24Option Review 2018

24option is a FOREX/CFD broker which lets users make FOREX and CFD trades online at 24option.com. The site lists hundreds of trade-able assets including currencies, stocks, commodities and indices. Android and iOS apps are also available which allow users to check account balances and make trades from their mobile phone.

Overall Rating

Based on 5 Reviews
www.24option.com



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About 24Option

As one would expect from an international broker, the website and apps are available in a number of languages including English, French, Spanish, Russian and Arabic. The website is clear and well presented and includes a selection of training materials for investors. 24option accepts a variety of fund transfer methods and are fully regulated. Customer support is available by email, phone or live chat.

Trading with 24option
Transactions are made via the bespoke MT4 trading platform, which can be used online or downloaded. Users must register to use the platform, but accounts can be need not be funded. All accounts have no maintenance fees and offer access to educational webinars and a demo account for users to experiment and develop trading strategies risk-free. Funded accounts also have access to telephone support and one-one one training sessions. Funded accounts must be verified with ID and banking information, in compliance with regulations.

Deposits and withdrawals
Funds can be added and withdrawn via wire transfer or debit/credit card, and a range of online payment systems including Skrill and Neteller are also accepted. The minimum deposit amount is 100 EUR, and there is no minimum withdrawal amount to a debit or credit card, or a Skrill or Neteller account. Deposits and withdrawal requests can be made at any time, but withdrawals are only processed during business hours and will not occur until the required documentation has been completed by 24option and the receiving bank. Withdrawal fees apply, and vary by the chosen payment method.

Regulation and protection
24option is fully licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is also registered with the national regulatory bodies of many EU countries. The company is a member of the Investor Compensation Fund for the clients of Cyprus investment firms, which protects the accounts of individual investors (to a maximum of 20,000 EUR) should the firm fail to fulfil its duties.

Resources
The website has a wide selection of resources and education materials, from introductory guides for beginner investors to advanced trading strategy for experienced traders. Materials include video webinars and eBooks, and each account has a 10,000 EUR demo account to put lessons into practice.

Disclaimer

 


All trading involves risk. Only risk capital you're prepared to lose. Past performance is not an indication of future results. This content is for educational purposes only and is not investment advice.

Mylo A., Reviewed July 2, 2018

A huge plus with 24Option I think is that it's a regulated broker. If you're unhappy with the service it's possible to submit a complaint. A lot of brokers don't have a license so there's nothing you can do if you have a complaint.

Riff D., Reviewed May 28, 2018

Today I received my first payment of 11,000 euros from 24Option. I requested this payment about 3 weeks ago. Initially I had to send all sorts of documents including a copy of my driver's license and a proof of residence at the address I'd provided. It's really good that I've received my money now but if I was 24Option I'd try to speed up this process. I've deposited on my account again to continue trading because I've already made back my original investment. Everything I earn now is pure profit. All of my profits came from CFDs bitcoin, the price has been going up for months, it's actually really easy to make money through 24Option.

Jayvana W., Reviewed April 12, 2018

I lost 150 euros on 24Option because I pressed the wrong buttons. I sent a long email to explain the story but they don't want to refund me my money. Because I pressed a wrong button now I've lost 150 euros.

Charlie T., Reviewed January 2, 2018

This morning I deposited 100 euros and I just got a call from customer service asking me if everything was clear. They gave a few very useful tips and I have my first trades under my belt. I received a direct number from one of the employees there who can I always contact for questions. So until now I am more than happy with 24option.

Jill S., Reviewed November 16, 2017

My favourite broker when it comes to CFD. Huge selection and low transaction fees are the most important aspects for me. The 24option interface works well. I'm often sat at the computer for some hours and with other broker platforms I often need to rest my eyes after a while. Sometimes the cryptocurrency CFDs are not available, I'm not sure why. If they could explain this better on the website that would be nice.

Disclaimer

 


All trading involves risk. Only risk capital you're prepared to lose. Past performance is not an indication of future results. This content is for educational purposes only and is not investment advice.

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