24Option is an Ex Top 2 Binary option Forex broker and they currently they only provide Forex, CFD, and cryptocurrency trading service.
- Multi-language website
- Reputable broker with 24/7 customer support
- Tight spreads
- Supports Cryptocurrencies like Bitcoin, Ethereum, Litcoin, Ripple, Dash
- Somewhat short Demo account period
- Known to have slight delayed when for quoting trades
Starting up on 24Option
To get started on 24Options, you will first needed to register an account. Once the account is registered , a minimum deposit of 250$ is needed for your first trade regardless of size however the minimum trade you can make is 24$. Deposits can be made with credit or debit cards, E-payments and wire transfers. E-payment accepted are quite big in varieties which include Moneta, giropay, Webmoney, Skrill, AstroPay, CashB and more. While for Wire-transfer, a minimum of 1000$ is required.
24Option is a reowned ex-top2 Binary Option broker operating since 2009, however currently they do no support Binary anymore. Regardless, they are still a verified and legal Forex Broker regulated by International Financial Services Commission (IFSC) in Belize under Richfield Capital Limited and the Cyprus Securities and Exchange Commission (CySEC) under Rodeler Limited. They are also one of the few brokers who provide 24/7 support service .
Trading in 24Option
One of the main service provided by 24Option is Binary Option however due to its nature of “gambling”, it has been prohibited by most of the nation which the service is discontinued on 24Option. Thus currently 24Option provides a variety of trading which include market stocks, commodities ,fiat currencies and Cryptocurrencies. Once you have registered and deposit the amount you wish to invest, you can start it directly on their website, or by downloading an integrated MT4 client from their website. The leverage they provide for Cryptocurrencies are up to 1: 100
Before reading our review, you should aware that Forex involves with very high risk investment and require very intensive planning. There are issues where some users reviewed that 24Option is a scam forex where they lost a large amount of investment without understanding such investment involved in very high risk.Otherwise , 24Option is indeed a regulated and legal broker firm but that does not protects you losing on an investment. Thus, please do exercise caution before investing to prevent any big losses.