Considering what is on offer binary options trading with 24option? Look no further, here at tradingbrokerz.net we have reviewed a number of binary options brokers and rank 24option as one of the best brokers available. As a fully-regulated broker since 2013 under CySec, 24Option has become a leading trading platform in the industry due to a number of innovative developments from its current management company Rodeler Ltd. With its easily-recognisable executive trading interface, many traders have chosen to trade with 24Option over some of the other larger binary options brokers such as Banc De Binary and Traderush for a number of reasons.
Before looking at how the platform functions, the first thing to note with 24Option is that is it likes to keep its customers happy.This becomes fairly obvious with any visit to the brokers website which has a constant provision of competitions and offers for those signing up to a new account. From tickets to huge sporting events to iPads, 24Option demonstrate that they are willing to give things away in order to attract and encourage new existing clients. One of the most popular of these are the monthly trading competitions which offer large cash prizes of tens of thousands of Dollars to high-volume and dedicated traders using their platform. For these lucky competition-winners binary options trading at 24Option can, to say the very least, be a very rewarding experience.
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How do pay out and withdrawals compare with 24Option?
24Option clearly prides itself as being one of the most generous brokers in terms of bonuses and cash prizes, but does this also translate in to good pay out rates for its customers? Here at TradingBrokerz.com, we were pleased to find out that it has won accolades for some of the best pay out rates available on any single trade. This has seen this binary options broker winning awards for the Best Pay out Brokers of 2014 with its offer of up to 94% returns on some single trades. Needless to say that this outclasses many other brokers within the industry who generally offer a maximum of 80-85% for binary options which expire in the money.
As one of the most reputable binary options brokers available it should also be noted that, alongside the competitions and giveaways, 24Option does not restrict the withdrawal of funds to its clients. Unlike some brokers, who make it difficult to withdraw cash from a binary options trading account either by restricting the amount which can be withdrawn or the physical number of times a trader can release funds from an account, 24Option allows a free withdrawal and then applies a reasonable fixed rate for each subsequent withdrawal.
In addition to this, 24Option also provide one of the most flexible approaches to trading to suit both new and experienced traders. The minimum investment amount on any single trade is a very generous $24 and the maximum investment amount is a whopping $100,000. For those traders looking begin their trading careers, or those wanting a secure choice for very large trades, binary options trading at 24Option offers this level of flexibility.
How good is the 24Option trading platform?
Unlike most binary options brokers who use either the Tradologic or SpotOption platform, 24Option has chosen to use that provided by Techfinancials. As one of the fastest-growing platform providers, boasting the largest research and development department of all the platform software developers, this says a lot about the direction that 24Option are moving. The sleek, black interface is both highly intuitive and also powerfully professional. The charting is also some of the best available due to the Techfinancials obsession with trying to incorporate the highest-quality charting software in to its trading platforms.
The platform is available both online, as a 100% web-based interface or through the mobile apps, allowing trading directly from xxxdevice for those wanting to trade and monitor positions on the move. There is also a demo account available to traders, which is another detail which many other binary options brokers overlook, but which forms an important part of learning how a platform operates and allows some valuable practice time for new traders.
Perhaps to only criticism of binary options trading at 24Option is that, in order to access the demos account, trader will need to deposit at least $250, however this can be withdrawn using the first free withdrawal so it is essentially a risk-free deposit. Some reviewers have also pointed out that a possible downside of trading with 24Option is that a minimum deposit of $200 is required in order to open an account. Whilst this is a reasonably high amount compared to some binary options brokers that allow traders to begin trading with just $50, here at tradingbrokerz.net we believe that this is a justifiable amount for serious traders who are looking to trade with an industry-leading platform.