24Option Review – Scam, Bonus, Demo, Download and App Info

Best Binary Options Brokers 2020:

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:


    2nd place in the ranking!



24option is the most widely known broker on the market and they offer a helpful demo account to try out their trading platform with no risk involved. Their minimum deposit requirement is higher than some other brokers, but if you’re serious about trading that shouldn’t pose a problem. 24option has been servicing traders for many years now and has a solid track record to prove they are not a scam. They do not currently accept clients from the USA.

24Option is owned by Rodeler Ltd, that is based in Limassol Cyprus. Authorized by the Cyprus Security Exchange Commission (CYSEC) with the license number 207/13.

During 2020 24Option amended their offering. They no longer offer binary options, and concentrate solely on Forex and CFD trading.

24option have moved away from platform provider TechFinancials, and developed a new bespoke platform. The new offering also saw a move into Forex and CFD trading, with the firm also offering forex pairs that include Bitcoin. Recent growth in cryptocurrency trading led the firm to add Bitcoin pairs as soon as they could.

Trading Platform

The 24Option trading platform is fairly unique, even within the fairly generic world of binary, forex and cfd trading. The look and feel of the platform has been designed in keeping with the brand, so the usual red and green trading buttons have been replaced.

This bespoke style does not impact the usability of the platform however. The type of trade is available on the top left menu – choose from:

The relevant assets are then shown beneath. Selection any of them will update the relevant payout information, and the price chart on the right. The trading area is well laid out, so although a lot of data is available at once, it is still clear and easy to use.

Open trades, and a history of closed trades are available under the trading area, where performance is constantly updated.

Best Binary Options Brokers 2020:

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:


    2nd place in the ranking!


The trading platform also gives users access to the 24Option signal service. The trader sentiment bar is also used to aid trader decisions. The demo video at the bottom of this review illustrates how to get the most out of these. As ever, signal services should be treated with a certain level of caution, particularly where supplied by the broker. But they can be an additional tool for confirming, or stepping back from, particular trades.

The 24Option signals are referred to as ‘Trading Alerts’, and are found alongside the ‘open trades’ and ‘Trade History’ tabs.


With more than a hundred different types of underlying assets on offer, traders at 24Option will certainly be spoilt for choice. They can choose for 43 different types of stocks, 11 commodity related options, 30 currency pairs and 19 types of market indices.

With Forex and CFD trades the payout will depend on the price movement of the underlying asset. Traders can utilise leverage to manage their risk and payouts. While trading on margin can increase profits, it can equally accelerate losses, so should be used with caution.


In addition to being regulated and licensed by CYSEC, 24Option is also registered with several other European regulatory agencies such as the Autorité des Marchés Financiers (AMF) in France, BaFin in Germany, CONSOB in Italy and the Financial Conduct Authority (FCA) of UK.

The key benefit of dealing with a regulated broker is the fact that you always have someone to turn to for dispute resolution in the event there is a dispute between you and the broker. Another factor that should weigh heavily on a trader’s mind when selecting their broker is the ability to claim compensation should their broker turn insolvent. With 24Option, traders need not be concerned as they are a member of the Investment Compensation Fund scheme. The fund entitled traders to claim up to a maximum of 20,000 euros.

Mobile App

The 24Option app is a smart and easy to use mobile trading platform, available for android, iOS or Windows, the app is free.

The app has a clear, simple interface, and the trading process is intuitive. Screens and buttons are large making them easy to use without risk of mistakes because of small or hard to find buttons. As well as simple trading, the app will also display open and closed trades, and update them in real time. The trading app is a great addition to the range of features delivered by 24Option. Each version has been written to exploit the full range of functions across multiple devices, so android, windows and iPhone users all get a tailored experience.


24Option withdrawals will be paid back to the source of the deposit. So payments can only be returned via the same method as a deposit was made. This a common situation, and is actually a safeguard to protect traders from fraud.

For the same reasons, the firm do require proof of address and some form of valid ID, before making withdrawals. This is to comply with money laundering laws. Where a deposit is made via credit card, details for that card will also be required for any withdrawal made later.

Withdrawal Complaints

Withdrawal complaints or problems often stem from delays in this proof of identity procedure. It is therefore worth sending all these details early – before a withdrawal request is made. This reduce the chances of problems, minimise complaints and ensure quicker withdrawal payments.

Account Types

24Options offer a range of account types. Entry to these accounts will depend on the size of the initial deposit. The larger the first deposit, the higher level of account type a trader will join. However, traders can always start with a smaller deposit – and then make a larger deposit at a later date in order to increase their account type.

Gold and Platinum account holders can enjoy regular free withdrawals, regular account holders receive their first withdrawal free. Remaining withdrawals may incur a percentage charge and this figure will depend on the method used – Skrill for example, will incur a 2% charge. Withdrawal requests can be made at any time.

New accounts will also get to choose between forex and cfd accounts. Bitcoin is tradeable via the forex pairs.

Is 24option a Scam?

As a regulated broker, 24Option are not a scam. They provide the service they say they will, and client funds are held separately to company funds. Regulators are taking a keener interest in binary options of late and 24Option have supported this. The trading platform is reliable, and withdrawals paid as requested.


One complaint levelled at 24option has been the practice of “upselling”. This is where an account manager working for the broker will contact clients and offer to trade on their behalf. This generally leads to the trader over-trading, and in some cases trading beyond their means.

Where possible, traders should not let anyone else trade on their behalf, and in response to the complaints generated, the binary industry has begun to end the bonuses paid to account managers that behave in this way. It remains to be seen if this ends the practise, and traders need to be aware of the risk. If called by an account manager offering advice, we would suggest a polite “No thanks”.


24Option offer a fairly unique bonus offer, by moving away from the traditional deposit match bonuses. They offer a range of ‘Premium Prizes’ – these are normally ‘tech’ offerings, such as an iPad or MacBook.

As with any reputable broker, 24Option will allow traders to opt out of any bonus incentive.

24Option Demo

Below is demo video from 24option, which details how to make a trade via a tutorial – from selecting the asset and trade type, to analysing the charts and judging trader sentiment, this 24Option demo video is fully comprehensive, including where to find the signal service (‘Trading Alerts’);

Review Conclusion

From the fact that 24Option is licensed and regulated by CYSEC, we can deduce that they are a legitimate operation. The warm and friendly service provided by them certainly makes a refreshing change from the cold and impersonal service which other brokers are accustomed to providing.

For those who are interested in opening a live trading account at 24Option, their minimum deposit requirement is $250. As for their minimum trade size, you can trade from $24 per trade. While the services offered by this broker are very good, it is their regular trading competition that sets them apart. Some offer tens of thousands of dollars in prizes to the winners of their competitions. There are also innovative bonuses offered, and the demo account allows traders to get used to the platform before stepping into the markets for real.

• Bitcoin Forex trading
• Extensive list of underlying assets for trading
• Professional Customer Support
• Robust and Advanced Trading Platform
• Support Multiple Languages
• Wide Range of Benefits and Incentives
• Now offer CFDs in addition to binary options

• Need to deposit $250 first before access to the demo account is granted

24Option Review Ratings

Customer Service Rating – 10
• 24/7 Support
• Phone Support For 21 Countries
• Trading platform translated into 18 languages

Asset Choice Rating – 10
• 43 Stocks
• 30 Currency Pairs
• 11 Commodities
• 19 Indices

Deposit Method Rating – 9
• Credit Cards
• Wire Transfer
• Web Wallets

Minimum Deposit Rating – 7
• $250

Minimum Trade Rating – 8
• $24

Trading Features Rating – 8
• Standard High/Low Binary Options
• One Touch Binary Options
• Short Term Binary Options
• Boundary Options

Payout% Rating – 8
• Up to 89%
• 15% Rebates

Bonus Offers Ratings – 9
• Up to 100% matching bonus on initial deposit.

Site Intangibles Rating – 9
• Regulated by CYSEC
• Demo account
• Asset Filter Provided
• Real Time Price Feed from Morningstar price quotes
• Demo videos, tutorial and ebook provided
• Regular Trading Competitions With Attractive Prizes

24option Review


Founded in 2008 the multi-award-winning binary options trading site from 24option is not only intuitive and easy to use but also geared towards both new traders as well as trading professionals. With 24/7 dealing provided on the reputable Tech Financials trading platform they are one of just a handful of highly respected and trusted brokers that put usability and accessibility at the forefront of what they do.

This ease of access and their mobile-friendly platform makes the trading process accessible and straightforward. Operating across a growing list of countries in 22 languages the site lets you choose the language and currency you wish to trade in. Education is a priority with 24option, and their range of educational aides caters for everyone from the first time trader to the experienced and successful.

With customer support a priority at 24option there are many support options available from picking up the phone to a dedicated customer support advisor to starting an online chat on the move, their dedicated team are on hand to help with any questions or issues.

In this review, you will learn:

    What we think about their company practices The unique benefits and features of 24option Differences between the various accounts

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

You don’t have to choose a plan to get started with 24option. They state on their website that you can open an account and begin trading immediately. If you do want to start a plan, there are five on offer, plus an additional, somewhat discreet 24option demo account available on request. Highlights of these account options are below.

Basic Account

The Basic Account requires an initial deposit of $250, and the minimum trade is $24. Successful trades attract profits of up to 82%, but benefits are limited to the standard 24-hour customer service access and a professional chart.

Silver Account

The minimum amount needed to open a Silver Account is $2,000 although this account commands the same profits as the Basic Account. A Silver Account does, however, unlock a few more of 24option features including access to a personal coach and trading alerts.

Gold Account

The most popular account with traders, a 24option Gold Account sees the profits rise to up to 84% and the addition of more features which include SMS & e-mail alerts. There is also the opportunity to live trade with an expert. An initial deposit amount of $25,000 is required and a minimum trade of $48.

Platinum Account

If you are looking for more benefits and support and a higher profit, a Platinum Account will see a return of up to 86% on a successful trade alongside even more expertise to help you trade successfully. A minimum initial deposit of $50,000 is required, and the minimum trade amount is $120.

Diamond Account

With a minimum trade amount of $480 and the maximum trading return of up to 88%, the Diamond Account is the most rewarding of all plans at 24option. A higher exposure and higher trading limits make this the account to be enjoyed with the more professional traders. They even offer Diamond Account holders FREE Juventus tickets due to their affiliation and sponsorship of the club.

Trade Types And Payouts

With a maximum payout of up to 88% available to those with a Diamond account (82% for the lower end of the account scale) the trade types available are High/Low Options, One-Touch Options and Boundary Options, here are more details:

High/Low Options

One of the more popular types of binary options High/Low Options are also known as call/put options. All the trader needs to do is call whether that asset price will increase or decrease below the current level in a set amount of time.

One Touch Options

One-Touch Options are a simple way to trade and don’t take much time or effort. All the trader needs to do with a One Touch option is to choose whether the market will reach a target price within a designated amount of time.

Boundary Options

Boundary Options involves a simple prediction. The trader needs merely to predict “In” or “Out” which means whether you believe the market price will close within or outside the upper and lower costs by the expiry time.

24option’s mission is to make sure that their traders enjoy their experience.

Bonuses And Promotions

As well as offering periodic bonuses from time to time 24option have both technology bonuses and cash bonuses that are pretty much standard and provided consistently.

Technology Bonus 1. To qualify for an iPad, the account holder must deposit a minimum of $10,000 and reach a minimum trading volume of $50,000. Technology Bonus 2 is a MacBook and with a deposit of $20,000 needed and a min trading volume of $100k.

For those who don’t have that kind of money to trade with there is a $24 bonus for anyone who downloads the 24option mobile app and registers for an account.

Upon registration, cash bonus offers are made on a case by case basis, usually associated with the amount of cash deposited by the trader.

Mobile Trading

Trading is made easy with a 24option mobile optimised website and the mobile app which is available for both IOS (iPhone and iPad) and Android. In this fast-paced technological environment, users need something that is intuitive, simple, quick and easy to use and that allows for instant order execution with real-time data.

While the website offers everything the trader needs to know along with FAQ’s, the mobile app has more limited functionality however customer support is still paramount and user reviews state the app to be an easy to use platform with useful information and great support.

The trading app is available for a range of devices including iPhone, iPod Touch and iPad Air. As well as its ease of use the app is also available in 22 different languages allowing the user to switch to their native tongue. As well as English you can trade in Arabic and even simplified Chinese.

Deposits And Withdrawals

The minimum deposit with a 24option account is $250, and after making the deposit, trading can begin immediately. Deposits can be made via wire transfer although if using this method the minimum deposit amount is $1,000. Other methods accepted include credit and debit cards, Skrill, Mister Cash and many other online payment systems.

Before you can withdraw funds from a 24option account, you must ensure that all documentation and verification is up to date. The verification process requires photo ID such as passport or driver’s license, proof of residence (you must be resident in a country accepted by 24option ) and a verified payment method. To use a credit card, for example, you must send a picture of both sides of the card although you are asked only to display the last four digits. Withdrawals can be made to credit cards, wire transfer or other selected online payment systems.

Once your account is verified the withdrawal process is straight forward and requires the users to fill in the amount to be withdrawn. 24option aim to process all withdrawal requests within three days. There are some light complaints regarding withdrawal problems, but we believe these are mostly down to lack of ID and account verification.

There is a fee for making a withdrawal unless you are a Platinum or Diamond Account holder. The fees range from 2% – 3.5% depending on the method or a fixed fee of $30 for a wire transfer. Banks may make additional charges.

Special Features

As 24option values every trader and wants them to enjoy the success, they offer a FREE demo account giving entry-level traders the chance to familiarise themselves with the platform, experience a real experience and teaches them the necessary skills to continue.

Educating their traders is also crucial to 24option which is why you will find webinars for all traders regardless of experience and knowledge. Just visit their website and watch a basic, intermediate or advanced webinar. Other webinars are available, with dates published on their calendar.

Customer Support

Customer support is easily accessible, and in the first instant you can complete and submit a simple form with your questions, comments or concerns. Support is also available by e-mail, telephone or by starting a live chat with a customer service specialist on the site whether on a desktop or mobile device. Support contact is available 24 hours a day, seven days a week from many countries across the world and as usual, in multiple languages.

Here are the contact details for 24option:


Let’s finish up our 24option review here. 24option’s mission is to make sure that those traders that use their site enjoy the experience, experience success and stay! To achieve this, they provide plenty of education and support to all of their traders regardless of experience. They seem to value their traders and demonstrate this through their various educational tools and information. From our investigative research and test, we found no reason to believe they are a scam operation.

As an exceptionally well trusted and secure platform to trade on 24option is a popular choice with many traders from beginners to professional Diamond traders. They’re easy to use platform, mobile trading options and customer support make them an ideal choice for traders and makes them a serious contender in the binary options trading market.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is 24option legit, will they scam me?

24option has one of the most reputable names in the business and are a trustworthy and reliable broker. We carry out individual checks to ensure that we are happy.

Do they have a decent mobile or tablet app?

Technologically they have a good platform which ranges from the desktop website to their responsive mobile site. 24option also have an app and actively encourage traders to download the app by offering a $24 bonus.

What bonus do they offer new traders?

24option provides a welcome bonus of 100%. For a trader that reaches $10,000 in deposits and $50,000 in trades there is the reward of an iPad, if they double this, they will be rewarded with a Mac Book.

Can I start trading on a free demo account?

Like many of the top brokers, 24option offer a demo account to encourage their traders to get used to the platform. Just deposit your $250 deposit, then request a free demo account.

What’s the minimum deposit and trade amount?

The minimum deposit for a 24option account is $250 unless you are depositing funds via wire transfer, then the minimum deposit required is $1,000. Their minimum trade is $24.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

24option Review


The 24option cooperates only with banks authorised and regulated by EU member states and that are highly rated by credit rating agencies. The 24option is a CySEC regulated broker operating under license number 207/13


Broker 24option
Website URL www.24option.com
Founded 2020
Support Number +357 25 262063
Support Types Live Chat, Phone, Contact Form, E-mail
Languages English, Italian, German, French, Russian, Spanish, Portuguese, Arabic, Japanese, Swedish, Danish, Dutch, Finnish, Norwegian
Trading Platform Tech Finacials
Minimum 1st Deposit $250
Minimum Trade Amount $24
Bonus BONUS UP TO 100%
Payout Up to 88%
Free Demo Account Open Demo
Regulation CySEC (Cyprus) № 207/13
Commission Info No
Account Types Standart, Beginners, Gold, Platinum, Diamond, Islamic
Deposit Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
Withdrawal Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
Number of Assets 130+
Expiry Times 60sec, 2minutes, 5minutes
Option Types High/Low, One Touch, Boundary, Short Term
Account Currency EUR, USD, GBP, RUB, TRY, CNY, JPY, CHF
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.8/10

Full Review

The 24option began operations in 2020, and was one of the first brokers in the market. Since then, many new tools have been designed and introduced to simplify and improve trade sessions for users.

When starting to work with 24option, you will first be able to open a demo account to practice. This will greatly reduce the chances of losing your money as a result of inexperience. There is also a 24option Education Center, which can bring you lots of benefits in learning the rules of trade.

In addition, you will be offered one-to-one training with an expert. Clients of 24option receive a chance for permanent contact with a financial adviser through a live chat, email or telephone to discuss potential profits and different strategies. We believe that this is a great advantage for all traders, even experienced ones.

One of the main advantages is that the 24option broker is regulated by CySEC and follows all regulatory rules (Cyprus Securities and Exchange Commission), to ensure safe and secure trading.

Deposit and withdrawals

A good sign is that the amount of money you can earn is not limited! There are brokers who will not allow you to withdraw all your profits if the profit is too large. This fact can create a lot of trouble and cause anxiety among traders. The 24option refrains from doing this, allowing applications for withdrawals, so the traders can get their money as quickly as possible. The customers receive a payout within 3-5 working days (or within 1 day if you have a VIP account). In order to withdraw funds, you can use credit/debit cards, Moneybookers, bank transfers, Neteller, Qiwi, Webmoney and a number of other payment systems, which are represented in the image below.

You should keep in mind that the 24option allows 1 free withdrawal per month; if you withdraw money more often, a commission is applied. The commission depends on the account level you have reached. For the platinum accounts, no commission will be charged for withdrawal of funds.

Owners of regular and gold accounts only get 1 withdrawal free of charge per the calendar month.

Complaints about 24option

Our team searched the information on the Internet for any complaints, and we found some negative comments, but it seems to be the manipulation of competitors; the criticism that has been objective has been resolved by the company in a positive way.

On several forums, some customers complained that they did not receive the approval of a withdrawal and waited a week. We do not believe this because, firstly, their problems have been successfully resolved by the broker, and secondly, in the «Terms and Conditions» section, you can find the dates within which the broker must meet its obligations and how long it takes to perform the procedure.

If we find complaints about 24option, we will post it on social media. Follow us to be well informed:

The 24option is a scam? The 24option is currently one of the most law-abiding of brokers on the market. It has been regulated by the Cyprus Commission for the Securities and Exchange Commission (CySEC).


The 24option was one of the first brokers that received a license from the financial regulator. Trading with a regulated broker provides a high level of service and protection to clients. Being regulated by CySEC (Cyprus Securities Commission and Exchange Commission), the 24option has a so-called «EC passport» to provide services within the European Union in accordance with MiFID (EU Directive «About Markets in Financial Instruments»). Thus, the 24option is one of the safest brokers for European traders.


If you were not registered earlier and just opened an account for the first time, you can earn a bonus. The amount of the bonus varies depending on the type of account you open. It is usually 30% of the initial deposit but can reach up to 100%.

We recommend you to follow the news: the 24option often announces information on additional bonuses or prizes. For example, a current bonus gift is a MacBook. They also hold many other trading contests with real prizes. If you decide to take a bonus from 24option, you should carefully read the terms for the use of the bonus, because every broker has certain conditions that must be followed by traders.


A final summary on 24option broker. All in all, the 24option is one of the leading brokers on the market. The company has more than 6 years of experience as a broker, and every year they increase the number of services and bonuses offered to their customers. The minimum deposit is only $250, and the minimum bet size is $24. They also offer free trading signals which can be used on the trading platform.

The broker has a large section devoted to education, with free e-books and many videos. Most importantly, the broker is regulated by CySEC, so you can enjoy a safe and secure trade.


In summary, we can say that the 24option is a regulated, 100% reliable and safe binary options broker. The company is fully compliant with the high level of service standards set by the EU. The minimum deposit amount is only $250, making it easy to start trading.The 24option takes first place in brokers ranking at FraudBroker.com and is the best choice for European, Arabian and Asian traders.


I have been trading at 24Option for over a year. The platform is quite excellent, I have a few things to warn you about – Upon the registration, you must enter your real personal data for the future verification for further profit withdrawals. Also, read their bonus policy for problem-free obtaining. Overall, a good, safe broker, I would recommend it personally. Thanks. Marc.

Why most of you keep losing to your trade brokers is because you don’t make use of any strategy in trading binary, Note binary has gone beyond all that trading without a strategy, no broker account would want you to make profit while they are losing… so it the other way round you lose while they win, have been trading for over two years now and it has been a very different dimension for me because i have been trading with a very new strategy that has been able to lift my trades accurately giving me wins of about 7-8 daily…it no fluke have been able to help enough people raise up there investment with enough proofs to show you, my one to one masterclass strategy would save you years of time wasting and funds wasting if only you are prepared to learn binary trade is one thing i have come to understand ,it’s all about you having a nice broker, using the rite strategy and above all knowing how to read the trend and if you need assistance on how to make withdrawal from your account easily even when bonus was giving to you or recover the money you have lost email me at [email protected]

Here is a list of issues I have had with 24Options:
Impossible to try the demo account without putting in a £400 deposit, basically tying me up to 24Options even though I hadn’t tried the platform yet to check it would meet my expectations and requirements, as in others I tried in the past.
I didn’t use the account for a while and then realised I had been charged a withdrawal fee of about £50, although I had not been notified, as per section 2, Inactivity Fees’ paragraph in their General Fees Terms and Conditions. I am not entirely sure exactly how much I was charged as this sum doesn’t figure on the account banking history.
The dormant fee was withdrawn a second time and still with no notification, although this time, it did figure in the account history.
The General Fees T&Cs specify the dormant fee will be applied if there are no transactions on the account. I did use the demo account and therefore assumed that it would be classified as transactions. If that wasn’t the case, this should have been made clear in the T&Cs.
Online customer service is very slow and abrupt: the guy I was chatting with suddenly closed the chat saying he had to go, even though I wasn’t finished with my questions.

100% SCAM. STAY AWAY FROM THEM, I repeat STAY AWAY FROM THEM. All they want is your money once they get it, they’ll be done with you.

Is 24Option a Scam? Read This Before You Invest In It

Welcome to my 24Option review!

If there’s one trading platform out there that you can trust from all the rest, it’s 24Option.

First of all, I must Congratulate you for taking your time to do your own research before buying into any “seemingly good” product.

That’s the way to avoid scams and find the legitimate way to make money online!

Let me be completely transparent with you, I’m not associated with 24Option in any form.

So, rest assured that I’m not here to pitch or sell anything to you.

Instead, I’m here to reveal what sets this trading platform on a league of its own, and why it does what it does to be the best.

Is 24Option a scam, or is it a legitimate trading platform?

Find out in this article.

24Option Review Summary

Product Name: 24Option

Founder: Rodeler Limited

Product Type: Trading Platform for Forex, CFD, Stocks, and Cryptocurrency

Price: Minimum deposit varies depending on account. Starts out at EUR 250 for Basic and up to EUR 50,000 for Platinum.

Best For: Novice and experienced traders who want to take their trading to the next level, and who are aware of the current market trends and its associated risks.

Summary: 24Option is one of the most trusted trading platform on the Internet. It’s a platform that I can recommend to both novice and experienced traders for the following reasons. First, the platform is heavily regulated, so it can’t afford to do anything wrong. Second, their site is user-friendly and has multilingual support. Third, they have a fully functional demo account that provides you with a learning experience without worrying about losing money. Lastly, they have impressive customer support, both in helping and training their traders.

Rating: 90/100

Recommended: Yes

What is 24Option?

24Option is an award-winning online broker that provides services for binary option traders since 2020.

In 2020, they became a full-service Forex broker that expanded their services to include trading in CFD’s, commodities, stocks and indexes, and Forex.

In 2020, 24Option stopped their binary options trading and focused on their FX (Forex) and CFDs.

The company is owned by Rodeler Limited and is regulated in Cyprus by the Cyprus Securities and Exchange Commission or CySEC under the license number 207/13.

Rodeler also owns GrandOption, QuickOption, and 24FX brands, which offer the most advanced trading platforms to date.

Their registered addresses are Cyprus and in London, England.

Inside 24Option

24Option boasts of being one of the world’s first online binary options brokers and offers a wide range of underlying assets that’s carefully selected to accommodate traders around the world.

Their list of assets include CFDs on equity indexes from the world’s biggest economies including Dow Jones Industrials, NASDAQ, DAX, FTSE, MICEX and TADAWUL.

CFD’s are also offered on popular US-based technology like Google, Apple, and Facebook as well as stocks of the largest banks in Europe and Russia like Barclays, Deutsche Bank, and Sherbank.

24Option also offers trading in major and minor currency pairs that include key currencies from different nations around the world.

These include the EUR, USD, CHF, AUD, GBP, and JPY to name a few.

Traders with 24Option also carry out their trades using their proprietary platform in addition to MetaTrader4.

Like other online brokers, the company does not charge its clients commissions and relies instead on widening a currency pair’s dealer spread to compensate themselves.

Scipio Trading Platform

Apart from allowing traders to use the MetaTrader4 platform, 24Option developed their own trading platform.

It includes many features not available to other trading platforms and the company’s previous web-based platform.

This new trading platform combines the company’s binary options trading facility with its new ability to trade Forex, CFDs, and commodities.

Mobile Trading

Traders can also trade the markets by using their mobile devices and smartphones.

24Option developed a mobile trading app optimized for both iOS and Android devices.

These apps can be downloaded on the Apple Store or Google’s Play Store.

The MT4 platform also has a mobile version that offers traders the ability to use most of MT4’s functionality on the go, like seeing live streaming rates, viewable trading history and open positions, and placing orders.

Trading Bitcoin With 24Option

24Option has been at the top of the industry since it began and they’ve constantly been able to do that by improving and going with the prevailing trend.

By listening to their clients, 24option broke ground by trading Bitcoin and other cryptocurrencies in July 2020.

Clients are now able to trade, Bitcoin, Dash, Ethereum, Litecoin, and more on 24Options’ CFD Platform.

24option Deposits & Withdrawals Options

24Option made it easy to fund trading accounts, no matter where you are in the world. To accommodate different traders from different countries, these are the following methods to deposit funds:

  1. Credit/Debit Cards
  2. Wire Transfer
  3. CashU
  4. Skrill
  5. MoneyBookers

Meanwhile, withdrawals at 24Option are straightforward and less hassle. Traders are first required to verify their account by submitting the necessary documents.

For withdrawal methods, these can be done the same way as to how deposits were made.

If a trader funded his account via his credit card, then the withdrawal will be executed through his credit card up to the amount that was deposited.

The excess balance of the withdrawn amount will then be transferred to the trader’s bank account via wire transfer.

How to Get Started With 24Option

There are various 24Option account types for each client, depending on an account manager’s evaluation. These include:

  1. Basic – The 24Option Basic account requires a minimum deposit that offers access to the MT4 and company’s Web client platform for one-click trading as well as access to the mobile app and 24/7 customer service access. Minimum deposit of EUR 250 is required.
  2. Silver – Includes all of the features of the basic account with the addition of Trading Alerts and a Personal Trading Coach. The minimum deposit is EUR 2000.
  3. Gold – Includes all of the features above in addition to giving traders SMS and email alerts as well as an extra 2 percent return on every trade they make. Minimum deposit required is EUR 25,000.
  4. Platinum – Includes all features listed above in addition to access to a research website and Live Training session. They also get an extra 4 percent return on every trade they make. Minimum deposit required is EUR 50,000.
  5. Diamond – Includes all of the features from the other account types in addition to complimentary tickets to Juventus FC soccer matches in Europe and customizable trading platform. There’s no minimum deposit specified and has to be set up with 24Option’s account managers.

I’m Jerry!

I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!

Who’s 24Option For?

24Option is for you if:

  1. ​ You’re serious about doing trades on a legitimate trading platform
  2. You are aware of the risks involved in trading
  3. You’re willing to take your trades further by investing more
  4. You’re willing to learn more about trading ​

24Option is not for you if:

  1. ​ You are not that familiar at all with any aspect of trading on any platform
  2. You are not willing to risk money on trading
  3. You are not updated on current market trends ​

What I Like About 24Option?

#1 – 24Option is Regulated, Safe, and Secured

Unlike other trading programs like Fast Cash Club , Crypto Coin Sniper , and Quantum Ad Code , 24Option is heavily regulated with the country’s regulating body and other agencies.

This is because it operates in different countries, requiring it to register with their financial regulatory agencies before any trades can be done by their citizens.

The different regulatory bodies that watch over 24Option and its traders.

This allows 24Option to create a safe trading environment that meets the best interest of all involved and financial protocols are ensured to guarantee their investors’ safety.

#2 – They Have A User-Friendly Site

Through their proprietary platform, Scipio, 24Option can easily switch between different forms of trading.

The site and platform is constantly being updated and improved on, and is available in 12 different languages including English, German, Spanish, and Arabic.

The trading platform is also translated into 22 languages.

#3 – They Have A Fully Functional Demo Account

Unlike other trading platforms, 24Option traders can easily switch between Demo Account and Real Accounts.

The Demo Account would allow traders to trade based on live market data. Traders who sign up for the demo account get EUR 100,000 in trading funds for practice.

This would allow you and other traders to practice trades without worrying about losing any real money.

#4 – Impressive Customer Support

24Option provides 24/7 customer service via live chat and email, and telephone assistance in 12 different countries.

Speaking of customer support, they also provide a wide range of educational materials like daily market news and updates, interactive books, videos on demand, and webinars to their traders.

Their Trading Central Feature allows clients to access third party market analysis and historical data.

What I Don’t Like About 24Option?

I try to be as fair and as honest as possible with my reviews, and this includes finding out the positive and negative sides of a program.

For 24Option, I couldn’t find anything negative that was worth pointing out. The fact that the program is heavily regulated means that it can’t afford to do anything fraudulent.

Most of the negative reviews that I’ve read don’t seem that “real” because all they claim is that they lost money without going into details of how they lost it.

A Snippet of their Complaint Procedure. You can read the full document on their official website.

Another reason why these reviews are not real is that 24Option has an actual procedure for handling claims, and upon browsing the page, it looks like it was written by an attorney.

Any smart trader would actually follow through with the procedure first before complaining about what happened to their money or their account.

Is 24Option a Scam?

24Option is far from being a scam, and it’s probably one of the most trusted trading platforms in existence to date.

If you’re an experienced or novice trader looking to take their trading to the next level, this is a program that I can recommend.

First, they’re HEAVILY REGULATED by different agencies across the world.

This means that they cannot afford to anything fraudulent because it’s going to be their reputation on the line when there’s proof of any wrongdoing.

Second, they have a user-friendly site that’s constantly being updated and improved, and it has multilingual support as well.

Third, they have a fully-functional demo account that gives you adequate learning experience on trading without losing any money.

Lastly, their customer support is impressive, both in aiding and improving their traders. There’s live chat, email support, and telephone support available 24/7 if there are any issues with your account.

There’s also an education center with books, webinars, and videos on demands that will boost your skill in trading.

How I Make A Living Online?

I’ve personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!

Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year’s time.

If you want to discover the secrets of how I did it at such a young age, click here!

  • Justin Hagen
  • October 31, 2020
  • Categories ↓
    • Recommended
    • Reviews
    • Trading
You May be Interested

Is CoinSpace a Scam? WARNING! You Don’t Want This MLM!

Is Univera a Scam? A 20-Year Old MLM Company Reviewed!

Is Vida Divina a Scam? Check Out This Health And Wellness MLM!

Is Touchstone Essentials a Scam? Another Health MLM Company!

Justin Hagen

Justin has worked as an SEO and content specialist for the last 9 years. His success in the industry has allowed him to graduate from college, pay for a wedding, and pay for their first car. He recently joined Jerry as a writer for the Smart Affiliate Success blog.

I agree with this article as i have being a victim of these fake brokers. I invested about $590K MAGNUM option and
all could do in my first withdrawal was $59k. Then my money started going down the drain till i was left with only
the bonus they said i couldn’t withdraw until i fund my account again. The trend continued and i lost everything.Not one dollar was left. I almost died knowing i was scammed. I was very determined to get my money back so i had to hire a wealth recovery expert ([email protected] com) who recovered 80% of my money including my bonuses to me. The moral of this story is for everyone to be very vigillant about the kind of broker you invest with and if you have lost some money don’t giveup the quest to get your money back

This is a scam. Have a lady by the name of “Eloise Noble Yeager” contacted me out of the blue through Facebook, very friendly and asked me to trust her. Started telling me about the business and how to make money and that she is an expert employee working for the company quickoptiontrade247.com. She tell me that everything is real that she is not lying to me. She assure me that she will not do me wrong.

Out of curiosity, I tried it out. I thought to myself that this is a scam because when something is too good to be true, it usually is. I just wanted to see how they gonna scam me. After I register and deposited the money, her Facebook account got hack according to her. So, she have to close her account. Funny thing is that her account remain active with no issue for weeks until I decided to joined her. That is red flag #1.

Then after 4 days of trading, she noticed that my account have been block from trading because I made too much money and need to upgrade. There is a requirement of $340 maintenance fee. I will need to deposit that amount within 48 hours in order for me not to lose my profit and to continue trading.

I asked her, can the company just take it out of my account? She told me no because it is my money so they can’t touch it. So I asked, since it is my money, can I take out the amount that is required to pay the maintenance fee and leave the rest for trading? She told me no and that I will have to find other means of payment. That is red flag #2.

I asked her, can she lend me the money and I will pay her back with the 10% commission since I’m only two days away from my first withdrawal. And she’s going to get 10% from the withdrawals anyways. She told me no because that is against company policy. That is another red flag.

To me the only reason why she will not loan me the money to reactivate my account is that the money in my account is not real. And the reason why I can’t touch the money and the company can’t take the money out of my account for the maintenance fee is because the $5,655 I have in the account are not real. The only real money is the $350 I deposit when I opened the account with them. Didn’t really care, this is a $350 dollar payment for a life lesson I guess…be careful people, when something is too good to be true it usually is. I already suspect that this is a scam. Just out of curiosity I took a chance. My mistake help a lot of people I know from joining these type of scams.

24Option Review 2020

(You invest on your own risk)

24Option is one of the most well-known names in the CFD-trading and forex industry, and they are also one of the most used brokers.

In 2020, 24Option decided to rebrand themselves which means that they are currently only offering CFD and forex trading.

You’ve probably heard about 24Option before, especially if you are interested in MMA and more specifically the UFC because 24Option used to be the official sponsor for Conor McGregor.

Unfortunately, that collaboration ended a few years ago due to a disagreement.

However, since then 24Option has cleared their name and are now the official sponsor of the Italian football club Juventus.

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

Find the best trading platform. You capital is at risk when trading. Be careful.

24Option Ratings – By BullMarketz & Visitors

24Option Conclusion

For many years, 24Option has been one of the most respected brokers in the entire industry and they have had thousands of happy customers from all over the world. A few months ago they decided to rebrand as a forex and CFD broker and they have managed to maintain their reputation.

24Option offers a stable product with a good selection of assets on one of the best platforms in the world. Additionally, they have a professional customer service that is eager to help.

24Option are well on their way to becoming one of the best forex brokers on the market with a great selection of CFDs on all markets. For the broker, it’s been an impressive journey to say the least.

24Option Review by BullMarketz.com

In this 24Option review, we will put the popular CFD and forex broker to test and see what they are all about. And here we are going to give you a little overview of what we are going to look at.

  • Is 24Option a safe broker or a scam?
  • 5 things you should know about 24option
  • What trading platforms are 24Options offering? Computer? App?
  • What account types do they have? real account? Demo account?
  • What assets can you trade with 24Option?
  • 24Option FAQ
  • And finally, you will be able to find some user reviews.

24Option Scam? Is 24Option a Legit Broker?

Yes, there is no doubt that 24Option is a legitimate broker that you can trust with your money and investments.

We have worked in the business for many years and based on our experience we can guarantee you that 24Option is trustworthy.

The reason we say this is because they have been licensed and regulated by the two leading authorities in Europe.

Getting authorized by both the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) is the best way for a broker to prove their legitimacy.

Additionally, 24Option is always striving to be better with constant updates to their platforms, products, and safety measures.

We have followed them for years and have had the pleasure of seeing them improve a lot.

As you might know, 24Option used to be a binary options broker, but a while ago they decided to upgrade their service.

Since then, 24Option has rebranded themselves completely and has now put their complete focus on the forex and CFD market.

Another reason that confirms that 24Option is not a scam is that they recently started a collaboration with the legendary Italian football club Juventus as the official main sponsor.

And we are certain that an established sports club like Juventus would never be associated with an untrustworthy business.

24Option’s licenses from CySEC and FCA coupled with their collaboration with influential companies should make you confident that 24Option is reliable. There is really no need to worry if your money and personal information are safe with 24Option.

5 Things You Should Know About 24Option

  1. 24Option used to be one of the most respected binary options brokers in the business, but they have since changed their focus to the CFD and the forex market. Now, they are already one of the most respected brands in the market, and we are impressed by their dedication.
  2. 24Option has a long history of sponsoring sports teams and major athletes such as UFC fighter Conor Mcgregor. Today they are the main sponsor of the Italian football club Juventus.
  3. Sine 2020, 24Option has offered access to CFDs on a selection of cryptocurrencies, and they have announced that more will be added continuously. To us, that is another sign of 24Option’s ambition to be an innovative market leader.
  4. This broker has been authorized by two of the strictest regulatory bodies in Europe. CySEC and the FCA enforce trading regulations on brokers within the European Union (excluding Belgium) but also on an international level. Since 24Option has a license from both, you can rest assured that they are 100% legitimate and that they will put you and your safety first.
  5. 24Option has developed arather unique account system that’s based on how much you’re willing to deposit and trade with. The system creates fair and versatile opportunities for their customers.

24Option’s Trading Platforms

In 2020, 24Option introduced forex and CFD trading to their selection of assets, and since then they have updated their platforms to support the new markets.

This means that they are no longer providing their much appreciated Scipio platform that so many traders were used to.

But it’s not as bad as it might sound because 24Option replaced Scipio with MetaTrader 4, one of the top platforms.

In fact, it came as no surprise that a leading broker like 24Option decided to collaborate with MT4. MetaTrader 4 serves a huge selection of satisfied customers from all over the world and if you haven’t heard about the platform before it’s about time you check it out.

The platform is extensive and requires downloading if you want to use all the features.

There is also a web-based version of the platform called WebTrader.

It doesn’t seem like 24Option has integrated WebTrader with their service yet, but it is just a question of time before that becomes available too.

The web-based version of the MetaTrader 4 is called the WebTrader, and it is one of our favorite platforms.

There is no need to download any software to use this platform and all the trading is done directly in your browser. Many people prefer to trade like this since it’s more practical and it also allows people that use Chromebooks, Windows 10 S, or other app-based computers to trade with 24Option. For obvious reasons, some of the tools are slightly limited on the web-platform compared to the downloaded version, but you still get access to everything you need.

As a part of the MetaTrader 4, 24Option provides you with the opportunity to use some of the world’s most popular charting tools.

Right now, the 24Option platform comes with three charting tools, over 50 technical indicators, and best of all the option to completely customize the platform for your needs. That’s right, MT4 is a customizable platform that you can shape and adjust for your specific trading style, and it makes the user experience as personal and efficient as possible.

Let us clarify: 24Option has stopped offering binary options to focus on forex trading instead.

Hence, they have also updated their platform and are now working with MetaTrader 4. The decision to stop offering this type of trading was taken long before ESMA banned the market in Europe.

Professional traders can still trade with binary options, in order to meet the qualifications, you will have to answer a few questions from 24Option.

24Option Trading Accounts – Real account and demo account

What sets 24Option apart from many other leading brokers is that they have decided not to follow the regular model with one trading account, one premium account, and one demo account. Instead, they have developed several premium accounts for different budgets and turnovers.

Read more about the different accounts below.

As per usual, the demo account is very useful for beginners and novice traders, but 24Option is very clear with the fact that it’s available to everyone.

You see, traders at any level can benefit from a demo account, it doesn’t matter if your budget is $10 or $250,000.

The 24Option demo account is perfect for strategy development and practice since it offers risk-free trading under real market conditions.

Gold is the name of the account that comes after the silver account. To open a gold account you need to deposit $25,000, and for that price, you get access to a Senior Account Manager as well as personal training with the MetaTrader 4 platform.

Platinum is the second most advanced account and it requires a deposit of $100,000. In addition to all the above mentioned perks, this account gives you access to a risk management class along with several courses in investment and advanced strategies.

Diamond is the most exclusive account that 24Option offers. The account requires a deposit of $250,000 to be activated and for that price, you get a lot of benefits. The Diamond account is similar to the Platinum account but you can expect invites to exclusive events and regular gifts from 24Option.

We really like this unique account setup that 24Option has chosen because it makes the broker different from most other brokers tha t tend to only offer two or three different accounts.

Let’s be honest, we all have different goals, amounts of available funds, and our own trading styles and we want the option to choose an account that fits us.

24Option demo account

Starting a 24Option demo account is quite an easy process, unlike a real account, the demo registration process is much shorter and you don’t need to validate your account.

If you, later on, want to create a real account, you will still have to go through the validation process.

The 24Option demo gives you full access to their trading platforms and it is quite an experience. Enjoy it and make sure to put the demo account to test.

There are some big differences that you need to be aware of.

  • The Demo account experience is not the same as the real account experience. Trading with real money involves a lot more emotions.
  • The demo account does not always work exactly the same as the real account, for example, some functions might not be available.
  • Even the terms and conditions will usually be different, be careful here and make sure you understand the conditions of the real account.

24Option on Your Smartphone or Tablet

We have good news for everyone who prefers to trade on a mobile device.

MetaTrader 4 comes in a very practical and stable mobile version for your smartphone and tablet.

The only downside is that the features and tools are somewhat limited. However, that is how most trading apps work, and it’s nothing we can blame on 24Option or MetaTrader 4.

To gain access to the trading app and start using 24Option on your phone you can either visit the 24Option website or go straight to one of the app stores.

24Option’s Assets – What assets can you Trade?

24Option’s new selection of assets is really impressive, and it has steadily been growing since they switched from binary options to forex and CFD.

According to 24Option’s website, they offer a little more than 100 assets, but after taking a closer look we got the feeling that the number is closer to 200.

  • Currencies are one of 24Option’s biggest focus groups, and you can expect to find all the leading currencies such as USD, EUR, JPY, CHF, CAD, and a few other big currencies. Unfortunately, they don’t offer any smaller currencies such as SEK, NOK, and TRY.
  • Commodities can be traded as CFDs with 24Option and you have 15+ options to choose between, including coffee, gold, soybeans, sugar, platinum, natural gas, and Brent oil. 15 might not sound like a lot but it is actually more commodities than the majority of brokers offer.
  • Stocks can also be traded as CFDs and this is the biggest selection of assets that 24Option offers. In the list of available stocks, we found close to 100 of the biggest companies such as Facebook, GE, Disney, and Coca-Cola.
  • Indices is another available asset, and 24Option has about 20 of them with a focus on classic indices such as Dow Jones, S&P 500, NASDAQ, etc.

The actual size of their selection is a bit of a mystery since we find contradicting information everywhere.

On some pages, 24Option claims to have the largest selection in the industry while they also claim to offer 100+ assets which would be far from the largest selection.

The only thing we are certain of is that 24Option provides access to the most popular currency pairs, some of the most lucrative stocks and indices, a handful of great commodities, as well as a collection of cryptocurrencies. And honestly, that is more than most traders need.

24Option Leverage – Do they offer good leverage?

CFD trading is always leveraged on the 24Option platform.

Leverage trading is a method that increases your trading ability by multiplying your invested amount which means you can make larger profits but also larger losses.

It is advisable that you learn how leverage works before you sign up with a broker so that you don’t expose yourself to unnecessary risks.

You can learn more about 24Option’s leverage in their educational material, and we will round things up below.

As a European citizen, your access to leverage is limited due to regulations. That means that the highest leverage you can use is 30:1 on major currency pairs and the smallest is 2:1 for cryptocurrencies.

However, you can be exposed to even more leverage if you are residing outside of the European Union.

For a detailed list of the leverage available for each asset, we suggest you visit the 24Option leverage page or open an account with them.

Also, we recommend that you take it easy with leverage trading in the beginning and encourage all beginners to first open a demo account and test it out before you start trading on 24Option’s leverage.

Trade cryptocurrencies with 24Option

24Option recently decided to add cryptocurrencies to their selection of assets and we couldn’t be more excited about it.

24Option is currently offering CFDs on Bitcoin, Ethereum, Litecoin, Ripple, and Dash, but they make it very clear that they are prepared to add more digital currencies when they see fit.

Since you trade the cryptocurrencies as CFD you never buy the actual currency but rather speculate on their price.

As you might already know, we love cryptocurrencies and we have great respect for all the early adaptors.

To us, the fact that 24Option chose to offer cryptocurrencies proves that they are willing to adjust themselves to an ever-changing market.

Not only does 24Option provide access to CFDs for several of the largest cryptocurrencies, but they also offer a comprehensive educational section about cryptocurrencies and where they originate from.

This is extremely valuable for new traders that want to get into the market and experienced traders that need a little information before they get started.

But why should you trade cryptocurrencies?

Obviously, that’s a personal choice that you have to make on your own, but you should know that there are several benefits to this new market.

The main benefit is that the cryptocurrency market is highly volatile and that there are a lot of price changes on a daily basis, which is perfect for CFD trading.

Some would argue and say that the volatile nature of the market is what makes it so attractive and why it has become such a boom lately because compared to the stock market that develops quite slow, the cryptocurrency market is full of action.

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

Find the best trading platform. You capital is at risk when trading. Be careful.

24Option License and Regulation

24Option is run by a company called Rodeler Limited with their main office in Cyprus and several smaller offices in the rest of Europe, mainly in England and Germany. Rodeler Ltd. has a license from and is regulated by Cyprus Securities and Exchange Commission (CySEC) with license number 207/13. This license gives them the right to offer their services in most of Europe (Belgium and Switzerland excluded).

Rodeler Ltd. also has a license from the Financial Conduct Authority (FCA) in England, and that license encompasses all traders from the UK.

24Option also has a subsidiary called 24Option International that offers trading services on a global scale. However, many countries are excluded from the list including the United States, Canada, and Japan.

Register a Trading Account with 24Option

Like everything else 24Option provides, the registration process is in accordance with the regulatory bodies guidelines as well as laws for the European Union and beyond.

The current trading laws in Europe stipulate that there are several things one has to do before you can start trading with a CFD broker.

This includes proving your identity and testing your knowledge. Below you’ll find an overview of the process and what is needed from you before you can start trading with 24Option.

1. Submit personal and account information

The first thing you need to do is follow one of the 24Option links on this page. They will redirect you to the registration process.

After you’ve done that, you will have to submit information about who you are.

For example, 24Option will ask you to provide your full name, address, email, phone number, etc.

Make sure that all the information is correct and that you can verify it later on, otherwise your registration process will fail.

2. Test your knowledge

In order for 24Option to get a better understanding of who you are and what your previous trading experience looks like, you will have to answer a couple of basic questions about CFD trading and leverage.

This is something all forex and CFD brokers do to evaluate how much leverage and margin they can offer you, and if you need any deposit and withdrawal limits.

It might seem strange, but if you think about it, you’ll realize that it’s the best way for a broker to ensure that their services are fair and that they don’t expose customers to unnecessary risk.

3. Prove your identity

24Option also requires that you verify your identity before you start trading.

Anyone who wants to offer financial services to customers needs to make sure that their customers are who they say they are.

To verify your identity, you will have to submit two different documents.

  • Proof of Identification – A photocopy of your passport, driver’s license, or national ID card. The copy has to include all the information on the identification, and if the image isn’t clear enough, 24Option can refuse it.
  • Proof of Address – A utility bill (electricity, water, phone) that’s no older than 6 months, or a recent bank statement. The document needs to include your full name as well as your address.

4. First deposit

Sometimes the registration process takes a while since 24Option has to confirm all your information, and at times they might even ask you to provide additional information as they see fit.

However, as soon as you’ve been approved, you can go ahead and make your first deposit. Choose the payment method that you prefer and deposit the money you want to trade with.

If you make a deposit using a credit card you will have to verify the card by sending a copy of the card to 24Option.

Note that you will have to go through the verification process (stage 3 above) for each new credit card that you want to add.

As soon as your account has been verified and your first deposit is on your trading account, you can start trading.

We do suggest that you ease into it, especially as a beginner. Remember that it is always better to start with smaller investment amounts that you can add to than go all-in and lose it all.

Many professional traders follow the 30/70 pattern where they never invest more than 30 percent of their available balance, always leaving 70 percent left. By doing the same, you will never run out of cash and you will limit your risk.

Trading with Demo Accounts

We’ve already talked about 24Options’ demo account several times, but we really think it is worth mentioning again since it is an incredible feature for traders with any experience.

A demo account is sometimes referred to as a practice account or day trading simulator, and it’s essentially a risk-free account.

It works by 24Option providing you with a predetermined sum of virtual money that you can use to trade assets under real market conditions on the MetaTrader 4 platform.

However, since you’re using the virtual money, you’re not risking anything, and if you run out of money, 24Option will refill your balance.

Why would a broker offer a free account?

In our opinion, there are three benefits for a broker to offer a demo account.

  1. There is really no point in always using a demo account and never investing your real money, and 24Option knows that. There might be a fraction of a percent that only wants to trade with virtual money, but the majority of traders are looking to profit with real money. The demo account serves as a door opener, and it helps 24Option with their transparency.
  2. Most traders that use demo accounts are beginners, and they use the risk-free accounts to learn how one effectively trades on different markets. It can be both nerve-wracking and expensive to start trading with hard-earned money right off the bat, and a demo account provides an opportunity to learn some useful skills before entering the world of real trading.
  3. Experienced traders use demo accounts to practice and perfect techniques. Let’s say you read about a new strategy or an analytic method that you haven’t tested. But before you start trying it out with the risk of losing unnecessary money, you test the new technique on your demo account. Sometimes this usage is called day trading simulations.

It’s easy to switch between the 24Option demo account and the regular trading account meaning you can easily integrate the risk-free service with your normal trading.

A note about demo accounts

We always want you to stay safe when trading and there is something you need to know about demo accounts.

It has been proven that humans are more risky and inconsiderate when they get to use money that isn’t theirs or that is fake.

In other words, people use poor judgment when spending money without consequences.

Because of this human trait, most traders act differently with their demo account then they would with their real money.

The issue is when people fail to switch back their mindset. Sometimes a trader may make a number of highly risky trades on the demo account and then continue the pattern on their real account and end up with large losses.

The point we want to emphasize is that we want you to be safe and responsible. Try to separate demo trading from regular trading.

24Option Payment Options

24Option offers an impressive amount of payment methods.

A lot of the options are regional based and only available in certain countries, so we recommend that you check their website to get a better idea of what your possibilities are.

The following methods are available to most traders:

  • Credit and debit cards (Mastercard, Visa, Maestro, and Discover)
  • Skrill – An online payment method
  • Neteller – Another online payment method
  • Bank transfer – The traditional way of depositing money to a trading account

Some of the local deposit methods that 24Option provides are Giropay (Germany), Postepay (Italy), Moneta (Italy), Sofort (Germany), etc.

As a regulated broker, the available payment methods 24Option can choose from are influenced by CySEC and FCA.

The main reason a broker gets a license is to protect their customers, and in order to protect them from theft, only the safest options are available.

As you can see, 24Option’s payment methods are standard services that you’ve probably heard of and used in the past.

This is to make it as easy and safe as possible for customers to deposit and withdraw funds from their accounts.

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

Find the best trading platform. You capital is at risk when trading. Be careful.

24Option Customer Service

To us having great customer service is essential for any industry-leading broker that wants to uphold a great reputation, and we think that 24Option has excelled with their customer service.

If you ever need to contact 24Option, you have a few options to choose between. In our opinion, the easiest way is through the live chat that’s offered on the 24Option website.

The service puts you in contact with a customer representative in a matter of minutes, and in most cases, they can help you out very quickly.

We have used the chat on more than one occasion and are happy with the help we received.

You can also call 24Option on one of their many local customer service numbers, just be aware that you might have to wait a while before you’re connected to the next available staff.

The quickest way to find out what number you should call is to visit the website directly.

24Option will detect where in the world you are, and they will provide you with the most suitable number for that region.

Your last option is to contact 24Option via email or the contact form provided on the website.

Emails are answered in a timely and professional manner, and it’s a great way to get answers to questions that aren’t time sensitive.

24Option Offices – Where are they located?

The 24Option headquarter is located in Limassol, Cyprus at Kolonakiou Street Limassol 4103.

It is from this office that most of the operational tasks are handled, but the broker also has several international offices spread out around the world.

Some of those locations include London, Mexico, Saudi Arabia, Belize, South Africa, New Zealand, Singapore, Malaysia, etc.

If you, for some reason, need to contact a physical office we advise you to visit the broker’s Contact Us page.

It features an interactive map that shows you all the offices and which office is closest to you.

User Experience: What is it Like to Trade with 24Option?

We are big fans of MetaTrader’s platforms and we have a lot of experience using them with several different brokers.

Therefore, it should come as no surprise that we really enjoy trading with 24Option.

All of the platforms work seamlessly and the tools and features 24Option offers is everything you need and then some.

There is a trading solution for everyone, whether you want to trade on a computer, in your browser, or even on your smartphone.

Using 24Option On a Computer

The downloaded version of 24Option’s platforms is the MetaTrader 4, and it would be an understatement to call it a great trading tool.

It is quick, highly responsive, easy to navigate, and packed with all the latest trading features and tools.

Opening and closing positions are very easy, and you have easy access to all your open trades at any given time.

All things considered, this is a world leading forex trading platform in its essence.

In addition, the web-based version of 24Option’s MT4 is close to as good as the downloaded version.

In fact, online trading platforms have become so good lately that we have been doing most of our trading online for the past few months, and 24Option is not an exception.

It’s also so practical that you don’t have to download anything and can just trade directly from the browser on any computer.

24Option App – Do they offer a Trading App?

24Option has apps for both Android and iPhone, and we’ve tested trading with both.

In terms of layout and features, the apps are pretty much identical and they seem to work equally as well.

As always, you are a bit limited with what you can do, but it’s easy enough to open and close positions so the trading app fulfills its function.

If you want to be able to trade anywhere and take advantage of all the possibilities that might arise, you should download the app to your phone.

To quote 24Option: “In order to trade Forex/CFDs in today’s fast-paced world, you need immediate access to the markets. Download the 24option Forex/CFD app today and never miss a trading opportunity.”

The app comes with practical trading alarms and signals that you can activate based on your own preference and analytic work.

Educate Yourself with 24Option

Lately, 24Option has put a lot of effort into creating a massive database full of educational material for all levels, and we’re loving it.

Under a tab called “Education” on the 24Option website, you’ll find a large selection of useful material in form of text and videos for both beginners and experienced traders.

  • Advanced Trading ebook – 24Option has created an ebook that covers several interesting subjects such as trading psychology, market analysis, and trading strategies. The book is free and well-written, and we recommend that everyone takes the time to read through it. Also, the 24Option eBook is interactive, and at the end of each chapter, there is a quiz with several questions regarding the content you just read.
  • Daily Market Reports – To help you stay up to date on the latest developments and events, 24Option provides a daily market report. Here you will find information about the biggest gains and deepest nosedives but also predictions and general investment advice.
  • Video on Demand (VOD) – This section contains a number of videos that explain everything from how CFDs work and how you best use the MetaTrader 4 platform, to advanced trading strategies. It is a great resource of information for everyone.
  • Trading Strategies – Do you want to learn more about trading strategies? Then this section is for you. Learn more about technical and fundamental analysis, trends, charts, and everything you need to plan your investments based on actual data.
  • Webinars – 24Option arranges webinars on a range of different topics with some of the best trading experts in the business. You can find an interactive calendar on the website where they list all the upcoming webinars and events. Remember to sign up for the free trading classes in advance so that you don’t lose out.

In addition to these sections, 24Option offers guides and instructions on a long list of subjects, and as a customer, you will get access to an impressive amount of really useful trading advice.

24Option: Spread, Commission, and Fees

As most of the brokers in the industry, 24Option is a commission-free broker and having to pay commission is nothing you have to worry about. However, 24Option also needs to make a profit and so they do make sure that they make a little something from all their customers.

This income is based on two things: spreads and fees. Let’s take a close look at what it is and how much you pay.

24Option Spread

Spread is the difference between a buy and a selling price. It’s a small charge that 24Option and every broker in the industry charges for each trade performed on their platform.

You can look at it as the cost of opening a position.

The amount you pay is minimal and rarely more than 1-3% of the invested amount so for you it’s not a lot but for the broker that handles millions of trades, the amount quickly adds up.

24Option has three ways of calculating spread, in pips, in points (pt), and in percent, and the calculation method differs depending on what asset you’re trading.

For example, last time we checked the currency pair GBP/USD had a spread of 4 pip, while the index FTSE 100 had a spread of 1pt.

The lowest stock spread we found was as 0.2%, but that amount did increase quite a lot on certain stocks.

As you can see, every asset has its own system, and it is important that you understand this before you start trading.

Professional traders always calculate the spread before they invest so that they know how much every trade will cost them.

Note that 24Option doesn’t offer fixed spread meaning every asset’s spread changes throughout the day.

Because of this, it is advisable to include the spread when you decide on which assets you want to invest in since it might be cheaper at certain times of the day.

24Option Fees

24Option also charges fees for certain products and services, such as holding a position after the market closes.

This fee is called an overnight fee or a swap, and it’s calculated a bit differently depending on which asset you’ve invested in.

There is also an inactivity fee for accounts that haven’t been used for a certain amount of time.

This is charged to cover the maintenances fees of having an inactive account.

Additionally, depending on the payment method you use your transactions can be subject to fees.

These fees are always clearly marked so that you know how much each of your transaction will end up costing. Just don’t forget that the payment provider you use can have their own set of charges so you better check that too before you start depositing money to 24Option.

All in all, 24Option’s fees and charges follow the industry standard and there is nothing out of the ordinary with them.

In fact, some of their spread is highly competitive compared to other brokers in the industry, and some assets have had the lowest spreads that we’ve seen.

24Option Awards and Recognition

24Option used to be one of the most awarded and celebrated binary options brokers in the world, winning several awards for their excellent services and commitment to being an innovative leader in the industry.

Among the awards, we find several best broker awards and prizes for their customer service.

Today, 24Option is a CFD and forex broker, and even though the change from binary options to CFD recently happened, they have been recognized for their product.

One good example is the award-winning platform that they offer.

Due to the amazing product that 24Option has developed, we are expecting the broker to start receiving awards at all the upcoming events.

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

Find the best trading platform. You capital is at risk when trading. Be careful.

24Option Sponsorships

This broker has made a name for themselves for all the high-level sponsorship deals they’ve had over the years.

Since 24Option was founded and first launched they have had the honor of sponsoring some of the world’s leading athletes which has helped the broker tremendously in terms of brand awareness.

Out of all the 24Option sponsorships, the following two partnerships really stand out.

  • Conor McGregor – For years 24Option and UFC Champion Conor McGregor were official partners. This collaboration allowed 24Option to market their services on McGregor’s channels and during his fights. It was a lucrative partnership that came to an end in 2020.
  • Juventus FC – 24Option has been an official sponsor of the Italian football club Juventus for several years. The partnerships have fluctuated from smaller campaigns to official sponsor deals. Right now, 24Option is the official and main sponsor of Juventus.

In addition, there are some other sponsorships worth mentioning such as a long-term deal with the British football team Southampton FC as well as the legendary German tennis player Boris Becker.

24Option FAQ (Frequently Asked Questions)

We often get questions about brokers sent to us by readers and people that are looking to start trading but are unsure of which broker is the best.

Many of these questions are about 24Option since they are one of the leading brokers in the industry.

Because of this, we decided to list the most frequently asked questions with answers to them.

The questions have all been answered by industry experts and all the information has been cross-checked with 24Option.

If you have a question that hasn’t been answered below, we encourage you to ask it as a comment at the bottom of this page so that we can provide an answer for you.

Who is 24Option and who runs the broker?

Note that the switch from binary options to CFDs was done before ESMA decided to ban binary options in Europe.

What type of trading does 24Option offer?

24Option offers forex and CFD trading on a range of different assets. Forex trading is another word for currency trading, and it is done in currency pairs. CFD is short for contract for difference, and that’s a derivative that you can buy on pretty much any underlying asset. When trading with 24Option, your job is to predict if the price of an underlying asset will increase or decrease and then buy a contract that mimics that prediction.

In other words, CFD trading is a way to invest without owning and in many ways, it’s easier to learn than regular stock or commodities trading.

CFD trading is associated with high risk, and you should always educate yourself as much as you can before you start trading.

Can I trust 24Option?

Not only is 24Option a trustworthy business but they are also regulated by two of the toughest authorities in Europe, among others. This means that you can be confident that your personal data and your funds are protected whenever you are trading with 24Option.

How does 24Option make money?

Some brokers also charge commission, but 24Option is a completely commission free broker.

What are the requirements to open an account with 24Option?

You can learn more about all the requirements by initiating the registration process on 24Option’s website .

How do I open an account?

Do I have to verify my trading account?

Is there a 24Option demo account?

A demo account has several benefits for both beginners and experienced traders, and it is something we suggest you start using.

What platform does 24Option offer?

MT4 also comes with several practical charting tools that make your analytic work seamless.

Can I trade on my smartphone?

24Option has been awarded for their innovative trading app, and we recommend that you try it for yourself.

How can I deposit money into my account?

To deposit money, you open your verified trading account, push the “Deposit” button, choose your preferred payment method and finish your deposit.

How do I withdraw my profits?

How long does it take before I get my money?

The best way to confirm transaction times is to check directly with 24Option since they provide a list covering all the payment methods with associated fees and times.

Are there limits on how much I can trade for?

In addition, there might be limits to how much you can deposit that are imposed by your bank. See our review above to find out more about the different 24 Option trading accounts and their benefits.

What is leverage trading?

Can I buy cryptocurrencies from 24Option?

In their selection of tradable assets, 24Option offers 5 different cryptocurrencies that you can speculate on, among them, you’ll find Bitcoin, Ethereum, and Ripple.

What makes 24Option better than their competitors?

Only a few brokers can be considered lucky enough to belong at the top of the CFD broker industry but to us, there is no doubt that 24Option belongs there. So to answer the question: 24Option is unique and just better than other brokers on so many levels

Can I trade with 24Option anywhere in the world?

In the United States, CFDs are banned, and in order to offer CFD trading in Australia, 24Option would need to acquire a trading license from the Australian Securities and Investment Commission (ASIC). We don’t know if that is something 24Option is planning on , but it wouldn’t be impossible for the broker to open up the doors to Australian traders sometime in future.

Does 24Option offer training?

Can I trade binary options with 24Option?

What are CFDs?

Risk Management with 24Option

CFD trading is associated with risk and there is no way that you can avoid that completely – the risk is what makes trading so exhilarating so you wouldn’t want to erase that from the equation.

That being said, there are ways one can limit the risks, and some would argue that it is your responsibility to make sure that you do avoid unnecessary risk.

We have already mentioned that 24Option has an impressive educational center where you can learn a lot about trading CFDs and forex under different circumstances.

However, we did not mention that a large part of 24Option’s educational material is aimed at risk management.

Risk management can be divided into several sections such as safety measures, strategy development, and reduced limits, and 24Option offers information about all of this.

One of their main focuses is to educate their customers on how one best trades and the importance of using solid strategies, and to us, that is the best way to manage risk.

By being educated and having a good understanding of the market, one can avoid making too many bad trades, thus avoiding unnecessary risk.

Another part of 24Option’s effort to help you manage the risks with CFD trading is actual features that you can use on your positions.

For example, you can active stop-loss and trails on your open positions to either protect profit you’ve already made or to avoid losing money.

We and all other professional traders use stop-loss techniques as a part of our trading strategy, and we recommend you do too.

Cons with 24Option

We have already mentioned that 24Option is one of the leading businesses in the trading world and we really mean that.

Very few brokers have what it takes to compete with 24Option. With that being said, no service is perfect, and there is always room for improvements and the same goes for 24Option.

The one thing that we see an issue with when it comes to this broker has to do with their website.

In some ways, it kind of feels like the website is a work in progress because it has improved a bit in the last few months, but there is still something missing.

Unlike their platform, the website is quite hard to navigate and the long loading times to open certain pages can be frustrating.

Also, we’re quite confused about how large their selection of assets really is.

On one page, 24Option claims that they have the largest selection of assets in the industry but on another, they say they have 100+.

However, when we counted it ourselves, we found more than 200 available assets.

And the problem is that 200 assets are far from the largest selection in the industry, which has us thinking there must be even more.

It’s confusing, to say the least, and we really hope that they will make this more clear in the future.

What Do Experts Think of 24Option?

My first introduction to online trading was through 24Option’s binary options platform many years ago.

After that, I moved on to trade on, test, and review most of the available binary options platforms and I still thought that 24Option had one of the best platforms out there.

When I heard that 24Option was expanding to CFD and forex trading, I got excited since I already knew the brand and thought it was about time they expanded, but I also got a bit worried that the broker would lose their edge.

As it turns out, there was no need to worry because 24Option has made a great job in switching focus.

Today, I still think 24Option has one of the best products on the market and I really enjoy trading CFDs with them.

Although, there is still some work to be done before the product has been streamlined and I look forward to seeing how 24Option keeps developing over the years to come. Adam, Senior Editor Bullmarketz.com

24Options used to be one of my favorite brokers early on in my trading days, I started out trading binary options. Somehow I ventured into CFD, forex and stock trading and my account at 24Option were not used in a long time.

With the binary option ban they rebranded and I gave them a chance again, good broker, quality service and still very good with educational material.

I would recommend 24Option to people who are new to trading and looking for a legit broker to get started. Try out the free demo account that they offer if you are unsure. Jimmy, CO-Founder BullMarketz.com.

Recap – Start Trading with One of The Best CFD Brokers in the World

24Option is not only one of the best brokers in the industry, but they have also succeeded with an incredible development.

When the broker started off, it was a binary options broker and it only took them a couple of years before they made it to the top of the binary options industry.

Then they decided to rebrand themselves as a forex and CFD broker and once again they made it to the top of the industry in record time.

Today, 24Option has an impressive selection of available assets in the most popular markets.

They have also developed an incredible trading platform and offer an array of practical and innovative charting tools.

The combination of all these features is what makes 24Option a leader in the business, and we are convinced that the broker will be a force to be reckoned with for a very long time.

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

24Option Review – Scam? Mobile? Demo account? (See our Research)

Find the best trading platform. You capital is at risk when trading. Be careful.

Best Binary Options Brokers 2020:

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:


    2nd place in the ranking!

Like this post? Please share to your friends:
All About Binary Options Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: