24 Options is one of the 3 Biggest and Most Reliable binary option brokers worldwide.
24 Options License
While this should be common sense, there are still traders who do not understand the value of a licensed broker when reading various broker reviews.
24Option is owned by the company Rodeler Ltd. Rodeler is a CySEC licensed investment firm since 2013, see here. Their main office is located at: 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103.
They are registered with many government financial regulators across Europe. Although all European Union countries accept CySEC because of MiFID legislation, 24Option is also registered at the FCA in England, BaFIN in Germany and CONSOB in Italy.
24 Options Trading Brokers
Originally 24 Options opened as a binary options broker. They quickly grew into one of the largest and most popular binary option brokers in the world, and especially in the United Kingdom and Germany. Starting in 2017 they expanded and opened up CFD trading along with Forex trading.
The binary options are trades on a platform called Scipio. It is a very easy to use software with binary options that have returns as high as 100%. They offer almost all currency pairs as underlying assets to trade, along with market indexes, and commodities.
24 Options Demo Account
Many new traders at the broker 24 Option want to test out their new Scipio trading platform. The problem is that you cannot get a demo account unless you speak with you account manager first. The account manager needs to manually create a demo trading account for you. The only way they will setup a demo account is if you have already made a deposit of more than $250.
If you want to practice trading binary options with a good binary options broker, you should go visit HighLow.net.
24 Option Withdrawal
The biggest problem traders encounter with binary option brokers is withdrawal of their funds. When dealing with a licensed and regulated broker like 24option with a stellar reputation, you should not have any problems.
Withdrawal of funds are processed by going back to where you deposited your money from. So if you opened your account with a credit card and deposited $1,000, then the 1st $1,000 you withdraw from your account goes back to that credit card. If your $1,000 grew to $2,000 then the second $1,000 will be sent via wire transfer your bank account.
Since they now require you to verify your account before you start trading, this has made withdrawal issues almost non existent.
24 Option Complaints
When traders read various reviews of 24Option they may stumble across a few complaints. 99% of complaints are unfounded when dealing with a licensed broker that follows the rules of a regulated investment firm.
When a trader has a complaint, the first thing to do is email [email protected]. This way, your complaint goes directly to their compliance officer to investigate. If for some reason the complaint is not resolved, then the client can go directly to CySEC.