24Option is a Binary Option Broker owned by Rodeler Ltd. 24Option is located at 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103. Rodeler Ltd received their CySEC license as a regulated broker on July 11th 2013. 24Option has also registered with CONSOB in Italy, BaFin in Germany, AMF in France and the FCA in the United Kingdom, see here.
24Option Promotions
Exclusive Offer! New Traders Receive a 100% Welcome Bonus, Register Here.
New Offer! Get a Risk Free Trade, see here.
24Option recently started offering Free Trading Signals inside their platform, see here.
24Option Platform Review
24Option uses the Tech Financials trading platform. They have the most currency pairs available for trading! Some brokers use their own market prices, 24Option uses real time Morningstar price quotes, assuring traders receive the real market prices.
Watch this video review of 24Option, showing traders the 24Option trading platform and various options they offer. Traders have over 100 assets and currency pairs to trade binary options with 24Option. Another reason 24Option has become one of the most popular brokers worldwide is their many deposit options. International traders have the option to use Skrill, Webmoney, Sofort, Qiwi, AstroPay, and more.
In case you are wondering what is the maximum trade size at 24Option, the limit is now $100,000 per trade! Their minimum trade amount is $24. Minimum deposit is $250. (GrandOption now has a $250 min deposit also). That is one of the lowest minimum deposits for a regulated binary option broker!
24Option Licenses & Regulation
What we look for in binary option brokers to determine if they are a legit broker or a scam broker is very simple. Did a regulator body like CySEC in Cyprus give them a license and do they fall under the MIFId regulatory rules in the European Union (EU)? Are they registered with the Italian CONSOB or the German BaFin or the Finanstilsynet (The Danish FSA)?
24Option was owned by CBAY before they merged with Rodeler Ltd in December of 2013. They are a financial services company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. 207/13.
The parent company of 24Option, Rodeler Ltd, has recently launched a new broker using the Scipio trading platform called Grand Option and a mobile only broker called QuickOption.
When choosing a binary option broker it is always important to check the list of CySEC regulated brokers to see if the broker you would like to open an account with is regulated by a government regulatory agency. The benefit of using a broker like 24Option is that since they are regulated, if you have a complaint about 24Option, you can just go here, fill in the form, and it goes directly to their regulator CySEC. Click here to view details of 24 Option Regulatory Oversight. This means that 24Option is a legitimate binary option broker. 24Option is not a scam broker!
24Option is a member of the Investment Compensation Fund. This gives traders protection of up to 20,000 euro in the event that the broker cannot fulfill their obligations.
Compare 24Option
If you already have a 24Option trading account, and you are looking for another broker to trade with;
Banc De Binary (read review) is a popular broker worldwide. They are most popular with traders who use the automated trading software called Binary Option Robot.
TopOption is licensed in all of Europe and South Africa, offer free trading signals and they use the KeyStone trading platform.
GrandOption (read review) has a similar trading platform, they offer 100% returns, plus you can get a risk free trade.
There are many brokers to choose from, see the Top Rated Brokers.
