Binary24 Review 2018

Binary24 Review

Binary24 Review

We have another analysis to perform, but things are slightly different this time. As you can see from the title of this article, we are heading back to our roots. After examining various wallets, forex and CFD brokers and cryptocurrency exchanges, we have a binary options broker on our hands once again. The interesting thing about that is that this is a fairly new broker (launched in 2017), so it will be very interesting to see how they combine binary options with the latest trends in the online trading industry. We saw some really interesting solutions here, and we can’t wait to show them all to you in the rest of this Binary24 review. Stick around and you just might find a completely new way of trading.

Binary24 Account Types

The first thing you need to have before you can start trading here is, of course, a live Binary24 account. There is only one account type at your disposal, but we don’t really view that as a negative thing. Simply put, it means that no feature will be hidden from you. Everything is readily available, no matter how big your first deposit is. To open your Binary24 account, all you need to do is provide your e-mail, create your password and click on the Register button. And that’s it – doesn’t take more than a minute. You can also sign up with your Facebook, Twitter or even Google Plus account, which is a pretty nice touch.
However, before you start trading for real, you may want to check out what Binary24 demo account has to offer. It is completely free and requires absolutely no effort to open (not even a deposit), so we sincerely recommend you check it out. Just to get an idea what you can hope for here. You will notice a “View Demo” button right on the main page – click it and you will get a short presentation of the platform’s main features. Several nice and short tooltips will explain everything you need to know and then the Binary24 demo account will kick in. You will have 10000 virtual USD at your disposal, and all you have to do is choose an asset and see how it goes, you know the drill. Once you feel confident you can start trading on the live platform, switching to a live account is a matter of seconds. What awaits you there is the topic of the next part of our Binary24 review, so keep reading.

Binary24 Registration Page

Binary24 Registration Page

Binary24 Trading Platform

As you can easily conclude from the broker’s name, binary options are the main focus of Binary24 trading platform. In other words, rewards are high if you can get it right, but if you turn out to be wrong – you lose. However, there are many tools here designed to make this type of trading much more than a simple coin toss.
With more than 130 assets at your disposal, from currency pairs (including cryptocurrencies) to indices and stocks, you really can’t say that there aren’t enough investment targets. However, the number of assets is just the tip of the iceberg of excellent trading features Binary24 trading platform has in store for you. It is very interesting to see what this BinoTech software is capable of, since the public had some rather high expectations from it, but we can honestly say it has duly delivered.
Probably the most distinctive feature of the trading environment here is the fact that you can trade cryptocurrencies completely anonymously. We have to admit this is the first time we see something like this implemented, but it works absolutely flawlessly. You can count on top-notch security here. Apart from that, you also have full access to historical quotes which is another priceless feature when it comes to this website’s transparency.
Binary24 trading platform API is another rich source of trading options. There, you can manage the risk associated with your trades, set up automatic execution of your desired strategies and even place orders faster than usual. Add to that the fact that the platform also offers things like live chat with other traders and access to market news, and you’ll get a complete trading experience on a single screen. Thanks to the great design, though, you’ll never get lost in the information you receive. The fact that you can earn up to 98% per successful trade is just a cherry on top of this delicious trading cake. If you don’t know, that is an exceptionally high potential profit when compared to the rest of the industry. And the best part of it is that trades can be closed within just five seconds! So, if you’re on a roll, you could become a very wealthy person literally in less than a minute. Now do you see why we think this broker will be a success? But this is still just the beginning of our Binary24 review so stay tuned because there are more unique features here we have to tell you about.

Binary24 Trading Platform

Binary24 Trading Platform

Binary24 Mobile App

If you’re too busy to just sit in front of your computer and trade, Binary24 mobile app offers a solution to that. This completely free piece of software will link you up with your account in a flash and offers pretty much everything the regular platform has, really. Great design, superb security and non-stop trading are still there, only in a form slightly adjusted to your mobile device. You can even make your Binary24 deposit this way, manage your funds and do so much more. Yes, cryptocurrency trading can be done this way, too. As far as we can see, software is regularly updated to keep up with everything on the market, meaning the company cares a lot for this part of its offer and makes sure its clients have everything they need.
However, we have to say that Binary24 mobile app is at the moment only available on Google Play, i.e. for devices on Android systems. This is somewhat understandable since this is still a new broker, and we firmly believe this will not remain the only version of the mobile platform for long. Hopefully, there will be an iOS version soon too, so that traders with iPhones and iPads can join in on the action. But this is really a minor inconvenience, especially when you take a look at the numbers we have for you in the next part of this Binary24 review.

Binary24 Home Page

Binary24 Home Page

Binary24 Deposit

As we all now, trading isn’t free – you have to have something in your account balance if you want to invest. That’s why we have to look at the Binary24 deposit in this article.
You have several options to make a deposit here, but all of them are actually cryptocurrencies. Bitcoin, Dash, Ethereum and Litecoin are accepted, and they practically come without any limitations. Your Binary24 deposit of this kind can be as small or as big as you want, there are absolutely no limits. There isn’t even a deposit fee. Keep in mind, however, that the funds you deposit this way may take up to an hour to become visible in your trading account balance, so you may have to be just a tad patient. Nevertheless, the fact that you can deposit in cryptocurrencies only certainly makes this company stand out from the competition. Remember, you can trade completely anonymously this way.
Since there is no minimum or maximum Binary24 deposit, you can invest pretty much whatever you want when opening a trade. Well, at least one cent’s worth of cryptocurrencies, but that essentially means you have full freedom when investing. This is a huge advantage when you compare this broker to its competition in the industry because minimum deposits often reach 250$ or so and minimum investments can be 10$. Therefore, if there’s one place where casual traders can feel at home, it’s this one. What about transferring money in the other direction, though? Find out below.

Binary24 Deposit Methods

Binary24 Deposit Methods

Binary24 Withdrawal

After the deposit, we need to take a look at Binary24 withdrawal too, right? Well, let’s get to it. Each request will usually be processed very quickly, most commonly within just a few hours, but sometimes it may take a day, which is still quite acceptable. Whenever you initiate a withdrawal, there will be an icon in the top right corner of your screen where you can find out everything about the procedure. We will tell you, however, that the Binary24 withdrawal fee starts at 0.1% of the amount withdrawn, so be careful when making your calculations.
The whole process is actually pretty simple. All you have to do is log into your account and find the “Deposits and Withdrawals” button when you get to the platform. A list of available cryptocurrencies will appear in front of you and you simply have to choose what you want to withdraw. After that you simply type in the amount you want to take back. A big plus is that there is no minimum Binary24 withdrawal requirement. That way, you don’t ever have to worry about your balance being big enough. You have everything under your control, so you can essentially withdraw whenever and how much you want. Compared to other binary options brokers, this is a major advantage. Combine that with the fact that you don’t have to verify your identity, and you get one of the simplest and smoothest money transfers in the whole industry. This is definitely one of the most important features, if not THE most important feature to mention in this Binary24 review of ours. We’re not done yet, though, as there are still many important things to discuss. 

Binary24 Support

It’s always important to take a look at the customer support when doing this sort of thing for a wider audience. This can tell you a lot about how serious a company is and how willing they are to provide assistance. It also tells you a lot about security and reliability, but you can read more about that in our Binary24 Scam Test.
We are happy to say that Binary24 support works very well, as the people there are at your disposal 24 hours a day, seven days a week. Of course, they are very knowledgeable about everything the site has to offer and will not try to make you open an account here as soon as you contact them, which we really appreciate. You can contact them by e-mail or via phone, plus the company is active on Facebook, Google Plus and Twitter, so you can follow them and send them a message there, too.
You have probably noticed that we did not mention Binary24 chat in the last sentence. Unfortunately, that option is not available at the moment, but the e-mail option works just as well. Every time we sent a question that way, we would receive an answer in a matter of minutes, so you really lose nothing in terms of the speed with which your questions are answered. Since we’re on that topic, we have to mention that the website has a detailed FAQ section too, which is another way you can learn how things work around here. A very commendable feature is the fact that the website is available in 14 different languages at the moment, form English to Chinese, so you should be able to find your way around here with ease.
In addition, all policies and rules are clearly stated on the website. The broker is completely transparent about everything you may want to know about investing here, which really makes the whole experience a lot more enjoyable. Thanks to that, the absence of Binary 24 chat is much more bearable. That’s really the only thing we can say about the support that isn’t high praise – the rest works absolutely flawlessly. But are there any other, more serious complaints to make? Find out in the next part of the review.

Binary24 Support

Binary24 Support

Binary24 Complaints

Whenever we analyse a broker, we try to encompass real traders into our analysis, too. We talk to them and try to get their feedback in order to check if we missed anything while we were on the website. So, what Binary24 complaints have we uncovered?
Well, many people mentioned the one we already mentioned in the last part of the review – there is no live chat. Apart from that, we have noticed that some people are somewhat sceptical towards this kind of trading with cryptocurrencies, but as time went on they got used to the idea. The scepticism didn’t come as a consequence of any particular Binary24 complaints, but simply as a consequence of approaching something new. However, there is absolutely nothing to worry about – we repeat, trading here in simply excellent, primarily thanks to the broker’s trading platform.
There were some claims that this is a scam broker, but we couldn’t verify them. People claiming this didn’t go into much detail and they never showed any proof of any fraudulent activity. Given that we saw nothing that would indicate a scam, we cannot side with people claiming this.
Overall, Binary24 complaints made by people who trade here aren’t thing which could cause them to abandon the broker and never trade here again. There are more like suggestions what should be improved to make the trading experience here more enjoyable. You may or may not agree with them, but it’s up to the company to see whether or not they’ll implement them. Pleasing everyone is impossible. However, they do invite people to write to them and request a feature, so why not give it a shot? They are traders too, which means that they know what you’re going through and will listen to what you have to say. Still, one thing cannot be skipped when we’re talking about this company. It falls into this category of complaints, but it deserves a part of its own in this text. What could it be?

Which countries does Binary24 accept?

Well, the main Binary24 complaint we have to make is actually the number of countries they accept, which is unfortunately quite low. The fact that people from USA and Canada cannot trade here is not a big surprise because those countries have laws and regulations that prohibit pretty much all types of trading there. However, we were surprised to see the EEA (European Economic Area) on that list, which means that pretty much the whole Western Europe cannot trade on this website. Add to that Japan, Australia, Israel, Switzerland and New Zealand, and you’ll get quite a long list. We can conclude from this that the countries like India, Russia and possibly even China are this company’s main targets. Hopefully, the list of supported countries will expand in the future because we know that a whole lot of people would love to trade in this website and make the most of its very innovative features. As it stands, though, most of the Western world cannot participate in trading here at the moment.

Conclusion

In the end, we can certainly say that our Binary24 review has yielded some interesting results. An overwhelming majority of them are positive, even unique, although there is some room for improvement in terms of availability and support (more countries and a live chat would be nice). However, apart from that, there really is nothing bad we can say about this broker. All features are readily available to you, as there are no account packages that can only be unlocked with big deposits. We recommend you try the Binary24 demo account because it is really an excellent example of how this feature is supposed to work. The company has a unique approach to trading in that it accepts only cryptocurrencies (for now, at least) as deposit methods, which is also accompanied by some fairly unique features. This is all thanks to a great trading platform which is based on excellent Binotech software and which has loads of assets and analytical tools to offer you. Not only that, but it also comes as an app for mobile devices, so there really is no reason to say anything bad about it. Not a single word. As a matter of fact, we came across very few Binary24 complaints, and none of them were serious enough that they’d dissuade us from trading here. The support team is professional, all policies are completely transparent and there is nothing to fear. If you want to see the latest evolution of binary options trading, this is the broker you need to sign up with. Do it now and experience something completely new.

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Author's overall rating:
Author: Ben Prescott
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