24 Option Review
- Platform Overview
- Trade Types
- Deposit and Withdrawal Options
- Payouts and Return on Loss
- Security and Reliability
- Assets Available
- Account Types and Bonuses Offered
- Quick Conclusion
24option binary Options website offers multiple options to select from a very large list of assets that are applicable for the trading events. It is no wonder why the broker has become known as one of the world’s finest and best brokers in the binary industry.
The dark design is most excellent in this particular example, for the whole page can contrast with the highlighted features that make for an undeniably attractive website. There are always new news updates and most relevant features and updates within the world if financial trading online.
Their complete guide will also help you find your way through the progress of location the best trading opportunities and which strategies might be most effective.
The 24Option’s trading platform is a typical web based binary options platform that is simple and easy to understand, in short a good platform for those new to binary options. The trader simply chooses the asset he or she want to trade, the expiry of the option, and the value of the trade and whether you think the price of the asset will go up or down.
The trading platform is available in a number of languages including English, Italian French, Turkish, Portuguese, Arabic, Spanish, and Japanese.
I would like to see a bit more tools for the traders when it comes to analysis tools and more in depth charting, overall this is somewhat poor for the more experienced traders whom might consider their platform to be more a game then a investment platform..
High / low options
24Option offers high / low options for stocks, indices, commodities, and currencies, always providing a high payout of up to 90%. High / low options are one of the more classic binary option trading types. All you need to do is to predict whether an asset’s price will rise or fall over a predetermined period of time.
60 seconds options
I find this this type of trading the most fun as you just have to wait 60 seconds to actually see if you won or lost your trade. The 60 seconds options are a special form of high / low options where after you predict where the market will be (up or down) after 60 seconds. My advice is to trade this type only when a trend on a 15-minute or 30-minute chart creates a breakout.
One touch options
This Type of trading is a bit for the more seasoned trader as it is harder, on the other hand the payout can also be much higher in relation to the higher risk. The concept is that you not only have to predict which direction the price will move, but also how far it will move in that chosen direction.
The main advantage of touch options is that you will even win your trade if the asset reaches the target price just once during the time set for this trade. It is not required that the price remains at this level until your option trade time expires.
Trading a boundary option is a bit easier than trading a touch option, at the same time the payout is also lower because of this (around 200 – 300%). Trading Boundary options is the perfect trading type when you expect the market to show strong movement but the trader is not sure in which direction this movement will be.
Boundary options work like one touch options with a target price in both directions. Both target prices are equally far from the current market price, creating a corridor the asset has to leave for you to win your binary option.
24Option Deposit and Withdrawal Options
24 Options prides itself on its quick payment processing, meaning that when you request to withdraw part or all your funds this is done easy and fast.
The offer enough payment methods to be able to cater to traders around the world.
Currently they have the following options.
- Credit Cards
- Wire Transfer
- Western Union
Payouts and Return on Loss
The height of the payout by 24Option mainly dependent upon the type of trade the trader used. Still from what we have seen this is between the 70% and 85% and the system will tell the trader the actual amount for that trade when the trade expires ‘in the money’.
24option provides the traders with a large selection of assets, combine that with the different kinds of trading types and a trader should always be able to find something to his or her liking.
see all the asstes on the “assets Tab”
Stocks are the most popular asset type to be invested in with binary options. To invest in stocks, you can choose from four different binary option types:
- High / Low options
- One Touch options
- Boundary options
- 60 seconds
With these four option types, 24option allows you to invest in a wide variety of stocks from all over the world whichw ill be available to trade home market is open
- Europe (France Telecom, BMW, British Petroleum PLC, etc.)
- Asia (Samsung, PetroChina, Gazprom, etc.),
- America (Coca Cola, Apple, Nike, etc.)
Trading Currencies is different binary options than stocks as currencies are traded in pairs. The trade is based on the 2 currencies and how they are perfomring against each other for the selected period of time. Currencies are traded continuously throughout the week from Monday to Friday.
Commodities are a somewhere in between trading stocks and currencies.
For binary option investments, indices are almost identical to stocks. They feature the same trading times and the same basic characteristics.
24option deposit bonus
24option offers its new customers a deposit bonus which is a % of the initial deposit will e added to the account as extra money to trade with.
In general this is around 70% that means, when you open a new account with 24option, you will receive 70% of your initial deposit extra. If you deposit $1,000 with your first deposit after opening your account, you will get deposit bonus of $700 for free ($1,000 x 70% = $1700). In total, a deposit of $1,000 will translate to $1700 in your account.
But this is not free money as you are not able to take it out. You have to invest this amount (they amount you have receive) at least 50 times in order to be able to take it out. By this time thou you are in profit or your account is most likely empty. So be aware when accepting bonuses.
24 Options is a reliable broke which for people who want to enter this industry might be one of the better solutions out there.
This easy interface, which I might add is for some too easy, allows the trader many different trading types and assets to trade with. Their fast withdrawal procedure help with establishing their credibility.
24 Option Details
|Telephone||357 25 262789|
|Regulated||CySEC, FCA, BaFin, CONSOB, FMA, Banque de France, CNMV, FMA Liechtenstein, AFM, HCMC, CNB, ATVP|
|Mobile Specific Trading||Yes, Android & iPhone App|
|Account Currencies||USD, EUR, GBP, SEK and RUB|
|Languages||English, Italian, Spanish, German, Russian, French, Portuguese, Turkish, Arabic, Chinese, Japanese, Danish, Indonesian, Latvian, Romanian, Swedish|
|Option Types||CALL/PUT, One Touch, 60seconds, Long Term, Pair Options, Ladder Options|
|Option Expiry Times||60sec, 2min, 15min, 30min, 1hr, 24h up to 150 days|
|Underlying Assets||Stocks, Commodities, Currency Pairs, World Indices, Stock Pairs|
|In the Money Returns||70% – 88%|
|Out of the Money Returns||From 0-10% depending on option|
|Deposit Methods||Bank Wire Transfer , Banklink , Cash-U , Credit Card , Giropay , iDeal , Moneybookers , Multi Banco , Neosurf , Neteller , PerfectMoney , QIWI , Sofort , Teleingreso , Ticketsurf , Webmoney , AstroPaycard , Moneta , PaySafeCard|
|Withdrawal Time||Up to 2+ business days for processing, 5-7 days to be in your account|
|Documentation Needed for Withdrawal||Photo ID and proof of address. ie. utility bill|
|Support Languages||English , Italian , German , Russian , French , Portuguese , Greek , Turkish , Dutch , Arabic , Polish , Chinese , Japanese , Czech , Hindi , Hungarian , Slovak , Urdu , Multi-lingual|
|Free Tools||Binary Options Daily|
|Daily Market Analysis|
|Binary Options Strategy|
|Service & Features||Basic||Silver||Gold||Platinum||Diamond|
|Payout – up to||82%||82%||84%||86%||88%|
|Monthly Withdrawal Fee||yes||yes||yes||no||no|
|24/7 Customer Service||yes||yes||yes||yes||yes|
|Trading Central (basic)||Yes (Basic)||yes||yes||yes|
|SMS & Email Alerts||yes||yes||yes|
|A Personal Coach||yes||yes||yes||yes|
|Live Trading With Expert||yes||yes||yes|
|Financial Expert Session||yes||yes|
|Higher trading limits and exposure||yes||yes|
|currencies||AUD/CHF||Stocks||British Petroleum PLC|
|currencies||USD/ZAR||Stocks||Tata Motors Ltd|
|Stocks||Westpac Banking Corporation|
|Indices||ASX 200 Future|
|Indices||Hang Seng Future|
|Indices||South Africa 40 Future|