Is 24Option a Scam or a Reliable Binary Options Broker?

Read 100% FREE & Unbiased 24Option Review by Experts

24Option Demo, Bonus & Minimum Deposit – See Below!

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Website URLwww.24option.com
Headquarters39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103
Support Number+44 203 693 8656
Support TypesLive Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit$400
Minimum Trade Amount$24
PayoutUp to 88%
Free Demo Account Open Demo
Account TypesStandard, Beginners, Gold, Platinum, Diamond, Islamic
Deposit & Withdrawal MethodsCredit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc. Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
Number of Assets100+
Account CurrencyUSD, GBP, JPY , EUR, RUB
Overall Score9.2/10

Full Review

24Option is currently trending as one of the most genuine trading platforms in binary options. It was launched back in 2009 and has become a popular binary options broker among traders. This broker is currently owned by an organization called Rodeler Ltd though its previous owner was CBAY. The two companies merged in 2013 operating under a regulatory institution called Cyprus Securities Exchange Commission commonly known as CySEC. Rodeler Ltd is a legit company that is also registered with a relevant authority called British Financial Conduct Authority known as FCA. It also signed a partnership with Juventus football team.

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Trading with a broker that is registered and regulated ensures that clients receive quality services that are safe and genuine. 24Option has been in the binary options market for a long time and therefore has the relevant experience required in making high earnings for its users. The broker has an advanced user-interface that is easy to navigate. A trader can examine a specific asset by simply clicking on it to view all the information regarding the trading asset.

The support desk is available for everyone since it supports 21 international call numbers from various countries. The live chat is also available 24/7 meaning you can contact them anytime from anywhere. 24Option has a high success rate of up to 88% with an average of 81% returns for the major currency pairs. This is a very high percentage in the binary options market making a top broker to invest with for traders.

The withdrawal procedure is fairly standard taking an average of 5 days for you request to be processed. One is however required to submit specific documents for security purposes against money laundering. You should provide an official Identification with a picture on it, utility bill as proof of your address, and a copy of the credit card showing the front and the backsides. The broker has undergone regulation meaning there are less withdrawal problems.

24Option Trading Platform

The user platform provided by 24Option is very modern and has an elegant style due to the dark background written with gold letters. The broker is fully web based and does not need to be downloaded making it very convenient for all users. The trading process is made easy because the website has strong signals that provide live data about all the available assets.

 24option platform

The FAQ and glossary sections are up to date giving the user key information about how the website works. Another important feature is that 24Option supports more than 15 languages including English, Spanish, French, Arabic and German among others.

24Option Trading Assets

The broker offers more than 100 assets giving its users a wide range of assets to trade. This means that this platform is convenient to most traders. The assets include 43 stocks, 19 indices, 30 currencies and 11 commodities there is definitely something for everyone. The expiry periods accommodate both short term and long term traders allowing investors to choose from a period of 30 seconds all the way to a month. Other trade types include the high/ low options, one touch binaries, standard yield and high yield binaries.

24option assets

24Option Minimum Deposit and Withdrawal

After signing up with 24Option, the minimum deposit amount required is only $400 to start trading. You can deposit and withdraw using credit and debit cards, Moneybookers (skrill) wire transfers and many more. This broker does not charge commission fees from traders when they deposit their initial investments or when the buy options. Another advantage of using this broker is the fact that the first withdrawal is free meaning you can use all your profits without worrying about charges. Traders who own Gold accounts are given a unique offer of one free withdrawal each month. Those traders with Platinum accounts do not pay any withdrawal fees.

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24Option Bonus

24Option offers generous bonuses for its clients. A new trader gets a bonus of 50% for initial investments and 80% bonus for an initial deposit of $1000. You are however required to trade for a certain amount before your payout is processed. This requirement allows the broker to protect itself from fraud and we advise you to read the Term and Conditions Section.

24Option Demo Account

24Option provides its binary options traders with a demo account to help the new ones to understand the key features of the platform and how the trading process works. They can use the feature to experiment and try out new ideas and tactics that can increase the chances of winning. The account is entirely risk free and does not have to trade with real money, so you do not have to worry about losing.

Is 24Option Scam?

This broker is among the very first brands to be regulated by CySEC and this makes it a safe binary options platform for traders. For a broker to be regulated, it means that it offers high standards of services that are genuine and guarantee safety of funds. This software has numerous positive comments and reviews in the binary options industry. The pros are that this system is easy to use, provides a customer support service and allows mobile app trading.

Bottom Line

editors choiceThere are a lot of binary options brokers available for the traders online, however there are not many that come as highly recommended as 24Option.

24Option provides the traders with a wide range of trading options and they have quickly achieved one of the most solid reputations on the market.

As one of our TOP rated and approved brokers 24Option will meet your highest expectations and you will be able to discover the benefits as you sign up with them.

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