24Option Review

Trading Platform

24option offers its traders access to one of the most intuitive trading platforms in the industry. The trading platform is powered by TechFinancials which is a leading platform provider. One of the upsides of their platform is the fact that it’s completely online and traders do not need to download third-party software in order to trade. The 24option platform embraces the latest technologies to facilitate fast trade executions and hence, minimises costly trade delays. The platform is also well arranged and buttons are clearly visible to ease navigation.

The 24option trading platform comes with a number of unique features including access to an Economic Calendar, trading indicators as well as trade alerts. Traders also have a wide choice of trade options to trade including High/Low, Short Term, One Touch and Boundary. There is also a vast selection of assets to trade and a variety of expiry times enabling traders to diversify their trading portfolios with ease.

Mobile Trading

At 24option, trading flexibility and convenience are prioritised as evidenced by the fact that they offer mobile trading. This form of trading while on the go is achieved using an app which is freely available to all smartphone users and can be downloaded from Google Play and the Apple App Store. Their mobile trading app allows traders to react to potentially lucrative market events at any time of day or night and from anywhere. The mobile app is easy to use and traders can even make withdrawals/deposits while on the go.

Account Types

To suit different traders’ tastes and preferences, 24option offers their clients a number of trading accounts to choose from. Each account has a different payout rate and deposit requirement and is tailored to offer a variety of services and benefits.

It is important to note that 24option has a minimum initial deposit requirement of only $250 and a trader is able to select the currency of their account including US dollars, euros, British pounds, Japanese yen and the Russian ruble.

In addition to the above account types, 24option also offers an Islamic account type which is developed in accordance with Sharia law. This means, for example, that no fees or interest are charged and variable time frames are provided.

Bonus Types

24option offers attractive incentives for new and existing traders. For instance, first-time traders are treated to a unique type of trading bonus where they are permitted to have risk free trades. That is, even if the trade ends ‘out of the money’, the invested funds are refunded in full. In addition, new traders are offered a free signals package. The trading signals are thoroughly analysed by professional analysts and have a very high success rate. Other promotions include Juventus and Lyon tickets, an Apple Watch and much more. The broker also offers a variety of trading competitions where top traders can win up to $24,000 in cash.

Demo Account

24option is among the few brokers offering demo trading to their traders. To access the demo trading platform at 24option, one will need to register and to make a minimum deposit of $250. After making the deposit, a trader is required to contact customer support for a referral link to the demo trading page. Demo trading offered at 24option can be of much help especially if you are a beginner as it enables one to practice trading in a live market with virtual funds.

Support

Their traders’ welfare is prioritised at 24option as evidenced by their highly responsive customer support. The support team is available 24/7 and they can be contacted with ease via email, live chat or telephonically using the many regional telephone numbers provided on the site. The 24option customer support and website are also available in 14 languages including English, German, Italian, Russian, Japanese, Arabic and Spanish, among others.

Reliability

The reputability and reliability of a broker should be a chief factor to consider when selecting a broker to partner with. For the years they have been in existence, 24option have proven to be reliable and to strictly abide by the regulations as laid out by the CySEC. Investors’ funds are maintained in segregated accounts and the trading platform and website are encrypted with the latest SSL technology to ensure the safety of each trader’s personal information.

Pros and Cons

Conclusion

24option is a reputable binary options broker offering transparent, reliable, secure and profitable services. Trading with this broker provides a seamless experience and if you are looking for an all-round broker with an untainted performance record, then 24option should be your broker of your choice.