24option Review

24option at a glance:

Regulation: Yes (CySEC)

Minimum Deposit: $100
Demo Account: Yes
USA: No
Mobile: Yes

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

 

 

24option

 

 

General Overview

24option offers different account types for different traders. This helps the traders to start trading with the correct settings and

24option has four different account types available for their clients to choose from. The account types are basic, silver, gold and platinum and you have to choose one of these to be able to trade with them. The basic account has only a few features as every account type has different features included. The platinum account has the most features, but the gold account is most popular.

24option also offers education to its clients. You can read their daily report, news feed, different market analysis, and strategies. You can also watch their VODs (Video On Demand). The videos are mostly about forex, but there is also one video about CFDs. There are also webinars available.

Assets Coverage

The assets 24options offers for its clients are forex, CFDs, and cryptocurrencies. With 24option you can trade the five most popular cryptocurrencies as CFDs.

Types of Platforms

The 24option trading platforms are MetaTrader 4 and web trading. You can use both of them, but MetaTrader 4 has a lot of built-in functionalities to help you to trade. MetaTrader 4 has automated trading tools, it also analyzes market prices and monitors trend lines. It also includes technical indicators and you are able to personally customize it.

Deposits and Withdrawals

The minimum deposit to start trading with 24option is 100$. However, if you deposit via wire transfer, the minimum deposit amount is 1000$.

You can deposit money to 24option with many different ways, depending a bit where you are from. Commonly accepted payment methods are Visa, Mastercard, Discover, Switch, JCB, OKPAY, Bank Wire, Perfect Money, Wire Transfer and Skrill.

To withdraw your funds from 24option, you can use all the same payment methods as mentioned above. Note that the processing times and fees (if any) might vary depending on the method. Make sure you select the best solution for yourself.

Customer Service

Customer service can be contacted by email, phone or live chat. The live chat includes a very helpful feature. When you open the live chat pop-up, you are asked what topic your question is about. After selecting the topic, you have a number of different questions available that are answered immediately. If you won’t find the answer this way, you can continue to be connected with a live agent. This feature makes the FAQ section slightly unnecessary, however, they still have a small FAQ on their site which can be useful to read through.

Safety & Security

24option is licensed and regulated by CySEC and it has also been registered in many European countries in addition to the CySEC license.

Verdict

24option is a broker with a good reputation in the trading industry. They have been in the business for some time now and they are regulated by many authorities. They offer the most popular forex and CFDs to trade and they support a wide variety of payment methods to deposit and withdrawal funds. 24option is a reliable broker and if you are looking to trade forex and CFDs, it is probably the right choice for you.

Start Trading with 24option

 

 

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”