I get asked a lot: Is 24Option available to Australian traders?
24Option is a top binary options broker that has managed to build a good reputation for itself having been established back in 2010. 24Option stopped accepting USA and Australian traders since, but they are still the favorite broker for many traders around the world.
Why Are Australians Not Accepted on 24Option?
Australians were accepted until 2015 on 24Option. Since 2015 only ASIC regulated or unregulated binary options brokers can accept Australian traders. 24Option does not have an ASIC regulation yet (they are CYSEC regulated), which means that they no longer accept Aussie traders.
24Option Trading Platform
24Option is powered by the TechFinancials trading platform, that is equipped with many advanced features.
The platform supports multiple layouts, so you can see all the information you want on a single page. There is a description for each type of trading located on the sidebar. The platform is well organized and has all the basic features you need. 24Option supports several types of options including high/low, above/below, one touch, and boundary.
The short term options including short term and high/low options feature a payout rate of up to 89%. The above/below and boundary options features an even higher payout rate of up to 310%. The one touch options has the highest maximum payout rate of up to 500% if you win the trade. 24Option offers a refund rate of up to 15% if you lose in the trade.24Option has a mobile app that let your monitor your trading activities on an Android and iOS device. The screen is big so you can easily navigate around the platform without accidentally pressing the wrong button.
Types of Trading Accounts
There are more than 100 assets for you to choose from.
24Option offers 5 types of accounts including standard, silver, gold, platinum and diamond. Standard requires an initial deposit of $250 and offers a ROI of up to 83%. Beginners account offers the same ROI rate as Standard account but it requires you to deposit at least $2000.
Gold account offers up to 85% ROI and has a minimum deposit requirement of $25000. Platinum account has a minimum deposit requirement of $50000 and has a ROI rate of up to 87%.
Diamond account is designed for traders who want to invest more than $50,000. You can apply for a Diamond account through the account manager that was assigned to you. 24Option supports 5 different types of currencies in the account. New sign ups are entitled to a welcome bonus that range from 20% -100% for new signups. There is a demo account but it is only accessible after you have registered for an account. The demo account is not free as you need to deposit at least $250 in order to activate it.
Deposits and Withdrawals
24Option supports credit card/debit card and bank wire for deposit and withdrawal just like other binary options broker. In addition, they also support many e-wallets for deposit/withdrawal including Skrill, paysafecard, Qiwi, Cash U, Moneta, SoFort, Neteller, WebMoney, Astro Pay, Neosurf, girofpay and iDeal.
24Option has an education center that provides binary options trading video tutorials for all difficulty levels including basic, intermediate and advanced. There is a free e-book that you can download onto your computer. If you use a mobile device, you can download the interactive e-book. They offer free daily market analysis and reports for traders. There are tutorials that teach about the different types of trading strategies. You can also take part in the webinars to learn more about binary options trading. To find out what webinars is taking place, you can check out the calendar at the education center.
24Option is recognized for its top notch live chat customer service that support up to 16 languages. They also provide a multilingual telephone customer service that support 16 languages. If you decide to contact their customer support by telephone, you can request for a representative that is fluent in your native language so that it is easier for you to communicate about your issues. If you want to contact 24Option’s support by email, you will have to use the online email contact form. You can configure the website layout to your native language such as English, Italian, Portuguese, Japan, Dansk and etc.
In conclusion, 24Option is a top binary options broker that become recognized for its excellent customer support and attractive incentives in the trading accounts. They hold trading competition with big prizes to be won from time to time.
24Option has been featured in many places such as Forex Magnates, Investing.com, UK Forex and CIOT Expo and has a great reputation in the industry.