24 Option Review
Regardless to the incredible number of participants in binary options brokerage world, only a few of brokers are still prominent due to its professional services. One of them is 24 option, the one that has the biggest reputation among pioneers.
At the time of early 2009 when binary options are entirely strange to most financial investors, 24 option played an important part in this area. Since then, it has never stopped improving and raised its service to higher level. It’s no doubt why the number of clients on this website always much bigger than the one of others.
24 Option Review: Simplicity
When it’s come to stressful trades, we all wish for simplicity as much as possible to avoid unexpected complexities. Since it’s been in this area for a long time, 24 option has built up an intuitive website with a fantastic user interface. It is arranged perfectly so that even the most inexperienced can navigate this system easily for purchasing.
The interesting here is no matter how busy you are with current trades; you have opportunities to prepare for next transactions via a pop-up window, which locates above the asset. It provides you all up-to-date information from reliable financial news agencies as well as general analyst charts.
24 Option Review: Assets & Expiry Times
If you had traded on other platform, you should take notice that 24 option is mainly focus on short term trade. If you want to pair up with this broker, you should get used to with this exciting feature. For example on 60 Seconds Options, which takes you only a minute to reveal a result, all underlying assets are put in order from the shortest to the longest expiry time. This fact really appeals to adventurous high profit investors. However, it’s doesn’t mean that you can’t cooperate with this broker if you are conservative in your trading methods. Thanks to the existence of various instruments, you are able to keep on concentrating on your favorable methods with long-last trade.
24 option is quite different from its rivals. While other brokers try to add as much assets as they could, 24 option only owns a decent range. Therefore, you have to make sure that your favorite assets are available on the list if you want to trade with the one you are good at.
24 Option Review: Profit & Return
Even though we have never suggest you to choose your ideal partner only based on returns rates, it’s clearly that some investors consider this issue as the most important criteria. 24 option offers an average payout percentage at 80% for in the money trades. Out of the money trades also have chances to take back as much as 15% of the initial investment. It’s not in the top of highest returns, but it’s still significant in comparison with other financial market.
Another noticeable factor especially for novices is that the required minimum amount on each transaction is a little higher than usual. You have to invest in larger than or equal to $25. This small barrier is not futile once you sure about your decision because the more money you invest in, the bigger benefit you receive back.
24 Option Deposit & Withdrawal
Normally, required depositing to open up an account of the industry is only about $100, but this quantity on 24 option is up to $250, which causes some hesitation of investors because their portfolios are not enough. Let’s take your time and think carefully about this requirement before deciding to look for another broker with smaller first time deposit. First of all, 24 option is one of the oldest pioneers with the biggest number of trading account. Secondly, it is under regulation and processed by the FSC (BV). Have you realized that it’s better if you invest in a reliable broker with a big amount than deposit in a smaller amount on a broker that has no clear lawful information? Moreover, this amount of money is just transferred from this bank account to your other one so that it’s still entirely your own money.
During our investigation, we haven’t met any trouble with withdrawals yet. After finishing all required information and procedures, you will receive your bank notes in about 3 to 5 days. This requirement is only for the first time withdrawing if you use the same way as depositing. Required information are:
- Official ID with picture
- Proof of address
- If credit card was used to deposit funds: Credit card front and back showing only the last 4 digits.
Another great thing is there is no maximum withdrawal so you can take as much as you want to. If you use wire transfer, you must withdraw at least 100 $/£/€ or 100,000JPY and you have to pay a small fee for intermediary. It’s completely free in case you hold a VIP account.
24 Option Customer Support
Certainly, 24 option couldn’t survive till these days as one of the best services unless there is a conscientious serve of customer supporting staffs. After technical criteria such as platform’s operation, available instruments, underlying assets, etc; the effectiveness of supporting team is the most important fact that keeps faithfulness of investors.
Since there is no better word, we must describe after-sale service of 24 option by the word “incredible”.
24 option is the only one that supports in more than 5 local phones, including Cyprus, United Kingdom, United States, Japan, France, Spain, Italy, Bahrain, Turkey, Romania, Norway, South Africa and Canada. Live chat is also available in many languages in order to avoid regrettable problems because of language barrier. However, you have to use English instead of your local language if you need help 24 hour a days because it’s only available in normal trading hours.
You have another choice of using email unless your situations are urgent.
24 Option Review Conclusion
In spite of small depositing deterrence between this broker and low-portfolio investors, 24 option is still the first choice of intelligent traders because they understand that they can earn incredible benefits from this broker without any fear about safety and other problems. Of course, there are a lot of other binary options out there with a larger range of underlying assets, lower requirements of depositing as well as other good conditions; but we so sure that you will regret of permitting 24 option as your ideal binary options broker.