24Option Broker Reviews is not a scam
24Option Review – This is the most full and complete review on the web, about 24Option trading forex and binary options
Everyone is looking for a way to earn that magic pot of gold that will give them financial security for the rest of their lives. Some look to invent some great gadget or idea, others plan on turning their business into that amazing gold mine. However, there are many that opt to invest their money, looking for the perfect option that will turn their meager earnings into a fortune in as quick of a time as possible.
To accomplish this, many turn to a broker to give them sound financial advice that can allow them to make money, big money, in a short period of time, or to expand their earnings progressively over the years until they reach an age where they can step away from their job and live off of the financial windfall that they made in the market.
While this has been a highly successful option for many over the centuries, the problem is that finding the right broker is not always as easy as searching for “Great Brokers” on the web and expecting that a list will pop up with all the great ones. It takes some effort, and you want to find an organization that has a proven record of making money for their clients. This is why so many are turning to 24Option (click here to sign up ) to be the broker that will assist them to in meeting their financial goals.
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Who Is 24Option
This 24Option review starts with an examination of who 24Option is and how they got started. The first thing to start with is the fact that 24Option is not a scam. This is a legitimate company that has been in business online since 2010 and has helped thousands of clients to improve their portfolios and to improve their financial goals.
24Option offers you binary options in trading, which will be explained more later on. Located in Cyprus, this organization has offered online brokerage solutions since 2010, using a financial software package that is one of the best in terms of predicting trends and analyzing where the market seems to be headed.
When 24Option began, they made customer service a hallmark of what was going to separate them from most other organizations. They understand that customers are not only valued clients that need to be attended to, but they also understand that these clients are entrusting the organization with their finances, and so they are dedicated to making sure that this trust is not lost.
The 24Option Platform
24Option (click here to sign up ) uses the Scipio trading platform for their binary options. This was implemented in December of 2016, to make sure that the organization offered the very best platform that afforded clients to have a means where they could make money and decrease the chances for loss.
24Option allows customers to trade in a variety of currencies, and even allows you to invest in one currency but take your money out in another. This allows people to put their money into a trading account using the Yen, Dollar, Euro, Pound, and more, yet get the money out in one of the other currencies that company uses. What really separates them from any other brokerage firm is that 24Option offers the most currency pairs available for trading, far more than any other organization.
In addition, there are over 100 underlying assets that a client can trade in. As a general rule, the organizations that offer a larger number of assets are the ones that really offer a dynamic and customer friendly experience to their clients. This is why 24Option excels so well, because they are one of the leaders in terms of assets available to clients.
Because the number of assets is so large, this ensures that customers have the choice if they want to diversify and they can target their strategy so that they are able to make transactions that will benefit them in more ways than one.
There are exactly 120 assets available to you to trade in, which is more than 99 percent of the other brokerage firms on the planet. Why they are able to accomplish this is because they are the longest running firm that offers binary trading options to brokers, giving you the option to choose over six stocks, commodities, indices, and currency exchanges. No one currently matches that to this point.
Stocks that are available are come from some of the biggest companies on the planet, some of the most well-known in the world. This includes such businesses as oil companies, telecommunications companies, retailers, car manufacturers, service industry providers, and technology companies.
Besides stock, you will also be able to trade in commodities. This is a popular asset for many who like to trade because these are items that virtually always go up in value or remain stable, such as gold, silver, copper, oil, and platinum. 24Option can help you to build a strategy so that you can get the right kind of commodities or the right combination to make your portfolio grow faster.
There are a great many options for indices as well, but24Option (click here to sign up ) does not offer as many options as you will find with some other brokers. That does not mean that you will not find big name organizations to invest in, including the Dow Jones, FTSE 100, and the S&P 500 as well as China’s Hang Sheng and the Russian MICEX.
In terms of currency pairing, 24Option is one of the leaders for those who are looking to invest to see which currency will do better. There are options from all over the world, and you will find that the pairings are ones where there have been cause to believe that an investment will be a good one. A few of the pairings that are offered include:
Those who are looking to invest their money in 24Option also have a number of options on how they want to deposit their money. This includes Skrill, Webmoney, AstroPay, Sofort, and Qiwi, among others. Getting started is easy and we will review that later on.
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What Is a Binary Option
Most of us are probably quite familiar with the traditional kind of trade. A person invests in a stock or commodity and hopes that the value rises. If not, they lose money; if it does then they make money. This is what is the most common type of trading.
However, binary options are a bit different. In a binary option a couple of questions are asked and a range is set to help minimize the loss that one could face, but also reduces the opportunity for profit depending upon the values that are set.
Many investors like this option because it makes trading a lot simpler in many respects. What the investor is looking for is to determine what is likely to happen with the stock. This may sound like what you would do with any stock, but maybe an example will clear it up.
Let’s say that a stock is selling for $50 per share. Someone could take a binary option on that stock that at a certain time, say 11:00 am, on a certain day, let’s say June 7, the stock will reach a certain value. When that value is reached then the investor is a winner. If the value is set to $30, let’s say, and that value is reached prior to 11:00 am on June 7 then the person would be awarded the profit of reaching the goal that they expected to see to reach.
In the binary option you can also go the opposite direction. You can predict that the stock or other commodity will not have success in will actually lose money and if you are right then you will reap the benefits of this is well. If the same stock is valued at $50 and you believe that it will fall to $30 or just decrease in value at all, you can gain a profit from this as well depending on which kind of investment option you decide upon.
These kind of exchanges are usually done over the internet and with good reason. Most of the people who get involved with the binary option are looking to make quick investments. It is much harder to predict where a stock will go a month from now, so investing in a binary option on that stock simply doesn’t make sense.
However, if you are talking about what may happen an hour from now then that is an entirely different story. An investor could see how the market is going or how that stock finished the day before and decide that it is worth the risk to set a value for what they expect to happen two hours from now. This allows them to make a quick investment which would get bogged down if one had to contact an investor and they had to place an order for the client. By having direct access through the internet, that investment becomes a quick move that the investor can react to within minutes, evening setting value for a point 15 seconds from the point when they placed the investment.
Interestingly enough, binary options don’t need to be made on stocks at all. They can be placed against the whole indices if one wants. Here is an example.
If someone was watching the Down Jones and saw that it was nearing 20,000, they could decide to set a high mark of 20,200. They set a point of 12:00 pm and then watch to see what happens. The investor then purchases a binary call of $100 let’s say. What this means is that if it reaches that point the investor doubles his money. If it should fall then he forfeits the money. This is the other way that a person can earn money by simply betting for or against an event occurring.
How Does 24Option Help
This sounds like a fairly simple option that just about anyone can do, but there is a lot of risk involved here. Most people are not putting $50 on a binary investment or, if they are, they are putting hundreds of these investments down in a single day. This is like the ultimate method of gambling where the investor can be involved in many games at the same time. That is what is so enticing to so many people about this.
The problem is that many choose to simply play their hunches and hope they are right. This can turn the most successful investor into a poor man or woman in no time at all. You have to be smart about this and this is where the organization can be of big help.
The 24Option opinions can truly be of help to you, but it is important to understand that this does not mean that you have to speak with someone to gain those opinions. This can slow you down significantly and so there are other means to get these opinions.
It starts with a whole lot of data that is easy to read and understand. There are charts and guides that are available that will show trends, rates over a period of time determined by you, and a prognostication of where the stock is likely to go. These estimates are not only made by what the computer sees happening with that stock and market as a whole, but analysts with decades of experience are also watching to see what may occur and use their keen insights to provide what they think will happen soon. It is truly the best of both worlds.
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The Available Trading Options You Can Make
One of the things that this24Option (click here to sign up ) review has found is that there is a wide variety of trading options that a person can make. This is another reason why the organization has quickly established itself as a leader.
There are three main categories that trading falls into:
Asset specific options – These lists can be used to place trades from a specific list of assets and only the assets on that list can be used.
Time specific options – These are trades that stay live for a specific duration of time. You have the option of deciding on long term or short term trades.
Mixture – you can mix the two previous options to focus on specific assets in a certain time period.
24Option trading options all fall into these categories that were listed above but there are four actual trading options that you can choose from when making your trades. They include:
24Option Binary options are probably the most commonly made transaction with the organization. In this kind of transaction, a person predicts the direction that a stock or index will reach. What this means is that you are predicting whether a stock or other commodity’s value will increase or decrease in value. If that stock’s price follows the option you selected before the expiration is reached then you win and you are rewarded with whatever binary amount your place into the account.
This type of trading can occur on a wide variety of assets, including stocks, commodities, and currency. This means that you can opt to “wager” if you think that one currency will devalue in relation to another.
Because these are such low risk trades in most cases, they are absolutely perfect for those who are newbies to the world of trading online. These transactions are also ideal for those who are a bit more cautious and don’t want to take any kind of major risk, but also understand that they are going to have a more modest return.
One-Touch, No-Touch Options
These transactions are similar to that of the High-Low trades, primarily because they are also based upon the price. These are a more risky trade because it is significantly harder to predict what may happen, and this is where24Option (click here to sign up ) can really be of help, providing expert analysis that can help you to make much more informed decisions.
There are two variations of this kind of trade. In each, however, the broker sets what will be the target price, and this is where 24Options really delivers. They not only set the price but when the expiration time will come into effect. If you opt for the one-touch option, then you are saying that the price will be reached prior to the expiration time. This means that whenever the price is reached then you earn the profit. However, if the price is not reached prior to the expiration time then you lose your money that you invested.
In the no-touch option, you are predicting that the asset with not reach whatever the price is that was set prior to the time of expiration. If it does reach that target price then you lose, but if it does not in the allocated amount of time then you are a winner. What it is referred to in this way is because the target price can never be “touched” for the asset.
This is a much riskier trade, and so there is a lot more money to be made out of it. The prediction is a lot more difficult to determine if it will be reached or not, and this is why it pays to have someone advising you who really knows what they are talking about. The24Option (click here to sign up ) system is built to give you outstanding information so that you can make decisions on the stocks you think will reach one-touch or no-touch status so that you can reap the rewards from this stock, commodity or other asset.
The difference between this kind of investment and high-low is that in high-low you are only predicting the direction the stock will go, while in this option you have to predict whether it will reach a certain value.
Boundary Options – this type of investment is considered to be a risk that is somewhere between the two previous options that were discussed. Because of this, the payouts that a person can receive are higher than what one could attain in the High-Low, but lower than the One-Touch, No-Touch Option.
In this kind of trade, there is a boundary price that is set by the broker. This price includes both a high and a low value. When one makes a trade you are predicting whether the asset will stay within that range until the expiration point is reached or if you believe that it will fall outside of the boundary. If you are right in your prediction then you win and you earn a profit. If not, then you lose your money.
Because this is based upon a range, the risks involved are less. This means that you will not be making as much money if you should be right, but you are also not risking as much as you would with the other options.
60-Second Option – this is the newest type of binary option but is quickly catching on. This is a high-risk, high-reward option that pays out when the time period ends, which is in just 60-seconds. There are a number of different factors that can be examined in this kind of trading, and if you are right you can win big, but if you lose you will lose big.
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A Little About Expiration Times
Before continuing on, a little explanation of expiration times is in order so that you will have a clearer idea of how24Option (click here to sign up ) can assist you in making investments. This organization understands that clients want options, so they offer great opportunities for you to take more risky trades or to play it a little safer. At 24Option the trade times are:
One, 15, and 30 seconds
Two and five minutes
Half an hour and an hour
There are also two long term expiration times that are available through this organization. The first of these is a five-hour option and the second an end-of-day option. There are some organizations that offer longer time periods or more long-term options than 24Option does, but most traders do not take advantage of these other time periods, meaning it made perfect sense to stick with the two because they proved to be sufficient.
Prepping You to Make the Deals
At 24Option, they understand that making these kinds of trades really works best when you have had some practice, so one of the things that they offer is that you can create a demo account that will give you the ability to learn. This allows you to have a fake account, where you can learn how to make transactions.
In the demo mode, you are given $40,000 of virtual money that you can use for transactions. Using the 24Option guide you learn how to study the transactions, how to use the charts and other information, and then how to make transactions so that when you are ready to go you are fully informed on what it takes to be a star in the system.
The truth is that success starts with knowledge and the more knowledge you have on how to make your transactions work will only help you to reach your monetary goals. 24Option is giving you the tools to bring you that success; you simply have to take advantage of them.
Another big factor that makes 24Option such a success are the payouts they offer. The truth is the24Option (click here to sign up ) has some of the highest payouts of any broker in the world. Those traders who are successful in their choices reach payouts of between 70 and 89 percent, by far one of the highest levels on the globe. For those who go for the 60-second option, the organization was paying out 70 percent, which makes for a true minute to win it situation.
Each person is assigned a personal account manager that can help clients learn and understand how the accounts work. They can also use the 24Option guide to assist as well. While the outcome that is desired is to make a lot of money, you are taking risks and your account manager can help you to be smart.
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There are different account types that are available to their clients that fit your needs. The three are Platinum, Gold, and Standard. Platinum account holders are people who generally are looking to get the most out of high-low, high-yield, boundary, and touch options. They are provided the most up-to-date information on the latest trends in the market, and also receive personal training sessions. These can be instrumental in helping a person to make smarter investments, and 24Option is a company that will do the most it can for its biggest investors.
In the Gold account, the client gets about a 2 percent return on every transaction that they undertake, and they also can trade all options. They are given some training, but not to the degree that the Platinum holders receive.
The last account option is the standard. This option allows holders to make transactions at any time of the day, and they have access to customer support 24-hours a day. It is a great option for those who are new to the investment world or who do not have a significant portfolio to invest in.
As a reminder, no matter which level account holder you are, you should take advantage of the option to use the demo to make sure that you have the greatest opportunity at success. While you may already have a lot of expertise, practice truly does make perfect.
Just as an additional note, in today’s highly politicized world some organizations are not willing to open accounts for those who may come from Islamic center nations. You will not find that the case at 24Option. They treat all clients with respect, and as long as you are over 18 years of age, you will have every opportunity to make the same investments that a person would make from any other country in the world.
To show their commitment to this policy, 24Option also offers Arabic as one of the languages that they do business in. Not only are materials written in Arabic, but customer service representatives that you may reach by phone or through live chat also know how to speak and write in these languages. The interface on the chat also offers the Arabic language to make sure that there is no communication gap at all. This is truly an organization that wants all to feel like they are welcome.
24Option offers a wide range of asset areas where you can earn. This includes such things as currencies, commodities, precious metals like gold, silver, platinum, and copper, stocks and indices. This 24Option review finds that the array of alternatives that you can invest in is what makes this company stand out against the others.
While there are many options to get involved in, their most widely used trading option is the boundary option. Traders enjoy this option the most because it is the platform that is so easy to grasp and offers them a great chance at big stakes.
Deposits and Withdrawals
Those who are looking to get started will find that the way in which24Option (click here to sign up ) allows you deposit money is quite easy. Even if you are a person who has never done this kind of trading before you were going to find you will have no difficulty getting started with the company. You are able to deposit funds in the British pound, the US dollar, or the Japanese yen, or you can go through a digital payment option such as what was mentioned before.
The minimum amount of money that must be deposited to get your account open is at least 250 pounds, dollars, or euros, or at least ¥25,000. You can use one of the many different online binary trading options, and many clients choose to use a major credit card such as a Visa or MasterCard to be able to transfer money into their account. Bank transfers are even offered as well depending on the bank and its location.
As a special bonus to new clients with the organization, there is an incredible 24Option bonus (as they give 100% bonus on deposit) >>> click here to get bonus >>> CLICK HERE . This means that for every dollar, pound, euro, or yen that you deposit you are given a 100% bonus that deposit to get you started on your way toward your investing. There is a maximum amount for the bonus to match, check with the organization to find out what that value is.
Of course, just as24Option (click here to sign up ) makes it easy to deposit money, they also have convenient options for you to be able to withdrawal your money as well. In fact, most clients find that their options are significantly more convenient than what they found at other brokerage firms.
Money can be routed to your bank account, transferred electronically quickly and easily. This usually takes about 24 hours depending upon the speed at which your bank can accept the transfer amount. Some are able to also transfer the money directly onto their credit card. This also depends upon the options that your credit card has offered.
We mentioned this once before, but it pays to give some additional homage to 24Option for the incredible customer service that this organization supplies. While there are additional perks for the platinum or gold account members, the truth of the matter is that from the moment that you sign up to join this organization you are given customer service that can’t be challenged by virtually any other broker: 24Option (click here to sign up )
Every step of the way there are guides and services that are available to assist you with any issue you may have. While the platinum members get a great deal of education, that does not mean that other account holders don’t have the ability to take advantage of learning how to use the system most effectively as well as how to be a success in trading. There are fantastic videos that will walk you through every step of the way, starting you from how to properly deposit money into your account, all the way through to what to do with your profits.
For those that may not have the time or the desire to watch individual videos, there are also easy to read guides with images that will show you exactly what you need to do to get yourself going. While 24Option respects you enough to believe that you need as little assistance as you feel you need, that does not mean that they are going to leave you high and dry if you have questions about anything. This means that they offer great courses and presentations to show you how you can have the greatest amount of success with their trading program.
Even better, is the fact that these videos and courses are offered in 13 different languages. This makes it so that no matter what your native language is, there is a good likelihood that you have the opportunity to be able to watch and learn, or to read the materials in the language that you understand most. Again,24Option (click here to sign up ) is going the extra mile to ensure that you have the best chance to succeed.
With all of these resources many are able to perform all the tasks they need to without any further assistance from the company itself. However,24Option (click here to sign up )understands that you may have questions at some point or simply need a little assistance to further yourself along. It is for this reason that they offer some of the best direct customer service that you will find in any industry. Available in an email, via telephone, or through a live chat, you will receive some of the most prompt and professional service you will find anywhere, who will assist you with information that will make sure that you have all of your questions answered.
The customer service representatives offer support in 13 different languages. This should mean that most who have a question will find the solution they are looking for. For those who are having issues and don’t speak in one of the languages offered you should submit your question in writing through an email and they will find someone to assist you with your question.
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For those who have been involved in the investment world for quite some time, they know that there are a lot of options out there in terms of brokers that they can use to make deals with. However, 24Option has established themselves as an investment broker that clients have learned to rely on throughout the world.
The company falls under the CySec regulators, letting you know that you can trust that there is the proper amount of oversight over the company, and that they are doing everything they need to make sure that they are abiding by the policies and the investment regulations. This gives you the additional peace of mind to know that you can trust this organization when they tell you they are doing things in the right way to give you success.
You can turn to other companies out there to do your investing, but few go out of their way to ensure that you have the best opportunity to succeed like24Option (click here to sign up ) does. Their unbelievable customer service as well as the platform that they use and the way that they provide you with resources and tools to be able to have success really sets them apart from any other organization out there.
With the great opportunity to invest in a wide variety of assets, the easy manner in which you can perform transactions, the options available to you in terms of how you want to invest or trade, and the way that your account is handled make this the right kind of brokerage to turn to for success. This organization really knows how to give you the greatest amount of success in this is why you will find that the 24option forex knowledge related to currency, indices, stocks, and commodities give you the best chance to be a winner. Definitely two thumbs up to this organization.