24Option Review
In the last few years, binary trading has emerged as the fast and the most money-spinning business option in the global market, and this is instigating more and more traders to invest money in this trade. Traders around the globe are using binary options to add liquidity to their portfolios safely with minimal risks. It is true that there is enough room for earning high level of profit within very little time in this trade but only with a condition that traders should be able to curb the risks and uncertainties in a proper manner. 24Option is such a trading platform that has made binary trading a lot easier than before with a simple choice between yes or no.
24Option Review – Basic Information
24Option was established in 2010 with a view to make binary trading a lot easier for those who are new. The company is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission. As a result, investors can rest assured that they are going to have the best possible return on their investment if they go for 24Option. With low minimum deposit and a comparatively high payout, this platform is a forerunner in this sector.
Asset Types
The choice of an asset plays the most important role in making binary trading a successful affair. Therefore, more the numbers of assets better the chance of earning higher profits. 24Option offers an extensive list of underlying assets that traders can easily choose from. The list includes 3 commodities, 12 currency pairs, 9 stocks and 10 indices. Investors can easily choose one according to their requirement. However, as different types of assets tend to behave differently under different market conditions, traders should be careful enough regarding their decision.
Payout
24Option offers higher payouts than the market standard. While most of the online trading platforms offer a payout of 65 to 71 percent on successful trades, 24Option offers a return of 89 percent on trades that end in the money. This means a trader investing $100 can easily earn $189 if the price of the underlying asset shows a favorable movement. For the trades that end out of money, traders are refunded up to 15 percent of their investment. Thus, they can fall back to something in case the trade does not go well.
Trade Types
Apart from the conventional High-Low Options, 24Option also offers three other types of trading instruments which are One Touch Options, Boundary Options and Short Term Options. If the trader trades successfully, then he can easily increase his profit potential to a large extent. The One Touch Option offers a high level of profit and traders can rest assured that they are going to have the best possible return on their investment if they choose this platform.
Customer Support
The customer support service offered by 24Option is one of the best in the field and clients can contact the support staff anytime according to their convenience and any day in the week. The service is provided in seventeen different languages i.e. English, Spanish, German, French, Arabic, Danish, Indonesian, Italian, Japanese, Korean, Latvian, Portuguese, Romanian, Russian, Swedish, Turkish and Chinese.
Awards
Overview
| Broker | 24Option |
|---|---|
| Official Website URL | www.24option.com |
| Founded | 2010 |
| Headquarters | Limassol, Cyprus |
| Support Types | Email, Phone, Online Chat |
| Supported Languages | Arabic, Chinese, Danish, English, French, German, Indonesian, Italian, Japanese, Korean, Latvian, Portuguese, Romanian, Russian, Spanish, Swedish, Turkish |
| Trading Platform | Tech Financial Platform |
| Minimum 1st Deposit | $250 |
| Minimum Account Size | $5 |
| Minimum Trade Amount | $24 |
| Bonus | Up to 30% |
| Payout | Up to 80% |
| Free Demo Account |  |
| Deposit Methods | Credit Card, Electronic Payment, Wire Transfer |
| Trading Methods | 60 Seconds, Boundary Options, High/Low Options, One Touch Options |
| Number of Assets | 37 |
| Option Types | Commodities, Currency Pairs, Indices, Stocks |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
| Overall Score |  |