Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
|---|---|
Year Established | 2010 |
Execution Type(s) | Binary Options |
Minimum Deposit | $500 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
** Upon scheduled review of 24Winner we discovered that the brand has been closed. If you're interested in trading with similar services, please read our review of TopOption, a binary options brokerage operated by Safecap Investments, the same operator as the former 24Winner.
24Winner, formerly known as Winner Option, is owned by Safecap Ltd a CySEC regulated and licensed binary options broker. Winner is a large casino and sports betting company that recently decided to start offering their players a binary options platform. In October 2014 they changed their name to 24Winner.
They are located in Nicosia, Cyprus and are registered with financial regulatory agencies in many countries including; FCA in the United Kingdom, AMF in France and CONSOB in Italy, Spain, Netherlands, Germany, Sweden, Denmark, Hungary, Slovakia, Czech Republic. They are also authorized under MiFID. Up to $200,000 in Trader Protection Insurance is provided.
The site offers traders the choice of numerous financial products and services in addition to user-friendly tools and information to help them get started. 24winner aspires to make trading options simple for experienced traders as well as beginners and caters to all tastes and preferences.
Accounts
24Winner offers a choice of five different trading accounts. The Bronze account requires a minimum deposit of $500 and a 100% bonus is awarded for each deposit. The Silver account, which is the one recommended by the broker for beginners, starts with a deposit of $2500 and entitles the trader to a bonus of 100%. A deposit of $5000 will open the Gold account which entitles the trader to a bonus of 125% and the same bonus is awarded to those opening a Platinum account with a deposit of $10,000.
The TOP Platinum account is the broker’s premier account. Anyone with $50,000 or more can open this account and receive a bonus of 150% plus additional perks and tools.
Traders with any of these accounts receive 24/5 support, a selection of video tutorials and withdrawal distribution possibilities of between 48 to 24 hours.
I was surprised to see when updating this review that a demo account is still not offered. 24Winner seems to be one of the few binary option brokers that does not provide this opportunity. However, I must note that when researching this broker, it was implied elsewhere that although no mention of a demo account is made on the site, traders can make a personal request from the broker to opt for this option.
Features
24winner offers a broad selection of close to 200 tradable assets, including currencies, commodities, stocks and indices and lists each one clearly according to the asset, its trading hours, expiry formula and symbol.
When it comes to market indicators, 24winner has collected the top market indicators and lists then on an economic calendar so traders can stay up-to-date and in-the-know about the major factors that are influencing global markets.
The calendar shows exactly when the market indicator reports are to be published, explaining their significance, rating the importance of each report, and showing their real and predicted impact on affected currencies. There is also a listing for expiry rates for each asset.
Education
One of the key features of the 24Winner educational resource center is their daily market activity report which provides traders with crucial information that can be of tremendous benefit to them. By accessing these reports on a daily basis, traders can track and often accurately predict in which direction a given asset is going.
All the daily market reports are archived, so they can be continually reviewed and used for tracking trends. Our archives go back to day one of 24winners’ operations. Topics include the day’s major economic events, market commentary on a global scale, as well as the activity of noteworthy currencies, indices, commodities, and stocks.
24Winner also provides each trader with a free e-book which covers topics such as the essential concepts and terms in binary option trading, the psychology of trading, tips for successful trading, how to use trading tools and more.
The video library offers a variety of introductory discussions, instruction on the basics of trading binary options as well as more advanced courses.
Webinars are mentioned as another feature offered at the education center. However, when doing this review, I found that the last webinar listed were quite old and there were no current ones mentioned.
Bonuses/Promotions
24Winner offers generous deposit bonuses of up to 150% of the initial funding. There were no other bonuses or promotions offered.
Deposits/Withdrawals
Funding to accounts at 24Winner can be made using credit cards, bank transfers and a host of online payment programs such as Skrill, WebMoney and Neteller.
Withdrawals are made using the same methods. Withdrawals can take up to 7 days to process. There are no fees for withdrawals.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/5 |
Website Languages |
24Winner representatives can be reached by live Chat, emails and telephones to nine different toll free numbers and 14 other locations. A fax number goes through to their Cyprus office.
Conclusion
Despite it being relatively new to binary option trading, 24Winner has managed to turn itself into a broker to be reckoned with. With its simplified trading platform and safe trading environment, traders feel confident in dealing with them. The choices of underlying assets also help to make trading a pleasurable experience.
Features
24Winner moved from being a gambling site to functioning as a binary options broker several years ago and has come a long way since then. One of their best features offered by the broker is the list of different trading accounts which can be opened with as little as $500. The exclusive TOP Platinum account can accommodate $50,000 and more. The accompanying bonuses for each deposit are also quite generous ranging from 100% and up to 150%.
Platforms
Proprietary
24Winner offers their traders the latest platform for Binary Option trading. They use the KeyStone platform, which was developed by a Safecap company. Their platform is available in seven languages including; Russian, Italian, French, Spanish, Arabic and German.
24Winner is one of the few binary brokers that uses its own proprietary trading engine and not a generic white label platform provided by SpotOption or Tradalogic.
The platform can be accessed for mobile trading.
24Winner offers the following options:
Classic Options, the simplest type of options to trade with. Traders decide if prices are going to rise (Call) or fall (Put); One Touch Options, where traders decide if prices will “touch” a predetermined level before expiry; Pro Option which is suitable for traders with slightly more trading experience. With this option, they can gain access to extra trading tools such as “Double Up” or asset history, “Early Closure” and “Roll Over”. Under the Pro Option mode, traders are also able to do pair trading where they face off one asset against another.
With Touch/No Touch Options, traders have to ensure that the asset price reach or exceed the predetermined price. And with the Speed Master option, traders can trade in options with an expiry time of 60 seconds. This is really fast paced and is recommended only for traders with an appetite for high risks.
Trading Platform
Guaranteed Stop Loss | |
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Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |