24Option, created in 2008 to trade only in binary options, has now widened its trade business remarkably. The firm has established its head office in Cyprus, and trades in forex and CFDs. Entering the forex trade market has proven to be a stepping stone in the career of the firm. As a result, it has completely foregone binary trade and now deals centrally in CFD and forex trade.

Richfield Capital Limited, an investment firm in Belize, operates the website of 24Option. The company also allows non-European traders to trade with 24Option.

Company Reputation And Licensing

24Option has a long-standing and trustworthy reputation. The company’s decision to move into the forex and remove binary has further contributed to its image in the trade market.
Two agencies regulate and license 24Option:

CySEC

Cyprus Security Exchange Commission regulates 24Option for its European operations, under the license no. 207/13. The license is issued to Rodeler Ltd.

IFSC, Belize

For all the trades outside of Europe, 24Option is regulated by the International Financial Services Commission under the license no. IFSC/60/440/TS/15-16. The authorization is registered under the name of Richfield Capital Limited.

Trading Platforms

24Option initially used a binary options trading platform to support the trade of its binaries. However, having removed the binary platform, 24Option currently offers two platforms for its traders.

Scipio

Scipio is a propriety platform that offers CFDs and forex trading services. It is easy to use and helps the beginners to understand trade better.

MT4

Meta Trade 4 is one of the most popular platforms used by many trading brokerages around the globe. The platform offers a wide range of tools and options to trade spot-on.

Trading Accounts

24Option offers four trading accounts for its traders, in addition to the demo account. These accounts offer varying features and spreads, providing the traders with the flexibility to choose the account that serves their trading needs the best.
All the trading accounts, except the demo account, are chargeable. To open any of the four accounts, you need to make a payment of $100.

Demo Account

The demo account is designed as a trial account that helps beginners get acquainted with the features of trading free of cost. Through a demo account, traders can improve or polish their skills without losing money.

Basic Account

The basic account is suitable for traders who are just entering the trade market. It offers one basic lesson and doesn’t have access to the webinars.
The spreads in this account are the highest:
EUR/ USD – 2.7 pips
GBP/ USD – 3.2 pips
Crude oil – $0.07
Gold – $0.6

Gold Account

Traders who have outgrown the basic account buy the gold account. It offers two basic lessons and provides 1-month access to the webinars.
The spreads in this account are comparatively lower than the basic account:
EUR/ USD – 1.8 pips
GBP/ USD – 2.5 pips
Crude oil – $0.05
Gold – $0.5

Platinum Account

The platinum account is for the seasoned traders, who are well-acquainted with the trade market. It offers three advance lessons and provides 3-months access to the webinars.
The spreads in this account are even lower than the gold account:
EUR/ USD – 1.4 pips
GBP/ USD – 1.9 pips
Crude oil – $0.04
Gold – $0.4

VIP Account

VIP account is for the professional traders of the market. It offers five advanced lessons and provides access to 5-months of webinars.
The spreads of this account are the lowest:
EUR/ USD – 0.9 pips
GBP/ USD – 1.4 pips
Crude oil – $0.03
Gold – $0.3

Mobile App

24Option has also launched its mobile app that runs on both android and iOS devices (tablets and mobile phones). Traders can easily find the app in the Google Play Store on Android devices, or the App Store if they’re iOS users.
The app has a responsive interface and includes all the important management options from the website. The app is very handy for the professional traders who must always have an eye on the movements of the trade market.

Deposit And Withdrawal

You can open an account on 24Option by making a payment of $100. After that, the first deposit you make needs to be a minimum of $250.
Deposits and withdrawals at 24Option are made very convenient through the following methods:
• VISA
• Mastercard
• Bank wire transfer
• Discover
• Diners
• Neteller
• Skrill
• JCB
• Switch
Any withdrawal you make from 24Option will take the standard time once your request is processed.

Assets

24Option features more than 130 types of assets to provide the best trading experience for its traders.
These assets include:
• 34 pairs of currencies
• 25 market indices
• 11 types of commodities
• 61 stock companies

Bonuses and Promos

24Option offered a signup bonus before 2007. However, the recent memos of the company prohibit it from giving out any bonus.

Customer Support

24Option provides a prompt and super-active customer support service to guide its traders through any difficulties they might face in trading. To ensure that no customer goes unattended, the services at 24Option run tirelessly 24 hours of the days, all seven days of the week.
Traders can communicate with the customer executive via call, email, and live chat.
24Option provides localized support in the following countries:
• United Arab Emirates
• Ukraine
• Singapore
• Saudi Arabia
• Russia
• Peru
• New Zealand
• Malaysia
• Mexico
• Chile
• Columbia
• Brazil
• Belize

Accepted Countries

Following is the list of the countries which are accepted by 24Option:
• Qatar
• Luxembourg
• South Africa
• Hong Kong
• Thailand
• Singapore
• United Arab Emirates
• Kuwait
• Saudi Arabia
• New Zealand
• Columbia
• Belize and many other countries

The countries whose trade is not yet accepted at 24Option are as follows:
• United States
• United Kingdom
• India
• Switzerland
• Nigeria
• Bosnia and Herzegovina
• Japan
• Australia
• Israel
• France
• Canada
• Belgium
• Iran
• China
• Brazil
• Norway
• Denmark
• Italy
• Spain
• Sweden
• Germany

Final Verdict

To sum up the review, 24Option is a trusted name in the trade market and has come a long way to live up to its reputation. The company is ever-evolving and has great potential for growth in the future.
24Option offers a variety of trading platforms alongside the mobile app, as well as four different types of trading accounts to accommodate the varying needs of all traders. The availability of a large variety of assets and instruments further adds to its features.
Along with its easy payment methods, low spreads, and active customer service, 24Option offers one of the best online trade marketing options to all kinds of traders. If you’re looking, start a career in trade marketing, 24Option is your best shot at it.

FAQs

Q. Is 24Option an authentic trade firm?
Yes, 24Option is entirely authentic. It is regulated by two different agencies. One licenses its trade in the European countries, whereas the other authorizes the trade outside Europe:
• Cyprus Security Exchange Commission has issued the license in the name of Rodeler Ltd.
• International Financial Services Commission, Belize, authorizes registration to Richfield Capital Limited.

Q. What are the different trading accounts offered by 24Option?

24Option offers four trading accounts for its traders, in addition to the demo account. These accounts offer varying features and spreads, providing the traders with the flexibility to choose the account that serves their trading needs the best.
These accounts are as follows:
• Basic Account
• Gold Account
• Platinum Account
• VIP Account

Q. What will I be charged for opening a live trading account in 24Option?

To open a live trading account in 24Option, you need to make a payment of $100.

Q. Which payment methods are used at 24Option for making deposits and withdrawals?

Deposits and withdrawals at 24Option are made very convenient through the following methods:
• VISA
• Mastercard
• Bank wire transfer
• Discover
• Diners
• Neteller
• Skrill
• JCB
• Switch
Your first deposit at 24Option should be a minimum of $250.

Q. What are the features of the Basic Account in 24Option?

The basic account is suitable for traders who are just entering the trade market. It offers one basic lesson and doesn’t have access to the webinars.
The spreads in this account are the highest:
EUR/ USD – 2.7 pips
GBP/ USD – 3.2 pips
Crude oil – $0.07
Gold – $0.6

Q. What are the features of the VIP Account in 24Option?

VIP account is for the professional traders of the market. It offers five advanced lessons and provides access to 5-months of webinars.
The spreads of this account are the lowest:
EUR/ USD – 0.9 pips
GBP/ USD – 1.4 pips
Crude oil – $0.03
Gold – $0.3

Q. Does 24Option still offer binary trade-in options?

No, 24Option does not offer a trade-in binaries anymore. It currently offers trade-in CFDs and forex trade.

Q. From which all countries can I invest in 24Option?

Following is the list of countries whose trade is not accepted in 24Option:
• United States
• United Kingdom
• India
• Switzerland
• Nigeria
• Bosnia and Herzegovina
• Japan
• Australia
• Israel
• France
• Canada
• Belgium
• Iran
• China
• Brazil
• Norway
• Denmark
• Italy
• Spain
• Sweden
• Germany

Q. 24Option allows non-European trade under which firm?

24Option allows non-European trade under Richfield Capital Limited, Belize.