24option Review

24option Review

24option is a Cyprus Securities and Exchange Commission regulated binary options broker, owned and operated by Rodeler Limited, a company registered in Cyprus, but also operating in England.  24option’s TechFinancials platform has an elegant, user-friendly interface dominated by a black, white, and gold theme—punched up with scattered primary colors from its sporty attitude and asset logos.

24option is a Cyprus Securities and Exchange Commission (CySEC) regulated binary options broker, owned and operated by Rodeler Limited, a company registered in Cyprus, but also operating in England.  24option’s TechFinancials platform has an elegant, user-friendly interface dominated by a black, white, and gold theme—punched up with scattered primary colors from its sporty attitude and asset logos.  Newbie football-loving traders might be drawn in by the company’s partnership with Italy’s Juventus Football Club, who must have been paid a pretty pound for their image to be splashed across the homepage, but this is only a gimmick—or at best, a clever advertisement for both.  Likewise, 24option’s educational videos are pleasing to look at, but best thrown out with the salt.  

Scam Report

Due to regulation with CySEC, 24option can’t directly scam traders without severe penalties. That being said, traders should be cautious, and wonder why 24option has so many warnings about trading risk.    

Deposit Information

24option is free to join, but requires a minimum deposit to start trading (and to receive a demo account).  Deposits may be made in the following currencies:  USD, EUR, GBP, CHF, CNY, and JPY via credit, debit, wire, or various electronic methods.  The minimum deposits for credit, debit, and electronic methods are $/£/€250 or ¥50,000. The minimum deposits for wire transfers are $/£/€1,000 or ¥100,000. The company discourages high-volume traders with its maximum daily deposit limit of $/£/€10,000 or ¥100,000 and monthly deposit limit of $/£/€40,000 or ¥4,000,000— but this probably has less to do with protecting the individual trader from high losses than protecting the company from having high payouts.

Bonus Information

24option offers a 100% bonus on deposits of $/£/€5,000 or more, and a 20% bonus with a minimum deposit of $/£/€250. These bonuses come with a long list of terms and conditions to be met before withdrawing any associated wins.  Read these terms and conditions before accepting a bonus.

Trade Options and Payouts

24option offers the following trading options:  high/low (and above/below), short term (30s, 60s, 2m, and 5m), one touch (touch/no touch and high yield touch), boundary (and high yield boundary)—with around 110 choices of indices, forex stocks, and commodities.  The company’s returns are said to be anywhere from 60-90%, but as typical in the financial industry, there is a tricky verification process.  

Conclusion

Trade with 24option if you want regulation, entertainment, and low-brow education.  Don’t trade with 24option if you are scared of fine print, and regulatory bodies.

 

24option


Official Websitewww.24option.com

Phone Number: +44.203.693.8656

Trading PlatformTechFinancials

Regulation:  CySEC

Restrictions:  USA traders

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