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.
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.
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.
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.
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.