24option Review

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  • There are no Limits to Withdrawal for a trader
  • Minimum Deposit of $250
  • Web Trader and MT4
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Overview

24Option is one of the most popular CFD/Forex brokers to offer Bitcoin trading on its platform. A property of Rodeler Ltd, the broker firm was founded in 2009 and is based out of Cyprus. 24Option provides their customers with Scipio platform and MT4 to trade CFD’s on variable underlying assets.

. 24Option offers most pairs of currency accessible for trading. Investors may also find mini cfds and full size on several popular crypto-currencies such as Ethereum, Bitcoin, Dash, and Litecoin.

The broker’s popularity can be linked to its wide variety of deposit options worldwide. International traders have the luxury to pick from Webmoney, Qiwi, Sofort, Skrill, and AstroPay among others. While a new account requires a minimum deposit of $250, the trade minimum deposit sits at 0.01 lot.

 

Benefits

24Option offers an innovative platform for the web which has shown consistent growth since its inception. It delivers the simplest and proper tools to investors for trade options along with an intuitive UI (user interface). Trading process is pretty simple to comprehend and the availability of the live charts right from the underlying asset is a boon for investors.

In order to examine an underlying asset, all a trader needs to do is click on the asset and a small pop-out window will show the required information from sources such as Yahoo, instead of having to search on a separate tab.

Quite simply, 24Options is one of the best options out there for brokers dealing in CFDs and FX trading. Working on its core features since its foundation has worked wonders for the firm. It has also consistently strived to be better at what it does. A redesign and an updated set of underlying assets seem to point at an unwavering conviction towards its ambitions.

Apart from being a master of their trade, 24Option offers a great customer service. This, in addition to regulation, makes 24Option the correct option for trading.

 

Features

24Option uses Web Trader and MT4 (Meta Trader 4) as its trading software package. The platform is highly secure and presents no difficulty in usage, even to new traders. The platform has maintained a visually pleasing interface for users and an assortment of features for traders to do what they do best: trading.

Initially, 24Option had partnered with Tech Financials to deliver the trading platform, but sadly that association is no more. Now, the firm uses a proprietary platform named Scipio which offers a richer experience and allows them to roll out quicker updates, new features, and other changes.

The salient features of the platform are trading accounts, deposits and withdrawals, assets, and customer support. The platform offers five trading accounts: Basic, Silver, Gold, Platinum and Diamond. The type of trading account is determined by the amount deposited with the platform.

There are no limits to withdrawal for a trader. However, there is a minimum amount set for withdrawals done via wire transfers. Traders need to withdraw a minimum of 100 Pounds, Dollars, or Euros.

 

Cfd Trade

CFD trading is a relatively new concept that is evolving to be more than just a popular trend. The major differentiating factor between CFDs and Binary Options is the amount of leeway that you get with the former. With CFD trading, your trade can stay open until you wish to close it.

24Option retains the top spot in CFD trading by delivering a polished and neat web experience that feels almost custom-built for CFDs. 24Option offers Meta Trader 4 platform for trading CFDs and FX. MT4 is one of the most advanced technical charting packages, but 24Option allows traders to directly conduct their CFD trade on the platform. This makes 24Option all the more desirable as a platform.

 

Forex Trade

The trading firm added its forex trading facilities recently. The platform offers a maximum leverage of 400. However, there are restrictions applied on trading of some pairs of currencies. 24Option enables its users to deal with most major trading currencies such as EUR, JPY, AUD, and GBP among others.

24Option doesn’t charge its customers commission for forex trading, instead opting to rely on increasing the dealer spread of a currency pair’s to compensate. It stands tall amongst competition here.

 

Crypto Trade

24Option allows for the trade of major crypto-currencies on the platform, providing traders with the opportunity of trading on their crypto-currencies at any point in time via MT4 or Scipio. The trade can be made on the web or via its durable mobile applications available for Android and iOS.

 

Social Trade

Account Type

Minimum Spreads (pips)

Basic Account

7 pips (Exotic), 4 pips (Minors), and 3 pips (Majors)

Silver Account

7 pips (Exotic), 4 pips (Minors), and 3 pips (Majors)

Gold Account

7 pips (Exotic),3 pips (Minors), and 2 pips (Majors)

Platinum Account

7 pips (Exotic), 2.5 pips (Minors), and 1.5 pips (Majors)

Diamond Account

7 pips (Exotic), 2.5 pips (Minors), and 1.5 pips (Majors)

 

Commission

24Option also offers a 24-hour live chat customer service facility in several languages, including EN, FR, DE, IT, ES, RU, AR. Their proprietary platform is translated in over 10 international languages. Their service is excellent and extremely helpful in almost every regard.

 

Support

 

Conclusion

24Option is a unique and state-of-the-art trading platform that exceeds expectations in every way possible. Its wide range of trading facilities, sturdy and secure platform, a wide range of tradable assets, and an incredible customer service make 24Option the perfect trading platform for the traders. However, the company does not have a presence in the US and, thus, users there will not be able to use the platform.

The platform itself is delightful to use due to the great interface it provides as well as how seamless the service seems. The limitless withdrawals, educational tools and programs for beginners, and the fact that it is regulated makes it a much sweeter experience. It’s a platform you just cannot afford to miss as a trader

 


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Terms may change frequently, and despite our best efforts it is possible that some information may be out of date, therefore we recommend consulting the provider's official website for exact pricing. To maintain this website as a free resource, we utilize links that provide us with compensation for referring you.

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