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24Option Review

Posted By Marcus Holland On Friday, February 1st, 2013 With 0 Comments

Introduction

24Option is a binary options brokerage outfit that operates out of Cyprus. 24Option is one of the binary options brokers that have adopted mobile trading by designing a mobile version of the website which is compatible with all internet enabled phones.

24Option Review

Trade Types

24Option is a Tech Financial Ltd white label trading platform partner. This exposes traders to unique trade types such as:

  • High/Low Option: There are two varieties of this trade type: the conventional High/Low option which uses the market price as the trade’s strike target, and the Above/Below trade which allows traders to set their own strike price for the trade.
  • 60 Seconds Option: The 60 seconds option is a recent addition to the trade contract portfolio on 24Options.
  • One Touch: With the One Touch trade contract, traders can trade the high yield touch trade with a weekly expiry, or they can trade the Touch/No Touch trade type.
  • Boundary: This is the range trade with two varieties: the In/Out trade type as well as the high yield boundary trade.Asset Index

Traders can trade assets in four different classes as follows:

Commodities: Gold, silver and crude oil.

Currencies: EURJPY, EURGBP, USDTRY, EURJPY, USDJPY, GBPUSD, EURUSD, AUDUSD, EURTRY and USDCHF.

Indices: FTSE-100, DAX-30, Dow Jones, IBEX, MIB40, Nikkei 225, ASX200, NASDAQ, S&P500, Hang Seng, CAC40, SMI (Zurich).

Stocks: Apple, Lloyds, Vodafone, France Telecom, Google, BP, Societe Generale, Telefonica SA.

Trade Requirements

The minimum deposit for trading with 24Option is $250. The minimum trade amount is $24, although the actual amount per trade may differ from country to country and also depends on the asset being traded. The maximum investment amount on a single trade is $15,000 for the High/Low option and $5,000 for other option contracts.

Traders can transact on 24Option via the following methods:

a)      Credit card/debit card: Traders can deposit and withdraw money from their 24Option accounts using major credit cards such as Visa, JCB, MasterCard, Diner’s Club, and Maestro. Deposit transactions are processed instantly while withdrawals are processed within 24 hours. Card transactions are free.

b)      Digital payment methods such as Moneybookers and Liberty Reserve are accepted.

c)      Traders can also use bank wires to conduct transactions with 24Option.

The withdrawal policy on 24Option is as follows:

a)      Minimum withdrawal amount is $10.

b)      Only one free withdrawal a month, after which other withdrawals will be charged at $30 each.

All traders are entitled to various bonuses and promo awards on 24Option. There is an account opening bonus of up to $400 of their account deposits. There are also periodic bonuses awarded at special times of the year.

Customer Support

Customer support on 24Option can be reached via several phone lines that are listed on a country by country basis. This ensures that traders can get responses in whatever language they speak. The customer support desk at 24Option can also be reached via email at info@24Option.com. There is also a live chat facility as well as a phone line (+357 25 262063) specifically for technical issues.

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At a Glance


Broker name: 24option
Established: 2012
Headquarters: United Kingdom
Minimum deposit: $200
Minimum investment amount: $5
US Traders Accepted?: Yes
Payout: 85%
Deposit methods: Western Union, MoneyBookers,Credit Cards, Cash U, Wire Transfer
New account bonus: 100%