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24Option Review - A Leading Forex Broker & Mobile App for
These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor. A company from Cyprus might seem suspicious but many brokerages who deal in binary options are based there because of regulatory benefits. In the world of binary options, 24Option was the second biggest player, outsized only by Banc de Binary, an Israeli company that was shut down due to fraud charges. Recently, 24Option has added more investment types to its repertoire, and the customer service has also been expanded in order to better manage big investment portfolios and provide better technical support.
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The company is currently focused on Forex trades including cryptocurrency forex pairs and CFD trades. Their website offers little information about the company compared to the sites of other notable forex brokerages. As is the case for many binary options brokers, if you type 24Option into your search engine, you will find a lot of articles and comments accusing them of being a scam company.
This means that clients practically got free money for trading, which would later incur commission fees.
They had to upload personal documents to prove their identity and meet the wagering requirements. Fortunately, many clients got help from the customer service representatives, and eventually got their money back. Even though 24Option may not be a scam, the company failed to make this crucial information apparent to users, who were left damaged by their relationship with 24Option.
24option Tutorial
The world of binary options has seen many instances of fraud and thievery, like the scandal involving the aforementioned Banc de Binary. Therefore, it is not unwise to tread carefully when looking for a good online forex broker. The general offer and fees are better for higher-tier account types. Therefore, some are more suited for high-volume trading, while others are good for getting your feet wet in the forex market. The best choice for new traders, as well a s those who want to try out 24Option is probably the Basic account.
Basic users get one free lesson but they do not have access to webinars. This account type also includes daily news and one free withdrawal.
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The price of trading is better with the Gold account than with the Basic. Users also get two basic lessons and one monthly webinar. The pricing is better, and users get three advanced lessons and two monthly webinars. Clients can also make three free monthly withdrawals from their Platinum accounts. The VIP account has the best pricing by far and offers five advanced lessons as well as five monthly webinars. Users can withdraw unlimited amounts from their VIP account without fees. The more you deposit, the more you get. More expensive accounts offer better prices and more valuable educational resources.
All account types give users access to daily news as well as Trading Central — a great tool for advanced market analysis. Their website has articles on topics like daily market analysis and technical analysis, which can be viewed for free. 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.
24option Review 2021
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 beginners , that includes a glossary. All in all, 24Option has outstanding educational resources, valuable for newbies, as well as intermediate traders. 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. 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.
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 company offers two desktop platforms as well as a mobile one.
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The available research tools are good but not extraordinary. Users can place trades and make watchlists with ease. Save my name, email, and website in this browser for the next time I comment. Please Set Up Your Menu. One of the best sites Easy trading Great Software with easy access for mobile phones.
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Pros Easy access Great design and traing intuitive interface Great Demo. So are you looking for a reliable binary options trading platform, start trading with 24option. They have served millions of investors in the past and gained trust. They offer best intuitive tools for every instrument. There is a good customer support service and low minimum deposit.