The binary options industry as a whole recognizes 24option as one of the top-tier, veteran brokers. In business since 2009, 24option is now officially licensed and regulated by the Cyprus Securities and Exchange Commission. Their TechFinancials platform appeals to a broad range of traders, as do the many extras that they provide to their clients. Combine these facts with return rates that often exceed 85% and it’s no wonder why so many traders want to learn more about this broker.
The same as 99.9% of the platforms available today, 24option delivers a completely web-based platform that can be accessed from both standard computers and mobile devices. The layout of the platform is very straightforward, making it easy to navigate through the available options, trading tools, and banking area. All asset information is provided in real-time and charts are provided to display both current and past asset price movement. A detailed FAQ section is provided, but 24/7 multi-lingual customer service is available to all who have questions.
The minimum deposit is set at $250 (euros, pounds, and yen are also available). The minimum withdrawal amount is set at only $10. There are plenty of deposit and withdrawal instruments to choose from, including credit cards, bank wire transfers, CashU, Skrill, and more. There is no cost for the first withdrawal request of each month, but additional requests are subject to a fee of $30. Withdrawal times range from 3-5 business days, but those who choose to become a VIP client will have their withdrawal request processed within 24 hours.
24option delivers a nice variety of assets which represent the commodity, currency pairs, indices, and stock groups. Requests for additional assets to be added are always accepted, but traders should find more than enough attractive trade opportunities by using the underlying assets that are already provided. To pair with these assets are a number of trade types including High/Low, Boundary, 60 Seconds, and One Touch. Each of these will provide a unique way for traders to profit from market movements.
The return rates on winning trades range from 70% up to $89, with One Touch trades offering returns as high as 310%. 24option is one of the few remaining brokers who are willing to offer a refund rate on select losing trades. These rates can be as high as 15%. Of course to profit from binary options trading, one must know how to trade correctly. 24 option helps with this by providing a free e-course, trading e-book, trading videos, one-on-one assistance via dedicated account managers, and much more.
Customer service and reliability are extremely important when selecting a broker. 24option offers support 24-hours a day, 7-days a week. Support is offered in an impressive sixteen different languages via live chat, email, and telephone. There are plenty of country-specific, local phone numbers for traders to choose from. For those who prefer to seek out their own answers, one click of the “Help” button will direct you to a large list of help topics and detailed explanations.
Is 24 option trustworthy? Many would argue that the fact that they are now regulated answers that question, but there really is more to consider. A detailed online search reveals no serious complaints. There are a few grumblings from those who feel that they did not receive their withdrawal as quickly as they would have liked, but there is nothing to indicate that payment was not received within the stated time-frame. There really are no indicators that any type of 24option scam has ever taken place or ever will.
It’s quite obvious that this broker is here to stay. By providing traders with exactly what they want and need, 24options has managed to position itself among the elite brokers in the industry. Anyone in search for a binary options broker would be remiss in not visiting 24option and checking out the platform and features that are being provided.