24 Option Review
Assets: Currencies (11), Commodities (3: Gold, Silver, Oil), Stocks (9), Indices (13). While there are over 35 assets, this is a tad below the current average for most binary options brokers.Minimum Deposit: $250.00.
Payout Rates: Up to 85% (89% for VIP accounts)
Deposit Currency: US Dollars, Pounds Sterling or Euros
Profitability: 24option’s payouts range up to 89% on a single trade (with VIP accounts)
Option Refund if Out of Money: 24option does not offer refunds, but does have a buyback option where a customer can withdraw his trade before the expiry and receive a limited return of 15% for out of the money.
USA Traders Accepted: Yes
Platform: 24Option is 100% web-based on the OptionFair platform. Traders do not have to download any software.
Usability: The 24option platform is available at your computer or on your mobile device. 24option offers a number of useful features that will assist you in trading binary options efficiently, including the Asset Index that spells out all of the details of each underlying asset. The Early Closure is an additional nice feature.
Fees: None. The withdrawal fees are a bit rich - due to bank charges. The fees for wire transfers, credit cards and electronic wire are $30 each.
Rebates: Yes. 24option constantly has a variety of promotions that change all the time.
Minimum Contract: Depends on asset.
Expiry Times: As little as 60 seconds, 5 minute, 1 hour, 1 day and 1 week expiry times. These are above average for the binary options industry.
Customer Service: Customer service is 24option’s highest priority. Each trader receives their own personal account manager. What really sets 24option apart is its comprehensive education center. There you’ll find a trader manual, an introduction to the markets, strategy tips and a video center. Video topics range from how to trade binary options to portfolio management tips. The best part is, all of this education is free!
