WARNING! This broker is not recommended.
What 24Option is Great At Education 24Option has a well-rounded offer of high-quality educational resources. You can find everything you want to know about their trading platform from the website. There are free webinars as well as those you can only get as a member of 24Option.
Members also get access to some excellent video lessons. These lessons explain both basic and advanced concepts like basics of CFD trading, calculating pips, managing risk, different kinds of analyses, etc. There is also content focused solely on forex trading for beginnersthat includes a glossary.
All in all, 24Option has outstanding educational resources, valuable for newbies, as well as intermediate traders. Customer Service Users, as well as potential users, can reach 24Option via phone, email, and live chat. The customer support representatives can be reached 24 hours a day from Monday through Friday, but the live chat only works during work hours.
You can choose the right one for you upon registering or just register to start trading. Alternatively, you can consult with an Account Manager who will help you choose an account based on your goals. Basic Accounts include a platform introduction, a dedicated account manager, access to webinars and seminars, an introduction to the financial markets, a demo account with , and a daily market brief. Silver Accounts add an explanation of risk management, no maintenance fees, max lots, and a one-on-one tutorial for sentimental, technical, and fundamental analysis.
In general, the customer service is competent and very ready to help users. When I tried the live chat, a representative responded in about 30 seconds and answered my questions immediately. The speed and competence of the customer service representatives is truly praiseworthy.
Range of Offerings 24Options has changed a lot in the past couple of years, as they stopped offering binary options, which were once their focus.
Definition Contract for Difference CFD A Contract for Difference is a well-known type of financial derivative instrument, much like indices, commodities, currencies,etc.
However, there are not as many available currency pairs as you might find with other forex brokers, and other products like oil and gold have the average price. The available research tools are good but not extraordinary.
Desktop Platform 24Options has a good, intuitive platform. Users can place trades and make watchlists with ease. The platform has great charting tools and its interface is very customizable.
Users can also see the positions of other traders. The 24Option desktop trading platform comes with intuitive user interface design and excellent tools.
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By seeing the positions of their fellow traders, users can predict the general tendency of the market at the given moment, and place prudent conditional orders. The software is optimized for Android and iOS, the latter of which has fingerprint authentication.
The mobile version has just about the same functionality as its desktop counterpart.
24Option Review – Key Details;
Many of the features like charting and streaming quotes are very accessible, and adding data like moving averages to your charts is simple and quick.
Users can maintain a good level of control over their positions on the mobile app. The 24Option mobile app provides a limited set of tools. All in all, it is a good, user-friendly app with some very good features, but it pales in comparison with the top-tier trading apps.
Actually, they are higher than average. Getting a premium account can dramatically decrease the cost of trading in higher volumes, but aside from that, there are no discounts for high-volume trading.
The fees for inactive accounts are also pretty high. However, users get a number of binars demo account withdrawals each month, depending on what account type they have.
Trading Platform Review
The VIP account has an unlimited number of free withdrawals. Even though you can find better prices on other platforms, 24Option has no financing or commission fees. Conclusion: Who is 24Option Best For? As far as pricing is concerned, you can find superior offers among the best forex brokers in the industry. Since 24Option has a relatively low minimum deposit are bitcoins legal their Reviews about 24 option binary options trading account and fantastic educational resources, it is a great platform for learning to trade.
The customer support is reliable and the demo accounts are top-notch.