If you pay attention to the chatter in the financial trading forums, then you will no doubt have heard of 24Option. It has become one of the most popular online trading brokers among Europeans. In this review, we’ll take a close look at 24Option and find out why so many people have made it their favorite place to trade online. That way you can decide if you want to work with them or not.
We will start by looking at the trading platform. 24Option has a great platform called the “Tech Financial” trading platform. Traders can choose to trade in commodities, indices, currency pairings or stocks. They can do long-term or short-term trading options. In addition, 24Option offers a demonstration account that uses virtual currency. But everything else is from the actual numbers, to help you learn to trade and test out the platform.
There are some great features that 24Option provides. One of the unique ones is the Early Closure option. This gives a trader the opportunity to cancel a trade as close as five minutes before the expiration, which helps to mitigate loss a great deal. The platform is also very advanced, with educational resources, a trading tutor and a number of tools to help those who are new to online trading.
The customer service at 24Option is actually pretty decent, especially in a world where Forex brokers do not always provide good customer service. They have a live chat that will be able to help you in several languages and phone support with agents that speak some of those same languages. All in all, the customer service is knowledgeable, fast, efficient and helpful.
There are some great bonuses at 24Option. There are some rules to when and how you can withdraw the bonus money, which you can read in the terms section, but the bottom line is that they offer some bonuses that will help new traders get started in the marketplace.
You are going to need to verify your identity before you can withdraw money, but it isn’t that difficult. Unfortunately, because of laws that are intended to prevent money laundering, reputable brokers will ask you for proof that you are who you say you are before they will allow withdrawals.
The withdrawal methods vary, depending upon region. You can check the site for details for you area. Although your first withdrawal is free, and you get one free withdrawal a month with the gold account, you may have to pay fees if you withdraw more often than that. There are options to upgrade to platinum or diamond account, which doesn’t charge you for withdrawals at all.
To make your first deposit, you need to be 18 years old or older and have a minimum of $250 to deposit. You create your account and then you can make your deposit using your credit card, debit card, wire transfer or a few other banking options.
24Option is actually a pretty great place to trade. They may not be the biggest broker out there, nor do they have as many features as some of the largest ones, but they can compete pretty well. If you want to try out online trading, then give them a try. They have a demo account, so you can see if you are going to make money before you make a deposit. They do have some unique features that traders will like.
Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Minimum Deposit: $250
Minimum Trade Amount: $0,01 lot
Maximum leverage: 1:400
Trading Platform: Scipio & MT4
Special offer: USD 100 000 Demo
Customer support: Livechat,
+357 25 262063, firstname.lastname@example.org