24Option was one of the largest binary options broker in the industry, now they only offer CFD/Forex trading, read this.
24Option is owned by Rodeler Ltd, and they are located at; 39 Kolonakiou Street, Ayios Athanasios, Limassol, Cyprus. Their phone number in Cyprus is +357 25 262 063, in the United Kingdom: +44 161 960 0200, and their email address is firstname.lastname@example.org.
24Option offers their clients the Scipio trading platform for binary options, and MT4 for CFDs/forex trading. They have the most currency pairs available for trading, and investors have over 100 underlying assets to trade binary options.
Another reason they have become one of the most popular brokers worldwide is their many deposit options. International traders have the option to use Skrill, Webmoney, Sofort, Qiwi, AstroPay, and more. Their minimum trade amount is $24, and the minimum deposit for new accounts is $100.
24Option License & Regulation
What we look for in binary option brokers to determine if they are a legit broker or a scam broker is very simple. Did a regulator body like CySEC in Cyprus give them a license and do they fall under the MIFId regulatory rules in the European Union (EU)? Click here to view details of 24Option regulatory oversight.
24Option is owned by Rodeler Ltd since December 2013. They are a financial services company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. 207/13 since July 11th 2013. They are also registered with CONSOB in Italy, BaFin in Germany, and the FCA in United Kingdom, see here.
The benefit of using a broker like 24Option is that since they are regulated, if you have an unresolved complaint, you can just go here, fill in the form, and it goes directly to their ombudsman. This means that they are a legitimate binary option broker and not a scam broker!
For non European traders, the broker is owned by Richfield Capital Limited, which is regulated by the IFSC in Belize, license number IFSC/60/440/TS/17.
When choosing a binary option broker it is always important to check the list of licensed brokers here, to see if the broker is licensed by a government regulatory agency.
If you are looking for the best brokers to trade binary options with, consider using these brokers;
HighLow is the most popular Binary Options Broker in Australia that is regulated by ASIC. Their Minimum Deposit is only $50, and their platform gives up to 200% returns. Get a free demo account at: HighLow.net/Demo.