Is 24Option Scam?

24Option SCAM REVIEW

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Summary

24Option is one of the pioneers in the binary options brokers industry

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Details

Broker 24Option
Website URL www.24Option.com
Free Demo Account Open Demo
Overall Score 9.0/10

FULL REVIEW OF 24Option

24option is one of the most well-known binary options brokers. They are considered as one of the pioneers to the binary industry and definitely have a reputation for innovation and leading the pack.

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Reputation of 24Option Broker

They clearly have a huge marketing budget as can be seen from their ongoing partnerships and sponsorship of Boris Becker, Conor McGregor and also Juventus Football Club, the mixed martial artist lightweight champion.  Aligning themselves with many of these reputable public figures has clearly had a great effect on this broker, no less demonstrable by their use of the Tech Financials platform.

The majority of other binary brokers use 1 of 2 available third party trading technologies, that of Spot Option or that of Tradologic. 24option however goes a different way with their use of the Tech Financials platform which clearly sets them apart.

 

Review of 24Option’s User Interface

The platform is user friendly and also has a great interface for maximizing the amount of securities on view.

In terms of assets available to trade, these cover stocks, forex, indices and commodities. They also have one of the most comprehensive list of assets to trade with.

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24Option User Interface

Mobile Features of 24Option

24option provides mobile trading capability to all of its members through its trading app that is hosted through booth Android and IOS.

This offers an on-the go experience where members may manage their accounts in addition to actually trading.

24option are regulated by Cysec, this is the Cypriot regulator which allows this firm to passport its over-the-counter trading services across Europe. The company is not permitted however to offer their services outside of this zone.  24option takes measures to protect the integrity and security of members’ personal details and bank details and the award-winning platform ensures robust and protective security measures for clients.

Does 24Option Provide Training and Learning Materials For Its Traders?

This is in fact an area in which 24otion broker excels itself. Once a trader has signed up with 24option they will be able to access a wide library of trading videos which include strategies, basics and more advanced training.

Review Verdict: 24Option Software is NOT a Scam

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The resources also include live feeds of updated financial news, market analysis and various courses and articles. 24option has provisioned a wide range of payment methods for its members in which they may easily make deposits and withdrawals. These include Bank transfer, Skrill and Neteller among others.

What Are The Payouts Of 24Option?

Payouts can go up to around 82% for the classic binary options. They average about 72% for the most part.

Trade Types of 24Option

These include classic high/low binary options, one-touch, short term trading and boundary options top.

Pros

  • Amazing learning resources
  • Regulated binary broker
  • User friendly binary platform

Cons

  • Slightly lower payouts on assets compared to other brokers

Should You Use 24Option If You Have Not Traded Binary Options?

24Option has one of the most user-friendly interfaces and reputable binary options brokers available online, hence this is where many binary options traders like to trade. There is a range of underlying assets that you can choose to trade and their customer service team is also available 24/7 to help you with your questions and concerns.

Opening an account with 24Option broker is quick and easy. In addition, you can use their binary demo account which gives you the option to practice before you jump into real trading. Demo trading can be used as part of the learning process and it is a must for every beginner trader

At 24Option, members simply have to make an initial deposit of $250 and you will get access to a demo account. Trading using virtual funds allows you to learn about the binary trading platform while you improve your trading skills and strategies.

After you sign up, fully verify and fund your account with the minimum of $250, you will get access to the trading platform of 24Option. There you manually place trades on underlying assets in the 4 trading categories – currency pairs from Forex, stocks, the most popular tradable commodities and indices. Once on the platform, you should notice the various binary option types available for trading – from hyper options of 60 seconds to long-term High/Low options.

You can place trades with a few clicks – choose asset type, binary option type, key in the investment amount and select the direction in which you think the value will go. We have found that it is indeed as simple as that.

Review Verdict: 24Option is NOT a Scam

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Monitoring Your Trades On 24Option

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As clients of the 24Option binary brokerage, members can monitor all of your currently open trades as well as the ones that have already expired in the Trade History tab.

All of that is featured on their trading platform itself. 24Option is completely web-based and you can access the trading platform from your browser, as long as you have Internet connection.

You can choose if you want to download a trading application, available for both iOS and Android, onto your mobile device. This feature will allow you to trade on-the-go whenever and wherever you are, as long as there is a working exchange.

How To Sign Up At 24Option?

If you choose 24Option as your binary broker, you can join it in 3 simple steps:

  • Submit your details and create a new free trading account.
  • Choose an account type – you may also choose between a free demo or a real trading account.
  • Deposit Required Minimum – the lowest deposit for the basic account is $250.

When you are choosing your preferred account type, you should take into consideration the special features that are specified for every account. The minimum deposit requirement will vary if you choose an account that is higher than Basic. If you want to start at the 1st step, you can do it with the accepted minimum of $250.

The Basic account type begins from $250 and it also provides professional charts, 82% payouts per successful trades and round-the-clock customer support. It also gives you access to the basic tools of analyses providers at Trading Central. Every upgraded account type above Basic also offers third party Trading Alerts – these would include information on events that might influence your trading strategies. Payouts are automatically calculated by the system and you can see how much you can profit from a give trade if it is a winning one even before you have placed it.

Conclusion about 24Option

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24Option offers a lot of trading options to all of its members, both novices and professionals in the field. The payouts of the brokerage are some of the highest in the binary options industry and it is also a regulated broker which take measures to safequard client’s funds.

That is why we consider 24Option to be 1 of the best binary brokers available today.

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