24option Review
24option is a well-established broker since 2009. 24option has a headquarter in Belize. 24option to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by IFSC (Belize) 000319/38.
Major Information
💲 Min Deposit $100
⚖ Max Leverage 1:400
💡 Min Position 0.01 lot
🌐 Website 24option.eu
⌛ Year Established 2009
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Extensive Review
24option is a brokerage company offering CFD trading for global clients. More than just regular trading in the common MetaTrader platform, the company also provides more advanced trading in their intuitive trading platform. The web-based technology was previously operated as a binary options platform. But since their major change in 2017 to leave the binary options market, the platform was restructured to enable clients to manage their CFD trades.
In terms of trading safety, 24option guarantees its credibility with compliance to the Cyprus Securities and Exchange Commission (CySEC). The company behind 24option, Rodeler Limited, is a Cyprus Investment Firm, authorized and regulated by the CySEC with CIF license number 207/13.
24option's trading accounts are flexible, versatile, and are arranged to be the foundation of clients' trading. The broker offers 4 types of live accounts, as well as a demo account for beginners or new clients who feel the need to familiarize themselves with 24option's proprietary platform before diving into the live account .
24option puts great importance on trading education for every client. It presents a package of various trading materials in every account, adjusted by clients' level of trading that is previously measured carefully and realized into the differing trading specifications. Furthermore, 24option offers frequent free withdrawals for users in certain account types.
The leverage is not provided following the various types of accounts. When trading in 24option, traders will find that the leverage is divided based on the types of clients: retail or professional. For retail clients, leverage is only up to 1:30, while professional clients can enjoy leverage as high as 1:400.
This condition adheres to CySEC's standard as one of the regulations included in the Euro area. Previously, European regulation for leverage in CFD trading has been radically changed from allowing leverage as high as 1:500 to limit it at 1:30 as the maximum standard.
Deposit and withdrawal methods in 24option are enabled in several ways, including bank transfer, credit card, and e-payment (Skrill, Neteller, WebMoney, Perfect Money, PayPal, and others).
Clients need to pay attention to the withdrawal fees, as 24option charges them differently based on the methods used. For example, bank transfers are charged with a $30 commission, while WebMoney withdrawals are charged with 0.9% from the amount transferred.
To conclude, 24option is a reliable CFD broker for its licensed trading services and intuitive platform. Its trading condition is quite accommodative for clients with mid to upper level of skills in financial trading. However, it should be noted that 24option has no guarantee on STP or ECN execution, and does not provide low spreads in the zero range.
Company Information
Features
📖 Free education
📁 Segregated accounts
Account Information
Apart from the forex demo account, this broker offers Diamond, Platinum, Regular and Gold. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by 24option is up to 1: 400. Meanwhile, you can open an account with a starting capital of $100.
Min Deposit
$100
Max Leverage
1:400
Spread
Fixed
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $100000
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, 24option also offers some instruments you would like to trade on, such as Forex and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Diamond account, 24option specifically provides it with the following instruments and leverage:
Forex
1:200
💲 Min Deposit $50000
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, 24option also offers some instruments you would like to trade on, such as Forex and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Platinum account, 24option specifically provides it with the following instruments and leverage:
Forex
1:200
💲 Min Deposit $100
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Instruments Traded
Besides lots of currency pair, 24option also offers some instruments you would like to trade on, such as Forex and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Regular account, 24option specifically provides it with the following instruments and leverage:
Forex
1:400
💲 Min Deposit $25000
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, 24option also offers some instruments you would like to trade on, such as Forex and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Gold account, 24option specifically provides it with the following instruments and leverage:
Forex
1:200
Payment Methods
CashU : If you live in the Middle East, CashU is one of the most popular online payment services there. CashU is a digital wallet that allows clients to pay or transfer money online instantly and offer users its own pre-paid MasterCard with no absolutely additional fees attached. Introduced in July 2002, CashU has targeted the Middle East and North African markets where it serves close to 2.3 million customers. This is the reason why many of the forex brokers that are expanding in the North African and Middle East market accept CashU as one of their payment methods.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
24option also provides payment with paysafecard, giropay, SOFORT, Perfect Money and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, 24option offers you MetaTrader 4.
Customer Support
Do you have any question or find any trouble related to 24option? If you do, you should reach 24option's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About 24option
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if 24option is a good broker for you or not by reviewing the criteria. In general, 24option provides trading service in Forex and CFD . As for the payment methods, you can choose between CashU, Credit/debit cards, giropay, Neteller, paysafecard, Perfect Money, QIWI, Skrill, SOFORT, WebMoney and Wire transfer. The customer support is available via Email, Live chat and Phone.
The starting capital in 24option is $100.
24option is regulated by IFSC (Belize) 000319/38. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
24option is a brokerage company offering trading services for clients since 2009 with offices in Belize.
