24option is one of the most popular and respected Binary Options brokers. They are the premier brand operating on the powerful TechFinancials trading platform. They have the biggest selection of trading features available. Option types include High Low, One Touch, High Yield Touch and Range options. They recently introduced Short Term options which is an expansion on 60 Second Binary options. With short term you can select from expiration times of 2 and 5 minutes to go long with the standard 1 minute time.
24option has a large training center filled with many educational videos and as well as a free training guide. Upon opening an account you have the opportunity to trade on a demo platform in order to get accustomed with the system. They have a strong reputation for customer service and reliability in terms of trading performance and timely withdrawals.
24option Screen Shots
24option CySEC Regulated
24option is one of the few Binary Options brokers to receive a CySEC license making them a regulated broker throughout the European Union. Regulation adds an added layer of legitimacy to 24option. They are one of the larger brokers in the market and have a solid reputation with traders. The new license will only help to ensure confidence with customers as to the security of their funds and the guarantee of fair play with quotes and executions.
24option Minimum Deposit
To start trading at 24 you need to register an account and fund it. The minimum deposit amount to get started is $250. This is higher than some brokers but 24option offers an exceptional platform and excellent training. $250 is still a relatively low amount when you consider the wide range of analysis and trading tools that they give depositors. Plus you get 100% welcome bonus when you first deposit, so you actually have $500 to start trading with. If you’re looking at trading options, 24option has to be a platform to consider. We suggest you go to the site and open an account before making your final decision on brokers. As soon as you’ve registered, an account manager will contact you and help to explain what’s available and the best way to get started.
24option Withdrawal Issues
The withdrawal process at 24 is actually quite simple. Go to the “banking” page inside your account and choose an amount to withdraw. The minimum amount for withdrawal is $10 and you can have the money transferred back to credit card, sent via wire or your web wallet of choice. The first withdrawal you make at 24option is free but subsequent withdrawals can cost up to $30 to process, depending on your payment method. The verification process is quite standard and you will need to send a copy of ID and and a utility bill. Once this is done they will process your withdrawal within 24 hours.
We’ve seen on some forums that were some comments about problems with withdrawing funds from 24option. We’ve looked into the matter and in our own testing found no issues at all. The complaints we’ve seen about 24 all seem to be from more than a year ago and it is expected to have some growing pains at a broker as big as 24option. We’re confident that you will have no issues or problems withdrawing from 24option.
24option Demo Account
There is no practice account available until you make your first deposit but after doing so 24option will enable a demo account for you f you request it. This is a separate account that you can use for trying different features and assets out on the platform or testing out new strategies. To activate your demo account is simple:
- Register account – Click Here>>
- Fund your account
- Request demo from account manager
24option No Longer Accepts US Customers
Since they began operations in 2010, 24option had accepted traded throughout the world including the US. In June of 2013 the SEC and CFTC brought legal action against Banc De Binary for soliciting and opening trading accounts with US traders despite not having the proper licensing. The legality of unregulated US binary trading had long been under question. Despite having minimal complaints and a solid record with US traders 24option has decided to stop accepting US customers until legal proceedings and rulings are resolved.
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24option has cemented themselves as one of the largest and most successful Binary Options Brokers. They have moved to the top echelon of brokers by maintaining a high level of credibility as far as trade execution, features, account security and withdrawals. They offer a standard 100% welcome bonus as well as a demo account. They are licensed and regulated throughout the EU through CySEC. We can safely recommend 24option to traders and give them a rating of 4 1/2 out of 5 stars.