24Option Review – Good Broker or just Plain Scam?
You came across this blog post because you wanted to know if 24Option is a legit broker. I know some binary options brokers are just scam and some do just suck. In this 24Option review, I am going to go in full detail so you can make the right decision.
First let’s check out the history of this broker…
24Option Review – The Company
This is one of the older companies to launch in the binary options broker world. Founded in late 2009, they were one of the first companies to have a fully web-based TechFinanciels platform.
The platform was slow to gain traction in the marketplace, but it was very smart. It provided many investors with proper and simple tools needed to trade options.
The main thing that makes 24Option’s trading platform unique is the way it’s arranged from shortest expiry time to the longest.
24Option – Assets and Trading
Because 24Option is an older company, they have a ton of assets to choose from and several other trading types.
Let’s take a look at their assets:
Overall Assets: 110
- 30 Currency Pairs
- 11 Commodities
- 19 Indices
- 50 Stocks
Overall, they have 4 Trade types:
- Classic Binaries
- One Touch
- Short Term
Trading Accounts in 24Option
You have 4 different options accounts to choose from with this broker.
Standard Account – There are no restrictions to type of assets traded, 24 hour customer support and max pay-out of 83%.
Gold Account – It has all the benefits as the standard account plus you earn 2% extra on their investments plus one free withdrawal per month.
Platinum Account – This has the same benefits as the standard and gold account plus additional 4% per trade, unlimited free withdrawals and a max pay-out of 89%.
Diamond Account – This has all the benefits of the first 3 accounts plus additional 6% per trade.
The minimum deposit with this broker is $250 (Which is more on the high side). Even if you want to open a demo account, you still need to make that deposit.
When it comes to customer service, they are one of the best. They support 17 languages. There are also several phone numbers you can choose from which are totally tool free.
You can also do a live chat with them or email them.
24Option Review – The Verdict
Overall, 24Option is far from a scam and here is why…
They are fully licensed and regulated broker by CYSEC. They are a very reputable broker in the industry.
They are a member of the investment compensation fund (20,000 Euro in Protection).
The only downside to them really is you have to make a deposit of $250 before you can trade even as a demo account.
Overall, we have used them and they pay out on time. On average we get our payments within 3-7 days.
Once you do through that link, we will send you some bonus training and special support groups to take this business to the next level. We have 6 and even 7 figure earners in our groups just to let you know. We really mean business.
I hope you enjoyed our 24Option review and please comment below about your personal experiences with the broker.
-Jesse Singh & Sean Agnew