24 Adoption is the most widely known broker on the market and they offer a useful demo account to try out their trading platform with no risk involved. Their minimum deposit requirement is higher than some other brokers but if you are serious about trading that should not be a problem. 24Adoption has been serving traders for many years and has a solid track record to prove that they are not a scam. They currently do not accept customers from the United States.
24 The auction is owned by Rodeler Limited, based in Limassol Cyprus. Authorized by the Cyprus Securities Exchange Commission (CYSEC) with license number 207/13.
201724Option amended their offer during 2015. They no longer offer binary options, and focus only on Forex and CFD trading. Are.
24 Adoption has moved away from platform provider TechFinancials, and developed a new bespoke platform. The new offering also saw a move into forex and CFD trading, with the firm Also offered forex pairs that include bitcoin. The recent growth in cryptocurrency trading led the firm to add bitcoin pairs as soon as possible.
Trading Platform
24The options trading platform is quite unique, even within the fairly common world of binary, forex and CFD trading. The look and feel of the platform has been designed keeping in mind the brand, hence the usual red and green colored trading buttons have been changed.
Although this does not affect the usability of the platform. Business type is available on the top left menu – choose from:
- foreign currency
- cfd
The relevant properties are then shown below. Selecting any of them will update the relevant payment information and price chart on the right. The trading area is well laid out, so even with a lot of data available at once, it’s still clear and easy to use.
A history of open trades and closed trades is available under the trading area, where the display is constantly updated.
signal
The trading platform also gives users access to the 24Option signals service. The trader sentiment bar is also used to assist with trader decisions. The demo video at the bottom of this review shows how to get the most out of these. As always, signal services require a certain level of caution. However, they can be an additional tool to confirm or retract particular trades.
24 Option signals are referred to as ‘Trading Alerts’, and are found alongside the ‘Open Trades’ and ‘Trade History’ tabs.
Payment
With over a hundred different types of underlying assets on offer, traders at 24Option will definitely be spoiled for choice. They can choose from 43 different types of stocks, 11 commodity related options, 30 currency pairs and 19 types of market indices.।
With Forex and CFD trades the payout will depend on the price movement of the underlying asset. Traders can use leverage to manage their risk and payoff. While trading on margin can accelerate profits, it can equally accelerate losses, so should be used with caution.
regulation
In addition to being regulated and licensed by CYSEC, 24Auction is also registered with several other European regulatory agencies such as the Autorita des Marches Financiers (AMF) in France, BaFin in India, CONSOB in Italy and the UK’s Financial Conduct Authority (FCA). Has been done ,
The main advantage of dealing with a regulated broker is the fact that you always have someone to turn to for dispute resolution should a dispute arise between you and the broker. Another factor that should weigh heavily on a trader’s mind when selecting their broker is the ability to claim compensation should their broker become insolvent. 24OptionWith this, traders need not worry as they are members of the Investment Compensation Fund Scheme. The fund claims traders up to a maximum of 20,000 Euros.
mobile app
24OptionThe App is a smart and easy to use mobile trading platform, available for Android, iOS or Windows, the app is free.
The app has a clear, simple interface, and the trading process is intuitive. The screen and buttons are small making them easy to use without the risk of mistakes and hard to find buttons. Along with simple trading, the app will also display open and closed trades, and update them in real time. The trading app is a great addition to the range of features delivered by 24Option. Each version is written to exploit the full range of functions across multiple devices, so Android, Windows and iPhone users all get a tailored experience.
withdrawal
24O Withdrawal Withdrawal Deposit will be paid back to the source. Hence payment can only be made through the same method when the deposit was made. This is a common situation, and is actually a security measure to protect traders from fraud.
For the same reasons, the firm requires proof of address and some form of valid ID prior to withdrawal. This is to comply with money laundering laws. Where a deposit is made by means of a credit card, any subsequent withdrawals made will also require details of that card.
withdrawal complaint
Complaints or problems with delays in this proof of identity process are often delayed. Therefore, it is worth sending all these details early – before a withdrawal request is made.< /span> This minimizes the chances of problems, minimizes complaints and ensures quick withdrawal payments.
account type
24Accounts offers a range of account types. Access to these accounts will depend on the size of the initial deposit. The larger the first deposit However, traders can always start with a smaller deposit – and then a larger deposit later to grow their account types. Can deposit on amount.
Gold and Platinum account holders can enjoy regular free withdrawals, with regular account holders getting their first withdrawal free. Balance balance may incur a one percent fee and this figure is Withdrawal request can be made at any time.
New accounts must choose between forex and CFD accounts. Bitcoin is tradable via forex pairs.
Is 24 Laps A Scam?
As a regulated broker, 24Option is not a scam. They provide the service they want, and client funds are held separately from company funds. span> Regulators have been taking a keener interest in binary options of late and 24Option has supported this. The trading platform is reliable, and Paid Withdrawals as requested.
complaints
24 One complaint that has been adopted has been the practice of “turmoil”. will offer to trade. This usually leads the trader to over-trading, and in some cases trading beyond their means.
Where possible, traders should not allow someone else to trade on their behalf, and in response to the complaints generated, the binary industry has begun to eliminate bonuses paid to account managers who behave in this way.< /span> It remains to be seen whether this practice ends, and traders should be aware of the risks. If advisors When calling from an account manager, we would suggest a “polite thank you”.
Bonus
24Option offers a very unique bonus offer, moving away from the traditional deposit match bonus. They offer a range of ‘Premium Rewards’ – these are normally ‘Tech’ There are offerings, such as the iPad or MacBook.
As any reputable broker, 24Auction will allow traders to opt out of any bonus incentives.
24 Option Demo
Below is a demo video from 24option, which explains how to trade through a tutorial – from selecting assets and trade types to analyzing charts and identifying trader sentiment, this 24option demo video explains everything thoroughly. is comprehensive, including finding a signal service (‘Trading Alert’);
review conclusion
From the fact that 24Option is licensed and regulated by CYSEC, we can assume that they are a legitimate operation. The warm and friendly service provided by them certainly Makes a refreshing change from the cold and impersonal service that other brokers are used to providing.
For those who are interested in opening a live trading account on 24Option, the minimum deposit requirement is $250. For their minimum trade size, you can trade from $24 per trade. While the services offered by this broker are great, it is their regular trading competition that sets them apart. Some offer thousands of dollars in prizes to the winners of their contests. There are also innovative bonus offers, and demo accounts to help traders before stepping into the markets for real. Allows access to the platform.
pros
• Bitcoin Forex Trading
• Comprehensive list of underlying assets for trading
• professional customer support
• Robust and advanced trading platform
• support multiple languages
• Wide range of benefits and incentives
• Now offer CFDs in addition to binary options
Opposition
• $250 deposit required before use of demo account
24Option review rating
Customer Service Rating – 10
• 24/7 Support
• Phone support for 21 countries
•Trading platform translated into 18 languages
Asset Choice Rating – 10
• 43 Stocks
• 30currency pairs
• 11 Commodity
• 19Signal
Deposit Method Rating – 9
• Credit Card
• telegraphic transfer
• web wallet
Minimum Deposit Rating – 7
• $ 250
minimum business rating – 8
• $ 24
Trading Features Rating – 8
• standard high/low binary options
•one touch binary options
• short term binary options
• limit option
Payout % Rating – 8
• 89%As far as
• 15% Discount
Bonus Offer Rating – 9
• Up to 100% matching bonus on initial deposit.
Site Intangibles Rating- 9
• CYSEC regulated by
• demo account
• Asset filter provided
• Real time price feed from Morningstar price quotes
• Demo video, tutorial and ebook provided
• Regular trading contests with attractive prizes