24Option opened in 2010 originally as a binary options broker, and in 2017 launched their new custom CFDs/Forex trading platform. 24Option is owned by Rodeler Ltd, which is located at; 39 Kolonakiou Street, Ayios Athanasios, Limassol, Cyprus. Their contact phone number in Cyprus is +357 25 262 063, United Kingdom is: +44 161 960 0200, and the contact email is [email protected].
24Option CFD Review
CFD investors and traders at 24Option have access to the bespoke MT4 trading platform. This trading platform is user friendly for traders since it is clear, and well presented. Traders who are used to the MetaTrader4 platform can use that also, and they have mobile trading apps for Android and iOS. You have more than 120 underlying assets to trade on, and the leverage rates go as high as 400:1. Naturally available are all popular Forex pairs, market indexes, commodities and shares.
As a global broker, their website is available in multiple languages, and you can have your trading account in these currencies; CHF, EUR, GBP, RUB, USD. Funding methods available are Credit Card, Bank Wire, Diners, Discover, Skrill, Webmoney, OK Pay, Perfect Money, JCB, Switch, and more. They also offer binary options.
The smallest account size requires a minimum initial deposit of $250, see here.
Investors Education & Training
24Option offers extensive educational material and training. It is important for new traders to spend time learning about proper risk management and position sizing before starting to trade in a risky environment like CFD’s/Forex.
24Option provides you with various educational articles and videos on their website, see here.
Once you have a funded trading account, you can speak with their customer service department, who will answer all your questions you may have.
24Option Forex License
When we review a forex broker to see if they are a legit broker or just another scam, the main item we check is for a valid license. The primary regulators of CFD trading brokers in the world are government agencies like CySEC, FCA, and FSB, see here.
Outside of Europe, the site is owned by Richfield Capital Limited, which is regulated by the IFSC in Belize, license number IFSC/60/440/TS/15-16.
There are many reasons why investors should only trade with a licensed broker, and if you want to see what happens and scam brokers, just read the complaints page.
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