24Option Review – Pros & Cons, Free Demo account

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24option – trusted forex trading platform review

вњ… This Trading Platform is available in Russia

24option is one of the leading brokers of the binary options niche. Since 2020, this broker started to gain a leading position in the Russian financial market in terms of trading binary options. The main goal of 24option is an absolute success of each trader!

This broker constantly improves service to attract clients. 24option expands the list of assets and improves conditions for its traders. 24 options provide analysis of trading transactions and create their rating for carrying out awarding with cash prizes for the most active traders. 24option actively conducts promotions, contests, and also provides additional bonuses for refilling deposit balance.

Location – Cyprus, Limassol

Trading platform – TechFinancials

The minimum deposit – 200$

Minimum amount of the deal – 24$

Yield – up to 89%

Free Demo Account – NO

Regulators – CySEC, FCA, MiFID

Types of funding – Visa, MasterCard, Discover, Skrill, Bank transfer

Assets – 100+ (commodities, stocks, indices, currencies)

Return on losses – NO

Types of options – High/Low, Boundary, Touch, High Yield

Applications – mobile, tablet

This broker actively carries out training for traders of all levels. Everyone is able to learn the necessary trading strategies, concepts and methods of risk management. В Every new trader, even without any basic knowledge, has the chance to learn secrets of trading from “scratch” with access to huge collection of training materials. The training itself is presented as an educational center and consists of sections with “step-by-step” structure of learning for trader.

Despite the fact that 24option does not provide Demo account, trader of any level can choose a suitable type of account for his own needs among presented:

Profit up to 82%

Fee for monthly money withdrawal

Basic access to “Trading Central”

Profit up to 82%

Fee for monthly money withdrawal

Basic access to “Trading Central”

Profit up to 82%

Fee for monthly money withdrawal

Basic access to “Trading Central”

Training in real time mode

Profit up to 82%

Fee for monthly money withdrawal

Basic access to “Trading Central”

Training in real time mode

Access to the research website

Fee for monthly money withdrawal

Basic access to “Trading Central”

Training in real time mode

Access to the research website

Increased trade limit

Input-output of monetary funds is carried out through payment systems Visa, MasterCard and Chinese Union Pay.

Regarding to ways of trading, 24option offers for traders: “Short”, “Price above-below,” “One touch” and “Boundary”. The validity is following: 30 sec, 60 sec, 2 min, 5 min, 15 min, 30 min, 1 hour, 24 hours+ and till the end of the month. And the maximum sum of transaction is set by the broker in the amount of 100 000$. Profit of transactions varies in the range from 65% to 450%.

24option also provides traders of all experience levels the ability to create charts and market analysis using the Meta Trader 4 Platform (MT4). This Platform enables the most popular tools for graphing and provides immediate execution of queries and results in real time.

The advantages of the platform:

Simple and intuitive interface

Large number of manuals and instructions

An excellent system of trading signals

Trouble-free withdrawal of funds

Great hardware of the trading

Modern security protocols of web trading

7 Binary Options

In our review of 24Option, you will find that this broker offers top notch binary options trading. The broad span of their service provisions makes the user feel completely comfortable with every phase of the entire process.

The 24Option team immediately helps clients to realize the features are innovative and help investors to expand their knowledge. The platform is phenomenal with a full category of trading options that offer investment amounts to appeasing every budget. You can also access your account from any mobile device to enable you to utilize all the trading chances.

24Option is one of the recommended binary options brokers in 7BinaryOptions.com.

Basic information:

Online since: 2020
Jurisdiction: CySEC
Software: TechFinancials
Max Returns: 88%
Minimum Deposit: $100
Minimum Investment: $24
Maximum Investment: $100 000
Currencies: USD, EUR, GBP, Yen
Mobile: Yes
Countries: All nations excl. USA & Australia

  • Very good trading software
  • 60 s option
  • Excellent customer service
  • Free signals
  • Mobile Trading
  • Doesn’t accept US traders

7 Binary Options Rating:

Is It Regulated?

Sometimes it is hard to analyze the trustworthiness of a binary options broker. After all, a fantastic and professional website doesn’t mean anything. Extensive features are no guarantee of honesty or sound business practices either. Finding out whether a broker is trustworthy is crucial. The first thing that we do is analyze and review any broker, regardless of whether they are new to the market or one of the more established players.

We use a number of methods for comparing how trustworthy the various brokers are, but the most important is whether or not they are regulated. Regulation provides third-party oversight to ensure that the broker is not doing anything that might harm or unfairly disadvantage its customers. When looking at the regulatory status of the various binary options brokers that are available, 24 Option is in an elite group.

This is because 24 Option is regulated by CySEC. In fact, it was one of the first binary options brokers to be officially recognized by CySEC when the regulator started to monitor the industry.

CySEC regulation is impressive in itself, but 24Option has taken it a few steps further. Specifically, it also has a registration by a number of institutions. 24option takes measures to safeguard Clients’ Funds. In this sense, the Company cooperates only with banks authorized and regulated by EU member states and that are highly rated by credit rating agencies

In addition, CySEC is the regulatory body in Cyprus which allows to brokers to provide its services within the European Union. The mission of the CySEC is to exercise effective supervision to ensure investor protection and the healthy development of the securities market.

It is important to say that it is healthy to be skeptical when looking at binary options brokers – the industry has too many cowboy operators. 24Option ticks all the right boxes, so it is worth further evaluation.

Available Underlying Assets Reviewed

Generally speaking, brokers that offer a large number of underlying assets offer the best trading experience. This is because you have more choice and can diversify and/or target your trading strategy to suit your needs. You will not be disappointed by the range of underlying assets available at 24Option.

It has more than 120. This is more than almost all other brokers and is probably due to the fact that 24Option is one of the longest operating of all binary options brokers. It gives you the choice to trade binary options and Forex/CFD in over of over six stock, commodity, indices, and currency exchanges.

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The underlying stocks include many of the biggest and more well-known companies in the world. This includes oil companies, technology companies, telecommunications companies, car manufacturers, and more. There are around 60 to choose from; and because they are major underlying stocks, you will find a lot of information to analyze and track, which should help your decision making process.

Commodities are a popular underlying asset for many traders involved in binary options, and many include specific commodities as part of their overall strategy.

With 24Option, you can choose from a number of commodity options including:

  1. gold
  2. silver
  3. crude oil
  4. copper
  5. platinum
  6. you can even place binary options and Forex/CFDs trades on a coffee

The range of underlying indices available at 24Option is not as good as the other types of underlying asset, but there are still all the big names. This includes Dow Jones and the FTSE 100, two of the most followed indices in the world. You can also trade on the S&P 500 as well as Russia’s MICEX and China’s Hang Sheng.

Currencies are traded in pairs. You have to pick the currency that you think will perform better within the set timeframe out of the two. The currencies included in the various pairs are the world’s major currencies, so you should be able to do plenty of research and trend analysis. The currency pairs that 24Option offers include:

You should remember that research is the crucial part of every trading strategy whatever underlying asset you choose and whatever type of option you decide to trade. Make sure you get to know the markets you trade in as much as you can. What is the Trading Platform Like?

Analyzing the trading platform is a crucial part of determining the quality of a binary options broker. The trading platform is essentially the user interface— the place where you gather information, monitor data, place trades, and manage your account.

Trading platforms vary greatly from broker to broker, but you can put them all into two broad categories. The first is a custom built platform, and the second is a platform based on software created by well-known providers (SpotOption is probably the best-known example). There are advantages and disadvantages to both approaches.

Creating a custom platform means the broker can optimize the platform for its customers, i.e. tailor it to the services it offers, the underlying assets it offers, and the options it offers. A custom built platform also gives the broker more control over making it easy to use and ensuring every trader has all the information they need.

Using a third party platform, on the other hand, is less costly to develop and less risky, as the software is already tried and tested.

This is all important, as the trading platform offered to customers can make or break a binary options broker. In other words, the trading platform is more important than special offers, or other marketing tools. After all, if traders don’t like using it, they won’t.

Points You Should Know about 24Option Platform:

  1. 24Option chose to use a third-party platform from the Israeli company TechFinancials. It is an established name in the binary options and forex broker industries. Therefore, its platform is well tried and tested. It is also intuitive with an attractive and easy to use design.
  2. While it is also free from clutter, it is packed with information, so you can make the right decisions for your trades. This includes prices that are updated in real time. Real-time prices mean any quotes you get are based on the latest available information provided by 24options liquidity provider.
  3. In addition to the above, there is an impressive variety of pricing options available at 24Option. This optimizes the pay outs, which makes it possible (with the right strategy) to expand investors trading experience. Obviously, it is not possible to reach a pay-out level of 100 percent, but 24Option’s score is typically between 70 and 88 percent per successful trade. But have in mind that if your prediction is wrong you will lose your invested capital on this trade. This is more than respectable and is also better than most, if not all, of its competitors.
  4. Some people in the binary options industry describe TechFinancials’ platform as being mid-range. That may be so, but it still manages to have everything the trader needs. This includes advanced traders. For example, you can trade on a wide range of underlying assets that includes currency pairs, the stocks of many blue chip and internationally recognized companies, commodities, and indices.
  5. Analytical tools are available also, so you can gather all the information you need before deciding to make a trade. Most of this is represented in graph form to make it as easy as possible to read and identify trends. Some technical indicators are available too.

This above is just an overview of the platform with a focus on the design and technical aspects of 24Option . Now it is time to get into it in more detail by looking at some of the features and options available. After reading the next section, you will have a better understanding of what 24Option is capable of and what you can expect to achieve.

What Option Types Are Available?

Options are a type of trade that you can make that will end in either a profit or loss. Generally, there are three main types:

  • Underlying asset specific options – These can only be used to place trades from a specific list of underlying assets.
  • Time specific options – These are trades that stay live for a specific time period before expiring. They can be either long term or short term.
  • Mixture – Other options mix both of the above, i.e. they are limited by both underlying asset and time.

24 Option’s option types fall into these broad categories. Specifically, it has four options you can choose from. They include:

  1. High/Low Option

The High/Low option is one of the most common binary option types. In fact, every broker that we have analyzed offers High/Low options, although some call them Call/Put options. Despite the name, they are the same thing.

In a High/Low option trade, you predict the final price of an underlying asset based on its current price. In other words, you predict whether the final price will be higher than the current price or lower than the current price. The trade will have an expiration time, and you win or lose depending on whether your prediction is correct at that time.

High/Low binary option trades can be placed on a wide variety of underlying assets, including currency pairs and stocks. It is a low-risk form of trading, which means the pay outs are typically lower than other option types that are available. Because they are low risk trades, they are suitable for new traders and cautious traders that don’t want to occur big losses and want to explore their options.

  1. One-Touch and No-Touch Options

One-Touch or No-Touch trades are based on price, so they fall into a similar category as High/Low trades. They are a more risky trade, as they are harder to accurately predict. As a result, pay outs are typically much higher.

In both variations of the trade, the broker sets a target price for the underlying asset and an expiration time. If you select the One-Touch option, you are predicting the underlying asset will reach the price set by the broker before the time expires. As soon as this price is achieved by the underlying asset, the trade ends and you get the profits. If the underlying asset does not reach the predicted price by the time the trade expires, you lose the money.

If you select a No-Touch option, you are predicting that the price of the underlying asset will not reach the set price. If it does reach the set price, the trade ends and you lose. To win you have to wait until the expiration time during which the underlying asset cannot “touch” the target price.

This is a risky and, therefore, potentially more lucrative trade because you are making a more difficult prediction. For example, it is easier to predict if a trade is going to go higher or lower than its current value over the next five hours. It is much harder to predict that it will reach a specific value in that time period. Similarly, it is also hard to predict that it won’t reach a target price in that time period. This is because you have to predict both the movement of the price and how much it will move by. With a High/Low option, you only have to predict the direction of movement.

  1. Boundary Options

Boundary options carry a level of risk that sits between High/Low options and One-Touch/No-Touch options. As a result, the pay outs are more than they are for High/Low options but are lower than touch options.

In a Boundary options trade, an underlying asset will be given a boundary price by the broker. This is a price range that includes both an upper and a lower value. To make the trade, you predict whether the underlying asset’s price will stay within the boundary during the time period of the trade or whether it will fall outside the boundary.

This is why there is less risk than touch options, i.e. there are more price possibilities that result in a win.

Because of the nature of Forex markets, most experienced traders do not place Boundary options trades on Forex pairs.

  1. 60-Second Option

This is one of the newest types of options in the binary options industry, and it is available on 24Option. It is a high-thrill, high stakes, high pay out type of option that expires 60 seconds after you open it. A number of variations are available. You can win big, but it is not a method of trading for the risk averse.

Option Expiration Times Reviewed

Expiration times can make the difference between a successful and an unsuccessful trade. In fact, every second counts. Just one second is all it takes to turn a profit into a loss or a loss into a profit. There are no strict rules that determine whether the expiration times offered by a broker are good or not. However, all good platforms offer a wide variety to choose from. This is exactly what you get with 24 Option. The expiration times it offers include:

Short-Term

Short term expiration times allow you to make multiple trades in a short period of time. They work particularly well with trades on the underlying stocks of major companies and on currency pairs. Good results can be more challenging to achieve with binary option and Forex/CFDs trading in indices and commodities. Therefore, you should consider the type of underlying asset you are trading on before opting for a short term option. You expect average levels of profit, although the risk is normally on the high side.

The short term expiration times available at 24Option are:

  • 60 seconds
  • Two and five minutes
  • Half an hour and an hour

Long-Term

There are two long term expiration times available at 24Option. They are five hours and a variable length end-of-day expiration time. This is more limited than some other platforms, which also offer longer expiration times; but those timeframes are rarely used by traders. Binary options traders typically prefer shorter terms and like the trading day to close without any open positions. Therefore, the offering from 24Option is sufficient.

Demo Account Availability

Demo accounts are available for new traders at 24Option. This account lets you learn how to use the trading platform and get to know the features and options of the dashboard. It is not a stripped-down version, so everything you see in the demo account is exactly the same as the real account you will get when you start trading for real.

In the demo account, you can trade; but, as hinted in the last paragraph, they are not real trades. This means you don’t have to deposit or risk any of your own money when using the demo account. You are given $40,000 of virtual money so you can learn how 24Option works. This also lets you try some trading strategies so you have a plan whenever you start putting your own money on the line.

In other words, using a 24Option demo account is a completely risk free way of deciding whether you like the platform. It also lets you find out if it has all the tools you need, and it lets you test trading strategies.

One thing you should remember is that you have to keep your virtual balance above $0. This is because the virtual funds are not replenished, so once it hits zero, you will not be able to make any further virtual trades.

If you are new to binary options trading or have limited experience, we highly recommend you start with 24Option’s demo account. It is sometimes tempting to jump right in with real money, but it is always better to test the binary option system, get comfortable with the platform, and then make an informed buying decision. If you decide after using the demo that you are happy, you can simply deposit money into your account and begin trading for real cash. If you are not happy, you never have to log in to the account again.

Islamic Accounts

Binary options are traded by people from all backgrounds. It doesn’t matter what country you come from, whether you are male or female, how much money you earn, how good your education was, or what your religious beliefs are. The only rule is you have to be over 18. After that, all you need is Internet access, a willingness to learn and a tolerance for risk. However, most binary options brokers don’t have a suitable offering for one section of the community – Muslims.

24Option is unique in this regard, as it does offer the option of an Islamic account. This gives the hundreds of thousands of Muslims interested in binary options trading the opportunity to get an account and trade with the peace of mind that they are doing it on a platform and with an account that complies with Sharia Law.

It is free to set up and own an Islamic account at 24Option, just as it is free to have a standard account. Nothing about the account could be described as usury. This means there are no hidden charges or rollovers. Commission and interest are not charged either.

In addition, Islamic accounts are available in Arabic to cater to Muslims who speak it as their first – or only – language. The site itself is in Arabic as is the user interface. All the help materials are available in Arabic too, including binary options trading tutorials, ebooks, and more.

Possible Payouts

We found that 24option payouts are a bit to rave about in the meantime as well. In fact, most payouts tend to be typically higher. The payout is between a 70 and 88 percent on successful traders. For most 60 seconds options, clients have made as much as a 70 percent payouts and that’s great for one minute in our opinion.But investors should have in mind that they might lose all their invested capital.

Personal account managers explain to the clients that the payouts will vary and change as new underlying assets enter the platform. It is important to remember that clients might lose their invested capital as well. However, most investors find comfort in knowing that all of the payouts are viewable on the trading platform and this includes out of the money payouts.

Account Types

Another motivational tool during our review of trade efforts with 24option, is their various account types e.g. Platinum, Gold and Standard account.

  1. Platinum account holders generally have access to further features like high/low options, high-yield, boundary, and touch options. They get most update info about latest trends in the market, and they also get personal training session as well.
  2. Gold account holders usually get 2% return on each successful trade that they make and they can also trade all option.
  3. Standard account holders can also trade all options and they can access 24 hours customer support as well.

It helps to understand the depths of each account and which best fits your trading style. We found that the insight offered by the personal account manager team to be very useful in helping clients to decide which route to take as a beginner. The free demo account is a must for anyone on an entry trading level. This account provides the platform needed to familiarize yourself with the basics of binary trading options and without it, many newbies would be lost.

Underlying Assets

With 24Option you can trade Binary Option on different underlying assets such us currencies, commodities such as gold and silver, leading stocks such as BMW and Google, indices that include S&P500, DAX, and NASDAQ.The underlying assets of 24option review are very encouraging and provide great alternatives for various trade levels.

Boundary options are of course a favourite but we’ve found that High Yield options can be rewarding when traded with care. Traders gain a more clear perspective of the platform and its importance and this causes them to be more attentive to the underlying assets and available options. We also found as a positive incentive that 24option presents the option to close early as on online trading feature.

Screenshot of The Trading Software

Deposit and Withdrawals

The deposit interface of 24option is very simple to comprehend. It’s obviously simple if one who has never traded can do it. In addition to that, it’s fast and very safe to use, you can deposit your funds in GBP, USD, JPY and through digital payment. With all that’s going on in the world today, safety while trading is essential.

Minimum deposit amount offered by 24option broker is 100GBP, USD, EURO, and approximately 10000JPY. There are various methods of funding allowed for online binary trading, like clients can deposit funds by using MasterCard or Visa, Credit card, digital payment method or through bank transfer. The simple process afforded by 24option makes it more enjoyable. The withdrawal standard of 24option is without a doubt more convenient and many other brokers out there.

Customer Service

If nothing else we’ve mentioned encourages you to at least give 24option a chance, their superior customer service will win you over at every phase. It is most important to be provided great customer service and this has been our discovery at every phase of 24option. It is essential that we mention the significant number of available languages for 24option. This is a great underlying asset for international traders who desire to trade in their native language.

Although live chat is offered in various languages, this isn’t always possible. Most of the support comes through as English but there is support available in 13 other languages. For any binary options trading queries, 24Option has live chat, email and telephone numbers. This is in order to provide excellent customer service in a prompt and professional manner, anywhere in the world.

Summary

24Option trading platform is easy to use for trading binary options and it provides high returns for traders. It is also CySec regulated and has access to around the clock customer service for any assistance on trading. This all makes 24Option a binary option broker we can highly recommend.

Is this your final decision?

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Italian, Danish, Swedish, Russian, Latvian, Japanese, Arabic, Romanian, Korean, Finnish, Indonesian, Turkish, Portuguese
Trading Options: High / Low, Boundary, Touch Options, High Yield Options
Underlying assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 60 sec, 2min, 5min, 15 min, 30 min, 1 hr, 24 hr+, End of Month
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, Diners Club, JCB, Discover Card, Liberty Reserve, Dankort, Cartasi, Laser, Visa Electron
Withdrawal Time: 1-3 bank days
Demo account: Yes

24option Review 2020

24option is a regulated online broker offering a variety of trading instruments across multiple asset classes with convenient trading platforms but limited in terms of trading tools and educational materials when compared to other online brokers.

24option Review 2020, Pros & Cons
  • Regulated
  • Segregated client funds
  • Investor Compensation Fund (ICF)
  • Commission free accounts
  • Trading central
  • Webinars
  • No US clients
  • Restricted leverage for non-professional clients
  • Limited educational material
  • Limited trading tools

In this detailed 24option review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

24option is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including 24option.

24option Review: Summary

24option is an online broker offering all levels of traders intuitive and user-friendly trading platforms that incorporate the latest technologies for trading on multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs.

Alongside the ability to trade various markets around the clock, 24option also provide clients an array of additional services including trading tools, market analysis, educational materials, dedicated 24/5 customer support and more.

Founded in 2009, 24option are a regulated broker that are committed to operating with the upmost integrity and providing the same level of service regardless of your experience or investment size.

24option Review: Regulation

24option in Europe is operated by Rodeler Limited who are an investment firm that are authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 207/13.

The international offering of 24option is operated by Richfield Capital Limited who are a Belize investment firm that are authorised and regulated by the International Financial Services Commission (IFSC) of Belize with license number IFSC/60/440/TS/18.

Rodeler Limited and Richfield Capital Limited belong to the same company group and operate under the “24option” brand.

Due to European Securities and Markets Authority (ESMA) rules, clients in Europe have limited leverage, a specific margin close out rule, restrictions on trading benefits and some other limitations. These limitations may not apply for those who qualify as a professional client.

24option keep client funds in segregated accounts separate from the company funds to ensure they are not used for anything else such as running costs. The Investor Compensation Fund (ICF) is available from the European company regulated by CySEC and can compensate traders up to €20,000 if the broker is unable to meet its financial obligations.

24option Review: Countries

24option accepts traders from most countries excluding Belgium, Iran, China, Bosnia And Herzegovina, Israel, France, Japan, Australia, Canada, United States, India, Nigeria, Brazil, Switzerland and some others where there are strict restrictions in place.

Some 24option broker features and products mentioned within this 24option review may not be available to traders from specific countries due to legal restrictions.

24option Review: Trading Platforms

24option offer traders access to the financial markets through their own advanced web-based trading platform and the popular MetaTrader 4 (MT4) platform. The platforms are protected by a Secured Socket Layer (SSL) provided by Comodo CA Ltd which encrypts all data during transmission over the internet to protect user information.

MetaTrader 4 (MT4)

MT4 is widely used by traders across the globe and is known for its intuitive user interface and built in trading tools for efficient trading and chart analysis for all levels of trader.

MT4 features include multiple order types, multiple chart timeframes, 50+ technical indicators, automated trading, strategy templates, marketplace and online community.

MT4 was developed by Russian company MetaQuotes and is available in multiple languages for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

24option Review: MetaTrader 4 (MT4) Trading Platform

24option Web Platform

24option have their own proprietary trading platform where users can access and trade all of the available CFD instruments such as Forex, Stocks, Commodities and Indices. The platform runs in most popular web browsers and therefore does not require downloading or installing any additional software. It is very user friendly with a simple layout giving a clean clutter free trading environment.

24option Review: Trading Platform

You can select instruments from different asset classes using the window on the left-hand side. This will load up a chart window of the selected instrument which can be displayed as 6 different chart types (Candlesticks, HeikinAshi, Hlc, Line, Dots and Area Charts) and 8 timeframes from 1 minute to 1 month. Users can conveniently place orders by simply entering the desired lot size and using the buy/sell buttons. You can save a list of your favourite assets to easily have access to them.

There are objects and technical indicators that can easily be placed on the charts for conducting analysis and finding potential trading opportunities. Amongst the 90+ technical indicators are some of the most popular such as MACD, moving average, Bollinger Bands, Pivot Points, Ichimoku Clouds, etc.

The platform also has a built-in economic calendar which displays the latest financial news releases with dates, impact rating, country and previous/forecasted/actual results. This is often used to keep up to date with latest market movements and as part of a fundamental analysis.

24option Review: Trading Platform Economic Calendar

24option Mobile Platform

24option also offer their exclusive platform as a mobile application for download on both Android and iOS devices. It has a very clean and simple interface making it user friendly. The mobile platform is convenient for those who with to access their account and trade on the go from anywhere in the world where there is an internet connection.

The 24option app maintains the same functionality as the web platform. Features of the mobile app include placing multiple order types, charting on multiple timeframes, real time price quotes, over 80+ indicators for technical analysis, stop loss, take profit and account funding/withdrawal.

24option Review: Mobile Trading Platform

24option Review: Trading Tools

24option have a few independent tools that can assist traders with technical and fundamental analysis, specifically the Trading Central platform which can conduct fully customised and detailed market analysis.

Economic Calendar

24option have an economic calendar where you can view the latest financial news releases along with the expected impact of each release and relevant country, the time/date and previous/forecasted/actual results. You can filter news in the calendar to only display those releases which meet a certain criterion. The economic calendar is also built into the 24option platform and is a way to assist traders with fundamental analysis.

24option Review: Economic Calendar

Trading Central

24option account holders have access to advanced market analysis and alerts from Trading Central. The Trading Central platform provides real time and historical data and commentary on over 8,000+ assets from multiple markets. This can help keep traders informed with what is happening in the markets and to be alerted when there are updates that you are interested in receiving.

Trading Central features include daily technical analysis reports and the ability to scan the markets for potential trading opportunities using technical indicators and candlestick pattern analysis.

Trading Central is certified by independent research providers Investorside, Euro IRP and Asia IRP and is regulated by the Autorite des Marches Financiers (AMF) in France, SEC in the US, and the Hong-Kong Securities and Futures Commission.

24option Review: Trading Central

24option Review: Education

24option have some trading tips on their website covering general trading and market topics. There is also a glossary with a collection of commonly used trading phases and their definitions. Tutorial videos and webinars are available for those who wish for more detailed explanations.

Tutorial Videos

24option have a section of their website dedicated to tutorial trading videos for different levels of traders. The videos are easy to follow and cover a range of topics from order types to conducting market analysis and more.

24option Review: Tutorial Videos

Webinars

24option hold regular free online webinars where traders can look to improve their knowledge and skills, familiarise themselves with the trading platform and various other trading concepts. Webinars are viewed in the GotoMeeting platform and questions are encouraged. The webinars cover a variety of basic and advanced trading topics.

24option Review: Webinars

24option Review: Trading Instruments

24option have approximately 150+ tradeable instruments offered in various markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs.

CFD Trading

24option offer trading instruments as contract for differences (CFDs) which are derivative products in which traders speculate on the difference between a specific asset’s starting value and its closing value. Profits and losses are determined by the difference in price from when the asset position was open and closed. When trading CFDs, traders do not need to actually physically own the asset.

Forex Trading

Forex trading is the buying of one currency and simultaneous selling of another currency, with the view to profiting from the change in value of the currency pair over time. Forex is traded in currency pairs such as the EUR/USD, GBP/USD, USD/JPY and USD/CHF. The forex market is known for its large trading volume and volatile nature which makes it risky, especially when trading with leverage. 24option offer a range of forex currency pairs including major, minor and exotic crosses.

24option Review: Forex Trading

Cryptocurrency Trading

Cryptocurrency is a decentralised online digital currency that is based on complicated mathematical algorithms. There are over 800+ different cryptos and as they are not tied to any banks or single country, they can be traded 24/7. 24option were amongst the first online brokers to offer CFDs on cryptocurrencies and have many of the most popular available to trade including Bitcoin, Ethereum, Litecoin, Dashcoin and Ripple XRP.

24option Review: Cryptocurrency Trading

Commodities Trading

Commodities offered to trade by 24option include precious metals such as gold and silver. There is a selection of soft commodities such as sugar, corn and wheat. Energies including oil and gas are also available.

24option Review: Commodities Trading

Stocks Trading

24option offer a variety of stocks for trading as CFDs on some of the largest companies across the globe such as Amazon, Nike, Sony, eBay and Facebook.

24option Review: Stocks Trading

Indices Trading

There is a good selection of global indices for trading including FTSE, DOW, DAX, NASDAQ, SP500 and more.

24option Review: Indices Trading

24option Review: Trading Accounts & Fees

24option have a variety of flexible and versatile account types catering to the differing needs of each trader. Minimum deposits start from €250 and leverage varies from 1:30 to 1:400 depending on if you qualify as a retail or professional client. Demo accounts are available to test the different trading platforms and conditions before opening a real account.

24option Review: Account Types

Basic Account

This account requires a minimum deposit of €250 with spreads starting from 2.5 pips. 1 basic educational lesson is included as is 1 free withdrawal fee. Trading central and daily news is available to basic account holders but there are no webinars.

Gold Account

This account requires a minimum deposit of €5,000 with spreads starting from 2 pips. 2 basic educational lessons are included as is 1 month of free withdrawals. Trading central and daily news is available to gold account holders and 1 webinar per month.

Platinum Account

This account requires a minimum deposit of €10,000 with spreads starting from 1.6 pips. 3 advanced educational lessons are included as is 3 months of free withdrawals. Trading central and daily news is available to platinum account holders and 2 webinars per month.

VIP Account

This account requires a minimum deposit of €50,000 with spreads starting from 1.1 pips. 5 advanced educational lessons are included and there are no withdrawal fees. Trading central and daily news is available to VIP account holders and 5 webinars per month.

Professional Client

24option EU clients who qualify can apply for a professional account which can give increased leverage of up to 1:400. To qualify, you need to have met a certain amount of trading volume in the past year, have a substantial portfolio and at least 1 year’s experience in finance industry.

As broker fees can vary and change, there may be additional fees that are not listed in this 24option review. It is imperative to ensure that you check and understand all of the latest information before you open a 24option broker account for online trading.

24option Review: Customer Service

24option customer support is provided via online chat, telephone and email.

24option Review: Deposit & Withdrawal

24option have a variety of quick, easy and secure methods for funding and withdrawing from your trading account. This includes bank transfer, credit cards (Visa, MasterCard & Discover) and online payment processors such as Neteller and Skrill. Please note that some methods may only be available to specific countries.

There is a maximum deposit amount which varies depending on the deposit method used. Deposits made to 24option with a credit card or another form of electric payment can appear immediately whereas other methods such as wire transfer may take up to five business days to show in your account. Withdrawal charges vary according to the type of 24option account you have.

Accounts can be opened in EUR, GBP, JPY, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

24option protect your account information by securing all transmissions with a 128bit SSL encryption certificate provided by Thawte.

24option Review: Funding Methods

24option Review: Account Opening

To open an account with 24option you simply fill out a short online form and then confirm your email address. Following on from that you will need to upload proof of identification and address such as a passport or drivers license and utility bill. Once your documents have been verified you can fund your account, login to the trading platform of your choice and commence trading.

24option Review: Account Opening Form

24option Review: Conclusion

24option are a regulated broker with flexible trading platforms and accounts. They offer a range of trading instruments across multiple asset classes. Trading Central is provided for detailed market analysis although other trading tools are limited and there is only a small amount of educational material provided.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86.24% 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.

Min $10 Deposit

24option is a regulated online broker offering a variety of trading instruments across multiple asset classes with convenient trading platforms but limited in terms of trading tools & educational materials.

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