24Options is one of the most renowned and highly professional and trustworthy binary options brokerage firms currently in the market. They have a user-friendly interface with a range of underlying assets you can trade. They also have a highly trained and professional customer support team that is available 24/7 to help you with any inquiries or concern.
24Options gives all investors the opportunity to hone their trading skills before investing by offering a free demo account trading option. All new traders are given free demo account which gives them the option of practicing in a risk-free environment before jumping into real trading. Demo trading is an integral part of the learning process and it is very important for investors who are new to binary options trading. With an initial deposit of $250, 24Option gives you unlimited access to a demo account. Binary options trading using virtual funds gives you an opportunity to learn about the trading platform while improving your trading strategies and skills.
How 24Option Work
You will get a completed and unlimited access to 24Option trading platform after you have signed up, verify and fund your trading account with the minimum deposit of $250. Thereafter, you can proceed to manually place trades on any underlying asset in four major trading categories- stocks, indices, tradable commodities and currency pairs.
Once fully registered, you will be able to view the various binary options trading types available. 24options has hyper options of 60 seconds to long-term LOW/HIGH options. Trades can be executed with a few clicks. All you need to do to place trade is to choose the binary options type, asset, investment amount and the direction you think the value will go- it is as simple as that.
As a user on the 24Option platform, you can monitor all your current open trades and the ones that have expired in the Trade History tab. All these features are embedded on the trading platform itself.
No Download Needed
As long as you have an internet connection, you can access the trading platform from your web browser because 24Options is majorly a web-based platform. Additionally, you can elect to download the trading application on your mobile device which is available for both Android and iOS operating systems. This is one of the most innovative features of 24Options that allows you to trade-on-the-go whenever and wherever you are.
When you register for 24Option basic account which starts at $250, you will be offered round the clock customer support, 82 percent payout on successful trades and professionals charts and tools to work with. This account also gives you access to the basic package of analysis providers at Trading Central. Interestingly, every upgraded account above the basic option gives you a third party Trading Alerts and information on high-value events that might possibly influence your trading strategies. The payout is automatically calculated and you will see how much you will lose or profit even before you execute the trade.
24Option is absolutely free to join and no fees, commission or taxes are required to trade on their platform. However, all investors are to make an initial deposit of $250 which would be used for trading and can be withdrawn at any point in time.
24Option has one of the most efficient and helpful customer service team currently in operation. New investors can easily learn binary options trading through their training department. They also have a wide range of training resources available for all traders either new or experienced.
Customer service is offered in multiple languages and available 24 hours of every day. The customer support team can be reached by live chat, e-mail or phone and they are ever ready to assist you any query you might have.
Scam or No Scam
After doing a thorough investigation and review of 24Options, we can confidently say that they are a reputable platform. Licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), 24Option is NOT a scam broker. The follow strict policies and rules regarding funds’ security and personal data confidentially in accordance with CySEC regulations.