24option review

Details

Broker 24option
Website URL 24option.com
Founded 2009
Headquarters 39 Kolonakiou street, Frema Plaza, Agios Athanasios, 4103 Limassol, Cyprus
Support Number +357 25 262063
Support Types phone , email , fax , live chat
Languages 12 languages supported
Trading Platform Web Platform | MT4 | Mobile Platforms
Minimum 1st Deposit €250
Minimum Account Size €250
Minimum Trade Amount 0.01 contracts
Maximum Trade Amount 100 lots
Bonus No bonus
Leverage 1:400
Spread floating
Free Demo Account Open Demo
Regulated Yes
Regulation Regulated by CySEC
Fees Yes
Commissions Yes
Account Types Basic , Gold , Platinum , VIP
Deposit Methods credit card , wire transfer , Skrill , Neteller , others
Withdrawal Methods credit card , wire transfer , Skrill , Neteller , others
Number of Assets 300+
Types of Assets forex, stocks, indices, commodities
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 76

Operated by Rodeler Limited, a Cyprus Investment Firm, 24option.com is an online Forex and CFDs brokerage company founded in 2009. At the present time, the company offers trading services for currency pairs, commodities, stocks, indices, and cryptocurrencies, operating mainly in the European Continent.

Trading Platforms

The first platform available at 24option.com is a web-based software, accessible via any popular web browser. If you don’t want to install any kind of software to get market access, the company built an easy-to-use and user-friendly platform. It is also available for mobile devices, working with Android or iOs.

 

Secondly, for traders who want to stick with the most popular trading platform, MT4 is also available. Compatible with Windows OS, as well as available on the App Store and Google Play, it is the ideal charting and analysis software used by traders of all levels.

Regulation

Rodeler Limited is located in Limassol, Cyprus, and thus it is regulated by the Cyprus Securities and Exchange Commission. Rodeler Limited and Richfield Capital Limited belong to the same group of companies and share the 24option brand. Richfield Capital Limited is regulated by the International Financial Services Commission of Belize. 24option operates for clients located in Switzerland and the European Economic Area, excluding Belgium.

Account Types

Clients who want to work with 24option.com can choose between four different account options. Basic, Gold, Platinum, and VIP accounts are currently available, all with different features. Any person can start trading with as little as 250 euros, benefiting from relatively-low floating spreads and access to features like Trading Central or daily TC SMS alerts.

Given the 2018 latest regulation for CFD trading, 24option also offers professional accounts for experienced traders. They can benefit from maximum leverage of 400:1 and other features like lower margin close out.

Promotions

At the present time, 24option does not offer welcome bonuses or deposit bonuses. The only promotion available is Trading Alerts, which enables clients to get SMS alerts with trading signals. There also an affiliate program, just like with the other brokerage companies.

Pros and Cons

  • 24option clients can have access to daily financial news through the 24option twitter feed.
  • A broad range of educational material that includes videos, and as many as 10 webinars per month.
  • Access to the Trading Central, a very popular and trusted trading tool.

 

  • Neither desktop or mobile platforms offer live streaming news.
  • The company has relatively-high maintenance and withdrawal fees.
  • Clients do not have access to any fundamental research.

Educational Material

With 24option, clients have access to a lot of educational resources. Daily market reports, trading strategies, VOD, and Webinars are just a few of them. The most important resource, however, is the Trading Central, with a database containing more than 8,000 assets, providing data and commentary on each one. With it, you will get alerts notifying when a particular asset you are interested in, is updated.  Trading Central is an international investment research company that provides technical strategies, information, and analysis on stocks, forex, commodities and more. It is certified by independent research providers and regulated by several important agencies like the US SEC, Autorite des Marches Financiers and others.

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