24 Option is a broker that is based in Cyprus. It is currently one of the favorite binary options brokers available for traders today. The main reason that this broker is a favorite is because of the many incentives that it offers to its traders regularly. There are numerous contests ran through the broker that offer cash prizes of thousands of dollars during monthly trading competitions.
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Rodeler Ltd is the holding company for 24 Option and the broker is licensed and regulated by Cyprus Securities Exchange Commission. This is a legitimate binary options broker that is fully licensed and can be used by traders throughout the world.
There are 3 main types of trading contracts available at 24 option. Classic binaries, one touch binaries, and boundary binaries. Classic binaries consist of high/low options and above/below options. One touch binaries include no touch/touch and high yield touch binaries. Boundary binaries include both standard and high yield boundary options.
24 option offers more than 100 types of underlying assets. This is one of the most comprehensive lists that is seen in the binary options industry. When considering that there are 4 types of trading options available it is easy to see that there is an extensive amount of choices of trades that can be made through 24 option.
Customer support at 24 option is the best in the business. There is support available in 17 different languages. Traders can access the support team through live chat, by telephone, and email. One of the great features of the support system is that a list of local and toll free numbers is available to reduce phone charges for traders.
The trading platform at 24 option is one of the most innovative platforms currently available. While many other brokers use SpotOption or Tradologic for their trading engines, 24 option uses a trading engine that was created by Tech Financials. The platform provides traders with a unique trading experience that is in a safe and secure trade environment.
For those who are on the go, mobile trading is supported by 24 option. The broker offers a secondary website that has been optimized for use on mobile devices such as smartphones and tablets. This is perfect for those who want to make trades when they do not have access to their main computer.
24 option also provides one of the highest rates in the industry with maximum payouts of 88% for in the money trades that are made.
As mentioned, one of the reasons that many traders prefer 24 option is because of the great trading competitions that are held each month. While there are some restrictions for entering these competitions, traders will enjoy the chance to earn large cash prizes each month. This is something that not every broker does and just one of the reasons that 24 option is considered one of the top brokers.
It is quite simple to open up an account at 24 option. In order to sign up with the broker a trader will simply need to provide some basic information and make a minimum deposit of $250. There are 4 types of trading accounts available.
There is also a free demo account available through 24 option. However, traders are required to make a $250 deposit into their account before they can have access to the demo account. This is different than some other brokers that allow people to trade for free to test out the software before making a deposit.
24 Option is one of the best brokers currently available and comes with many great reviews. However, as with any broker there are a few potential drawbacks. First, users in the United States cannot use the broker as it currently does not support traders from the country.
Another drawback is that in order to gain access to the demo account a person must create an account and make a $250 deposit first. This means that there is no way to try out the platform before making a deposit, which can be a turnoff for many investors.
Overall, 24 option is one of the top binary options brokers in the world. The broker is fully licensed and regulated, which makes them a safe choice for those who are looking for a new broker for their trading accounts.
24 option provides its traders with many unique features and benefits including monthly competitions with great prizes. In addition, the platform is one of a kind and is very easy to use and navigate, even for those who are relatively new to trading binary options. There is also quality customer support available for any questions or concerns that may arise.
One of the only downsides of 24 option is the fact that in order to use the demo account a $250 deposit has to be made. This means that in order to access an account you will have to commit to making a deposit with the broker. While this is not ideal, 24 option has many great features and assets, which makes it a good choice for most traders.