24option broker review
24option is the biggest binary options broker in the world. Combining first-class security with top-notch profitability, 24option can help most traders to make money with binary options. In this review, we discuss 24option’s features and find out whether 24option is the right broker for you.
In detail, we will answer these questions:
- Why should I choose 24option over all other brokers?
- Which additional features does 24option offer?
- Who is 24option?
- How can I get started with 24option?
With the answers to these questions, you will know whether 24option is the right broker for you, and you will be able to start your trading career with 24option within a few minutes.
Why should I choose 24option over all other brokers?
There are hundreds of binary options brokers out there. You can sign up with any of them. With this wealth of options, the main question any binary options trader will ask itself is why they should pick 24option over all the other binary options brokers out there? Is there something unique about 24option that makes the broker stand out from the crowd?
Well, there are a number of unique things about 24option. Offering features that are impossible to find with many other brokers, 24option provides five compelling reasons for why you should choose them over their competitors. Let’s take a closer look at each of these reasons, and let’s see how you can profit from 24option.
Note: Investors can loose all their capital
1. Real market price, no fees or commissions
One of the most significant advantages of 24option is their pricing system. While many other platforms use their own version of the market price, 24option uses a direct feed from Morningstar to power their system so you can be assured that the price on their platform is the actual market price.
This has another advantage: every asset has two prices at any given time. For stocks, for example, there is one price for which your broker is willing to sell the stock to you (bid) and one price for which it is willing to buy the stock from you (ask). Of course, the ask price is always slightly higher than the bid price – this is how a stock broker makes money.
As a binary options trader, you have to make sure that you know which price you get in advance. Illegitimate brokers might try to cheat you by using the price that is worse for you, which would mean that they are cheating you. You would lose some trades that you would have won otherwise.
With 24option, there is no such trickery. The price you get is the average of ask and bid at any time, providing you with the secure trading experience that you need to make money with binary options.
2. Higher limits = higher profits
24option offers its traders the industry’s highest limits of $200,000 per trade. Other brokers limit their traders to significantly smaller amounts, often only $1,000.
For traders that like to invest big, 24option’s high limit allows them to earn maximum profits in minimum time. This is an invaluable advantage for traders looking to invest more money, either because they have a bigger account or they are willing to take more risk.
For risk-averse traders or traders with a smaller balance, the higher limit leaves them with enough room to expand their investment once their bankroll improves.
3. Highest payout
At 24option, you can earn up to 89% on every trade. When you invest $100 in a trade, for example, you can make up to $89 in profit.
Your success as a trader largely depends on the payout you get with every winning trade. Getting a higher payout is the simplest way to improve your profits without having to improve your trading. Higher payouts always result in higher profits; there is no reason to refuse them.
An 89% payout is the easiest and quickest way to improve your results. Even if you do not get the 89 percent payout on every trade and end up with an average payout of 85 percent, you could still make money by winning only 56 percent of your trades. A winning percentage of 55 percent would mean that you end up with just as much money as you started with.
Now, at this point, you have to understand that binary options offer only two possibilities for what can happen – the price of an asset can rise or fall. Consequently, even random investments would win you 50 percent of your trades, just like with a coin flip. In contrast to a coin flip, however, you can increase your chances of winning a trade by analyzing the market and finding profitable investment opportunities.
With 24option, you are in the perfect position to turn this premise into a profit. All you need to do is increase the winning percentage you would get from random trades (50 percent) by 5 percent, and you are in the clear. With a little knowledge of markets and a little experience, you should easily be able to achieve this goal.
4. Trade wherever, whenever!
24option offers two trading platforms: a web-based trading platform that you can open from any device with internet access and a mobile trading app for Android and Apple iOS devices.
With this combination, you can trade from wherever you are and whenever you want. The web-based trading platform allows you to use your computer at work or the PC in the library to make a quick trade whenever you want, the mobile trading app allows you to trade while you are stuck in traffic, waiting for your girlfriend, or out in the woods camping.
With their apps and their web-based trading platform, 24option enables you to profit from positive market developments from wherever you are.
5. Video Center
If you are still looking to improve your trading knowledge, 24option offers hours of videos on binary options in their own video library. Trading tips, portfolio management, and a tour of the 24option platform!
Which additional features does 24option offer?
In addition to the five unique advantages that we analyzed so far, 24option offers even more additional features. Let’s analyze the features.
Mobile trading apps for Android and Apple devices
24option offers mobile trading apps for Android and Apple devices. With these apps, you get the same trading experience as with the web-based trading platform, you get the same assets and the same binary options types. The advantage of the mobile trading apps is that you can trade from wherever you are at any time you want.
Whether you are stuck in traffic, enjoying a weekend out in nature, or waiting in line, as long as you have a signal on your mobile device, the 24option app enables you to turn every downtime into a trading opportunity.
The apps for Android and Apple devices are almost identical. They both share the same intuitive handling and the easily understandable user interface. Anybody who can handle a mobile device will have no problem with 24option’s mobile apps.
If mobility is important to you, 24option’s apps are a gift from heaven. They allow you easily to tailor your trading to your daily routine by turning time you would waste otherwise into trading time. Consequently, you can avoid having to sacrifice hobbies or family time. Instead of trying a new mobile game, you can try the 24option app and trade your way to financial independence. This is a tool you should use.
Note: Investors can loose all their capital
High profile partners
Are you worried about finding a trustworthy binary options broker? There is an easy trick that can save you a lot of the time that you would have to invest in checking brokers. This trick is taking a look at the broker’s partners.
When a broker has high-profile partners, you know that these partners’ lawyers have checked the broker thoroughly before they recommended that their client should partner with the broker. Stars, professional athletes, and other high-profile partners simply could not afford the negative publicity that comes with promoting an illegitimate business.
24option has not one but three high-profile partners:
- Soccer giant Juventus turn,
- Tennis legend Boris Becker, and
- UFC champion Conor McGregor.
Each of these three partners has its own army of agents, lawyers, and advisors that took a close look at 24option before they entered the partnership. The fact that all of these people considered 24option a legitimate business means that many legal experts analyzed and approved of every little aspect of the broker’s business. Knowing this verdict is a great help because it allows traders to make a quicker and better decision than a non-expert ever could.
With 24option, you know that you get a 100 percent trustworthy broker that you can trust with your money.
Regulation by the European Union
If high-profile partners are not enough to convince you of 24option’s trustworthiness, the broker has another convincing argument for you: 24option is regulated by the European Union. This regulation literally guarantees that you deal with a trustworthy broker and that your money is 100 percent safe.
The European Union’s regulation has two advantages:
- 24option is subject to the EU’s legal system. Some illegitimate brokers try to escape legal liability by registering their businesses in countries with questionable legal systems. 24option does the exact opposite and subjects itself to one of the most thorough legal processes in the world. If there would be a single thing wrong with 24option, you can be sure that the EU would immediately step in and protect you and your money. Due to the European Union’s legislation, you can be 100 percent sure that there is no trickery going on at 24option.
- 24option has to abide by the same rules as the big European banks. Financial institutes that are subject to the legislation of the European Union have to abide by certain strict rules that unregulated brokers can ignore. One of these rules requires brokers to keep their customers’ money in separate accounts from their own money. This rule guarantees that when a broker goes bankrupt, it only affects their own money. With an unregulated broker, your money would be gone, too, which is a disaster you have to avoid at all costs. 24option guarantees that you can.
In combination with 24option’s high-profile, the European Union’s regulations offers you the complete security package.
Who is 24option?
24option is the industry’s leading binary options platform. One of the main goals of 24option is to give its traders the tools and strategies that they need to succeed. This goal has been achieved by offering everything from an array of tradable options to the most profitable assets in the market.
24option has built a platform designed to educate its traders so that they can profit more effectively and with confidence. Whether you trade using the High/Low option or 24option’s new 60 and 30 second options you can earn maximum profits in minimal time.
Why are binary options so profitable? Binary options are profitable because you aren’t purchasing the asset; rather you are investing in your prediction about that asset’s market price. So you can invest as much or as little as you would like, you control your risk. Binary options are also popular because you know exactly how much you can earn before you invest, so there are no hidden surprises.
24option’s limits of $200k per trade mean that as a trader, you can earn more in less time. Just remember to stick to your money management and not invest more than you can afford.
The minimum deposit of $250 allows you to open an account with very little cash, which is a great feature for new binary options traders.
With up to 89% payout on every trade, you can start earning more with binary options from your very first trade. 24option’s diverse selection of assets means that you can invest in an asset that you know and understand and use your knowledge to earn with binary options.
24option’s trading platform offers up-to-date technology so that every price quoted, every trade executed, and every profit earned in one of the most secure platforms on the web. With real-time market data, you can be sure that your asset’s market price is accurate to the second. While other platforms might try and hide the market price, 24option uses real-time data to ensure that your trade is as transparent as possible.
24option offers a large selection of assets such as Apple or Google, NASDAQ or oil. You can trade currencies, commodities, stocks and indices. In every category, you find assets from all over the world and all fields of industry, providing every trader with exactly the assets that they need to make money.l
While many platforms try to wow you with high payouts and low limits, 24option gives you the option truly to profit from binary options. Combined with 24option’s high limits and high returns, their advanced platform helps you to enjoy a successful binary options career.
Note: Investors can loose all their capital
How can I get started with 24option?
If 24option is the right broker for you, you can open an account in three simple steps. All you have to do is:
- Follow one of our links to the 24option website. It will take you to the signup form.
- Fill out the signup form and click send. Once you have completed this step, you have an account.
- Deposit money into your account. To start trading, you need money. Deposit money into your account, and you can make your first trade.
That’s it. With these three simple steps, you can become a part of the binary options world.
When depositing money, there is one thing you should know. Deposits via credit card or online payment provider will be booked to your account immediately. Choose one of these deposit methods over wire transfer, and you can start your trading career within the next few minutes.
24option is one of the best binary options brokers that the market has to offer. Combining first-class security through government regulation and high-profile partners with top-rated profitability through high payouts and high limits, you get the best of what makes a binary options broker attractive – security and profitability.
To get started with 24option, follow one of our links and complete the signup process. When you deposit money via credit card or online payment provider, your first trade can be only a few minutes away.
* Receive up to 360% ROI on one-touch options during weekends. Note weekend trading includes higher risk of capital loss.