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24option Review

Basics

Broker Name: 24option
Regulation: CySEC
Bonus: Up to 100%
Payment Options: Credit Cards, MoneyBookers, Wire Transfer, MoneyGram, Western Union, Cash U
US Traders Accepted: No

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24Option.com, a binary options platform established in 2010 and owned by Mika Holdings Inc. Based in Cyprus, this broker provides the traders with the best trading instruments and profit returns in the industry. Trading is available on a mobile platform 24/7, which allowstraders place call or put options from anywhere in the world. 24option built an amazing web academy that includes trading videos, interactive e-book, trader manual and etc. Any experienced trader knows how essential it is to have this knowledge in order to succeed in binary option trading. These exclusive tools enable the customers the freedom of investing with different types of predictions.

The advanced but user-friendly platform offers the following tools for binary options trading:

High/Low Options

High/Low Options are based on the speculation if the price of this asset will increase or decrease between the date and time of subscription and option expiration.

One Touch Options

One Touch Options gives the investor a payout once the price of the underlying asset reaches or surpasses a predetermined barrier. This type of option allows the trader to set the position of the barrier, the time of expiration and the payout to be received once the barrier is broken.

Boundary

Boundary options are used in trades with two strike prices, where the trader bets on whether the asset will end between the two prices, or above the upper price level/below the lower price level.

High Yield Options

Traders can make use of this instrument in combination with any of the other three instruments. The targets for high yield options are higher and therefore the returns can be as much as 310%.

Early Closure Options

This option becomes available to the trader after three minutes of purchasing the option. When the trader exercises this option, he/she exits the trade at a certain percentage of the expected return.

24Option Trading Platform

24Option Review – Types of accounts

Platinum Account

These account holders enjoy full access to 24Option trading platform that include High/low, boundary, one touch and high yield options. Platinum account holders can also access the diverse and profitable trading assets and video center. They are provided with trader assistance round-the-clock, a personal training session with a market expert and a personal coach who can be contacted at any time. This is a commission free account and in addition, the account holders receive 4% extra return on all trades.

Gold Account

Gold account holders get full access to the trading platform, diverse and profitable trading assets and the video center. Holders of this commission free account are also provided with round-the-clock assistance, a session with the market expert for personal training, and an additional 2% return on each trade.

Standard Account

The benefits available standard account holders include full access to trading platform, diverse and profitable portfolio of assets and video center. This is also a commission free account and is eligible for round-the-clock trader assistance.

Assets Offered for Trade

This binary options broker offers trade in approximately 54 underlying assets including commodities, currencies, stocks and indices and it’s still growing.

Return on Investment

An option can expire in-the-money (when the prediction is correct), out-of-the-money (when the prediction is incorrect) or at-the-money (when there is no change in the market).

In the case of the first three instruments, the common parameters are as follows:

· The return on investment offered is to the traders is a fixed percentage of the investment.
· Options that expire in-the-money make a profit of 70% to 89%.
· Options that expire out-of-the-money are not eligible for any refund.
· Options that expire at-the-money are eligible for a full refund of the investment.

24Options does not charge traders with any brokerage fees.

Deposits

After opening an account with 24Option, money can be deposited by the trader through VISA or MasterCard, electronic payments (MoneyBookers) or bank wire transfer. The initial deposit can be made in USD, Pound Sterling, Yen or Euro. The trading currency for the trader will be fixed when he/she makes the initial deposit. It cannot be changed afterwards. The minimum deposit amount is $250 when VISA/MasterCard or electronic payment mode is made use of. In the case of bank wire transfer, the minimum deposit amount is $1000.

Withdrawals

24Option processes withdrawal requests back to the original source of fund. If the amount of money that the trader requests to withdraw is in excess of the amount that was deposited through credit card, then the balance amount will be paid by wire transfer. There is no fee for the first withdrawal in the case of regular account holders. For gold accounts, one withdrawal per month is free and for platinum accounts all withdrawals are free. The fee charged for transferring funds to credit cards is 3.5% and to MoneyBookers is 2%. The fee charged for transferring funds by wire transfer is 30 USD, 25 EUR, 20 GBP or 2500 yen. There is no minimum withdrawal amount specified, except for wire transfer. The minimum amount specified for wire transfer is 100 USD, 100 EUR, 100 GBP or 100,000 yen. Traders can make withdrawal requests at any time.

24Option.com Review – Security

24Option states in security and privacy policy that they employ a number of measures to protect information about their clients.

Mobile Trading

Traders can check the markets, access account, open new trades and do much more with the help of 24Option’s mobile site by simply typing 24option.com on their mobile browser.

24Option Customer Support

The binary options broker provides customer support in nine different languages (English, Japanese, French, Spanish, Turkish, Italian, Arabic, German and Russian). 24Option provides support through email, live chat and telephone.

Pros

The trading platform is simple and easy to use.The return on investment is higher when compared with that offered by competitors.The customer support system is very comprehensive. There is a huge asset list to choose from.

Cons

Service charges on withdrawals are very high.There is no pay back if the option expires out-of-the money.

Summarizing, 24Option has been operating in the binary options market for two years now and has been able to show to the binary options industry that it is one of the best platform to use for both beginners and experts.

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