Basic Information & Regulation

24Option Was Established In 2008 And Is Headquartered In Cyprus. It Used To Be A Binary Option Broker And Now Provides Foreign Exchange And CFD Brokerage Services. 24Option Currently Holds A Retail Foreign Exchange License From The Belize International Financial Services Commission (regulation Number: IFSC/60/440/TS/17).

Security Analysis

24Option Is Subject To Offshore Regulation By Belize's IFSC, But It Should Be Noted That The Offshore Regulators Are Not Strict In Supervising Brokers, Which Means That Investors' Capital Safety And Trading Activities On The 24Option Platform Also Have Certain Risks To Avoid Losses In Capital.

Financial Instruments

24Option Provides Investors With 170 Financial Instruments, Mainly Including Foreign Exchange Currency Pairs, Precious Metals, Commodities, Indices, Contracts For Difference, Etc.

Accounts & Leverage

There Are Four Types Of Accounts Available For New Traders To Choose From On The 24Option Platform, Namely Basic Account (minimum Initial Deposit Is $100), Gold Account, Platinum Account And VIP Account. Leverage Information Is Not Yet Available.

Fees

24Option Basic Account Has A EUR-USD Spread Of 2.7 Pips, VIP Account Has A EUR-USD Spread Of 0.9 Pips, And The Other Two Accounts Have EUR-USD Spreads Between The Two. 24Option Also Charges A Monthly Account Maintenance Fee Of $10. In Addition, A Monthly Fee Of $80 Will Be Charged For Accounts That Are Inactive For Two Months, $120 After Three Months, And Up To $120 Per Month After Six Months.

Trading Platform

24Option Provides Traders With Several Trading Platform Options, Namely Internal Trading Platforms, Mobile Applications, And The Most Popular MT4 Trading Platform On The Market.

Deposit

24Option Allows Traders To Deposit And Withdraw Funds From Their Investment Accounts Through VISA/MasterCard Credit/debit Cards, Telegraphic Transfer, Skill, And Neteller Payment Methods. 24Option Has Higher Withdrawal Fees. Withdrawals Via Credit/debit Cards Will Be Charged 3.5%. Telegraphic Transfer Fees Vary By Currency And Are Approximately $30. Neteller Withdrawals Are Charged 3.5%. Withdrawals Via Skrill Are Charged 2%.

Advantages & Disadvantages

The Main Advantages Of 24Option Are:

1. Rich Trading Assets;

2. Four Trading Accounts Are Optional;

3. Minimum Account Opening Amount Is Acceptable;

4. Multiple Trading Platform Options;

5. A Range Of Teaching Resources;

The Main Disadvantages Of 24Option Are:

1. Offshore Supervision;

2. High Withdrawal Fees;

3. More Negative Comments;