Building itself as a firm that strives to educate its traders about binary options, 24option is actually the trading name of Rodeler Limited, a firm that provides various ancillary and investment services. These include the execution of orders, investment research, financial analysis, reception and transmission of orders, and instrument administration and safekeeping on behalf of its clients. Because Rodeler is governed by the Cyprus Securities and Exchange Commission (CySEC), the services it provides under the 24option name are regulated in the European Union.
|Up to 100%
|US traders are not accepted
- Solid asset filter
- Early close feature
- Remarkable, free education center
At first glance, the 24option website seems much like other sites that target beginners. It boasts a relatively flashy appearance compared to other Rodeler brands like Zone Options and Grand Options. But 24option distinguishes itself with a fairly extensive trading guide that is accessible from the main page; this platform allows new traders to comfortably progress at their own pace.
The Trading Platform
24option trading platform is fairly well-thought out. It's easy to filter out stocks, commodities, indices and Forex options as well as select from high/low, one-touch, boundary and short-term trades.
Although 24option graph functions are less extensive than those on comparable platforms, they make it easy for traders to manipulate the way data is displayed. Traders can also create alerts, view histories and open trades from the same page instead of having to jump around from one place to another.
24option also provides a customized mobile variant of its trading platform. Available for iOS and Android, it allows users to track and modify their trading activity on the go without trying to make the website version function properly on a smaller mobile device screen.
Promotions and Bonuses
Like other binary trading sites, 24option features periodic promotions and bonuses, including account deposit bonuses. But all are governed by specific terms such as minimum trading volumes; it's important to read the fine print first.
One of the best current bonuses is December's (Until the 26th) binary options competition. This promotion maintains an ongoing leader board and has 15 cash prizes, including a $100,000 grand prize for the trader with the highest total trades.
Min. Deposit€ 250
24option permits users to fund their accounts using a number of credit cards. In addition, traders can deposit electronically via MoneyBookers. Those who prefer to wire transfer may do so, but they must contact 24option directly in advance for banking information. Traders are advised that there are minimum and maximum deposit amounts that vary by funding type.
24option features an extensive support network. The site provides live chat services and direct contact phone numbers for users in more than 20 countries. Traders who become part of the CPA affiliate network may be able to obtain more assistance on demand.
One of the most notable features of 24option is its thorough education center. In addition to reading printed material, traders can sign up for free online courses, download books, and get up to speed on topics like early closure and expiry calculations with the help of examples. There are also tutorial videos split into beginner and advanced topics.
- Carte Bleue
- Email: firstname.lastname@example.org
- Fax: +357 25-030-329
- Phone: +357 25-262-789
- Service: +357 25 262-063
Advantages and Disadvantages
24option seems to be a thorough trading platform, but it is not particularly powerful. Complex purchases seem to be limited, as users may have to construct them by entering multiple trades individually. While this isn't a problem for most people, it can become tiresome at high volume.
24option has a fairly broad list of asset indices, but it may not be suitable for those who like to play around with startups and emerging markets. Above all, the platform seems to be geared towards simplicity.
Pros & Cons
- CySEC Regulated (EU)
- Demo account only after 1st deposit
- Quick signup - Get started in minutes
- Intuitive mobile application (iOS / Android)
- Not exciting Bonus
- US traders are not accepted
Overall, 24option seems to be a legitimate, well-executed trading platform with a lot of tech support. Although experienced traders may be turned off by the flashiness, those who are just getting into the game will probably find it extremely accommodating.