|Support Number||+357 25 262789|
|Support Types||Email , Chat , Phone|
|Languages||English, Spanish, French, German, Spanish, Italian, Japanese, Latvian, Portuguese, Romanian, Swedish, Turkish, Russian, Arabic, Danish, Indonesian , Chineese|
|Minimum 1st Deposit||250$|
|Minimum Account Size||250$|
|Minimum Trade Amount||25$|
|Maximum Trade Amount||50000$|
|Free Demo Account|
|Deposit Methods||Credit Cards , Money Bookers, Wire Transfe, Neteller, WebMoney, Paysafe Card, CUP, Astro Pay, Moneta, Sofort, Giropay, Neo Surf, Ban k Link, EU Teller, EPS , Qiwi, Ideal, Sofort, CashU, Perfect Money, Teleiningres, Ticket Surf, Multibanco, Mister Cash|
|Withdrawal Methods||Credit Cards, Wire Transfer, Money Bookers, Neteller, Perfect Money, Cash U, CUP, Qiwi, Webmoney|
|Number of Assets||106|
|Expiry Times||60 seconds, 5 minute, 15 minute, 60 minutes, Daily, Weekly|
|Types of Assets||Forex,Indices, Commodities,|
|Option Types||High/Low , Speed Trading, One Touch, Zone|
|US Traders Allowed|
24 Option was established in 2010 in Cyprus, is a trademark owned by the company Rodeler Limited(formerly Cbay Financial Services Limited regd number HE 312820. Official address Samos Business Center, 2nd floor, 67 Spyrou Kyprianou Street, Potamos Yermasoyia, Limassol CY-4043, Cyprus) .
The company established in the market pretty fast due to its superior trading platform,which has advanced charting tools eliminating the need for the traders to use any other tool. Combined with high payout rate and international presence,24Option is one of the top 3 Brands in the binary options industry.
Minimum Deposit and withdrawal
Minimum deposit requirement is 250$. Though,I would highly recommend with starting with at least $500 as it will give enough room to test different strategy without blowing up the account.
Bonus given by every brokers come with a caveat to avoid customers exploiting brokers. Do remember that,you can withdraw the bonus only when you have traded the 30X amount of bonus. So,if you get $1k bonus,you need to trade $30k in volume before you can withdraw the full bonus amount. This restriction on bonus withdrawal is imposed to avoid misuse of the bonus. Check the table to know the all the deposit and withdrawal method.
Apart from large lot trading possibilities, the broker provides clients with huge training materials including videos, e-book, some useful articles and webinars. Each trader can receive some basic knowledge on financial markets, binary options, analysis methods and so on.They do have one tips service (for clients who deposit more than 3000$) where they show automated high probability trades. Though,they call it signals service,it is actually tips service. I found the service from average to good. If you trade with overall direction of trend ,you can get good success rate.
24Option customer support is quite professional and they offer support in multiple languages. In our multiple interaction with them ,we found the staff to be quite knowledgeable.
24Option: Payout and Types of contracts
One of the main advantage of 24Option is the high payout(Upto 91%) for “In the Money” options.
This broker offers 4 main types of contracts –
24Option Scam: Is It True?
Well as mentioned above they are [su_highlight background=”#37c532″]CySEC regulated[/su_highlight] and one of the oldest brand in the industry. So,they are definitely not scam. There are some unsatisfied customers but I could not find any genuine red flag . Most popular allegation is manipulation of price during news announcements. But,it is only natural to have high volatility during major news announcement. So,I would advise to stay off from the 5 min trading in general during big news.
Another part of bad feedbacks appears due to the low level of trading abilities and the unwillingness of some newbies to admit their own trading mistakes. They come into the market, lose their money and blame broker for their failures. You should always keep that in mind while reading people’s so called reviews.
If you have genuine complain about the broker,do reach out to us via our Facebook page. We will definitely try to solve the issue with broker else,update our editorial reviews accordingly. As of now,they are definitely one of the most recommended broker in the industry.
Overall, We conclude that 24Option is a legit Cysec regulated broker with advanced trading platform, good track record, friendly support staff and high payout. Your money is in safe hand with 24Option . Before writing this review,I have read a lot of scam reports,forum posts and comments all over the internet and could not find any genuine case of concern about 24Option.
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