Trading binary options is the latest rage in online trading, but competition in the broker community has been slow to raise payout percentages except for 24Option. This broker has broken ranks and offers a high of 89% on selected options, and rebates can be as high as 15% in some cases. 24Option hit the market in 2008 and is considered one of the world’s leading binary option platforms. Their success is born out by favorable Internet testimonials and springs from their dedication to providing their traders the latest and best in binary options trading experience.
They offer the popular composite of stocks, commodities, currency pairs and indices, but also provide three distinct forms of option trades – High/Low, One-Touch, and Boundary binary options. Their trading platform is straightforward, no downloads are necessary, and mobile trading is also supported. A vast array of educational materials is available, and customer service is “24X7”, easily accessible by email, chat, and phone, and nearly a dozen languages are supported. 24Option is located in London and is operated by 247 Holdings Group Ltd, a company incorporated in the British Virgin Islands and managed by a seasoned group of professionals, specializing in the fields of financial options, commodities, derivatives, stocks, forex trading, online marketing, software research and development.
Features at 24Option
Opening a trading account is easy with 24Option. Three types are available, based on deposit amount and option payout criteria – Platinum, Gold, and Standard. Payout ranges are 75% to 89%, with special High Yield options approaching 400%. Rebates of 0% to 15% may also apply, depending on the type of option chosen. Binary options come in three flavors – High/Low, One-Touch, and Boundary. 24Option has become one of the most popular binary options brokers on the web because of its above-average payouts, variety of binary option types for trading, and its wide array of underlying assets, including stocks, commodities, currencies, and indices.
The minimum deposit required by 24Option is $250 for credit card or electronic payment and $1,000 for a bank wire transfer. A minimum investment amount for a single option is typically $24, and the maximum investment amount for a single High/Low option is typically $10,000 USD. The maximum investment amount for other options is typically $5,000 USD. There is no limitation placed on the number of options that can be purchased at any particular time. There is however an exposure limit, typically $10,000 USD. These amounts vary between countries and for different currencies.
Deposits and Withdrawals
No deposit is required for registration. 24Option accepts all major credit cards — Visa, MasterCard, Dinners Club, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser, and Discover. Electronic deposits are also permitted from Liberty Reserve, MoneyBookers, and Moneygram. Wire transfers are also accepted, but a minimum deposit of $1,000 is required. As for currencies supported, you may choose from the US Dollar, British Pound, Japanese Yen, or the Euro. Once you have selected your trading currency, it cannot be changed. Maximums apply, but vary based on ID disclosures. Before a withdrawal request can be processed, 24Option will request the legal documentation required in order to comply with anti-money laundering policies, and then process the request in due haste. 24Option account holders are allowed one withdrawal per month free of charge. For every additional withdrawal request, there is a fee of $30. Please note that wire transfer withdrawals may incur additional fees from service providers.
At 24Option, ensuring their traders’ successful and profitable trading experience is their #1 concern. They have built a vast education center comprised of education videos, a binary options eBook, trader manual, and more. At 24Option, they know that successful traders are knowledgeable traders and their library reflects their corporate values. If direct assistance is needed, customer service representatives are available “24X7” via email, chat, or phone. A dozen toll-free phone lines are supported, together with a similar number of languages spoken.
24Option – Conclusion
The management team at 24option is committed to creating the most user-friendly trading experience for all their traders while achieving maximum profitability. They strive to bring the most advanced technology and to develop new tools to allow traders to trade with confidence and success. Their highly profitable returns (some of the highest payouts and rebates in the industry), flexible trading platform, and multilingual support are just some of the reasons that traders from all around the globe choose 24Option as their sole binary options broker. Favorable customer testimonials and independent reviews attest to their growing popularity. Trading is available 24 hours a day, 7 days a week so no matter where in the world you are, you can trade on 24Option.
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