About the Company

Online trading is at the core of 24option does. Its hard to find a more popular broker out there. While initially 24option became famous by offering binary options, their latest endeavours, starting in 2017 are taking them into CFDs trading arena.

In this updated 24option review we bring you all the important aspects of the broker’s offering in 2017. As a winner of several Fair Binary Options awards, 24option is no stranger to an innovative trading experience. This is something we have relieved too in our latest test of their new CFDs/Forex platform.

What we really liked was the fact that the platform is user-friendly. It’s good to see that simplicity ethos has been carried over to the new type of the offering. This will definitely delight existing and new traders who are trying to navigate an ocean of brokers and platforms.

24option is owed by Rodeler Limited which is regulated by CySEC and operating under licence 207/13. Rodeler Limited offers its services on a cross border basis to the European Economic Area (EEA) countries that permit the provision of its services in their jurisdictions as well as Switzerland.

Pros

his broker has a global demand.In this perspective, its website is available in four different languages. Therefore, the language barrier is never a concern while dealing with 24Option binary options broker. Payment for option trading is secure and is available for a variety of online platforms. Registration was easy and with multiple methods for deposit and withdrawal, I had no problem funding my account as I desired. The currency accepted is the US Dollar, Euros and Pounds.

Cons

Apart from the 24option complaints above, my main objection about this binary options broker is that although they offer demo account for Free, unfortunately, it isn’t free at all. Also, its existence is not fully obvious on their website. Although they provide a demo, it is somewhat obscured. I also noticed that the brokerage does not offer a video guide to their platform as other binary options brokers do. And most importantly, spreads are pretty high with this binary broker.Above all,the persistent calls by the “account managers” to put more money in your account.

Summary

I do not recommend 24 option and I explain why. It is one of the oldest binary brokers. The fact that it has not gone out of business or closed, like many other brokers did, it is definitely a positive sign. It has also a reliable platform to trade on and I have no hesitation on that.And despite some limitations, 24Option is a top-notch broker that offers extensive features and tools for its traders. However, I do not like their “unethical” way they work, as I say in the Complaints paragraphs above. I also do not like the fact that it is regulated by

CySec.