2010 is the year when 24Option was introduced to the market as well as when a young and ambitious team registered its activity in Cyprus where its first office was opened. Since that time this particular brokerage company has been developing and is now holding a garland of victory among all brokers worldwide with offices in different countries including Russia.
That’s why Russian speaking citizens have got an amazing opportunity to start working with such a prestigious company by opening an account with a broker of an international level. Because nowadays it is more than enough to have a computer and an access to the Internet to begin dealing with increasing of personal funds with the help of online trading. Moreover, all questions can be easily discussed with the broker’s representatives on the phone, e-mail or online-chat on an official Russian web-resource.
24Option Working Strategy
When the broker was created, its main goal was – to let people know about trading binary options advantages, having made this instrument a resource of income which is available for absolutely any trader be it a novice or a professional. The company’s motto is still the same and exactly that’s why it constantly improves its trading binary option technologies which is confirmed by thousands of customers.
At the moment, 24Option is one of the brokers that implements the latest profitable technologies in the working process of binary trading, thus creating new trading instruments and allowing traders build their own trading conditions which let them increase the income.
Despite a huge number of positive reviews and feedbacks about 24Option, the fact that it is one of the leading brokers can also be confirmed by different prestigious titles which the company got for the short period of time of its existence. For instance, only three years after the introduction to the market, the company got a title of the Best Binary Options Broker by a famous publishing house Forex Magnates.
Very often traders face such a problem as fraud and therefore it is a matter of safety to choose a trusted and respected options trading broker in order to protect funds. Because of this, it should be mentioned that 24Options is a regulated binary options broker that has a CySEC license and is consequently controlled by this organization. Moreover, CySEC is subordinated by the European legislation which means that 24Option activity corresponds the highest global standards. As feedbacks and comments show, this factor establishes high level of credibility and trust.
Besides CySEC license, 24Option offices should also get additional certificates in different regions, that’s why offices in Great Britain are subordinated to FCA, in Germany to BaFIN etc. Both of these regulating organizations are known for their high quality standards and strict control.
This particular broker offers a very comfortable platform which is adored by customers. Apart from the comfort feature, we should also mention a wide range of innovative and useful functions.
The platform review should begin with its external part and usability which is by the way one of the best. First of all traders can see a very attractive interface, a scale of colors based on gold and black shades. The interface is user-friendly and doesn’t cause any problems with testing especially if we are talking about inexperienced and beginning traders.
Apart from simplicity and comfort, one more important point should be taken into account – safety of the information. 24Option broker uses safe and reliable cryptographic links which exclude any possibility of data-capture from the side of third parties. Yet not only security and safety of personal information and actions is admired by traders, they also mention the platform functionality that helps to contact technical support, get an access to video materials etc.
There is a number of functions which are aimed at a comfortable perception of trading information. For example, 24Option platform keeps an archive of quotations for the last months which enables to establish a comfortable time period (M1-M30) etc. In simple words, there is everything that lets work with short and mid-term goals.
For a high-quality analysis, clients use a number of technical instruments that allow them to draw borders and channels, arrows etc. Besides, traders who are fond of graphical analysis will be pleasantly surprised by the presence of multiple patterns for determining popular ones as well as availability of Fibonacci instruments etc.
But this is not all that Option24 platform is capable of. Every broker knows how important indicators are for traders as exactly they help to see the trends in price changes. In this regard, 24Option has a lot of technical indicators with the help of which it becomes possible to change standard options and set instruments to personal needs.
24Option Trading Instruments
The list of trading instruments is pretty long and causes only positive attitude from the customer’s side.
– more than 30 currency pairs;
– more than 10 commodities including sugar, gold, coffee, wheat, silver etc;
– non-standard instruments such as gold against Japanese yen, gold against euro etc;
– more than 40 shares of famous international and Russian companies including Microsoft, Apple, BMW etc;
– more than 13 popular indexes including S&5000;
24Option counts more than a hundred assets which lets using diverse trading approaches with risk diversification, positions hedging, fundamental analysis etc.
24Option Binary Options
24Option binary options broker offers four main types:
– Classic options “High/Low” – choosing this type, clients should determine where the price will be within a certain period of time –higher or lower than the current price. Profitability of classic option is around 70%-85%. Besides, there is a more complex variant which supposes higher income – 360%. To get such a profit, a trader has to predict whether the price will be higher or lower at a certain period of time which is established by 24Option experts;
– One-Touch – this is a more popular type of options which is divided into two. The first one (more simple) lets traders receive 75% in case if the prediction regarding the price of a chosen instrument touches the level established by 24Option specialists. The second one is more complicated yet gives a chance to receive 350% payout. The main difference is that the levels are established much further, consequently the possibility of touch is lower which means risks and profitability at the same time;
– Range – here the broker establishes a particular price corridor and if the trader wants to get 70% income, he/she has to determine whether the price leaves the trading diapason; there is a more difficult way where the borders of a price channel are very big. From the one side this is more risky method yet from the other traders get 350% profit;
– Short-term options – at the moment as the practice shows, it is the most popular type of options the expiration time of which is from 30 seconds to 5 minutes. This a sort of classic options with a short expiration time and profitability of 65-75%.
24Option Teaching Process
Every new trader can receive a training provided by 24Option. There exist two possible ways of learning all the materials. During the first one traders use different useful materials which can be found right on the broker’s site including lots of articles, electronic books, video materials etc. The second way supposes regular visiting of webinars. During these webinars, customers listen to experts, ask questions, get to know multiple tips and tricks of financial markets functioning. As a rule, both these ways round each other out. At the beginning clients learn the basics and later improve their knowledge thanks to professional experts by asking questions on webinars.
Usage of a demo-account lets traders learn how to manage separate functions of the platform. Such training regime always helps to get ready for work with real money without making simple mistakes. Yet remember that demo-account teaches you to work only with technical nuances without seeing a full picture of the real trading with its unbelievably fast speed.
This is due to the fact that during the work with 24Option demo-account, there is a complete absence of psychological factor and figures are just figures. Dealing with options trading on a real market with real trading account where every figure shows real losses and profits which bring both pleasure and sadness is absolutely another thing.
As a result, everyone should understand that it doesn’t make sense to keep the demo-account for too long. It is better to work with “real” money even with little investments yet real practice and experience. The main idea is not to earn large sums of money immediately but to be patient and increase the deposit step by step.
And the last point about demo-account – the access to it is given only to those traders who are registered and have a minimum required amount of money on a trading account. Only after these manipulations, it becomes possible to work with a demo account. This is a certain guarantee of customers’ serious intentions for further work with the broker.
24Option Payments & Withdrawals
The way of payments and withdrawals are pretty standard. Withdrawal is done only after receiving an application from the client stating a sum of money and banking information. Withdrawing happens by means of wire transfer, banking cards Visa and Master Card and electronic systems WebMoney, Qiwi etc.
It is impossible to withdraw the money if the verification process wasn’t completed. The site requires scanned copies of any document confirming the personality – passport, driver’s license etc.
And one more important thing – the cost of bank transferring requires an additional commission which can be up to $30. These costs are paid by the broker under condition that a trader doesn’t require more than one withdrawal per month. If the client wishes to withdraw two or more times, he/she will have to pay on their own.
24Option Client’s Support
Experienced traders know that when selecting a good broker, a special attention should be paid not only on trading conditions but also service and customer’s support. The reasons for that are very simple: first of all technical support shows broker’s attitude to its clients. Very often, especially at the very beginning, traders have lots of questions and want to get answers as soon as possible. Therefore, a lot depends on how quick and professional the company’s representatives are.
This broker is mainly recommended to those traders who already have a certain experience of work with binary options. Traders who practice in this sphere will definitely appreciate 24Option advantages, among which high payout rates, absence of commission for withdrawals and a huge range of assets.
24Option has more than a hundred of thousand of constant clients thanks to who it has a reputation of a trusted partner. Its technical support does everything to make traders feel comfortable with all trading operations within the platform. Financial control takes care of transactions safety as well as data safety.
Choosing 24Option, you get an opportunity to start trading without downloading any additional software yet by simply using a smartphone, tablet etc with iPhone and Android OS; a chance to learn educational materials provided by the broker that will help you to learn main tips and trick of binary options strategies; daily analysis of the market as well as analytical materials; fast payments and withdrawals; high profits and minimum risks.
24Option is very famous as it is chosen by lots of traders worldwide because it has a reputation of a trusted and respectable broker. So, why not give it a go?