24Option vs TradeRush

24Option and TradeRush are two biggest names of binary options trading platform. They obtained a firm place in trader’s minds, even with the most experienced ones. 24Option is under the operation of the Cbay Financial Services Limited in Cyprus. Since its official launch in 2010, 24Option was regulated and managed by the European regulatory.
TradeRush is birthed a little later than 24Option. It is also operated in Cyprus in 2011 under the regulated management of Cyprus Securities and Exchanges Commission (CySEC).

TradeRush and 24Option have their similarities and their own unique features to compete each other as well as with other rivals. Let’s take a closer look at them!

24option vs traderush
Platform Type
24option is powered by TechFinancials while TradeRush inherited from SpotOption.

Demo Account
24option offers a demo account.
TradeRush: contains a 3-minute video on the website which provides a comprehensive overview as to how the platform works as well as one day long demo account.

In-the-money Payouts offered
24option: up to 89%; high yield options up to 310%
TradeRush: up to 81%

Out-of-the-money Reimbursement Provided
24option: no payouts for out-of-the-money expiries
TradeRush: up to 10%

Minimum/Maximum Deposit and Welcome bonus

24option: Free registration. To start trading, a minimum amount of $250 has to be deposited. Welcome bonus values at 100% of investment budget.

TradeRush: To start trading, 200$ is required for depositing. The maximum deposit amount allowed per transaction is changeable depends on way of depositing (Credit card – $10,000; MoneyBookers – $5,000; Wire and Liberty Reserve – Unlimited). It is no need to deposit when customers registry.
First time extra is up to $5,000.

Minimum Trade Amount
24option: $24
TradeRush: $10

Maximum Trade Amount
24option: The maximum amount that can be invested on a high/low option is $15,000 and $5,000 other instruments. The maximum amount that can be invested varies from one country to another and between currencies.
TradeRush: $1,500 for all kinds of instruments.

Options Types
24option: High/Low, Above/Below; One Touch – Touch/No Touch, High Yield Touch; Boundary, High Yield Boundary; 60 Seconds
TradeRush: High/Low, Option Builder, Option Pro, One Touch, 60 Seconds

Assets Offered
24option: Offers altogether 36 assets in Commodities, Currency pairs, Indices and Stocks
TradeRush: Offers about 100 assets in Commodities, Currency pairs, Indices and Stocks

Accounts Types
24option: Traders can opt to deposit currencies in USD, GBP, JPY or EUR. Three types of accounts: Platinum, Gold and Standard
TradeRush: An account can be opened in USD, EUR, GBP, AUD, CAD or JPY. Five types of accounts starting from Mini to Platinum are offered.
After registration, currency choice cannot be changed after registration on both brokers

Deposit Options
24option: Credit/Debit Cards – Visa, MasterCard, Diners Club, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser and Discover; Electronic Payment: MoneyBookers, MoneyGram, Western Union, CashU; Wire Transfer
TradeRush: Credit/Debit Cards – Visa, MasterCard, AMEX, Maestro International, Visa Electron, Diner’s Club; Electronic Payment: MoneyBookers; Wire Transfer

Withdrawal Options
24option: The minimum withdrawal amount is $10. Monthly, first time withdrawal is free, $30 is charge for the next one.

TradeRush: Withdrawals have to be executed via the same method of first time depositing. Traders can request to withdraw by email at least $30 if using credit cards or MoneyBookers and $100 if using wire transfer. First withdrawal in a month is free, but subsequent withdrawals are charged at $30 per withdrawal.

Risk Management Tool
24option: Early Closure
TradeRush: Roll Over

Customer Support
Platform Languages
24option: Arabic, English, Korean, French, Italian, Indonesian, Japanese, Romanian, Spanish, Turkish, German, Portugese, Latvian, Danish, Swedish and Russian
TradeRush: English, French, German, Arabic, Japanese, Spanish

24option and TradeRush provide customer service through email, live chat and local telephone in the languages in which service is offered. They are both accept U.S traders for trading on their plat

Security
Both 24option and TradeRush guarantees environment and protect customers’ credit card and payment information through SSL encryption offered by renowned providers.

Mobile Trading:
Both 24option and TradeRush enable mobile trading which is of great help to people who are always on the go.

24option:

It is claimed that 24Option belongs to the group of biggest pioneer brokers that fit well with traders of all levels. Just a quick glance at the quantity of offers, any one could easily confirm that statement. Except on a few of underlying assets, we have nothing to complain about 24Option. A smooth operations combines of a huge options on trading instruments, comfort from variety of banking methods, comprehensive customer caring system and max level of helping new comers has bring them a lot of success in the past 2 years. We really count on their unstoppable efforts in the future.

TradeRush:
Look at above information; it seems that TradeRush lags behind a little more than 24Options. It has no demo account for beginner. It offers less language than 24Options. Number of offered banking methods and trading instruments are also smaller. However, TradeRush stays still as one of the pioneer thanks to its own unique issues. With some offered common instrument, traders are free to make millions trades on 100 different tradable assets. They can also double their returns of one trade by using the Double Up features or maximizing benefits by using the choice named Option Expiration Time. In case out of the money happens, traders can still take back 10% of the investment. Another noteworthy feature that proves the conscience of TradeRush is its design. On the trading screen above payout specified for the asset, there is a delivery of a count-down clock show you how much time is left.

In summary, both 24Option and TradeRush is more than good enough to be in the list of reliable brokers that are recommended. However, each trader has their own opinions in choosing their ideal partner. This article is just another synthesis for reference. A successful investor is the one that know how to take advantage of such articles and making decision up on their financial circumstances, risk aptitude as well as comparisons. We all hope that this article will help those binary options traders as much as possible. Thanks for your time!

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Author: David Wilson