Why and when start trading with 24 option platform
24 option service appeared in 2010 as a binary trading online platform. In a few years, the number of assets was extended, and now this broker offers Forex and CFDs trading for people all over the world. The company is based in Cyprus, and many European traders choose it as a default option.
It has one feature that is especially valuable for the experienced trader — 24 option offers two trading platforms to select from. In addition to the native one, this broker allows you to place orders using MetaTrader 4 — a well-known software with recognizable charts, easy-to-use interface and immense list of tools for the simplest and the most effective trading.
Pros and cons
- Strong regulation you may rely on
- Two full-fledged online platforms
- Pretty quick and professional support team
- Many payment providers connected
- Simplified trading options
- Not the best choice for advanced traders
According to 24option reviews left by experienced users, this platform is both easy-to-use and stable. Most customers praise the support team that is always here to help and the easiness of the withdrawal process. However, several clients claim that it has technical issues from time to time and may not be available 24/7.
Should you start with 24option Forex?
Forex is the easiest market for starters. And with this service, the trading is truly simple. Comprehensive and smart charts show how the prices change, so you understand the market trends at first sight. 50 currency pairs are supported so you have plenty of options to choose from.
To start earning your first money, follow these steps:
- Register in the system;
- Download the software for your OS;
- Enter and choose Forex as the main asset;
- Place an order manually or set the triggers to place it automatically;
- Wait a bit to see how much you get.
There’s also a special offer for the newcomers — $24 that you receive after the sign-up. Other bonuses will come later if you are actively using the system.
Is there any 24option demo?
Yes, a demo account is offered for starters. It helps get a glimpse of the software without the necessity to invest your real money in. Before you start with demo, you will need to create an account but the registration process is pretty quick and simple so it won’t take too much time.
Please note that the demo is devoted to Forex trading mostly, so you won’t be able to check binary options until you fund the account. However, all features, charts and strategies will be available for you right away.