24option Wealth Academy

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a Complete Guide for Binary Options Trading

Out of the successful attempts of the 24Option broker to help its clients in trading, the broker established an academy, the 24Option Wealth Academy, where traders can learn how to manage their investments. This academy is dedicated in ensuring that every trader in 24option trades like an expert from the very start of trading.
The 24Option Wealth academy is made of a team of very successful market specialists and traders who have a great knowledge of the binary option markets.
Contrary to what most newbies believe, binary option trading is not that simple and it requires some education before investing in it.

It is not just selecting a high or a low; NO. It goes far much beyond that; it includes understanding the financial market, analyzing the market and choosing the type of contract to place among several other things for you to be a successful trader. The 24option is there to help educate its clients in these things. It is actually the best place for a binary option trading beginner.

Benefits of the 24Option Wealth Academy

When a trader is enrolled with the 24Option Wealth Academy, he or she is entitled to a variety of features which include:

  • The trader is free to use a one-on-one coaching call.
  • The trader can freely download the trading eBook.
  • The trader has access to a live professional customer support.
  • The trader is free to access an online wealth market app.
  • The trader can access the trading tutorial videos that are on demand
  • The trader has the advantage of getting advanced trading strategies.
  • There is also a Fast Start Guide for the totally new binary options traders with no experience in trading at all.

How to enroll in the 24Option Wealth Academy

Activate your real account

Activation of a new account is simple and only requires that after verification of the registration documents, the trader should deposit a minimum of $250 into his or her new 24Option trading account.
Once a trader activates his or her real trading account, they are eligible for the 24Option Wealth Academy irrespective of the type of account that they decide to open.

Download the trading ebook

The trading ebook contains information on what binary options are, different types of binary options and ways of creating trading techniques as well as other useful trading information.
It is made in such a way that beginners will understand how to trade from the word go.

Watch the 24Option’s comprehensive VOD

This is a series of 37 complied video tutorials of proven trading strategies, key trading patterns, new strategies, professional market analysis as well as advanced trading tips.

Go ahead and watch the advanced 24Option’s VOD

This is a compilation of 9 tutorials on the professional trading methods. The videos highlight topics such as passive trading, market analysis and aggressive trading among several other important topics.

Request the powerful trading alerts with PRO signals

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This alerts are free. They include services such as powerful and precise signal alerts and advanced algorithms that are very simple to use.

a Complete Guide for Binary Options Trading

24option’s headquarters are located in Cyprus. It is a well established binary options brokerage firm that have earned itself a great admiration from many binary options traders due to its excellent and consistent services.

It was formerly managed by CBAY Financials, but as of late 2020, the management changed to Rodeler Ltd.

It is a regulated binary options broker, by the Cyprus Securities Exchange Commission (CYSEC) and its license number is 207/13.

Since its founding, 24option binary options broker has been awarded severally by the FX Empire. Some of the awards that 24option has received include: Best Binary Options Broker 2020 award, Best Binary Options Broker 2020 award and Most Innovative Broker 2020 award.

Basic information:

Online since: 2020
Jurisdiction: Cyprus
Max Returns: 89%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $24
Maximum Investment: $50000
Currencies: USD, EUR, GBP, Yen, RUB
Mobile: Yes
Countries: All nations excl. USA & Australia

– Fast and easy withdrawals (in as little as one hour)
– Accepts many different types of payments including Paypal
– Low initial investments for trading
– Extensive trading options
– Multiple account options
– Available in multiple languages

– Access to Demo requires an account with a paid deposit

Binary Minery Rating:

24option binary options trading account types

24option offers two main trading account types; the demo trading account and the real trading account.

The demo trading account is mainly designed for binary options trading beginners as well as for experienced traders who wish to test their trading strategies before using them to trade in the real account.

However, the demo account is only accessible to those who have already opened a real account and deposited $250.

There are five different types of real trading accounts and each has its unique features that suit certain group of binary options traders. Below is a closer look at the 5 real account types.

Basic account

Traders opening this type of an account are guaranteed a payout of up to 82%. It also offers one withdrawal per month that is free from any fees.

Trading is central and the traders are offered customer support.

Silver account

In addition to all the benefits offered in the basic account, this account also entitles options traders to receiving trading alerts and a personal coach.

Gold account

Traders opening this account type benefit from all the benefits of the silver account and in addition, they are also entitled to a payout of up to 84%, receiving email and SMS alerts and an opportunity to use expert advisers in live trading.

Platinum account

In addition to all the benefits of the gold account, traders with this type of an account are also entitled to a payout of up to 86%, fully free cash withdrawals to the bank, session of financial expert, provision of a research website, an opportunity to trade forex and higher trading limits.

Diamond account

On top of all the platinum account benefits, traders who open this type of account are also entitled to a payout of up 88% and a chance to acquire a customized platform.

Rewards and bonus offered by 24option broker

24option broker offers a variety of cash prices and bonuses. These bonuses can be grouped into four categories which are:

This bonus is given upon every deposit that a trader makes.

Depending on the amount and account type, there are other special terms and conditions that may apply to this cash bonus. The trader should therefore be very careful when accepting this bonus and ensure that he or she has gone through all the terms and conditions.

  1. Technology bonus I

This is a kind of a reward, where a trader is given a free ipad, if he or she makes a minimum deposit of 10,000 dollars and has a trading volume of 50,000 dollars.

  1. Technology Bonus II

This is also a kind of a reward, where a trader is given a free MacBook, if he or she makes a minimum deposit of 20,000 dollars and has a trading volume of 100,000 dollars.

  1. $24 New Account Bonus

This bonus is only available for traders using the 24option mobile application. Also, before claiming this bonus, the account has to be verified and the trader has to make a deposit within one hour from when he or she registered the account.

24option trading software

24option provides traders with two types of trading platforms. These are the Pix2 trading platform and the 24option mobile app which is designed for mobile phone devices and it is free to download.

The Pix2 trading platform and 24option mobile app are trading softwares offered by the Tech Financials and they are different from the normal trading platforms like Tradologic which are used by other binary options traders.

Also, for the binary options traders who use their phones, there is a secondary website made for mobile phone devices so as to ensure that traders can access their trading accounts from wherever they are and make trades without having to sit infront of a computer.

Features of the Tech Financials trading software:

  1. It allows four types of trading options which are: boundary binaries, one touch binaries, classic binaries and short term binaries.
  2. It offers a variety of durations for the expiry of the binary options trades. Some of the expiry duration options included are 30 seconds, 2 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, 24 hours and end of month.3
  3. It allows the trading of all the assets listed.
  4. It allows mobile trading.

Screenshot

Types of Binary Options Trading Contracts

24option offers four different types of trades to its binary options traders. Each of the options has a different payout percentage.

These options are:

  1. Boundary binaries

This type of a binary trading contract includes a standard yield boundary option and a high yield boundary option.

The Payout Percentage of the boundary options ranges from 65 to 70%.

  1. Classic binaries

This type of binary options trading contract consists of above and below options as well as high and low options.

The payout percentage of the high and low options range from 70 to 85% while the payout percentage for the above and below options ranges from 220 to 360%.

  1. Short term binaries

This type of binary options trading contract consists of binaries with short expiry durations that range from thirty seconds to five minutes.

The payout percentage of this type of option ranges from 70 to 85%.

  1. One touch binaries

This type of binary options trading contract consists of Touch binaries, No Touch binaries as well as high yield binaries.

The payout percentage of the Touch and No Touch options range from 70 to 77% while the payout percentage of the high yield binaries range from 200 to 350%.

Withdrawal and depositing options

24option binary option traders have a variety of options for withdrawing and depositing money from and into their 24option wallets respectively. The allowed options of transacting money in 24option are: JCB,MasterCard, Skrill Moneybookers, Dankort, Visa Card, Bank Wire, Discover Card, Diners Club, Cartasi, Liberty Reserve, Visa Electron Dankort ans Laser.

The process of depositing money takes 24 hours since the deposits are manually approved. The minimum deposit amount is $250.

The withdrawal process will depend on the type of acount you open. Withdrawal is free for the gold and platinum accounts. The rest of the accounts have a processing fee which is different for different options of transacting money. For those who use the Liberty Reserve, the processing fee is 1%. For the Moneybookers the processing fee is 2%. For the Credit cards the processing fee us 3.5% and for the Bank Wire option the processing fee is $30.

For the bank wire, the minimum withdrawal amount is $1000.

Also, 24options doesn’t allow deposits and withdrawals from residents of United States and Australia.

Assets list

In 24option, binary options traders have a wide range of trading assets to choose from. The assets range from currency pairs, commodities, indices to stocks.

Below is a comprehensive list of the assets:

The currencies are mainly in pairs. Some of the most traded currencies are: Australian dollar, Japanese Yen, US dollar, European pound, Great Britain pound, Canadian dollar, New Zealand dollar and Swiss Franc among many others like the RUB.

The commodities offered by 24option include: coffee, oil, sugar, XAU/EUR, gold, copper, XAU/JPY, platinum, corn, silver and XAU/XAG.

The indices offered by 24option are: ASX 200 Future, Hang Seng Future, IBEX-35,CAC 40 Future, MIB-40 FUTURE, FTSE-100, DAX-30, Bombay 30 and Dow Jones.

Some of he most traded stocks in 24option are: BEIERSDORF, COCA-COLA, BMW, FACEBOOK, MICROSOFT, GOOGLE, IBM, SONY, FRANCE TELECOM, TWITTER and NIKE among many others.

Customer service

24options offers customer services to its traders regardless of the type of account that the trader holds.

It offers its customer services via live chats and emails.

To date, 24option broker has spread to various countries, prompting it to offers its customer services in a a variety of languages which include: English, Spanish, French, German, Italian, Danish, Swedish, Russian, Japanese, Arabic, Romanian, Korean, Finnish, Indonesian, Turkish and Portuguese. However, 24option broker doesn’t allow traders from United States and Australia.

24option also has a special academy for the beginners who want to learn how to trade.

Conclusion

In conclusion, 24opion is a proven binary options broker whose services are non-questionable.

The traders only have to be careful with their trading strategies so that they can be guaranteed of good payouts.

The other thing that 24option traders have to be cautious about, are the various bonuses offered by 24option. Before accepting any kind of a bonus, the trader has to understand all the strings that are attached to that bonus. So, the trader should read all the terms and conditions of a bonus before accepting one. Failure to do this will result to frustrations since things may not work out as the trader had planned.

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Best Binary Options Brokers 2020:
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