Binary Option Broker Review: Our Experiences with 24option

read our 24option broker reviewThe Cypriot broker 24option.com has been trading in binary options since 2010. In addition to a visually and technically polished web-based trading platform for binary options, 24option also offers a mobile version of the platform for use on smartphones and tablets. Read our 24option review now to see what makes 24option unique amongst so many other brokers.

This is what we liked about Banc de Binary

  • Loss protection of up to 10%
  • Maximum return of up to 85% (89% with Platinum Account)
  • Excellent and solid customer support
  • Video tutorials in trading psychology
  • All currently available trading styles and features on offer
  • up to 50% bonus on the first deposit

For its trading platform, achievable returns, trading resources and support, 24option can count itself among the best in the industry. Our extensive road-test of 24option examined the broker's offer in detail and we can now see why it's considered to be one of the emerging players in the binary options field, indeed exceeding even its own reputation.

24option – at a glance

Branding 24option
Visit website www.24option.com
Founded in 2010
Headquarters Cyprus
English website
Regulated by no, awaiting regulation
Trading platform TechFinancials
Binary option types High/Low, Above/Below, One Touch, Boundary, 60 Seconds
Additional features Early Closure
Underlyings 32 stocks, 29 currency pairs, 8 commodities, 17 indices
Expiration times 60sec – end of the week
Max. return 89%
Max. return (High yield options) 360%
Return on out-of-the-money expiries bis zu 10%
Bonus bis zu 100%
Min. deposit 250 €
Min. investment 25 €
Mobile trading
Payment methods credid cards, wire transfer, Moneybookers
Account currencies USD, EUR, GBP, JPY
Languages English, German, Spanish, French, Italian, Russian, Turkish, Arabic
Demo account yes, if a real account is opened
Support LiveChat, Email, Hotline
Support in English

Trading with 24option: the best of everything

24option offers a hand-picked selection of tradable commodities among which one can find all major currency pairs and important indexes and individual shares. In addition they offer the raw commodities  like gold and crude oil. Traders will find a wide range of trading expirations to choose, from as short as a few minutes to several days.

With options that expire in-the-money, returns of up to 85% of the invested capital are possible. In the negative scenario, if the option is situated out-of-the-money at the time of expiry, then the trader loses their investment or receives a refund of up to 10%.

Also, they offer various trading styles. One can choose from One Touch and Boundary as well as 60seconds trading styles. 24option not only offers a classic trading style but also an additional trading mode with a “High Yield” function.

Short trading terms are possible with the One Touch and Boundary options, with an increased risk  potential but maximum returns of to 350%. In certain states of the market this trading style can prove to be very lucrative. With the right volatility strategy everyone can profit from it.

In order to ensure a good risk management, 24option offers their proven Early Closure feature, which makes it possible for the trading position to be closed before expiry of the trading term. That way one can be certain of gains, well before the trading period is over if the prediction was right.

Exclusive Bonus and Video Centre: 24option offer several

To open a trading account with 24option a minimum deposit of 100 Euro is required. The minimum trading volume per trade is 24 Euro. What is particularly interesting is 24option's very own VIP program. With trading accounts with excess of 5,000 or 10,000 Euro, traders receive Gold or Platinum status, bringing further additional gains of 2 and 4% per trade respectively. Deposits can be carried out through the usual methods; credit card, bank transfers or eWallets such as Moneybookers. Pay-outs are possible through the same channels at anytime and monthly with no charge. A complementary 24option demo account is is created, with every real money account. Simply ask the support, they will open it up.

On the website in the Trading Resources section you'll find the Video Centre, in which various learning material for binary options, finance management and trading psychology is contained. The customer service support through LiveChat is very fast and friendly in dealing with questions

Judging from our experience it is particularly recommended to make contact via the Chat facility with regard to the First Deposit Bonus. A bonus of 50% is granted for deposits of 2,500 Euros upwards but in direct communication they often offer special deals.

24option Verdict: strong platform, strong returns, strong performance

Our 24option test reveals a well developed trading platform for binary options with all the major trading styles as well as with useful additional functions. Extensive trading resources and video tutorials offer possibilities for beginners to learn the basics of trading and trading psychology. Advanced traders will be taken by the exclusive VIP program, with supplementary yields  and lavish bonuses of 100% on offer. The minimum initial deposit is 100 Euro, with 24 Euro minimum trading amount per trade. The trading platform, in comparison with many competitors, shows itself to be of the highest quality. The complementary 24option demo speaks for itself.

The selection of tradable commodities is somewhat slighter than what is to be found elsewhere in the industry, however quantity in this case in not important. Without exception the most important assets are offered, so that most traders, in our opinion, will certainly get their money's worth. 24option offers very few targets for criticism and make an overall good impression. To sum up, our 24option test, one can't go past the functional and visually flawless trading platform as well as the potential for high returns in the High Yield modes. Overall they show a powerful performance that should lead to many positive opinions amongst traders with 24option.

Broker

English

Demo

Max. return

Max. refund

Min. investment

Min. deposit

Max. Bonus

Open account

24option

89%

10%

25 €

250 €

100%

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