24option Broker Review

24option Broker Review

Risk Warning: Your capital may be at risk

Our Review of 24option

An in depth 24option review

24option is an increasingly popular trading site, particularly for those interested in binary options trading. This 24option review analyses whether this broker is an advisable one to use.

Account Types and Opening

Opening an account with 24option is quick and simple, and there are various account types to choose from here, namely Basic, Silver, Gold, Platinum and Diamond. A Diamond account offers the most benefits, such as the highest maximum payout (88%) and perks such as a personal coach, the benefit of the latest research and trading alerts (to name but a few). By way of comparison, the cheapest account, the Basic account, has more restrictions: the maximum payout is 82%, for example, and there is no access to a personal coach. There is also a specialised Islamic trading account service. Once you sign up, it usually takes 24 hours or less for your account to be approved.

Promotions, Sign Up and Deposit Bonuses

24options is a site that offers a generous sign up bonus: this bonus is up to 100% of your first deposit.

Commissions and Fees

Fees will depend on the withdrawal method that you use. If you use a wire transfer then there will be a flat fee of $30. Other methods (such as Skrill or a debit card) will acquire a fee of between 2% and 3.5%. There are various ‘commission plans’ for use with this site, depending on the type of account that you have opened.

Trading Platform Review & Mobile Apps

The 24option trading platform has a classic, minimal look to it with few attention grabbing (or, some might say, distracting) graphics or images. The mobile app is quick and simple to use.

Deposits & Withdrawal Methods and Ease

Deposits and withdrawals can be performed in various ways, including by card and wire transfer and by online payment accounts such as Skrill. One thing that it is important to note, however, is that there is a minimum withdrawal amount with this site: you need to withdraw a minimum of $100 (or its equivalent in the currency that you are using) in order to make any withdrawal at all.

Regulators & Safety: Are they a reliable, legitimate broker or a scam?

As a Binary Options Affiliate, 24option is a relatively reliable broker and it is legitimate rather than a scam.

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