Top Options
90%/ 100
Type of Broker: CFD, Binary Options, Forex
Payout: 85%
Min Deposit: $250
Min Trade Amount: $25
US Clients:
Free Demo Account:
Max Trade Amount: Unlimited
Leverage: N/A
Fees:
Fees: N/A
Number of Assets: >100
Types of assets: Commodities, Currencies, Stocks, Indices
Option Types: High/Low|Buy/Sell
Expiry Times: 15 minutes
Charting Package:
Trading Signals:
Market Analysis:
Education: Yes

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Full Review

This comprehensive 24Option review takes you through everything you need to know about this CFD and binary options broker.

Introduction

24Option was founded in 2009 and is currently owned and operated by Rodeler Ltd and Richfield capital. The company is the chief provider of forex trading services everywhere in Europe, except France and Belgium. Elsewhere, the broker does not offer services in countries like Australia, the US, and British Columbia Canada. 24Option provides the latest and most advanced trading tools with numerous educational resources like daily analysis, video-on-demand seminars, economic indicators, webinars, and much more. The online forex brokerage places emphasis on creating a friendly environment for traders to execute trades and build relations with others across all experience levels.

24Option started off as a core binary options broker, but recently terminated its partnership with Tech Financials Ltd, opening the door to becoming a forex/CFD broker. 24Option  now operates its binary options brand with its own proprietary platform.

Regulation

24Option is regulated in several jurisdictions. Here are some of the things you need to know about the premier broker’s regulations:

  • As mentioned earlier, 24Option is owned and operated by Rodeler Ltd, a Cyprus Investment Firm (CIF), which is itself under the control of the Cyprus Securities Exchange Commission (CySEC). As such, 24Option is licensed and approved under the supervision of CIF under license number 207/13.
  • 24Option is registered in Eurozone states under the EU passport rule. The appropriate regulatory agencies ratify the registration in their various jurisdictions.
  • Richfield Capital Ltd caters to Non EU-based clients. And as Richfield Capital Ltd is based in Belize, the Belize International Financial Services Commission (IFSC) regulates it. The company is registered and authorized under license no. IFSC/60/440/TS/15-16.

Is 24Option Scam or Legit?

A lot of people have questioned the reliability of 24Option in times past. And while we understand their concerns, we wish to state that 24Option is legitimate. This is due to the following reasons:

  • 24Option has a strong subscriber base and continues to outlast other competitors who find it difficult to maintain a loyal user base due to trade irregularities and malpractices. Its high customer base is a testament to its legitimacy as a trading solution.
  • The regulatory functions performed by the CySEC and IFSC, help to ensure that traders’ funds are safe and accessible at all times.
  • 24Option has won several awards due to its outstanding services in the industry. Such awards have been handed by popular finance portals such as FXEmpire, Forex Magnates, Investing.com, and much more. These serve as an approval of 24Option’s excellent performances over the years.

24Option Legit Trading Software

Below are the platforms for forex/CFD trading on the 24Option network:

  • Scipio is the standard 24Option proprietary trading platform. The system caters to multiple product offerings and brings with it features that help elevates a user’s trading experience by placing all the required trading tools at a trader’s fingertip. Traders can execute trades using the Sell and Buy buttons, switch between a candlestick chart and line chart, etc.
  • 24Option supports the proven MT4 platform to enable traders get access to several exciting offerings like a complete charting package and multiple technical indicators.
  • Mobile Trading. This platform is designed for traders who wish to execute deals on the go using their mobile devices. The platform is available for both Android and iOS devices and can be downloaded from the relevant marketplaces.

24Option App’s Special Trading Tools

24Option offers users the following trading tools:

  • Trading Alerts. This tool gives traders insights into happenings in the market to enable them to assess their trading options. Using it, traders will be able to get the direction of trade, whether call or put. Also, the tool provides information on the asset to trade, as well as the regularized expiry rate.
  • 24Option provide many educational tools and resources that guarantees traders’ growth in forex/CFD knowledge. These educational tools consist of video on demand, webinar, economic indicators and lots more.

Asset List

24Option offers a broad range of financial assets that traders can trade. They include:

  • Currency pairs. Traders can buy and sell currency pairs such as EUR/USD, GBP/USD, GBP/JPY, GBP/EUR, EUR/GBP, AUD/USD, USD/CAD, CHF/USD, etc.
  • 24Option offers trading opportunities in oil, gold, silver, soybean, coffee, sugar, cotton, wheat, among others.
  • These consist of DAX-30, NASDAQ Composite, FTSE-100, Dow Jones, ASX 200 Future, Nikkei 225, IBEX-30, MIB-30 Future, and CAC 40 Future. Others include Nifty future, Hang Seng Future, SMI Future, and S&P 500.
  • 24Option offers shares of some of the biggest corporations in the world. They include Barclays PLC, Vodafone, Lloyds British Petroleum (BP), Google Inc., Telefonica SA, Apple Inc., as well as France – Telecom.

Transaction Methods

24Option tries to accommodate several methods of deposit and withdrawals. The platform supports the following methods:

  • Credit/Debit Cards. You can conduct transactions on the 24Option platform using card options like VISA and MasterCard.
  • Wire Transfer. 24Option enables traders to move funds quickly and securely to domiciliary accounts.
  • Digital Wallets. 24Option allows users to conduct a transaction using e-wallets like Skrill and PayPal.

Customer Support

24Option customer support personnel are highly responsive and well-versed. They help to resolve issues instantly and are available round the clock. 24Option’s support is offered by email, telephone, and live chat. Traders who want to fix any problem can contact them by phone on +357 25 262789.

Conclusion: 24Option is Legit

24Option has shown beyond doubts that it is a legitimate software solution which traders can rely upon for trade. It is undeniably one of the best Forex/CFD brokers out there today due to its efficient service delivery, reliability, and excellent customer support services. We encourage anyone who wishes to register with the platform to do so without hesitation, as the company is worth depending on.

The system provides a demo trading account which enables traders to trade the markets with virtual funds. This way, they get to become familiar with the risks involved in the trading process as well as assess their ability to rise above them. 24Option provides a suite of educational tools that lets traders learn and improve their skills, strategies, and how to keep their emotions in check. There are not many forex/CFD/binary options brokers that will help a trader as much as 24Option does.