24option is one of the world’s leading Binary Options providers with clients across the globe enjoying the simplicity of its services. The company was founded in 2010 and is based in sunny Cyprus where it is regulated to European standards. 24option not only offers its clients access to one click binary trading, but also covers other markets including oil, gold, stock, and a number of popular indices.
When you first deposit with 24option, you will be given a bonus of up to 100%. The amount of this bonus varies from time to time and the best thing to do is to sign up for an account and speak to your designated account manager to get the best deal.
24option’s trading platform is a typical web based binary options platform that is simple and easy to pick up, even by traders that have never used binary options. Simply choose the asset you want to trade, the expiry of the option, the value of the trade and whether you think the price of the asset will go up or down.
The trading platform is available in a number of languages including English, French, Portuguese, Arabic, Italian, Japanese, Spanish, and Turkish.
The main disadvantage of using a binary options platform over an out and out forex trading platform is that it can be considered TOO simple for some. You don’t have access to charting and technical analysis packages and there aren’t really many features worth mentioning. This is done as part of the design though as binary options are supposed to be extremely easy to use and therefore the platform needs to be clutter-free.
The payout on offer by 24option is dependent upon the trade in question. It can vary from 70-89% and Forex tends to be nearer the top of that range. Before a trade is confirmed, the platform will tell you the return that will be given to you, if your option expires ‘in the money’.
The base currency of operation is USD; however, traders can choose to open their account in EUR, GBP, JPY or RUB as well. Once the option is selected at the time of account opening, it cannot be changed.
Customer support at 24option is provided diligently through:
Telephone: +44 203 693 8656
Fax: +44 203 150 1587
Customer service: +357 25 262063
Wide range of excellent trading bonuses and benefits
Intuitive and unique trading platform
A wide number of markets covered
Very big education center with e-books and videos
Access to demo account requires a deposit of $250
24Option provides a trading experience that is straightforward for anyone to use, both the beginner and the experienced trader.