24Option is a brokerage that allows you to do trading from the comfort of your home, your office, your car, or wherever you are. It is easy to do and does not cost anything for you to check out. You could almost say that 24Option is simply too good to be true.
The headquarters for 24Option are located at 39 Kolonakiou Street, Aylos Athanasios, Limassol CY-4103. There phone number is +44 203 693 8656.
24Option offers five types of accounts for you to choose from. You can start with a free demo account, graduate to a basic account, and then continue to go up. You can open a demo account for free, then when you are ready to open the basic account you will need to deposit a minimum of four hundred dollars into the account.
Each of the other account types has an increase in the amount of money that you must deposit to open the account. They also each have increased features and rewards.
The accounts are:
You will have the choice of making trades in one or more of the four trading categories offered by 24Option as soon as you have registered and made your initial deposit. The four categories you have to choose from are:
No Download Required
You will not have to download anything to use the 24Option brokerage if you are using a computer. If you are using your smartphone or tablet you will have to download a mobile app. You have the choice of an app for IOS or Android devices. You can also choose to download a training program that will help you to learn how to use the trading platform and how to make trades using a mobile device.
No matter where you are you can access your account, check on trades, make trades, make deposits, or withdrawals with your mobile device.
Making a Deposit
24Option allows you to make your deposit into your account using several of the internet funding sites like PayPal, Skrill, Money Broker, and more. You can also fund the account using your credit card like your Visa or MasterCard. You can use your debit card or your bank card to fund your account.
24Option accepts the following currency types:
The United States Dollar
The British Pound
The Japanese Yen
The Russian Ruble
What about the Payouts?
The basic package offers the lowest percentage of payouts and that is 82% for a successful trade. That is pretty high for payouts on a low investment account. The payouts may be as high as 88%.
Is 24Option safe to use?
24Option is completed regulated and licensed by the CySEC. CySEC is short for Cypress Securities and Exchange Commission, and their job is to register every company that does financial business like 24Option, and to watch those companies to make sure that they are:
Treating customers fairly
Safeguarding their clients personal and financial information
Adhering to the rules and regulations in place concerning financial trades, purchases and investments
You will have the opportunity to reach a customer support specialist any day of the week, and any hour of the day. The customer support is there to help when you have a concern, a question, or a problem. They can explain everything to you in detail, and they can help you to not make financial decisions that could end up costing you money.
How do you get started?
Opening an account with 24Option is easy and fast. You simply go to their website, and follow the instructions for submitting your basic details. Your name, the country you reside in, and that kind of detail.
Then you choose which type of account you want to establish. At this time you are offered the opportunity to set up a free demo account so you can try the trading platform before you invest real cash. Or you can choose one of the real trading accounts that require a monetary deposit.
For each account type there is a minimum deposit that you must make. The lowest deposit is $400 for the basic account. There are special features offered depending on the type of account that you establish. Read all of the information on each of the account types so you know what the extra features are, and then you can determine if they are features that you will find beneficial.
Can anyone get an account?
The 24Option is not licensed to offer trading accounts to people who reside in some countries. You will have to check to see if they offer accounts in your country. They do not currently offer accounts to residents of the United States.