24Option Broker Review
24Option, founded in 2009, is a true binary options pioneer. The Broker is owned by Rodeler Ltd. Rodeler Ltd is a company operating under Cyprus Securities Exchange Commission (CySEC) license number 207/13. The company’s registered office is located in Limassol, Cyprus CY-4103 at 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios. On top of the CySEC licence, 24Option (Rodeler Ltd) is also registered with the British Financial Conduct Authority (FCA) since 04/12/2013 and Rodeler BaFin in Germany.
Outside the European Economic area, the services of 24Option (24option.com) are offered by Richfield Capital Limited, a company that belongs to the same group as Rodeler Limited and is regulated by The International Financial Services Commission Of Belize (number IFSC/60/440/TS/15-16).
Is 24Option a Shitty Broker ?
24Option is NOT a scam in any way or a shitty broker in our humble opinion. 24Option was regulated back on 2013 by the Cyprus Securities and Investments Commission (CySEC). That means your money deposited to the provider is safe. 24Option review will re-assure you that 24Option is a trusted broker, and also a broker that definitely doesn’t make you want to pull your hair out.
The above average traffic to their website shows that they are a legit company, doing business in a professional manner. The traffic for scam brokers tends to go down when people realize they are being played.
Why Trading with 24Options is NOT SHIT !
Some Binary Options brokers are just shitty, some just suck. 24Option is a member of the exclusive list of brokers considered to be highly respected and truly inspiring. After so many years in the industry, we can safely say they proved their worth. 24Option have become a trustworthy partner for traders and investors all over the world.
What issues do I have with 24 Options
The first issue comes to mind is actually bad news for US customers; 24Option no longer serve US clients due to Regulation in the EU. However, the regulation itself is a big plus. As of late, we’ve seen users complain that French and Japanese customers are not accepted anymore. This is due to regulation in those respective countries..
Should I Open an Account with 24Option?
Since their launch, 24Option’s innovative, fully web-based platform kept on growing slowly but smartly. It is providing investors with the proper and simplest tools needed to trade options: great user-interface, the trading process is easy to understand and the live charts are available by clicking on the asset. These great advantages of 24Option made this company one of the best binary options brokers out there. 24Option has improved since they were founded, the platform has been re-designed, number of assets has increased and staying up to date seems to be their ambition.
Their great customer service makes 24Option a nice home to Binary Options traders. 24Option allows the traders to invest as much as 100,000$ in one single trade, this means that this broker has no problem paying out high returns.
Recently we see a new trend emerging: CFD trading. 24option successfully leads the way in CFDs, offering a well-organized and professional web platform, tailor made for this way of trading. The main principle behind CFD trading is similar to Binary Options (you still have to be right about direction) but a notable difference is that once you’ve decided on a direction and an investment amount, you can keep your trade open as long as you want or close it whenever you choose to. Also, the more price moves in your predicted direction, the more you can profit, so a 50 points move will generate more profit than a 20 points move (assuming the trade sizes are identical).
Of course, CFDs are more complex than what I’ve just outlined here so I strongly recommend you read our articles What Are CFDs and BO vs CFD (coming soon!) before you start trading them with real money.
Most sites will tell you how to deposit. At binaryoptionsthatsuck.com we are not worried about that, because that’s always easy; here we care about possibly the most important part of binary options – Withdrawing your profits. Brokers don’t usually cause problems when you want to depositing money, but some binary options brokers will cause problems when you want to withdraw.
At 24Option there is no maximum limit on the amount that you can withdraw (some brokers do limit!) and the minimum is 10 USD (very low). It takes between 3-7 business days to withdraw your profit; using Moneybookers speeds up the withdrawal process and the fees will be lower.
VIP-accounts don’t pay any fees for withdrawals which is amazing! Just remember that you need to send proper documents due to the regulation before you request your money to be transferred to your account.
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