24Option Binary Options
24Option is a company based in Cyprus. It is one of the largest brokers as it has grown immensely since it was established in 2010. The provider has a 100% web based platform with the four main types of options that are available for traders: high/low, one touch, boundary, and 60-second options. This company offers a comprehensive solution for binary trading, with unique multilingual support services to meet the needs of a wide array of customers from around the world.
24Option Binary Options: Trading Instruments
24Option offers one of the most professional and simple-to-use platforms in the industry. It is impressive that the broker offers some innovative options in the online trading industry, which will be discussed in our 24Option review further.
Aside its more traditional high/low trading, 24Option platform also allows users to trade short term or boundary options, and to decide whether the chosen asset will touch a certain value before a particular expiration time, which is a one-touch option.
The additional offer is the Boundary option, which is available for a 75% return if an asset is in/out of a certain boundary. You can check 24Option forum for new information, questions or 24Option scam complaints. The platform also goes further to provide users with charts and information that will enable them to make more informed choices concerning each asset. The software impresses both with traditional features and added tools, which allows having an extra edge over other traders on other platforms. Moreover, users are provided with 24Option demo account.
Here is a 24Option review list of trading instruments, which you can find on its platform:
Digital Option Pro: An option where a trader must decide if the current price of the chosen asset will either go up or down is called Digital Option Pro on 24Option's trading platform. Customers choose an asset and an expiry time for the asset and enter the money amount they would like to place on the trade. This provider makes trade monitoring easy and convenient and sends an email notification to the trader at the closing of the trade.
Option Builder: Option Builder gives traders the flexibility to build an option by customizing choices like expiry times, assets, and set risk levels. Instead of choosing an expiry time out of the predetermined expiry time options that are set by the provider for that asset (like in traditional call or put options), traders can choose exactly when they would like their trade to end. After becoming familiar with trading binary options, this instrument can become very useful.
One Touch: The biggest advantage this instrument has with this broker. A trader decides if the price of an asset will touch a higher or lower price point within a predetermined time window.
Short Term: The company offers a wide range access to short-term trading options - 30 seconds, 60 seconds, 2 minutes and 5 minutes. This kind of trading is suitable for those who like to make quick decisions and to see the results immediately.
High yield: This is an exclusive option that includes high risks, but offers higher payouts. There are two kinds of such options: high yield touch and high yield boundary.
The process of withdrawal for 24Option binary options is as simple and safe as the process of depositing account. To withdraw funds you need to sign in, select the tab "Banking" and press "Withdrawal" section. Then fill out the form and click "Next".
According to the financial policy, 24Option withdrawal is carried out in the same manner as the account deposit. If the amount of withdrawal exceeds the amount of funds deposited via a credit card, the remaining amount will be transfered by non-cash payment. 24Option requests the following documents at the first operation for the funds withdrawal:
-an official acting identification with a photo;
-a proof of residence at the address;
-a front and back image of the credit card with the last four digits.
24Option Demo Account
Many traders believe that a demo account is a great advantage, and usually, choose a broker that provides it. This instrument is necessary in order to get acquainted with the trading platform, to understand all its aspects, so that when the user starts trading his money, he has already learned all about the platform. However, many people also believe that a demo account is necessary in order to practice.
24Option demo account for trading does not differ much from other company's demo accounts. The only condition from this provider is a necessity to register and to make at least a $250 deposit before opening the demo account. Only after that traders will be able to take its advantage.
Also, this provider offers such account types:
Standard. Such account type provides an accession receiving to all available types of 24Option binary options, no assets restriction, as well as getting around-the-clock online support.
Silver. Silver account is equivalent to the Standard one, but it differs by the primary deposit of $2 000 and getting an individual training session.
Golden. Golden account members get an extra 2% return for every winning trade and an access to all available 24Option binary options types. Monthly Withdrawal Fee is free once per month. An absence of limitations on assets, access to twenty-four-hour customer online service and a personal training course from one of the best 24option market experts are also benefits account holders.
Platinum. A great advantage is every trade additional 4% return, which increases the profitability of members. Traders with Platinum accounts are granted access to services, which are not available for mentioned earlier accounts. Any type of 24Option binary options is accessible for traders. Also, there are such benefits of the Platinum account as free unlimited withdrawals, absence of limitations on assets, twenty-four-hour customer service access, anywhen consultations with the personal coach and individual training session with the best 24Option market experts.
Diamond. You can gain return on your investment up to 89% (that is 5% extra return), a customized platform with higher trading limits and exposure. Along with previous account type, there are additional services: absence of limitations on assets, free unlimited withdrawals, around the clock customer service access, any-time consultations with the individual coach and individual training session from one of the best 24Option binary options market experts.
Concluding our 24Option review, we should mind about an issue that is frequently encountered on the Internet - about 24Option scam.
Currently, 24Option is considered to be one of the most respected and legit brokers all over the world. This broker cares about its reputations and tries to provide high level protection, support, customers services and pleasant bonuses. It is regulated and has license from one of the organizations, which govern the options market: CySEC (Cyprus)
You may have seen complaints about scam on 24Option forum or generally on the web. And here comes a question. Why are there any complaints on this broker if it is legit and respectable? The answer is simple. Find out whether there is any real evidence of 24Option scam. Basically, they are not substantiated and written because people make simple traders mistakes. Many of them think that binary options are an easy way to make money without any experience or knowledge, and, in the end, they lose earnings. Also, you should always remember that binary trading has a high risk degree.
Read attentively 24Option review, broker's terms and conditions not to get stuck because of its ignorance. Most of rumors are spread for the reason of this mistake.
If you do not have much experience in binary trading, the company provides Education Center with necessary trading information, strategies, and tips. Also, you can check 24Option forum for useful information and communication with other traders. In addition, you can try 24Option demo account to understand all trading details of its platform.