24Option is one of the longest-tenured binary option brokers in the industry and is one of the most recognizable brands in the industry. Located in Cyprus and founded in 2010, 24Option is fully licensed and regulated by the CySEC.
Unfortunately, 24Option does not accept traders from the U.S. In this review, I’m going to cover everything you need to know about this broker and help you decide if this company is right for you.
Anyoption Broker Information
- Profit: 89%
- Minimum Deposit: $250
- Minimum Trade: $24
- Maximum Trade: $50,000
- Trading Platform: SpotOption
- Demo Account: No
- Accepts USA: No
- Mobile Trading: Yes
- Deposit Bonus: Up to 100%
- Deposit Bonus: 30X
- Regulated: Yes
- Currencies: USD, JPY, EUR, GBP.
Overview of Trading Platform
24Option uses the TechFinancials software for their trading platform. Available in this platform are the following trade types:
- Short Term
- One Touch
The minimum trade amount for this platform is $24, while the maximum is $50,000.
This broker has one of the largest selection of assets available. At the time of this review, 24option has over 100 different assets in their trading platform including some of the biggest stocks such as Nike, Facebook, and Apple. In addition, all the major currency pairs are also available as well as a variety of commodities and indices for you to trade.
The user interface is pretty sleek, and everything you need to trade can be done from one screen. To start trading on the 24option platform, here’s the steps you need to take:
- Select Your Trade Type (I.E. High/Low)
- Select Your Asset (I.E. Oil)
- Choose Your Market Prediction
- Enter Your Investment Amount
- Click The Buy Button
Profit and Return Rates
The amount of profit a trader can make is always one of the biggest factors when choosing a binary option broker to work with. Luckily for traders, 24Option offers a max payout of 89%, which is one of the highest in the industry. This broker also offers high-yield trades with their One-Touch options (available on weekends only), which can exceed over 500% profit.
The minimum deposit to start trading with 24Option is $250. This broker offers several different deposit methods including wire transfers, moneybookers, and credit cards. This company allows deposits only in the following currencies: USD, JPY, EUR, GBP.
Safety and security is a big deal for most traders, and that’s why 24Option uses a segregated bank account for all trader deposits. This broker is regulated by the CySEC, so you be confident that your money is secure and this broker is legitimate.
24Option aims to make the withdrawal process smooth and easy for traders. To make a withdrawal, just simply login to their platform, go to the “banking” page, and choose the “withdrawal” option. They will process your withdrawal using the same payment method you used for the deposits. There is no minimum or maximum withdrawal amount and the withdrawal requests are processed as soon as identification can be verified (photo ID).
There are a lot of things to like about 24Option. Here’s some of the biggest advantages:
- Over 100 different assets to trade
- Broker is regulated by the Cyprus Securities Exchange Commission
- Profit amount reaches up to 89% for standard high/low trades
- No commissions and no spreads
- Deposit bonuses available up to 100%
- Trade binary options from your smartphone using their App.
- U.S. traders are currently NOT accepted.
Overall, there’s a lot to like about 24Option. Their platform is user-friendly, and their payouts and assets are impressive. If you’re looking for a reliable binary option broker with great payouts, nice features, and a strong company reputation – then you can’t go wrong with 24Option.