24Option Review – The Best Binary Trading Platform In The World?
The Binary Options market currently has a few binary trading platforms that are considered to be the best in terms of customer satisfaction and safety of client funds. It is not surprising to note that 24Option consistently features at the top of the list of the best binary options brokers in the market, especially due to the overly positive 24Option reviews provided by existing clients. 24Option has certainly put its best foot forward when it comes to offering a world-class brokerage service, particularly in a risky market where customers tend to expose even the minutest of problems and faults at their brokers.
24Option Binary Features
- Efficient. Effective. Intuitive.
- FREE Signals Package
- The Best Trading Education
Some Vital Facts On 24Option Binary Options Broker
24Option is regulated by the CySEC and is free to provide services to the entire EU under the MiFID derivative. Due to the regulations put forward by the CFTC and NFA, 24Option does not accept clients from the US. Binary traders can start trading with the 24Option Binary Options broker with an initial investment capital of $250, which is a bit high according to industry standards.
The smallest trade amount starts from $24, and traders can invest in a wide range of options that include high/low, touch/no-touch, one-touch, and other high-yield options. All client funds are insured up to 20,000 Euros under the Investment Compensation Fund, which requires brokers to compensate clients in the event of company insolvency or bankruptcy.
The average profit potential for 24Option is on the average side, as payouts for in-the-money trades can only reach as high as 89% for the Platinum account. But realistically, the average returns are somewhere in the region of 70-80%. Other high-yield options can yield a whopping 300%, but in the unfortunate event of an out-of-the-money option, clients can claim a rebate of up to 15%.
24Option offers more than 100 different financial assets that include currency pairs, commodities, indices and select stocks. Traders can choose between the various expiration timeframes, and can either choose short-term options or invest in overnight options by paying a SWAP. All financial assets are readily available through the excellent 24Option Binary Trading platform.
24Option Desktop & 24Option Mobile Trading Platforms
24Option uses the Tech Financial trading platform which is an excellent interface used only by a handful of Binary Options brokers. 24Option has tweaked the design of the platform to make it unique and offer an excellent interface that is both easy to use and highly intuitive. 24Option desktop platform is available only as a webtrader, which negates the need for downloading the platform or installing it on a local computer. A trader can access their account using any modern web browser with a fast internet connection, which makes it truly easy for traders to invest in Binary Options on the move.
The 24Option mobile trading platforms are designed for both iOS and Android and are available for download on their respective app stores. The mobile trading platform is similar in aesthetics and function to the desktop platform, albeit, designed to be used on devices with a smaller screen. 24Option makes it a priority to custom-tailor their mobile trading apps to ensure that none of the utility is compromised while downsizing the app, which is vital to enjoying a great trading environment.
Trading With The 24Option Demo Trading Platform
24Option offers a demo trading platform only to existing customers who have made the $250 minimum initial deposit. The concept of demo trading signifies testing the platform before investing real money into an account, but 24Option does promise instant withdrawal without any strings attached, provided the trader hasn’t opted for any bonus. However, unlike other Binary Options Brokers, 24Option does provide a demo trading platform that allows traders to play with virtual money without actually risking their real money, which is a significant advantage.
The demo trading platform is truly representative of the trading performance of a live account under real market conditions. The company does not interfere with the performance of the platforms by using questionable tactics, which was one of the main downfalls of the Binary Options Industry. 24Option is a regulated broker that earns its immense reputation by being a fair and honest broker that provides a legitimate trading platform.
How Fast Is A 24Option Withdrawal Process?
24Option is swift and efficient, and a 24Option withdrawal is usually processed within 24 hours. Most withdrawals take less than a few hours, but delays can occur if there are open trades, equity problems, or if there is any mismatch between the submitted documents. However, after the first couple of withdrawals, all subsequent withdrawals are made instantly and without much trouble. 24Option provides several deposit and withdrawal options such as credit card payments, bank transfers, or through online payment processors.
I’M Interested In The 24Options Bonus
24Option bonus is available as a 100% bonus match on the initial deposit, but the bonus structure is dependent on the deposit amount and the type of account. The customer service department at 24Option should be able to provide some insight into the available bonuses; however, accepting a bonus will severely restrict the amount of freedom that you can exercise on your investment capital. If you don’t opt for a bonus, you can withdraw your money along with your profits without any strings attached. But if you are indeed accepting the bonus, all of your invested capital is frozen until you satisfy the different trading conditions.