“Welcome to the world’s most awarded trading platform” is what it says when you enter the website for 24option.
And to be fair, that is not an empty greeting. As far as CFD brokers go, this is one really is the grand old man of the clan. It is about as old as the concept of CFD Trading itself. It is currently under the ownership of Rodeler Limited, licensed and regulated under CySEC.
The main talking point with 24option has always been that it offers the highest returns for traders compared to any other broker in the industry. That is 89% for certain options and types of options. The trading platform is an improved version of the Tech Financials system, which is already quite popular.
24Option UK Accounts
With 24option, there are 3 types of accounts to choose from. In descending order they are categorized as Platinum, Gold and Standard. All of them require an initial deposit to be activated and all are offered along with a free demo account. You can start trading soon as your initial deposit is made.
- The minimum amount required for your initial deposit is $250 or the equivalent of that in GBP, EUR, JPY, or RUB.
- On average the minimum amount invested per option is $24 while the maximum is around the ballpark of $10,000.
- This broker is compliant with all major credit cards, such as VISA, MasterCard, Maestro International, Carte Bleue, Carta Si, Dankort and Discoverer.
- Electronic deposits are allowed via MoneyBookers.
- Wire transfers are also doable but not under the minimum amount of $1000.
- Supported currencies are the US Dollar, Euro, British Pound, and Japanese Yen. Once selected, the currency may not be switched.
- Traders are required to produce legal documentation prior to processing withdrawals as is put forth by anti-money laundering policies.
- Clients are entitled to one free withdrawal every month that is not including any fees being charged by a third party intermediary.
24Option UK Trading platform
24option contains a comprehensive center of learning which offers eCourses, ebooks for trading, interactive ebooks and trading videos all focused on inspiring the best possible trading strategies for clients with varying levels of experience.
Customer support from 24option is among the highest rated of any broker. It is available 24 hours of the day for 7 days a week via telephone, email, or live online chat. Traders can communicate in as many as 17 different languages.
CySEC regulations are decidedly quite strict and any broker that submits to them is considered trustworthy.
Every deposit from a client is separated from the operating capital and safeguarded by the Investor Compensation Program. Personal details, as well as trading details, are encrypted with the latest 128bit SSL technology. That is about as secure as they can get at this point.
24option is one of those long-standing brokers with an impeccable track record and continues to be at the forefront of the broker business.
24option also has the distinction of being the most awarded and critically acclaimed broker of them all. Factor in the sensational payoff ratio, easy to use trading platform, resourceful learning facilities and efficient customer service and it is not hard to see why this broker gets so much praise.