If you are looking for an advanced trading platform, then you have come to the right place. A favorite among traders, 24option has serviced the novice, even the seasoned players in the financial market. Since it was launched in 2010, it has established itself as one of the most popular binary options brokers in the industry. Behind this trading platform is a team of professionals that are always on track of the latest developments and trends in the trading market.
Our Staff’s Review
Simplified trading platform
Upon reviewing 24option, we find the interface to be not that complicated and rather simple. Probably because it is ideally created for beginners in trading so they won’t be overwhelmed or turned-off with complex systems. Most brokers use the High/Low for standard options trading but with 24option, they use a more direct approach by using minus and plus on their buttons. It’s actually a lot simpler since prices go down and up hence the minus and plus symbols. Users can also use of the multiple views so they can select the option that they find to be the easiest.
Practice trading with a demo account
What we loved about 24option is that they allow signing up for demo accounts once they deposit a minimum of $250. Trade amounts can go for as low as $24 and the maximum amount per option vary according to the chosen account type. The Early Closure feature is also a good way to eliminate your loses in cases that the market prices goes against you or to lock your potential payout, allows investors to close their trades earlier than the expiry date. The catch of course is that not all your trades will be returned but it less damaging than losing all of your investments.
Variety of payment methods
For payments, 24option supports a number of methods such as redit cards (Visa and MasterCard), Discover, Switch, JCB, OKPAY, Bank Wire, Wire Transfer and Skrill. Most of the payment options that they offer are within industry standards so adding funds to your account won’t usually be a problem as you have a choice of trusted payment schemes for making a deposit. Withdrawals won’t also be a problem because they also support a number of options for you to choose from.
Detailed trading tutorials
They offer a videos on how to use their platforms but this is replaced with detailed instructions that are advantageously placed on the each page so you certainly won’t have any problems in trading. The resource center is also very informative and educational especially for novice traders as it has a comprehensive glossary so they can easily be familiarized with some terms and words that are needed in trading. What’s even more educational is its tailored training system for those who want to learn more about trading. This is done via chat.
Multilingual customer service
When it comes to customer support, our review of 24option shows that it has a live multilingual chat feature that supports different languages such as English, French, German, Italian, Japanese, Spanish, Russian, Arabic, Portuguese, Swedish, Danish, Dutch, Finnish, Norwegian and Polish. They can also be contacted via phone, email and live chat in case you prefer this option.
With top-notch technology to boot, 24option is easily accessible to traders of all calibers. Add to that a roster of highly-qualified account managers who are able to help you with any query you might have. They have an innovative trading platform, free education sentence and a demo account (upon minimum deposit) to practice different strategies. 24option helps investors to expand their trading journey with binary options and CFDs trading.