24Option CFD

24Option CFD Review

24Option is one of the biggest Brokers on the market. Established in 2009 and have built a reputation as a reliable and transparent broker from that day forward.

It’s their reputation and know-how that they bring to the dynamic world of online trading. Being one of the most advanced companies in the industry, 24option provides its clients with a platform that is reliable and convenient for trading financial markets.

Regulation

Rodeler Ltd, a Cyprus Investment Firm (CIF), owns the 24option brand. Rodeler Ltd is based in Limassol, Cyprus and is under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC). It is licensed and authorized under the CIF license number 207/13.

Also, the 24option brand is registered with EU member states, under the European Union (EU) “Passporting” rule. It is authorized by the relevant regulation in their jurisdiction.

Their non-EU based clients are serviced by a subsidiary company called Richfield Capital Ltd, which is a Belize-based company that is regulated by the Belize International Financial Services Commission (IFSC) under the license number IFSC/60/440/TS/15-16.

Tradeable Assets

One of 24option’s newest and most exciting developments in their evolution and expansionmin into the Forex/CFD trading industry. Now, 24option provides traders with access to a whole range of securities for trading on their web-based FX platform.  The 24option platform opens the gateway for trading by investors of currency majors & minors, stocks, indices, and commodities. Investors can apply orders to their trades placed online, like stop loss and take profit. Traders can view the charts in a variety of different time frames with the addition of various chart types and indicators that may be implemented. The technology features the latest trades and closed positions together with the list of assets. The 24option platform provides an excellent user experience thanks to its clear layout. With 24option, online trading is simple, even for traders who may have never traded before.

Since it’s one of the most established and well-known brokers, 24option is a simple choice for traders who need a company that is reliable.

Account Types

24option CFD provides five different types of trading accounts for their traders to choose from to cater for their range of financial instruments and clientele base. The account types include the following:

Basic Account

• Leverage 1:200
• One Click Trading
• Mobile Trading Supported
• 24/7 Customer Support
• MT4 Available
• One Free Withdrawal per month
• Professional Charts
• Basic Trading Education

Silver Account

• Leverage 1:200
• One Click Trading
• Mobile Trading Supported
• 24/7 Customer Support
• MT4 Available
• One Free Withdrawal per month
• Professional Charts
• Basic Trading Education
• Trading Alerts
• Personal Trading Coach

Gold Account

• Leverage 1:200
• One Click Trading
• Mobile Trading Supported
• 24/7 Customer Support
• MT4 Available
• One Free Withdrawal per month
• Professional Charts
• Basic Trading Education
• Trading Alerts
• Personal Trading Coach
• SMS Alerts

Platinum Account

• Leverage 1:200
• One Click Trading
• Mobile Trading Supported
• 24/7 Customer Support
• MT4 Available
• One Free Withdrawal per month
• Professional Charts
• Basic Trading Education
• Trading Alerts
• Personal Trading Coach
• SMS Alerts
• Live Trading Session
• No Withdrawal Fee
• Research Website

Diamond (VIP) Account 

With the Diamond account you will get all the benefits of the Platinum account plus:

• Juventus Tickets
• Customize Trading Platform

* The required minimum deposit for opening a trading account at 24option is $100/£100/€100/¥10,000/ RUB 4,000.

Islamic Type Accounts

Islamic accounts are also available upon request for traders wanting to trade the markets according to the Islamic Sharia principle of “No Riba”.

Platforms

Since 24option uses its own proprietary trading platform – Scipio – to be able to provide more product offerings. Now thanks to the in-house management of the trading platform, they’ll be able to put out updates, add new features quicker and more efficiently, which ultimately benefits their traders.

With 24option’s trading platform a trader can switch between a line chart and a candlesticks chart, all depending on what are their preferences. Since it introduced Scipio, it has consistently been improved to provide traders with all the trading tools that are required. The easy to use and straightforward interface and charts allow 24option’s traders to examine any of the assets in more detail.

As was mentioned above, 24option is one of a number of brokers that have incorporated spot trading into their product offering. 24option’s additional product offerings are all available for trading with their MetaTrader 4 (MT4) trading platform that is downloadable to computers.

Traders who use 24option with the industry proven MT4 trading platform now have access to dozens of technical indicators, as well as a complete charting package that enhances their trading abilities even more.

Bonus

With 24option CFD, opening an account is both fast and easy as well as more worthwhile than ever with their opening promotion and rewards.

Deposit Bonus

24option CFD provides a generous offer of 100% bonus to help maximise your trades.
T&C apply. There is the chance that investors can lose all their capital.

Freebies

With 24option’s opening promotion, traders can enjoy great rewards and bonuses.
T&C apply.

Deposit Options

To fund trading accounts at 24option CFD is simple and hassle-free. 24option has provided several methods that traders can use to fund his trading account, to accommodate the various requirements of trading from different countries. The following methods can be used for depositing funds:

• Credit/Debit Cards
• Wire Transfer
• MoneyBookers
• CashU
• Skrill

Minimum deposit requirement will vary depending on the type of deposit methods used:

• Credit Card:- $100/£100/€100/RUB 4,000/¥20,000
• Wire Transfer:- $1,000/£1,000/€1,000/¥100,000
• Electronic Payment:- $100/£100/€100/¥20,000/ RUB 4,000

24option does not charge any fees or commissions from investors when they make their initial deposit or purchase options. Also, the first withdrawal is free. Withdrawals that are done via Wire transfer are charged with a fee of $30. The Basic, Silver and Gold account holders are allowed one free withdrawal per calendar month. For Platinum account holders all the withdrawals are free. Besides for the minimum deposit requirement, there’s also a maximum daily amount which a trader is allowed deposit.

For deposits via credit cards, the daily maximum and monthly limits are:

• Daily Limit: $/€/£ 10,000/¥100,000
• Monthly Limit:$/€/£40,000/ ¥4,000,000

Withdrawal Methods

With 24option CFD, withdrawals are easy with minimal hassle. First, the traders are required to verify their account. Included in the verification process is submitting necessary basic documentation.

With regards to withdrawal methods, it’s usually done in the same way as how the deposit was originally made. For example, if a trader initially used his credit card to fund his trading account, then his withdrawal will also be done through his credit card, up to the deposited amount. Then, the excess balance of the withdrawn amount will be transferred to the trader’s bank account via a bank wire transfer. The timeframe for the whole withdrawal process to be completed usually takes between 3 to 7 business days.

Withdrawal Fees

There is no withdrawal fee applicable for the Platinum and the Diamond accounts. For other accounts, the account holders are allowed one free withdrawal per month. For any additional withdrawals within the same calendar month, they’ll be subjected to a variable fee.

Customer Support

24option CFD aims to support an international clientele base. Their website completely supports various languages such as German, Arabic, Polish, Russian, French, Italian, Spanish and Portuguese. The support services are available 24/7. There are four methods that traders can use to contact the support team if they need any assistance. The methods communication with the support team include:

• Email
• Telephone
• Web Contact Form
• Live Chat

Languages

Customer Support Languages include: French, Italian, German, Arabic, Dutch, English, Portuguese, Russian, Spanish, Swedish, Polish

Ease of Use

24option has established a track record for its reliability. It holds several regulation licenses in various parts of the world. Also, they have won several international awards in recognition of its achievements.

Why Trade at 24Option CFD

24option, thanks to the recent addition of products and services, has shown that they are a proactive broker. Because they’ve been around since 2009, this fact also demonstrates that they’ve earned the trust of the online community. 24option can meet all your trading needs, whether you are looking to trade CFDs or Forex.

To see how 24option CFD ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.