Among the more experienced binary options traders it is generally accepted that one of the best trading platforms is 24Option. This broker, which has its headquarters in London, United Kingdom, was started in 2010 by 247 Holdings Group Ltd. Despite the number of binary option brokers coming onto the market, 24Option has in two years proved to be one of the best trading platforms in operation. For traders that are looking for an underlying asset index that gives them a large number of assets to invest in, 24Option will be very difficult to beat.
Minimum investment: $200
Minimum trade: $24
Maximum trade: $3,000
Return for out of the money trade: 0% to 15%
Return for in the money trade: 70% – 85%
Assets: Currency, Commodities, Indices and Stocks
Trading Platform: Option Fair Platform
Traders from USA: Yes
The 24Option trading platform has a long list of assets available for their clients to choose from. The client can choose to trade in currency pairs, commodities, indices or stocks. Among the stocks listed are some of the top companies such as Barclays, British petroleum and Google.
24Option offers binary options in three different categories depending on their expiry time: the intraday options are options that have an expiry time of minutes or hours, options that have an end of day expiry time and options that expire at the end of the week.
The management team at 24Option place their client’s needs at the top of their priority list and to ensure they achieve this they offer their trading platform in nine languages with the promise that more languages will be added that will allow traders to trade in their own language.
Making a deposit with 24Option is fast and simple. This can be done using Credit Card, MoneyBookers, Wire transfer and Western Union. The trading platform accepts deposits in EUR, GBP and USD and when making the initial deposit the trader must inform 24Option which of these currencies they will be using for future transactions. The currency chosen will be used for transactions as long as the account remains open.
When a trader opens an account with 24Option they will find some excellent bonuses on offer such as:
$5,000 and over 50%
To ensure their client’s are receiving as much information as possible, 24Option offers 24 major market indicators. These indicators include the Consumer Price Index, Gross Domestic Product, Producer Price Index and the Unemployment Rate. All of these indicators are invaluable in helping the trader predict the market and allowing them to react quickly.
The 24Option trading platform allows traders to close their options early. They can close their option five minutes after they purchased it and a few minutes before it is due to expire. This allows the trader to sell back their option whether it is in the money or not.
Rating for 24Option: 3.5 / 5.0 (reviewer: Benjamin King)