Top Options
93/ 100
Type of Broker: Binary
Payout: 89%
Min Deposit: $200
Min Trade Amount: $24
US Clients:
Free Demo Account:
Max Trade Amount: N/A
Leverage: N/A
Fees:
Fees: N/A
Number of Assets: 100+
Types of assets: Currencies, Commodities, Indices, Stocks
Option Types: High/Low, One Touch, Boundary, 60 Seconds
Expiry Times: 30s, 60s, 2m, 5m, 30m, 1h, 2h, End of Day, End of Month
Charting Package:
Trading Signals:
Market Analysis:
Education: eBooks|Blog|Videos|Webinars

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Full Review

Introduction

24Option is a binary options broker owned and operated by Rodeler Limited a UK-based financial services firm founded in 2010. This broker is one of the pioneers of binary options brokerage platforms and attracts all types of clients including multi-million dollar traders, as well as, small retail traders.

24Option brokerage platform runs on the innovative TechFinancials binary options trading software and its headquarters are located at 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103, in Cyprus. Its success as a brand has managed to earn it sponsorship deals with leading footballing brands including Juventus Football Club and Paris St Germain, among others.

24Option is a fully authorized and regulated binary options broker by Cyprus Securities and Exchange Commission “CySEC” under license number 207/13. The broker also meets the requirements set by MiFID (Markets in Financial Instruments Directive). Traders using 24Option can expect payouts of up to 89% on regular options.

Promotions and Account Types

The company has a unique way of rewarding traders, including match ticket promotions, fancy devices, cash and increased payout. Most of these promotions are tied to trading activity. This means that traders can only qualify if they achieve a certain level of trading volume. Others are determined by the level of deposit made by traders.

Traders at 24Option can trade via any of the five available account types, which again are determined by the level of opening deposit.

Standard: For this account type, traders must deposit a minimum of $250. The account also attracts various features and benefits including a first free monthly withdrawal, 24/7 customer service, charting package, and binary options eBook. The minimum investment amount per trade is set at $24, and traders can expect a payout of up to 83%.

Beginners: This account type requires traders to deposit a minimum of $2,000, in exchange for additional benefits, which include a personal training session and trading platforms & email alerts, plus the rest of the benefits/features enjoyed by Standard account holders.

Gold: This is the most popular account type at 24Option and it requires traders to deposit a minimum of $25,000. The account comes with additional benefits including SMS and Email Alerts (3 per day), a personal coach, and 1 free monthly withdrawal plus the rest of the benefits/features listed for Beginners account holders. The minimum amount per trade is set at $48 and traders can expect a payout of up to 85%.

Experts:  Just like the name suggests, this account type is recommended for expert traders, and it requires a minimum deposit of $50,000. Traders receive several additional benefits including SMS and Email alerts (5 per day), Live trading with expert, financial expert session, trading central research website, unlimited free withdrawals and  Forex trading, plus the rest of the benefits received by Gold account holders. Minimum investment per trade is set at $120, and traders can expect a payout of up to 87%.

Diamond: This is the most senior account type at 24Option and traders must consult their account manager for the minimum deposit requirement. The minimum amount per trade is set at $480, and traders can expect up to 7 SMS/Email alerts per day. Traders also receive Juventus Match Day tickets, access to a customized platform and high trading limits and exposure plus the rest of the benefits/features listed under Experts account. Payout is up to 89%.

Option types

  • High/Low: You predict the direction of the trade for a potential payout of up to 89% depending on your account type.
  • One Touch: Traders predict whether or not the price of the underlying asset will touch a predetermined price level at least once by the time the option expires for potential payout of up to 500%.
  • Boundary: Simply predict whether or not the price of the underlying asset will remain with two predetermined price levels by the time the option expires for a potential payout of 380%-500%. This is also known as range option.
  • Sixty Seconds: This is simply a High/Low option but with extremely short expiry periods, which range from 60 seconds to 5 minutes.

Asset Index

  • Currencies: GBP/USD, EUR/JPY, GBP/JPY, USD/JPY, EUR/GBP, AUD/USD, USD/CAD, EUR/TRY, USD/CHF, USD/TRY, NZD/USD, AUD/NZD, AUD/JPY, CAD/JPY, CHF/JPY, EUR/CAD, GBP/CAD, AUD/CHF, GBP/CHF, CAD/CHF, NZD/CHF, EUR/AUD, GBP/AUD, EUR/ZAR, USD/ZAR, USD/RUB, USD/MXN, EUR/NOK, USD/NOK, AUD/CAD
  • Commodities: Gold (XAU), Silver (XAG), Copper, Platinum XPT, Oil, Corn, Coffee, Sugar, XAU/JPY, XAU/EUR, XAU/XAG
  • Indices : FTSE 100, DAX 30, Dow Jones, NASDAQ Composite, IBEX 35, CAC, S&P 500, Nikkei 225, SMI Future, MIB 40 Future, NIFTY, ASX 200 Future, Hang Seng Future, Bombay 30, Tadawul, KOSPI 200, MICEX, South Africa 40 Future, Tel Aviv 25
  • Stocks: Vodafone, PetroChina, BP Plc, BMW, Barclays, Deutsche Lufthansa, Samsung Electronics, Google, Apple, ANZ, Royal Dutch Shell, France Telcom, BHP Billiton, Societe Generale, BBVA, Gazprom, Amazon, Nike, Rio Tinto, Citigroup, E.ON, Baidu, Amex, Westpac Banking Corp, Facebook, Coca Cola, JPMorgan Chase, Microsoft, IBM, Exxon Mobil, McDonald’s, BNP Paribas, FIAT, AXA, Sony, Sumitomo, Tesco, ICICI, TATA Motors Ltd, Disney, Beiersdorf, Thyssenkrupp, Rosneft

Trading Materials and Resources

Many brokers these days make sure that their traders get all the help they need to trade well including charting tools, calendars, news alerts, analysis and market reviews, videos, webinars, and eBooks. 24Option has ensured that its traders are well equipped with information to trade profitably.

The broker has also developed trading apps for both android and iOS as it seeks to help its clients keep up with the pace in mobile trading.

Ultimately most of the additional services and resources are accessible as per the account type, and this well explained at the beginning.

Deposits and Withdrawals

Traders at 24Option can deposit and withdraw funds in their trading accounts via Credit/Debit card (Visa and MasterCard), Wire Transfer, Electronic Payments (Skrill/MoneyBookers, PayPal, CashU, Neteller).

Traders can deposit money in GBP, USD, EUR, JPY or RUB. The minimum deposit amount is GBP250, USD 250, EUR250, JPY50,000 and RUB15,000.

However, wire transfers have different minimum limits set at GBP1,000, USD1,000, EUR1,000, JPY 100,000 and RUB 15,000.

Traders at 24Option can withdraw a minimum of $10 via PayPal, and withdrawals attract certain fees depending on account types as described in the account types section.

As for the rates applied, traders can expect to pay 3.5% for credit/debit card or PayPal withdrawals, while Skrill/MoneyBookers attracts a fee of 2% on amount withdrawn.

Support

At 24Option clients can contact support via Telephone, Email or Live Chat.

Live Chat: Live Support 24/7

Email: [email protected]

Telephone: +357 25 262025 Plus others as per the various satellite offices.