24Option Review

24Option is one of the most well-know Forex brokers operating online. It has a great reputation build over years of investment services and opportunities offered to online traders. There are tons of good reasons why this is one of the most preferred Forex brokers out there.

Our review will cover every aspect of the brokerage platform. If you’re looking to trade Forex and CFDs online, this is the one place you should consider really hard about signing up for.

In our practice, we’ve found very few investment brokers who’ve managed to leave an impact on the industry. Ever since it set up shop, 24Option has been a leader in online trading solutions and an attractive place for traders from all walks of life. Let’s explore further why is 24Option a preferred platform.

You have to know that 24option does not offer auto-trading robots. If you are looking for automated trading you can check Crypto Group or Profit Revolution platforms which are both approved by Top10BitcoinRobots.com

Is 24Option Safe?

We carefully investigated and reviewed the 24Option broker. All of our findings and the feedback we managed to get show us one thing – in term of safety, profitable opportunities, and trading conditions, it is a great choice for a broker. And that’s why we recommend it.

24option
24option-logo

Name: 24option

Description: 24Option is one of the most well-know Forex and CFD brokers operating online. It has a great reputation build over years of investment services and opportunities offered to online traders. There are tons of good reasons why this is one of the most preferred Forex brokers out there.

Application Category: Broker

  • User-friendly
  • Demo
  • Support
  • Features
Overall
4.9

Summary

24Option is, without a doubt, a superb trading platform, in fact, one of the best you could join. They have a proven track record of customer satisfaction. It is a well-known broker that gives you a multitude of opportunities to invest and build yourself as a knowledgeable online trader.

Pros

  • Licensed & regulated;
  • Cryptocurrency assets for trading;
  • All-in-one access to financial markets;
  • Multiple platforms to trade on;
  • Dedicated mobile app.

Cons

  • Requires some getting-used-to;
  • Requires Internet connection.
  • Support is not 24/7.

Visit 24option Website

What is 24Option?

24Options is a CFD and Forex trading broker owned and operated by Rodeler Limited. Ever since getting licensed in 2013 by the Cyprus Securities and Exchange Commission (CySEC), the company has been providing stellar services and exciting opportunities for investors to profit online.

Their hard work and dedicated teams managed to turn 24Option from a novice in the online trading market into a pronounced leader in the European Economic Area. Currently, the broker is one of the largest platforms you could join to invest online.

24Options knows how to bring opportunities and satisfaction when trading. The football team Juventus is among their official partners, a clear sign of how big and popular the trading broker is. After years of operations, they know what and how to bring it to their clients.

It is a great advantage to trade on such a well-established and big platform, and we’ll discuss this in more details below.

24Option Assets & Markets

24Option gives you access to all financial markets. Its prerogative is the availability of hundreds of assets in the investment portfolio for you to choose from:

  • Currency Pairs (Forex Market);
  • Cryptocurrencies;
  • Stocks;
  • Commodities;
  • Indices;
  • ETFs.

Quickly and easily compile the assets you trade most often in a list of favorites so that nothing can stand between you and executing the best possible trade at the right time!

24Option Trading Platform

24Option relies on functionality and versatility. That’s why you’ll be able to trade online through multiple devices quickly and smoothly. You have 3 ways to trade as a client of 24Option.

1. WebTrader

Trade through your browser thanks to the great slick environment offered by the broker. You might feel a bit overwhelmed by it, but the team of 24Option has made sure to unclutter it for your benefit.

24option-web-trader
You have various tools and indicators at your disposal to help you make better investment decisions in the nick of time. The platform is equipped with charting tools and features for more experienced traders, all leading up to a wholesome experience.

2. MetaTrader4

If you already have investment experience, then you probably know and favor the MetaTrader4 investment platform. Luckily, it is available through 24Option and you can download it to trade on it. You can personally customize it, make use of the three chart types and the fifty technical indicators to the best of your ability.

24option-meta-trader-4
The platform allows you to trade CFDs and the Forex markets, to analyze in detail market prices, to monitor trends, and even – to use tools for automated trading. Probably one of the biggest advantages that is of great help to novice traders.

3. Mobile App

Given its long history and brilliant market reputation, it’s no surprise that the team of 24Options has gone and developed a user-friendly versatile investment app. It is available for both iOS and Android users.

24option-features
It gives you the ability to trade at any time and from anywhere, quickly and easily. Trading on-the-go has been reshaped and redefined thanks to apps like this, and it is a real pleasure to use them to their full capacity.

In light of all this, it is more than easy to understand why so many traders are attracted by the versatile appeal of the 24Option broker. It offers something for everyone and makes no compromise with the needs and requirements of its users. If you can join the brokerage, it is more than certain you’ll find what you’re looking for in terms of platform capabilities and investment opportunities.

24Option Special Trading Features

The broker provides its users with several great features that can boost your skills as a trader and help you be more efficient when investing online. Here’s what you can expect as an added bonus:

  • Trading Alerts – 24Option partners with Trading Central to provide you with 24-hour coverage of financial markets. You’ll be able to receive advanced market analysis alerts, an additional layer of confidence when you place trades because these can empower you to make better investment decisions.
  • Asset Calculator – use the calculator to always know the parameters of a trade you want to make. It is easy to use and understand, and can give you a great insight into what your investments require in terms of capital.
  • Daily Market Updates – right into the trading environment, get the latest market news. News can have a huge impact on investments since this is one of the factors that markets react to. Never get caught unawares!
  • Economic Calendar – be aware of the latest events in the financial world, along with a forecast of what their impact on the markets might be. Get all of your bases covered to make decisions that will not be negatively affected by sharp market movements.
  • Negative Balance Protection – professional clients can benefit greatly from the negative balance protection available, that ensures they won’t lose more than they have as a balance in the event of sudden disastrous market changes.
  • Demo Account – when signing up for 24Option, you are free to choose an account that will allow you to trade in demo mode. It requires no account funds and comes with up to €100,000 in virtual money. Such an account is a great way to test your trading skills, get to know the platform and make yourself acquainted with all its capabilities before actually investing real money. All the best brokers provide such an opportunity, and 24Option makes no exception.

24Option Account Types

24Option gives you a reasonable choice of account tiers. You can start at the very basic level if you don’t have big capital abilities, or you can dive directly into the depths of online trading with a VIP account. Here are the options you have:

  • Basic Account – the required minimum deposit to open a basic account is €250. Basic clients get one free withdrawal.
  • Gold Account – starts at €5,000 and comes with 1 free of charges withdrawal per month.
  • Platinum Account – requires a minimum deposit of €10,000 and allows 3 free withdrawals per month.
  • VIP Account – for the biggest traders out there, starts at €50,000 minimum deposit. All withdrawals are carried out without fees.

All of these accounts come with additional daily SMS alerts with trading signals, additional training resources, daily news, and the higher tiers – with webinars.

24option-account-types
You can also choose to become a professional client instead of being a retail one. That will give you access to trading with higher leverage, segregation of funds, negative balance protection, access to contests, and more. There are certain criteria that you need to cover to qualify for a professional client, and they are not aimed at newbies.

Visit 24option Website

24Option Limits & Applicable Fees

24Option is quite clear about the fees you might be charged with when trading on their platform. They are nothing out of the ordinary and are rather the usual in the industry:

1. Withdrawal Fees – depend on the method you use for withdrawal:

  • Debit/CreditCards – 3.5%
  • Wire Transfer – 3000 JPY/30CHF/30USD/30EUR/1800 RUB/183 CNY/30 GBP
  • Neteller – 3.5%
  • Perfect Money/ Moneybookers (Skrill) – 2%
  • Qiwi – 3.5%
  • Webmoney – 0.9%

VIP account holders do not pay withdrawal fees. The other account tiers offer the opportunity for at least one withdrawal without a fee.

2. Inactivity Fees – for the purpose of handling an inactive account:

  • 1 to 2 Months Inactivity – €80;
  • 2 to 60 Months Inactivity – €120;
  • 6 to 12 Months Inactivity – €200;
  • Over 12 Months – the account gets classified as dormant and incurs €500 monthly fees. For the account to be reactivated, the user must pay a one-time fee of €1,000.

You can easily discover and make yourself acquainted with the fees and charges you might come across when trading on the 24Option platform. This is one of the very few CFD and Forex brokers that actually share an open policy about their fees and make sure to keep their clients informed. That’s another reason why we respect the broker so much.

24Option Payment Methods

For your comfort, 24Option accepts a wide array of methods you can use to make deposits and withdrawals. You’ll be able to choose the one that is most comfortable for you in terms of accessibility and budget. Just keep in mind that withdrawals will be transferred via the same method you used to deposit.

The payment methods accepted on the 24Option broker platform include:

  • Visa, Mastercard;
  • Skrill, Neteller;
  • TrustPay;
  • Trustly;
  • EPS;
  • GiroPay;
  • PayPal;
  • Wire Transfer, and more.

You’ll be provided with the whole list once you begin the registration process. The offered payment methods will be adjusted to your location.

In addition, when making a deposit keep in mind that even though the minimum deposit for the basic account is €250 or an equivalent in another currency, if you choose to deposit through Wire Transfer, the minimum will be €1,000 or equivalent.

In terms of withdrawals, there are no minimum limits when you make withdrawals to credit cards, Skrill or Neteller. But if you choose a wire transfer, you should make a minimum withdrawal of €100 or the equivalent in another currency.

Keep in mind!
Speaking of currencies, with 24Option you can deposit in EUR, GBP, or JPY. But! Once you select your preferred currency, you won’t be able to change it!

Regulation – Is 24Option Scam or Safe?

Apart from being one of the most popular names when it comes to Forex and CFD brokers, 24Option is among the most trusted ones. It is licensed and regulated by CySEC, offers an encrypted investment environment, and adheres to strict Anti-Money Laundering and Know Your Customer policies.

You can expect not just a fruitful and satisfying experience as their client, but also a highly-secured one. In other words, 24Option is not a scam, on the contrary – it is a highly recommended broker.

24Option Education & Resources

24Option is another great broker that ensures its users will be well educated and equipped with the resources and skill necessary to enjoy fruitful investments online. Even if you are a complete beginner, you’ll be able to grow your knowledge base and develop your skills thanks to the extensive education library provided by the broker.

In addition to the educational material, you’ll gain access to a video-on-demand library for additional training. All account tiers include additional tailor-made advanced training, and the highest tiers also come with exclusive professional webinars.

Don’t miss your chance to gain the most out of the treasure trove of knowledge, insights, tips, and tricks offered by the broker!

Get Further Support

You can contact 24Option via email and live chat. The support is available 24/5, it is highly responsive and it is advisable to contact them even before you open an account in case you have any questions.

In addition, you can find the HQs’ physical locations and phone numbers for Germany, Cyprus, and Romania. Our team is highly supportive of open communication between brokers and traders, and you should take advantage of the opportunity to contact them.

PROS:

  • Licensed & regulated;
  • Cryptocurrency assets for trading;
  • All-in-one access to financial markets;
  • Multiple platforms to trade on;
  • Dedicated mobile app;
  • Demo account available;
  • User-friendly;
  • Multiple accounts to choose from;
  • Extensive educational library;
  • Numerous additional trading features;
  • All essential investment tools;
  • Additional tools & resources;
  • Video-on-demand lessons;
  • Webinars;
  • Full fees disclosure.

CONS:

  • Requires some getting-used-to;
  • Requires Internet connection.
  • Support is not 24/7.

Conclusion

highly-recommended-badge

24Option is, without a doubt, a superb trading platform, in fact, one of the best you could join. They have a proven track record of customer satisfaction. It is a well-known broker that gives you a multitude of opportunities to invest and build yourself as a knowledgeable online trader. Whether you’ll take that chance is up to you, but we definitely recommend it as a great choice.

Visit 24option Website