24Option Review – Is it good or bad

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24Option Review 2020 – Is 24Option.com Scam or Legit?

Name 24Option Review 2020 – Is 24Option.com Scam or Legit?
Founded 2009
Legal Entity Rodeller Ltd
Turnover 85%
Minimum deposit $200
Bonus 100%
Full Address Great Britain, London, 15th Floor 99 Bishopsgate
Phone +357 25 030600
Regulation CySEC, FCA
Site visit site
E-mail [email protected]
Visit Broker

24option , founded in 2009, provides excellent and reputable conditions for binary options trading. In our 24option review, we discovered that it offers state-of-the-art and sophisticated technology, along with a wide range of trading instruments, to assist traders have a fulfilling and enjoyable experience trading binary options.

24option has gained tremendous popularity over the last years by virtue of having an exuberant payout ratio that has been between 70% to 89% margin for money options. This ratio is much higher than most of the competitors. Notably, the returns on 60 second options have been around 70% for most clients. This gives 24Option a unique and a distinctive position amongst the fin tech brokers.

Trading Platform

24Option provides an extensive range of assets to provide traders with an opportunity of trading based on their preferences and experiences. The web-based and easy to use Tech Financials platform has over 100 trading instruments, comprising of 30 currencies (forex), 11 commodities, 43 stocks, and 19 indices.

Traders can choose to trade short term options, high/low options, one touch options, or boundary options. What’s more, the expiry times of the assets are also excellent; allowing traders to select anywhere from 30 seconds, 60 seconds, 2 minutes, 5 minutes, thereafter every 5 minutes for the period they want. Traders can also use robots for trading the various assets on the platform.

Regulation

A company called Rodeler Ltd is located in Limassol, Cyprus, owns 24Option, is registered with the Cyprus Securities Exchange Commission (CySEC) under license number 207/13. Besides, 24Option (Rodeler Ltd) is also certified by the British Financial Conduct Authority and Rodeler BaFin in Germany.

Because the broker is constantly under the watchful eye of the regulators, it is highly credible and operates in accordance with international law. Therefore, 24Option is not a scam and you are sure of the safety of your funds and quality service delivery.

We are pleased with 24Option’s hefty percentage payouts, convenient withdrawal and deposit methods as well as other exciting trading conditions. The existence of a strong regulatory framework also provides sufficient assurance that 24Option is not a scam broker.

Account opening

A very significant highlight of this 24Option review is the different type of accounts that can be opened with the broker. The main type of accounts are Basic, Silver, Gold, Platinum, and Diamond. The key aim of providing different accounts is to ensure that every trader has suitable services that resonate well with his or her trading style.

For instance, if you register for a Platinum or a Diamond account, you will receive SMS or e-mail alerts of potential trading opportunities. Thus, whether you are a basic user or you need advanced level of tools at your disposal, there is an account type to match your specific requirements.

Furthermore, 24Option offers a free demo account to assist new traders familiarize themselves with the ins and outs of trading binary options without any risk of losing real money.

Withdrawals

For any binary options broker, the simplistic nature of deposits and withdrawals is pivotal to its popularity. 24Option provides a very convenient, easy and fast way to deposit or withdraw funds through various payment methods, including debit and credit cards, Skrill (Moneybookers), bank transfer, Web money, and Neteller.

The broker allows a minimum deposit of $250. And, the minimum trade amount is $24 while the maximum trade size is $100,000 for each trade!

Bonuses

24Option normally offers a bonus of up to 100% to assist traders navigate the markets using a much larger capital outlay. More so, the broker usually announces other great promotions for both new and existing customers.

Customer Service

Another extremely important feature that our review team noticed that makes broker stand out is its customer-focused service. The broker boasts of experienced multi-lingual customer support staff that is always striving to ensure clients get the best possible conditions for trading.

The broker’s support department can be reached 24/7 through email, phone, or online chat.

Broker also provides an extensive range of educational resources and tools to enable traders carve out a successful binary options trading career. In addition, the broker assigns traders dedicated account managers to assist them sharpen their trading skills and make better trade decisions.

Conclusion

However, one major drawback we realized from our 24Option review is that the broker does not allow U.S. traders to use its platform. Nonetheless, the broker still ticks in the other areas.

If you are looking for a binary options broker that places the needs of its clients first and does not disappoint in offering quality services, then we would definitely recommend that you try out the broker.

Range of Services

Your Rating

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Started trading with them in April 2020 and invested to date $864,000.00, My current balance is less than $4,000, So you can guess my experience to date has not been good, WHY You’re contacted by an advisor who advises you to open trading positions (buy or sell), I have encountered 3 different advisors over the last 7 months and all 3 operate differently and have different interpretations of the company’s operations/polices. When you open a trading position there are a choice of inputs you can make, (for your information they take 15% commission so you do not go into profit until this has been covered. 1) Buy or sell 2) The volume (this is for small investors either a volume of 1 or 2 Note: this is the basic input and all you have to do, 3) But you can make 2 further inputs and they are setting the “take profit” level and “stop losses” level, so for example you can open a position where the current level is 10. Then set the “take profit at 11 and “stop losses at 9, this then affords you some protection, 4) The software screen is well laid out and easy to follow and you can see how you are performing 24/7 So now to my issues with the staff and software, they simply have no common curtsey or customer support and certainly no accountability for there software and staff failures. The have to date not come back to me after on any one of the issues the promised that they will investigate, the issues I have incurred are the following. A) With an advisors (who was sharing my screen) we opened a position and set the take profit and stop losses on the position, The buy position exceeded the set take profit level but did not close, The market then fell, but the time I logged on to check how it was performing it had fell off, I quickly closed it while there was some profit left. I asked why this did not close and still waiting for an answer. B) Once again working with an advisor we opened a buy position, he advised the take profit level and stop loss level (after changing the values a few times as he was doing a calculation) When I went in the next day to see how it had performed I found that the position had closed at a loss of $6,300.00 . I asked what had happened and got no response, 17 days later the advisors manager contacted me and said to my astonishment if it was losing money why did I close it as I should of waited for it to turn and either go into profit or reduce the losses. I informed him I did not close it!! Their software or their advisor closed it and if it did close on “stop losses” then I should have never been exposed to such losses in the first place. C) I had opened some buy positions and decided to close them while in profit on my Iphone. Please note: this was set up on my phone with the assistance from there advisor, After many attempts to close these, it took me 6 hours to close them and by then the market had crashed and I lost over $850,000. When I asked why this had happened and what was going to do about it, I was contacted and told that it might be because I am not a priority customer maybe I was at the “back of the que” and therefore I could not close my open positions, WHAT? I stated that one informed me of the possibility of not being able to close positions when I need to, he said this might be the reason but he will investigate, yes you have guessed it still waiting for an answer. D) Due to all these issues my balance is less than $4k. I was then contacted to open 2 buy positions as the market is believed to be going up, so I did, then within 24 hours were making a loss huge they recovered over a period of something like 17 days but when closed I found that my losses were even greater as now they are not only charging me £16,000 commission and $47,000 SWAP charges. This continued until i realised that i was being scammed. I now filed complaint with [email protected] HORIZON- SECURITY. ORG and started getting everything back.

24Option Review

Review

24option is a market-making spot Forex and CFD broker located in Limassol, Cyprus and regulated by CySec. 24option opened its doors to traders in 2020 and for several years was in the forefront of binary options trading. They decided in 2020 to expand by moving away from binary options, and now offer trading in spot Forex and CFDs only. The CFDs on offer cover a wide range, from popular individual international stocks to commodities such as metals, energies and softs, as well as equity indices. They also offer a good, wide selection of Forex currency pairs.

Accounts

There are five different account types to choose from at 24option: Basic, Silver, Gold, Platinum, and Diamond. The Basic account requires a minimum deposit of $100 and allows trading with floating spreads from 3 pips on EUR/USD. Other account types require increasingly higher minimum deposits, as you move up the ladder of the better terms which are offered. The Standard account is the same deal as the Basic Account, but also offers trading alerts and a personal coach. The Gold account is the same deal as the Silver account, except spreads are offered from 2 pips on EUR/USD. The Platinum account has several edges over the Gold account: lower spreads (as low as 1.5 pips on the EUR/USD currency pair), no withdrawal fees, access to the research website, and a live training session. Finally, the deluxe Diamond account, in addition to the full offering of the Gold account, offers clients free tickets to a top European football team and a customized trading platform.

The different accounts are easy to understand and are transparent. The major differentials between accounts are varying average spreads.

A demo account is available, as is typical with nearly all spot Forex and CFD brokers.

A wide range of over 50 Forex currency pairs, 89 individual leading global shares from American and European stock markets, over 11 leading equity market indices, spot metals (gold and silver) plus several other commodities such as crude oil and a few softs such as coffee and sugar, and one of the widest range of cryptocurrencies that we have seen, are offered for trading by 24option.

Features

A wide choice of tradeable instruments is offered, as well as a choice of two trading platforms: the perennially popular MetaTrader 4 or the broker’s proprietary web-based platform.

Education

24option provide a range of educational material. They host live trading webinars, offer free “learn how to trade” eBooks, as well as a free detailed daily market report. There are a range of recorded webinars designed specifically to help trading beginners, which can be viewed at leisure. There are additional levels of webinars aimed at providing detailed trading strategies and ideas suitable for intermediate and advanced level traders.

Bonuses and Promotions

Although the offering of bonuses and promotions has been restricted for brokers based in Cyprus by CySec regulation, there are currently two legacy promotions which are offered by 24option. Anyone signing up as a new client and downloading the mobile app received a one-off tradeable bonus of $24. Additionally, discretionary cash bonuses may be paid from time to time to particularly active or otherwise valuable clients.

Deposits/Withdrawals

Depositing funds into a 24option account is an easy and secure process. Deposits may be made using a range of methods, including credit cards, bank wire transfer, and Skrill. Withdrawals can be made to credit cards, or by wire transfer.

Customer Support

Customer support is based in Cyprus. Clients can contact a 24option representative by telephone during business hours, and can use email anytime of the day. There is also a direct chat service available through their website.

Conclusion

24option have transitioned away from binary options into an offering for traders looking for the ability to trade a very wide selection of assets, including stocks, cryptocurrencies, metals, stock indices, and commodities.

Features

In terms of features, the stand-out strengths of this broker’s offerings are:

  • A wide range of instruments available for trading: all the major and minor Forex currency pairs, as well as several exotics; also, a good range of global equity indices, plus several commodities, and an extremely wide selection of stocks and shares offered on leading global equity markets. There is also an especially wide selection of cryptocurrencies offered.
  • An option to trade with the most popular trading platform in the industry, MetaTrader 4
  • Regulated by a major industry center (Cyprus).
  • An extensive provision of free educational materials and daily market analysis and commentary across all markets.

Company Information

  • Broker’s Name : 24Option
  • Headquarter : Cyprus
  • Regulation : CySEC

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Gain : 89%
  • Minimum Position : $24
  • Account 1 : Basic
  • Account 2 : Silver
  • Account 3 : Gold
  • Account 4 : Platinum
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Mac
  • Windows
  • Linux
  • Mobile
  • Web
  • iPhone
  • iPad
  • Trading Signals :
  • Charting Package :
  • Automated Trading :
  • Market Analysis :
  • Chart Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
    • Spanish
    • Arabic
    • Russian
  • Support Hours : 9/5
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Platforms

    MetaTrader4

    The MetaTrader 4 is an independent trading platform, developed for trading FX, commodities and other products and is one of the most advanced and easy platforms to use. It remains the gold standard of trading platforms.

    In addition to the wide range of markets available to trade, the MT4 platform provides traders with a multilingual interface, instant execution, built in help guides for MT4 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and time periods and more.

    Automated trading is also offered through the MetaTrader 4 platform where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester and Compiler tools within the MT4 platform.

    With this automated trading system clients may create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.

    MetaTrader Mobile

    The MetaTrader 4 and platform apps can be used on iPhones, iPads, Multi-Terminal, and all Android devices.

    Web Client Platform

    24option offer as an alternative to MetaTrader 4 their own proprietary web client platform. It is entirely web based. Although such platforms can be prone to glitches and freezing, we find it seems to work very smoothly. It is intuitive and easy to use, yet there is no doubt it has less features than MetaTrader 4, so many traders will prefer that option.

    24option App

    Every second counts! The app can ensure you never get caught short (pun intended) when the market starts moving at an awkward time, as it so often does. Using the 24option app, you can enjoy the full functionality of 24option’s offering at any time, in any place you are with a smartphone.

    General Information

    Company Information

    • Broker’s Name : 24Option
    • Headquarter : Cyprus
    • Regulation : CySEC

    Account Information

    • Type of Broker : Market Maker
    • U.S. Clients Allowed :
    • Minimum Deposit : $100
    • Maximum Leverage : 1:200
    • Account 1 : Basic
    • Account 2 : Silver
    • Account 3 : Gold
    • Account 4 : Platinum
    • Demo Account :
    • Islamic Account :
    • Segregated Account :
    • Managed Accounts :
    • Institutional Accounts :
    • Deposit Options :
    • Withdrawal Options :

    Instruments Traded

    • ETFs :
    • CFDs :
    • Commodities :
    • Metals :
    • Stocks :
    • Oil :
    • Gold :
    • Binary Options :
    • Indices :

    Trading Platforms

    • Type of Platform : MetaTrader 4
      • English
      • Spanish
      • Arabic
      • Italian
      • French
      • Turkish
      • German
      • Japanese
      • Chinese
      • Russian
      • Portuguese
      • Dutch
      • Greek
      • Malay
      • Thai
      • Bahasa
      • Swedish
      • Polish
      • Hungarian
      • Other
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
    • Spanish
    • Arabic
    • Russian
  • Support Hours : 9/5
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Pros and Cons

    • Wide Range of Assets
    • Cryptocurrencies
    • High Spreads
    • Insufficient Info About Account Types

    24option Crypto

    There are many Forex brokers that offer cryptocurrency trading, but few are as comprehensive as the 24option crypto currency offerings. 24option prides itself on its wide asset offerings, and its cryptocurrency offerings are no different. The brokerage offers CFD trading for the five top cryptocurrencies, including bitcoin, bitcoin cash, litecoin and Ethereum.

    24option offers traders educational resources for trading CFDs and the strategies are valid for trading cryptocurrency CFDs as well as others. Among the recommendations the broker makes is to focus on a limited number of markets so as to sharpen your trading strategy and make sure it’s both profitable and relevant to the CFD (or, in this case, the cryptocurrency CFD) you wish to trade. Practice your trading strategy consistently on the same assets, and hopefully you’ll see the desired results.

    Another suggestion made by 24option which is relevant both to bitcoin trading and trading of other digital currencies is to create a solid trading plan before getting started. Though many cryptocurrency traders are eager to jump on the bandwagon without an actual trading plan because they ‘have a feeling’ that the market is going to go up or down, or are sharing in the crypto craze that is taking the world by storm. However, this type of overzealous action can be extremely dangerous, especially as cryptocurrencies tend to fluctuate wildly, even without specific market triggers. Taking time to make a strategy-based trading plan will ensure that you don’t trade emotionally, but make intelligent, thoughtful decisions that will bring long-term profits.

    The minimum deposit for 24option bitcoin trading is $250, and the minimum withdrawal amount is $10. Deposits can be made in USD, GBP, JPY, EUR and RUB. Your trading currency cannot be change once it is set, so choose your deposit currency carefully. Some traders have noted that only one withdrawal can be made per month with 24option (bitcoin trading and regular trading), so consider this limitation when making your withdrawal. However, we don’t see this as a serious drawback, as 24option is a regulated brokerage that offers reliable cryptocurrency trading.

    User Reviews

    Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

    Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

    24option Broker Review 2020

    In our 24option review, we will inform traders about all trading features and amazing solutions they can use while trading with 24option. Besides providing superior support in various languages, 24option has won many prestigious awards that are just confirming how good they are. 24option is regulated by CySEC and according to the broker, provides a high level of security for its clients. Read more about 24option in our detailed broker review.

    24option Special Features

    Traders are welcome to register with five different trading accounts and find most attractive features that perfectly fit their preferences. Trading accounts are carefully adjusted and we are sure traders will find an appropriate account that will satisfy their trading style. 24option has ensured 24option Demo account for trading newbies that will be able to practice before placing real trades.

    Minimum deposit for 24option is $100 and the minimum investment is $24. Find out in our detailed article about 24option trading accounts here.

    In the further text you can read more about 24option trading accounts and their features:

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      The Best Binary Options Broker 2020!
      Perfect For Beginners!
      Free Demo Account!
      Free Trading Education!

    • Binomo
      Binomo

      Good choice for experienced traders!

    24option maximum leverage is 1:200 which is not the highest but it also is reasonable when one remembers that leverage increases losses as well as profits. The minimum spread on EURUSD starts from just 1.5 pips

    It is noted that investors should not place trades with money that they do not afford to lose. Trading Binary Options involves substantial risk and may result in the loss of your invested capital.”

    As we have already mentioned, 24option traders can first start using 24option Demo account. Demo is only available for registered traders and they will be contacted by 24option account manager to get most important info about Demo features. 24option Demo is excellent for beginners in the binary industry, but it is also a good starting point for all traders that have earlier experience too.

    24option Demo account introduces all important trading tools and lets traders learn more about the trading platform. Beginners can simply place trades with virtual amount of money to spend.

    24option Trading Software

    24option has recently integrated MT4 platform which is mostly used for trading with Forex. The platform is available for download and it is available for both dektop or mobile version. This trading platform provides many novelties and if you are tired of using SpotOption platform, 24option and MT4 will give you a refreshing combination that could keep traders interested.

    24option web-based platform is recently refreshed with a new in-house trading platform called Scipio. Scipio allows traders to trade with both binary options, CFDs or Forex.

    We have found 24option offers more than just basic trading options which are especially great for traders with more experience.

    Update*: 24options is leaving TechFinancials platform and they are developing their own. Read more about it in our news article.

    We have found 24option offers more than just basic trading options which are especially great for traders with more experience. Among classic High/Low and Touch Options, traders can find 60 seconds, Boundary and High Yield options.

    If trading platform plays a big role in trader’s preferences, then 24options might be a great selection. Traders will be happy to know that 24option provides Early Close option. Besides plentiful trading options, 24option provides a variety of expiry times that give traders even more trading choices: 60 seconds, 2 min, 5 min, 15 min, 30 min, 1 hr, 24hr+, End of Month.

    24option also provides a mobile version, that might be more convenient for traders that travel a lot and have less time to trade with the desktop version.

    24option Support Information

    We can say that 24option support service provides various languages for its clients. 24option broker allows support on more languages and clients will be happy to get support on their mother tongue. 24option serves their clients with live chat, email, contact form or phone.

    There are more than 18 different phone numbers available, and we are ensured traders will find the appropriate number for support. In our 24option broker review, we have tested live chat service, which is rated as prompt and provides all important support for its clients.

    Live chat is supported in various languages, so if you are not very good with English, their support agents will try to find adequate support for your language. If traders prefer more classical support service, they can send questions on [email protected]

    Tip: Trade with a reputable and regulated broker such as IQ Option.

    24option Banking and Company Information

    24option provides diverse banking opportunities where traders can use plenty methods, depending on their preferences. 24option supports: Visa, Bank Wire, MasterCard, JCB, Diners Club, Dankort, Laser, Visa Electron, Liberty Reserve, Skrill/Moneybookers and even more. A wide amount of payment services enables easier transfers since traders don’t need to open accounts with new providers.

    First withdrawal in a month is free of charge. This is a great advantage since most of the traders charge for every withdrawal. Traders are recommended to check 24option withdrawal fees that apply after the first request. Minimum withdrawal with 24option is $100 and it is important to know that traders need to verify their 24option accounts before their withdrawal will be processed.

    24option will charge different fees, depending on payment method:

    • Bank wire: $30
    • Credit cards: 3,5%
    • Skrill/Moneybookers: 2%
    • Liberty Reserve: 1%

    24option is serving its services from 2020 and as we have already mentioned, it is regulated by CySEC. This certificate confirms that broker follows certain rules and conditions determined by this regulatory body. One of the important things to mention is that 24option segregates their client’s accounts from a central bank account.

    24option is available for trading in all countries except in USA and Australia.

    24Option Reviews

    Updated Feb 14, 2020

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    Your trust is our top concern, so companies can’t alter or remove reviews.

    “Worst binary trading services”

    I have been working at 24Option full-time for more than a year

    I haven’t found any pros for this company

    Be prepared to met with the worst binary trading service of your life. I thought their services are legitimate but I was wrong. Your manager never contacts you even on request. I have never seen such bad service from a so-called called industry leader.

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    “Fantastic working experience”

    I worked at 24Option part-time

    Helped me develop my skills

    High demand environment fast pace working

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    “A nice experience !”

    I worked at 24Option full-time for less than a year

    great place to work / young and fun collegues / music all day long / good incentives to work harder / pays on time during my experience

    Standard salaries / Very competitive environment / you either make it or not

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    “Worse management ever”

    I worked at 24Option full-time for less than a year

    They take people without experience

    They fire people without experience Just their friends/protected employers receive some material to work with, while others need to fulfill unrealistically demands. It seems that they try to find reasons to fire people, making the working environment very very bad. All the good ones went to other companies.

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    “Stay away!”

    I worked at 24Option full-time for less than a year

    No pros. Maybe the fun environment with toys.

    Management don’t care about you – all they care is if you bring money in. There are no friendships Working environment is stressful and bad. Expect to be written up (warning) if you don’t make 10k sales per month or something like that. Would not work here if it was the last job in the world.

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    “Account Manager”

    I worked at 24Option full-time

    Pizza happy hour was tasty

    Management is not the best

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    “MY TRADING EXPERIENCE”

    I have been working at 24Option for more than a year

    N/a for this broker at all.

    IQ OPTIONS has to be the worst in the world, how they would con me to invest and deny my withdrawal was so surprising, there greedy actions almost left me terminally ill its terrible. I almost lost 190,000GBP to them, luckily for me after countless request for withdrawal I got in touch with this recovery company, Binaryoptionrecoveryspecialist (dot)-(com) they helped me get my funds back so happy to share this you can thank me later..

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      The Best Binary Options Broker 2020!
      Perfect For Beginners!
      Free Demo Account!
      Free Trading Education!

    • Binomo
      Binomo

      Good choice for experienced traders!

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