24option binary options broker review

Best Binary Options Brokers 2021:
  • EvoTrade

    The Best Broker! Try it and get a 10 000 $ bonus!

  • NS Broker
    NS Broker

    5000$ bonus to each trader!


    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!


    Only For Experienced Traders!

24option Review


24option is the biggest binary options broker. It appeared on the market at the start of binary options era. Since the beginning, 24option provided clients with premium-quality services and professional customer support. Curious if the 24option is the best fit for you? Read 24option review or sign up!

Min. Deposit: $250 Demo: Yes

Platform: TechFin Bonus: 100%

Regulation: CySEC US Clients: No

Sign up with IQ option Instead

Honest 24option review: About the Company

24option is a binary options broker owned by the Rodeler Limited. This company is located in Cyprus and is authorized and regulated by the CySEC as a CIF (Cyprus Investment Firm). Honest 24option review found out that this broker is the official partner of the Juventus Football Club since 1 August 2020. It is also a sponsor of the Investing.com, one of the most popular portals about trading & investments. 24option is awarded with a number of awards, including Forex Magnates Award for the Best Binary Options Broker in 2020 and 2020.

Additionally, the 24option offers free online learning courses. The registered customers are provided with the access to:

  • Webinars about binary options strategies, useful tips & analysis
  • eCourse with videos and articles on the binary options trading success
  • Trading eBook written specially for the traders who start their career

24option Accounts reviews

Honest 24option review discovered 3 types of accounts offered by the broker: Standard, Gold and Platinum. The accounts are quite solid, what what is great is that a trader at 24option can expect to withdraw profits once a month without any commission.

All of accounts are supplied without any maintenance fees. Every account holder is provided with the professional 24/7 customer service. The accounts at 24option do not have a clear deposit boundary, hence Binary Options Hub recommends you signing up with 24option and then contacting your account manager to find out what accounts could be available to you. Let’s see the main features of the accounts below:

  • Standard account
    This is the basic account that every trader at the 24option is provided with. The account allows to trade every types of binary options. This account has no additional features or goodies, but you can surely benefit from any 24option promotion with it. The minimum deposit amount for this account type is 250 USD.
  • Golden account
    Apart from the features of the Standard account, the Gold account traders are provided with additional 2% return on every trade. Also, Gold account holders have a possibility to use a one personal training session with the 24option market expert.
  • Platinum account
    The main feature of this account is the increased return on every trade – additional 4%. Platinum account holders also get to enjoy an unlimited amount of free withdrawals.

Binary Options Hub of course recommends you to settle for the Platinum account with 24option, as this account provides you with the highest rate of return. If you need a hand negotiating such a deal – let us know!


24option Trading Conditions

There are 5 types of options available at the 24option: High/Low, One Touch, Boundary, Short Term and High Yield. Honest review has shown that this broker provides top notch conditions, great payouts and an amazing amount of available time frames. Read honest review of the trading conditions below to find out more!

Best Binary Options Brokers 2021:
  • EvoTrade

    The Best Broker! Try it and get a 10 000 $ bonus!

  • NS Broker
    NS Broker

    5000$ bonus to each trader!


    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!


    Only For Experienced Traders!

  • High/Low
    This trading type requires trader to bet on the price being higher or lower than the price of the trading instrument at the time of execution. The High/Low trade is available in such time frames: 5 minutes, 10 minutes, 15 minutes, 20 minutes, 30 minutes, 1 hour, daily market closure and weekly market closure. This trading type is available at all the instruments provided the 24option. The full list of the instruments can be found in the end of this section of the 24option review.
  • Short term
    This trading type is similar to High/Low trade. The core difference is the time frame of the trade, which is shortened to: 30 seconds, 60 seconds, 2 minutes and 5 minutes. The instruments available for this type of trade are:
  • One Touch
    The main goal of this trading type is to predict either price of the trading instrument will achieve given level or won’t. Provided instruments are:
  • Boundary
    Trading type that requires the prediction of the instrument being in the given range or out of the range after shown period of time. The instruments available for such type of trading are:
  • High yield
    Such trading type exists on the 4 instruments (EUR/USD, GBP/USD, USD/JPY, OIL) for such trading types as high/low, one touch and boundary and is characterized by the increased yield to the level of the 250%-300%.

There are more trading instruments available at the 24option. Click the link below & see them all.

See the rest of 24option instruments

Currencies Stocks Commodities Future Indices

24option Trading Platform

The 24option is using TechFinancial trading platform. The software is customized to the match 24option brand and also includes some custom features. The platform is intuitive and does not require efforts to adjust. It has an additional window with open trades, history, alerts, market updates, economic calendar and notifications. The ability to expand the chart of the selected instrument into full screen has been found by the 24option fair review to be useful for the traders. Such a feature allows better capabilities for the analysis.

The platform also includes Trader’s choice graph for every instrument, which should ease the process of the decision making. To learn more about SpotOption trading platform read its full review.

24option Deposits and Withdrawals

24option allows deposits via three main methods:

  • Credit cards and Skrill
    Deposits made via these methods are processed immediately. Minimum deposit requirements: $/€/£250, ¥50,000. Withdrawal fees: credit card 3.5%, Skrill 2%
  • Wire Transfer
    The minimum deposit are: $/€/£1000, ¥100,000. Average deposit time is 5 working days. The withdrawal fees are: $30, €25, £20, ¥2,500.

Note that every client of 24option is granted a free withdrawal once a month, so the aforementioned fees apply only for your additional withdrawals!

The deposit limitations are set to: Daily: $/€/£10,000, ¥100,000 and Monthly: $/€/£40,000, ¥4,000,000

The 24option accepts such credit cards: Visa, MasterCard, Maestro International, Carte Bleue, Dankort, CartaSi, Laser and Discover. Next to regular credit cards, bank wires and most common internet payments, 24option honest review has show the support of the numerous local payment systems: WebMoney, QIWI, iDEAL, GiroPay to name a few.

24option Customer Support

The 24option support is available via email and live chat. You can get help in English, French, German, Spanish, Italian, Japanese, Turkish, Russian, Danish, Arabic, Indonesian, Korean, Latvian, Portuguese, Romanian, Swedish, Greek and Chinese.

24option can be contacted via email and live chat at: www.24option.com or customer service at a number of local numbers.

This is certainly a great feature of 24option, as it allows you to get in touch with the broker in no time and get premier voice support.

Binary Options Hub has to admit that 24option honest review has shown the largest amount of possible supported languages within the binary trading services.

In addition to this, during the review, Binary Options Hub experts tried contacting the customer service agents with various queries and all of our questions were answered in a timely and professional matter.

If you are a rookie trader, 24option is a great choice, because you can expect top-notch support.

24option Account Application

Signing up with 24option is rather easy, intuitive and fast. Below Binary Options Hub lets you preview how it is done.

  1. The first thing that you need to do is to go to 24option website and register. To do so, click here and then click on the New User at the right upper corner of your screen.
  2. The next step is to provide your personal details and account information details. You are able to see the full form below. No extra forms appearing after it.

After filling out the form and signing up with 24option, you will receive a call from your account manager. Binary Options Hub recommends you to actually pick your phone up, as you could get some potential deposit bonus deals and demo account option. You can also be provided with some educational materials.

During the next step, you will need to answer a short questionnaire about your net worth, income and experience. This action is required by the regulator and is needed if you deal with any regulated institution, no matter it is a bank, a broker or a loan company.

After answering the questionnaire you will be able to make your deposit and start your trading career. As simple as that. No email or identity verification required. The whole process takes up to 5 minutes and might take a few more if you actually decide to read the Legal Terms and Conditions.

24option Review Conclusion

24option is a reliable binary options broker with a long history and well-recognised brand name. Review shows that the broker has the great number of instruments and trading types available. The amount of payment options is also a strong point for the 24option. The only missing part is acceptance of the US clients. So, if you need a binary option broker, do not waste your time on some brokers that have no regulations and just sign up at the 24option.


24option Review


The 24option cooperates only with banks authorised and regulated by EU member states and that are highly rated by credit rating agencies. The 24option is a CySEC regulated broker operating under license number 207/13


Broker 24option
Website URL www.24option.com
Founded 2020
Support Number +357 25 262063
Support Types Live Chat, Phone, Contact Form, E-mail
Languages English, Italian, German, French, Russian, Spanish, Portuguese, Arabic, Japanese, Swedish, Danish, Dutch, Finnish, Norwegian
Trading Platform Tech Finacials
Minimum 1st Deposit $250
Minimum Trade Amount $24
Bonus BONUS UP TO 100%
Payout Up to 88%
Free Demo Account Open Demo
Regulation CySEC (Cyprus) № 207/13
Commission Info No
Account Types Standart, Beginners, Gold, Platinum, Diamond, Islamic
Deposit Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
Withdrawal Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
Number of Assets 130+
Expiry Times 60sec, 2minutes, 5minutes
Option Types High/Low, One Touch, Boundary, Short Term
Account Currency EUR, USD, GBP, RUB, TRY, CNY, JPY, CHF
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.8/10

Full Review

The 24option began operations in 2020, and was one of the first brokers in the market. Since then, many new tools have been designed and introduced to simplify and improve trade sessions for users.

When starting to work with 24option, you will first be able to open a demo account to practice. This will greatly reduce the chances of losing your money as a result of inexperience. There is also a 24option Education Center, which can bring you lots of benefits in learning the rules of trade.

In addition, you will be offered one-to-one training with an expert. Clients of 24option receive a chance for permanent contact with a financial adviser through a live chat, email or telephone to discuss potential profits and different strategies. We believe that this is a great advantage for all traders, even experienced ones.

One of the main advantages is that the 24option broker is regulated by CySEC and follows all regulatory rules (Cyprus Securities and Exchange Commission), to ensure safe and secure trading.

Deposit and withdrawals

A good sign is that the amount of money you can earn is not limited! There are brokers who will not allow you to withdraw all your profits if the profit is too large. This fact can create a lot of trouble and cause anxiety among traders. The 24option refrains from doing this, allowing applications for withdrawals, so the traders can get their money as quickly as possible. The customers receive a payout within 3-5 working days (or within 1 day if you have a VIP account). In order to withdraw funds, you can use credit/debit cards, Moneybookers, bank transfers, Neteller, Qiwi, Webmoney and a number of other payment systems, which are represented in the image below.

You should keep in mind that the 24option allows 1 free withdrawal per month; if you withdraw money more often, a commission is applied. The commission depends on the account level you have reached. For the platinum accounts, no commission will be charged for withdrawal of funds.

Owners of regular and gold accounts only get 1 withdrawal free of charge per the calendar month.

Complaints about 24option

Our team searched the information on the Internet for any complaints, and we found some negative comments, but it seems to be the manipulation of competitors; the criticism that has been objective has been resolved by the company in a positive way.

On several forums, some customers complained that they did not receive the approval of a withdrawal and waited a week. We do not believe this because, firstly, their problems have been successfully resolved by the broker, and secondly, in the «Terms and Conditions» section, you can find the dates within which the broker must meet its obligations and how long it takes to perform the procedure.

If we find complaints about 24option, we will post it on social media. Follow us to be well informed:

The 24option is a scam? The 24option is currently one of the most law-abiding of brokers on the market. It has been regulated by the Cyprus Commission for the Securities and Exchange Commission (CySEC).


The 24option was one of the first brokers that received a license from the financial regulator. Trading with a regulated broker provides a high level of service and protection to clients. Being regulated by CySEC (Cyprus Securities Commission and Exchange Commission), the 24option has a so-called «EC passport» to provide services within the European Union in accordance with MiFID (EU Directive «About Markets in Financial Instruments»). Thus, the 24option is one of the safest brokers for European traders.


If you were not registered earlier and just opened an account for the first time, you can earn a bonus. The amount of the bonus varies depending on the type of account you open. It is usually 30% of the initial deposit but can reach up to 100%.

We recommend you to follow the news: the 24option often announces information on additional bonuses or prizes. For example, a current bonus gift is a MacBook. They also hold many other trading contests with real prizes. If you decide to take a bonus from 24option, you should carefully read the terms for the use of the bonus, because every broker has certain conditions that must be followed by traders.


A final summary on 24option broker. All in all, the 24option is one of the leading brokers on the market. The company has more than 6 years of experience as a broker, and every year they increase the number of services and bonuses offered to their customers. The minimum deposit is only $250, and the minimum bet size is $24. They also offer free trading signals which can be used on the trading platform.

The broker has a large section devoted to education, with free e-books and many videos. Most importantly, the broker is regulated by CySEC, so you can enjoy a safe and secure trade.


In summary, we can say that the 24option is a regulated, 100% reliable and safe binary options broker. The company is fully compliant with the high level of service standards set by the EU. The minimum deposit amount is only $250, making it easy to start trading.The 24option takes first place in brokers ranking at FraudBroker.com and is the best choice for European, Arabian and Asian traders.


I have been trading at 24Option for over a year. The platform is quite excellent, I have a few things to warn you about – Upon the registration, you must enter your real personal data for the future verification for further profit withdrawals. Also, read their bonus policy for problem-free obtaining. Overall, a good, safe broker, I would recommend it personally. Thanks. Marc.

Why most of you keep losing to your trade brokers is because you don’t make use of any strategy in trading binary, Note binary has gone beyond all that trading without a strategy, no broker account would want you to make profit while they are losing… so it the other way round you lose while they win, have been trading for over two years now and it has been a very different dimension for me because i have been trading with a very new strategy that has been able to lift my trades accurately giving me wins of about 7-8 daily…it no fluke have been able to help enough people raise up there investment with enough proofs to show you, my one to one masterclass strategy would save you years of time wasting and funds wasting if only you are prepared to learn binary trade is one thing i have come to understand ,it’s all about you having a nice broker, using the rite strategy and above all knowing how to read the trend and if you need assistance on how to make withdrawal from your account easily even when bonus was giving to you or recover the money you have lost email me at [email protected]

Here is a list of issues I have had with 24Options:
Impossible to try the demo account without putting in a £400 deposit, basically tying me up to 24Options even though I hadn’t tried the platform yet to check it would meet my expectations and requirements, as in others I tried in the past.
I didn’t use the account for a while and then realised I had been charged a withdrawal fee of about £50, although I had not been notified, as per section 2, Inactivity Fees’ paragraph in their General Fees Terms and Conditions. I am not entirely sure exactly how much I was charged as this sum doesn’t figure on the account banking history.
The dormant fee was withdrawn a second time and still with no notification, although this time, it did figure in the account history.
The General Fees T&Cs specify the dormant fee will be applied if there are no transactions on the account. I did use the demo account and therefore assumed that it would be classified as transactions. If that wasn’t the case, this should have been made clear in the T&Cs.
Online customer service is very slow and abrupt: the guy I was chatting with suddenly closed the chat saying he had to go, even though I wasn’t finished with my questions.

100% SCAM. STAY AWAY FROM THEM, I repeat STAY AWAY FROM THEM. All they want is your money once they get it, they’ll be done with you.

24option Broker Review

24option General Info

24option is one of most recognized and reliable forex and CFDs brokers in online trading industry, now available in South Africa too. One of rare brands that also accept ZAR deposits!

We had a pleasure reviewing them and offer our readers an objective overview of 24option trading platform. In our 24option review you can get closer insight of available trading features.

Owned by Rodeler Limited, 24option review is present in the options industry since 2020. In 2020 they expanded they offering with CFDs and Forex making them complete. Eventually the binary options offering was ditched in favor of CFDs which enable better terms for traders since they dont need expiry time enabling customers to close trades when they want without penalties. The new platform for FX and CFDs is super intuitive and most traders will find it easy to trade on this global market.

Below, you can find out more about:

24option Trading Platform

Trading software, used by 24option is MT4 and the Web Trader . Known for its high security level, platform is easy to use and present no difficulties for South African traders. With a modern visual appearance, 24option is an excellent choice for traders to join this trading platform and start online trading journey. This broker offers its trading platform to traders worldwide, including traders from South Africa.

To start trading with 24option, minimum deposit is $250 and leverage i 1:400.

Investment amount range from 0.01 lot per trade. South African traders are enabled to open accounts with EUR, USD and GBP.

24option Trading Features

In 24option review, we found out they have available a wide range of trade options, which include all kinds of underlying assets to base CFDs on.

These trade options are combined with different features like stop loss and others. To their traders from South Africa, 24option review offers a wide range of underlying assets, which we can divide in stocks, commodities, currencies and indices. To be more specific, this broker offers on trading platform 43 stocks, 11 commodities, 30 currencies and 19 indices. Trading hours with underlying assets are Mondays to Fridays from 5 a.m. to 10 p.m.

24option have available several different and yet useful trading features, that can help traders maximize their trading experience. Features like mobile trading and demo account are excellent tools that show effort of this broker to give its best to ensure traders an alternative trading experience.

Mobile trading is for sure very convenient for all South African traders. With the use of mobile app it is possible to trades on mobile platform also.

24option mobile app is compatible with iOS system and Android devices also. Traders can place trades on a wide range of underlying assets also on mobile platform.

With such a possibility, traders no longer have to use regular platform, now they can everywhere and still be able to continue trading CFDs. Mobile app can be used on smartphones and tablets, as well as on computers.

The second great feature offered by 24option review is demo account, that has shown to be extremely useful for all levels of traders, especially for those who have just joined the 24option trading platform.

On demo platform, traders can see how it actually looks like when you trade CFDs. Great thing regarding demo is that is risk free, because you don’t invest your real money, it is only virtual one.

This way, 24option enables traders in South Africa to practice and use some of trading techniques and strategies to see will it turn out to be successful or not. Later on, when you feel confident enough in your trading skills, you can just switch from demo trading to real one and place trades in numerous underlying assets.

On trading platform, as visible in 24option review, we have seen one of the best Education Center in the forex industry.

A variety of tutorials, videos, ebooks and many more are available in our 24option review. Traders with different trading knowledge can use these trading tutorials.

This education support presents an excellent feature for both beginners traders and professional traders, due to the fact that multiple trading materials are offered for basic trading and also, advanced trading. South African traders can check 24option’s blog and see the latest market news, based on current market situation.

24option Trading Accounts

With 5 available account types, no one can actually say that 24option doesn’t provide traders with a choice.

Based on minimum deposit amount invested and other trading features and services, all these account have their differences. More detailed info please read below in 24option review:

24option Basic Account

In this account type, South African traders can find a lot of trading tools and options to be used in the trading process. They include leverage up to 1:200 (a feature which assist traders to achieve higher impact while having smalller amounts of money).

South Africans also have access to three types of spreads for different currency pairs; exotics, majors and minors. Entire trading process can be done on web-based platform as well as MT4 platform. We also discovered in 24option broker review how they provide One-click trading feature which enables traders to execute trades faster than before.

24/7 customer support service is included in 24option Basic account, alongside with one free withdrawal per month. As part of Basic account, Trading Central (basic) is also included as a powerful analyzing tool to use.

24option Silver Account

In 24option Silver account, South African traders have on disposal same trading techniques and instruments as in Basic account. They include: leverage up to 1:200, spreads (3, 4 and 7 pips), one click trading option, mobile app and customer support agents which are available 24 hrs per day.

Traders can get one withdrawal per month free of charge, as well as opportunity to use Trading Central. Also, this trading account includes trading alerts about upcoming events which are generated in real time. In Silver account type, Personal Coach is included for traders to contact him regarding any trading question.

24option Gold Account

In our 24option broker review, we noticed how Gold account is marked as the most popular trading account, in comparison with other ones. This account type included all trading options and feature as seen in Silver account type.

The only additional tool is possibility to receive trading signals via smartphone or sms. Just as with Silver account, traders in South Africa are able to get help from dedicated account manager, have one free withdrawal per month, features such as mobile app, one-click trading etc.

24option Platinum Account

What South Africans get with Platinum account seems as a wide selection of trading tools and services, which can assist traders into having better financial results while trading online.

Platinum trading account includes: leverage up to 1:200, major, exotics and minor spreads, mobile platform version and one-click trading. There is no withdrawal fee meaning how traders can withdrawal whatever number of times they want.

Traders have option to contact dedicated Personal Coach or support agents who are available 24/7. Also, it is possible to recieve trading alerts in real time, get them via sms or email. In this Platinum account, traders can learn from website research, just as having access on live training sessions.

24option Diamond Account

Diamond account presents itself as the most equipped trading account of 24option broker. This account type includes same trading instruments and features, which can be seen in Platinum account. Addition to this list are Juventus tickets if traders qualify for them and one special option; customized trading platform.

This is an excellent opportunity for South African traders who want to adjust the platform to satisfy their needs and meets standards in order to have more successful trades.

24option Customer Support

To have a good and up to date customer support is important when trading online.

After writing 24option review, we believe that traders from South Africa will be happy to know there are multiple ways on how to contact 24option. First of all, we would like to emphasize how 24option platform is available on many different countries for their traders around the world.

This includes English, Spanish, French, German, Russian, Italian, Danish, Swedish, Finnish, Japanese, Korean, Romanian, Portuguese, Arabic, Turkish and Indonesian.

Traders can reach 24option agents through email on [email protected] , live chat and via telephone for 21 countries worldwide, including South Africa on +27 10 500 8042.

Customer support agents are available 24/7 and we had a positive experience with provided feedback during our 24option review.

24option Banking Info

Main goal of 24option review is to provide South African traders the opportunity to expand their trading experience within a fast trading, regulatory environment.

Security is very important in trading process because it ensure traders to have a safe trading experience, especially visible during depositing or withdrawing money.

24option offers traders many available payment options, including debit and credit card payment, bank wire and e-wallets.

Available cards that can be used when depositing and withdrawing funds are: Visa, Visa Electron, Mastercard, Dankort, Diners Club, JCB, Discover Card, Cartasi, Liberty Reserve and Laser. From e-wallets, available payment providers are Skrill Moneybookers and Neteller.

The latest announcement arrived from PaySafe Group, who own PaSafe Card as an alternative payment method. In March 2020, they decided to join FTSE 250 Index and expand their investor net more and continue to provide services to traders in South Africa who use PaySafe Card as a way to deposit or withdraw funds.

Before money withdrawal, certain documents should be submitted. That includes proof of address, copy of photo ID and a copy of credit card, if it is used in the trading process (only last 4 digits visible).

It takes up to 5 business days until the money is visible on the trader’s account.

Minimum withdrawal is $250 and traders should know that the same currency chosen in deposit process, has to remain the same in the withdrawal process also. When withdrawing funds, 24option charges fees and amount depends whether traders use credit cards (3.5%), Skrill Moneybookers (2%) and bank wire ($30).

Best Binary Options Brokers 2021:
  • EvoTrade

    The Best Broker! Try it and get a 10 000 $ bonus!

  • NS Broker
    NS Broker

    5000$ bonus to each trader!


    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!


    Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Trading Library
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: