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24Option Review and Forex/CFDs

4.6 / 5

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24Option Review and Forex/CFDs

  • Leverage: 1:200
  • Mobile Platform
  • EU CySEC Regulated binary options broker
  • Articles and financial news
  • Large selection of languages
  • More than +130 tradable instruments.
  • Trade un-leveraged crypto currencies like Bitcoin, Ethereum, Ripple, Litecoin and Dashcoin.
  • Dedicated support to assist you.
  • Education center.
  • Daily Review and Economic calendar
  • Good and well-known reputation
  • Good variety in types of trading and assets Decent pay outs

Pros

  • More than +130 tradable instruments.
  • Trade un-leveraged crypto currencies like Bitcoin, Ethereum, Ripple, Litecoin and Dashcoin.
  • Dedicated support to assist you.
  • Education center.
  • Daily Review and Economic calendar

Cons

  • The spreads are a little bit too high. For example, you get a 3 pips spread on EUR/USD.

24Option Review and Forex/CFDs info

Name 24Option Review and Forex/CFDs
Website URL www.24option.com
Established 2010
Location Cyprus
Support Options 24Option’s customer service department offers 24/7 live chat and email support, with telephone assistance in 12 countries. Their proprietary trading platform is also translated into 22 languages. The live chat attendant seemed rather slow to respond when tested several times. In addition to its customer support department, the company offers a wide range of educational materials, such as daily market news and updates, live webinars and interactive eBooks. Their Trading Central feature allows clients to access third party market analysis and historical data. 24Option also provides videos on demand, with available topics including courses for intermediate and advanced trading in CFDs, forex and binary options.
Deposit Options Visa, MasterCard, Discover. Skrill and Wire Transfer
Withdrawal Options Credit Card, Perfect Money, Moneybookers (Skrill), Neteller, Wire transfers
24Option Leverage: 1:200
24Option Platform: MetaTrader 4
24Option Review Based in Limassol, Cyprus, award winning online broker 24Option has been providing services for binary option traders since 2010. 24Option is a full service forex broker that recently expanded their services in December of 2016 to include trading in forex, CFDs, commodities, stocks and indexes. 24Option is owned by Rodeler Limited, which is regulated in Cyprus by the Cyprus Securities and Exchange Commission or CySEC under the CIF License number 207/13. Rodeler also owns the Grandoption, QuickOption and 24FX brands, under which the company offers some of the most advanced trading platforms currently available. The company offers its services on a cross border basis to EU member states, which permit the provision of its services in their jurisdictions. Due to the company’s regulatory obligations, client funds are safeguarded by being deposited in segregated bank accounts. The company has two principle offices, one situated in London, England, and its headquarters, which is located at #39 Kolonakiou Street, Ayios Anthanasios Limassol, CY-4103 in Cyprus. 24Option is not currently active in the United States, so 24Option does not accept customers based there.
24Option Mobile App Yes

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24Option Review and Forex/CFDs Trading

Although the offering of bonuses and promotions has been restricted for brokers based in Cyprus by CySec regulation, there are currently two legacy promotions which are offered by 24option. Anyone signing up as a new client and downloading the mobile app received a one-off tradeable bonus of $24. Additionally, discretionary cash bonuses may be paid from time to time to particularly active or otherwise valuable clients.

24option review

The minimum deposit to open a live 24Option review forex account is  EUR/GBP 250, with a minimum transaction size of  EUR/GBP 24. Deposits to fund a 24Option live account can be made via credit card: the company accepts Visa, MasterCard and Discover, through Skrill electronic payment and through bank wire transfers. The company also accepts UCash, Neteller, Qiwi, Sofort, WebMoeny and PaySafe, to name just a few, but they do not accept PayPal payments.

The minimum deposit for a credit card is €250, £250, ¥50,000 and RUB 10,000. Deposits can be made in the following currencies: British Pound, Japanese Yen, and the Euro. For an electronic payment minimum deposit amounts are: €250, £250, ¥50,000 and RUB 10,000, while for a bank wire transfer, they are £1,000, €1,000 and ¥100,000.

24Option also has some maximum deposit amounts, which is a daily limit of 10,000 Euros or Sterling and ¥100,000 for credit cards, and a monthly limit of 40,000 Euros or Sterlingand ¥4,000,000.

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24option Regulation and Registrations

  • The 24option review brand (EU) is owned by a Cyprus Investment Firm (CIF) called Rodeler Ltd. Based in Limassol, Cyprus, Rodeler Ltd is under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) and is licensed and authorized under the CIF license number 207/13. Rodeler Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.
  • Under the European Union (EU) “Passporting” rule, the 24option brand is also registered with EU member states.
  • Non-EU based clients are serviced by the company called Richfield Capital Ltd, a Belize based company regulated by the Belize International Financial Services Commission (IFSC) under the license number IFSC/60/440/TS/17)

CONCLUSION – 24option Review

24Option is tailored to fit the needs of a variety of traders so no matter of your trading style, they have the right tools for you. They are fully regulated, which means your funds are protected against any potential fraud.

24Option is a well-established and well-grounded broker. If you’re looking for a broker that offers a variety of markets, including cryptocurrencies then 24Option is a very good choice.

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