24option Review

Details

Broker24option
Website URLhttps://www.24option.com/international/
Founded2009
Headquarters39 Kolonakiou street, Frema Plaza, Agios Athanasios, 4103 Limassol, Cyprus
Support Number+357 25 262063
Support Typestelephone , email , live chat
Languages12 different languages supported
Trading PlatformWeb-based platform | MetaTrader 4 | Mobile platform
Minimum 1st Deposit250 euros
Minimum Account Size250 euros
Minimum Trade Amount0.01
Maximum Trade Amountdepending on instruments
BonusNo bonus
Leverage1:400 maximum
Spreadfixed
Free Demo Account Open Demo
Regulated Yes
RegulationRegulated by CySEC
Fees Yes
Account TypesBasic , Gold , Platinum , VIP
Deposit MethodsCredit/Debit card , Skrill , Wire Transfer , Others
Withdrawal MethodsCredit/Debit card , Skrill , Wire Transfer , Others
Number of Assets200+
Types of AssetsFOREX, stocks, indices, commodities
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score
Visit Broker

Intro into the Company

The website 24option.com is operated by Rodeler Limited, an investment firm based in Cyprus, authorized and regulated by the Cyprus Securities and Exchange Commission. The broker has a long track record as a trading services provider, and it’s currently a partner of the Italian league team – Juventus F.C.

At the time of writing, the trading offer includes forex, cryptocurrencies, commodities, stocks, ETFs, and indices-based CFD instruments. What we can say from the start is that 24option currently stands among the companies offering highly-diversified trading conditions for different types of traders.

Trading Software

When we talk about trading platforms, 24option is not different to other popular brokers. It provides a web-based proprietary trading platform, available through any device that supports a browser. It has most of the usual features, but also some unique tools. Clients can access the live chat directly from the platform and chat with a representative during the trading hours. There’s also the “Our Clients Choice” feature, which shows how the other clients are positioned on each instrument.

For traders who want to stick to the basics, 24option has included the MetaTrader 4 in its platform. Available for desktop, laptop, and mobile devices, it comes with most of the advanced features, allowing the use of automated trading software, on top of the features provided by the web platform.


Trading Features

As we’ve mentioned at the beginning, the offer designed by 24option is aimed at attracting different types of traders. Other than a wide variety of instruments to trade, clients can choose between Basic, Gold, Platinum, and VIP accounts.

It only takes a 250 euros deposit to open a basic account and receive access to the popular Trading Central, daily SMS alerts, daily news, and basic lessons about trading. We should mention, though, that spreads are not too competitive for this type of account. Trading conditions get much better as we move to bigger trading accounts. Retail accounts will get access to maximum leverage of 1:30, while professional clients will be able to take it up to 1:400.


Useful Resources


Unlike other brokers, 24option had decided to allow access to the Trading Central for all its clients, even for basic account holders. Most of the popular companies had already included this tool in their offer and 24option does not fall behind. The most valuable resources are educational, since the company provides a lot of material for beginners and intermediate traders, as well.

Pros and Cons

  • A broker with a long track record, operating since 2009.
  • Diversified trading offer for European traders.
  • Access to the Trading Central for all clients.
  • Modest trading conditions for basic account holders.
  • 100% margin call, as compared to 30% with other brokers.
  • The operator received several fines during the past few years for multiple violations.

Summary


24option is a brokerage company with 10 years of experience in the industry and had thus far managed to provide reliable trading conditions, through a diversified trading offer tailored to suit a wide range of potential clients.

LEAVE A REPLY

Please enter your comment!
Please enter your name here