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24option Reviews: Deposit, Demo & Binary Options Trading Info

Category: B2B News

24option is one of the recognized and reliable binary options brokers in the industry and has been around since 2010. In 2017, they added forex and CFDs trading to make their offerings complete. In this article, we provide information on all essential features and figures of 24option to enable you to understand whether they are the right choice for your trading needs.

Trading Platform

24option reviews show that the broker uses the MT4 and Web Trader trading platforms. These platforms are easy to learn and use, and highly secure. Plus, they have an attractive visual appearance and are a great choice for traders to enjoy their online trading experience. The minimum deposit amount needed is $100 and leverage is 1:1200. The average payout rate is 88% and the maximum payout is 200%. The minimum investment per trade is $24.

Trading Features

24option enables you trade on 43 stocks, 19 indices, 30 currencies, and 11 commodities. Trading hours with these assets are from 5 am to 10 pm Monday through Friday. Useful trading features include a demo account and mobile trading. This broker offers mobile apps for Android and iOS devices to enable trading on the go. The mobile apps can be downloaded and used on desktop computers too, besides tablets and smartphones.

Demo Account

According to all 24option reviews the broker offers a convenient demo account that is useful for both novices as well as experienced traders. The demo account shows you exactly how the trading platform works and enables you to get good experience. The major benefit is you can get used to the platform and features without investing your money as you are provided virtual currency. Try out some strategies and techniques to check if they become successful. After gaining confidence, you can move from the demo account to actual trading on the live platform.

Education Center

24option stands out from ordinary binary options traders because they offers a well-stocked education center packed with e-books, videos, tutorials and other training materials. You can expand your trading knowledge with these useful tutorials. Newbies can learn about basic trading while professionals can update themselves on advanced trading. In addition, you can keep checking the blog regularly for the latest market news that is updated based on existing market situation.

Trading Accounts

24option offers 5 types of trading accounts:

Basic Account

  • Leverage up to 1:1200 (this feature enables to get greater impact while investing smaller amounts)
  • Majors spread as low as 3 pips
  • Minors spread as low as 4 pips
  • 1 free withdrawal per month

Silver Account

  • Leverage up to 1:1200
  • Majors spread as low as 3 pips
  • Minors spread as low as 4 pips
  • 1 free withdrawal per month
  • Real-time trading alerts on upcoming events
  • Personal coach

Gold Account

  • Leverage up to 1:1200
  • Majors pairs as low as 2 pips
  • Minors spread as low as 3 pips
  • 1 free withdrawal per month
  • Real-time trading alerts on upcoming events
  • Personal coach
  • SMS and email alerts
  • Dedicated account manager

Platinum Account

  • Leverage up to 1:1200
  • Majors pairs as low as 1.5 pips
  • Minors spread as low as 2.5 pips
  • No withdrawal fee (unlimited withdrawals)
  • Real-time trading alerts on upcoming events
  • Personal coach
  • SMS and email alerts
  • Dedicated account manager
  • Research website
  • Live training session

Diamond Account

  • Leverage up to 1:1200
  • Majors pairs as low as 1.5 pips
  • Minors spread as low as 2.5 pips
  • No withdrawal fee (unlimited withdrawals)
  • Real-time trading alerts on upcoming events
  • Personal coach
  • SMS and email alerts
  • Dedicated account manager
  • Research website
  • Live training session
  • Customize platform
  • Juventus tickets

Customer Support

24option offers reliable 24/7 customer support via phone, live chat, and email. Besides English, they offer support in French, Spanish, German, Italian, Russian, Indonesian, Turkish, Arabic, Portuguese, Romanian, Korean, Japanese, Finnish, Swedish, and Danish. The extensive support features show shows that 24option ranks among the best binary options brokers in the industry.

Banking Info

24option enables you to deposit and withdraw money using a range of secure methods that include credit and debit cards, e-wallets, and bank wire. Cards that are accepted include: Mastercard, Visa, Visa Electron, Diners Club, Laser, Liberty Reserve, Cartasi, Discover Card, and Dankort. You can also opt to use e-wallets such as Neteller, Moneybookers, or Skrill.

24option is one of those binary options brokers that insist on receiving certain documents from traders before processing withdrawals. These include a copy of photo ID, proof of address, and copy of credit card used (make sure only the last 4 digits are visible). Withdrawal can take up to 5 business days.

The minimum withdrawal amount is $100 and you can withdraw only in the same currency in which you have deposited. In addition, 24option charges fees that include 3.5% for credit cards, 2% for Skrill and Moneybookers, and $30% for bank wire.

Summary

On the pros side, there are the reliable regulation, wide range of instruments, choice of trading platform, multilingual support, localized phone support, and choice of 5 trading accounts. On the flip side, there is lack of support for ECN (electronic communication network) trading. As you can see, the number of pros are much more which assures you that you are in safe hands if you wish to invest in 24option.

By Nestor Gilbert

Senior writer for FinancesOnline. If he is not writing about the booming SaaS and B2B industry, with special focus on developments in CRM and business intelligence software spaces, he is editing manuscripts for aspiring and veteran authors. He has compiled years of experience editing book titles and writing for popular marketing and technical publications.

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