24option Review

  • Regulated by: CySEC
  • Headquarters: Cyprus
Website : 24option
Established : 2009
Country : Cyprus
U.S. Clients Allowed : No

24option broker

A group of financial professionals established 24option broker in 2008. The binary options were opened for business in 2010, in Cyprus.  In 2015, Rodeler Ltd acquired 24options. As of today, it is one of the most reputable online brokerage platforms in the market.

24option has made its mark in the world of binary trading, and in 2017 expanded into the foray of CFDs and forex trading.

24option offers a wide and diverse range of assets that include stocks, indices, commodities and f currencies. 24option has made a diligent effort to provide quality customer service and to come up with inventive solutions, the effort paid off in the way of numerous accolades and awards bestowed up the firm by a loyal client base and industry experts.

The 24option operates in every country in the world barring the US and Australia.

24option Regulation

Rodeler Limited, the parent company of 24option is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 207/13, this one of the most stringent regulatory agencies in the world.

Rodeler Limited is registered with the EU Member State, and is allowed to provide services for various countries under the European Union.24option is also affiliated with Richfield Capital Limited, a Belize based company which is regulated by IFSC (Belize International Financial Services Commission) under the license number IFSC/60/440/TS/17)

24option safeguarding of client’s funds

As the parent company (Rodeler Limited) is regulated by CySEC; as a part of that regulation, 24option is required to take added measures to ensure the safety of client’s ownership right; which makes it mandatory for 24option to maintain the client’s funds and the broker’s own funds separately as two different accounts. This practice ensured that the traders trusted 24option and it has made 24option one of the most credible units in the market.

24option CFDs on Forex & Stocks

24options was already a reputed binary trading platform, their 2017 expansion in the world of Forex & CDFs was a change awaited by many traders making it a complete trading platform. The new platform for FX and CFDs is super intuitive and most traders will find it easy to trade on this platform.

As of today, 24options allows CFDs trading on currency, stocks, commodities, cryptocurrencies and indices.

24option Trading Platforms

24option platform

With the launch of their own web trading platform, 24option has gained an edge over its competitors. The platform sticks to the basic framework that most market trade apps use; it has a new and improved interface with easy call to action buttons that make trading on it fairly easy for novice traders as well as experienced ones.

Given the proprietary nature of the trading platform, they have full oversight over the underlying technology which allows them to fix bugs and roll out software updates with improved features at a faster rate.

For the traders who prefer market common trading platforms, 24options is compatible with MetaTrader 4 (MT4) which the traders can download from their website.

With industry approved MT4 and its own platform, 24option has the access to various technical guides and comprehensive charting packages to provide optimum trading experience to their clientele.

Mobile Trading

In order to extend the service of 24option’s own trading platform on trader’s smartphones, it has launched IOS and android compatible mobile app version of its online platform. MT4 also provides the app version of its desktop platform which can be used by traders accessing 24options on the go.

24option Account Types

24option account types

24option provides 4 different account types that the trader is free to choose from, basis his needs. The 4 packages are namely – Basic, Silver, Gold, Platinum.

24option Deposit and Withdrawals

Following the suit of leading players in the market, 24option has kept their deposit and withdrawal procedure simple and hassle – free. You can deposit funds into the accounts via Debit/Credit cards, bank wires, and e- wallets.

Withdrawals

Gold and Platinum account holders get free withdrawals, the others are given one free withdrawal a month, a variable fee is charged on subsequent withdrawals.

24option Customer Support

In order to cater to a global client base, 24option provides multi-lingual customer support through Monday to Friday; around the clock. It also provides localized phone support in most countries. The client can get in touch with the support team via 4 mediums:

  1. Email
  2. Live Chat
  3. Filling a form on 24option’s website
  4. Telephone

24 Options Pros & Cons

PROS

  • Reputed and Regulated Broker
  • Multilingual & Localized Support
  • Has its own trading platform
  • Multiple choices of trading accounts
  • Variety of underlying assets

CONS

  • No ECN training provisions

24Option Q&A

Is Rodeler Ltd (24option regulated)?

Yes, it is regulated by CySEC in Cyprus and is registered with EU Member State. For Non – EU countries it is regulated via Belize IFSC.

Is 24option a scam?

It’s far from it. It is regulated by CySEC which is known for its strict regulatory requirements. SSL security is maintained by the broker to protect private information such as bank and other personal details.

How to open an account with 24option?

It’s quite simple, you have to fill an online form, make an initial deposit and you can start trading almost immediately. Be sure to read the legal documents to avoid any future hassles.

Does 24option use MetaTrader, which version?

Yes, 24option supports MetaTrader 4 (MT4) as a downloadable version, web trader or as a mobile app.

What is 24option’s leverage?

On an average 24option provides up to 1:400 leverage based on the account level and instrument chosen. It’s competitive by the industry standard.

Conclusion

With almost a decade of presence in the market, 24option is a bankable source for online trading.  With its expansion from binary to CFDs and Forex trading, it has shown intuition and good grasp of the market and its practices. It is strictly regulated with security measures that are up to date. 24options is an ideal brokerage platform for traders of different levels.

24option Review

24option Review
9.6

Easy to use

9.6 /10

Fees

9.6 /10

Support

9.6 /10

Payment

9.6 /10

Pros

  • Reputed and Regulated Broker
  • Multilingual & Localized Support
  • Has its own trading platform
  • Multiple choices of trading accounts
  • Variety of underlying assets

Cons

  • No ECN training provisions
Ricardo Martinez

Ricardo Martinez

Ricardo Martinez has been active in the financial markets for around 10 years. In the early days in his career he was a trader and worked as market analyst in different online brokers advising clients on key decisions of trading instruments in foreign exchange and commodity markets. Ricardo is currently working as independent trader with diversified portfolio over different markets. His writing for LearnMarketonline is part of his commitment to share knowledge with traders.