Introduction
24Option was established about two years ago in the British Virgin Islands (BVI). Their trading platform has been gathering a lot of interest lately among traders in the ever-expanding binary option industry. 24Option receptiveness to their clients’ needs have given to rise to new exciting improvements to their trading platform continuously.
Deposit Bonus: Up to 100%
Minimum Deposit: $200
Payouts %: 81
Trading Platform
Like most leading binary option trading platforms, 24Option trading platform is also web based. The design of the website is quite plain and simple. There are no fancy widgets or plugins which you need to download before you can access the features of 24Option trading platform.
Navigation wise, all the required features of the trading platform are clearly laid out and one doesn’t have to search all over the website for links that you need to click on in order to access the features that you require.
In fact, 24Option have made things so simple that any trader can complete a trading transaction with just three basic steps. The first step involves selecting the underlying asset to trade in. The second step requires the trader to decide on the direction of the price movements. The last step is just contemplating the amount to be invested.
Account and Banking Options
24Option do not discriminate between professional traders or inexperienced traders when it comes to opening a trading. Basically, there is just one type of trading account to cater for the entire spectrum of the client base.
As for the payout offered by 24Option, for successful trades, traders can reap a return of 70% to 85%. The exact payout will be shown by the platform once the trader has decided on the type of asset that he wants to invest in. For unsuccessful trades, there is still a refund of 15% of the initial amount invested.
To fund their trading accounts, traders can do it by using:
- Credit Card - CartaSi, Carte Bleue, Dankort, Diners Club, Discover, JCB, Laser, Maestro International, MasterCard, and Visa.
- Electronic Payment System - Liberty Reserve, Money Gram and MoneyBookers.
- Wire Transfer – Need to liaise with 24Option for the banking protocols
Traders have to take note that 24Option require a minimum deposit of $250.
The initial withdrawal of profits will take slightly longer than the norm as one go through the identity verification process. However, once the verification process is done, traders can receive their money within two to three days.