Binary24 Review 2020

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Binary24 Review 2020

We have another analysis to perform, but things are slightly different this time. As you can see from the title of this article, we are heading back to our roots. After examining various wallets, forex and CFD brokers and cryptocurrency exchanges, we have a binary options broker on our hands once again. The interesting thing about that is that this is a fairly new broker (launched in 2020), so it will be very interesting to see how they combine binary options with the latest trends in the online trading industry. We saw some really interesting solutions here, and we can’t wait to show them all to you in the rest of this Binary24 review. Stick around and you just might find a completely new way of trading.

Binary24 Account Types

The first thing you need to have before you can start trading here is, of course, a live Binary24 account. There is only one account type at your disposal, but we don’t really view that as a negative thing. Simply put, it means that no feature will be hidden from you. Everything is readily available, no matter how big your first deposit is. To open your Binary24 account, all you need to do is provide your e-mail, create your password and click on the Register button. And that’s it – doesn’t take more than a minute. You can also sign up with your Facebook, Twitter or even Google Plus account, which is a pretty nice touch.
However, before you start trading for real, you may want to check out what Binary24 demo account has to offer. It is completely free and requires absolutely no effort to open (not even a deposit), so we sincerely recommend you check it out. Just to get an idea what you can hope for here. You will notice a “View Demo” button right on the main page – click it and you will get a short presentation of the platform’s main features. Several nice and short tooltips will explain everything you need to know and then the Binary24 demo account will kick in. You will have 10000 virtual USD at your disposal, and all you have to do is choose an asset and see how it goes, you know the drill. Once you feel confident you can start trading on the live platform, switching to a live account is a matter of seconds. What awaits you there is the topic of the next part of our Binary24 review, so keep reading.

Binary24 Registration Page

Binary24 Trading Platform

As you can easily conclude from the broker’s name, binary options are the main focus of Binary24 trading platform. In other words, rewards are high if you can get it right, but if you turn out to be wrong – you lose. However, there are many tools here designed to make this type of trading much more than a simple coin toss.
With more than 130 assets at your disposal, from currency pairs (including cryptocurrencies) to indices and stocks, you really can’t say that there aren’t enough investment targets. However, the number of assets is just the tip of the iceberg of excellent trading features Binary24 trading platform has in store for you. It is very interesting to see what this BinoTech software is capable of, since the public had some rather high expectations from it, but we can honestly say it has duly delivered.
Probably the most distinctive feature of the trading environment here is the fact that you can trade cryptocurrencies completely anonymously. We have to admit this is the first time we see something like this implemented, but it works absolutely flawlessly. You can count on top-notch security here. Apart from that, you also have full access to historical quotes which is another priceless feature when it comes to this website’s transparency.
Binary24 trading platform API is another rich source of trading options. There, you can manage the risk associated with your trades, set up automatic execution of your desired strategies and even place orders faster than usual. Add to that the fact that the platform also offers things like live chat with other traders and access to market news, and you’ll get a complete trading experience on a single screen. Thanks to the great design, though, you’ll never get lost in the information you receive. The fact that you can earn up to 98% per successful trade is just a cherry on top of this delicious trading cake. If you don’t know, that is an exceptionally high potential profit when compared to the rest of the industry. And the best part of it is that trades can be closed within just five seconds! So, if you’re on a roll, you could become a very wealthy person literally in less than a minute. Now do you see why we think this broker will be a success? But this is still just the beginning of our Binary24 review so stay tuned because there are more unique features here we have to tell you about.

Binary24 Trading Platform

Binary24 Mobile App

If you’re too busy to just sit in front of your computer and trade, Binary24 mobile app offers a solution to that. This completely free piece of software will link you up with your account in a flash and offers pretty much everything the regular platform has, really. Great design, superb security and non-stop trading are still there, only in a form slightly adjusted to your mobile device. You can even make your Binary24 deposit this way, manage your funds and do so much more. Yes, cryptocurrency trading can be done this way, too. As far as we can see, software is regularly updated to keep up with everything on the market, meaning the company cares a lot for this part of its offer and makes sure its clients have everything they need.
However, we have to say that Binary24 mobile app is at the moment only available on Google Play, i.e. for devices on Android systems. This is somewhat understandable since this is still a new broker, and we firmly believe this will not remain the only version of the mobile platform for long. Hopefully, there will be an iOS version soon too, so that traders with iPhones and iPads can join in on the action. But this is really a minor inconvenience, especially when you take a look at the numbers we have for you in the next part of this Binary24 review.

Binary24 Home Page

Binary24 Deposit

As we all now, trading isn’t free – you have to have something in your account balance if you want to invest. That’s why we have to look at the Binary24 deposit in this article.
You have several options to make a deposit here, but all of them are actually cryptocurrencies. Bitcoin, Dash, Ethereum and Litecoin are accepted, and they practically come without any limitations. Your Binary24 deposit of this kind can be as small or as big as you want, there are absolutely no limits. There isn’t even a deposit fee. Keep in mind, however, that the funds you deposit this way may take up to an hour to become visible in your trading account balance, so you may have to be just a tad patient. Nevertheless, the fact that you can deposit in cryptocurrencies only certainly makes this company stand out from the competition. Remember, you can trade completely anonymously this way.
Since there is no minimum or maximum Binary24 deposit, you can invest pretty much whatever you want when opening a trade. Well, at least one cent’s worth of cryptocurrencies, but that essentially means you have full freedom when investing. This is a huge advantage when you compare this broker to its competition in the industry because minimum deposits often reach 250$ or so and minimum investments can be 10$. Therefore, if there’s one place where casual traders can feel at home, it’s this one. What about transferring money in the other direction, though? Find out below.

Binary24 Deposit Methods

Binary24 Withdrawal

After the deposit, we need to take a look at Binary24 withdrawal too, right? Well, let’s get to it. Each request will usually be processed very quickly, most commonly within just a few hours, but sometimes it may take a day, which is still quite acceptable. Whenever you initiate a withdrawal, there will be an icon in the top right corner of your screen where you can find out everything about the procedure. We will tell you, however, that the Binary24 withdrawal fee starts at 0.1% of the amount withdrawn, so be careful when making your calculations.
The whole process is actually pretty simple. All you have to do is log into your account and find the “Deposits and Withdrawals” button when you get to the platform. A list of available cryptocurrencies will appear in front of you and you simply have to choose what you want to withdraw. After that you simply type in the amount you want to take back. A big plus is that there is no minimum Binary24 withdrawal requirement. That way, you don’t ever have to worry about your balance being big enough. You have everything under your control, so you can essentially withdraw whenever and how much you want. Compared to other binary options brokers, this is a major advantage. Combine that with the fact that you don’t have to verify your identity, and you get one of the simplest and smoothest money transfers in the whole industry. This is definitely one of the most important features, if not THE most important feature to mention in this Binary24 review of ours. We’re not done yet, though, as there are still many important things to discuss.

Binary24 Support

It’s always important to take a look at the customer support when doing this sort of thing for a wider audience. This can tell you a lot about how serious a company is and how willing they are to provide assistance. It also tells you a lot about security and reliability, but you can read more about that in our Binary24 Scam Test.
We are happy to say that Binary24 support works very well, as the people there are at your disposal 24 hours a day, seven days a week. Of course, they are very knowledgeable about everything the site has to offer and will not try to make you open an account here as soon as you contact them, which we really appreciate. You can contact them by e-mail or via phone, plus the company is active on Facebook, Google Plus and Twitter, so you can follow them and send them a message there, too.
You have probably noticed that we did not mention Binary24 chat in the last sentence. Unfortunately, that option is not available at the moment, but the e-mail option works just as well. Every time we sent a question that way, we would receive an answer in a matter of minutes, so you really lose nothing in terms of the speed with which your questions are answered. Since we’re on that topic, we have to mention that the website has a detailed FAQ section too, which is another way you can learn how things work around here. A very commendable feature is the fact that the website is available in 14 different languages at the moment, form English to Chinese, so you should be able to find your way around here with ease.
In addition, all policies and rules are clearly stated on the website. The broker is completely transparent about everything you may want to know about investing here, which really makes the whole experience a lot more enjoyable. Thanks to that, the absence of Binary 24 chat is much more bearable. That’s really the only thing we can say about the support that isn’t high praise – the rest works absolutely flawlessly. But are there any other, more serious complaints to make? Find out in the next part of the review.

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Binary24 Complaints

Whenever we analyse a broker, we try to encompass real traders into our analysis, too. We talk to them and try to get their feedback in order to check if we missed anything while we were on the website. So, what Binary24 complaints have we uncovered?
Well, many people mentioned the one we already mentioned in the last part of the review – there is no live chat. Apart from that, we have noticed that some people are somewhat sceptical towards this kind of trading with cryptocurrencies, but as time went on they got used to the idea. The scepticism didn’t come as a consequence of any particular Binary24 complaints, but simply as a consequence of approaching something new. However, there is absolutely nothing to worry about – we repeat, trading here in simply excellent, primarily thanks to the broker’s trading platform.
There were some claims that this is a scam broker, but we couldn’t verify them. People claiming this didn’t go into much detail and they never showed any proof of any fraudulent activity. Given that we saw nothing that would indicate a scam, we cannot side with people claiming this.
Overall, Binary24 complaints made by people who trade here aren’t thing which could cause them to abandon the broker and never trade here again. There are more like suggestions what should be improved to make the trading experience here more enjoyable. You may or may not agree with them, but it’s up to the company to see whether or not they’ll implement them. Pleasing everyone is impossible. However, they do invite people to write to them and request a feature, so why not give it a shot? They are traders too, which means that they know what you’re going through and will listen to what you have to say. Still, one thing cannot be skipped when we’re talking about this company. It falls into this category of complaints, but it deserves a part of its own in this text. What could it be?

Which countries does Binary24 accept?

Well, the main Binary24 complaint we have to make is actually the number of countries they accept, which is unfortunately quite low. The fact that people from USA and Canada cannot trade here is not a big surprise because those countries have laws and regulations that prohibit pretty much all types of trading there. However, we were surprised to see the EEA (European Economic Area) on that list, which means that pretty much the whole Western Europe cannot trade on this website. Add to that Japan, Australia, Israel, Switzerland and New Zealand, and you’ll get quite a long list. We can conclude from this that the countries like India, Russia and possibly even China are this company’s main targets. Hopefully, the list of supported countries will expand in the future because we know that a whole lot of people would love to trade in this website and make the most of its very innovative features. As it stands, though, most of the Western world cannot participate in trading here at the moment.

Conclusion

In the end, we can certainly say that our Binary24 review has yielded some interesting results. An overwhelming majority of them are positive, even unique, although there is some room for improvement in terms of availability and support (more countries and a live chat would be nice). However, apart from that, there really is nothing bad we can say about this broker. All features are readily available to you, as there are no account packages that can only be unlocked with big deposits. We recommend you try the Binary24 demo account because it is really an excellent example of how this feature is supposed to work. The company has a unique approach to trading in that it accepts only cryptocurrencies (for now, at least) as deposit methods, which is also accompanied by some fairly unique features. This is all thanks to a great trading platform which is based on excellent Binotech software and which has loads of assets and analytical tools to offer you. Not only that, but it also comes as an app for mobile devices, so there really is no reason to say anything bad about it. Not a single word. As a matter of fact, we came across very few Binary24 complaints, and none of them were serious enough that they’d dissuade us from trading here. The support team is professional, all policies are completely transparent and there is nothing to fear. If you want to see the latest evolution of binary options trading, this is the broker you need to sign up with. Do it now and experience something completely new.

Binary24 Review – is it scam or safe?

Trading Accounts & Conditions

Minimum deposit Min./Max. bet size Expiry Times Payout %
$1 $0.01/ $1 000 5 sec. to 24 hours Up to 90%

Binary24 offers trading in binary options (all-or-nothing options, as they call it) – options for which the payout is determined before the order is placed. Traders simply have to make a prediction about whether the price of a given asset will move up or down within a predefined time period. As long as the option expires in the money, the trader receives a fixed amount of return.

Unlike most binary option brokers, Binary24 offers a single type of account on its in-house web-based platform. It covers many asset classes, ranging from currencies, stocks, indices, commodities to the hottest new asset, cryptocurrencies.

Binary24 Advantages:

Good variety of trading instruments, including cryptocurrencies

There are wide range of financial instruments available for trade at Binary24. They are arranged in several categories in the broker’s platform: Forex, Crypto, Indices, Commodities, Precious metals and equities. As regards cryptocurrencies, Bianry24 offers trading in some of the most popular coins – Bitcoin, Ethereum, Ethereum Classic, Litecoin, and Dash.

Cryptocurrencies have gained massive popularity lately and that is why many forex and binary options brokers have added them to their offering. Below, you may find a list of forex brokers that offers trading in Bitcoin (in the form of CFDs).

Seemingly high payouts

The payout percentage at Binary24 varies, depending on the instrument traded, but reach 90% on major forex pairs. The broker’s website even brags about a payout of 98% on its website, but we didn’t see such in their platform.

No initial deposit required

Binary24 has not set any specific initial amount their clients should deposit in order to use the platform and trade. The minimum bet size is also very low, which allows for better risk management.

Another peculiarity of this broker which might seem attractive is the fact that you don’t have to prove your address or verify your identity. This is due to the fact that Binary24 only accepts deposits in cryptocurrencies.

Binary24 Disadvantages:

This broker is owned and operated by Binary24 Ltd., a company registered in Belize. Belize is a popular offshore destination for forex and binary options brokers, as taxes and legal requirements are very lax. The problem for clients of such a companies is that there is no guarantee they will ever get to withdraw money from their accounts (regardless of the trading performance). Besides, the binary options industry is notorious for its gambling nature and the fact that most brokers are pure scammers.

However, now that ESMA has banned binary options altogether (as of July 2, 2020), there have remained no reliable regulators in this sector. Previously, most regulated binary options brokers were holding licenses from the Cyprus Securities and Exchange Commission (CySEC).

Only cryptocurrency accepted as deposit

As we mentioned earlier, Binary24 does not use many payment methods. The fact that it only accepts deposits in cryptocurrencies means that its clients have to possess some BTC, ETH, LTC or Dash in an online wallet.

No long-term options

Binary24 offers trading in options that are mostly short term, starting from just 5 seconds. Most traders will do better if they start out with longer term options which last a few hours or days, and then work their way up to 30/60 seconds.

Platform too simple

The software, which was developed by Dubai-based fintech BinoTech, is said to be the world’s first binary options system to offer traders access to historical data. However, this feature does not seem to be working.

Besides, we find the charting lacking any technical analysis tools. Here is a preview of Binary24’s web-based platform:

Click on the image to zoom in.

Mobile apps are also available.

Conclusion

The offer of Binary24 might seem catchy, but we would not recommend investing with this binary options broker. Trading on its platform seems easy and the website promises massive and quick returns, but the truth is most traders lose and many of those brokers are pure scams. As most binary options brokers, Binary24 also isn’t properly regulated, so its clients have no protection if something goes wrong.

To sum up the above:

Pros Cons
Good variety of trading instruments, including cryptos Registered offshore
Seemingly high payouts Only coins accepted as deposit
No initial deposit required No long-term options
Anonymous trading Platform too simple

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Binary24 – Anonymous trading using Crypto Currencies Review

Overview

Binary24 – Anonymous trading using Crypto Currencies – Up to 98% Profit in 5 Seconds and Low Minimum Deposit Binary24 Is an internet trading platform designed by traders for traders. Especially… more

Details

Broker Binary24 – Anonymous trading using Crypto Currencies
Website URL https://binary24.com/n/159_198
Founded 2020
Headquarters Suite 102, Ground Floor, Blake Building, Corner Eyre & Hutson Streets, Belize City, Belize
Support Number +44 20 3855 9898
Support Types Email , Phone , Live Chat
Languages English , Português , 日本語 , Español
Trading Platform Owner
Minimum 1st Deposit 10$
Minimum Account Size 10$
Minimum Trade Amount 0,01$
Maximum Trade Amount 1000$
Bonus 10,000$ Binary Options Free Demo Account Without Deposit
Payout up to 98%
Free Demo Account
Account Types Real Money Account , Free Demo Account Without Deposit
Deposit Methods Bitcoin , DASH , Litecoin , Ethereum , Credit Cards , Bank Transfer
Withdrawal Methods Bitcoin , DASH , Litecoin , Ethereum , Credit Cards , Bank Transfer
Number of Assets 130+
Expiry Times Starting from 5 Seconds
Types of Assets Forex , Crypto , Indices , Commodities , Precious Metals , Equities
Option Types UP / Down , LUCKY STRIKE
Trading Currency USD
Account Currency USD
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 10/10
  • The Only Binary Options Broker Who Offer 5 Seconds Trading! Make up to 98% Profit at Every 5 Seconds
  • USA Customers Welcome If They Deposit Using Crypto Currencies

Full Review

Binary24 – Anonymous trading using Crypto Currencies – Up to 98% Profit in 5 Seconds and Low Minimum Deposit

Binary24 Is an internet trading platform designed by traders for traders. Especially people who’d like to trade cryptocurrencies. The Company spent heavily in Research & Development to make this Game-changing platform that is employed on cutting edge technology. Proud of Their transparency, Binary24 optimizes trader expertise without Freezing prices and reevaluate order execution.

Binary24, an online binary options and crypto trading broker, has launched its highly anticipated, fully transparent binary options trading platform. In Binary24, the registration process is quick and easy. Customers are able to exchange anonymously 24 hours a day, seven days each week, with Bitcoin and also other crypto currency residue such like: Dash, Ethereum along with Litecoin.

  • 10,000$ Binary Options Free Demo Account Without Deposit – Click Here To Open An Account
  • up to 98% Profit at every 5 Seconds
  • 10$ Minimum Deposit for Credit Cards
  • No Minimum Deposit for Crypto Currencies
  • 0,01$ Minimum Trade Size
  • USA Customers Welcome with Anonymous trading using Crypto Currencies deposits
  • Easy Registration
  • Historical Quotes

But, Binary24 isn’t exclusive to cryptocurrencies. Traders may also cash out — and deposit — funds directly from their bank or using their bank card.

With a vast selection of tools available to market, for example commodities and indices from worldwide companies such as Apple, Twitter, BMW, along with Sony, deals at Binary24 beginning below $0.01 and clients can earn upto 98 percent at every 5 seconds.

Their simple, all or nothing option usually means that customers make predictions on the movement of the values of assets. At Binary24, it requires three quick measures to maximize trading profit. Firstly, traders select an investment amount, then they select the expiration period, last but not least, they predict which direction the purchase price will probably likely go.

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Binary Options Trading School
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