24Option Bitcoin Binary Options Review
Binary options is not for everyone – that’s a fact. For those that are trading binary options, you probably know by now that in order to maximize profits, you need confidence. Lack of confidence or poor judgement in choosing the right options will only result in losses.
Trading binary options require that you trade precisely otherwise you will instantly lose a huge chunk of your hard-earned money. Since binary options is all about taking chances, you ultimately must eliminate the various causes of investment loss. To start with, you should only transact with a reliable binary options broker; in that way, you won’t have to worry about being scammed allowing you to maximize your chances of being profitable.
Ideally, you should only be trading with brokers such as 24Option. The said broker is the most recommended binary options broker today. If you want to learn about the perks of trading with 24Option, read the comprehensive review below.
About 24Option
24Option is a trading platform that was founded in 2009. Since the broker started offering binary options, it has remained the top binary options broker in the entire industry. 24Option is also a properly regulated broker and it complies with EU regulations. 24Option is being regulated by CySec, a leading financial regulatory agency of Cyrus and is regarded as one of the best regulatory agencies in the world. 24Option’s license number is 207/13.
The trading company is currently based in London, UK. Continue reading to learn more about 24Option’s offerings.
Trading with 24Option
First of all, if you would like to give 24Option a try you’re in luck as the broker provides a demo account so that interested traders can test run the platform before they invest real money in it. Once you are confident that 24Option is the broker you’d like to do trades in, you can then open an account for free. Your 24Option account will be associated with a base currency and you can choose from any of the following: EUR, USD, GBP, CHF, JPY, CNY, RUB, TRY.
There are 5 account types available at 24Option. The ROI, deposit limits, trade limits and withdrawal fees will vary from account to account. The starter pack is the Standard Package, followed by the Silver Package, then Gold, Platinum and then the Diamond account which offers up to 89% ROI.
24Option is protected with the leading Certificate Authority Thawte’s 128 bit SSL encryption certificate which guarantees all trading activities and fund transfers are secured and safe from security breaches. No need to download any software or application to begin trading at 24Option. The broker’s trading platform is web-based so you only need to access the trading tool via your web browser. If you need to trade on your mobile device while on the go, you may download a 24Option client app that is available at the Google Play Store and App store.
24Option offers a variety of trading options where traders can invest their money into. 24Option offer standard binary options, Short term options (30 seconds, 60 seconds, 2 minutes, 5 minutes), One Touch and High Yield Boundary options. The minimum trade amount is $24 and the maximum trade limit is $100,000 which is probably the ceiling trade size limit in the entire market today. Traders can earn a maximum profit of 89% of their investments if they trade the right asset.
There are more than a hundred assets that can be traded using the 24Option trading platform. Traders can select from the 31 currency combinations, 11 commodities, 43 stocks and 19 indices to trade at 24Option.
Deposits, withdraw requests and Bitcoin trading
There are numerous ways on how traders can fund their 24Option accounts. The binary options broker accepts all major credit cards as well as electronic payments and bank wire transfer. For credit card payments, Neteller and Skrill transfers, traders can deposit funds to their account as low as 250 USD/EURO/GBP. Wire transfers have higher minimum deposit size amounting to 1,000 USD/EURO/GBP.
The maximum deposit amount varies by deposit methods. Credit card fund deposits are limited to 10,000 USD/EURO/GBP per day or 40,000 per month.
Now, if you want to withdraw your profits already, note that 24Option has a strict policy of verifying all first withdrawal requests to prevent money laundering activities. Several documents are needed to verify one’s account. Here are the necessary documents that must be submitted to 24Option to process their first withdrawal transfer: valid IP with picture, a proof of address or billing and a scanned copy of your credit card that was used in funding the trading account (if wire transfer or electronic payment was used, no need to provide this documentation).
There are also corresponding withdrawal fees that will be charged to process the withdrawal transfer. Such fees also varies depending on what transfer method was used. There is no specific timeframe as to how long it takes to get your profits but 24Option said it will make sure that they will handle your withdrawal request as quickly as possible.
24Option also allow traders to trade using Bitcoins. The broker offers an option to trade Bitcoin via the Bitcoin/USD Forex binary trading. This is a good way of boosting your profit as the Bitcoin crypto-currency is paired with the popular currency USD.
Bitcoin deposit isn’t possible at the moment though. But there is actually a way to use your Bitcoins for trading purposes. If you want to deposit your Bitcoins in your 24Option account, you can use Neteller to process the deposit for you.
Quality of customer support service
There are various ways to contact 24Option’s customer support. The binary options trading platform offer dozens of phone channels to assist traders from all over the world with their concerns. Traders can also email 24Option’s support team at info@24option.com. There is a live chat feature that is said to be available ’24/7′ but when we tried to ask a question via the chat feature, it wasn’t available. For a broker as big as 24Option, it is expected that they should have a reliable live chat feature which is a standard form of customer support nowadays. 24Option needs to improve on this support system or simply don’t call it a 24/7 support if it’s not going to be useful most of the times.
The bottom line: Is 24Option a scam?
24Option is one of the most trusted and most secure binary options trading platforms in the world so it’s definitely not a scam. We like the innovation that 24Option has put into its trading platform. Add the top-notch security features that allow for safe trading experience, 24Option is definitely the best binary options broker today.
Go to 24option.com