOS app and the Android app. Switch effortlessly between demo smartphone version and demo tablet version.
Examples of available transaction methods:
- Master Card
- Discover card
- Wire transfer
The minimum deposit is $250. Deposits can be made in USD, EUR and GBP. Once you have selected a currency for your account, it can not be changed.
With a standard 24 Option trading account, you get to make your first withdrawal for free. After that, you be a withdrawal fee for each withdrawal. The withdrawal fee will depend on the transaction methods and, sometimes, also on the size of your withdrawal. Making a withdrawal through Skrill will for instance cost 2% of the withdrawn amount.
With a Gold Account or Platinum Account, you will enjoy regular free withdrawals.
Customer support is offered in many different languages, including English and Spanish.
In addition to binary options, 24 Option also offers CFD:s (Contracts for Difference).
The CFD:s are available for leveraged trading if you want to. Highest available leverage is x200.
The 24 Option education centre in the platform is filled with useful resources for anyone who wants to become a more skilled trader. There are eBooks, videos, manuals, and more.
Copy trading is available. By using the feature, you can elect to copy another trader’s trading (within your set perimeters).