24option Comparison

Compared to other brokers that only accept two to three major currencies, 24option supports 4 major currencies: the US Dollar, the Euro, the British Pound and the Japanese Yen. Having more supported currencies for deposits are advantageous to foreign traders because it lessens the restrictions to use only US Dollars or Euros which are the only accepted exchanges in other brands. US traders are also allowed to join and trade which is a rarity among other brokers that usually doesn’t accept American users. That feature alone is already an advantage especially for traders who are based on US soil because they will be able to purchase options without any hassles or difficulties since trading is legal and permitted.

There are also plenty of assets to choose from especially for the indices and forex section. A total of 13 indices and 12 currency pairs are available for trading. 24option is also one of the most generous brokers in the industry today as it offers one of the highest payout rates for In-The-Money options that can reach as high as 89% for specific assets. This is a far cry in comparison to the standard payout rates ranging from 65% to 70% only. On the other hand, Out-Of-The-Money options are also not a total loss because 24option offers a Sell Back option where traders can re-sell their options prior to the expiry period so they can lower down the losses of not so good trades. This is a good way to hedge greater damages to your initial investments when trades go the opposite direction. When it comes to the option types offered, 24options offer a range of choices for trading such as the classic Up/Down options, the alternative Touch options and Boundary options, and the 60 seconds options where you can open and close trades in a span of 1 minute.

Broker

Minimum Deposit

Currency

Accepts US Traders

Minimum Trading Amount

Maximum Trading Amount

Assets

In The Money

Out of the Money

Option Types

24option

$250

USD, EUR, GBP, JPY

Yes

$24

$15,000

13 Indices

12 Forex

3 Commodities

9 Stocks

Up to 89%

Sell back option

Up/Down

Touch

Boundary

60 Seconds

TopOption

$100

USD, EUR, GBP

No

$25

16 Indices

12 Forex

8 Commodities

13 Stocks

Up To 85%

Sell back option

Up/Down

One Touch

60 Seconds

Option Builder

Pro Option

iOption

$200

USD, EUR

No

$10

$3,000

33 Indices

25 Forex

10 Commodities

60 Stocks

Up To 85%

Sell back option
&
0-10%

Up/Down

Touch

Option Builder

60 Seconds

OptionFair

$250

USD, EUR, GBP, JPY

No

$25

$5,000
(Higher on request)

12 Indices

21 Forex

4 Commodities

25 Stocks

65-98%

0-15%

Up/Down

Touch

Boundary

AnyOption

$100

USD, EUR, GBP

$25

Variable

30 Indices

9 Forex

4 Commodities

45 Stocks

65-71%

15%

Up/Down

Touch

TradeRush

$200

USD, EUR, GBP, CAD, AUD, JPY

Yes

$5

$5,000

35 Indices

13 Forex

9 Commodities

56 Stocks

65-81%

Sell back option & 0-15%

Up/down

60 seconds

Option builder

Option pro

One touch

Roll over

Double up

Early close

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