We recently conducted a poll on this Binary Options Weekly Facebook Page asking binary options traders which trading platform they preferred. We were quite surprised to find out that over 70% of the voters chose 24Option.
While 24Option winning the poll didn’t necessarily surprise us, the margin of victory did. The next closest competitor was TradeRush with a little over 15% of the vote. So what is it about the 24Option trading platform that resonates with binary options traders…here’s what we discovered:
24Option Review Educational Resources: One area that 24Option gets roundly praised is for their binary options trading videos. The constantly updated video library covers everything from basic account setup to more advanced trading strategies. So no matter what level trader you are they have a video for you. You can access the 24Option video library by clicking on the link below: 24Option Video Library – Free Access
24Option Review Withdrawal Speed: 24Option offers some of the shortest withdrawal times in the industry. Traders say they typically receive withdrawals on average in 2 business days. Compared to some other binary platforms where traders can wait up to 10 business days for withdrawals, 2 business days seems like a snap!24Option Review Demo Account: Over the last year or so most binary options trading platforms have gotten rid of free demo accounts as they typically take up too much memory and slow down overall platform performance. 24Option is one of the few platforms that offer free demo trading accounts for new depositing customers. Demo account access comes in very handy when trying out new strategies. Check out the 24Option Demo Account.
24Option Review Trading Types: Like most platforms on the market, 24Option offers a variety of trading vehicles, most notably High/Low, 60-seconds, Boundary Options, and One Touch Options. However one area where 24Option differentiates itself is in High Yield Touch Options. High Yield Touch Options work in the same manner as regular One Touch Options, the platform specifies a high and low target and offers a return should the asset ‘touch’ or ‘not touch’ the specified levels at any point prior to expiration. For High Yield Touch Options the target levels are wider for the Touch targets but as a consequence the winning returns are much higher, yielding anywhere between 200%-350%.
The New 24Option Binary Options Trading Platform
24Option – The best binary options broker?
Trading Platforms
The trading platform is completely web based – hence no download is required and you can immediately start to trade without having to spend much time with installation. Mobile trading with iPhone, Android and Blackberry is also possible besides web trader. The very special thing about 24Option platforms is the very easy usability.Overview of 24Option
Payout: up to 85% in case of a profit, up to 10% in case of a lossUnderlying assets: currencies, stocks, commodities, indices
Number of the underlying assets: 55
Trading Functions: High/Low, One Touch, Boundary
Minimum deposit: $250
Demo account: Yes
Trading functions and payout
The payout is for many traders the decisive factor and the good news is that it is very high at 24Option. Not only 85% return for options in the money is possible but also 10% will be credited in case the option will not be in the money for most options. In terms of payouts, there are much worse brokers and 24Option is without a doubt one of the best offers in the market – another reason why this broker’s popularity is always increasing.
Another reason is the numerous trading functions that can be used. Besides the classical High/Low options, which is actually the core of binary options trading, there are many more and usually more risky options which can be traded. In case of High/Low options, you should decide if the rate will be higher or lower at some time in the future. There is nothing innovative about this. The real innovative one is the Above/Below version where the investment can be even quadrupled. However, in that case, you need to guess how the price will develop and not only whether it will be higher or lower at a predefined time in the future. So, in this version, you can guarantee a higher earning at the expense of a higher risk.One Touch Options are also available at many brokers and relating to them, 24Option has also included a risky variant called High Yield Touch. In the case of One Touch Options, you need to decide whether the rate will reach a certain price or not. With One Touch the price will be reached and will not be reached with No Touch. With High Yield Touch, the price is expected to reach in both directions. It is not very likely and therefore the return is very high. Especially in volatile markets this option is worth considering.
24Option offers something which surely not every broker can offer via Boundary Options, where it is decided whether the price moves between the boundaries or exceeds them (Out of Boundary). High Yield Boundary is very similar to High Yield Touch and it is again the risky version where the price boundaries should either exceed the two directions or should not exceed.
24Option demo account
As one of the few brokers (at least at the moment), 24Option offers a free demo account. It’s free; on the other hand there is one condition to use it: you have to deposit at least $250. This frightens many people, BUT: you are allowed to withdraw that money anytime. Apart from this, you should simply have some money ready if you really want to trade with binary options. Whether you already make a deposit now or later does not play any role. A demo account without a deposit would be preferable for most traders of course; therefore this point is the only deficit which can be found at 24Option.Deposit and payout
At 24Option it is possible to make the deposits in various ways and therefore every trader can find a suitable payment method. For example: Wire transfer, credit cards (Visa and Mastercard), Skrill and Liberty Reserve. 24Option will certainly extend these possibilities in future. The funds will be credited immediately except for the wire transfer where it takes a little longer. The minimum deposit is $250.Mobile Trading and Apps
Although the mobile trend is still relatively new, 24Option has managed to offer an excellent web application, which works in all systems. No matter if you want to trade with iPhone or an Android smartphone, you can trade at 24Option directly in your browser without having to download an App. When you visit 24Option with your mobile phone, you will notice that you’re directed to another site than you would be if you connect with your PC. Thereby a Web App is handled which is suitable for all mobile phones. In short, it would not work any better!24Option Bonus
24Option offers sporadically a bonus, whereby it’s handled with irregular actions instead of a constant bonus. On the other hand, bonus concerns mostly only traders who can afford a higher deposit. At the moment, one gets for example 70% bonus for a deposit between $5.000 and $10.000. Above $10.001 the bonus amounts to 85% – which is equal to around $8.500 bonus. The bonus needs to be turned over at least 50 times before it can be withdrawn. This kind of aggressive bonus offer is of course very interesting but it is only for “High Rollers”.Conclusion
24Option is part of one of the largest binary options trading companies along with OptionFair. This broker does not make use of a white label trading platform and is providing its own platform. You will see the advantages of this platform right from the beginning. If you like black as color then you will get used to the unique 24Option identity with black backgrounds and gold fonts. And if you’re also a slightly advanced trader you will just love this broker and there’s no reason why you should not sign up.Binary options broker 24option review
24option is definitely one of the best binary options trading platforms. It has been founded in London in 2010. In a short time has become one of the most frequently used platforms. The reason? It is simple and intuitive, it responds immediately to orders, has a wide range of assets on which you can trade and presents the most comprehensive schedule of short-term maturities at 60 seconds 120 seconds and 300 seconds. As soon as you register you immediately have the feeling of knowing how to use it, as it is been designed in such a way that everyone can learn to use it quickly and intuitively. It does not require any download as it is a web-based platform, and therefore liable to windows, mac and all kind of OS users. If you want to use it in fact is enough your browser: safari, chrome, firefox, explorer, etc. The 24option training center is well stocked and you can have access immediately to many training videos that can be watched without any initial deposit. 24option consultants are really good and helpful and can guide you both to take your first steps in this field, than to make you become an experienced trader.
echnical Features of 24option
Platform: Tech Financial Platform
Markets for which you can do trading
Currencies (Forex): Yes
Commodities: Yes
Actions: Yes
Index: Yes
Pair Options : Yes
Types of trading:
High / Low: Yes
Touches or Not: Yes
Interval:
60 seconds: Yes
120 seconds: Yes
5 minutes: Yes
10 minutes: The
15 minutes: The
30 minutes: Yes
60 minutes: Yes
end of the day: Yes
weekends: Yes
end of the month: Yes
Demo Account: Yes, on request after first deposit
Information on the Market Trend: Yes
Training: Yes (free weekly webinars, ebooks, training videos)
Minimum deposit: $ 250 / €
Minimum amount for trading: $ 24 / €
Free withdrawal: 1 for month
Maximum amount for each transaction: $50.000
The platform is available in the following languages: Espanol, English, Italian, Francais, Portugues, العربية, Dansk, Indonesia, 日本語, 한국어, Latviesu, Romana, Русский, Svenska, Türkçe.
So what is it about the 24Option trading platform that resonates with binary options traders…here’s what we discovered: binary options demo account
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