The Best Binary Options Broker Is 24option

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If you’re thinking about trading binary options then you probably already know how important a broker is—without a broker, we’d even go as far to say it would be almost impossible for you to trade binary options.

Throughout this article we’re going to tell you what makes a good broker, we’ll then tell you everything you need to know about 24option—one of the best brokers in the industry right now.

What Makes a Good Broker?

Having a good broker can be the difference between a big win and a big loss. There are many factors that could influence your success when it comes to trading binary options, but your broker is by far one of the most important, if not the most important.

24option mob devBut how are you supposed to choose a good broker if you don’t know what to look for? Well, throughout this section we’re going to tell you exactly what makes a good broker.

First and foremost, a good broker will always offer a demo account—which allows you to try their platform with “practice money” before making a deposit. It’s crucial that you understand the broker’s platform, and that’s it neither too basic nor too technical.

Once you’re comfortable with the broker’s platform, the next thing to consider is the commission or spread. Brokers need to make revenue from their services one way or another, they’re not a charity. However, some brokers do have better options than others, make sure to shop around for the best one.

Continuing on from that, the vast majority of brokers operate on spread or commission—others might implement a monthly account fee, or something similar—so always remember that your success is the broker’s success. With that being said, any good broker will leap at the chance to offer you training materials and resources to help you improve. Look for a “Knowledge Base” or “Education Centre”.

Some Information About 24option

24option quad24option has become one of the best binary options brokers in the industry, and has seen significant growth ever since it was first established several years ago. They are by far one of the most reliable and trustworthy brokers that offer a wide range of services for their clients.

You’ll find that many brokers in this industry are still unregulated and this can result in traders becoming extremely cautious when researching brokers. Fortunately, this is something that you don’t have to worry about with 24option, we’ll talk about this more in the next section.

5 Facts for 24option

We know that it’s extremely easy to become overwhelmed with information when you’re a trader, you’re constantly sorting through information throughout the day. Hopefully, the list below will enable you to learn more about 24option without being subject to “information overload”.

    • 24option is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), so you can rest assured that your funds are always safe.
    • They don’t take a commission nor do they implement a spread.
    • Three different accounts are offered by 24option: Standard Account, Gold Account, and Platinum Account. These accounts allow you to have the most flexibility for your success.
    • In addition to trading through their web platform, you can also take advantage of 24option’s iOS or Android app.
    • 24option offers a wide range of training materials and resources so you can really become the best trader that you can be.

24option and Your Portfolio

Portfolio management is easily done with 24option, you can open, manage, and close trades with the help of their extensive platform trading page. Here, you can execute high/low trades, one-touch trades, boundary trades, and short-term trades. You’ll also see a chart of the current and past market price on the right-hand side of the page; this chart also helps with sentiment analysis by having a “Trader’s Choice” feature.


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Towards the bottom right-hand side of the screen, you’ll find a tab group where you can manage your open trades, look at your trading history, view trading alerts, and also do research on the economic calendar.

What About 24option's Support?

Before you sign-up with a broker, you should always make sure that they have excellent customer support in case you ever run into any problems.

Firstly, 24option has offices in 21 countries around the world, spanning across several continents. For each one of these offices, they provide the following: a 24option mifiddedicated telephone number, a dedicated fax number, a shared customer service number, a shared affiliate-specific number, and an email address. For their offices in Cyprus and the UK, they also provide an address.

You can also take advantage of 24option’s “Live Chat” feature, which allows you to easily connect with a customer support advisor who can help you with many problems relating to your account.

Even though you now have a lot of information about 24option’s customer support, we would still recommend experimenting yourself—nothing can beat first-hand experience. You can find more information about the support that 24option offers by visiting them at their Contact Us page.

24option Demo Accounts & Bonuses

Before signing-up with any broker, you should always open a demo account so that you can get a feel for the broker’s platform. Every broker will have a different layout and this could be the difference between success and failure for a trader.

Opening a demo account with 24option is fairly easy, you simply go through the registration process and when prompted, select the “Demo Account” option.

When you’re ready to make your first deposit, you’ll find that 24option offer a wide range of bonuses and regularly have promotional offers active. They offer a 100% deposit bonus and regularly hold monthly competitions where you can win up to $100,000 in cash.

24option Best Broker for Binary Options

WinnerIf you’re looking for a binary options broker then you really can’t go wrong with 24option, we believe that they’re one of the best brokers that you could sign-up with. To summarise, 24option offers everything that a binary options trader could need. Their platform is easy to use, they don’t take commission or implement a spread, and they offer a wide range of learning materials and resources—what more could you ask for?