Are you familiar with Binary Option trading? Well in case, if you haven’t heard about Binary Option trading, then let me explain it to you, Binary Option trading is a new of doing trading. In Binary Option trading there are not many complicated rules or terms and conditions, which are involved in traditional trading ways, you don’t need to pay commission or any kind of extra money to a third party.
In Binary Option trading, there are two options available ‘High’ or ‘Low’, ‘Up’ or ‘Down’, so you just need to select one of the conditions depending on the scenario.
For starting a trade, first you need to pay a deposit money, after that you have to do a small investment, the expiry time can be short as 1 minute, so you don’t have to wait for one month or a week, to see the results. For example, suppose an investor is investing in gold and has selected an expiry time of 1 hour, now according to him the price of gold is going to increase. After one hour, if the price of the gold really increases since the starting point, the investor gets a predefined bonus along with the invested money. But, if that doesn’t happen, the investor loses the money he invested.
24Option Review – Read This Before You Trade:
24 Option broker review:
For doing binary trading users can just select from several online brokers, but out of those hundreds broker available, which one is the best? Which one is safe and reliable? All these kinds of question are obviously going to come in your mind, so if you are new to binary trading then you can start with an online broker which has been the top online broker in Binary trading industry, 24Option.com has been at the top since its launch in 2011. 24Option online broker can be regarded as a legend of online broker’s sites
24Option offers bonus returns up to 89%, the company offers the most number of currency pairs that you will find offered by any online broker. A trader can choose from 100 of assets offered by the site. The site is regulated by Cyprus Securities and Exchange Comission (CySEC), which is a reputed & authorized agency.
24Option also allows users to trade from their smartphone, for Android and iOS users, applications are available, which can be downloaded from their respected app market. So users don’t need to carry a laptop or sit front of the PC for getting information and monitoring the market, 24Option broker offers the same of kind of services in the mobile application also. The site is the official partners of two football teams, including the famous FC Juventus.
Asset that can be traded in 24Option Broker:
Currencies: 24Option Broker site offers trading in the maximum pair of currencies of major currencies, like USD, Euro, to name a few.
Commodities: Users can choose to trade in commodities like Gold, Silver, Crude Oil, etc., are some of the few names.
Stocks: Users can trade on stocks like Google, Apple, BMW, Dell, and much more.
Indices: Indices like NASDAQ, DAX, etc, are also available for trading.
Types of accounts offered by 24Option online broker:
When it comes to account types, 24Option broker makes sure that even a pro or amateur investor can start using their services without much hassle, 24Option, as of now offers five types of accounts, and like other online brokers, 24Option broker also uses the same policy, the more premium account you choose, the more features you get, the name of the various account types offered by 24Option is mentioned below:
Standard account: This is the lowest premium account offered by 24Option broker, users need to deposit an amount of $ 250 to start trading, and the minimum investment amount is $ 24. Using the standard account, users can get returns up to 83 %. The standard account is for the amateur, who doesn’t know much about binary trading, and want to give it a try. 24Option also offers free upgradations, so users don’t need to pay any kind of extra amount to upgrade their account.
Silver account: The silver account is for those who have gained a little bit of experience in binary trading, to get a silver account, the users need to pay an amount of $ 2000, users can get returns up to 83 %. 24Option also offers the first time withdrawal for free, users also get a personal training session and free alerts.
Gold account: To get a Gold account, you need to pay the amount of $ 25,000, and the minimum investment is $ 48, Gold account users can get returns up to 85 %. A personal guide is given for providing tips on how to invest and to do management planning. Withdrawal charges are charged only once per month.
Platinum account: To get a platinum account, users need to deposit an amount of $ 50,000, and have to do a minimum investment of $ 120, premium account holders are not charged for their withdrawals, they also can get a return up to 87%. Premium account holders can trade live with masters, access webinars of experts, Forex trading and much more.
Diamond account: From the name, you can understand that this is the most premium account offered by 24Option broker. The diamond account basically gives you access to all the features offered by 24Options, for getting a diamond account, users need to talk to their account manager, because the24Option broker site has not set any kind of specified amount, the minimum investment, however, is $ 480, and users can earn up to 89 % returns, diamond account holders also get free FC Juventus tickets and other high exposures.
Demo account: Whatever category you choose, especially if you are an amateur, to give you understanding of how binary trading is done in the actual market, 24Option broker offers a demo account that allows you to understand and give a real experience of the binary trading, not only this, the free demo account allows you to gain experience, but it also makes you learn skills for gaining success.
Pros and Cons of 24Option Online Broker:
Pros
- The 24Option is the most reputed site in the binary trading industry.
- Offers great Educational materials for newbie and pro users.
- The site also offers a good amount of investment.
- Users can trade on a wide variety of assets like stocks, commodities, currency pair, and indices.
- The bonus returns can be as high as 89%, which is one of the highest, offered by any online broker.
Cons
- The minimum investment is quite high if compared to other sites like IQ Options which offers a minimum investment of $ 1, whereas, 24Option broker offers a minimum investment of $ 24.
- This is kind of astonishing, the site which has been at the top of Binary trading industry, doesn’t take users from the USA.
Maximum Payout: 24Option broker offers a very high payout, the payout ranges between 70-89 %, which is one of the highest amount offered by an online broker. Just think about it, an investor can earn up to 70% profit within a duration of 1 minute, which is pretty great especially if you are a newbie. Suppose you invested $ 100, you can win up to $ 70 + $ 100= $ 170.
Educational Center: As mentioned before, 24Option online broker provides a good amount of study material like tutorial video, eBook, informative tips, and interaction with an expert in a Webinar.
Customer Support and Guide: The customer support service offered by the 24Option is one of the best customer support you will find, investors of various countries can contact them by calling at their local numbers. If you can’t connect with them using their local numbers, then you can also use their another feature which is the live chat, you can get your queries answered using the live chat feature for free.
If that also fails, then you can easily contact them via sending an email, and get your queries cleared, the 24Option Broker customer support is available 24/7, and they also react to queries in a short amount of time.
The guide offered by 24Option Broker is must read for every new trader, who is new to Binary trading, the guide offered includes a step-by-step guide, using the step-by-step anyone can understand and make themselves familiarize with the various with the available features and options offered by 24Option broker site.
Deposit and Withdrawals: User can deposit their funds in GBP, USD, and via other online payment services, the lowest deposit amount offered by 24Option Broker is $ 250, which is for the standard account. Various funding methods are allowed by 24Option Broker for binary trading, users can deposit their money using Visa or Master card, bank transfer, or any kind of digital payment. Withdrawals done by 24Option is one of the best withdrawal services offered by any online broker site, the withdrawals are processed within 1 to 3 working days.
Conclusion: The 24Option Online broker site is one of the best online broker sites for doing binary trading, they truly care about their customers and offers top notch services so that the users can succeed and start earning profit. The Online broker also offers various study material which makes any user to understand about binary trading. 24Option broker site has also earned various prestigious awards. The 24Option customer support is also very good, anyone can get in touch with them using multiple ways. 24Option is a world class online broker, so anyone, even an amateur should give a try with 24Option broker site for getting started with binary trading.