24option Review

Website: www.24option.com
Regulation: CySEC, FCA, IFSC
Special Offer: Zero Commissions
Minimum Deposit: $100
Available Cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, Dash
Spreads From: $30
Max Leverage: 10:1
Deposit Options
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24Option.com is owned and operated by a Cypriot investment firm named Rodeler Limited. It is fully authorized to offer cryptocurrency trading, courtesy of CySEC (Cyprus Securities and Exchange Commission). The company sports the following license #207/13. As the official partner of Juventus Football Club, 24Option is a high profile financial trading entity with deep roots in the European Community. Clients can enjoy digital currency trading options on PC, Mac, iOS and Android devices. Among others, 24Option traders are privy to the security offered by the Investor Compensation Fund of CySEC, segregated accounts, and responsible trading conduct.

Company Information

24Option is fully operated by Rodeler Limited. The company is based in Limassol, Cyprus, and belongs to the same group of financial service entities comprising the 24Option umbrella brand of companies. Only clients within the EEA (European Economic Area) are legally allowed to trade cryptocurrency at 24Option. Countries that are excluded from this listing includes Switzerland and Belgium. The company does not offer financial services advice – it merely facilitates trading in contracts for difference for cryptocurrency and Forex.

How does 24Option work?

To get started at 24Option, traders are required to sign up. The registration process can be completed in minutes. Details that are required include first name/last name, email, telephone number, password, and confirmation that you are at least 18+ years of age. Once you submit your registration, you will be required to verify that via email. The uploading of certain documents to confirm your identity is mandatory, as stipulated by CySEC regulations. Once you are registered to trade, multiple options are available to you. These include a full spread of Forex pairs (major, minor, and exotic pairs) and contracts for difference (CFDs). The trading activity takes place on the world-famous MetaTrader 4 platform. It presents traders with real-time trading updates, immediate execution of trades, and a powerful suite of charting and analysis tools. MT4 can be downloaded instantly for Windows, Chrome, Firefox, Explorer, Safari android and iOS devices.

Who should use 24Option and why?

24Option is ideal for novices and professionals who would like to trade cryptocurrency as opposed to buying it. Clients get to enjoy comprehensive background information on cryptocurrencies, including how Bitcoin began. Other cryptocurrencies that are explored in depth include Litecoin, Dash, Ripple, and Ethereum. These fit into the top 6 cryptocurrencies by market capitalization.

24Option explores all the possibilities for clients who are interested in trading cryptocurrencies. The in-depth education center provides valuable data about CFD trading and crypto, and how to benefit from this volatile market. The benefits and pitfalls of cryptocurrency trading are listed, and clients get to enjoy leverage of 1:5. CFD cryptocurrency trading runs 24 hours a day, 5 days a week.

Exchange rates & fees

Cryptocurrency trading options are listed against the EUR, and the USD. These include BTC/EUR, BTC/USD, LTC/USD, DSH/USD, ETH/USD, XRP/USD etc. The bid and ask prices are generally tight with cryptocurrency trading, to give traders the best opportunity at profiting from this volatile market. As for the exchange rates and fees applicable to trading activity with 24Option and its parent company Rodeler Ltd, the following fees were published on Jan your 26 2018:

The company also has inactivity fees which are listed as follows:

The monthly maintenance fee for account is €10. There are no deposit fees charged to clients, there are no commission fees charged to clients, and there are no financing fees charged to clients.

Deposit Options for different locations

Cryptocurrency traders have multiple safe and secure deposit options available. These include the following UK banking options: Visa, MasterCard, Discover, Diners, Switch, JCB, Skrill, NETELLER, wire transfer. You can pick your preferred country and you will be presented with a different set of deposit options, based on what is prominent in that country/region. For example, Greece has paysafecard, while Bulgaria offers limited selections in Visa, MasterCard, Discover, Diners, Switch, and JCB.

How easy is it to use 24Option?

24Option is easy for new be traders and experienced professionals to navigate. This cryptocurrency brokerage lists the most pertinent information at the top of the homepage. This includes drop-down categories for trade, Forex/CFD, education, and legal. The sign-up process is self-explanatory, and the verification systems are designed for maximum security and minimum inconvenience. You can find all the cryptocurrency trading options listed under the trade tab at the top. They include Bitcoin, Ethereum, Litecoin, Dash, and Ripple.

Is 24Option safe & reliable?

24Option is 100% safe and secure since it is fully licensed to offer real money cryptocurrency trading courtesy of CySEC. The highest levels of security, encryption protocols and account verification procedures are in place at all times.

Trading platform/software

24Option.com provides quick and easy access to the financial markets from one place. You simply use MetaTrader 4 to access the financial markets and CFD trading options for cryptocurrency. Real-time results, instant trade executions, and powerful charting capabilities are yours to enjoy across Android and iOS devices, Mac and PC.

How long does it take to purchase bitcoin with 24Option?

Traders simply need to register an account online and navigate to the trade tab to see which cryptocurrency options like Bitcoin they would like to trade, based on call or put options. Call options are bullish trades where the trader expects the price of the cryptocurrency to rise by expiry, while put options are bearish trades with the trader expects the price of the cryptocurrency to fall. You will be required to login to start trading, but fortunately there are demo trading accounts available so that you can mimic market movements at zero risks.

24Option customer support

Customer support can be accessed via live chat, which is powered by Zendesk. Simply introduce yourself and enter your message and you will be chatting to a knowledgeable customer support representative. Other support options include email, and telephone. Traders can also follow 24Option on Facebook, Twitter, LinkedIn, and G +.

Special features

24Option offers powerful charting software with MT4 and access to 5 of the world’s leading digital currency options including Bitcoin, Ethereum, Dash, Litecoin, and Ripple. The inclusion of demo trading and mobile trading is especially useful for novices and traders with a constant eye on the markets.

Clients feedback

The recent inclusion of cryptocurrency trading has yet to be reviewed by clients.

Bottom line

This cryptocurrency brokerage offers a powerful set of tools and educational resources to help you understand digital currency trading. It is an established and respected entity, with transparent operations and tailored banking options for clients in the EEA. The risks and benefits of digital currency trading are presented to clients in no uncertain terms, lending further credibility to this company and its operations.

Final Thoughts
  • Major Cryptocurrency Trading Options
  • Full Licensing and Regulation with Cyprus Securities Exchange Commission/MIFID
  • Investor Compensation Fund Security for Traders
  • Segregated Accounts
  • MetaTrader 4 trading platform
  • Trading Activity Limited to EEA
  • Only 5 of 1,500+ Digital Currencies Are Available
  • FAQ section has limited number of questions
  • Trustpilot Reviews Are Negative
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