This Binary Options Broker offers one of the best of binary options trading, you have plenty of choice and can diversify your trading to suit your individual needs, with 24Option, you won’t be disappointed. It gives you the choice to trade binary options and Forex/CFD, commodities, indices, and currency exchanges. So more than most other brokers.
Currencies are one of the main opportunities when trading with 24Option,
The currency pairs that 24Option offers are those that are amongst the worlds major currencies (Forex) including:
As well as many many more, that will leave you spoilt for choice!
You can also choose from a range of Commodities including:
Indices available at 24Option are slightly limited compared to other asset types, but still includes:
- FTSE 100
- Dow Jones
- S&P 500
- Hang Sheng
So still some good options there.
24Option has four trading options, and fall into these main broad categories:
60 Seconds Option
One of the most widely known types of options. 60 seconds is a high-thrill, high stakes, high pay out type of option that expires 60 seconds after you place the trade. A number of variations are available: including 120 seconds (2 minutes) and 300 seconds (5 minutes). You can win big, but it is not for the faint hearted, or those who are more risk averse.
The High/Low option is one of the most common binary option types, it’s one in which you predict the final price of an underlying asset based on its current price. So you predict whether the final price will be higher than the current price or lower than the current price. The trade will also have an expiration time, and you win or lose depending on whether your prediction was correct.
High/Low binary option trades can be placed on a wide variety of underlying assets. It’s a low-risk form of trading and the pay outs are typically lower than other option types that are available. With being low risk trades, they are suitable for new traders and the more cautious risk averse traders who don’t want to occur big losses.
Boundary options carry a higher level of risk than the High/Low options, but payouts are higher. In the Boundary options trade, an underlying asset is given a boundary price mark by the broker.
Both and upper and a lower value (the boundary) the aim of the trade is to predict whether the underlying asset’s price will stay within the boundary during the time period of the trade or whether it will fall outside the boundary.
One-Touch and No-Touch Options
One-Touch or No-Touch trades are based on price, but are more of a risky trade as they are harder to predict, but this trade has a higher payout.
Just like the boundary option, an underlying asset is given a boundary price mark by the broker. If you select the One-Touch option, you are hoping that the underlying asset will touch the price set by the broker before the time expires. As soon as the price is touched by the underlying asset, the trade ends and you receive your profits. However if the underlying asset doesn’t reach the predicted price before the trade expires, you lose your money.
If you select a No-Touch option (a reverse of one-touch option) , you are hoping that the price of the asset will not hit the set price. You have to wait until the expiration time during which the underlying asset cannot touch the target price, if it does hit the set price, the trade ends and you lose your money.
Option Expiration Times
24Option offers a variety of expiration trade times, in binary options trading every second counts, one second make all the difference between making profit and taking a a loss.
Short term expiration times allow you to make multiple trades in a short period of time, although the lower the time frame, the more volatile an asset. However it’s not impossible to profitable on lower time frames. The short term expiration times are typically 60 seconds, 120 seconds (2 minutes) and 300 seconds (5 minutes), 30 minutes and 1 hour.
Long-Term expiration available at 24Option are those longer than 1 hour, such as 4 hours and those which carry an end-of-day expiration and even longer, 24Option has a wide variety of times to suit your needs.
24Option payouts are typically between a 70% and 88% on successful trades. Do remember traders can lose all their invested capital. However traders are able to enter a trade knowing full well what their potential payouts can be for successful trade and how much can be lost.
24Option offer you the chance to choose an account type so you can make the most of your trading experience, and gain more access to information, tools and resources.
If you’re a Platinum or Diamond member you get SMS and Email alerts which means you’ll always be notified when powerful opportunities arise. They offer an Account Manager who will help you find the best path to get you started.
Deposit and Withdrawals
Traders are able to choose between the 3 currencies for depositing funds (GBP(£), JPY (¥), EUR (€). When registering with 24option you will be asked to choose your trading currency. However, do remember that once you have chosen, your trading currency cannot be changed.
With 24Option the minimum deposit does vary by funding type.
The minimum deposit amounts are:
- Credit Card: €100/£250/¥50,000
- Electronic Payment: €100/£250/¥50,000
- Wire Transfer: €1000/£1000/¥100,000
They also have maximum deposit amount which varies by deposit method.
The Maximum for deposits by credit card are:
- Daily Limit: €/£ 10,000/¥100,000
- Monthly Limit: €/£40,000/ ¥4,000,000
24Option let’s you choose the method of depositing that works best for you, depositing funds is available with credit cards (Visa, MasterCard), bank transfer or digital payment.
After your account verified, 24Option processes your withdrawal request quickly so that you can receive your funds as fast as possible. Their identity verification process is meant to ensure that no false claims are made against your account.
In their banking section you can make new deposits, withdrawal requests, view pending and past transactions, and it also allows you to see which credit cards and electronic payment accounts are linked to your trading account.
Please note 24Option do charge withdrawal fees:
Credit card: 3.5%
Debit card: 3.5%
Skrill (Moneybookers): 2%
Wire transfers: $30, €25, £20, ¥3,000
Credit Card : 3.5%
Debit Card: 3.5%
24 Option is regulated by CySEC. It was one of the first binary options brokers to be officially recognized by CySEC. It is the regulatory body in Cyprus which allows to brokers to provide its services within the European Union.
24Option also provides it’s CySEC registration number and also takes measures to safeguard Clients’ Funds.
You can actually see that they are part of the List of approved domains on the CySEC website
24option was established to provide access for traders to invest in the financial markets on a platform that is user friendly.
24Option provide an intuitive trading platform designed with the latest technological advancements that’s geared towards new traders as well as professionals. A lot of emphasis is geared towards education, providing a library of webinars, daily news, analysis and more, and their customer service and support is always available to meet individual trader needs.
Online since: 2010
Minimum Deposit: €100
Minimum Investment: €25
Maximum Investment: €250,000
Currencies: EUR, GBP, Yen, CHF
Max Returns: 88%
Countries: Doesn’t offer services to residents of certain jurisdictions such as the USA, British Columbia, Canada, Australia, Belgium, France and some other regions.
Please Note Binary Options and Forex carry a level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose