24Option is the world’s leading binary options trading platform. Trade 60 second options, commodities, indices, stocks & forex. Get the highest limits & returns on your investments. That is what 24Option claims on their website. But.. is that true?
Why trade 24Option Binary Options at all?
In this 7 minute video binary options are explained in a live trading session. Watch and learn how the trader earns around 400 dollars in under 8 minutes.
To start trading yourself, go to www.24optíon.com to open an account and make deposit.
24Option Broker Reviews
Let’s start this binary option trading review with the fact that 24Option is not called a 24 Options Scam. Since 24Option are regulated in the European Union by CySEC they have to follow a vast set of rules to keep this rating. That makes this one of the brokers of our choice. Almost all brokers on https://www.forex broker are regulated, that is one of our demands to the brokers in order to let them in on our website.
The 24Option Trading Platform
Being secure and user-friendly, the 24Option trading platform provides its users a fast, easy and enjoyable trading experience. Trading easily starts on the main dashboard of the platform trading page. There are four different types of options which can be chosen.
1. The High/Low Option
This option is the classic binary option trading instrument. Determine what the rate of the asset will do: rise or fall. Enter an expiry time and the amount you wish to invest with and wait for expiry. Prediction correct? You are in the money and usually winning around 85% of the investment.
2. One Touch Options
Touch and No Touch binary options are options where you decide if the market price will reach a certain amount or not before the expiry time. Right prediction? In the money!
3. Boundary Options
In and Out Boundary options have both an upper and a lower target price that form a boundary range. These instruments’ outcome depends on where the market price is at the option’s expiration compared to the boundary range. If the rate is in between the lines when the option expires, then your prediction is right in case you chose ‘in the boundary’. The figure below displays it in an easy way. Choose asset, determine if the price will expire IN or OUT of the boundary. Enter an amount, $100 in our example and click BUY.
4. Short Term options
Every binary options broker offers this type of binary option: short-term binary option, usually referred to “60 seconds option”. This broker offer the trader the chance to predict the rate of an underlying asset of choice and have that expire in as short as 1 minute, 2 minutes or 5 minutes.
Every new trader is able to practice with a free 24Option Demo Account before making a deposit. The trading platform is available in 17 languages, varying from Danish to Japanese and all in between. There is almost no reason not to try the system any more. Free demo in your language?!
Well, the highest returns on the common high/low binary options range to 75%. The above/below options are worth a 220% to 360% payout. The same counts for the Touch Options. This is not the highest returns we have seen in the binary options industry. GOptions for example offer 85% on common binary options and the Touch Options can go up to 650% on the NASDAQ asset. Also, they offer the so-called Ladder Options. Expert traders can earn from 500% to 1250%. For an overview of the unique selling points for our favorite brokers, please visit this page.
24Option Trading Conclusion
Like stated, claiming to have the highest payout rates in the industry is a little exaggerated.
The unique selling points for them are:
- Trading platform in 17 languages
- Available on every device (phones, pc’s, web)
- Great educational program and one on one training with a trader
Where a lot of brokers offer their platform in English, German and an Asian language, 24Option offers languages like Danish, Dutch, French, Spanish and many more. This still is unique!