24Option

24Option is an online broker where you can purchase binary options based on commodities, indices, equity and foreign currency pairs. 24Option also offers CFD trading and Forex trading (per pip).

24Option is a popular choice among advanced commodity binary option traders, including high-rollers. Here are a few of the reasons as to why:

• Proprietary trading platform filled with advanced features.
• Trades as large as 100,000 GBP are permitted.
• Lot’s of special perks for traders that climb the multi-tiered account system.
• Copy trading (where you follow some else’s trades) is available.

The trading platform

The trading plaform is easy to use and sports a clear layout. You start by either selecting a class or category for underlyings (e.g. commodities) from a drop down menu, or by selecting the underlying directly from a list. Once you have selected an underlying, it is very easy to proceed and adjust parameters such as expiry time and trade size.

Mobile app

24Option has one mobile app for Android and another one for iOS. The apps are easy to use, with a very clear interface suitable even for small mobile screen.

Banking

Several different banking methods are accepted by 24Option. The minimum deposit is 250 GBP.

With a Standard 24 Option Account, no withdrawal fee is charged for your first withdrawal. For the following withdrawals, you pay a withdrawal charge based on the fee associated with your selected withdrawal method. Some methods will therefore be more expensive to use than other.

With a Gold or Platinum 24Option Account, you will be allowed to make more withdrawals without paying any fee. It is one of the many perks associated with being a Gold or Platinum member.

Other features

• Customer support is available in many different languages, including English, Spanish and Italian.
• Plenty of educational resources present for traders at all levels. You can watch videos, read e-books, fetch manuals, etc.
• Regular market updates
• Copy trading is possible. Follow successful traders at 24Option and copy their trades, in accordance with your own parameters.

About 24Option

24Option is operated by the company Rodeler Limited, which is headquartered on Cyprus. The firm is regulated by CySec. Rodeler Limited also have offices in several other parts of Europe, including Ireland. The London office is no longer open.