Trusted Broker By BinaryOptionsThatSuck.com
|No. Of Assests :||37|
|Demo Account :||Yes|
|Deposit Options :||C.C., WireTransfer, Moneybookers, CashU, More|
|Language :||16. Including English, Spanish, German, etc|
|Minimum Deposit :||250|
Review Last Updated 2014-03-26 11:33:12
Editor’s Note- Why DOESN’T 24Option Suck in 50 Words
Some Binary Options brokers are just a Scam, some just Suck. 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.
Read More about BinaryOptionThatSuck.com Decision to promote 24Option into our Binary Options Recommended Brokers Shortlist
Why does 24Option Suck in 50 Words
The list of assets is too short. Also the expiry times are pretty lacking for advanced traders. On another matter – Bad news for US customers – 24Option will 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?
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. 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. 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 60 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 expires 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. These assets will also 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 84% in-the-money and up to 15% for Out-of-Money refund. The average returns are 80% and 10% in match. 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 defiantly say that it’s worth it, due to 24Option regulation.
Is 24Option a Scam?
Important Update! 24Option is now Officially Regulated!
As I was saying in the last few words of the first paragraph, 24Option is under regulation by the CySec. 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. 24Opetion 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 hasn’t quite mastered every aspect of the quickly growing industry, and there’s defiantly some room for improvement. The latest binary options brokers provide many advanced trading tools and methods, while other brokers provide a larger amount of assets, and other provide more information about the markets. 24Option trails behind some of those brokers from those aspects, but the simplicity of 24Options platform and the 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 still has a bit of a way to go, but compared to most other brokers in the industry, 24Option has already made a remarkable step towards being the best in the market. We look forward to watching the progress of 24Option.
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 , in 24option they have a perfect bonus system that I really like, you get a bonus 30% , and when you would like to cash out the bonus you get it in steps ,. So let’s say you deposited $100 and you received another $100, now you started to trade and you now have $500, but you wagered the amount only 5 times, and you need in order to have the option to withdrawal everything to wager 20 times (depending on the bonus), now you can withdrawal the amount but according to the use of the bonus, so you can always have the ability to withdraw.
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!), it takes between to 3-5 business days (VIP 1 day) to withdrawal your profit, and this is amazing! You can use wire or Moneybookers, etc.
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!
- 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.
User Friendly 18/20
24Option platform is based 100% web based Tech platform, with no need for any software to be downloaded. 24Option website appearance is far the best I’ve seen so far. The black background with the gold letters design is very modern and elegant. The trading process is simple and very friendly to use. Live information about the asset and other charts are provided within a simple click on an asset and appears just above. The FAQ section and glossary are complete and up-to-date. 24Option website is available in no less than 16 different languages including English, German, Spanish, Arabic and many more.
No. of Assets and Expiry time 17/20
Total of 47 Assets: 19 stocks, 12 currencies (forex), 3 commodities, 13 indices. 24Option variety of assets is average, with room for improvement. The expiry times are good stretching from minutes to a couple of days for most assets, Including 60 seconds.
Commissions, Support and Effective return 18/20
24Option don’t charge any fees or commissions from investors when they first deposit or purchase options. Withdrawals are charged with a 30$ for more than one transaction per month. 24Option support is available via 11 international numbers- in English, French, Italian and Spanish and more or via email. The live chat service was very quick and polite. The effective return is among the high in the industry- 70-89% In-The-Money with a 85% average return for most assets. The Out-of-Money refund is between 5-15%.
Deposit, Payment and Bonus 18/20
24Option Minimum deposit is average – 250$ or 250€. Deposit is available via C.C., Wire transfer, Cash-U, MoneyBookers and many more. Withdrawals are generally available via the same methods, with a minimum of 10$ for any withdraw or 30$ for more than once a month. 24Option usually offer a bonus of up to 30%, however, from time to time 24Option offer great specials and promotions for new and registered costumers.
Website Extra’s 17/20
24Option innovative platform features some new extras. Except of the regular High\Low trading, 24Option has another two more ways to trade- One touch option, lets the trader decide whether he thinks an assets will touch a certain value before expiration time or not, usually for weekend trading. The second extra is the Boundary option for a 75% return if an asset is in\out a certain boundary. 24Option provides charts and information from Yahoo! Finance about each asset in a simple click. 60 Seconds Options and 2 Minutes are also available.
24Option rating: 88/100 + Regulation Factor (+3) = 91/100
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