24Bulls Binary Options Broker Honest and Fair Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

24bulls Review

Review

General Information

Name: 24bulls
Headquarters: Limassol, Cyprus
Languages available: English, French, Italian, Dutch, Spanish, Russian, Korean, Japanese, Portuguese, Armenian, Chinese
Minimum Deposit: $200
Minimum Trade: $20

A very sleek, streamlined look is what you get when you first arrive at 24bulls’ landing page; though the landing page opens in English, 24bulls website also supports quite a few other languages. All trading is web-based, and while trading activity is supported by the various languages, it should be noted that other pages on the website, such as Funding Methods and FAQ, for example, are strictly in English. However, customer service is available via live chat, email or telephone 24-hours a day, 6-days a week and this service is also available in a number of languages.

From the 24bulls’ landing page a prospective binary trader can immediately begin trading options. For example, if you were interested in trading EUR/USD, you could choose any of four 15-minute options that will be expiring within the hour; as with any binary options platform, you click on call if you think the price is going up and you choose put if you think it will go down. An hourly chart embedded in the trade box helps you visually see what the pair has been doing. For stocks, indices and commodities futures trading, the trade box will only be available if that particular market is open and you will be apprised of the opening time.

The account opening process is simple, and afterward 24bulls encourages you to view their brief tutorial which is worth a few minutes of time. It explains better in the video than elsewhere on the website about 24bulls “riskometer” which allows a trader to adjust their potential payout for a maximum payout on a successful trade to a maximum rebate on an unsuccessful one.

Bonuses and Promotions

Like some other binary options brokers, 24bulls promises high payouts, in this case up to 81%. New customers could receive up to a $2,500 welcome bonus, among the highest in the industry but of course dependent upon the initial deposit amount and with certain restrictions. New customers can forego the bonus and take trade insurance on their deposits, which serves as a kind of loss protection. With trade insurance, traders can recover as much as 50% of their initial sign-on deposit, though exactly how much varies and the caveat is that though it doesn’t expire it is only redeemable once and with certain restrictions that an account manager can better explain.

Accounts

During our 24bulls review we came across two types of starter accounts, one called “basic” and the other dubbed “starter plus,” with the difference being the initial deposit amount. Both types of starter accounts include email updates of daily market conditions, online trade execution and live chat support 24-hours a day, 6 days a week. There are notable differences between starter packages; from the website it appears that the Basic account only offers trading of Forex, stocks and commodities but not indices, which is available only to the Starter Plus account holder. Starter Plus accounts are also entitled to tutorials and invitations to webinars, free support and training and a personal account manager.

Beyond starter accounts there are standard accounts which require a minimum deposit of $1000, and premium accounts which require a minimum deposit of $2,500. 24bulls also offers an Islamic account, which according to their website “complies with Sharia Law and does not operate under elements of Riba.”

Assets

24bulls offers the standard fare of currencies, commodities, stocks and indices; currency pair offerings include the EUR/USD, GBP/USD, USD/CAD, and others. Commodities include oil, gold and silver but also include gas, copper and platinum. Stocks available to trade include notable names like Apple, MasterCard, Google, Barclays Bank, Sanofi Aventis, etc. Major indices are from around the world, including Wall Street’s S&P500 and the Dow Jones Industrials, London’s FTSE, Germany’s DAX, as well as indices from Dubai and Saudi Arabia. Unlike other binary options brokers, 24bulls’ index of assets traded is much more comprehensive than just a mere name; each asset is thoroughly explained and in the cases of stocks, for example, a trader will know which market it is traded in and the applicable trading hours.

Special Features

Existing customers can create a favorites page which will enable them to see all of their favorites in one place and quickly trade their chosen assets to take advantage of market conditions or sentiment rather than clicking through a list of available assets. An account holder will also be able to see all of his open account activity on a single screen and know immediately which trades are in the money and which ones are not.

Under 24bulls tools and resources tab is the standard fare and explanations of the different asset classes. But it also has one thing which is relatively unique among binary options brokers and that is an economic calendar. While non-account holders cannot access the calendar, it is widely viewed as a very valuable tool for any serious trader in order to better gauge a specific asset’s direction.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Summary

Overall, 24bulls is a good place for any trader, and especially a new one, to begin their foray into binary options trade. The platform is simple to use, the website is sleek, and the availability of a whole host of languages means no one gets left behind.

24option Broker Review 2020

In our 24option review, we will inform traders about all trading features and amazing solutions they can use while trading with 24option. Besides providing superior support in various languages, 24option has won many prestigious awards that are just confirming how good they are. 24option is regulated by CySEC and according to the broker, provides a high level of security for its clients. Read more about 24option in our detailed broker review.

24option Special Features

Traders are welcome to register with five different trading accounts and find most attractive features that perfectly fit their preferences. Trading accounts are carefully adjusted and we are sure traders will find an appropriate account that will satisfy their trading style. 24option has ensured 24option Demo account for trading newbies that will be able to practice before placing real trades.

Minimum deposit for 24option is $100 and the minimum investment is $24. Find out in our detailed article about 24option trading accounts here.

In the further text you can read more about 24option trading accounts and their features:

24option maximum leverage is 1:200 which is not the highest but it also is reasonable when one remembers that leverage increases losses as well as profits. The minimum spread on EURUSD starts from just 1.5 pips

It is noted that investors should not place trades with money that they do not afford to lose. Trading Binary Options involves substantial risk and may result in the loss of your invested capital.”

As we have already mentioned, 24option traders can first start using 24option Demo account. Demo is only available for registered traders and they will be contacted by 24option account manager to get most important info about Demo features. 24option Demo is excellent for beginners in the binary industry, but it is also a good starting point for all traders that have earlier experience too.

24option Demo account introduces all important trading tools and lets traders learn more about the trading platform. Beginners can simply place trades with virtual amount of money to spend.

24option Trading Software

24option has recently integrated MT4 platform which is mostly used for trading with Forex. The platform is available for download and it is available for both dektop or mobile version. This trading platform provides many novelties and if you are tired of using SpotOption platform, 24option and MT4 will give you a refreshing combination that could keep traders interested.

24option web-based platform is recently refreshed with a new in-house trading platform called Scipio. Scipio allows traders to trade with both binary options, CFDs or Forex.

We have found 24option offers more than just basic trading options which are especially great for traders with more experience.

Update*: 24options is leaving TechFinancials platform and they are developing their own. Read more about it in our news article.

We have found 24option offers more than just basic trading options which are especially great for traders with more experience. Among classic High/Low and Touch Options, traders can find 60 seconds, Boundary and High Yield options.

If trading platform plays a big role in trader’s preferences, then 24options might be a great selection. Traders will be happy to know that 24option provides Early Close option. Besides plentiful trading options, 24option provides a variety of expiry times that give traders even more trading choices: 60 seconds, 2 min, 5 min, 15 min, 30 min, 1 hr, 24hr+, End of Month.

24option also provides a mobile version, that might be more convenient for traders that travel a lot and have less time to trade with the desktop version.

24option Support Information

We can say that 24option support service provides various languages for its clients. 24option broker allows support on more languages and clients will be happy to get support on their mother tongue. 24option serves their clients with live chat, email, contact form or phone.

There are more than 18 different phone numbers available, and we are ensured traders will find the appropriate number for support. In our 24option broker review, we have tested live chat service, which is rated as prompt and provides all important support for its clients.

Live chat is supported in various languages, so if you are not very good with English, their support agents will try to find adequate support for your language. If traders prefer more classical support service, they can send questions on [email protected]

Tip: Trade with a reputable and regulated broker such as IQ Option.

24option Banking and Company Information

24option provides diverse banking opportunities where traders can use plenty methods, depending on their preferences. 24option supports: Visa, Bank Wire, MasterCard, JCB, Diners Club, Dankort, Laser, Visa Electron, Liberty Reserve, Skrill/Moneybookers and even more. A wide amount of payment services enables easier transfers since traders don’t need to open accounts with new providers.

First withdrawal in a month is free of charge. This is a great advantage since most of the traders charge for every withdrawal. Traders are recommended to check 24option withdrawal fees that apply after the first request. Minimum withdrawal with 24option is $100 and it is important to know that traders need to verify their 24option accounts before their withdrawal will be processed.

24option will charge different fees, depending on payment method:

  • Bank wire: $30
  • Credit cards: 3,5%
  • Skrill/Moneybookers: 2%
  • Liberty Reserve: 1%

24option is serving its services from 2020 and as we have already mentioned, it is regulated by CySEC. This certificate confirms that broker follows certain rules and conditions determined by this regulatory body. One of the important things to mention is that 24option segregates their client’s accounts from a central bank account.

24option is available for trading in all countries except in USA and Australia.

24Option Trading Platform Review

Unique features of trading with 24Option

24Option Broker Review

24Option, founded in 2009, is a true binary options pioneer. 24Option is owned by Rodeler Ltd. Rodeler Ltd is a company operating under Cyprus Securities Exchange Commission (CySEC) license number 207/13. The company’s registered office is located in Limassol, Cyprus CY-4103 at 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios. On top of the CySEC licence, 24Option broker is also registered with the British Financial Conduct Authority (FCA) since 04/12/2020 and Rodeler BaFin in Germany.

Outside the European Economic area, the services of 24Option are offered by Richfield Capital Limited, a company that belongs to the same group as Rodeler Limited and is regulated by The International Financial Services Commission Of Belize (number IFSC/60/440/TS/15-16).

Is 24Option a Scam or not?

In some cases it’s hard to know which binary option is not a scam and which is one . 24Option was regulated back on 2020 by the Cyprus Securities and Investments Commission (CySEC). That means that the company takes measures to safeguard clients’ funds. As our readers already must already know, there is more than one binary options broker that sucks despite being regulated, but this 24Option review will re-assure you that 24Option is not only a trusted broker, but also a broker that definitely doesn’t suck! So, 24option: is it a scam or not? Clearly not a scam. Once you start using them you’ll see that for yourself.

24Option in a Few Words

Some Binary Options brokers are just a pure scam. 24Option is a member of the exclusive list of brokers considered to be highly respected and truly inspiring. Thanks to CySEC regulation we can revoke any suspicion of a scam by 24Option and an attractive easy-to-use trading platform with a good customer service makes 24Option a user friendly prime and trusted broker. After so many years in the industry (they were one of the first brokers to emerge on the binary options scene), we can safely say they proved their worth and have become a regulated partner for traders and investors all over the world.

The first issue comes to mind is actually bad news for US customers; 24Option no longer serve US clients due to Regulation in the EU. Funny how good news to EU clients is less good for US clients. Someone said EUR/USD? Another thing that I really don’t want to address to as an issue is; since 24Option became fully regulated the average return decreased with 2%. However, the regulation itself is a big plus. Also, 24Option still offers returns up to 88% on successful predictions, but if your prediction is wrong you will lose your invested capital!

24Option is now offering a proprietary platform called Scipio and have introduced the new Contracts For Difference (CFD) trading. These are great new changes and 2 extra reasons why 24Option isn’t scam. Tech Financials is a great platform but we like to see brokers take total control of their business.

Unique features of trading with 24Option

Should I Open an Account with 24Option?

Since their launch, 24Option’s innovative, fully web-based platform kept on growing slowly but smartly, providing investors with the proper and simplest tools needed to trade options: great user-interface, the trading process is easy to understand and the live charts are available by clicking on the underlying asset. If a trader wants to examine the underlying asset more closely, he or she doesn’t need to browse to other pages; a simple click on the underlying asset tab will pop out a small window just above the underlying asset with information by Yahoo! and other sources. These great features of 24Option made this company one of the best binary options brokers out there. 24Option has improved since they were founded, the platform has been re-designed, number of underlying assets has increased and staying up to date seems to be their ambition.

It’s no secret that 24Option and TechFinancials were long time partners, with the latter providing the trading platform itself. However, recently 24Option and TechFinancials have parted ways! This is the end of a very long and beneficial partnership, for both sides but now 24Option have decided to use their own proprietary platform and from my point of view that’s not a bad thing. By managing their platform in-house, they can roll out updates, changes and new features faster than before, and obviously that’s something that will benefit us traders.

The new platform is called Scipio but don’t worry if you are a fan of TechFinancials because the two platforms are not worlds apart and there are many similarities. It’s still easy to learn how to trade binary options for beginners and advances users alike. Their learning database will share all you need to know about binary options effectively teaching you how to become a binary options trader that knows how to make profit from binary options.

24Option are an official partner of Juventus Football Club and this adds to their credibility and high profile. Yea, 24Option is a top shelf well respected broker but additional confirmation never hurts so if you’re a soccer fan and a binary options fan, you’re in for a treat.

Their great customer service makes 24Option one of the best binary options trading platform for beginners , not to mention the regulation, which is a great feature on its own. In order to start trading clients must deposit the minimum amount of 250$ and the maximum amount varies through the different account types. Because of their initial deposit they aren’t as high on the list of binary options brokers by minimum deposit but they make up for it in other areas.

Trading CFDs with 24Option

Recently we see a new trend emerging: CFD trading. 24option successfully leads the way in CFDs, offering a well-organized and professional web platform, tailor made for this way of trading. The main principle behind CFD trading is similar to Binary Options (you still have to be right about direction) but a notable difference is that once you’ve decided on a direction and an investment amount, you can keep your trade open as long as you want or close it whenever you choose to.

Staying true to their position as a market leading broker, 24Option are first to introduce Meta Trader 4 (MT4) as a platform for trading FX and CFDs. For a long time, traders have used this charting package to conduct technical analysis before opening Binary Options trades on their broker’s platform but now, thanks to 24Option you can trade CFDs directly from MT4. Of course, if you consider MT4 too complicated, you still have the option to trade on the Scipio web platform but who would pass on the opportunity to use tens of technical indicators and one of the most advanced charting packages for free.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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