24option Review and Bonus Information for 2020

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24Option Review and Tutorial 2020

Trade nearly 200+ global stocks at 24Option via CFDs. Spreads are competitive and stop loss and take profit orders are available. Even trade new cannabis firms in Canada!

Traders in Russia welcome
24Option Facts & Figures

24Option deliver a high quality forex trading service, with over 45 currency pairs and variable spreads from just 3 pips.

24option offer crypto with the tightest margins. They also offer markets against a range of currencies, not just USD.

Instruments CFD, Forex, Crypto, Stocks
Demo Account Yes
Min. Deposit $250
Min. Trade From 0.1 lots
Regulated By CySec
MT4 Integration Yes
Mobile Apps iOS, Android and Windows
Auto Trading No
Trade Signals No
Islamic Account No
CFD
FTSE Spread 1 pt
GBPUSD Spread 0.2 pips (var)
Oil Spread 1 pip
Stocks Spread 0.2% Var
Forex
GBPUSD Spread 0.2 pips (var)
EURUSD Spread 0.2 pips (var)
EURGBP Spread 0.9 pips (var)
Assets 45+
Cryptocurrency
Spread BTC 0.4%, ETH 0.5%
Coins BCH, BTG, BTC, ETH, LTC, XRP, XRM

24Option were created in 2008. Opening as a Binary Options broker, 24Option is now a leading CFD and forex brand owned by Rodeler Ltd. The firm’s head office is located in Cyprus . For traders outside of the EEA (European Economic Area), customers of 24Option do business via a separate company called Richfield Capital Limited based in Belize.

In the past, the main product offered has been binary options. But 24Option has recently begun to offer CFD trading and forex in a bid to rival the more established brokers in the sector. The similarities between the products meant 24option were able to build their own bespoke trading platform, and add new functionality for CFD and forex trades. Binaries have now been removed completely.

Trading Platforms

In terms of the trading platform used by 24Option, the broker previously used the binary options trading platform that was powered by TechFinancials. However in their bid to extend their product offering, 24Option now uses a proprietary platform (with the same login details) called Scipio to provide CFDs and forex trading services.

MetaTrader 4

In addition to the Scipio trading platform, 24Option has also integrated the popular MT4 trading platform for traders who wish to trade the spot forex and CFD markets. The main attraction of the MT4 platform is the advanced trading tools that have been integrated into the platform.

So traders can use one of two platforms, each provides different strengths. MT4 is perhaps more complex to use, but includes way more analysis tools and also automation options. The traditional platform is easier to use. Traders can of course, perform research on one platform, and trade on the other. Login details remain the same for both.

Best Binary Options Brokers 2020:
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Mobile Trading

24option provide a free mobile trading app for both iOS (iPhone and iPad) and android. The apps are available for download both on Apple’s App Store or Google Play Store. The app delivers all of the functionality of the main website, including many account management features. The app takes advantage of the strengths of each platform (android or iOS) in order to maximise the functionality on every device.

Using the app is slick and intuitive. The login process is quick but secure. Technical analysis becomes hard on smaller screens, but trading and amending details are straightforward and a real bonus for traders who need to react to events while they are away from their computer or laptop.

Trading Accounts Offered

There are 4 different types of trading accounts available at 24Option for you to choose from. The trading accounts are categorized into Basic Account, Gold Account, Platinum Account and the VIP Account (previously Diamond).

Each level of account offers slightly better terms, including more lessons and tighter spreads.

To open a live trading account, you need to meet a minimum initial deposit of $100.

Regulation & Reputation

Are 24Option a scam, or are they trustworthy? Their regulatory history suggests that they are a responsible company. The move away from the binary sector was designed to maintain their reputation.

In terms of regulatory oversight, 24Option is regulated under 2 regulatory agencies. For operations within Europe, 24Option is regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license no. 207/13 issued to Rodeler Ltd. For operations outside of Europe, 24option comes under the jurisdiction of the International Financial Services Commission of Belize. The authorization is issued to Richfield Capital Limited under the IFSC registration number IFSC/60/440/TS/15-16.

Bonus

Owing to the recent memo from CySec ( C168 (30/11/2020) and C194 (16/03/2020)), bonuses – either deposit bonus of free trades etc – are now prohibited. 24Option therefore do not currently offer a sign up bonus.

Instruments

Currently, the firm has a wide selection of underlying assets for their clients to choose from. In total, there are more than 130 different types of underlying assets. The selection comes 4 main asset classes mainly currencies (34 pairs), commodities (11 types), market indices (25 indices) and stocks (61 companies).

Customer Support

Customer support at 24Option is provided on a 24/7 basis. Traders can reach the support team through email, live chat or the telephone. For the following countries, localized telephone support is available:

Belize, Brazil, Chile, Colombia
Malaysia, Mexico, New Zealand
Peru, Russia, Saudi Arabia, Singapore
Ukraine, United Arab Emirates

Deposit & Withdrawal

For the funding and withdrawal of funds at 24Option, there are a variety of methods that you can use. The supported methods include VISA, Mastercard, Discover, Diners, Switch, JCB, Skrill, Neteller and bank wire transfer.

Are 24Option Best For Day Trading?

For day traders, 24Option is ideal as the broker is able to provide the right selection of underlying assets for day traders to trade with. For example with binary options, you can trade in contracts with an expiry time as short as 60 seconds. Likewise with CFDs, the trader has the choice to determine when he wants to close the trade. The ability to be able to arbitrarily close a trade is crucial for a day trader as a split second decision can mean the difference between profit and loss.

What is the minimum deposit requirement to open a trading account?

The minimum deposit requirement is $250.

How fast can my withdrawal request be processed?

The typical processing time required for a withdrawal request at 24Option is 3 business days.

Is 24Option a reliable broker?

Yes. 24Option is a reliable broker as it is regulated in multiple jurisdictions. In addition, the broker has established a reputation as being one of the leading names in the industry.

What kind of trading platform does 24Option have?

24Option offers two types of trading platforms, a proprietary platform called Scipio and the MetaTrader 4 platform.

What is the maximum leverage available?

The maximum leverage offered by 24Option is 1:200.

24Option Company Details

24Option are based at: 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios, Limassol, Cyprus

Accepted Countries

24Option accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use 24Option from Belgium, Iran, China, Bosnia And Herzegovina, Israel, France, Japan, Australia, Canada, United States, India, Nigeria, Brazil, Switzerland.

24option Review 2020

In 2020, 24option was founded in Limassol, Cyprus. To date, the broker has taken a leading position in the provision of binary options trading services. Clients of the company conduct trading high-quality instruments with the help of the latest developments in the field of binary contracts.

  • Start year:2020
  • Country of origin:Cyprus
  • Regulation:CySEC, MiFID
  • Payment options:Visa, MasterCard, Discover credit and debit cards, bank wire, Skrill, NETELLER, Wire Transfer, Perfect Money, QIWI, WebMoney, SafeCharge, eMerchant, MoneyNetlnt Limited, OKPAY, Gate2Shop, Acapture
  • Minimum account size:$250
  • Minimum lot size:0.01 lot
  • Leverage:–
  • Spreads:from 1 pip

The company is focused on successful trading of its clients. For traders, 24option has created all the necessary conditions for quick and easy investment of funds in binary options trading. All trading operations in the company are carried out through the TechFinancials platform which is available for download on App Store and Google Play. In addition, clients can conduct trading through the popular MetaTrader 4 platform.

In 24option, initial investments in trading start with $250. There is also a bonus offer – 100% replenishment – for traders who have just opened an account. Customers can receive quality customer support within 24 hours five days a week.

In order for traders to conduct comfortable, profitable, and safe trading, the broker has established a multifunctional training center. Training involves a number of video tutorials, manuals on binary option trading, and other educational materials for both beginners and professionals.

Numerous awards of the company such as ones from Forex Magnates, Investing.com, EGR, UK Forex, iGB Affiliate Awards, and CIOT Expo, prove the quality of the services provided by 24option.

For those who are ready to work with the company under partnership agreements, 24option has developed a wide range of high-quality advertising materials, e-mails, videos, and other marketing products within the framework of cooperation.

24Option Review

Regulated by CySEC 207/13

Minimum Deposit

Welcome Bonus

US Traders not Allowed

Type of Broker: Binary Options Broker
Regulated: Regulated by CySEC 207/13
Payout: 80%
Min Deposit: $250
Min Trade Amount: $24
US Clients:

–>

Max Trade Amount: $100,000
Free Demo Account:
Trading Platform: TechFinancials
Types of assets: Currencies, stocks, indices, commodities
Mobile Trading:
Web-Based Trading:
Automated Trading:
Scalping:
Hedging:
Mobile Alerts:
Trailing Stops:
GTD Stop Loss:
Limit Orders:
Guarantee Execution:
OCO Orders:
Charting Package:
Trading Signals:
Market Analysis:
Option Types: High / Low, Boundary, Touch Options
Expiry Times: 30 sec, 60 sec, 2min, 5min, 15 min, 30 min, 1 uur, 24 hr+, end of the month
Payment METHOD NAME Charge Time
Abaqoos None 2-5 days
Click2Pay 5-10% 2-3 days
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
EcoCard 8-10% 6-7 days
ePay 8-10% 2-5 days
eWire None 1-2 days
Fast Bank Transfer 1.5% 2-3 days
Giropay None 4-5 days
Neteller None 1-2 days
Paysafecard 5-10% 3-4 days
Poli 8-10% 4-5 days
Skrill one 3-4 days
uKash 8-10% 4-5 days

Screenshots

Full Review

The 24Option binary options brand is operated by 247 Holdings Ltd and uses the Tech Financial Ltd white-label platform solution. 24Option was launched in 2020 and has gone on to become one of the biggest binary options brokers in the world (they are even rumoured to be going public very soon).

24Option uses excellent software, they are CySEC regulated (license number 207/13) and have won numerous awards including the “Forex Magnates Broker of the Year” in 2020 and 2020; as well as the Daily Forex Awards for “Best Broker in 2020″. 24Option is one of the largest binary options brokers in the world and offers up to 80% payouts on touch/no touch trades.

Payouts and Expiry Times

The payout depends on the use of the loss return function and the type of trade the trader engages in:

a) There is a 65% to 80% payout for the following contracts: Touch/No Touch, High/Low, Boundary option and Short Term Option.

b) For the two high yield trades on 24Option (High Yield Boundary and the High Yield Touch), the payout starts from 380% and peaks at 500% for successful trades.

The high yield trades have weekly expiries, and the short term trades have expiries of 60 seconds, 2 minutes and 5 minutes for each respective trade. The regular trades have expiry times that start at 15 minutes and peak at one day. In between, there are expiry times for 30 minutes, 45 minutes, one hour and two hours.

The assets that are available for trading on the platform of 24Option are:

a) Commodities: Gold, Silver, Oil.

b) Currencies: EURUSD, GBPUSD, EURJPY. GBPJPY. EURGBP, AUDUSD, USDCAD, EURTRL, USDCHF, USDTRL.

c) Indices: FTSE-100, DAX-30, Dow Jones, Nasdaq Composite, IBEX- 35, CAC 40 Future, S&P 500, Nikkei 225, SMI FUTURE, MIB-40 FUTURE, S&P 500, ASX 200 Future, Hang Seng Future.

d) Stocks: Vodafone, Lloyds, British Petroleum PLC (BP), Barclays PLC, Google Inc, Apple Inc., Telefonica SA, France-Telecom, Societe Generale.

For the iPhone, Blackberry, Android and indeed any mobile device that has internet connectivity, the mobile version of the 24Option website is available.

An educational centre that makes for a complete online technical analysis tutorial centre exists to help traders gain vast trading knowledge of the binary options market. Materials obtainable in the educational centre include a free Trade Manual, an online video tutorial, a binary options e-book and other resources.

Live account holders have access to a demo account for simulated trading.

Deposits and Withdrawals

Traders can use the channels mentioned below to deposit funds and withdraw trading profits from their account:

Credit card/debit card: Cards accepted are those issued by MasterCard, VISA, Diners Club, and JCB. The minimum funding amount allowed with credit cards is $250 while the maximum daily limit for withdrawals is $10,000. Maximum monthly limit for withdrawals is set at $40,000. All transactions are processed instantly.

1) E-wallet: The e-wallets allowed on 24Option are Moneybookers and Liberty Reserve.

2) Bank wires are the most globally accessible option which can be used by traders from countries where access to credit cards or e-wallets is non-existent.

The minimum deposit for credit cards and e-wallets is $250. The deposits for bank wire transfers starts from $1000.

The maximum deposit is determined by 24Option based on the account opening information supplied by the trader.

Min Investment Amount

With as low as $24, a trader can set a trade on 24Option.

Max Investment Amount

The maximum investment amount for the High/Low trade is $15,000 and for other trade types, this is set at $5,000.

A trader can maintain a trading account in any of three currencies: US Dollars, British Pounds or Euros. Cards to be used for deposits and withdrawals must be verified before use. This is achieved by scanning the front and back of the card and blocking off the relevant card numbers, then sending this to the accounts department of 24Option for ratification.

The maximum daily withdrawal limit for credit/debit cards is $10,000. The minimum withdrawal amount is $10. Only one free withdrawal is allowed per month. Subsequent withdrawals are charged at $30.

How can the customer support desk on 24Option be reached? There are several options:

c) Phone +35725030600.

Conclusion:

As you can see, 24Option is one of our favourite binary options brokers. They cater to customers in virtually every language and provide an excellent support system around the clock. Withdrawals are normally processed within a few days so you shouldn’t have any worries about depositing your money here. We also love the TechFinancials software, which provides a better range of expiry times and payouts then SpotOption-powered brokers.

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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