Reasons for 24option
- Hedging of up to 10%
- Maximal yields of up to 89%
- Android app for mobile trading via tablet or smartphone
- Very attractive tiered bonus
- For beginners: extensive training and learning centre
- up to 100% Bonus
- Demo Account
Base values and trading types
With around 100 basis values, 24option offers a good selection for trading. Trading can be done via a mobile app and on the web-based platform as well. The 24option app is available for Android and iOS platforms—at no extra cost! As a trading style the call and put options, limits, or results can be selected. To trade, a minimum amount of €24 is required, which may appear relatively high for beginners, but is more than worthwhile in the long run. In addition, a maximum limit is specified for use.
With 24option.com, you can trade in 53 different commodities. Both currency pairs and individual shares as well as international indices and commodities like gold and silver are involved in the programme. As trading types, 24option.com also offers one-touch (a hit), boundary (range) and 60-second trades.
24option Special functions
As a special function, 24option.com offers an exciting high-yield function to venturesome hunters.
Trading platform & software, usability, appearance and security
The online broker 24option.com stands out from the competitors with its design: Instead of a timeworn, pallid, colouring, as is the custom with the financial sector, the trader receives an eye-catching, minimalist website in black with gold and white elements. In terms of usability, 24option.com also leaves nothing to be desired. All the important functions are visibly and logically arranged so that a fast orientation is guaranteed. Furthermore, all applications are web-based. Additional installations are not necessary for 24option.com. An integrated software solution also supports iPhones and Android devices.
24option.com offers durations ranging from 60 seconds up to several days. Traders can choose according to their convenience, according to the type of trade and other items. If most online brokers with 60-second trades in option trading offer only currency pairs, with 24option, you also get indices like the DAX.
24option Trading conditions, hedging and maximum yields
The yields of online brokers are over the competitive average: With successful trading, 24option pays up to 89 per cent of the profit and even beyond. Moreover, this percentage allows itself to increase, provided a trader has reached the gold or platinum status.
A chance of yields in this amount is almost unique and makes 24option interesting to even professionals other than traders. Lost trades are refunded with up to 15 per cent. The already high maximal yield allows itself to increase significantly in the one-touch or boundary mode: with short-option durations, yields attract up to 350 per cent. In order to minimize active risks, limit losses and secure profits, 24option.com offers the early closure function. You can withdraw till 5 minutes before maturity or sell back your option, for which the money may already have been sent to the broker.
24option Bonus for new customers
If you are new to 24option.com, you should first contact them via chat. The helpful and friendly employees will present to you the current actions limited in time, which are extremely lucrative. Even with respect to the first deposit bonus, a conversation is useful when it comes to choosing the optimal amount.
The regular separation of the welcoming bonus is in the following steps:
The bonus is 20 per cent till €499 and 30 per cent till €999. Beyond €1000, it is 40 per cent, and beyond €2,500, 60 per cent. Even a 100 per cent bonus is possible beyond €10,000. To receive the bonus, you have to trade the bonus 50 times. This number causes some dissatisfaction among novices in binary trading, but is a common and realizable bonus condition with binary options.
24option Demo account and tutorials
With 24option, you can use a demo account that is limited in time, after the first deposit. You also have the possibility of becoming acquainted with option trading without risk. If you would like to set up a demo account, simply contact the customer service via the live chat option. After the receipt of the first deposit, the employees will provide you a demo account on request. The demo account comes equipped with a virtual €5,000.
Of course, this purely involves training purposes with play money. You cannot pay off the profit that you have made on the demo account. To enter, binary trading is, however, an ideal mean. You can familiarize yourself with binary options without risk and test functions and option-trading strategies. In addition to a demo account, under trading resources, you will also find a virtual training centre with learning materials and videos on binary options, financial management, and trading psychology.
24option Payment, security and support
Deposits can be made by bank transfer, electronic payment (even Skrill), or credit card (Visa, MasterCard). Those who would like to pay by a bank transfer must make a minimum deposit of US $1,000. Order them simply via live chat or email the account information where you would like to transfer the desired amount. The minimum payment amount with 24option.com is €250; the minimum bet per trade is at €25. If your trading account reaches a volume of €5,000 or €10,000, you will be elevated to the silver or gold status and receive even better trading conditions. In the call/put modus, €50,000 can be set per trade, and with other binary trading types, €10,000. Payment claims are processed fast. Depending on the customer’s wishes, the payment is made via bank transfer, including Skrill or credit card. A prior verification is necessary as with all serious online brokers. The first payment of the month is free and anything further costs $30, regardless of the payment method.
24option.com's support is exemplary: The customer service can be reached via live chat on weekdays at any time of the day. During the day, customers can additionally even obtain advice in German from an English-speaking support staff. Besides, on their website, 24option offers an extensive manual with a glossary and FAQs. 24option is a trading name of Rodeler Limited, which is located in Cyprus. The broker is subject to strict regulations of the CySEC within the European Union. The broker is classified as one of the safest on the online trading market. With 24option, payments are made exclusively on a separate escrow account. The broker is one of the oldest providers in the area of binary options and enjoys a high reputation among experienced traders.