Headquarters: Limassol, Cyprus CY-4103 at 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios
USA Traders: Not Allowed
Available Assets: 100+
Min. Deposit: $250
Min. Trade Size: $24
Max trade Size: $100,000
Platform Provider: Tech Financial
Languages: Spanish, English, Dutch, French, Italian, Indonesian, Portuguese, Romanian, Swedish, Danish and Turkish.
Let’s get straight to the point, 24option is perhaps the largest and most trusted binary option broker in the binary option industry. 24option is owned by Rodeler Ltd. Their registered office is located in Limassol, Cyprus CY-4103 at 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios. Rodeler Ltd is fully regulated by 3 different regulation authorities. Under Cyprus Securities Exchange Commission (CySEC) license number 207/13. Athanasios. Under the British Financial Conduct Authority (FCA) since 04/12/2013 and under BaFin in Germany.
24option Trading platform
Right at first glance you can notice that 24option platform is without a doubt like no any other binary platform. The design of this trading platform is really something else. It is really impressive in terms of colors (The black and gold) and the very high end design which makes it tremendously easy to navigate across the trading platform, and more importantly to execute trades as fast as possible. Unlike many other binary brokers, 24option do offer live charts which can be easily accessed by clicking on the assets you wish to follow.
The assets themselves are arranged very differently from what you normally see on other trading platforms. They are aligned from the shortest expiration time which is 60 seconds all the way to the longest which is usually regular end of the day options. This new way of displaying the available options, makes it very easy to know what expiry comes up next.
24option Unique Features
Surprisingly, there are no real unique features when it comes to trading, apart from the different way of the options displays, that’s maybe because 24option do not feel any real need to attract traders with trading gimmicks, and they try to keep it real as they say.
There is one thing though that really stands out above all we have seen so far and that’s the fact their offered maximum amount per trade is 100k, which is way above the industry standard which is around 5k, so for the really big sharks out there, 24option will be very well suited for you.
We do want to mention that they do have one of the most extensive education section, with more than 5 hours of very well made videos all about how to trade binary options.
24option are quite straightforward with their bonus system and offer pretty reasonable conditions in terms of volume needed to be achieved before one can withdrawal it out. The trading requirements are 50 times the bonus money, so for example if you got $500 as bonus, in order to take it out you will need to complete a 50k in trading volume. From what we saw, their maximum bonus offer is 100% bonus, but for this bonus you will need to invest more than 10k. Overall bonuses are nice and always sounds very appealing but we recommend you to simply avoid them.
Why to open an account with 24option
Well, the first and most important reason is the fact they are regulated by a few different regulation authorities, and that means your money is more protected than what it is with the average binary broker. Another reason why we think you should open an account with them is their customer support language diversity, they offer support in multiple languages which emphasise in a way the strength of 24option even if you don’t need it. Another very positive sign is the names and figures that 24option are promoting, names such as Juventus Football Club and the tennis legend, Boris Becker gives a great amount of credibility to this organization.
Why NOT to open an account with 24option
There aren’t too many reasons why you should not open an account with 24option but if we do need to point one out is the fact they are closing more and more global markets due to regulation, meaning that clients from USA, Canada and even France are not able to trade with this broker due to regulation reason. It is very good to know that they follows the international laws, yet from the trades point of view, they can never be sure if their market might be shut down at the near future.
Maybe you don’t need us to say it but 24option is maybe the best broker exists nowadays, with many positive reviews online. The fact they are fully regulated, just make it easier for us to give a warm recommendation for you to go ahead and try them out.