Binary Brokerz Review

Basics

Broker Name: 24Option
binary brokerz risk free

Platform: TradeSmarter

Founded: 2014

Return/Refund: up to 85% Return and 0 to 10% Refund

US Traders Accepted: No

Features

No. Of Assets: over 80

Regulated: No

Demo Account: Yes

Deposit Options: Credit Cards, Wire Transfer, Skrill, Neteller, Webmoney and many more.

Language: English, Nedelands, Deutsch and Arabic

Minimum Deposit: $250

Mobile: Yes

Trading Platform

The platform is geared toward comprehensively binary options trading, and so traders can gain up to 85% in a matter of minutes. Binary Brokerz’s trading platform is powered by TradeSmarter, which offers a variety of trading instruments. Traders need to simply select the desired asset, click Put or Call, Select the amount to invest and click Trade.Trading - Binary Brokerz

User Friendly

Tunnel is the real innovation here. It enables traders to trade with options that feature several strike prices -s the asset takes out each strike price, a payout is won. This trading type requires trader to be aware of the direction as well as the range of the movement.

BinaryBrokers also offer a mobile trading application for maximum binary options experience on the gomobile - Binary Brokerz

No. of Assets and Expiry time

They have about 80 assets

  • Standard binary options – these are the familiar to the entire audience Above and Below options, as well as the special Put/Call options
  • 60 second options – for faster results and great profits
  • 15 minutes binary options for average expiry time lovers
  • Ladder options for advancing progress in the field
  • Touch options with great payout ratio
  • No touch binary options

Commissions, Support (Customer Service) and Effective Return

  • High/Low: This is the traditional Call/Put option with payouts of 85%. You simply predict the direction of the price of the underlying asset.
  • Sixty Seconds: The sixty second option gives traders the opportunity to turn profits by the minute, and the payout is quite high as well at 85%.
  • StrategiX: This technically a combination of touch and boundary options which give traders an opportunity to choose amongst four predictive levels.

Traders can predict whether a trade will trade above or below two levels (up and beneath the current market price within a given time), or whether the price would remain range bound without touching the two levels for a potential 318% and 125% payout respectively.

Also, traders can also predict whether the price will touch or fail to touch a particular level for a potential 154% and 21% payout, respectively.

The payouts also depend on the type of asset and the prevailing market price and are determined by the broker. Sometimes the payout could be higher or lower than the listed percentages.

The customer service team at BinaryBrokerz is considered by many to be the broker’s crowning glory. BinaryBrokerz is staffed by real binary option trading experts and on-call and emails 24 hours a day in several languages and it is a genuinely impressive customer care package. You will get the quick solution to your problems at BinaryBrokerz. On the other hand, traders who usually spend more time on the phone will find a benefit because BinaryBrokerz has a very user-friendly mobile platform.

Deposit and Payment

Deposits

Binary Brokerz has opened up several avenues for traders to deposit money in their trading accounts.Deposit Methods in Binary Options

Traders can do this via three broad ways, which include wire transfer, Credit/Debit cards (Visa, Visa Electron, MasterCard, Maestro, and American Express), and Electronic payments (Skrill, CashU, iDeal, WebMoney, and Neteller, among others)

The minimum deposit is $250 and the minimum trade amount per position is $25.

Withdrawals

The two main withdrawal methods at Binary Brokerz are bank wire and credit/debit card. Withdrawal via credit/debit card is not charged, but any withdrawal done via bank transfer attracts a fee of $25 per withdrawal.

Additionally, traders cannot withdraw their bonus unless they achieve 30 times of the bonus figure worth of trading volume. Therefore for every $1 bonus, a trader must achieve $30 worth of trading volume.

Also all withdrawals are subject to identity/physical address verification by submitting various documents.

 There are various account types and deposit methods are available on BinaryBrokerz.

  • Basic: This account type represents the lowest deposit amount required for traders to begin trading which is $250. The highest deposit in for this type of account is $999.

The package also comes with a demo account of $1,000, an eBook, access to Daily Market Reviews and five basic personal educational lessons.

However, with this type of account you do not receive the risk free rate and there is no personal broker privilege.

  • Silver: This account type attracts initial deposit of $1000-$2,499. The account comes with a dedicated personal broker a demo account worth $5,000 and a 5% risk free rate.

Traders also get to enjoy the benefits received by silver account holders, but in this case, the bonus comes at 45% while there are 10 standard educational lessons.

  • Gold: This is the most popular account type and requires a deposit of $2,500 to $9,999. The demo account is worth $15,000

Furthermore, traders receive 20 advanced educational lessons along with the other benefits received by Silver account holders.

  • Platinum: This account type comes with amazing benefits including a private call for notifications on possible high impact announcements, as well as, a dedicated chief broker as compared to junior broker for Silver and Senior broker for Gold accounts.

The demo account has $50,000 worth of trading amount. The traders also receive 50 premier educational lessons along with the other benefits received by gold account holders.

Website Extras

Binary Brokerz offers the Risk O-meter, which is really an amazing tool allowing traders to customize and control their risk, meaning you can lower the payout and losing amount. For an instance, your will receive 80% payout when risk is 100% and 60% payout for 70% risk. Besides that surprising tool, you will also get a personal experienced broker to guide you. In addition, traders are eligible for a ‘Free demo account’ if they make a minimal deposit.

Other interesting and unique features about BInaryBrokerz’s trading platform include the availability of multiple choices of trading charts such as Social Chart, Line Chart and Candlestick Chart. These charts are useful since they provide traders with alternative perspectives about market conditions.

Pros

  • Free signals
  • Quick Withdraws
  • Social Trading Supported
  • Sophisticated StrategiX trading mode
  • Support Mobile Trading

Cons

  • Demo When Deposit
  • Incomplete FAQ

Conclusion

BinaryBrokerz is becoming more respectable in the industry and we are not surprised by that. In fact, their business policy is based on expert knowledge and providing helpful guidelines to their customers to make them successful in their trading life. BinaryBrokerz platform is modern, their deposit and withdrawal processes are very effective and time savvy. In other conclusion, BinaryBrokerz is a well-balanced broker company and they are improving day by day.

Novice traders can trade with smaller deposits and can learn trading strategies while experienced customer can get expert suggestions from the BinaryBrokerz Expert Team.

FM Trader Review

Basics

Broker Name: FM Trader

Platform: SpotOption

Founded: 2013

Return/Refund: 65-89%/0-10%

US Traders Accepted: No

Features

No. Of Assets: over 200

Regulated: No

Demo Account: Yes

Deposit Options: C.C., WireTransfer, Moneybookers, CashU, Qiwi, Yandex Money

Language: 6 Languages (English by default)

Minimum Deposit: $250

Trading Platform

fmtrader_reviewFM Trader is a new broker who uses the Spot Option platform which is known to be one of the best in the industry. There is no need to download any additional software but at the moment all brokers have web-based technology so that’s neither an advantage nor a disadvantage. “A grain of sand on a beach” probably describes best this broker: they don’t stand out of the crowd at all. If you would take away the color layout, they would be exactly the same as probably 10 other Spot Option brokers. The information is all the same rehashed stuff about how profitable Binary Options are and how easy to trade, even with no prior experience. Sure, Binary Options trading is profitable… if you do it right, but I don’t think that FM Trader can help you do it right. All I can see on the FM Trader website is information suitable for the total newbie who doesn’t know anything about Binary Options and he is just being introduced to this financial instrument, but it stops there and no additional usable information is given.

User Friendly

fmtrader_review_chartingThe website is presented in 6  languages: English, Spanish, French, Italian. and 2 more. The platform that Option.FM provide is very user friendly. The direction based system lets you profit from placing up or down trades on a wide selection of assets. You can trade a whole list of currencies (such as the EUR/USD, USD/JPY etc), commodities (such as corn and coffee, as well as the precious metals), stocks (such as Google and Amazon) and also indices (such as the Nasdaq or FTSE).

 

If you predict the direction correctly in your chosen time frame, you win a pre-defined percentage profit of any amount you choose to invest. The fact that everything is set in advance is invaluable in helping traders know where they stand and take control of their own financial decisions.

No. of Assets and Expiry time

FM Trader offers traders 20 stocks, 12 currency pairs, 7 commodities and 21 indices as underlying assets. That’s not outstanding but a trader will definitely have enough assets to trade. The expiry times start from 60 seconds, half an hour, hourly and go as high as the end of the week. One Touch Options are available and so is an Option Builder tool.

Commissions, Support (Customer Service) and Effective Return

FM-Trader-Open-PlatformNo commissions will be charged for opening an account and Credit Card withdrawals are free of charge; however a $25 fee will be paid for a wire transfer withdrawal. Their support is fast enough and pretty polite but they have the bad habit of answering a question with another question or avoiding the ones they don’t like. The effective return for In the Money trades ranges between 65% and 89%. Out of the Money trades have a 10% refund.

Deposit and Payment 

Deposits can be completed through Credit Cards, Qiwi, Yandex Money, wire transfer or CashU and the same applies for withdrawals. Keep in mind that you will have to withdraw to the same Credit Card or CashU account you used for deposit. Minimum deposit is $250 and minimum withdrawal is $100.

Website Extras

Nothing makes them stand out and all the features are standard. Expiries, Option Builder, Pro Trader and Rollover and Close Now features. They have some 1-1 lessons and working on some new educational materials, yet nothing stands above others.

Nice photo of FM trader Team

Nice photo of FM trader Team

Conclusion

At first glance, they have a pretty well organized website, with a lot of educational videos, an e-book and no over the top marketing. They keep it simple and maybe this fact will prove to be one of their strong points. They don’t really stand out and the website looks just like most Spot Option white labels but they are pretty new and maybe they have time to improve. FM Financial Trader is good broker overall. They have responsive 24/7 customer support, many trading features,  and a welcome bonus up to 100%. We recommend FM Financial and give them a rating of 4 out of 5 stars.

AnyOption Review

anyoption risk freeBasics

Broker Name: AnyOption

Platform: AnyOption

Founded: 2008

Return/Refund: 65-75%/0-20%

US Traders Accepted: No

Features

No. Of Assets: 97

Regulated: No

Demo Account: No

Deposit Options: C.C., WireTransfer, Moneybookers, CashU, More

Language: Spanish, English, Arabic, Japanese and More (14 in Total)

Minimum Deposit: $200

Trading Platform

Unlike other brokerages that use a 3rd party platform such as SpotOption, AnyOption uses its own platform. Is this a good or bad thing? Judging from how user friendly this platform is, it’s a really good thing.Anyoption-Review-Inside-the-Trading-Area

This platform can be described as simple but very high-tech. This is very rare in this industry wherein it seems as if you have to choose between simple and high-tech. This is why it’s very rare for a platform to be appreciated by both beginners and experts. Of course, beginners want something simple while experts need something high-tech.

With the AnyOption platform, you get a platform that’s both.

User Friendly

AnyOption is among the most user friendly brokerages available for both beginners and experts alike. We’ve already discussed the fact that it uses its own platform and the fact that it’s very user friendly. In addition to being simple and high-tech at the same time, it also has other user friendly features.

For starters, there are loads of materials that you can check out to familiarize yourself with binary options. You can even use these materials to brush up on your knowledge, or maybe you can find some things that you don’t know yet even if you’re an expert.

There’s one thing about AnyOption that blows the competition out of the water – the fact that it’s offered in 14 different languages. In addition to the usual English and Spanish, you can also access the website in Japanese, Arabic and many more.

No. of Assets and Expiry time

AnyOption has an impressive line of available assets totaling 97 all in all. The platform allows you to trade on 32 indices, 9 currencies, 60 stocks and 4 commodities. While they don’t have the most number of tradable assets, 97 is still an impressive number. You can also trade Bitcoins.

anyoptions bitcoinThe expiry times are also good. They don’t have a 60 second expiry time, but they do have expiry times ranging from 15 minutes to two days on most of their assets. The most impressive thing is this includes the weekends.

Commissions, Support (Customer Service) and Effective Return

You’re not going to be billed when you first make a deposit or when you first purchase an option. One withdrawal every month is free. This means that you have to pay a fee for any withdrawal thereafter. Usually, you’ll be charged with a $30 fee for every withdrawal that you make after the first free withdrawal.anyoption-customer-support

Customer support is also outstanding. There are several international numbers that you can take advantage of. Email support is also there. If you’re like most people, live chat is the way to go. This is why you’ll be happy to know that their live chat is way better than most brokerages.

Deposit and Payment 

The minimum deposit is an industry standard $200 or €200. You can make a deposit via several options including wire transfer, CashU, credit card, MoneyBookers and more. The same options are available for withdrawals.

Website Extras

AnyOption gets strong marks for its extras. There are account managers, 0 to 100 Options and even a trading data for users. You’ll also get a unique platform that is only available in sites carrying the AnyOption brand. This means that the platform was created with the site in mind and of course, its users. This platform is very innovative as well.

anyoption-2With this platform, you can take advantage of the Call or Put options and even the Option+ feature. The Option+ feature is an amazing feature that allows you to shut down or extend the asset’s expiry time even after it was already purchased.

In addition, it also comes with an SMS feature and can be accessed via your smartphone. You should also check out the ShowOff feature.

Pros

AnyOption is a trailblazer in binary options, being one of the first to introduce a platform for trading binary options. Being a pioneer, it constantly evolves and innovates, as shown by its amazing set of features that beginners and experts alike will love.

It’s also fully-regulated. This means that traders can trade in confidence. Traders will have useful tools at their disposal and the refunds are nice. For example, a beginner will enjoy refunds that can go as high as 20%.

Cons

AnyOption isn’t perfect. It doesn’t have a virtual demo, but neither do most sites. There is not much downside to discuss. After all, AnyOption is basically a model for other brokerages to follow.

Conclusion

AnyOption is a fully-regulated brokerage that has the tools that can set you up for success. You can also be sure that these tools will be constantly updated. This is something that you can expect from a pioneering company. However, this is not to say that they’re constantly changing things. They’re known for sticking to tradition, meaning the things that are known to work. They improve, and not change the way they trade. Instead of investing on new trading strategies, they invest on improving their current strategies. It’s available for smartphones too.

Mobile-Trading

You’ll love how user friendly the platform is. This is to be expected. After all, it has its own platform. The AnyOption platform is so great that SpotOption, which is used by a lot of brokerages, is based on the AnyOption platform. That says a lot about how user friendly this platform is, knowing how user friendly SpotOption is.

This is a good brokerage to try if you’re afraid of being scammed. This is a valid concern since binary options trading is considered to be in its infancy stages. If you don’t feel like risking a lot, stick to the classics like AnyOption.

StockPair Review

stockpair risk freeBasics

Broker Name: StockPair

Platform: StockPair Trading Platform

Founded: 2010

Return/Refund:  75% to 83% Return and 0 to 10% Refund

US Traders Accepted: Not Accepting Traders from the US

Features

Number of Assets: 150

Regulated: Yes

Demo Account: Free Demo Account

Deposit Options: Credit Cards, Wire Transfer, MoneyBookers, and many more

Language: English, French, Spanish, Italian, Arabic, Dutch and many more.

Minimum Deposit: $200

Trading Platform

The trading platform of StockPair is totally unique. It is highly intuitive and allows traders to select stocks from a long list of stock pairs, including binary options, by using their easy-to-use drop down menu.

Stockpair-screenshotWith StockPair, the trader can profit from the movement of one stock in relation to another, which is similar to trading currency pairs. This is truly a unique way of trading that other binary options brokers do not have. In fact, the white label software such as SpotOption does not currently support this feature.

User Friendly

In order to help make the binary options trading experience as easier and as more profitable, the trading platform of StockPair is loaded with features designed to help all traders, whether beginners or professionals. They have risk management tools, such as the trade control, an early sale option, and the expiry which is decided by the trader.

They also have technical analysis charts as well as extensive training guides that could assist all traders. They even have reports that show the trader the chart of the closed traders in order to help improve his strategies as well as learning process. Furthermore, their website and their trading platform are clean and sophisticated and are available in various languages, such as English, French, Spanish, Arabic, Dutch, Italian and many more.

No. of Assets and Expiry time

The total number of existing assets of StockPair is 150. This includes the indices, currency, as well as stocks and commodities that are being traded in Australia, the United States and Europe. StockPair_MarketrsStockPair’s expiry time is great as well, which stretches from minutes until several months, and includes most of the fixed pair assets. They also have floating pairs available a week, a month or a day.

Commissions, Support (Customer Service) and Effective return

StockPair will not charge for any fees and commissions from the traders, even when they make their first deposit and when they purchase options, until they withdraw. Their customer service support line is available 24 hours a day, seven days a week, and they have toll free support for eleven international numbers, including English, Italian, Spanish and French.

They also provide support via email and chat. Their chat support is so convenient and the customer service reps are very polite and quick. You just need to go to their website, refer to the customer support section and fill out the online form for the chat.

The effective return of StockPair is on the above average in the industry, which is 82% in Money and 80% return on most of the assets on fixed pairs. The floating pairs can also reach to as much as 400% and even more in returns. There is also a 0 to 10% refund.

Deposit and Payment 

The minimum deposit of StockPair is at average, which is $200. This is especially great for those who are new in the world of binary trading options. Deposits can be made through Credit Card, Cash-U, Wire Transfer, Money Bookers and many more.

stockpair-premium-trading-accountsThe withdrawals are often available through the same methods.  StockPair does not offer cash backs on volume for any given month.

Website Extra’s

stockpairStockPair is not like your typical binary options broker, and thus, you cannot expect a lot of website extra’s from them. Despite that, their website is highly impressive and comes with really great trading tools. They have the rollover and early closure that comes with charts that are very helpful. They also provide their customers with information about the market through its market reviews, guides, as well as the latest news on the binary options broker.

You will also find information about the company on the homepage as well as an FAQ section which somehow helps new traders to understand more about the company. Furthermore, their recent trading platform comes with extend as well as close now options.

Pros

StockPair comes with so many advantages, which is why it is among the most preferred companies in the industry of binary options trading. Some of the advantages that you can enjoy with this platform are:

  • They provide daily market analysis to consumers.
  • They allow you to earn high profits, which is as much as 350% for every trade.
  • They have a wide selection of assets.
  • They provide several helpful resources and materials.
  • They are available in so many languages.
  • Their customer service support is highly reliable and is available 24/7.
  • They have a very user friendly and highly intuitive interface.

Cons

Just like with other companies, there are also some disadvantages that come with the StockPair, as a company for binary options trading, and among these are:

  • They do not have the 60 Seconds Option.
  • They are not available for US Traders.
  • They do not offer out of money refund.

Conclusion

StockPair brings a whole new meaning to the world of binary options trading, by allowing their traders to make deals that are based on familiar products as well as various trading strategies that are very easy to understand. Not only that, they provide a low minimum deposit as well as low minimum trading amount of $20, with a maximum payout of $6,000  per option.

But just like with other brokers, there are also disadvantages that come with StockPair and perhaps their biggest disadvantage lies on the fact that they lack the 60 Seconds options. Nevertheless, the StockPair is highly recommended for newcomers and professional traders because their trading platform provides a direct and simple way for traders to be able to profit from market movements. And by having an excellent customer support team, StockPair will certainly not disappoint.

Banc de Binary Review

bancdebinary risk freeBasics

Broker Name: Banc de Binary

Platform: SpotOption Platform

Founded: 2009

Return/Refund:  70 to 88% Returns/ 0 – 15% Refund

US Traders Accepted: No

Features

No. Of Assets: 90

Regulated: No

Demo Account: Free demo account available

Deposit Options: Wire transfer, credit cards, and MoneyBookers.

Language: English

Minimum Deposit: $250

Trading Platform

Banc de Binary makes use of the SpotOption platform for their trading platform and this is actually one of the most intuitive and easy to use platforms available. There are currently seven different trade types that the Banc de Binary offers and these are the Long Term, High Low, One Touch, Option Builder, 60 Seconds, Pairs and the BinaryMeta. bancdebinary-platform

You will find tabs on top of the user interface allowing you to easily switch from one trade type to another. As soon as you click on the trade type, you will be able to see the various assets available to trade.

User Friendly

Banc De Binary has the most intuitive and easy to use trading platform. The tabs easily direct traders to a certain trading style, either 60 second option or the One Touch option.

BancDeBinaryInterfaceWhat makes them to truly excel is that they have made all possible efforts to ensure that their traders will be able to fully understand how things are working. On their website, you will find an audio explanation of how things are to be done, along with a video presentation as well as an ebook. The traders could easily take their pick from the tutorials just to make sure that they are fully comfortable with the service before they start to trade.

Perhaps, the only thing that will discourage traders from their site is those annoying pop-ups that keep on appearing when you navigate through their site.

[success]No. of Assets and Expiry time[/success]

Currently, the Banc De Binary has about 90 assets available on their platform. Traders can choose from stocks, commodities, indices as well as currencies. The best thing about them is that the traders will have the option to request for assets in their platform for those that are not readily available. They do this to make their customers fully satisfied because their primary goal is their customer’s satisfaction. You can see all assets in a live view diagram.

Banc-De-Binary-Meta-PlatformThis is one of the reasons why they are hailed as one of the leading brokers for several years now. All of the usual expiry times are offered, and this includes the One Touch trading, 60 seconds trading, as well as the Option Builder that will let you select your own expiry time.

Commissions, Support (Customer Service) and Effective return

The Banc De Binary will not charge any fees for every deposit made although there will be a charge if you choose to withdraw right before you place any trades. The percentage could go up to as much as 7 percent and they will not charge you anything for withdrawing. However, there might be some fees you could end up paying for bank transfers and other options for withdrawal that you’ll choose.

Their customer service team is very alert and courteous as well and you will get all the support that you need. In fact, they have once bagged the 5 Star Customer Service award, all because of the excellent service that they provide for all their customers. According to their website, their effective return could go as high as 91%.

Deposit and Payment 

Open-a-Banc-De-Binary-AccountThe minimum deposit amount for Banc De Binary is $250 and the deposit can be completed in various ways, either through MoneyBookers, Credit Card, Wire Transfer, as well as AlertPay. You can also receive your payments in the same way, meaning via the same options that you can choose from when making a deposit. So if you have made your deposit through a credit card, then you can withdraw your payment on the same credit card.

Website Extra’s

There is an extra section on their website which focuses towards educational materials, which is definitely a great thing especially for new traders. The website also features an FAQ section which answers everything related to trading, so traders can refer to this if they have any doubts or if there are things not clear to them.

Banc De Binary also provides clear information on their site on how to deposit and withdraw funds, which serves as guidance to all traders. They also have a daily market review feature on their site, although it is not often updated.

Pros

There are indeed lots of advantages if you choose Banc De Binary out of other brokers for binary option trading. Among these advantages are the following:

  • Wide variety of binary option types.
  • Easy to use website with clear tabs.
  • They have a huge list of assets.
  • They focuse on providing satisfaction to their customers.
  • Their customer service team is highly exceptional.

Consrisk free bank de binary

There are only a few drawbacks that you can find with Banc De Binary and these are some of them:

  • The daily market review section on their site is not often updated.
  • Their education section lacks information and needs to be improved.
  • They do not accept traders from the US.
  • Annoying pop ups keep on appearing on their site.

Conclusion

Banc De Binary indeed is among the best names when it comes to the industry of binary options trading. All the great services that they provide have somehow helped to entice clients to sign up with their company. They also offer first time deposit bonus of as much as 100% of the amount deposited.

The platform interface on their site is so easy to use and the platform offers a huge selection of assets and trade types. Unfortunately, the Banc De Binary will not accept clients from the United States. Overall, it is safe to conclude that the Banc De Binary is one of the best choices when it comes to binary options trading.

24Option Review

risk free 24optionBasics

Broker Name: 24Option

Platform: Tech Financials

Founded: 2010

Return/Refund: up to 91% / 0%

US Traders Accepted: No

Features

No. Of Assets: about 130

Regulated: Yes

Demo Account: Yes

Deposit Options: C.C., WireTransfer, Moneybookers, CashU and more

Language: 16 all in all including English, German and Spanish

Minimum Deposit: $250

Trading Platform

If you’ve been checking out several brokerages, you’ll be surprised to see that 24Option is not using SpotOption. After all, most of the popular brokerages are using the SpotOption platform. 24Option is using the Tech financials platform. Is this a good or a bad thing?

24OptionInterfaceOnce you’ve gotten past the initial surprise, you’ll see that this platform is actually very good. The fact that 24Option is not using the more popular platforms shouldn’t be taken against it. This is because just like the most popular options, the Tech financials platform is also very user friendly as well. After all, it’s web-based as well.

User Friendly

Speaking of the Tech platform, it plays a good part in making 24Option very user friendly. As mentioned, it’s a web-based platform so you don’t have to download anything. This makes it very simple and easy to use.

Being on a web-based platform, 24Option did a good job in making sure that their website is beautiful. In fact, check it out and you’ll agree that it’s one of the best as far as appearance is concerned. At the very least, you can see elegance when looking at the website.

Of course, you have no use for an elegant and beautiful website if it’s not functional. As far as function is concerned, 24Option scores high marks especially with how simple trading is when using the platform. You can trade different option types with one click of the mouse.

24option-option-typesFor starters, information is readily available so you can make an informed decision when trading. Unlike in other platforms wherein you need to do a couple of clicks to see information about an asset, all you need to do in this platform is to click on the asset once and the information will appear above. In addition, additional charts are also provided for additional information.

If you’re just starting out, you’ll find that the FAQs section is very useful. You’ll really find a lot of your questions answered there. This way, you don’t have contact their customer support team; not that the customer support team is bad. This will be discussed in more details later.

In addition, you can also check out the glossary section. Both the glossary and the FAQs section are updated regularly.

No. of Assets and Expiry time

There are about 130 tradable assets. In addition to 45 stocks and 31 currencies, you can also trade on 21 indices and 10 commodities. Of course, it can benefit them and their traders if they’re going to increase this number.

24option-Full-AssetAs for the expiry time, you’ll have good options like 60 seconds, a few minutes, and even a couple of days.

Commissions, Support (Customer Service) and Effective Return

It’s good to know that you don’t have to pay 24Option just so you can make an initial deposit or purchase options. Also, the first withdrawal every month is free. You’ll be charged $30 for succeeding withdrawals.

We’ve also mentioned customer support as being “not bad”. Actually, it’s pretty good. First of all, you can contact them via their 13 international numbers. In addition to English, you can also use Spanish, Italian, French and more.support

If you don’t have time to pick up a phone, you can also send an email. But if you’re like most people, you prefer the live chat option. You’ll be happy to know that their live chat team is very friendly and helpful.

The effective return is among the best at around 70% to 91% for In the Money. For most assets, the average is around 85%, which of course is pretty good. As for Out of Money, you can expect something around 5% to 15%.

Deposit and Payment 

The deposit amount is higher than most brokerages at either $250 or €250. For most people, the difference is not that significant considering the benefits offered by the platform.

Deposit_CCYou can make a deposit via several options namely MoneyBookers, wire transfer, CashU, and credit card. You can also make a withdrawal via the same options.

Website Extras

This brokerage has some strong extras. For starters, you don’t have to settle with just high or low trading because there are other trading options. First, there’s the one touch option wherein you can make a decision whether an asset will be at a specific value or not before expiry time. This is a good option for trading over the weekend. There’s also the boundary option wherein you can get a 75% return if the asset falls in or out a set boundary.

plateforme-1In addition, you can also get important details from Yahoo! Finance with a click of a mouse.

Pros

24Option scores strongly in all categories. This platform is very trusted in the industry so you can trade in confidence. As mentioned, trading here is very easy. In addition, customer service is top-notch.

Cons

Unfortunately for US traders, EU regulations now disallow US traders.

Conclusion

The mere fact that it’s highly regarded in the industry means it’s a good brokerage to try. This is especially true since there are a lot of scammers in the industry. If you want to be able to sleep peacefully after trading, this is a good place to do your trading.

This is a very user friendly platform which gives you tools that can help you succeed like information from Yahoo! Finance and other informative materials. If you look beyond the fact that the list of assets is rather short, this is the perfect brokerage to try.