24option top EU regulated Binary Options Broker

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24Option Review

Overview

Last 24Option review update: 21st July 2020 24Option Overview Cyprus based 24option was founded in 2020 and this company is currently considered to be one of the most highly regulated… more

Broker Details

Broker 24Option
Website URL www.24option.com
Founded 2020
Headquarters Cyprus ( EU )
Support Number +441619600211
Support Types Email , Live Chat , Phone
Languages English , German , Spanish , French , Italian , Danish , Swedish , Japanese , Arabic , Russian
Trading Platform TechFinancials
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $24
Payout Up to 88%
Free Demo Account Open Demo
Regulated
Regulation Authorized & Regulated by CySEC ( Cyprus, EU ) License Nr. 207/13
Account Types Basic , Silver , Gold , Platinum , Diamond
Deposit Methods Credit Cards , Skrill , Wire Transfer , Neosurf , CashU , Qiwi , Astropay , Neteller , Paysafe , Moneta
Type of Investments currencies, stocks, indices, commodities
Option Types High Low , 60 Seconds , Boundari , Touch
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 4.0
  • World’s Top Binary Options Broker
  • EU Regulated
  • Up to 88% Payout
  • Excellent Customer Support
  • Free Withdrawals
  • Free Demo Account
  • Personal coach
  • They don’t accept traders from USA , Australia and British Columbia / Ontario ( Canada )

Full Review

Last 24Option review update: 21st July 2020

WARNING! Binary Options not available

Binary options product is not longer available on 24option platform for new clients.

24Option Overview

Cyprus based 24option was founded in 2020 and this company is currently considered to be one of the most highly regulated binary options brokers in the Eurozone economic area.

24option was founded with the vision of offering a very easy to use binary options trading platform that will enable traders to focus on making profits in a way that minimizes the underlying technical and administrative aspects of trading in an international market like the global currency market.

24option is a highly regulated broker. They are primarily regulated by the CySEC (License No. 207/13). But, they also comply with a number of regulatory authorities from around the world, including the Financial Conduct Authority (FCA) in the UK, Comision Nacional Del Mercado de Valores in Spain, Comision Nacional Del Mercado de Valores in Italy, Securities Market Agency (ATVP) in Slovenia, Federal Financial Supervisory Authority (BAFIN) in Germany, and Banque De France (BDF) in France.

Trading Platform

24option’s trading platform was developed to offer binary options trader an easy to use trading interface that offers the most advanced technical function in the industry.

Unlike many primitive binary options brokers, 24option actually show traders if the trade is currently “in the money” or “out of the money.” This function allows traders to keep track of their open positions and help manage their risks and exposure to the account in real time.

Currently, 24option offers a range of assets in binary options trading, such as indices, currencies (Forex), stocks and commodities. They also added a lot of great educational content on the platform so that users do not have to open additional browser windows or waste time looking elsewhere to find the content they are looking for.

24option has also made extensive investments in developing a state of the art mobile trading platform that is available for free download to registered users in both Apple Store and Google Play.

Assets Offered by 24option for Trading

24options offer a wide range of Forex pairs for trading, including, EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/JPY, USD/CAD, USD/CHF, EUR/GBP, AUD/USD, AUD/NZD, NZD/USD, AUD/CHF, AUD/CAD, AUD/JPY, EUR/AUD, CAD/JPY, CHF/JPY, GBP/CAD, GBP/AUD, NZD/JPY, EUR/CHF/ CAD/CHF, EUR/CAD, GBP/CHF, NZD/CHF, USD/ZAR, EUR/TRY, USD/TRY, USD/NOK, EUR/NOK, USD/SEK, USD/MXN, and USD/RUB.

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In fact, 24option is one of the few brokers who offer some of the most exotic currency pairs as assets for binary options trading, such as USD/RUB.

In addition, 24option also offers commodity options assets like Oil, Gold, Silver, Gold/EUR, Gold/JPY, Platinum, Copper, Coffee, Corn, and Sugar on their platform.

Besides, currencies and commodities, binary options traders can also enjoy trading stocks (equities) like Sony, ANZ, BP, Royal Dutch, Tesco, and even Indian companies like Tata Motors Ltd! They also cover indices and popular stock index, such as Dow Jones 30 Future, S&P 500 Future, FTSE 100 Future, and Bombay 30, etc.

Types of Accounts

24option’s short term High/Low options range from 2 to 5 minutes and their classic High/Low options are designed for a bit longer term traders. Currently, 24option’s platform offers four different types of options to trade 1) High/Low, One Touch, Boundary, and Short Term options.

24option currently only offers different types of binary options real account and traders can use the same platform to trade all the different types of assets and associated options available in their platform.

The types of accounts offered by 24option include Basic, Silver, Gold, Platinum, and Diamond. The difference between these types of account are mainly a number of features offered by the broker and payout ratio, which ranges from 82% in the Basic account to 88% in the Diamond account.

Minimum Deposit Requirements / Promotions

24option makes it really easy to start trading binary options as they require only a $250 minimum deposit, and $24 minimum trade to open an account with them.

Payout

24option offers different fixed payout ratios for its five types of accounts that ranges from 82% to 88% payout for profitable trades.

However, the payout ratio for different timeframes also varies greatly, where the longer time frames tend to offer gradually less payout compared to short term ones.

Deposit and Withdrawal Methods

24option offers several funding and withdrawal option for binary options traders, including major credit cards (Visa, MasterCard, Discover), Wire Transfer.

24option also supports deposit and withdrawal via a handful of online payment processors like Skrill, Neteller, Qiwi, AstroPay, Sofort, and WebMoney.

During funding and withdrawals, 24option imposes certain terms for different types of account holders. For example, for Platinum and Diamond account holders all withdrawals are free. But, Gold account holders can make only one withdrawal for free every month, where Silver and Basic account holders can make one withdrawal for free, but have to pay a withdrawal charge.

24option charges 3.5% fee for withdrawing via credit cards, Skrill and Neteller, and has a $30 wire transfer fee for Basic and Silver account holders.

Customer support

Customer support is something 24option takes very seriously and they consider helping traders a part of their overall value proposition.

During our research, we asked the customer service representative over live chat a list of questions for almost 30 minutes and received prompt answer to all of our concerns.

Besides live chat, traders can also reach customer support via email at [email protected] and call them at their Cyprus office during office hours.

24option also have offices throughout Europe and Asia and lists phone numbers for all their offices, including the UK, China, India, and Malaysia on their website’s contact page.

24option’s headquarter is located at 39 Kolonakiou Street, Ayios Athanasios, Limassol- 4103, Cyprus.

24option review: Summary

24option happens to be one of the highly regulated binary options brokers and they follow strict guidelines from major European financial regulatory authorities. Also, client funds are held in a segregated account to protect against risks.

24option understands that binary options trading is becoming popular in emerging markets and they have opened several offices in some of their key geographic markets to help traders find answers to their questions in their native language.

However, 24option’s main market is in Europe and they have volunteered to meet some of the strictest regulations in over 10 European countries in order to expand their business in the continent.

If you are looking to trade binary options with a popular broker with a great reputation who also offers a great trading platform in a highly regulated environment, then 24option could be the company that you have been searching for.

24option top EU regulated Binary Options Broker

After a long wait one of the european and world leader of binary options, 24option, has got the CySEC regulation in order to operate in European markets. Already many users had chosen 24option as a broker for trading binary, although it was unregulated just because it was obvious that this was a serious and reliable broker, punctual in the payment of profits and professional in the advices for the account manager which often organize webinar to train their customers so that they become skillful traders of binary options. We remind that 24option gains on the movements of its customers and not on the losses. So their profits depend on the number of trading made ​​by each customer. Accordingly a trader which gains more will be more inclined to invest, that’s why they take care to train their customers in the best possible way.

The CySEC certification is a further garantee that attests the seriousness and the reliability of this broker which is certainly to add into your portfolio of broker with which to make binary trading.

  • Minimum deposit required: €250 or $250
  • Minimum investment per operation required: €24 or $24
  • Platform: TechFinancials
  • Binary Options: High/Low, One Touch, Boundary, Short term ( 60 seconds, 120 seconds, 300 seconds )

24option Broker Review 2020

In our 24option review, we will inform traders about all trading features and amazing solutions they can use while trading with 24option. Besides providing superior support in various languages, 24option has won many prestigious awards that are just confirming how good they are. 24option is regulated by CySEC and according to the broker, provides a high level of security for its clients. Read more about 24option in our detailed broker review.

24option Special Features

Traders are welcome to register with five different trading accounts and find most attractive features that perfectly fit their preferences. Trading accounts are carefully adjusted and we are sure traders will find an appropriate account that will satisfy their trading style. 24option has ensured 24option Demo account for trading newbies that will be able to practice before placing real trades.

Minimum deposit for 24option is $100 and the minimum investment is $24. Find out in our detailed article about 24option trading accounts here.

In the further text you can read more about 24option trading accounts and their features:

24option maximum leverage is 1:200 which is not the highest but it also is reasonable when one remembers that leverage increases losses as well as profits. The minimum spread on EURUSD starts from just 1.5 pips

It is noted that investors should not place trades with money that they do not afford to lose. Trading Binary Options involves substantial risk and may result in the loss of your invested capital.”

As we have already mentioned, 24option traders can first start using 24option Demo account. Demo is only available for registered traders and they will be contacted by 24option account manager to get most important info about Demo features. 24option Demo is excellent for beginners in the binary industry, but it is also a good starting point for all traders that have earlier experience too.

24option Demo account introduces all important trading tools and lets traders learn more about the trading platform. Beginners can simply place trades with virtual amount of money to spend.

24option Trading Software

24option has recently integrated MT4 platform which is mostly used for trading with Forex. The platform is available for download and it is available for both dektop or mobile version. This trading platform provides many novelties and if you are tired of using SpotOption platform, 24option and MT4 will give you a refreshing combination that could keep traders interested.

24option web-based platform is recently refreshed with a new in-house trading platform called Scipio. Scipio allows traders to trade with both binary options, CFDs or Forex.

We have found 24option offers more than just basic trading options which are especially great for traders with more experience.

Update*: 24options is leaving TechFinancials platform and they are developing their own. Read more about it in our news article.

We have found 24option offers more than just basic trading options which are especially great for traders with more experience. Among classic High/Low and Touch Options, traders can find 60 seconds, Boundary and High Yield options.

If trading platform plays a big role in trader’s preferences, then 24options might be a great selection. Traders will be happy to know that 24option provides Early Close option. Besides plentiful trading options, 24option provides a variety of expiry times that give traders even more trading choices: 60 seconds, 2 min, 5 min, 15 min, 30 min, 1 hr, 24hr+, End of Month.

24option also provides a mobile version, that might be more convenient for traders that travel a lot and have less time to trade with the desktop version.

24option Support Information

We can say that 24option support service provides various languages for its clients. 24option broker allows support on more languages and clients will be happy to get support on their mother tongue. 24option serves their clients with live chat, email, contact form or phone.

There are more than 18 different phone numbers available, and we are ensured traders will find the appropriate number for support. In our 24option broker review, we have tested live chat service, which is rated as prompt and provides all important support for its clients.

Live chat is supported in various languages, so if you are not very good with English, their support agents will try to find adequate support for your language. If traders prefer more classical support service, they can send questions on [email protected]

Tip: Trade with a reputable and regulated broker such as IQ Option.

24option Banking and Company Information

24option provides diverse banking opportunities where traders can use plenty methods, depending on their preferences. 24option supports: Visa, Bank Wire, MasterCard, JCB, Diners Club, Dankort, Laser, Visa Electron, Liberty Reserve, Skrill/Moneybookers and even more. A wide amount of payment services enables easier transfers since traders don’t need to open accounts with new providers.

First withdrawal in a month is free of charge. This is a great advantage since most of the traders charge for every withdrawal. Traders are recommended to check 24option withdrawal fees that apply after the first request. Minimum withdrawal with 24option is $100 and it is important to know that traders need to verify their 24option accounts before their withdrawal will be processed.

24option will charge different fees, depending on payment method:

  • Bank wire: $30
  • Credit cards: 3,5%
  • Skrill/Moneybookers: 2%
  • Liberty Reserve: 1%

24option is serving its services from 2020 and as we have already mentioned, it is regulated by CySEC. This certificate confirms that broker follows certain rules and conditions determined by this regulatory body. One of the important things to mention is that 24option segregates their client’s accounts from a central bank account.

24option is available for trading in all countries except in USA and Australia.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

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