24option is among established binary options brokers which has a long on-line presence and satisfied traders around the world.
In this 24option broker review, we will provide South African traders with more detailed information on how to use this trading platform with a goal to maximise profit and slowly become an experienced binary options trader.
Online since 2010, 24option has slowly but surely built up their reputation as a quality binary broker which has a wide selection of underlying assets, trade options and trading tools and features for their registered traders.
24option is a regulated broker which further fortifies their quality.
Further in our 24option broker review, we will try to deliver helpful information to traders looking for a quality binary broker for a successful trading experience.
Bonuses are no longer available with 24option binary broker!
24option Trading Platform
Our 24option broker review found that this popular binary broker made a transition from using TechFinancial trading platform to their own in-house trading software. This means that 24option now has a high-tech proprietary platform which uses MetaTrader 4.
This change means that traders can monitor the market more closely and that can have a powerful impact on their trading decisions.
This welcomed change also means that 24option was able to diversify their offer and South Africans are now in a position to not only trade binary options but Forex and CFDs as well.
This proves a high level of dedication that 24option show to their registered traders as this immediately increases the quality of their service.
Interested South African traders should know that the minimum deposit with 24option is set to $250.
Predictably, their minimum investment per trade is set at $24 and the maximum investment can go as high as $200 000 per trade.
24option Trading Features and Services
The standard binary options trading procedure applies with 24option, so traders need to select the trade option and also, expiry time for a particular underlying asset. Traders may choose between High/Low and Short Term trades.
Accordingly, available expiry times are 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr, 24 hr+ and End of Month.
Traders are able to select among a variety of different underlying assets, which include trading with currencies, commodities, stocks and indices. Trading hours are set from Mondays to Fridays; 5 a.m. – 10 p.m.
For this 24option broker review, we discovered a couple of useful features, that could be very profitable for each trader who wants to join 24option. 24option demo account and ability to trade on the mobile platform are by far among the popular services.
With the mobile application, South Africans can access trading platform from anywhere, which is excellent if traders are always busy.
24option app is compatible with Apple and Android devices, meaning that the mobile app can be found in App Store and Google Play and will work just as effectively on both devices.
Another service on the 24option platform that will make inexperienced traders in South Africa happy is the possibility to use the demo account.
What is so valuable in the 24option demo?
The fact that it is possible to practice trading in a risk-free trading environment has many advantages.
By risk-free, we mean that 24option provides virtual money, instead of real money which means that traders get to try out different trade options and strategies in order to see which option suits them the most.
Our 24option broker review revealed that this broker pays great attention to provide their registered traders with an abundance of useful information. Their Education Centre is definitely one of such segments, that has many benefits for interested traders.
Traders can use a selection of trading materials, including video guides for beginners and pros, blog, FAQ, latest market news and much more.
The ultimate goal is for traders to have a better understanding of the trading platform but also the knowledge to make better trading decisions which may lead to profits.