24option Review – Scam or Legit?
24Option is a member of the exclusive list of brokers considered to be highly respected and truly inspiring. Thanks to CySec regulation we can revoke any suspicion of a scam by 24Option and an attractive easy-to-use trading platform with a good customer service makes 24Option a user friendly prime and trusted broker.
Why does 24Option Suck in 50 Words
The first issue comes to mind is actually bad news for US customers; 24Option no longer serve US clients due to Regulation in the EU. Funny how good news to EU clients is less good for US clients. Someone said EUR/USD? Another thing that I really don’t want to addressb to as an issue is; since 24Optibonuson became fully regulated the average return decreased with 2%. However, the regulation itself is a big plus. Also, 24Option still offers returns as high as 87% so I can’t really say this is an issue!
24Option Full Review- True Binary Options Pioneer
As one of the Binary Options trading pioneers, 24Option was launched in late 2009, creating a big buzz in the Binary Options industry. Currently they are owned by Rodeler Ltd. but were previously owned by CBAY until December 2013 when the two mentioned companies merged. Rodeler Ltd. is a company operating under Cyprus Securities Exchange Commission (CySEC) license number 207/13. The company’s registered office is located in Limassol, Cyprus CY-4103 at 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios. On top of the CySEC licence, 24Option (Rodeler Ltd) is also registered with the British Financial Conduct Authority (FCA) since 04/12/2013 and Rodeler BaFin in Germany. Recently 24Option opened a new office in the United Kingdom, located at the 15th Floor 99 Bishopsgate London, EC2M 3XD Tel: +44 203 693 8656.
Since their announcement 24Option’s innovate, fully web-based TechFinanciels platform kept on growing slowly but smart, providing investors with the proper and simplest tools needed to trade options. 24Option also has a great user-interface, among other features. As for their user-interference, we concluded on the first paragraph that the trading process and the overall navigating are simply great. The trading process is easy to use and the live charts are available by clicking on the asset. If a trader wants to examine the asset more closely, (s)he doesn’t need to browse to other pages; a simple click on the asset tab will pop out a small window just above the asset with information by Yahoo! and other sources. These great advantages of 24Option made this company one of the best binary options brokers out there. 24Option has improved since they were founded, the platform has been re-designed, number of assets has increased and staying up to date seems to be their ambition. I moved the paragraph in green. It was originally in the “Is 24option a Scam?” section but I don’t see any reason for it to be there. The main idea behind 24Option’s trading platform is slightly different than most other binary options brokers, as the assets are arranged from the shortest expiry time (usually 30 seconds) to the longest (mostly the end of the day with a few exceptions). For example, if you click on the High\Low tab, you’ll see a list of all assets arranged by their expiry time. The first assets are those who a have the shortest expiry times, while the last one usually expire at the end of the day. Of course, a trader could also click on the High\Low tab and then choose indices or stocks tabs in order to view only the chosen assets. There are more than 100 assets and in each category they will appear from the shortest expiry time to the longest. I actually found this platform much easy to use then most other platform, including the well-respected Spot Option platform. Once you get used to it, the TechFinanciels platform provides a better solution for most types of investors- those who trade around the clock in a matter of seconds (I call those crazy investors the high risk high profits type), and those who prefer trade more conservative. Both types of investors will find the very attractive In-the-Money return extremely satisfying- up to 87% in-the-money and the possibility of closing a trade before expiry to secure profits. The average returns are 82% for major forex pairs and 70% for minor and exotic pairs. These attractive returns are among the leading number in the Binary Options industry. The only downside is the relatively high minimum investment (approximately 24$ for most assets, but unlike most other binary options brokers the minimum investments change from asset to asset), which could limit beginners. Nevertheless, 24Option provide a demo so beginners could first trade virtual money and only then invest for real. Another slight downside concerned with beginners is the above average minimum deposit (200$). I usually prefer brokers who accept lower minimum deposit fees, but in 24Option case, I can definitely say that it’s worth it, due to 24Option regulation.
Recently 24Option have become official partners with Juventus Football Club and this adds to their credibility and high profile. Yea, 24Option is a top shelf well respected broker but additional confirmation never hurts so if you’re a soccer fan and a binary options fan, you’re in for a treat. Oh almost forgot: if you’re a tennis fan you’ll be happy to know that Boris Becker and 24Option currently bring you a competition with the possibility to win 100,000 USD!!! SO get your trading fingers ready because it’s not gonna last forever.
Is 24Option a Scam?
24Option was regulated in 2013. A regulation under the CySec means that the money deposited to the provider is safe. For more Information about Binary Options Regulation, readers are welcomed to view our Binary Options Scams articles section. The regulation of course is the main reason why 24Option was gladly added to the list of non-scam brokers. Now, don’t get me wrong- just because a broker is regulated, it doesn’t mean that it doesn’t suck! As our readers can see, there are more than one binary options brokers that suck, despite being regulated and fraud-free! But, that isn’t the sole reason 24Option was added to our list of non-scam brokers. 24Option also has a great user-interface, among other features. As for their user-interference, we concluded on the first paragraph that the trading process and the overall navigating are simply great. The trading process is easy to use and the live charts are available by clicking on the asset. If a trader wants to examine the asset more closely, (s)he doesn’t need to browse to other pages; a simple click on the asset tab will pop out a small window just above the asset with information by Yahoo! and other sources. These great advantages of 24Option made this company one of the best binary options brokers out there. 24Option has improved since they were founded, the platform has been re-designed, number of assets has increased and staying up to date seems to be their ambition.
Their great customer service makes 24Option a warmer home to Binary Options trader, not to mention the regulation, which is a great great advantage of its own. 24Option allows the traders to invest as much as 50 000$ in one single trade, this means that this broker has no problem paying out high returns. To make things more interesting, 24Option offers prize money (up to 100 000$) to the top traders of the week!
24Option Broker Complaints
In Binaryoptionsthatsuck.com we do the research! We’re looking for broker’s complaints all over the web, checking them out and bringing the results to our readers. What we did is really simple – we searched on Google for 24option complaints or 24options fraud, scams, Etc. you can try it also. It’s unbelievable but we couldn’t find even one real complaint about 24option.
Here’s what we found. First and foremost, there’s an active discussion concerning 24Option on comments section, Complaint and Reviews Center and on Forum. Every complaint we receive is being checked and monitored by the team and I. overall, I feel most negative feedbacks addressing issues in withdrawal are not bona fide. It’s a common reaction comes from either angry or frustrated traders, but doesn’t reflects the truth. Most honest complaints are resolved by the company, so I think it’s fair to say I don’t see major issues here.
Bonus Bonus and bonus ,everyone wants a bonus; at 24option they have a bonus system that I really like: For example, if you deposit 5,000 USD and then receive a 70% bonus (that’s 3,500USD), you have to reach a trading volume of 50 times the bonus (not 50 times bonus + deposit amount like other brokers require). So your bonus will be earned as soon as you reach one hundred and seventy-five thousand USD in trading volume (3,500*50=175,000) An earned bonus is fully available for use in trading and it may be withdrawn.
In most sites they will tell you how to deposit. On binaryoptionsthatsuck.com we are not worried from that option, here the most important part we care about which could also be seen as the most important thing in binary options – Withdrawing your profits. Brokers don’t usually cause problems depositing money, but some binary Options brokers will cause problems withdrawing it.
At 24option there is no maximum amount that you can withdraw (some brokers do limit!), it takes between 3-7 business days to withdraw your profit. Using a Moneybooker speeds up the withdrawal process and the fees will be lower. VIP-accounts don’t pay any fees for withdrawals which is amazing! Just remember that you need to send proper documents due to the regulation before you request your money to be transferred to your account.
Some traders are looking for the extras in each broker, here at BOTS.com we try to think different. This section is about what’s different in 24Option, what makes 24Option different then other brokers.
The Extra’s that we liked the most in 24options are the:
- 5 hour videos – Education is important! 24 options is brining you videos that every beginner will love!
- Free webinars, trade with a pro!
- Real quotes – They are the only company that you trade on real quotes, they use Leverate quotes which is also used by some of the biggest forex companies use like Saxo bank. Etc’
- Highest Limits (withdrawal) – Very important factor that some traders are not aware of, at 24options you will find the highest limits, read more about it in Binary Options Trading Limits.