"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.94 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."

24Option CFD Broker Review 86

24Option is an award-winning CFD trading brokerage. CFD trading is available on multiple financial assets including Crypto, Forex, commodities, stocks, and indices. The company prides itself on maintaining solid relationships with clients, courtesy of professional customer support, more than 100 tradable underlyings and unfettered access to the financial markets. This UK CFD trading brokerage is one of the top operators in the industry.

Overview/Background

24Option began as a binary options trading enterprise but has since shifted its operations to a CFD broker. Within short order, 24Option became one of the leaders in the field, thanks to a range of peripheral services that the company offers clients. These include video on demand, daily news briefs, technical analysis, fundamental analysis, and webinars. Customer support is geared towards assisting traders every step of the way. As far as ownership, 24Option is operated by Rodeler Limited which is regulated by CySEC (Cyprus Securities and Exchange Commission). Additionally, the company is registered by various regulatory authorities in Europe. These include The Austrian Financial Market Authority, the Financial Supervision Commission of Bulgaria, the Croatian Financial Services Supervisory Agency, the Czech National Bank, the Danish FSA, the Federal Financial Supervisory Authority in Germany, and many others. It has been licensed with the following number 207/13 by CySEC and has full passporting rights to offer CFD trading services across Europe.

Account Types

There are several different types of trading accounts available at 24Option. These include a Basic account, a Silver account, a Gold account, a Platinum account, and a Diamond account. Each account comes with unique benefits, and traders will do well to get in touch with a customer service specialist for more information. 24Option also includes a demo trading account. It does not take long to register and verify an account, fund it, and start trading. The range of assets on all accounts include CFDs on Forex, stocks, indices, and commodities.

Trading Platform/Software

24Option uses the MT4 trading platform for all CFD trading options. MT4 offers full charting capabilities and complete analysis of all financial trades. Orders can be executed immediately and results are instantaneous. The MT4 platform can be downloaded for all browsers including Windows, Google Chrome, Mozilla Firefox, Internet Explorer, Safari, Android, and iOS devices.

Deposit Options

The deposit options include the following funding methods: Visa, Visa Electron, MasterCard, Discover, Sofort, Neteller, wire transfer, JCB, TrustPay, EPS, and many others.

Markets

Multiple markets are available for CFD traders. These derivative products cover a wide range of assets including currencies, commodities, stocks, and indices.

  • Currency Pairs:  EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/JPY, EUR/GBP, USD/CAD, AUD/USD, EUR/TRY and dozens of others.
  • Indices:  FTSE 100 futures, DAX 30, Dow Jones 30, NASDAQ 100, Ibex 35, CAC40, S&P 500, Nikkei 225, MIB 40, ASX 200, Bombay 30, South Africa 40, and others.
  • Commodities:  copper futures, platinum futures, silver, gold, crude oil futures, corn futures, coffee futures, XAU/JPY, sugar futures, XAU/EUR, and XAU/XAG.
  • Shares:  British Petroleum PLC, PetroChina, Vodafone, BMW, Barclays PLC, Samsung, Apple Inc., Google Inc., Royal Dutch Shell A, France Telecom, BBVA, Amazon, Nike, Citigroup, American Express, Facebook, JP Morgan Chase & Company, Exxon, BNP Paribas, McDonald’s, Sony, Tesco etc.

Customer Support

Client services can be reached by live chat, telephone, or email. Customer support representatives are available in multiple languages including English, French, German, Italian, Spanish, Russian, and Arabic.

Safety

All client funds are maintained in segregated accounts. As 24Option is a CySEC regulated broker, it is obliged to act in accordance with MiFID II requirements on safeguarding of client’s funds.

Ease-of-use

This CFD trading broker is easy to navigate. Opening an account does not take long , and all aspects of the trading platform can be accessed from the top of the screen. Mobile trading is also possible, and accessible from 24Option. Simply click on the AppStore or Google Play Store option for the download.

Final Thoughts

The range of tradable assets at 24Option is substantial. Traders will find a wide variety of commodities, currencies, indices, and currency pairs available to them. As a CFD trader, you can use 24option. The MT4 trading platform is internationally recognized as the gold standard and it has been tailored to the specs of the 24Option platform.

Pros

  • Several trading accounts
  • 23 funding options
  • Full mobile functionality
  • Multi-award-winning broker

Cons

  • Some clients on TrustPilot complain of high inactivity fees
  • Only clients from regulated jurisdictions can trade
24Option Overview
Website: www.24option.com
Regulation: CySEC
Assets offered: CFDs, Forex, Indices, Shares, Commodities
Minimum Deposit: €100
Deposit Options