24option Review | Scam or Legit Broker?

24option is based in Anguilla and 100% web-based. It is one of the bigger brokers on the market today. There has been many good review by clients, especially with the multiple languages to choose and easy trading experience.

The company was founded at the end of 2010 and has a lot of funds behind it. There are 3 types of options available to trade: High / Low, One Touch and Boundary. This is more than what is provided on many of the other platforms.

According to their website you can trade forex options, stocks options, index options and commodity options. In the money pays out up to 85% and out of the money offers a payout up to 15%.

Usability 10/10

The 24option website is very easy to use and has a high customer base due to this. Each page of the website is well set out and you can find your way round easily. The theme of the website is attractive to all types of users.

There are a number of useful features that will assist you in trading binary options efficiently. These are the Trader Manual, Trading Resources, Glossary and numerous other key features of the 24option website.

A benefit for traders is that they can enhance their trading experience with the bonuses that are regularly available. One of the most popular which is mentioned on the website is the free iPad 2.

No. of Assets 8/10

You can trade with 35+ assets at 24option: commodities, stocks, indices and forex. This is below the current average for the binary options platforms available today.

Expiry Range of Options 10/10

Choose from 5 minutes, 1 hour, 1 day and 1 week expiry times. This is above average for the binary options industry.

Effective Return 10/10

We gave this broker top points for the effective return: up to 85% for in the money and as high as 15% for out of the money.

Languages 10/10

There are 9 languages available to trade in on this trading platform. More are rumored to be coming in the near future so stay tuned.

Fees/Commissions 7/10

There are no fees or commissions for trading binary options. The withdrawal fees are very high: $30 via wire transfer, $30 via credit card and $30 via electronic wire.

Loyalty Offers 10/10

24option offers traders the best bonuses on the market. These include cash deposit bonuses and complimentary iPads.

Payment Methods 10/10

There is a good choice of payment methods on offer. These are UKash, credit card, wire transfer, cashU and electronic wire transfer.

Support Quality 10/10

This broker has top quality support and their team is quick to answer to any questions. You may contact them via email, phone, live chat or even fax.

Website Extras 10/10

There is a good amount of additional features which this website offers traders to use. The Asset Index contains all of the details of each underlying asset. The FAQ section contains the most important questions of traders.

If you want to close your option early you can try the Early Closure feature, adding to your different options while trading binary options.

The Trader Manual will give you the basic info required to begin trading binary options with this broker.

Overall, we were impressed with the extras which 24option has available on its platform. These features make 24option one of the best brokers today.