24option Video Review
Based in Cyprus, 24option is binary broker which is a strong favourite among many binary traders today. This is largely due to the fact that this broker is a proactive broker that offers many incentives to its traders on a regular basis. It is not uncommon for traders to regularly find 24option offering cash prizes running into thousands of dollars for their monthly trading competitions. Formerly owned and managed by CBAY Financials, 24option today is under the management of a different holding company called Rodeler Ltd since late last year. The broker is still regulated and licensed by the Cyprus Securities Exchange Commission (CYSEC) under the license number: 207/13.
Trading Platform
The trading platform offered by 24option to its traders is one of the most innovative trading platforms around. While most binary brokers rely on the two leading third party trading platform providers such as SpotOption or Tradologic to supply the trading engine, 24option has chosen to take a different path by using the trading engine supplied by Tech Financials. The end result for traders is a unique trading experience in safe and secured trading environment.
Mobile Trading
Mobile trading is also extensively supported by 24option. With a secondary website optimized for smartphones and other mobile devices, traders who are constantly on the go can also easily access their accounts, check the markets and make trades without having to use a dedicated computer.
Trade Types
There are four main types of trading contracts offered by 24option. These include:
Consist of Above/Below and High/Low options
One Touch Binaries
Comprises of Touch/No Touch and High Yield Touch Binaries
Boundary Binaries
Include Standard Yield and High Yield Boundary Options
Short Term Binaries
Binaries with short expiry times ranging from 30 seconds to 5 minutes.
Trading Accounts
Opening a trading account at 24option is easy. Traders just need to make a minimum deposit of $250 when they sign up with 24option. As for the types of trading accounts, 24option offers traders a choice of 4 different types of trading accounts, Standard accounts, Gold accounts, Platinum accounts and Diamond accounts.
24 hours customer support
Max pay-out is 83%
Apart from all the benefits of a standard account, gold account holders also earn an extra 2% on their investments + 1 free withdrawal per calendar month
Platinum Accounts
Benefits of standard and gold accounts plus an additional 4% per trade unlimited free withdrawals
max pay-out is 89%
Benefits an additional 6% per trade unlimited free withdrawals
A free demo account facility is also provided but traders are required to place a deposit of $250 first before they can gain access to this facility.
As for the returns offered by 24option, their rates are one of the highest in the industry with a maximum payout of 88% for in the money trades. Out of the money trades are also entitled to a rebate of up to 15% of money invested.
Asset Index
With more than 100 different types of underlying assets, 24option asset list is one of the most comprehensive that we have ever seen. Considering the fact that there are 4 main types of trading contracts, this meant traders have extensive choice of trades that they can make.