Is 24Option Worth Your While?

Binary options trading have taken the world by storm! Having been around for just few years, binary options have piqued the interest of all walks of life – from the average guy to the man on the suit. What made binary options all the rage? It’s the simplicity of the investment scheme with a quick result to boot. Binary options also pose a lot less risk than stock exchange since you don’t really buy stocks or even trade – binary options simply makes you choose whether a certain asset ends up higher or lower than the target price at a specific time (which can be as short as 60 seconds). 

Being one of highest giver of bonuses among the many binary option brokers and a claimed one-hour 85% profit with 15% “out of money” refund, 24Option may just be the broker that you’re looking for. There are many ways to compare the wide array of binary options brokers and we will try to uncover as much difference (or similarities) as we can so you can compare their offers – apple to apple. 

Take a sneak peek on how 24Option works and decide for yourself if they are the one you’re looking for. You can visit them at www.24option.com. 

 

Features list

 ·        Regulated –No

·         Founded date - 2010

·         Demo account - Yes

·         Starter Bonus - No

·         US Traders Accepted - Yes

·         Easy Deposit Options - Yes

·         Live Chat or Phone Support - Yes

·         Out of Money refund - Yes 

·         Easy Withdrawals – Withdrawal can be requested any time. However, processing only starts after identification is validated and when banks or financial institutions are open. Generally, there is no minimum withdrawal amount but you can only take out money that is currently on your account. Wire withdrawal on the other hand has a minimum withdrawal amount (100USD). Cancellation of withdrawal is allowed as long as it has not been processed yet. Then what happens? The requested withdrawal amount goes back to customer’s balance. 

·         Withdrawal fees – Regular (free on first withdrawal), Gold (Free one withdrawal per month), Platinum (Free withdrawal). Wire fee (30USD), credit card (3.5%), Money Bookers (2%), Liberty Reserve (1%).

·         Asset Classes – Forex (11), Stocks (9), Commodities (3) and Indices (13) 

·         Multi-Language – English, Italian, Turkish, Japanese, Romanian, Portuguese, Arabic, German, French, Spanish. 

·         Minimum Deposit Amount –200 USD

·         Reputation – The 24Option team is composed of forex trading professionals. We are confident that you’ll find 24Option at par with your expectations. 

Rundown of the 24Option Features

The easy deposit options make your start up quick and convenient. Although there isn’t any starter bonus, it makes it up with a couple of generous bonuses once you start to trade. Withdrawals are pretty easy since you can do it any time you feel like it -without any restriction on how you would like to take it out – of course you’re withdrawal amount is limited by how much you have on your account. The demo account can be a big help - especially to someone who is just starting out.  Although you need to have a minimum deposit to access it, it is far better than other binary options brokers like Bloombex Options. 

 

Trading Platform of 24Option

A sense of grandiosity is what you’ll see when see 24Option trading platform. With a shiny black background coupled with majestic gold buttons, you get the feeling that you entered a luxurious-looking office with a cherry wood table and black-leather executive chair. Clearly, the 24Options trading platform is quite easy to use since it uses the plus and minus buttons as compared to the usual “call’ or “put” – to make sure that confusion doesn’t get into the mix. 

As an investor, you’ll definitely not miss out that “plus” button means the price will go up and obviously the “minus” button means the other way around. And just like TradeSmarter trading platform, 24Option’s gives you access to multiple view – this means that you’ll have choice on which is the easiest one for you to use.

Another great feature that you’ll find on its trading platform is that it is 100% web-based. This makes trading a lot convenient as you can do trading from any computer - and that makes trading at a much speedier pace.

At 24Options, you can trade with 23 underlying assets which are about the average in the binary options industry. As a fairly new binary options broker, it’s quite surprising that it offers an hourly, daily and weekly expiry times. And there are no charges when trading binary options. 

Although its ‘One Touch” buttons feature is not as shrewd as you’d expect, the explanations written on the right side bar more than makes up for it. The text description of its buttons is highly helpful and makes you avoid asking “which is which”. There no such thing as perfect trading platform but it’s safe to say that you’ll find 24Option’s quite organized – you don’t need to be a rocket scientist to figure everything out. 

24Option Customer Support

You’ll find it quite amazing that it has an excellent chat support as you get answers from your pressing questions with a drop of a hat. Phone support is equally commendable as it can be accessed in 7 different languages. Choosing the representative that you’ll be comfortable talking with is not that difficult.

You don’t need to have a college degree or go to a special school or training to understand how binary options works. Whether you’re comfortably sitting at your home desk or even at the office, you can do binary options trading with just few button clicks. Learn more about binary options – it might be the one that can free you from your financial woes!

Overall, 24Options is one binary options broker to watch out for. Barely around for 2 years, it already made its mark for being a trustworthy broker that gives out generous bonuses and profit as much as 85%. Will your stay at 24Option worth your while? You’ll likely will!