It is obvious that with a bold black platform background and a gold leaf button, 24Option is definitely trying to entice investors with a trading system that exudes luxury and style. Unlike most other binary options brokerage platforms that offer PUT and CALL button for the standard (low/high) options trading, 24Option utilizes an uncomplicated minus or plus button that leaves no room for confusion. Traders can easily judge if the price will go down (minus button) or up (plus button), just as it is with any binary options trading. Another awesome feature that most people may not notice at first is the fact that 24Option offers multiple views of it trading system so that investors can choose the one that suits them the most.
Though the button for Boundary Option and One Touch trading are markedly less intuitive, 24Option clearly explains each type of trading on the right sidebar of their trading system. They also have a detailed textual description of each button above the column to reduce difficulties and minimize confusion. Generally, the trading platform of 24option is remarkable organized and highly efficient and easy to use.
24Option Features
One of the most remarkable features of 24option is the free demo account that is available to all traders. However, traders are only eligible for a free demo trading account only after making a minimum deposit of $250. Still, if you compare this with a lot of other binary options brokers that don’t offer a free demo trading account, you will discover that 24Option is still ahead of a lot of other brokers in the market.
Interestingly, 24Option also offers a BUYBACK option which allows investors to essentially “cancel or terminate” their trades up to 5 minutes before the expected expiry in order to avoid losing their trade. Though investor who exercises this option would not have all the money returned to them, it works well to avoid a total loss on the position.
24Option also offers it user’s enormous educational resources that include a full glossary of trading- related terms, charts, relevant articles, educational videos and personalized trading tutoring that is made available through live chat.
To top it all, 24Option offers a wide range of bonuses for new and old traders which is obviously a good thing. Although bonus offer is not the most important thing when choosing a binary options broker, it is definitely an added perk if you choose 24Option on your own.
Customer Service
As an innovative binary options trading platform, 24options offers a fantastic customer support service that is available via live chat, email, and phone. The support service is available in 16 different languages. Users can expect to receive prompt and courteous service from the well-trained customer support agents on this platform.
Ease of Use
One of the major complaints about 24Option is the fact that their demo account is technically not free and that its existence isn’t entirely obvious. Nevertheless, this issue is overpowered by the fact that a demo trading option is, in fact, available, even if it is a little obscured. Apart from this issue, there is hardly any other thing to complain about on this platform. 24Options pages are hosted on secure servers (HTTPS), which should give traders confidence before depositing. Their registration process is incredibly simplified and takes a few minutes to complete. There are lots of payment options for investors to deposit and withdraw their funds on this platform.
As a brokerage firm that puts a lot effort in educating it users, 24options has the industry’s most comprehensive educational resource library that includes trading videos, informational articles, personalized tutoring, trading charts and a host of other resources. Whether you are an experienced trader or a novice investor, 24Option’s binary trading videos will guide you through the complicated world of binary options trading. There are also lots of ebooks for those who prefer reading.
Conclusion
The About Us Page of 24Option clearly explains that their team is made up of professionals in the financial market and online marketing industry. A brief look at the company’s offering will obviously remove all doubt about the familiarity of the company’s founders with users’ needs and wants. Although the platforms dark background is unusual, users who get used to it will be surprised by the elegance and charm of the trading experience on this platform. 24Option is highly recommended.