24Option Binary Option Trading Review

24Option, founded in 2009, is a true binary options pioneer. 24Option is owned by Rodeler Ltd. 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.

Outside the European Economic area, the services of 24Option (24option.com) are offered by Richfield Capital Limited, a company that belongs to the same group as Rodeler Limited and is regulated by The International Financial Services Commission Of Belize (number IFSC/60/440/TS/15-16).

Is 24Option a Scam?

24Option is NOT a scam. 24Option was regulated back on 2013 by the Cyprus Securities and Investments Commission (CySEC). That means that the company takes measures to safeguard clients’ funds. For more Information about Binary Options Regulation see the link provided. As our readers already must already know, there is more than one binary options broker that sucks despite being regulated, but this 24Option review will re-assure you that 24Option is not only a trusted broker, but also a broker that definitely doesn’t suck!

Trusted! 24Option has been rated “Top Trusted Broker” by BinaryOptionsThatSuck readers and editorial team since 2013. Register with 24Option Now!. *Capital can be lost

Basic information:

Online since: 2010
Jurisdiction: CySEC
Software: TechFinancials
Max Returns: 88%
Minimum Deposit: $250
Minimum Investment: $24
Maximum Investment: $100 000
Currencies: USD, EUR, GBP, Yen
Mobile: Yes
Countries: All nations excl. USA & Australia

Very good trading software
60 s option
Excellent customer service
Free signals
Mobile Trading


Doesn’t accept US traders

24Option are an official partner of 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.

Their great customer service makes 24Option a warmer home to Binary Options traders, not to mention the regulation, which is a great feature on its own. In order to start trading clients must deposit the minimum amount of 250$ and the maximum amount varies through the different account types.

Trading CFDs with 24Option

Recently we see a new trend emerging: CFD trading. 24option successfully leads the way in CFDs, offering a well-organized and professional web platform, tailor made for this way of trading. The main principle behind CFD trading is similar to Binary Options (you still have to be right about direction) but a notable difference is that once you’ve decided on a direction and an investment amount, you can keep your trade open as long as you want or close it whenever you choose to.

Staying true to their position as a market leading broker, 24Option are first to introduce Meta Trader 4 (MT4) as a platform for trading FX and CFDs. For a long time, traders have used this charting package to conduct technical analysis before opening Binary Options trades on their broker’s platform but now, thanks to 24Option you can trade CFDs directly from MT4. Of course, if you consider MT4 too complicated, you still have the option to trade on the Scipio web platform but who would pass on the opportunity to use tens of technical indicators and one of the most advanced charting packages for free.

24Option Broker Complaints

Binaryoptionsthatsuck.com do the research for you! 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 feedback’s 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.

As of late, we’ve seen users complain that French and Japanese customers are not accepted anymore. This is due to regulation in those respective countries and it’s actually a positive thing that 24Option chooses to respect the legislation (we’ve seen brokers that continue to offer their services without proper authorization and this only taints their name).

24Option Regulatory Announcements and Warnings

29/07/2016: French regulator Autorite des Marches Financiers (AMF) banned 24Option from operating in France. The authority stated that “In this case, it appeared that the Rodeler Limited provider did not comply, in France, with some of its obligations of providing correct information, as well as acting fairly and honestly, in the best interest of its customers, to the detriment of investors residing or established in France”. See warning – AMF;

24Option Bonus

Rodeler LTD has always been a company that took regulation seriously and tried to comply with all the rules imposed by its regulator, CySEC. Staying true to that way of doing things and following CySEC’s disapproval of trading Bonuses, clearly expressed through Circular C168 (30/11/2016) and Circular C194 (16/03/2017), the Management of Rodeler LTD has decided to completely terminate the offering of Bonuses and other trading benefits.

24Option Withdrawal

Most sites will tell you how to deposit. At binaryoptionsthatsuck.com we are not worried about that, because that’s always easy; here we care about possibly the most important part of binary options – Withdrawing your profits. Brokers don’t usually cause problems when you want to depositing money, but some binary options brokers will cause problems when you want to withdraw.

At 24Option there is no maximum limit on the amount that you can withdraw (some brokers do limit!) and the minimum is 10 USD (very low). The company proceeds with the withdrawals requests without any undue delay. 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.

24Option Extras

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!
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.
Longevity and trust. This is now one of the biggest brokers in the world but also one of the oldest and most trusted.
Free signal package available on the trading platform.
New Addition: CFD trading!
New Addition: Meta Trader 4!

Trusted! 24Option has been rated “Top Trusted Broker” by BinaryOptionsThatSuck readers and editorial team since 2013. Register with 24Option Now!. *Capital can be lost

24Option Ratings

User Friendly 19/20

24Option now offers their proprietary platform, Scipio, completely web-based and extremely intuitive. Users can easily switch between BO, FX/CFD trading and from our tests we’ve noticed a substantial increase in speed of opening and closing trades. Overall it’s an improvement that adds more functionality and value. 24Option website appearance was and remains by far the best I’ve seen and is available in no less than 12 different languages including English, German, Spanish, Arabic and many more.

No. of Underlying Assets and Expiry time 18/20

Total of 131 underlying assets: 61 stocks, 34 currency pairs, 11 commodities, 25 indices. 24Option variety of underlying assets is vast. The expiry times are great; letting the traders choose anywhere from 60seconds, 120 seconds, 5 minutes then every 5 minutes up to end of day, week or month.

Update March 2017: Their CFD offering is formed of 132 stocks, 42 currency pairs, 13 commodities and 18 indices, which is a huge basket that I am sure will satisfy even the most “fussy” trader.

Commissions, Support and Effective return 18/20

24Option don’t charge any fees or commissions from investors when they first deposit or purchase options and the first withdrawal is free. Withdrawals via Wire transfer are charged with a 30$. Gold account holders get one free withdrawal per calendar month but for Platinum account holders every withdrawal is free. 24Option support is available via 21 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 highest in the industry 70-88% in the money with an 82% average return for most major currency pairs (this fluctuates depending on market conditions), but have in mind that investors can lose all their capital as well by trading binary options. There is no Out-of-Money refund but you can close your position from ~2 minutes after purchase up to 5 minutes before it expires.

Deposit, Payment and Bonus 18/20

24Option Minimum deposit is average – 250$/250€/£250/¥50,000 or руб 10,000. Deposit is available via C.C., Wire transfer, Cash-U, MoneyBookers and many more. Withdrawals are generally available via the same methods, with a minimum of 100$ for wire withdrawals. There is no minimum withdrawal amount using Moneybookers. Following CySEC’s disapproval of bonuses, 24Option no longer offers a bonus or other type of trading benefits.

Website Extra’s 17/20

24Option innovative platform features some new extras and now also includes inside platform signals. The signals vary in strength and suggest the direction that the underlying asset is likely to take but expiry time is up to the trader to decide. Except of the regular High\Low trading, recently they’ve added a new giant Extra: CFD trading. In the same category, I can include Meta Trader 4 (free of charge) and the new proprietary Scipio web platform.
Islamic Accounts

All BackgroundsBinary options are traded by people from all backgrounds. It doesn’t matter what country you come from, whether you are male or female, how much money you earn, how good your education was, or what your religious beliefs are. The only rule is you have to be over 18. After that, all you need is Internet access, a willingness to learn and a tolerance for risk. However, most binary options brokers don’t have a suitable offering for one section of the community – Muslims.

24Option is unique in this regard, as it does offer the option of an Islamic account. This gives the hundreds of thousands of Muslims interested in binary options trading the opportunity to get an account and trade with the peace of mind that they are doing it on a platform and with an account that complies with Sharia Law.

It is free to set up and own an Islamic account at 24Option, just as it is free to have a standard account. Nothing about the account could be described as usury. This means there are no hidden charges or rollovers. Commission and interest are not charged either.

In addition, Islamic accounts are available in Arabic to cater to Muslims who speak it as their first – or only – language. The site itself is in Arabic as is the user interface. All the help materials are available in Arabic too, including binary options trading tutorials, ebooks, and more.
Possible Payouts

PayoutsWe found that 24option payouts are a bit to rave about in the meantime as well. In fact, most payouts tend to be typically higher. The payout is between a 70 and 88 percent on successful traders. For most 60 seconds options, clients have made as much as a 70 percent payouts and that’s great for one minute in our opinion.But investors should have in mind that they might lose all their invested capital.

Personal account managers explain to the clients that the payouts will vary and change as new underlying assets enter the platform. It is important to remember that clients might lose their invested capital as well. However, most investors find comfort in knowing that all of the payouts are viewable on the trading platform and this includes out of the money payouts.
Account Types

Account TypesAnother motivational tool during our review of trade efforts with 24option, is their various account types e.g. Platinum, Gold and Standard account.

Platinum account holders generally have access to further features like high/low options, high-yield, boundary, and touch options. They get most update info about latest trends in the market, and they also get personal training session as well.
Gold account holders usually get 2% return on each successful trade that they make and they can also trade all option.
Standard account holders can also trade all options and they can access 24 hours customer support as well.

It helps to understand the depths of each account and which best fits your trading style. We found that the insight offered by the personal account manager team to be very useful in helping clients to decide which route to take as a beginner. The free demo account is a must for anyone on an entry trading level. This account provides the platform needed to familiarize yourself with the basics of binary trading options and without it, many newbies would be lost.

Underlying Assets

With 24Option you can trade Binary Option on different underlying assets such us currencies, commodities such as gold and silver, leading stocks such as BMW and Google, indices that include S&P500, DAX, and NASDAQ.The underlying assets of 24option review are very encouraging and provide great alternatives for various trade levels.

Boundary options are of course a favourite but we’ve found that High Yield options can be rewarding when traded with care. Traders gain a more clear perspective of the platform and its importance and this causes them to be more attentive to the underlying assets and available options. We also found as a positive incentive that 24option presents the option to close early as on online trading feature.
Screenshot of The Trading Software.

Deposit and Withdrawals

The deposit interface of 24option is very simple to comprehend. It’s obviously simple if one who has never traded can do it. In addition to that, it’s fast and very safe to use, you can deposit your funds in GBP, USD, JPY and through digital payment. With all that’s going on in the world today, safety while trading is essential.

Minimum deposit amount offered by 24option broker is 250GBP, USD, EURO, and approximately 25000JPY. There are various methods of funding allowed for online binary trading, like clients can deposit funds by using MasterCard or Visa, Credit card, digital payment method or through bank transfer. The simple process afforded by 24option makes it more enjoyable. The withdrawal standard of 24option is without a doubt more convenient and many other brokers out there.
Customer Service

Customer ServiceIf nothing else we’ve mentioned encourages you to at least give 24option a chance, their superior customer service will win you over at every phase. It is most important to be provided great customer service and this has been our discovery at every phase of 24option. It is essential that we mention the significant number of available languages for 24option. This is a great underlying asset for international traders who desire to trade in their native language.

Although live chat is offered in various languages, this isn’t always possible. Most of the support comes through as English but there is support available in 13 other languages. For any binary options trading queries, 24Option has live chat, email and telephone numbers. This is in order to provide excellent customer service in a prompt and professional manner, anywhere in the world.

Approved 24Option trading platform is easy to use for trading binary options and it provides high returns for traders. It is also CySec regulated and has access to around the clock customer service for any assistance on trading. This all makes 24Option a binary option broker we can highly recommend.

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