In 2010, when Binary Options was getting going, 24Option was one of the first brokers to set up shop. They are still one of the best sites to trade binary options on and have several clear plusses. The first of these is that the platform is regulated. The second is that their allowable pay-out is higher than other brokers. 24Option allows 95% which is way better than most of the others at between 71% and 89%. To start trading with this broker, a deposit of at least $250 must be made. A recent addition to the service they offer is a 60s option. This extension of their service is a great thing for traders who have the experience and nerves to deal with very short trades and scalping.
The 24Option platform
Right off the bat, this platform goes for the “super rich” feel. It’s sumptuous all the way with the black background and the gold buttons. In contrast to their sophisticated look, they have opted to go minimalistic on other aspects of the site and rather than put the obvious “Call” and “Put” labels on the buttons that traders use to place trades, uses “+” and “-” signs. This is refreshingly simple and leaves no room for doubt.
When it comes to choices of stock and instruments to trade, traders are spoilt for choice. From their inception these brokers have added to the range on a regular basis and continue to do so. There is everything on could wish for from a comprehensive range of Forex pairs and stock options. A slight disappointment is the offering of only 3 Commodity assets, but this will more than likely change in the not too distant future. So they have a good range of European stocks and indices and a good offering of Asian interests to trade in.
Although being regulated by the FSC doesn’t necessarily mean that platforms will offer traders a great experience, this is the case with . They have a reputation amongst traders for being highly reliable. The FSC ensures that brokers regulated by them offer a high level of service and dependability. Your funds are well managed by trustworthy officers and the platform is open to inspection by authorities. 24Option is quick to bank your money when you make a withdrawal and placing trades with them is straight forward and their platform functions well on most popular browsers.
For newcomers, 24Option offers a bonus of 80% for the first deposit. Of course there are terms attached, but they aren’t onerous. For example, if you deposit $1000 you will receive an $800 bonus. The conditions are that you have to complete a certain amount of trading before you are allowed to withdraw any of the bonus money. There are more details on this point in the section below.
The quickest way to find out if a Binary Options broker is above board is to check out their withdrawal policy. If there is anything that makes you uneasy, go do a thorough check and get as many references as you can. With 24Option, withdrawals are hassle free. A regular account takes 3 to 5 days for the money to reflect in your account. The VIP account withdrawals only take a day.
Deposits are also easy and once your deposit reflects in your account, you can start trading immediately.
The only snag with 24Option is the lack a PayPal facility for either deposits or withdrawals. In spite of this, 24Option is head and shoulders above other brokers in this area and most others.
If you read the About Us section of their website, you will see that 24Option claims that their team consists of seasoned professionals from the Forex and Binary Options markets. This is borne out by the fact the people behind this brokerage really know what their clients want in a trading platform. While the colours they chose for the website take a little getting used to, they soon help to give you a sophisticated feel and the sense that you are in a highly professional brokerage. 24Option is a great place to start your trading experience, or if you are thinking of changing brokers, you won’t make a mistake by.