24option 2017

24optionRating 4.5/5
24option
  • Return up to:88%
  • Min. Invest:$24
  • Min. Deposit:$250
  • Demo Account:Yes
  • Livechat:Yes

24Option is perhaps one of the most influential and popular brokers in the online trading industry. They have started out and became well-known for offering binary options trading on their trading platform. However, as of lately, 24Option is switching their focus on Forex and CFDs and slowly moving away from binary options trading.

In this 24Option review we will be giving all the essential information you need to know about this well known broker who is very well known for their excellent trading service. The most prominent feature is definitely their new Forex and CFDs platform. It is very user friendly and not overly complicated in design which is of major importance to current and prospective traders who are trying to figure out how to navigate the numerous platforms already present on the market.

24Option - Account Features

There are five different trading accounts available at 24Option that are aimed at providing premium trading experience for traders regardless of their investment styles. All the accounts are loaded with very useful features for both CFDs and Forex, with one major difference between the two, which is the spread. Upgraded accounts on 24Option also come with educational materials, alerts and a personal coach which is definitely a huge benefit for forex and CFDs traders, especially those who do not have extensive experience in those types of trading.

Basic Account

  • Leverage up to 1:200
  • Exotics spread as low as 7 pips
  • Majors spread as low as 3 pips
  • Minors spread as low as 4 pips
  • Available platforms – MT4 and Web client
  • One-click trading
  • Android and iOS mobile apps
  • Monthly withdrawal fee
  • 24/ customer service
  • Trading Central

Silver Account

  • Features from Basic account
  • Trading Alerts
  • Personal coach

Gold Account

  • Features from Basic account
  • Exotics spread as low as 7 pips
  • Majors spread as low as 2 pips
  • Minors spread as low as 3 pips
  • Trading Alerts
  • Personal coach
  • Sms/e-mail alerts

Platinum Account

  • Features from Basic account
  • Exotics spread as low as 7 pips
  • Majors spread as low as 1.5 pips
  • Minors spread as low as 2.5 pips
  • Free withdrawals
  • Trading Alerts
  • Personal coach
  • Sms/e-mail alerts
  • Live trading sessions
  • Research website

Diamond Account

  • Features from Basic account
  • Exotics spread as low as 7 pips
  • Majors spread as low as 1.5 pips
  • Minors spread as low as 2.5 pips
  • Free withdrawals
  • Trading Alerts
  • Personal coach
  • Sms/e-mail alerts
  • Live trading sessions
  • Research website
  • Juventus tickets
  • Customizable platform

An account type that cannot be left unmentioned is the Demo account on 24Option. Once you are finished with the registration process you can choose between two types of accounts – the real account and demo account. The latter is a perfect choice for those traders who want to make sure they have a full grasp of the trading platform before they actually start to trade with real funds. Demo account includes 10 000 virtual money that is available to use in a risk free environment.

24Option - Trading Software

Our investigative work during the writing of this review has yielded interesting information. While making the switch from binary options trading to exclusively offering forex and CFDs it might be realistic to expect and overly complicated trading platform also, but that is not the case. 24Option has a really simplistic trading platform that will be easily grasped by all types of traders.

24Option offers a Webtrader which makes the trading process really streamlined as you can access the platform from any browser without the need of downloading any additional programs on your computer. This version also includes the possibility of doing simple technical analysis which can be used via implemented chart.

Another option, for traders who are always on the go but still want to be able to access their trading platform wherever they are, the 24Option mobile app is the perfect solution. Traders who consider themselves more experienced and professional can download the MetaTrader4 desktop software to access even more optimized features.

24Option - Customer Support

24Option - Customer Support

24Option website is available in many languages which allows traders who like to trade on their native language to feel more comfortable with using the platform. The customer support team has proven to be very knowledgeable and professional in delivering the needed information.

During the course of writing this review, we have reached out to the support team and asked for help on several different topics, all of which was handled with ease and friendly attitude. This service is available through the Live chat option, or alternatively, traders can send and email, use the direct phone number or a very convenient web form.

24Option - Company and Banking Information

24Option is operating under the company Rodeler Limited which is a Cyprus Investment Firm. They are authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 207/13.

When it comes to deposits, the minimum amount is standard in the online trading industry which is $250. Deposit methods are very diverse as traders can choose between all the major credit cards and e-wallets which include Skrill and Neteller. Of course, you are free to use a bank wire for this purpose, however, we must note that this deposit method is a bit more expensive and slower in execution. Which deposit method you choose, will depend on where you are located.

As far as withdrawals go, the first withdrawal is free, after which certain fees apply. However, in case you have opened a platinum or diamond account, all withdrawals are completely free.

In order to successfully withdraw your funds, you are required to verify your account. For this, you will need to prepare scanned versions of your ID, utility bill that is not older than 6 months along with your name, and a copy of your credit card in case you have chosen that method to deposit the funds to your trading account. Traders need to note that it takes up to 3 days to process all of the mentioned documents.

Conclusion

24Option is one of the best brokers that the global market has to offer. Combining first-class regulation and promoted partners with a variety of features and tools, you get the best of what makes this broker so popular – regulation and user-friendly trading platforms.

 

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