Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

A free demo account

with $10.000 in practice money

Investments carry a high level of risk and may not be suitable for all investors.

Is 24option a Scam?


24option is one of the leading binary options brokers currently on the market. With news of scams in the industry on the rise in recent years, we know that traders are reluctant about investing their money only with brokers that come highly recommended.

Luckily, 24option is one such broker. First of all, they are fully licensed and regulated by CySEC, with license no 207/13. This obliges them to abide by specific requirements imposed by this financial authority and is already indicative of the high level of quality that is to be expected from them.

Additionally, customers will feel safe to discover that all traders’ funds are kept in a segregated bank account from that of the company to ensure that they are only used for the sole purpose which they were intended for.

Moreover, their withdrawal and banking practices are swift and do not take days to complete, as is the case with some other brokers.

This broker has amassed thousands of loyal customers from across the globe since obtaining their regulatory status in 2013. Both their web platform and mobile trading app (for both iOS and Android) are available in several languages and their dedicated staff is accessible 24/7 via live chat, email and phone to provide top notch levels of customer support.

Disclaimer – This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses

Minimum trades start at just $24 and moreover, they offer high payouts of up to 88% on each trade.

Testing 24option

Here at FBO, we take broker reviewing very seriously. We strive to go out of our way to get all the information about as many brokers as possible so traders will know what to expect before investing their hard-earned cash with some broker or another. 24option is the prestigious winner of 2 coveted FBO awards; the 2014 FBO Best Payouts Award as well as the Best Regulated Broker Award for 2015. This is testimony of their outstanding service that keeps customers coming back, time and time again.

We are pleased to confirm that we have not received any complaints or encountered any instances of scamming with 24Option. They appear to deliver on all fronts and this is precisely why they rank among our top 10 brokers featured on our site.

Does 24option have a free demo account?

Traders will be happy to hear that 24Option also provides traders with the feature of a demo account. A demo account is a great way to practice your binary options skills without having to incur any risks of losing your own money.

In order to gain access to a 24Option demo account, traders must first sign up for a real account and make a minimum deposit of $250. Registering for an account is a simple and quick process and will be verified within minutes, without any additional hassle. You will not be required to use up any of your deposit for the demo account but will be granted virtual funds to trade with.

More importantly, if after demo trading with 24 Option, you decide that their platform is not right for you, you can easily withdraw your deposit and close your account, with no strings attached. In this way, you can walk away whenever you like.

How to Use 24option Demo Account

24option’s demo account is a great feature as it mimics their real trading platform in every possible way. Because of this, traders can familiarize themselves with the platform before they start doing any real money trading. They offer one of the largest varieties of underlying assets (over 100 in total) as well as types of options (one touch, 60 seconds) and customization of expiry times.

Using a demo account is therefore just like trading with a real account. It’s good to know that if you do encounter any difficulties when trying out the platform, the support team is just a live chat window away.