24Option Trading Guide
Learn Everything About Trading at 24Option Full Review
I have updated this review for 2015. 24Option has remained our top rated international binary options broker since 2011. As many readers of BinaryTrading already know, 24Option ( 24Option ) is one of our favorite binary trading brokers. We decided that it was time to do an in-depth trading guide and walk through review of trading binary options at 24Option.
Risk Disclaimer: “Trading Binary Options involves substantial risk and may lead to loss of invested capital”
Best payouts for currency pairs
30 second, 60 second options, 2 minute and 3 minute short term binary options available
Early close feature available
Low deposit minimum ($250)
Positive reputation
TechFinancials trading platform
Demo account available with initial deposit
Minimum trade is $24 (high compared to TradeRush of only $5)
Bonus comes with a rollover requirement (standard for the industry and you can decline the bonus)
24s Home Page Screen Shot
This is the Home Page Select Your Binary Option To Trade Risk Disclaimer: “Trading Binary Options involves substantial risk and may lead to loss of invested capital”
Step 1: Account Creation
The first thing you will need to do is to create an account. Creating an account is simple, painless and takes just a few moments. It is also completely free. All you have to do is enter your name, , phone, country and which currency you will deposit and withdraw with. You do need to use your real information. It would be a good idea to create or use an account that you keep specifically for your binary option trading.
Step 2: Funding Your Account
Deposits are fast, easy and secure. I deposited with a Credit Card. They accept all the major credit cards except American Express and Discover. They offered bank wires, MoneyBookers and Liberty Reserve for deposits. The only payment method they did not accept that would be nice is PayPal but that is more to the stance of PayPal.
I was offered a bonus on my deposit, which I declined.
I declined because I do not like to lock my money up in a situation why I must trade it, or roll it over, a few times before I withdraw. Sure the free bonus money sounds nice . and it is nice on the face of it, but the trading requirements to clear the bonus AND to make a withdrawal made me decide to refuse the bonus. In general, refusing a bonus is a prudent strategy unless you are just wanting to have some fun. I am more interested in making profits I can withdraw whenever I want.
Step 3: Setting Up A Demo Account
Once you fund your real money account, the support staff at 24option is more than happy to create a practice account that you can demo trade fake money with. To get your demo account you can click on the Live Chat button at the top of your screen. The following screen pops up:
Click Live Chat (top left of home page)
Let support know you have made a deposit and request your demo account.
I had already won a trade when I took this screenshot.
It took just a few minutes for support to have my demo account created. They loaded my account up with $2500 in virtual money to trade with risk free. A few minutes later, I was ready to trade.
The best part is that I still had 100% of my initial deposit sitting in my real account, totally separate, that I could trade with or withdraw as I wanted. For now, I wanted to test out the trading platform and see what my choices are.
Trading Binary Options On The 24Option Trading Platform
Click on the 24 logo and it takes you to their home page. You will see a list of binary options to choose from listed in a chart in the main part of the web page. On the right is a tab where you can follow any of your open trades. Lets walk through the different binary option choices available. Here is the screenshot.
Find which binary option you want to trade from the home page. Risk Disclaimer: “Trading Binary Options involves substantial risk and may lead to loss of invested capital”
You can see where I took screenshots of the entire process with my how to trade a binary option online guide. (Source )
High / Low Options
The high or low option are the most common binary trade available. Up or down, call or put. Lets take a look at the GBP/USD up or down option.
Get 85% return if you select the correct choice.
I chose High and risked $100 virtual dollars. My return is listed there at $185 if I am correct that the price finishes above the target price of 1.58573. I lose my $100 if I am wrong.
This trade actually finished out as a push. The target price is exactly what the option expired at. In this case I get my $100 risk back and the bet is a push. Touche 24option!