24Option is a favorite among European traders. Owned and operated by Rodeler Ltd., 24Option is licensed and regulated by CySEC. Not only are the regulated by CySEC, 24Option is also registered with many other financial regulators which shows they do care about running their reputation with binary options traders.
24Option utilizes the tech financials trading platform. Traders can trade short or long term options in stocks, commodities, currency pairs and indices.
24Option also offers traders a demo account so they can get adjusted to the trading system.
24Option Deposit Terms & Conditions
To trade with 24Option, you must be 18 or older. The European division of 24Option is managed by Rodeler Ltd. In Cyprus, while the non-European system is managed by Richfield Capital Ltd. Who is located in Belize.
The minimum deposit amount at 24Option is $250. There are many ways a person can deposit once they have created an account.
Deposit methods include wire transfers, credit or debit cards and many ewallet systems.
While you do not have to until you are requesting a withdrawal, it is recommended that you send 24Option compliance documents immediately after depositing so withdrawals will be processed quickly. The compliance documents consist of:
- A copy of the credit card used
- A copy of your government photo identification
- A copy of a bank statement or utility bill showing your name and address
These are needed to comply with anti-money laundering regulations.
24Option Bonus Terms & Conditions
24Option does offer some attractive bonuses when you decide to use their services. There are certain stipulations to withdraw bonus money.
For any bonus you receive from 24Option, you will have to trade a volume of 50 times that bonus amount before you can withdraw that bonus money.
If you receive a $100 bonus, you will have to make trades of $5,000 before you can withdraw that bonus money. You will want to understand that stipulation before accepting any bonuses.
24Option Withdrawal Terms & Conditions
There are many types of withdrawal methods at 24 Option. Depending on the account you have, some methods have a fee. With all accounts, your first withdrawal is free. With the Gold account, you get 1 free withdrawal every month, and with Platinum and Diamond accounts, all withdrawals are free.
The methods are:
- Credit card 3.5% fee
- Skrill 2% fee
- Neteller 3.5% fee
- Wire $30 fee
You just log in and click withdrawal. Fill out the form and click next. There is no minimum withdrawal except for wire withdrawals which is $50. Processing takes 3 to 5 business days, as long as you have sent in the compliance documents.