24option Review

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Launched in 2009, 24option is an online broker that provides traders of all levels with intuitive and user-friendly trading platforms that incorporates the latest technologies for online trading. They give traders access to trade multiple trading instruments from different markets, including forex, commodities, cryptocurrency, stocks, indices, metals, energies, and ETFs. The broker provides clients with an array of additional services including trading tools, market analysis, educational materials, dedicated 24/5 customer support, and more.

24option Review Introduction

In this 24option review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including 24option.

24option Platforms & Tools

24option provides clients with the popular MetaTrader 4 platform and their proprietary advanced web-based trading platform.

24option Review - MetaTrader 4 (MT4) Trading Platform
24option Review – MetaTrader 4 (MT4) Trading Platform

The MetaTrader 4 platform is widely known for its intuitive user interface and built-in trading tools for efficient trading and chart analysis for all levels of traders. It was developed in 2005 by the Russian software company, MetaQuotes. It has the following basic features: multiple order types, multiple chart timeframes, over 50 technical indicators, automated trading, strategy templates, a marketplace, and an online community. The MT4 platform is available as a desktop application for Windows and Mac computers, a WebTrader that runs directly on most modern web browsers, and mobile apps that are compatible with iOS and Android devices. They can be downloaded from the relevant app stores, and it aids traders to manage their accounts and place trades while on the go.

There is the 24option Web Platform, which is the broker’s proprietary trading platform. It is very user friendly with a simple layout — thus, giving it a clean clutter-free trading environment. The platform runs directly modern web browsers and is replete is with essential trading tools.

The broker also provides clients with the mobile version of its exclusive platform. It is compatible with Android and iOS devices. The 24option app maintains the same functionality as the web platform.

24option Review - Trading Central
24option Review – Trading Central

Clients can also benefit from other useful trading tools in addition to those built-in the provided trading platforms. They include Economic Calendar, Trading Central, and more.

24option Research & Education

24option provides traders with a good selection of educational materials on its website. These include tutorial videos, webinars, and training tips. There is also a glossary with a collection of commonly used trading terminologies and their definitions.

24option Review - Tutorial Videos
24option Review – Tutorial Videos

24option Trading Accounts

24option offers a variety of flexible and versatile account types to cater to each trader’s needs. The spreads range from 1.1 pips to 2.8 pips, depending on the account type and trading instrument, whereas the leverage varies from 1:30 to 1:400, depending on whether you qualified as a retail or professional client. The available trading account types and their corresponding minimum required deposits are as follows: Basic (€250), Gold (€500), Platinum (€10,000), and VIP (€50,000). Demo accounts are available to test the different trading platforms and conditions before opening a real live account.

24option Account Funding

24option offers a variety of quick, easy, and secure methods for depositing and withdrawing funds from your trading account. These include bank transfer, credit/debit cards (Visa, MasterCard, and Discover), and online payment systems, such as Neteller and Skrill. Accounts can be opened in EUR, GBP, JPY, and RUB, and currency conversion fees do not apply. The transaction fees, limits, and processing time vary with the payment method used.

24option Review - Funding Methods
24option Review – Funding Methods

24option Customer Service

24option offers a knowledgeable customer support team that can be reached via online chat, telephone, and email.

24option Regulation

24option in Europe is operated by Rodeler Limited, an investment firm that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 207/13. On the other hand, the International offering of 24option is operated by Richfield Capital Limited, which is a Belize investment firm that is authorized and regulated by the International Financial Services Commission (IFSC) of Belize with license number IFSC/60/440/TS/18.

24option Review Summary

24option is a regulated online broker that offers a variety of trading instruments across multiple asset classes. They provide clients with multiple powerful trading platforms, useful trading tools, and a selection of educational materials.

It is worth mentioning that some of the trading products and services in this 24option review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the 24option broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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  • Multiple trading instruments
  • Sophisticated trading platforms
  • Trading Central and other useful trading tools
  • A good selection of educational materials