24option Review for 2020 ++ Broker Rating

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    Good Choice For Experienced Traders!

24option — Forex Broker Rating and Review 2020

https://www.24option.com/
Status
Regulation CySEC, FMA, AFM, HELLENIC, CNB, BDF, BAFIN, ATVP, CONSOB, CNMV, FCA, CRFIN
Trading software MT4, Scipio
Headquartered Kolonakiou 39 Agios Athanasios, 4103 Limassol, Cyprus

24option offers CFDs/FX trading to novice and seasoned traders alike. Established in 2020, 24option offers traders an extensive education center, 24-hour support, quick account verification and personal account managers. Regulated by CySEC and registered with numerous regulatory bodies in order to provide their clients with a transparent and unique trading experience.

24option offers over 100 underlying assets to trade CFDs on, including exotic currency pairs, major commodities, popular stocks, indices and cryptocurrencies. The website and customer support is multilingual and is available on a 24/7 basis, always ready to solve any trading issues. 24option gives you the opportunity to trade anywhere, anytime, via their innovative platform, scipio, or MT4 on either desktop or through the downloadable application and also offer traders a 24option app to ensure you are always connected. Once registering to the platform and completing a financial knowledge questionnaire, traders will gain access to a 10K funded demo account that demonstrates all features available on a live trading account. The minimum deposit is $250, they offer competitive spreads and have leverage options up to 400:1.

Any trader, whether they’re professional or a newbie in the financial markets, is capable of using 24option’s services to enhance their trading experience. 24option allows deposits in numerous currencies and methods such as, credit/debit cards, wire transfer, moneybookers, Neteller, Skrill and Webmoney and offers next business day withdrawals.

Forex/CFD trading involves substantial risk and may result in a loss greater than the invested capital.

24option trading information

WWW https://www.24option.com/
Address Kolonakiou 39 Agios Athanasios, 4103 Limassol, Cyprus
Headquarters Limassol
Free phone +357 25 262789
24 hour support
Partnership programs
Trust management
Expert advisors
Free education
Bonuses, Promotions
Forex contests, competitions
1st deposit bonus
Mobile trading
Demo account
24 hour trading
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type fixed
Pip spread on majors
Maximum Leverage 400
ECN, $
Standard account, $ 250
Micro account, $
Popular payment methods Perfect Money, Transfer, OKPAY, AstroPay, PaySafeCard, Yandex Money, QIWI, Money Bookers, Moneta, Unionpay, Credit Card, Debit Card, Neteller, Skrill, Webmoney, Wire Transfer, Teleingreso, Hal-Cash, iDEAL, Bitcoin
Account currencies USD, EUR, GBP, CHF, ZAR, RUB
Available assets Commodities, Stocks, Indices, Forex, Cryptocurrencies, Bitcoin
Languages English, Spanish, German, Italian, Russian, Dutch, Polish, Arabic
Platforms MT4, Scipio
Broker type
Regulation CySEC, FMA, AFM, HELLENIC, CNB, BDF, BAFIN, ATVP, CONSOB, CNMV, FCA, CRFIN
Foundation 2020

24option — Latest Reviews and Comments 2020

24option does not comply with any laws or solid regulators. They wave everywhere their license of Belize, and in fact this license and this regulator are nothing! My deposit was brazenly emptied, the quotes are not true, which means that my transactions were not really brought to the market. I have all the evidence of fraud. I am waiting for the company to respond to my claim and peacefully resolve my problem with them. Otherwise, I will apply for chargeback at least. Other actions will not be voiced. I hope that the problem will be resolved peacefully.

Tatiana 10 July, 2020 Reply

I’m glad I was able to recover my funds, I would have had to file for bankruptcy. I was able to get a hold of these scam brokers and take back my money. I would gladly refer anyone.

Ash Jo 23 October, 2020 Reply

I use 24option for only FX trading. 24option has the best customer service of any financial organization in Cyprus, which is the primary reason I use them for so much of my investments and is my primary online trading. I also have subscriptions set up for ongoing trading signals so these signals are automatically copied to my account, and includes additional benefits. I also like being able to make research at my convenience from my comfortable chair at home while learning recent market reviews and publications. I have also been a member of 24option forum for the past few years and enjoy all the benefits like free analytics, webinars, and eLearning courses. Overall, I think 24option is the best broker!

Baby Pips 13 January, 2020 Reply

disgusting experience with it, my brother fell heavily in debt cause of them. I’m trying to hire a lawyers now to help him, half a year as they still refuse to retrieve his money

Adrian 16 August, 2020

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Get FXCM New to Forex Trading Guide when you sign-up for a FREE $50k practice account. The guide will explain what the forex market is and why to trade it, as well as the numerous advantages it offers and how it differs from traditional markets. The guide will also help you learn the simple steps and skills you need to make your first trade and become a forex trader. Get started and sign up today!

It’s a bullshit. what you gonna do is to lose all your money here and never get them back. They promised to give me 50% bonuses on account if i deposit my first $2000 on account. I’ve tried to withdraw funds after that but they don’t give it to me. Moreover, I had phone calls from managers asking me to make additional deposits. They use aggressive marketing and force you to bring more money. More and more… It means they make money when you lose money. That’s what it is. I will make complaint against this company. They don’t deserve a dime.

freeandclose 1 July, 2020 Reply

Intuitively simple platform. Many assets in access for trading. No problem if you never traded binary options before. Just watch webinars and take courses on trading strategies, which gave me solid background. Not enough? They also give you trading signals for free! I saw some negative reviews on this broker but don’t trust them. You can trade binary options and everything you need is already on the platform, including five types of trading accounts.

Al972 15 June, 2020 Reply

My trading with the company turned out to be completely ruinous. Either I was not ready enough to trade binary options or the broker manipulated something but I have lost the depo in less than no time.

Chris 7 March, 2020 Reply

Spread widens frequently, Poor customer support, Wide spreads, Unstable platform. Everything is negative about this broker. I should have not deposited even a single cent here.

24option Broker Review

Min. Deposit GBP 100
Max. Leverage 500:1
Min. Spread 1.1 pips
Regulators CySEC,IFSC
Regulator Origin
Broker Type Market Maker

Most retail CFD accounts lose money. Your capital is at risk.

Summary

24Option started life as a binary options provider but now also offers CFDs for Forex, Commodities, Stock and Indices.

With a 50% bonus for new traders, an award-winning trading platform – alongside the industry-standard MT4 – and leverage of 1:500 on all accounts, beginners will find 24option an easy place to start trading.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Poor
Bonuses
Our Review Process

Trading Conditions

Minimum Deposit GBP 100
Base currencies EUR, ZAR, GBP, CHF, RUB
Number of FX Pairs 46
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD 1.1
GBP / USD 1.4
USD / JPY 1.4

Company Details

Company name Richfield Capital Limited
Founded 2020
Website Visit Website
Type Market Maker
Regulators CySEC,IFSC
Office locations Cyprus, Belize

Deposit & Withdrawal Methods

Supported Platforms for 24option

Min. Deposit Max. Leverage Min. Spread Commission
Basic USD 250 30:1 2.5 pips None Account Details
Gold USD 5000 30:1 2.0 pips None Account Details
Platinum USD 10000 30:1 1.4 pips None Account Details
VIP USD 50000 30:1 1.1 pips None Account Details

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

24option

Plus500

IQ Option

3.18 / 5

3.73 / 5

3.23 / 5

3.5 / 5

5 / 5

3.5 / 5

2 / 5

3 / 5

3 / 5

4 / 5

4 / 5

4 / 5

3 / 5

3 / 5

1 / 5

2 / 5

2 / 5

2 / 5

4 / 5

4 / 5

4 / 5

4 / 5

4.5 / 5

4.5 / 5

Overall Rating
Minimum Deposit GBP 100 GBP 100 GBP 10
Regulation
Broker Type Market Maker Market Maker Market Maker
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs 46 70+ 57
Crypto Pairs 5 9 12
Read Full Review Read Full Review
Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker 83.29% of retail investor accounts lose money when trading CFDs with this provider 76.4% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider
Leverage 500:1 300:1 30:1
Spread 1.1 pips 0.7 pips 1.1 pips
Hedging Yes No No
Scalping Yes No No
Account Types
  • Basic (Standard)
  • Gold (Vip)
  • Platinum (Vip)
  • VIP (Vip)
  • Standard (Standard)
  • Live Account (Mini)
Swap-Free Accounts Yes Yes
Trading Platforms MT4 Plus500 IQ option
Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

24option

Plus500

IQ Option

Visit Website Overall Rating

3.18 / 5

3.73 / 5

3.23 / 5 Minimum Deposit GBP 100 GBP 100 GBP 10 Regulation Broker Type Market Maker Market Maker Market Maker Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Forex Pairs 46 70+ 57 Crypto Pairs 5 9 12 Read Full Review Read Full Review Trust Rating

3.5 / 5

5 / 5

3.5 / 5 Trading Conditions

2 / 5

3 / 5

3 / 5 Trading Platforms

4 / 5

4 / 5

4 / 5 Deposit & Withdrawal

3 / 5

3 / 5

1 / 5 Education & Research

2 / 5

2 / 5

2 / 5 Assets Available

4 / 5

4 / 5

4 / 5 Customer Service

4 / 5

4.5 / 5

4.5 / 5 % Lose with this broker 83.29% of retail investor accounts lose money when trading CFDs with this provider 76.4% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider Leverage 500:1 300:1 30:1 Spread 1.1 pips 0.7 pips 1.1 pips Hedging Yes No No Scalping Yes No No Account Types

  • Basic (Standard)
  • Gold (Vip)
  • Platinum (Vip)
  • VIP (Vip)
  • Standard (Standard)
  • Live Account (Mini)
Swap-Free Accounts Yes Yes Trading Platforms MT4 Plus500 IQ option Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

Share your knowledge

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Financial Memberships

Forex Malaysia, as part of our parent company Schlossbrink AB, is a full member of :

Global Legal Entity Identifier Foundation (GLEIF)

Membership #: 254900LUG07G07A31U72 – as we have shared values of efficiency, transparency, and trust associated with legal entity identification (LEI) in the handling of investments. As Finance Professionals, the LEI is the highest standard

Risk Warning

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose.

© COPYRIGHT FOREX MALAYSIA LEADING FOREX BROKER COMPARISON SITE.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

24option Broker Review

Min. Deposit USD 100
Max. Leverage 500:1
Min. Spread 1.1 pips
Regulators CySEC,IFSC
Regulator Origin
Broker Type Market Maker

Most retail CFD accounts lose money. Your capital is at risk.

Summary

24Option started life as a binary options provider but now also offers CFDs for Forex, Commodities, Stock and Indices.

The minimum deposit at 24Option is 250 USD, and support is provided for its award-winning web-based trading platform as well as MT4.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Poor
Bonuses
Our Review Process

Trading Conditions

Minimum Deposit USD 100
Base currencies EUR, ZAR, GBP, CHF, RUB
Number of FX Pairs 46
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD 1.1
GBP / USD 1.4
USD / JPY 1.4

Company Details

Company name Richfield Capital Limited
Founded 2020
Website Visit Website
Type Market Maker
Regulators CySEC,IFSC
Office locations Cyprus, Belize

Deposit & Withdrawal Methods

Supported Platforms for 24option

Min. Deposit Max. Leverage Min. Spread Commission
Basic USD 250 500:1 2.5 pips None Account Details
Gold USD 5000 500:1 2.0 pips None Account Details
Platinum USD 10000 500:1 1.4 pips None Account Details
VIP USD 50000 500:1 1.1 pips None Account Details

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

24option

Capital Index

Pepperstone

3.18 / 5

3.88 / 5

4.55 / 5

3.5 / 5

4 / 5

5 / 5

2 / 5

4.5 / 5

4.5 / 5

4 / 5

4 / 5

5 / 5

3 / 5

4.5 / 5

4 / 5

2 / 5

2 / 5

4.5 / 5

4 / 5

4 / 5

4 / 5

4 / 5

3.5 / 5

4.5 / 5

Overall Rating
Minimum Deposit USD 100 GBP 100 AUD 100
Regulation
Broker Type Market Maker ECN/DMA ECN/DMA
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs 46 68 80+
Crypto Pairs 5 5
Read Full Review Read Full Review
Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker 83.29% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 76.5% of retail investor accounts lose money when trading CFDs with this provider
Leverage 500:1 30:1 500:1
Spread 1.1 pips 0.0 pips 0.0 pips
Hedging Yes Yes Yes
Scalping Yes No Yes
Account Types
  • Basic (Standard)
  • Gold (Vip)
  • Platinum (Vip)
  • VIP (Vip)
  • Advanced Account (Standard)
  • Copy Trading (Professional)
  • Pro Account (Vip)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
Swap-Free Accounts Yes No Yes
Trading Platforms MT4 MT4 MT4, MT5, cTrader
Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay
Trading Commission Fees Included in Spread 1 USD / lot – Black Account From 7 USD / lot – Razor Account

24option

Capital Index

Pepperstone

Visit Website Overall Rating

3.18 / 5

3.88 / 5

4.55 / 5 Minimum Deposit USD 100 GBP 100 AUD 100 Regulation Broker Type Market Maker ECN/DMA ECN/DMA Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Energies Forex Pairs 46 68 80+ Crypto Pairs 5 5 Read Full Review Read Full Review Trust Rating

3.5 / 5

4 / 5

5 / 5 Trading Conditions

2 / 5

4.5 / 5

4.5 / 5 Trading Platforms

4 / 5

4 / 5

5 / 5 Deposit & Withdrawal

3 / 5

4.5 / 5

4 / 5 Education & Research

2 / 5

2 / 5

4.5 / 5 Assets Available

4 / 5

4 / 5

4 / 5 Customer Service

4 / 5

3.5 / 5

4.5 / 5 % Lose with this broker 83.29% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 76.5% of retail investor accounts lose money when trading CFDs with this provider Leverage 500:1 30:1 500:1 Spread 1.1 pips 0.0 pips 0.0 pips Hedging Yes Yes Yes Scalping Yes No Yes Account Types

  • Basic (Standard)
  • Gold (Vip)
  • Platinum (Vip)
  • VIP (Vip)
  • Advanced Account (Standard)
  • Copy Trading (Professional)
  • Pro Account (Vip)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
Swap-Free Accounts Yes No Yes Trading Platforms MT4 MT4 MT4, MT5, cTrader Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay Trading Commission Fees Included in Spread 1 USD / lot – Black Account From 7 USD / lot – Razor Account

Share your knowledge

Stay updated

Almost finished. We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Financial Memberships

FX Australia, as part of our parent company Schlossbrink AB, is a full member of :

Global Legal Entity Identifier Foundation (GLEIF)

Membership #: 254900LUG07G07A31U72 – as we have shared values of efficiency, transparency, and trust associated with legal entity identification (LEI) in the handling of investments. As Finance Professionals, the LEI is the highest standard

Risk Warning

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose.

© COPYRIGHT FX AUSTRALIA LEADING FOREX BROKER COMPARISON SITE.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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