24Option’s central station are situated in Cyprus. It is an entrenched binary options business firm that have earned itself an extraordinary profound respect from binary options traders because of its fantastic and predictable administrations.
In 24Option, binary options traders have a variety of trading assets to choose from. The assets range from currency pairs, commodities, indices to stocks. It was once in the past managed by CBAY Financials, but as from late 2015, the administration changed to Rodeler Ltd.
It is a regulated binary options merchant; managed by the Cyprus Securities Exchange Commission (CYSEC) and its permit number is 207/13.
Since its establishing, 24option has been honored severally by the FX Empire. A portion of the grants that 24Option has gotten include: Best Binary Options Broker 2014 honor, Best Binary Options Broker 2015 grant and Most Innovative Broker 2015 award.
24Options Trading Account Types
24Option offers types of binary options trading accounts; the demo account and the real account. The demo account is basically intended for binary option apprentices and also for experienced traders who wish to test their trading strategies before utilizing them to trade in the live account.
In any case, the demo account requires that the trader needs to have initially deposited $250 in his or her real account. Meaning, the demo account is just available to the individuals who have officially opened a real account and deposited $250.
There are five distinct types of real accounts and each has its own features that suits certain group of binary options traders. The following is a more comprehensive look at the 5 types of real accounts.
i. Basic account
Traders opening this kind of an account are entitled to a payout of up to 82%. It likewise offers one withdrawal for every month that is free from any expenses. Trading is focal and the traders are offered with client support.
ii. Silver account
Notwithstanding every one of the advantages offered in the basic account, this account additionally binary options traders for getting trading signals and an individual mentor.
iii. Gold account
Traders opening this account type benefit from every one of the advantages of the silver account and furthermore, they are additionally qualified for a payout of up to 84%, getting email and SMs signals and a chance to utilize expert advisors in live trading.
iv. Platinum account
Notwithstanding every one of the advantages of the gold account, traders with this sort of an account are likewise qualified for a payout of up to 86%, completely free money withdrawals to the bank, session of financial expert, provision of a research website, an opportunity to trade forex and higher trading limits.
v. Diamond account
On top of all the platinum account benefits, traders who open this kind of account are likewise qualified for a payout of up to 88% and an opportunity to obtain a customized platform.
24option Trading Platforms
24Option offers dealers with two sorts of trading platforms. These are the Pix2 binary options trading platform and the 24Option mobile application which is intended for smartphones. The Pix2 trading platform and 24Option Mobile application are trading softwares offered by the Tech Financials and they are not the same as the typical binary option trading platforms like Tradologic which are utilized by other binary options brokers.
Types Of Binary Options Offered In 24option
24Option offers four different sorts of trades to its binary options traders. Each of the options has a different payout percentage. These options are:
i. Boundary binaries
This type of a binary trading contract has a standard yield boundary option and a high yield boundary option. The Payout Percentage of the boundary options ranges from 65 to 70%.
ii. Classic binaries
This type of binary options trading contract consists of above and below options as well as high and low options. The payout percentage of the high and low options range fron 70 to 85% while the payout percentage for the above and below options ranges from 220 to 360%.
iii. Short term binaries
This type of binary options trading contract consists of binaries with short expiry durations that range from thirty seconds to five minutes. The payout percentage of this type of option ranges from 70 to 85%.
iv. One touch binaries
This type of binary options trading contract consists of Touch binaries, No Touch binaries as well as high yield binaries. The payout percentage of the Touch and No Touch options range from 70 to 77% while the payout percentage of the high yield binaries range from 200 to 350%.
24Option has an assortment of choices for depositing and withdrawing money to and from the 24Option wallets. The permitted alternatives of transferring money within 24Option are: JCB, MasterCard, Skrill Moneybookers, Dankort, Visa Card, Bank Wire, Discover Card, Diners Club, Cartasi, Liberty Reserve, Visa Electron Dankort and Laser. The process of depositing cash takes 24 hours since the deposits are manually affirmed. The minimum deposit amount is $250.
The withdrawal procedure will rely on the kind of acount you open. Withdrawal is free for the gold and platinum accounts. The other accounts have a withdrawal fee that depends on the method of money transfer you choose to use. For the bank wire, the minimum withdrawal sum is $1000.
24Options offers customer support to its traders paying little mind to the type of account that the trader holds. It offers its customer support by means of live chats and text messages. To date, 24Option has spread to different nations, making it to offers its customer support in a number of languages which include: English, Spanish, French, German, Italian, Danish, Swedish, Russian, Japanese, Arabic, Romanian, Korean, Finnish, Indonesian, Turkish and Portuguese.