Is 24Option Regulated Binary Broker or a Scam?
Read 100% Detailed & Full 24Option Review.
24Option Trading Platform & Bonuses – See Below!Read Full Review
|Headquarters||39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103|
|Support Number||+44 203 693 8656|
|Support Types||Live Chat, Phone, Contact Form, E-mail|
|Minimum 1st Deposit||$250|
|Minimum Trade Amount||$24|
|Payout||Up to 88%|
|Free Demo Account||Open Demo|
|Account Types||Standard, Beginners, Gold, Platinum, Diamond, Islamic|
|Deposit & Withdrawal Methods||Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.|
|Number of Assets||100+|
|Account Currency||USD, GBP, JPY , EUR, RUB|
24Option is a Cyprus based binary options broker. The broker was managed and owned by CBAY Financials, but today, it is under the managing of the company called Rodeler Ltd. 24Option is one of the leading brokers on the binary options market today. Since its inception, it has become a favourite choice for many traders. One of the main reasons is that they offer a variety of incentives to their traders in the form of cash prizes every month.
Traders also get access to live signals which can be helpful. The broker is licensed and operates under CySEC regulation. Their trading platform is also very innovative and efficient, powered by TechFinancials and this is why they are able to offer not just a unique, but an enhanced trading experience to traders.
Review Verdict: 24Option is Not a Scam
24Option Demo Account
There are both pros and cons of demo trading at 24Option. While the broker offers a demo account to traders, traders are first required to make an initial investment of $250. But, investing at 24Option is a good choice because this broker has been proven reputable and reliable so you can rest assured that your investments are in safe hands while you make use of their demo account to practice. Demo trading at 24Option is extremely beneficial for beginner traders who are looking to learn the basics of trading and test their strategies.
24Option offers attractive bonuses as well. If you make a deposit of $2500 or more, you can qualify for a 50% bonus. But, you can only receive your bonus if you execute a certain amount of trades. This is the reason it is essential to be aware of their bonus Terms and Conditions before you accept them. 24Option gives you the choice to accept a bonus or deny it and therefore you should think carefully. If you accept a bonus, you won’t be able to make a withdrawal until the required trading volume is met.
24Option Minimum Deposit and Withdrawal
24Option gives you a range of payment options and the minimum deposit amount is $250. Deposits can be made via wire transfer, credit cards, Moneybookers, CashU and other Ewallet options.
Withdrawals can also be done using the same methods and the minimum you must have in your account to request a withdrawal is $100 if you choose wire transfer option. For other options, there is no minimum requirement. There is also no limit to how much you can withdraw. The withdrawal process is quite smooth and flexible. Traders can get access to their funds within 2-5 working days.
Review Verdict: 24Option is Not a Scam
If you have a VIP account, you can get your funds in just one business day. The first withdrawal is free every month and the rest attract a withdrawal fee (depending on the type of account you have). Platinum account holders can request any number of withdrawals for free. Gold members get 1 free withdrawal every month and Regular members get only a free withdrawal only once. So far, there have been no withdrawal complaints from traders because their policy is quite transparent.
24Option became licensed in 2013 and since then it has been operating under the CySEC regulation. This basically means that your investments with the broker are safe. All the transactions are carried out in a secure manner so traders don’t have to worry about their funds. The regulation means that 24Option is not a scam. They offer a very user-friendly interface and a range of features to make trading easy and convenient. Overall navigation of their platform, user-interference and their trading process are simply great. Traders can get access to live charts which can help them make wise decisions when it comes to trading. Just by clicking on the asset, they can find out more about it without having to browse through other pages.
All these great benefits of 24Option make them a reliable and safe broker. From the time they have been founded, they have consistently worked towards making their trading platform better. They have improved in a number of ways and it is not surprising why they are a favourite for many traders today. They have one of the best customer support service in the industry and traders can contact them via phone, email or live chat for any help. We have also not come across any major complaints about the broker. 24Option and Juventus Football Club are official partners which further add to their credibility.
24Option offers a wide range of tradable assets, generous bonuses and different account types suitable for both beginners and experienced traders. You can consider opening an account with 24Option since it has shown high results during our unbiased testing on their trading platform, withdrawal and deposit procedures.
As a trader there are many different features provided if you open an account with 24Option and we know how important it is to choose a broker who gives you the opportunity to gain the maximum profits and access a lot of benefits.
24Option meets traders expectations and this is the reason why this broker is one of the top rated and recommended on the binary option market.