24Winner Review
| Broker | 24Winner |
|---|---|
| US Traders Accepted | |
| Company Name | Safecap Investments Ltd. |
| Headquarters | Cyprus |
| Regulation | CySEC, license number 092/08 |
| Bonus Type | Match bonus |
| Bonus Size | $2,500 |
| Max Payout | 80% |
| Out-of-Money Reward | 0% |
| Trading Platform | Keystone |
| Early Closure | |
| Deposit Options | Credit/debit cards, wire transfer, Fast Bank Transfer, WebMoney, Skrill, Neteller |
| Deposit Currencies | US Dollar, Euro, British Pound, Canadian Dollar, Japanese Yen, Polish Zloty |
| Minimum Deposit | $200 |
| Minimum Trade | $10 |
| Maximum Trade | $10,000 |
| Online Since | 2013 |
| Trading Instruments | Currencies, stocks, indices, commodities |
| Number of Trading Instruments | 52 |
| Binary Option Types | High/Low, One Touch, Pro Option, Speed Master (60 Seconds), Touch/No Touch |
| Customer Support Types | Telephone, email, live chat, paper mail |
| Education Offered | FAQ, glossary, how-to pages, articles, eBooks, videos, account manager, newsroom updates, 1 on 1 training |
| Tools Offered | Double up, early close, rollover |
| Languages | English, Arabic, Russian, Spanish, French, Italian, German |
| Demo Account | No |
24Winner is a regulated binary options broker located in Cyprus. Their CySEC license number is 092/08. While regulation is becoming more common for binary options brokers, it is still relatively rare, so this is a great feature. 24Winner prominently draws attention to their regulated status on their main page, and it is definitely one of their selling points. They have some other exciting features and policies as well, though, including a large number of trading resources, and fee-free deposits and withdrawals. Let’s take a closer look.
Opening an Account on 24Winner
As a CySEC-regulated binary options broker, 24Winner does not give accounts to traders in the USA. Traders in other locations around the world can choose to open an account however, and may trade using US Dollar, Euro, British Pound, Japanese Yen, Canadian Dollar, or Polish Zloty. It is easy to make a deposit using credit or debit card, wire transfer, or an e-wallet service. The minimum deposit is typical, $200.
There is no demo account on 24Winner (one of the site’s drawbacks), but there are three different account tiers you can choose from when you set up your paid account. These include the Starter Account, which comes with a welcome bonus of up to $250, the Pro Account, with a welcome bonus of up to $500, or the VIP Account, with a welcome bonus as high as $2,500. The minimum deposits to open these accounts are $200, $1,000, and $5,000 respectively.
Yes, that means that the welcome bonuses are actually lower than they are for many other sites. You are getting a pretty high bonus on the Starter Account (as far as percentages go), but for the Pro and VIP accounts, you are only getting 50%. If that seems strange with a lot of brokers offering up to 100% on much larger account sizes, think about it this way. A lot of brokers offer bonuses which are actually suspiciously high; they are unrealistic. Fifty percent is a pretty standard size for a welcome bonus at any reputable online betting site or casino (100% is not); those are both more established industries. That means that while these bonuses are lower, it is much more likely that the site offering them is actually trustworthy and plans on delivering!
All three accounts include zero outlay in fees and commissions. That is not just for trading either; it also applies to your deposits and withdrawals (except for wire transfers; your bank may charge you a fee for that, don’t forget). This is excellent, as the majority of brokers set fees for withdrawals along with high minimum thresholds and strict limitations on the number of withdrawals you make each month. 24Winner does not appear to have any of these limitations, which makes your money much more accessible!
24Winner Trading Features
24Winner uses a platform called Keystone. While Keystone is not used by a lot of brokers, it essentially has the same layout as the more popular SpotOption. It should be intuitive and simple for all users. Across the top, you will see the different types of trades you can make on 24Winner, including Classic (High/Low), Speed Master (60 Second options), One Touch, Touch/No Touch, and Pro Option. Prop Option gives you more sophisticated charting tools so you can more easily see what you are doing (but you should still download advanced charting software to plan your trades).
This is a nice variety of trade types, so that is great to see. While there are fewer assets to trade here than there are on a lot of other binary options sites (52 in total, including currencies, stocks, commodities and indices), this should be more than enough for the average trader.
There are a couple of great trading features worth noting. Firstly, this site does offer you double up, rollover and early close, all of which help you to control your risk. Secondly, on 24Winner, you can trade as little as $10 or as much as $10,000. This is a wide range, and perfect whether you have a very small account or a very large one.
Learning How to Trade on 24Winner
24Winner makes it easy to start trading knowledgeably by providing training resources to new traders. Along with the glossary and FAQ, there are a number of how-to pages, articles about trading binary options, eBooks, and video tutorials. Additionally, the site has a newsroom that is continuously updated with a feed of relevant current events, and offers account managers to all traders regardless of account size. One-on-one training is available at every level as well. At the highest level, you can receive unlimited training for as long as you need it. Many sites do not offer features like that at all to holders of smaller accounts, but 24Winner does.
Good Customer Service
When we checked in with live chat, a friendly agent answered within just a couple of minutes. He patiently answered every question, and was knowledgeable about every aspect of business and trading. This was very refreshing; usually these chat desks at brokers are not staffed at all, or if they are, the service is lacking.
Conclusion: An Exciting Binary Options Broker
There are areas that 24Winner could work on, but they seem to already be on it. There is no mobile trading yet, for example, but the site pages indicate they are already laying the groundwork for mobile apps. There is no demo trading either, but the fact that when you are logged in you can view your account type as “real” indicates they may be working on adding demo accounts as well. There are a lot of things 24Winner is already doing great with. The flexible trade sizes are wonderful, and we love the fee-free deposit and withdrawal procedures. Customer service appears to be doing a great job, and it is excellent that this broker is regulated. If you are outside the United States, it is worth your time to check out 24Winner; you may like what you see.