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24option Review

24option

24option

Up to 100% April 2013 Bonus

• Founded : 2010
• Min.Deposit : $250
• Payouts: up to 89%
• Market : Forex, Commodities, Stocks, Indices

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24Option.com, a binary options platform owned by Mika Holdings Inc, has its headquarters in London, U.K. Established in 2010, the broker provides the traders with the latest as well as the best in terms of trading experience and profit returns when compared with that offered by others in the industry. Trading is available 24/7 on the flexible platform which means that traders can place call or put options from anywhere in the world. Readers going through this 24Option review will realize that they have built a huge education center with videos, trader manual, e-book, etc., in order to empower their traders with the knowledge that is essential to succeed in binary options trading. The exclusive instruments provided by this binary options broker enable its customers with the freedom for investing in different types of predictions. This in turn allows customers to have a diverse portfolio.

24Option March 2013 Promotions Bonus

$250-499 deposit = 20% bonus
$500-999 = 30%
$1000-2499 = 40%
$2500-4999 = 50%
$5000 and up 100%

24Option Review – Trading Platform

The advanced, but easy-to-use platform offers the following instruments for binary options trading:

High/Low Options

This instrument is based on the trader’s prediction as to whether an underlying asset at expiration will be higher or lower compared to the current market price.

One Touch Options

The One Touch instrument allows the trader to predict whether the chosen underlying asset will reach the target price at least once prior to option expiration. The underlying asset need not stay at the target level, but has to reach the level just once.

Boundary

This instrument provides a variation in binary options trading in the sense that it offers an upper as well as lower target. Thus, it offers a range and the trader can make predictions either inside or outside the range specified. The outcome of the trade depends on whether the underlying asset at expiration is within the range or outside the range.

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 Option

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 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.

24Option review – Assets Offered for Trade

This binary options broker offers trade in approximately 37 underlying assets including commodities, currencies, stocks and indices.

24Option review – 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.

24Option review – Banking

Deposits

After opening an account with 24Option, money can be deposited by the trader through VISA or MasterCard, electronic payments (Liberty Reserve, 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%, to MoneyBookers is 2% and to Liberty Reserve is 1%. 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 review – Security

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

24Option review – 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 and Romanian). 24Option provides support through email, live chat and telephone.

24Option review – 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.

24Option review – Cons
Service charges on withdrawals are very high.The asset list is smaller when compared with that of competitors.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 provide as many as 37 assets. Over the years, they may be able to offer more for beginners as well as experienced traders.