24Option is a financial trading company that is based in Limassol, Cyprus. The company is a brand that is used by two companies that are under the same organization. Rodeler Ltd. offers 24Option services to residents of European countries while Richfield Ltd. offers services to Non-European countries.
This way 24Option has ensured that clients from all over the world can get hold of their services. It is a legal financial trading company regulated by the Cyprus Securities Exchange Commission (CYSEC). Their license number is 207/13, this shows that they are genuine and are legible to conduct their business.
24Option Review
Their platform is unique and easy to use; they use a trade engine offered by Tech Financials who are leaders in the provision of top quality trade engines. This platform is easy to use and maneuver through, it was meant to the user a lovely and easy experience trading.
This is the interface of the trading platform.
24Option Mobile Platforms
24Option also have a web based mobile platform that is optimized to enable use with smart phones and other mobile devices.
This has improved the user’s flexibility and ability to trade on the go which is effective and maximizes the user’s ability to interact with the market.
Trade Types
24Option has various trading types to select from; this gives the user a variety of trades to choose from.
- The classic binaries; these are the High/Low and Above/Below.
- One touch binaries; these are the Touch/No Touch and High Yield Touch Binaries.
- Boundary Binaries; they are the Standard Yield/High Yield Boundary.
- Short term binaries; they consist of short term expiry time from 30 seconds to 5 minutes.
With the above options for a client to choose from, it gives a wide array of ways to make money trading the markets.
Trading Accounts
24Option offers a variety of trading accounts. This way everyone has an option of which account best suits them. The minimum deposit to open an account with 24Option is $250. The following are account types that are offered;
- Standard account
- Gold account
- Platinum account
- Diamond account
All the above accounts have their advantages and the higher the account you select to start with, the more the benefits you are going to enjoy. All these accounts have 22 different payment options incorporated, this is important because it ensures ease of depositing and withdrawing.
24Option Tradable Assets
24Option offers a wide range of assets, the assets have been categorized well, to offer ease of use by its clients. The following assets are;
- Currencies; it offers more than 30 currency pairs, a mix of major pairs, crosses, and the exotics.
- Commodities; it has 11 different commodities a good balance between the soft and hard commodities.
- Indices; the indices are derived from different countries, thus giving the clients a wide range of choices to choose from.
- Stocks; these are chosen from the various high performing stocks from Europe and America, there 45 stocks on offer in 24Option, so for traders who fancy stocks there is a lot to choose from.
Payout Ratio
24Option’s payout ratio is one of the industry’s highest, with 88% maximum payout for In the Money trades (ITM).
This means that with each trade that is successful, the maximum payout will be an 88% return on investment; for example invested $10 on a trade; the maximum return on investment is $18.80.
Customer Support Service
24Option have made it possible for their clients to access help when need be. This is facilitated by their 24hr support service that is accessible on call via toll free numbers or from their online live chat panel.
That is not all they also have this services offered in 17 different languages thus breaking the language barrier wall that may hinder a proper flow when interacting with clients.
24Option Pros and Cons
There are both advantages and disadvantages of using 24Option. It is obvious that the advantages outweigh the disadvantages. The following are pros and cons of 24Option;
Pros
- The customer service offered by 24Option is exemplary, a 24 hour service that is accessible through various medium.
- There is various investment benefits linked to the type of account that the client wishes to trade with.
- 24Option offers trading competitions, the competitors stand to win various cash prizes and other prizes that improve the relationship between the company and the clients.
- They also have a multi-language support, 17 languages in total. This covers large number clients and breaks the possibility of having a language barrier.
- A huge assortment of trading assets, giving the clients a large number of choices when it comes to trading assets.
- The trading platform is not only unique but secured, this allows for the client’s personal details and trading activities to remain safe.
- 24Option offers education for its clients through readable material and via webinars held for the various levels of education, as from basic through intermediate to advanced levels.
Cons
- The only con experienced from 24Option is that one has to deposit $250 to access the demo account. For people who are learning and would not want commit to this payment, this will act as a catalyst for making them look elsewhere.
Conclusion
24Option is a good financial trading company for everyone who wants to get started trading. The deposit fee is very affordable and there are different accounts to choose from depending on your level of experience trading and also your finances.
24Option is a company that caters for the needs of its clients, with a multi-lingual 24 hour support service and an assortment of toll free numbers says it all. This company also provides a proper number of trading assets that can be traded in different ways.
The company has offered enough to ensure that the client succeeds in their trading venture. I would highly recommend them for anyone who wishes to start trading in binary options.
