24option were created in 2008. Opening as a broker binary options, 24option is now a brand leader CFD and Forex Ltd Rodeler owned company headquartered in Cyprus. For traders outside the EEA (European Economic Area), 24option clients doing business through a separate company called Capital Limited Richfield based in Belize.
In the past, the main product offered was binary options. But 24option recently began offering CFD trading and forex in order to compete with the more established brokers in the sector. The similarities between the goods for 24option were able to build their own platform trading measure, and add new features for CFDs and Forex trades.
24option types of trading accounts
There are four types of accounts available from 24option, and you can choose the one that best meets your needs. You can choose the right one for you during registration or register just to start negotiating. You can also view an account manager who will help you choose an account based on your goals.
Basic accounts include an introduction to the platform, a dedicated account manager, access to webinars and seminars, an introduction to the financial markets, a demo account with 100,000, and a daily market brief.
• Platform Presentation
• Dedicated account manager
• Webinars and Seminars
• introduction to the financial market
• Demo Account 100K
• daily market brief
Silver accounts add an explanation of the risk management, no maintenance costs, many max, and a tutorial for sentimental analysis, technical and fundamental. This type of account also receives explanations of the most common trading strategies that are short, medium or long, depending on your preference.
• All the basic account +
• Risk Management Explanation
• Sentimental, fundamental analysis, technical tutorial on
• short, medium, long-term explanation of common negotiating strategies
• No maintenance costs
• High lot
Gold Accounts managers get higher accounts, access to central bargaining, free withdrawals and one-to-one course for MT4 use. Finally, Platinum accounts have better spreads. You can update your account in the future, with the approval of 24option.
To become a trader 24option, you just need a complete recording, you can do via the home page. You can also click on Register in the top right corner of every page on the site. You will need to deposit a minimum of $ 250, and once the transfer is complete, you can start trading.
• All Account Silver +
• A course on MT4
• Trading Central
• Free withdrawals
• Any account Gold +
• The favorable variances
The 24Option trading platform is quite unique, even within the fairly generic binary world, foreign exchange and CFD. The appearance of the platform has been designed according to the brand, so the red and green buttons usual trade have been replaced.
This style measure does not affect the usability of the platform however. 24option now uses a proprietary platform (with the same login) called Scipio to provide CFD and forex trading servicesThe type of trade is available on the menu at the top left – choose from:
Relevant assets below below. Selecting any of them, the corresponding payment information will be updated, and the price chart at right. The shopping area is well designed, so although a lot of data available at the time, is still clear and easy to use.
Open operations, and a history of closed operations are available in the commercial area, where performance is constantly updated.
In addition to the trading platform of Scipio, 24Option has also integrated the popular MT4 platform for traders who want the currency market to the spot and CFD markets. The main attraction of the MT4 platform is advanced trading tools that have been integrated into the platform.
So traders can use one of the two platforms, each offering different strengths. MT4 is perhaps more difficult to use, but includes more tools path analysis and automation options. Traditional platform is easier to use. Operators can, of course, carry out research on a platform, and commerce on the other. Access data remain the same for both.
More advanced traders among those who will be pleased to know that 24option also offers a MT4 platform.
For those who do not know, MT4 is the foreign trade program that is developed by the company MetaQuotes software. It is perhaps one of the trading platforms of third most popular and widely used today.
This platform has been developed for traders by traders and as such, has the functionality and tools endless. When you download from the web site 24option you will link to their servers trading and account.
You can run the MT4 platform browser such as does traditional web-based platform. However, the most optimal setup is for you to install on your PC platform. MT4 is supported by both MacOS and Windows and Linux.
Of course, the MT4 platform 24option may not be for everyone.
It takes some time to get used to the many features, appliances, tools, graphics and order. This is perhaps something that is best learned in a demo account before putting money at risk.
However, the main benefit of the MT4 platform is that knowledge is learned is highly transferable to another broker. Given that is in use in many runners, who do not need to relearn how to operate on other platforms.
What Type Option Available?
Choice is a type of trade that you can make that will end either in the income statement. In general, there are three main types:
• certain underlying asset selection – can only be used for the trading of a specific list of underlying assets.
• When special option – This is a trade that will live for a certain period of time before it expires. They can be either long term or short term.
• Mixed – Other options to mix both of the above, that they are limited by both the underlying assets and time.
24 selection options types fall into the above categories. In particular, he has four options you can choose from. They include:
Option 1. High / Low
He Options High / Low is one of the most common types of binary choice. In fact, every broker that we have analyzed the offers High / Low choice, although some of their calls Call / Put choice. Despite the name, they are the same thing.
In options trading High / Low, you predict the final price of the underlying asset is based on the current price. In other words, you predict what the final price will be higher than the current price or lower than the current price. trade will have an expiration time, and you win or lose depending on whether your prediction is correct at the time.
High / Low binary options trading can be placed on a variety of assets, including currency pairs and stocks. It is a low-risk form of trading, which means out pay is usually lower than other options available types. Because of their low risk trade, they are suitable for new traders and traders caution that does not want a major loss and want to explore their options.
2. One-Touch and No-Touch Options
One-Touch or No-Touch trades based on price, so they fall into the same category as the High / Low trade. They are trading more risky, because they are more difficult to predict accurately. As a result, pay outs are usually much higher.
In both variations of trading, the broker set a target price for the underlying asset and expiration. If you choose the One-Touch, you predict that the underlying asset will reach the price set by the broker before the time expires. Once the price is achieved by an underlying asset, trading tip and you benefit. If the underlying asset does not reach the predicted price at the time the trade expires, you lose money.
If you select the No-Touch, you predict that the price of the underlying asset will not reach the set price. If it does not reach the set price, the trade ends and you lose. To win you have to wait until the expiration time for the underlying asset can not “touch” target price.
It is therefore, potentially more profitable trading is risky and, as you make predictions more difficult. For example, it is easier to predict if the trade will go higher or lower than the current value for the next five hours. It is much more difficult to predict that it will reach a certain value in that time period. Similarly, it is also difficult to predict that it will not reach the target price in the period. This is because you have to predict the price movements and how much it will move. With the option High / Low, you only need to predict the direction of movement.
Limit options carries the risk level that is between the High / Low selection and One-Touch / No-Touch option. As a result, more of their pay outs for selection High / Low but lower than a touch choice.
In option trading limits, will be given the underlying asset price limits by the broker. This is the price range that includes upper and lower value. To make a trade, you predict whether the price of the underlying asset will remain within limits during periods of trade or whether it will fall out of bounds.
This is why there is less risk of a touch choice, that there is the possibility of lower prices that result in victory.
Due to the nature of the Forex market, most experienced traders do not put an option Boundary Forex trading partner.
The 60-Second Option
It is one of the newest type of choice in binary options industry, and is available at 24option. This is a high-thrill, high stakes, high-paying out the kind of option that expires 60 seconds after you open it. A number of variations available. You can win big, but it is not a method for risk-averse trading.
The trading platform also provides user access to 24option signals. Sentiment merchant bar is also used to aid decision trader. The demo video at the bottom of this review illustrates how to get the most out of this. As usual, the service signal should be treated with a certain degree of caution, especially where provided by the broker. But they can be an additional tool to confirm, or withdraw from, a particular trade.
The 24option signals are referred to as ‘Trade Alerts’, and was found next to ‘open trade’ and the tab ‘Trade History’.
How to Trade on 24option?
To make a trade, go to the web at the 24option platform and make sure that the graph is closed so you can see the order form. Select the instrument that you choose on the left side of the screen, then fill the volume you want to trade (in lots) on the form. When you enter a number, the pip value to the right will automatically renew. Directly under the volume and pip value, there is an option to “Open trade when the level of the range.” Check the box if you want to open a trade only when the level reaches a certain point, then adjust the value in the box on the right. Once you do, you can choose Sell or Buy. From there, you have the option of choosing to “shut confused” or “Close on profits,” if you wish. Check out one of these boxes will allow you to adjust the measurement pips or level and then adjust the image. Once you’re ready, click Trade.
Or, you can choose to buy or sell at market value. Under the option to “Open trade when it reaches the level,” you’ll see the Sell button on the left and the Green buy button on the right. Each shows the value and you can see the pips of spread between them. value shows the points which must pass assets to your trades to be successful. Click on the relevant button followed by Commerce to place trade at market value.
It was interesting to see that they still include a bonus as this choice has been largely discarded by the CFD broker in recent years.
This is because the MiFID directive has banned the use of bonus incentives structure for clients based in the EU. However, this does not happen in other international markets.
Through their holding company Belize, 24option give their traders the opportunity to take part in a deposit bonus. They will credit your account with up to 50% or $ 500 on your initial deposit (whichever is the lowest).
This bonus can then be seen as free trade money that you can use to increase your liquidity. It is, however, important to point out that there are certain terms and conditions attached to this bonus.
Although the prospect of “free money” sounds great, always there will be strings attached. Thus, we really would suggest that you avoid all sorts of bonus deposit – avoid the hassle.
Withdrawals & Funding
There are several different funding method that you can use at 24option. Here are some of the most common ways that you can fund your account:
Credit Cards: They accept major credit card number including Visa, MasterCard and Discover.
Electronic Paymets: Skrill, Neteller, Qiwi, Astropay etc.
Wire Transfer: You can fund your account with 24option’s traditional wire into a bank account. You will need to reach an account manager to confirm
Minimum deposits for Web wallet and a credit card is $ 250, while it is $ 1,000 for wire transfers. The limits of the maximum deposit is $ 10,000 per day or $ 40,000 per month. 24option accept payments in EUR, Japanese Yen and GBP.
Perhaps the quickest way to make a deposit by credit card or wallet because this site immediately. If you are going to make the wire so it may take 3-5 working days depending on where it comes from.
When it comes to withdrawal, you will need to complete additional steps.
Unlike most brokers, 24option only requires you to complete the KYC after you request a withdrawal, not when you set up the account. Therefore, if you make a withdrawal, you will need to verify your identity and details.
KYC requirements this is something that is required by the law of the CySEC to prevent money laundering. Therefore, 24option will require you to submit the following:
Photo ID: You will need to send them a copy of some form of government ID. It could be a driver’s license or passport.
Proof of Address: You’ll need to send them a copy of a document that confirms your address. It can be a utility bill, bank statement or official government documents.
A copy of the Credit Card: If you have been funded through a credit card, they will also need a copy of the front and back of credit cards.
This should be done every time you need to confirm the new withdrawal method but if you use the same method again it should be sufficient. It will take about a day to process.
Note: If you are funded via credit card then they will refund you your initial deposit and the mass will be pulled through other methods (bank wire, for example).
Withdrawals are processed during normal office hours Cyprus and there is a minimum withdrawal amount of $ 10. As with deposits, the time it takes depends on the method used.
It is also important to note that they will not process any withdrawals sent to the account of third parties (those who were in the other person’s name).
24option Mobile App
24option provides mobile trading app is free for both iOS (iPhone and iPad) and Android. Applications are available for download in both the Apple App Store or Google Play Store. This application provides all the functionality of the main website, including many account management features. These applications take advantage of the strengths of each platform (Android or iOS) to maximize functionality on each device.
Using a slick and intuitive application. Login process is fast but safe. technical analysis to be hard on a smaller screen, but trade and amendments to the details easily and a real bonus for traders who need to react to events while they are away from their computer or laptop.