One of the world’s leading brokers. 24Option.com offers underlying assets with universal appeal on an on going basis, seven days per week. Because they are so widespread in the amount of underlying assets they cover and they have traders frequenting their site from many different nations, 24Option’s customer service support staff is multilingual. Their mission is to create the most user friendly trading environment possible, all while helping their clients to start expanding their trading experience on a consistent basis. You will find many different underlying assets here along with great rates of return. For those interested in growing as a trader, 24 Option also has educational materials available on their site. This includes an eBook, a trader manual, and much more.
For those people that decide to trade with 24Option, there are some distinct things to keep in mind. First, you want to make sure that they actually have the underlying assets you wish to trade. 24 Option carries dozens of choices of binary options trading including many currency pairs, international indices and stocks, and commodities. Pretty much all of the world’s major financial players are accounted for on this site.
They also offer more in depth types of trading. You can trade the standard call/put options if you wish, but with select underlying assets you can also trade boundary and one touch options, too. Recently, 24Option added 60 second binary options to their repertoire, making this one of the most comprehensive and complete binary options brokers out there. They also offer CFDs.
Broker Payout Rates
The greatest thing about 24 Option is the high standard that they hold themselves to. For example, many brokers will not offer the highest rates of returns on their most popular underlying assets. The Euro/U.S. dollar pair is one instance of this. But 24Option actually has some of the highest return rate on this popular underlying asset at 88 percent per successful trade. The downfall is that if you are looking for more obscure trades, you might not get the best rate on them. Some binary options like stocks, like Disney, Exxon, and IBM are often only given a 70 percent rate, per successful trade, by this broker. This shouldn’t deter you if you stick to the most popular underlying assets, however. The minimum trade amount per investment is $24, so make sure you are aware when creating your strategy.
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Opening an Account
Opening and funding an account with 24Option is quick. You will need your basic personal information; your name, country, address, and email address. Then you create a user name, a password, and your base currency. Once these steps are completed, you simply fund your account. You can use a major credit card, wire transfer, or an online wallet, like Moneybookers. Credit card transactions are applied quickly, so if you want to start trading in a hurry, this is your best choice. Wire transfers might take a couple days before the funds are moved successfully. As with all binary options brokers, you must be 18 years old to legally have an account and use it. You must also live in a country where 24Options is allowed.
When you are ready to make a withdrawal it’s just as convenient.
Binary Trading Platform
24Options trading platform is extremely simple. First, you click on the tab of the type of trade you would like to make; the standard is the high/low (call/put) The site basically walks you through it after this. You select an underlying asset from the list next. You can access the main list with all of the underlying assets available on it, or you can break it down by the class of the underlying asset. You pick the underlying asset and it will show you the current price. Next, you choose which direction you think the underlying asset will move it. Finally, you just type in how much you want to risk and click the button to execute the trade. If your prediction is correct you will earn the predetermined payout if not you will lose your invested capital. You can learn more about their demo platform here. Also, be on the look out for a video tutorial that will go through all the things you need to know.
The platform is entirely web based, so you never need to download software. They do have an app for downloading on your phone, if you wish to use their mobile trading feature. As long as you have a good internet connection you can trade from any computer, as well, which makes 24Option a lot more user friendly. Learn more about Binaries starting at our homepage.
Everything Else You Need to Know
24 Option is a user friendly brokerage with dozens of underlying assets for you to choose from. They also have some big perks for their more serious traders. For example, with a Standard Account, you have access to the full trading platform, of course, but you also have around the clock trading support and no any hidden fees. For those who want to trade with large amounts, applying for a Platinum Account will be the best way to go. Here, you have all of the features that come with the broker, plus you earn an additional 4 percent return on all of your successful trades. This might not seem like a big deal, but 4 percent adds up very quickly. Think about it this way: you can potentially earn much more when you’re right with your trades, and this makes it so you don’t have to be right as often in order to earn more money, but have in mind that investors can lose all their capital as well by trading binary options. For the serious trader, this can help in a big way.” You can also consider trading 24option with a robot. This may help you get started.
The Final Verdict
24Option is a popular binary options broker and for good reason. They have a wide array of underlying assets and very competitive rates of return, especially for the larger traders with Platinum Accounts. Overall, this is a very good and reputable binary options broker.
***Your capital may be at risk. This material is not investment advice.***Read More About 24Option Demo Account