24option Review: A Bonus and Trading App To Boot
The stated mission of 24option is to provide traders with an easy-to-use platform for investing in binaries that makes the process of trading as simple – and profitable – as possible. The broker aims to achieve this by providing its clients with an intuitive trading platform designed with hi-tech technology that is geared towards novice and professional traders alike. Founded in 2009, the Cyprus-based binary options brokerage is owned by Rodeler Ltd and offers investors a variety of assets to trade, including stocks, indices, commodities and currencies. An enticing bonus and robust regulatory backing should make this broker appeal to novices wary of scam operators. This broker provides a safe and transparent place to invest. Realmoney.co.uk takes an in-depth look at the key essentials of the 24option offering.
.Bonus Up To100%*T&Cs Apply
Trade Shares, Indices, Commodities, Forex
Free unlimited demo trading platform
Advanced technical analysis tools
Real-time live streaming quotes
£24 Mobile App Bonus
There are a variety of incentives available to investors interested in trading on the 24option platform. Notably, if you make a mobile application to open an account you are eligible for the 24option bonus. After you make an application for the 24option bonus, £24 will automatically be credited to your account. Still, the 24option bonus and its profits are not eligible for withdrawal until a deposit is made and the terms and conditions of the offer met. The broker also offers various bonus incentives including an iPad and MacBook with the offers dependent upon the size of the account deposit and the level of trading volume generated. Such enticing bonus offers are in stark contrast to the deals offered by shady or even scam brokers operating at the fringes of the industry.
World Leader in Binary Options
This review found that this is a broker that clearly has ambitions to become the go-to place to trade binary options. This is a portal where you can trade Forex along with a range of other major asset classes. The premise of any binary option is that the trader knows in advance exactly how much he or she can win or lose before placing a bet. If you successfully predict the direction of an asset you win a guaranteed profit while if markets turn against you, losses are limited, unlike with leveraged instruments that expose investors to potentially huge losses. The broker offers options on all major stock exchanges, major currencies, commodities and global indices. This provides traders with access to round-the-clock trading. In total, there are 104 instruments available to trade. The broker doesn’t exact a spread on trades and there aren’t any account management fees. With a minimum trade size of £24 the platform is accessible to complete novice binary traders.
BREAKDOWN BY NUMBERS:
- Up to 2,000 CFD instruments available
- Leverage – up to 1:294
- Risk management tools, manage risk
- Fund account with as little as £100
- Educational resources
- Established in 2008
When you open an account with 24option you can choose between four different categories of options to trade: high or low, one touch, boundary and short-term options. These instruments allow traders to place a variety of binary option bets. Traders using the platform can navigate between the different asset classes or even make a combination of trades that can include a major US stock such as Facebook or the GBP/USD currency pair. A trade can be made with an expiration time as short as 30 or 60 seconds, two minute or three minute periods.
Handheld Binary Trading
As a broker specialising in real-time, anytime trading, 24option offers an intuitive mobile trading app that offers users live access to financial markets. This review found that the app has an elegant design, offering instant order execution, streaming live data and unlimited access to financial instruments to trade. Users can scroll between screens that enable them to pick an asset to trade, choose whether an asset will go up or down (users click on a red downward facing triangle to bet on a price or a green upward facing triangle to bet on a price rise). After choosing the price direction users can input the size of the trade in an investment amount screen. The ‘my open trades’ screen enables users to monitor their open positions on their handheld device. The app is distilled down to the key essentials for making trades on the platform and is devoid of unnecessary clutter.
Plus500 Online Trading App:
View your balance, equity and margin
Real-time streaming quotes
Fund account by credit card, PayPal or wire transfer
Multi language support
Trade Like a Charting Wizard
As a broker that is reaching out to as wide a pool of traders as possible – far beyond those inhabiting the traditional investment market terrain – 24option offers new users a variety of educational tools. These include webinars catering for beginner, intermediate and advanced traders. These courses give an introduction to binary options before explaining various strategy-based trading systems, ranging from trend analysis to market analysis systems. The broker also offers users an interactive e-book covering topics such as mobile trading, trading psychology, market analysis and trading strategies. A downloadable e-book is also available providing a comprehensive guide to trading with binary options. In addition, 24option offers users access to Trading Signals, a package that provides alerts on major currency pairs, stocks, indices and commodities. The free service has a reliability meter that attempts to gauge the strength of trading signal.
Deposit £250, Open Demo Account
You can practice trading on a demo account. However, you’ll need to make a minimum deposit of £250 to verify your account first. The demo account provides exactly the same trading experience as the broker’s real money account providing an opportunity to familiarise yourself with all the key trading functions. The demo account provides users with an opportunity to test drive the different binaries available without any financial risks. Still, if you find that you are a trading wizard in demo mode, make sure your success is a result of implementing a professional trading strategy rather than going on gut-feel. Otherwise you risk suffering substantial losses when luck turns against you and real money is at stake. Predicting the direction of financial assets in the short-term is a skill that can require detailed knowledge of the markets.
Safe and Secure Trading
As a broker that falls under the supervision of the Cyprus Securities and Exchange Commission (CySEC), 24option provides its clients with a safe and secure place to invest. The broker safeguards client funds in a segregated bank account as part of its regulatory compliance procedures. Ensuring that your broker provides such security for your funds is mandatory to guard against the risk of being defrauded by a scam firm. The broker also offer e-mail and live online chat customer service. If you want to speak with a customer service agent you can call the broker on +44 161 960 0200 or write to a postal address that is on the 24option website. Such a wide range of customer service options contrasts starkly with some of the rogue firms operating at the fringes of the industry.
- Live Chat:Yes
- Contact form:Message Service
Payment MethodsMaestro, Visa, American Express, MasterCard, Skrill, PayPal, giropay and more.
A Platform Letting You Make Each Second Count
If you are contemplating experimenting with binary options or wish to deploy the instruments in a more active trading strategy, this review concluded that 24option offers a transparent portal to begin your trading experience. When you visit the website you’ll be invited to join the world’s leading binary options broker and the educational tools available demonstrate that 24option is keen to attract as wide a pool of traders as possible. The 24option bonus for opening a mobile app account is enticing and the platform doesn’t require a high deposit. The platform could be used as a way of experimenting with short-term trading to see if your portfolio may benefit from speculating on such market fluctuations. The elegant and intuitive mobile app and trading analysis tools make for a complete trading experience. It would be difficult to ignore the 24option offering if you are considering taking the plunge and adding binaries to your portfolio. Many binary options brokers are highly accessible offering a low minimum deposit to set up a trading account. 24option is no different in this regard, with a minimum deposit of just £250 to open a demo account is far from prohibitive to traders who’d rather just dip their toe in the water with a demo account first. This is a platform that is designed for all levels of traders but only the very best will succeed.