An Honest Review on 24option.com
The binary options market is highly saturated with thousands of broker. Most of the brokers are not regulated. They mostly promise a good service. Unfortunately, price manipulation and withdrawal issues are very common for them. When it comes to choosing a broker, it is very important to check if the broker is legit or not. It is often difficult to choose a trusted broker for a newbie or even for experienced trader. The BinaryOptions Republic is investigated a lot of binary options broker. Please read our 24option review before you decide to invest. We have investigated various aspects of 24option.com carefully.
A brief history of 24option.com
Established Since: 2009
Regulated: Yes, SySEC
Payouts: Up to 100%
Bonus: SySEC prohibited the bonus system.
Min Deposit: $250
Min Invest: $24
Max Invest: $100000
Demo Account: Yes
Assets: USD, GBP, EUR etc.
Accepted Countries: All except USA&AUS.
Mobile trading support
One day withdrawal
Does not accept the USA and Australian traders.
Detailed 24option Review
Is 24option Regulated?
The first thing to look at before choosing a broker is whether it is regulated or not. Regulation under a strong regulatory body ensures the right of a client. Rodeler Limited is the owner of 24option.com, which is regulated by SySEC, operated under license of 207/13. SySEC regulation obliges the broker to safeguard clients funds via segregated bank accounts. What this means is that the client’s funds are kept in a secure account and clients are safe with their invested money.
24option offers huge ranges of assets to trade with. 129 assets are available in 24option.com, which includes indices, tech companies and currencies. Clients have the option to choose from different types of indices such as Dow Jones, NASDAQ, DAX, FTSE, MICEX and TADAWUL. Clients can also trade with the shares of Google, Facebook and Apple. 24option includes a variety of currencies such as EUR/USD, EUR/GBP, USD/JPY and EUR/CHF just to name a few.
Trading Platform and Instruments
In our 24option review, we looked at the platform and instruments of the broker. The trading platform is very crucial when it comes to choosing a broker. The platform can be a big factor in winning or losing a trade. Most of the brokers use the platform provided by Spotoption which is allegedly slow in terms of executing a trade. 24option, on the other hand, is using an own custom made platform. Own custom made platform ensures high reliability, control and legitimacy. The platform of 24option is very responsive and trades are executed instantly. 24option platform offers clients with different types of trading option such as High/Low, One-Touch and No-Touch, boundary, 60s options. The platform and options of 24option make itself very unique from other binary options brokers.
Deposits and Withdrawals
Clients are often sceptical regarding investing and tensed about withdrawals. 24option provides clients with a safe and easy way to deposit in different currencies. Clients can deposit funds via Master Card, Visa Card, digital payment method or through bank transfer. The minimum deposit amount is $250USD/GBP/EUR.
The withdrawal process is surprisingly very convenient for clients. 24option.com offers next day withdrawal, which is highly rare in any other brokers.
Last but not least, customer service is undeniably one of the vital factors. The customer service department of 24option is very friendly and professional. Fast response and 24hours online chat service are very helpful for a trader. Clients can contact the agent anytime whenever assistance is required.
The Republic’s Verdict
The 24option review of The Republic clearly indicates the legitimacy of the broker. It is NOT another Scam. 24option.com is legit and recommended by The BinaryOptions Republic.