24Option Review

24Option Scam Check

Company info: Rodeler Limited and have a headquarters in Cyprus.

Established: 2010

Sponsorship: Juventus Football Club

Regulated: FCA in the United Kingdom, CySEC, Financial Market Authority, CONSOB in Italy, BaFin in Germany.

Trading Platform: Tech Financials

Contact Details: Cyprus +357 25 262 063, United Kingdom: +44 161 960 0200
Email address: info@24option.com.

24Option is one of the oldest binary options brokers and has been trading for 7 years. It has also an impressive list of financial regulators that you can complain to if they do anything illegal.

We have seen some reviews of problems with withdrawing money but on the whole we would say the company is 100% genuine and with its regulator protection you should be covered from fraud and scams.

Scam Free Rating: 90% 

Key Details

  • Demo Account – Yes
  • Minimum Deposit – £250
  • Minimum trade – £24
  • Mobile App – Yes. Android and iOS catered for.

Trading Platform

24Option provides a user-friendly platform aimed at quick trading, as well as a mobile trading app. Traders can choose from four trade types and a complete range of expiry times. These can be as short as 60 seconds, and as far ahead as a week or longer on certain assets.

Payouts will vary based on the asset and expiry time, but the platform does have high payout levels relative to their rivals. The trading area is clearly laid out. Traders are able to select the underlying asset they want to trade, either directly from the list, or by filtering the display down to the class or category wanted, via a drop-down menu. The trading window is always visible, next to the list, and will update as soon as a different stock or underlying asset is selected. The price graph on the trading window can be enlarged, to allow a more detailed analysis of price action.

24Option

PROS:

  • Offers Demo Account.
  • Provides a Signals Service.
  • Mobile app available for both iOS and Android.
  • Offer CFD and Forex as well as Binary Options.
  • 88% Payout
  • Multilingual Support: They offer trading support in multiple languages such as English, Spanish and Italian.
  • 24/7 Trading
  • They offer an education centre for the less experienced traders
  • Copy trading: Follow trades made by successful traders.
  • Regulated by CySec

CONS:

  • The Minimum deposit is £250
  • Minimum trade is £24