Quick Info
Minimum Deposit:
$250
Minimum Investment:
$24
Maximum Investment:
$100,000
Max Returns:
89%
Max Bonus:
Seasonal bonuses and promotions
Live Chat:
Yes
Deposit Methods:
Visa, Mastercard, Bank Wire, Skrill Moneybookers, Diners Club, JCB, Discover Card, Liberty Reserve, Dankort, Cartasi, Laser, Visa Electron
Currencies:
USD, EUR, GBP, Yen
Trade Options:
High / Low, Boundary, Touch Options
Assets:
Currencies, Stocks, Indices, Commodities
Software:
TechFinancials

Summary

24option's fantastic payouts, cutting-edge proprietary platform, and great range of assets all serve to make it one of the most appetising choices of broker on the market. A strong but clear range of account types cater for every type of user, and innovative trading competitions and high-grade educational material further burnish the credentials of this high-execution high-choice firm.

Review

Although 24option has only been around for four years, it has already carved out a fine reputation for its payouts - and was awarded the Best Payouts gong at the prestigious FBO 2014 ceremony. However, this site doesn't try and mislead prospective customers with undeliverable promises - indeed, there are other brokers who offer better top yield rates. However, 24option regularly hits rates in the mid 80s, and even its standard payout is in the high seventies or low eighties. This is remarkable, and promises that if you execute your trades properly, 24option will be there to guarantee you winning results.

At many brokers, a deposit is a deposit. At 24option, though, the more you bring to the table, the more opportunities the company will place in your lap. Start with an investment of €2,500, for instance, and you'll get an instant 50% bonus. Even a standard account gives you unfettered access to 24option's vast spectrum of trade types - we'll come back to these shortly - along with zero commission rates. However, invest more, and you'll unlock additional juicy features.

Put in €5K, and you'll be bumped up to instant Gold status. Crucially, this means an extra couple of percent will be applied to all your trades - 24option already has some of the best payouts in the business. A free withdrawal can be made every month, while Gold membership also entitles you to a one-on-one training session with one of the company's respected market analysts.

A €10K investment, though, will secure a Platinum account. This exclusive club entitles you to a magnificent 4% increase on all of your trades. Besides the other advantages of the Gold account, you'll also have access to full coaching, plus unlimited free withdrawals every month. Up to €20K can be traded at a time, making the broker a prime watering hole for big Binary players.

24option's main interface is tailored towards serious users, ane the €250 minimum deposit may put off beginners. Not that first-timers are left out at 24option, though. It's just that the company wants to give all of its customers every chance to be successful. The Binary Options market is no place for the green, but newcomers can cut their teeth on the authentic demo account, trying their ideas with a fictional bank balance before graduating to the real thing. While a demo account can't replicate the full experience, it will give sensible traders the chance to explore their strategies as fully as possible. The site also has a vast library of literature, training videos, webinars, and carefully assembled guides, intended to keep 24option users fully informed.

Along with this 24option offers a comprehensive library of informational videos, eBooks and webinars to help promote users to be as effective traders as possible. Plus, for those who are on the run, 24option also offers a mobile platform that can be accessed by any mobile device with an internet connection.

Trading software and assets

24option's interface strays far from that of the run-of-the-mill Binary Options broker. But while it may take a little longer to get used to the company's way of doing things, the interface itself is a triumph of execution. Assets can be ranked in order of expiry time, so you can see which ones are due to end shortly. The majority of traders are looking at assets which could realise substantial gains in a very short period, so categorising the options in terms of their expiry time is far more in keeping with how traders typically work. On the other hand, should you want a longer time period, allowing your option to marinade in the market juices for that bit longer, you can simply reverse the running order for some prize picks.

Like all Binary Option sites, you can bet on whether an asset will finish up or down. However, 24option gives its users a range of other options, as well. One Touch lets you lay down a specific target in advance, while a Boundary trade allows you to create a high and a low, and to then specify whether the asset will expire within or outside these boundaries. An Early Closure trade gives you more options wehn it comes to managing your risk. All of these trade types are flawlessly handled, allowing traders to bolster their weaponry without overloading their minds.

Once you've seen the sense of 24option's intricacies, the interface is relatively simple to use. The layout is extremely clean, and the company steers clear of the cluttered roadkill that constitutes the trading console of many a less well-conceived options broker. The site is good at uprooting the options you aren't likely to need, giving you just the facts needed to make your decision. Decisions often have to be made in a second or two, so 24option's design is a paeon to quick-thinking.

Over 100 different assets are offered (from the 20 most popular currency pairs, to commodities like sugar, coffee and platinum, and most major world indices), making this one of the better sites for sheer choice. The currency pair options, in particular, place this company ahead of most of its competitors. We were immensely impressed with how the system worked, and can heartily recommend the site. Mobile users will find the app equally compelling.

Banking and Depositing methods

The array of deposit and withdrawal options are spectacular. Obviously the more commonplace credit and debit cards (Visa, Mastercard, Delta) are covered, as are the popular e-wallets Moneybookers/Skrill and Neteller. But you can also use a host of other payment forms, including AstroPay, Web Money, Giropay, and Paysafecards. The list of options is increasing all the time, so you can expect the company to embrace new payment options as and when they become viable. However, it isn't always easy to get money into your account. 24option takes its responsibilities very seriously, and often holds off on crediting accounts until it has been able to verify the details. This can delay deposits by a day or more, so leave plenty of time when making your initial deposit. Cashing out generally takes a lengthy period too, with over a week expected for most withdrawal methods.

Customer Support

24option is licensed by the Cyprus Securities and Exchange Commission (CySEC), and the first €20K in any account is covered by insurance. 24-hour support is provided through phone and live chat. The options aren't as extensive as on some of the site's competitors. Most users are assigned a personal account manager, and we found that some of the support representatives preferred users to contact their personal account manager instead. We're not really in favour of this, and feel that live chat and phone representatives should be dealing with all enquiries themselves, whereever possible. Nonetheless, the quality of the support was generally strong, with concerns quickly resolved. Vast tutorials and educational material will help newcomers with many of their concerns.

Bonuses and promotions

Bonuses of up to 50% are available - with 100% deals occasionally available - although the 30x rollover requirements aren't overly generous. Of more interest are likely to be the excellent trading competitions, allowing members to fight it out for as many as 15 cash prizes. These can climb up to six figures, so a strong monthly performance can get you a substantial payout on top. Highly original, this is yet one more innovative feature offered by this refreshing and compelling firm.


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