24Option is one of the leaders in the binary options market. It’s of course a relatively new company (founded in 2010), but the management has done a lot of things correctly and showed in the past that 24Option is an innovative and customer oriented broker which one can count on in the future as well. Not only the various trading platforms are innovative and easy to use but also the numerous trading ways such as highly risky variants allow option trading at a very high level. Read our review, or better make an impression of 24 Option yourself by clicking here and examine the broker closer!
The trading platform is completely web based – hence no download is required and you can immediately start to trade without having to spend much time with installation. Mobile trading with iPhone, Android and Blackberry is also possible besides web trader. The very special thing about 24Option platforms is the very easy usability.
Overview of 24Option
Payout: up to 88% in case of a profit
Underlying assets: currencies, stocks, commodities, indices
Number of the underlying assets: 55
Trading Functions: High/Low, One Touch, Boundary
Minimum deposit: $250
Demo account: Yes
Trading functions and payout
The payout is for many traders the decisive factor and the good news is that it is very high at 24Option. Not only 88% return for options in the money is possible. In terms of payouts, there are much worse brokers and 24Option is without a doubt one of the best offers in the market – another reason why this broker’s popularity is always increasing.
Another reason is the numerous trading functions that can be used. Besides the classical High/Low options, which is actually the core of binary options trading, there are many more and usually more risky options which can be traded. In case of High/Low options, you should decide if the rate will be higher or lower at some time in the future. There is nothing innovative about this. The real innovative one is the Above/Below version where the investment can be even quadrupled. However, in that case, you need to guess how the price will develop and not only whether it will be higher or lower at a predefined time in the future. So, in this version, you can guarantee a higher earning at the expense of a higher risk.
One Touch Options are also available at many brokers and relating to them, 24Option has also included a risky variant called High Yield Touch. In the case of One Touch Options, you need to decide whether the rate will reach a certain price or not. With One Touch the price will be reached and will not be reached with No Touch. With High Yield Touch, the price is expected to reach in both directions. It is not very likely and therefore the return is very high. Especially in volatile markets this option is worth considering.
24Option offers something which surely not every broker can offer via Boundary Options, where it is decided whether the price moves between the boundaries or exceeds them (Out of Boundary). High Yield Boundary is very similar to High Yield Touch and it is again the risky version where the price boundaries should either exceed the two directions or should not exceed.
Please note: Investors can lose all their capital.
24Option demo account
As one of the few brokers (at least at the moment), 24Option offers a free demo account. It’s free; on the other hand there is one condition to use it: you have to deposit at least $250. This frightens many people, BUT: you are allowed to withdraw that money anytime. Apart from this, you should simply have some money ready if you really want to trade with binary options. Whether you already make a deposit now or later does not play any role. A demo account without a deposit would be preferable for most traders of course; therefore this point is the only deficit which can be found at 24Option.
Deposit and payout
At 24Option it is possible to make the deposits in various ways and therefore every trader can find a suitable payment method. For example: Wire transfer, credit cards (Visa and Mastercard), Skrill and Liberty Reserve. 24Option will certainly extend these possibilities in future. The funds will be credited immediately except for the wire transfer where it takes a little longer. The minimum deposit is $250.
Mobile Trading and Apps
Although the mobile trend is still relatively new, 24Option has managed to offer an excellent web application, which works in all systems. No matter if you want to trade with iPhone or an Android smartphone, you can trade at 24Option directly in your browser without having to download an App. When you visit 24Option with your mobile phone, you will notice that you’re directed to another site than you would be if you connect with your PC. Thereby a Web App is handled which is suitable for all mobile phones. In short, it would not work any better!
As 24Option is a Cysec regulated broker, they are no longer allowed to offer deposit bonuses for traders.
24Option is part of one of the largest binary options trading companies along with OptionFair. This broker does not make use of a white label trading platform and is providing its own platform. You will see the features of this platform right from the beginning. If you like black as color then you will get used to the unique 24Option identity with black backgrounds and gold fonts. And if you’re also a slightly advanced trader you will just love this broker and there’s no reason why you should not sign up.
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