24Option is one of the world’s leading binary option programs offered to investors. A binary option trade is an investment with high financial risk. A prediction of price of an asset is made at a certain time of the day, and the payoff is one of two things, either an amount fixed for the asset or it can be no amount at all. There are two different types of binary options and include the asset or nothing or cash or nothing binary option.
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Trading is available 24 hours a day, every day of the week worldwide. Option24 realizes successful trades are educated trades and has built a library of educational videos, trader manual and a binary options eBook, along with other educational materials. This wealth of information helps traders and investors understand the binary option method and helps builds successful strategies that will result in successful trades.
Traders have the option of three different account types to open when registering to trade. The Forex accounts are open to all members, and the choice depends on the level of risk and financial management one wishes to take.
The standard account has full access to the trading platform including open access to high yield, touch, and boundary and high/low options. Forex Traders will also have access to the exclusive video center and a folder of trading assets. All standard accounts are available commission free.
The gold account includes everything the standard account includes as well as 24 hour day assistance, a personal training session and an additional 2% return on each and every trade.
The platinum account includes everything in the standard and gold package as well as a dedicated coach and personal training sessions and an additional 4% return on every trade.
24Option requires a minimum deposit to open an account and allows trades up to $15,000, or local currency equivalent, per trade. 24Option is available for trading commodities, stocks, indices and Forex trading. 24Option also offers a buy back option to void a trade before the time limit expires.
The trading process with 24Option has three steps and includes choosing an asset, choosing the direction and establishing an amount to fund the trade. The trader then puts the trade in motion as soon as the “trade now” button is clicked. The investor can track the events of the trade as the trade is in progress. This also gives the investor the ability to establish historical data to fine tune existing strategies or develop new trading strategies.
Accounts can be funded quite easily through credit card, electronic payment and wire transfer. Even though, accounts require a minimum of $250, or local currency equivalent, to open an account, if the account is funded through a wire transfer, the minimum deposit is $1,000, or local currency equivalent.
The maximum daily amount that can be transferred into an account is $10,000 if by credit card to a maximum of $40,000 per month.
24Option is now available to interface with mobile capabilities, allowing the investor to trade on the go, no matter where they are.