24 Option, found online at 24Option.com, is a bitcoin trading platform available through mobile apps for Android and iOS. Here’s our 24 Option review.
What Is 24 Option?
24 Option is an online trading platform that made headlines for launching bitcoin support in July 2017. The trading platform offers a diverse range of trading opportunities, including binary options trading, forex trading, bitcoin trading, and more. It’s run by a Cyprus-registered company named Rodeler Ltd (although the international platform appears to be run by a Belize-based company).
The company describes 24 Option as an efficient, effective, intuitive, and “multiple award winning platform”. It’s unclear which awards they’ve won, or for what.
The 24 Option app for iOS is called 24option Trading App, while the Android app is simply called Binary Options Trading.
24 Option made headlines for adding bitcoin support in July 2017, although the company has been offering binary options trading since 2009. They’re one of the pioneers in the space.
How Does 24 Option Work?
Once you actually sign up for 24 Option, you’ll find that the platform doesn’t really offer any binary options trading of its own. Instead, the company just connects you to the Scipio binary options trading platform for binary options trading, and then connects you to MetaTrader 4 (MT4) for CFDs and forex trading.
Investors can access a diverse range of options, including most popular currency pairs and the ability to trade 100 underlying assets with binary options.
You can deposit money in a variety of ways, including via Skrill, Webmoney, Qiwi, Sofort, AstroPay, and more. There’s a minimum trade requirement of $24, and a minimum deposit requirement for new accounts of $250.
24 Option also has some type of education system, where you can learn more about trading by accessing training materials online. The materials come in the form of downloadable eBooks and video seminars. Free eBooks and paid lessons are both available.
24 Option Features
24 Option advertises all of the following features whether you’re trading online through the mobile app or over the web platform:
- Up to 89% ROI
- 100% execution rate on trades
- State of the art advanced trading platform
- 24/7 customer service
- Trade over 100 financial assets from the world’s largest markets, including gold, oil, silver, and others
- Trade currencies on foreign exchange markets
- Trade a wide range of currency combinations like GBP/USD, EUR/JPY, AUD/USD, and EUR/GBP, among other popular pairs
- Trade indices like the Dow Jones, DAX-30, and S&P 500
- Trade the top stocks in the world, including British Petroleum, Barclays, Vodafone, and PetroChina
- Short term intervals (30 and 60 second intervals available)
- Free trading alert signals
- Easy-to-follow simultaneous trade management
- Early closure feature to manage risk wisely and secure potential profits
- All-encompassing trading experience with all major stock markets, indices, commodities, and forex
- Available in 12 different languages
Overall, the apps have decent reviews. The Android app has an average rating of about 4 stars out of 5 after 4,000+ downloads, although the iOS app does not yet have enough reviews to form an average rating.
About 24 Option
Who’s running 24 Option? The company appears to be registered in two different locations, depending on whether you’re an international client (in which case it’s registered to a Belize-based company called Richfield Capital Limited) or a domestic client in the UK (in which case it’s registered to a Cyprus-based organization called Wonderbridge Services Limited).
The international platform is operated by Richfield Capital Limited, which claims to be regulated by the International Financial Services Commission.
24 Option was founded in 2009, which makes it one of the earliest binary options trading pioneers on the market.
24 Option Conclusion
24 Option is a binary options trading platform that recently offered the ability to trade bitcoin over the platform. The trading service connects to the Scipio binary options trading platform for binary options trading, and uses MetaTrader 4 for all forex trading. 24 Option also has apps available for free for Android and iOS.
Ultimately, 24 Option is one of many options available today that lets you try binary options trading and determine if it’s the right moneymaking opportunity for you. With bitcoin support now available, the company also lets you access bitcoin through forex markets and try to earn a profit through cryptocurrency trading.