24Option Trading Platform Review

Add to compare



24Option Broker

Unique features of trading with 24Option

24Option Broker Review

24Option, founded in 2009, is a true binary options pioneer. 24Option is owned by Rodeler Ltd. Rodeler Ltd is a company operating under Cyprus Securities Exchange Commission (CySEC) license number 207/13. The company’s registered office is located in Limassol, Cyprus CY-4103 at 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios. On top of the CySEC licence, 24Option broker is also registered with the British Financial Conduct Authority (FCA) since 04/12/2013 and Rodeler BaFin in Germany.

Outside the European Economic area, the services of 24Option are offered by Richfield Capital Limited, a company that belongs to the same group as Rodeler Limited and is regulated by The International Financial Services Commission Of Belize (number IFSC/60/440/TS/15-16).

back to menu ↑

Is 24Option a Scam or not?

In some cases it’s hard to know which binary option is not a scam and which is one. 24Option was regulated back on 2013 by the Cyprus Securities and Investments Commission (CySEC). That means that the company takes measures to safeguard clients’ funds. As our readers already must already know, there is more than one binary options broker that sucks despite being regulated, but this 24Option review will re-assure you that 24Option is not only a trusted broker, but also a broker that definitely doesn’t suck! So, 24option: is it a scam or not? Clearly not a scam. Once you start using them you’ll see that for yourself. 

back to menu ↑

24Option in a Few Words


Some Binary Options brokers are just a pure scam. 24Option is a member of the exclusive list of brokers considered to be highly respected and truly inspiring. Thanks to CySEC regulation we can revoke any suspicion of a scam by 24Option and an attractive easy-to-use trading platform with a good customer service makes 24Option a user friendly prime and trusted broker. After so many years in the industry (they were one of the first brokers to emerge on the binary options scene), we can safely say they proved their worth and have become a regulated partner for traders and investors all over the world.


The first issue comes to mind is actually bad news for US customers; 24Option no longer serve US clients due to Regulation in the EU. Funny how good news to EU clients is less good for US clients. Someone said EUR/USD? Another thing that I really don’t want to address to as an issue is; since 24Option became fully regulated the average return decreased with 2%. However, the regulation itself is a big plus. Also, 24Option still offers returns up to 88% on successful predictions, but if your prediction is wrong you will lose your invested capital!

24Option is now offering a proprietary platform called Scipio and have introduced the new Contracts For Difference (CFD) trading. These are great new changes and 2 extra reasons why 24Option isn’t scam. Tech Financials is a great platform but we like to see brokers take total control of their business.

24Option Broker

Unique features of trading with 24Option

back to menu ↑

Should I Open an Account with 24Option?

Since their launch, 24Option’s innovative, fully web-based platform kept on growing slowly but smartly, providing investors with the proper and simplest tools needed to trade options: great user-interface, the trading process is easy to understand and the live charts are available by clicking on the underlying asset. If a trader wants to examine the underlying asset more closely, he or she doesn’t need to browse to other pages; a simple click on the underlying asset tab will pop out a small window just above the underlying asset with information by Yahoo! and other sources. These great features of 24Option made this company one of the best binary options brokers out there. 24Option has improved since they were founded, the platform has been re-designed, number of underlying assets has increased and staying up to date seems to be their ambition.

It’s no secret that 24Option and TechFinancials were long time partners, with the latter providing the trading platform itself. However, recently 24Option and TechFinancials have parted ways! This is the end of a very long and beneficial partnership, for both sides but now 24Option have decided to use their own proprietary platform and from my point of view that’s not a bad thing. By managing their platform in-house, they can roll out updates, changes and new features faster than before, and obviously that’s something that will benefit us traders.

The new platform is called Scipio but don’t worry if you are a fan of TechFinancials because the two platforms are not worlds apart and there are many similarities. It’s still easy to learn how to trade binary options for beginners and advances users alike. Their learning database will share all you need to know about binary options effectively teaching you how to become a binary options trader that knows how to make profit from binary options.

24Option are an official partner of Juventus Football Club and this adds to their credibility and high profile. Yea, 24Option is a top shelf well respected broker but additional confirmation never hurts so if you’re a soccer fan and a binary options fan, you’re in for a treat.

Their great customer service makes 24Option one of the best binary options trading platform for beginners, not to mention the regulation, which is a great feature on its own. In order to start trading clients must deposit the minimum amount of 250$ and the maximum amount varies through the different account types. Because of their initial deposit they aren’t as high on the list of binary options brokers by minimum deposit but they make up for it in other areas. 

back to menu ↑

Trading CFDs with 24Option

Recently we see a new trend emerging: CFD trading. 24option successfully leads the way in CFDs, offering a well-organized and professional web platform, tailor made for this way of trading. The main principle behind CFD trading is similar to Binary Options (you still have to be right about direction) but a notable difference is that once you’ve decided on a direction and an investment amount, you can keep your trade open as long as you want or close it whenever you choose to.

Staying true to their position as a market leading broker, 24Option are first to introduce Meta Trader 4 (MT4) as a platform for trading FX and CFDs. For a long time, traders have used this charting package to conduct technical analysis before opening Binary Options trades on their broker’s platform but now, thanks to 24Option you can trade CFDs directly from MT4. Of course, if you consider MT4 too complicated, you still have the option to trade on the Scipio web platform but who would pass on the opportunity to use tens of technical indicators and one of the most advanced charting packages for free.

24Option Broker

Unique features of trading with 24Option

back to menu ↑

24Option Broker Complaints

Binaryoptionsthatsuck.com does the research for you! We’re looking for broker’s complaints all over the web, checking them out and bringing the results to our readers. What we did is really simple – we searched on Google for 24option complaints or 24options fraud, 24option real or fake, scams, Etc. you can try it also. It’s unbelievable but we couldn’t find even one real complaint about 24option.

Here’s what we found: First and foremost, there’s an active discussion concerning 24Option on comments section, Complaint and Reviews Center and on Forum. Every complaint we receive is being checked and monitored by the team and I. overall, I feel most negative feedback’s addressing issues in withdrawal are not bona fide. It’s a common reaction that comes from either angry or frustrated traders, but doesn’t reflects the truth. Most honest complaints are resolved by the company, so I think it’s fair to say I don’t see major issues here. Like we said, this is a great place to learn how to trade binary options and win even if you’re a beginner. 

As of late, we’ve seen users complain that French and Japanese customers are not accepted anymore. This is due to regulation in those respective countries and it’s actually a positive thing that 24Option chooses to respect the legislation (we’ve seen brokers that continue to offer their services without proper authorization and this only taints their name).

back to menu ↑

24Option Regulatory Announcements and Warnings

29/07/2016: French regulator Autorite des Marches Financiers (AMF) banned 24Option from operating in France. The authority stated that “In this case, it appeared that the Rodeler Limited provider did not comply, in France, with some of its obligations of providing correct information, as well as acting fairly and honestly, in the best interest of its customers, to the detriment of investors residing or established in France”. See warning – AMF.

back to menu ↑

24Option Bonus

Rodeler LTD has always been a company that took regulation seriously and tried to comply with all the rules imposed by its regulator, CySEC. Staying true to that way of doing things and following CySEC’s disapproval of trading Bonuses, clearly expressed through Circular C168 (30/11/2016) and Circular C194(16/03/2017), the Management of Rodeler LTD has decided to completely terminate the offering of Bonuses and other trading benefits.

back to menu ↑

24Option Withdrawal

Most sites will tell you how to deposit. We are not worried about that, because that’s always easy; here we care about possibly the most important part of binary options – withdrawing your profits. Brokers don’t usually cause problems when you want to depositing money, but some binary options brokers will cause problems when you want to withdraw.

At 24Option there is no maximum limit on the amount that you can withdraw (some brokers do limit!) and the minimum is 10 USD (very low). The company proceeds with the withdrawals requests without any undue delay. How to withdraw money from binary options is explained in an easy to understand way and it’s quite simple to do. VIP-accounts don’t pay any fees for withdrawals which is amazing! Just remember that you need to send proper documents due to the regulation before you request your money to be transferred to your account.

24Option Broker

Unique features of trading with 24Option

back to menu ↑

24Option Extras

Some traders are looking for the extras in each broker, we try to think different. This section is about what’s different in 24Option, what makes 24Option different then other brokers.
The Extras that we liked the most in 24options are the:

  • 5 hour videos – Education is important! 24 options is brining you videos that every beginner will love! You can’t learn how to be a good binary trader and how to make money with put and call options without the proper education. 
  • Free webinars, trade with a pro!
  • Highest Limits (withdrawal) – Very important factor that some traders are not aware of, at 24options you will find the highest limits.
  • Longevity and trust. This is now one of the biggest brokers in the world but also one of the oldest and most trusted.
  • Free signal package available on the trading platform. This is a great plus for them and for traders.
  • New Addition: CFD trading!
  • New Addition: Meta Trader 4!
back to menu ↑

24Option Ratings

 User Friendly 18/20

24Option now offers their proprietary platform, Scipio, completely web-based and extremely intuitive. Users can easily switch between BO, FX/CFD trading and from our tests we’ve noticed a substantial increase in speed of opening and closing trades. Overall it’s an improvement that adds more functionality and value. 24Option website appearance was and remains by far the best I’ve seen and is available in no less than 12 different languages including English, German, Spanish, Arabic and many more.

No. of Underlying Assets and Expiry time 18/20

Total of 131 underlying assets: 61 stocks, 34 currency pairs, 11 commodities, 25 indices. 24Option variety of underlying assets is vast. The expiry times are great; letting the traders choose anywhere from 60seconds, 120 seconds, 5 minutes then every 5 minutes up to end of day, week or month.

Their CFD offering is formed of 132 stocks, 42 currency pairs, 13 commodities and 18 indices, which is a huge basket that I am sure will satisfy even the most “fussy” trader.

Commissions, Support and Effective return 18/20

24Option don’t charge any fees or commissions from investors when they first deposit or purchase options and the first withdrawal is free. Withdrawals via Wire transfer are charged with a 30$. Gold account holders get one free withdrawal per calendar month but for Platinum account holders every withdrawal is free. 24Option support is available via 21 international numbers – in English, French, Italian and Spanish and more or via email. The live chat service was very quick and polite.

The effective return is among the highest in the industry 70-88% in the money with an 82% average return for most major currency pairs (this fluctuates depending on market conditions), but have in mind that investors can lose all their capital as well by trading binary options. There is no Out-of-Money refund but you can close your position from ~2 minutes after purchase up to 5 minutes before it expires. With such things there’s no way you won’t learn how to make profit in binary option and actually make a profit with this. 

Deposit, Payment and Bonus 18/20

24Option Minimum deposit is average – 250$/250€/£250/¥50,000 or руб 10,000. Deposit is available via C.C., Wire transfer, Cash-U, MoneyBookers and many more. Withdrawals are generally available via the same methods, with a minimum of 100$ for wire withdrawals. There is no minimum withdrawal amount using Moneybookers. Following CySEC’s disapproval of bonuses, 24Option no longer offers a bonus or other type of trading benefits. While they aren’t one of the binary options brokers with low minimum deposit, they are a very solid broker nonetheless. 

Website Extra’s 17/20

24Option innovative platform features some new extras and now also includes inside platform signals. The signals vary in strength and suggest the direction that the underlying asset is likely to take but expiry time is up to the trader to decide. Except of the regular High\Low trading, recently they’ve added a new giant Extra: CFD trading.

We would like to hear what you think. Does anyone make money trading binary options with 24Option? Do you trust them? Is binary options a good way to make money for you? In your honest opinion, what is the best options trading platform? 

Add to compare

24Option Broker

Unique features of trading with 24Option

9.6 Total Score
24Option Review Summary

24Option is one of the first Binary Options Brokers to arrive in 2009. 24Option is regulated and uses TechFinancials Trading Platform, which is considered one of the best trading platform available to date. 24Option has superior payout which’s up to 88%. In order to start trading with 24Options, traders need to deposit a minimum of 250$.

User Rating: 5 (4 votes)

  1. Reply
    Roy September 27, 2017 at 10:07 am

    Yeah, being regulated doesn’t mean they are also good to invest in. I think everyone needs to do their research before joining one trading platform or another. From my experience, 24Option is definitely not a scam and they are actually a company that serves their user in a good way, trying to help us make more money.

  2. Reply
    William October 1, 2017 at 10:29 am

    For anyone wanting to join a good platform, 24Option should be on your radar especially since they have been regulated and since they introduced Scipio which (as you will see if you join) helps out a lot. Been with them for the past year and they did great by me, plus they have an excellent support staff (very well trained and helpful). Other important things they have are: Meta Trader 4, free webinars probably worth $1000 or more each and highest limits.

    • Reply
      Oliver November 22, 2017 at 8:08 am

      Well said, William. Meta Trader 4 is amazing in my opinion and their “free” webinar have taught me so much more than some paid courses I’ve taken. I honestly think each free webinar they hold is worth between $100 to $500 depending on the topic. And they explain things so well that it’s hard not to get it. And there’s always their support staff that’s quite good. I messaged them a couple of times and got quick, informed replies that I could understand. You’ll definitely learn how to trade binary options for beginners from these guys.

      • Reply
        William November 22, 2017 at 10:44 pm

        I can’t say enough good things about their support team. They’re definitely my favorite support I have sent tickets to. They are very easy to talk to and I can always count of them for providing the right answers. When it comes to their learning library and the support they offer, this is among (if not) the best binary options trading platform for beginners out there imho.

        • Quiton November 23, 2017 at 2:21 pm

          Since you’ve been member for the past year, can you please tell me how it was for you? Were you a total beginner when you started or did you have some experience with binary trading? I want to learn how to get good at binary options and maybe turn this into my fulltime job.

  3. Reply
    Ethan October 26, 2017 at 11:32 am

    Can you make a lot of money trading binary options? And how much money do you need to start binary trading?

    • Reply
      Luke October 29, 2017 at 11:15 am

      Yes, you can make lots of money doing this. And you need $250 to start trading with 24 Option.

      • Reply
        Ethan November 1, 2017 at 7:41 am

        Thanks for the reply, Luke. Will I be able to learn how to make money online trading 60 second binary options?

        • Luke November 4, 2017 at 8:13 am

          Yes, you will learn that and I recommend you try it but also try investing a bit in more long term trades.

  4. Reply
    Leo November 6, 2017 at 7:24 pm

    What is the best time to trade binary options? What is the best binary options trading site? Is 24 Option a good one?

    • Reply
      Tyler November 9, 2017 at 9:04 pm

      Leo, it’s pretty easy to do a Google search and find that out. You will probably find more than one recommendation and you’ll just have to test and see which one works. I think that 24 Option is one of the best binary options trading platform for beginners.

      • Reply
        Leo November 13, 2017 at 9:31 am

        Yeah, I should have done that first lol. Doing this I found a 60 seconds binary options strategy that works or seems to be working for some people. Will give 24 Option a go and will also try that strategy and see how it goes.

  5. Reply
    Dean November 14, 2017 at 12:01 pm

    I’ve been making money with 24Option for a long time. Once I learned how to trade weekly options for income it all become a lot easier. It took me a few months to know all you need to know about binary options (or at least the basics that were needed) and it all got easier after that.

    • Reply
      Ramon November 20, 2017 at 7:28 pm

      Dean, does anyone really make money trading binary options? I mean, REAL money not like $100 here and there. I’m talking about tens of thousands of dollars. How much can you earn with binary options? Can you make a living from binary options?

      • Reply
        Dean November 21, 2017 at 8:43 pm

        Can you make a living trading binary options? Yes, you can make a living doing this but you would need to do it for 4-8 hours daily to really make as much money as you’d like. And yes, you can make an unlimited amount of money but this is dependant mostly on how much you invest in binary options.

  6. Reply
    William November 24, 2017 at 12:05 pm

    @Quiton – I was a beginner back then. Just getting my feet wet and learning about binary trading and trading in general. I couldn’t have reached my current level without the training I received from 24 Option. At first, it was scary because I didn’t know anything and had to learn everything but I was curious and willing to learn and it all got easier with each passing day. The more I learned the better I felt about myself and the decisions I made. One of the first things I recommend you do is to understand the difference between forex trading and binary options and see which one you prefer to invest in.

    • Reply
      Quinto November 24, 2017 at 11:49 pm

      Thanks, William. I feel the same way: scared. I know I want to learn and become a great trader but I’m scared. I don’t know if I can make it, if I have what it takes. I hope I do. And I will check out the difference between binary trading and forex trading. Right now, I might be more drawn to binary trading but we’ll see.

      • Reply
        William November 26, 2017 at 7:50 am

        Just like James said, it’s ok to be scared but don’t let fear stop you. Use it to your advantage. Whenever I feel scared I don’t stop and think of the reasons why I could fail, I just start doing something that drives me forward. I read an article, a book, watch a webinar. And fear just disappears. Then when it comes back (and it will come back unfortunately from time to time), I just learn some more and act towards my goals. The more you work the more courage you’ll get. Learning how to be a good binary trader starts with facing your fears.

        • Quinton November 27, 2017 at 11:17 pm

          Thank you for the encouraging words, James. I appreciate it and I will try to follow your advice.

          William, it’s great to hear from someone who’s been doing this for a longer period and has gone through what I’m feeling right now. Your words pushed me forward and I just signed up for a 24 Option account! I can’t wait to start trading!

      • Reply
        James November 25, 2017 at 11:01 am

        Don’t worry too much about it. You’ll do great. Especially if you have a broker like 24 Option on your side. They have people that can teach you how to make it work and there’s also a lot of webinars and courses for you to dig into and get the necessary background information you need on how to become a binary options trader. The rest is up to you but you shouldn’t be scared. Just join them and start learning. I’m pretty sure that in 2-3 weeks you will begin to grasp how this “game” is played. And then you can invest a bit of your money into this and make it “official” – you can’t “feel” the rush and adrenaline until you are playing with your own money.

  7. Reply
    William November 28, 2017 at 1:32 pm

    @Quiton – Be careful and don’t start trading with real money until you’ve got the basics all sorted out. I recommend you study for the first month and just trade with virtual money. Get a feel for how it works, for the platform, see how you do and what mistakes you make. Also, learn the difference between forex and binary options trading as this will help you get to know both markets so you can choose where to put effort in.

  8. Reply
    Sammy December 3, 2017 at 9:17 am

    For me, their partnership with Juventus sealed the deal and I signed up with them a few days back. Very happy with my choice. They have a great education library that I just started to check out and can’t wait to get more knowledge under my belt. It looks like they have all you need to know about binary options in here so I better start learning.

    • Reply
      Gary December 4, 2017 at 6:14 pm

      Juventus wasn’t the most important reason why I joined but it was part of my decision. If Juventus trusts these guys then they must be really good. It’s time to see if you can really make money trading binary options.

  9. Reply
    Ian December 6, 2017 at 8:42 am

    Their web platform is very intuitive and it was a cinch to learn how to use it. I can’t believe I’ve waited this long to join them! In the last 24 hours I’ve made $120 pure profit with a $30 investment! And I’m not even an expert or anything. I just traded on EUR/USD. If you want to learn how to invest in stock market for beginners, or about forex or binary options, then they are a good place to do so.

    • Reply
      David December 10, 2017 at 1:42 am

      Have you been doing this for a long time, Ian? I want to see how long it has taken you to get to this point of knowing how to invest to make a 400% profit.

      • Reply
        Ian December 11, 2017 at 12:07 am

        I’ve been with 24 Option for the past 20+ days so it hasn’t been long. I just followed their courses and started investing a bit here and there. Lost a few dollars in the beginning, but that was to be expected, I think. But, overall, I am way above the line with a total $280 profit. Right now I’m wondering how much money can I make trading options if I do this full time.

  10. Reply
    David December 13, 2017 at 9:34 pm

    That’s pretty good, Ian. Thanks for sharing. I think I’ll join 24 Option and see how I fare. I’m very new to this and need to learn basic things like what is a call option and how does it work and things like that and they look like a good place for beginners.

    Thanks again and see you on the inside.

Leave a Reply to Ian Cancel reply

error: Content is protected !!
Compare items
  • Total (0)
%d bloggers like this: