24Option is a well established and respected global broker owned by Rodeler Ltd. It has been in existence since 2009 with an operation that now encompasses traders from around the globe.
It provides a trading solution that is based upon the respected Techfinancials trading platform.
This offers a wide range of different assets for trading across a number of popular contracts. Traders can access traditional options, 60 second and Boundary range contracts.
Rather than over complicate things the solution provided offers a comprehensive trading solution for all levels of trader. A wide range of educational resources and literature are also on offer, together with high trading limits to facilitate traders as their career progresses.
Key Features At A Glance
- Founded – 2010
- Platform – TechFinancials
- Deposit Requirement – $250
- Minimum Trade Size – $24
- Contracts Available – Call/Put, One Touch, Boundary, 60 Second, 30 Seconds, High/Low
- Typical Return – 85-88%
- Rebate – N/A
- US Traders – No
- Account Handling Currencies – USD, EUR, GBP, JPY, CHF. RUB
- Deposit Options – Credit/Debit card, Bank Wire, Moneybookers, Neteller, CashU, AstroPay, Sofort, Giropay
Three different account types are offered to trading clients. These are Standard, Gold and Platinum. The minimum deposit amount required to open an account is $250 (or equivalent). Accounts can be opened and operated either in USD, EUR, GBP and JPY.
It is worth noting that Gold and Platinum accounts earn an additional 2 or 4% payout on in-the-money contracts. As a result experienced traders will benefit from making a higher deposit in order to quality for this additional payouts.
A wide range of assets are offered by 24Option including all of the most popular global companies that you would expect to find. These can be traded on most of the contracts types that the broker provides.
In total over fifty different assets can be traded and it seems like the list is added to all the time. The total number of assets available for trading in each category includes 25 Stocks, 13 Indices, 12 Currency pairs and 4 commodities.
Trading With 24Option
The trading solution of 24Option uses the well regarded Techfinancials trading platform at its core. This is one of the most popular binary options platforms. It provides a number of features to cater for a wide spectrum of different trading needs.
A number of different contracts are offered which will serve the needs of most traders, no matter which trading strategies they follow. Contracts available include Higher/Lower, Touch, Boundary and 60 second. Mostly these are the same as other brokers, however a unique feature are the range of short term contracts offered.
The Boundary contract is a noteworthy addition to the line up as it offers a unique way in which to trade market volatility. When volatility is high you can use the contact as a ‘double touch’ either side of the spot asset price. If market volatility is low you can maybe use this contract to trade a specified range of movement.
It is worth noting that the range of expiry times offered is particularly good. You can trade near term 5 minute contracts, 15 minutes, 30 minutes, hourly, end of day, end of week and end of the month. If you want to make even quick returns on your investment then you can select the Short Term tab on the platform to trade 60 second, 2 minute and 5 minute contract expiry times.
Finally in terms of returns, 24Option offers some of the best payouts that you will find. You can make up to 88% profit on hourly contracts with even higher returns possible on some long term contracts. It is also possible to ‘sell back’ your contract early prior to expiry.
A dedicated mobile trading App is provided so that you can access your account from a wide range of different mobile devices. Support is provided for the iPhone, iPad and Android platforms. From the App you can open and close contracts and in addition view your trading history and mange your account.
Levels of support are among the best around. International traders receive dedicated support in over ten separate languages. Furthermore there are 11 international telephone support numbers make it easy to make direct contact with the support desk for your region. You can also contact the broker by using online chat from the website and email.
Summary Of Key Features
- High payouts of up to 89% across a range of different contracts
- A large number of assets and contract expiry times to choose from
- Reliable, easy to navigate platform with mobile trading
24Option is a regulated, well respected broker that also happens to be one of the best when it comes to feature set. You get access to top level support and useful features such as the ‘Sell Option’ facility. There is also a good range of educational resources on offer.
Importantly it also offers some of the best payouts around which help to ensure that you will achieve maximum profits from your trading. In conclusion when all things are considered, 24Option is one of the top choices for the serious binary options trader.