24Option Trading is a relatively new company founded in 2010 in London. There is something unique about that broker you will recognize immediately: Their design and CI is top notch and you feel very welcome as a new trader. The demo account is also something that you won’t find at every other broker. This way novice traders can get used to binary option trading and work on their trading strategies.
They wouldn’t be one of the leading brokerage companies if the profits were not in the upper range. VIP returns up to 89%, a mobile responsive website and excellent customer service are just a few things that make this broker stand out from the crowd.
- Established: 2010
- Headquarter: London, UK
- Languages: English, German, French,…
- Website: www.24Option.com
- 24Option Minimum deposit: $250
- min. investment amount: $24
- max. investment amount: $15.000
- Payout: up to 89%
Option Trading at 24Option
It doesn’t matter if you prefer currencies, stocks or indices or even commodities, 24Option is a very solid broker. You have several different trading strategies to choose from. Besides the standard “High/Low” options, you can also trade with “Range”- and “One Touch” Options. That means you have a wide variety of options that can be adapted to your risk- and money management.
As a standard trader you will benefit from a payout of 85% and in case your option is out of the money you will still get up to 15% back. But that’s not all: Thanks to the 24Option VIP program (that is similar to OptionsClick), you can increase your payout by 4% to 89%. More details are provided below.
To start trading you don’t have to download complicated software. The 24Option platform is a web-based platform that enables even inexperienced traders to start easily. As already mentioned, the design is very attractive and makes trading comfortable. All important functions are well sorted and it doesn’t take long to get used to the platform.
Something that we really liked when we were making our review was the fact that 24Option is available for many different mobile devices. It doesn’t matter if you have an iPhone, Android, Blackberry or others – at 24Option you can control all your trades remotely.
Similar to OptionsClick, there’s an “Early Closure” feature that enables you to buy the option back when the option is currently in the money but the trend is changing against your favor. This is possible until 5 minutes before the expiration date.
Deposit and Withdrawal
24Option offers several different options to add funds to your trading account or make a cash-out. Besides standard wire transfer and credit cards you can use eWallets like Skrill or even Liberty Reserve.
Bonus and VIP Program
It’s obvious that 24Option offers a special VIP program. A deposit of at least $5.000 allows you to join. Then you will receive gold status which means a higher payout. Instead of the standard 85%, you will get 87% and a deposit bonus of 50%. Professionals can even get a platinum account with a deposit of $10.000 and more. In this case, the payout is 89% with a deposit bonus of 100%. This is really unbeatable!
Service and Customer Support
In our review the 24Option live chat worked very smooth and fast. There’s a 24/5 support on the line and you can use live chat, email or phone.
24Option is a great broker. After opening the trading platform for the first time, you will see why. Novice traders can open a demo account and start trading without any risk. Professionals with large trading funds will like the 24Option.
24Option VIP program and their unique trading features
- VIP program
- Bonus offering
- Demo account
- High Payout
- “Early Closure” feature
- Own mobile trading applications
- Available in different languages