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Binary Options Types
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24-Option

Overall Review of broker: 24 Options is fast becoming on of the more popular binary options brokers around. The overall offering of the broker is very good. We began reviewing this broker a few months ago and we had a skeptical stance towards them. Feedback from our readers has been purely positive so we will give them credit where credit is due. They are a solid company and we love the black web site. Reminds us a bit of when we needed to use the Bloomberg financial information system many years ago

Company Profile: The company is headquartered in the City of London, United Kingdom.

The Good: Either way, from our own checks, we found that the whole process of opening and closing an account was very good. Withdrawals were fast and we always appreciate that. The payout is also very solid at 89%.  They also have 3 types of binary options – which is what we expect these days from a solid broker and it allows more advanced traders to execute at the highest level. They also have Take Profits and Stop Losses which is wonderful. But with no way to extend a trade beyond expiry (Rollover), we are a little disheartened. Let’s hope they add this sometime down the line. However, this does not diminish in any way from their very strong offer.

The Bad: The company was a bit of an unknown to us 3 months ago but we now see them as a great offer for both new and more advanced traders. The only issue we have really is with Rollovers, and that is almost to small of an issue to even mention.

The Bottom Line: Great choice for traders to start with, especially if you have specific assets you like to trade and don’t extend your search to new trading territory very often.

Founded: 2010 is seemingly really not that long ago but in the world of binary options, 2010 was light years back. A year and a half makes this broker one of the more veteran brokers out there, testament to good service and good capitalization makes them a more solid choice than a flashy broker that just came off the blocks this past month.

Payout %: Up to 89% is a great offering and we can only say that this is what a trader should expect from all brokers, but it isn’t always the case. So thumbs up for the aggressive payout!

Expiry Variety: They offer a 15 minute expiry which is considered ridiculously short (although there is a broker out there who offers 5 minute options). In addition, they also have full day and weekend expiries so the offering is rather wide.

Binary Options Types: 3 Types of options is always good for traders. With the ability to trade ABOVE/BELOW, TOUCH, and RANGE options – trading binary options should be much easier for all traders. Remember, beginners and advanced traders alike can take advantage of trading RANGE and TOUCH options when things start going bad with an ABOVE/BELOW option. It allows hedging and more advanced strategies – so this is a big plus.

Software: They have created their own binary options software which has all the features and tools a binary trader needs to succeed. It is stable and looks great.

Asset Types: They don’t have much in the way of range here. However, most of the major trading assets are here and no one should be bored too quickly with this list. See complete list below

Screen Shot:

24option Home Page

24option Home Page

CURRENCIES COMMODITIES INDICES
EUR/USD Gold US INDICES EUROPEAN INDICES ASIAN AND OTHER INDICES
GBP/USD Silver DOW JONES FTSE NIKKEI
EUR/JPY Oil NASDAQ DAX
USD/JPY S&P 500 IBEX
GBP/JPY CAC
GBP/EUR MIB-40 Future
AUD/USD
USD/CAD
EUR/TRY
USD/CHF
USD/TRY
STOCKS
US STOCKS EUROPEAN AND UK STOCKS ASIAN AND OTHER STOCKS
Apple Vodafone None
Google Lloyds
Britsh Petroleum
Barclays PLC
Telefonica SA
France Telecom
Societe General

Payment Options: The usual here: visa, master card, Wire, Western Union, Money Bookers, Liberty Reserved

Other Features: Unlike most brokers, they have a buy back option. This means that while the option you have is active, you can sell it back to the broker. So if things go bad, and you prefer not holding to see what happens at expiry, you can dump it and get a small amount back. Good feature. As is the case with most brokers today, they offer each trader a dedicated account manager. Although not unique, it is always good to hear.

Bonus: As for bonuses, we are always the first to applaud an aggressive approach and here we are getting a 50% welcome bonus. So open an account with $500 and get $250 back for trading. Not bad at all. 

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Reviewed by David Fielder on 15 July 2011

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