English

24option foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.24option.com/international/, about the company's legal and temporary regulatory information, the company's address No. 5 Cork STreeT, P. O. Box 1708, BELIZE CITY, Belize C.A..

24option Forex Broker

No Regulation

Rating Index

This rating is sourced from logo

Company profile

Note: 24options official site - https://www.24option.com/international/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Information Registered Country/Region Belize Found 2008 Regulation Suspicious clone Market Instrument Forex currency pairs, precious metals, commodities, indices, CFDs, etc Account Type Basic, Gold, Platinum and VIP Demo Account N/A Maximum Leverage 1:500 Spread Vary on the account type Commission N/A Trading Platform MT4 Minimum Deposit $250 Deposit & Withdrawal Method VISA/MasterCard credit/debit cards, wire transfers, Skrill, and Neteller 24option, a trading name of Richfield Capital Limited, was previously a binary options broker founded in 2008 and registered in Belize, but now offers Forex and CFD brokerage services. As for regulation, 24option holds a suspicious clone Financial Services Commission (FSC) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.52/10. Please be aware of the risk. Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments 24option offers investors various financial instruments, including Forex currency pairs, precious metals, commodities, indices, CFDs, etc. Account Types There are four types of accounts available on the 24option platform: Basic (minimum initial deposit of $250), Gold (minimum initial deposit of $25,000), Platinum (minimum initial deposit of $100,000), and the VIP account(minimum initial deposit of $250,000). In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage Concerning the trading leverage level available, the maximum leverage offered by 24option is up to 1:500. Inexperienced traders are advised not to use a high leverage level as it is risky. Spreads All spreads with 24option are a floating type and scaled with the accounts offered. Just take the benchmark EUR/USD pair as an example, the spread starts from 2.5 pips on the Basic account, from 2 pips on the Gold account, from 1.6 pips on the Platinum account and 1.1 pips on the VIP account. Trading Platform 24option offers traders several trading platform options: an in-house trading platform, the mobile app, and the MT4 trading platform, which is currently the most popular on the market. Deposit & Withdrawal 24option supports traders to deposit and withdraw funds from their investment accounts via VISA/MasterCard credit/debit cards, wire transfers, Skrill, and Neteller. 24option has a high withdrawal fee of 3.5% for withdrawals via credit/debit card. The wire transfer fee varies by currency and is approximately $30. Neteller charges 3.5% for withdrawals and 2% for withdrawals via Skrill. Customer Support Customer support at 24option is provided on a 24/7 basis. Traders can reach the support team through email: info@24option.com, live chat or the telephone: +52-5541639019. Pros & Cons Pros Cons • Multiple tradable assets, account types and funding options • Suspicious clone • MT4 supported • Website inaccessible • High minimum deposit requirement ($250) Frequently Asked Questions (FAQs) Q 1: Is 24option regulated？ A 1: No. 24option holds a suspicious clone Financial Services Commission (FSC) license. Q 2: Does 24option offer the industry-standard MT4 & MT5？ A 2: Yes. 24option supports MT4. Q 3: What is the minimum deposit for 24option？ A 3: The minimum initial deposit to open an account is $250. Q 4: Is 24option a good broker for beginners？ A 4: No. 24option is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit requirement.

24option broker review

Is 24option safe or scam

How to login to 24option?

24option Similar Brokers

Latest Reviews

Pros

Wide range of trading options including forex, CFDs, and cryptocurrencies.

User-friendly trading platforms, including the popular MetaTrader 4 and a proprietary platform.

Strong educational resources and customer support available in multiple languages.

Cons

High maintenance and withdrawal fees that can impact profitability.

Limited access to certain markets, with restrictions for traders from the US and Australia.

Negative reputation due to regulatory issues and complaints regarding withdrawal processes.

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

Richfield Capital Limited

Abbreviation

24option

Company employee

Customer Service Email Address

info@24option.com

Contact Number

+52-5541639019

Company Website

https://www.24option.com/international/

Company Address

No. 5 Cork STreeT, P. O. Box 1708, BELIZE CITY, Belize C.A.

Facebook

https://www.facebook.com/24optioncom/

How to login to 24option?

24option Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a 24option Account Creating a 24option account is a straightforward process designed to get you trading in no time. Follow these detailed steps for a successful registration: Step 1: Accessing the Registration Page Begin by visiting the official 24option website. Look for the "Open Account" button typically located at the top right corner of the homepage. Click on it to proceed to the registration form. Step 2: Filling in Required Information You will be presented with a registration form that requires basic information. Fill out the following fields: Personal Information: Name, email address, phone number, and date of birth. Account Information: Choose a unique username, password, and the base currency for your account (note that this choice cannot be changed later). Step 3: Email/Phone Verification After submitting your registration form, check your email for a verification link. Click on this link to confirm your email address. You may also receive a verification code via SMS, which you will need to enter on the website to complete this step. Step 4: Identity Verification (if required) Depending on your jurisdiction, you may need to verify your identity before you can start trading. This process may involve submitting a government-issued ID and proof of address. Ensure that all documents are clear and legible. Step 5: Registration Confirmation Once your email and identity are verified, you will receive a confirmation message. You can then log in to your account using your username and password. Common Registration Issues and Solutions Some users may encounter issues during registration. Common problems include: Verification Email Not Received: Check your spam/junk folder. If its not there, try resending the verification email. Username Already Taken: Choose a different username if your first choice is unavailable. Identity Verification Delays: Ensure all submitted documents are accurate and clear. Contact customer support for assistance if delays occur. Regional Differences in Registration While 24option is accessible in many countries, some regions face restrictions due to regulatory compliance. For example, residents from the USA may not be able to register. Always check the website for specific regional regulations before attempting to sign up. Part Two: Account Opening Process 24option Account Opening Detailed Guide Once you have registered, the next step is to open your trading account. Understanding the difference between registration and account opening is crucial. Registration is merely creating your account, while account opening involves selecting account types and funding your account. Preparation Work Before Account Opening Before you can open your account, ensure that you have: Completed the registration process. Verified your email and identity if required. Prepared any necessary documents for account verification. Detailed Account Opening Steps Step 1: Selecting Account Type 24option offers various account types, including Standard, Gold, Platinum, and Diamond accounts. Choose the one that best suits your trading needs based on the minimum deposit and features offered. Step 2: Submitting Required Documents After selecting your account type, you may need to upload documents for verification. This typically includes a government-issued ID and proof of address. Ensure that all documents meet the required standards. Step 3: Account Review Process Once documents are submitted, the 24option team will review them. This process can take anywhere from a few hours to several days, depending on the volume of applications. Step 4: Account Activation Upon successful review, you will receive an email confirming that your account is activated. This will allow you to deposit funds and start trading. Step 5: Initial Setup After activation, log in to your account and set up your trading preferences. This includes configuring your trading platform and setting up payment methods for deposits and withdrawals. Frequently Asked Questions About Account Opening How long does the account opening process take？ Typically, it can take a few hours to a couple of days, depending on the verification process. Can I open a demo account？ Yes, but it may require a minimum deposit. Follow the instructions provided during registration. Next Steps After Opening an Account Once your account is open, consider funding it and exploring the trading platform. Familiarize yourself with the tools available, and consider starting with a demo account if you're new to trading. Part Three: Login Guide 24option Login Process Explained Accessing your 24option account is simple. Heres how to log in effectively: Step 1: Go to the Login Page Visit the official 24option website. Look for the "Login" button typically located at the top right corner of the homepage. Step 2: Enter Your Username and Password Input your registered username and password into the respective fields. Remember, 24option requires a username rather than an email address for login. Step 3: Two-Factor Authentication (if enabled) If you have enabled two-factor authentication, you will need to enter the code sent to your registered mobile device. Step 4: Click on Login Once all information is entered, click the "Login" button to access your account. Step 5: Troubleshooting Login Issues If you encounter issues logging in, check your username and password for accuracy. If youve forgotten your password, use the "Forgot Password？" link to reset it. Mobile App Login Process If you prefer trading on the go, 24option offers a mobile app. The login process is similar: Open the app and tap on the login screen. Enter your username and password. Complete any two-factor authentication if required. Other Login Methods Currently, 24option does not support third-party logins or Single Sign-On (SSO) methods. Users must log in using their registered credentials. Common Login Issues and Solutions Forgotten Password: Click on the "Forgot Password？" link on the login page and follow the instructions to reset it. Account Lockout: If you enter incorrect credentials multiple times, your account may be temporarily locked. Wait a few minutes or contact customer support for assistance. Technical Issues: Ensure your internet connection is stable. If problems persist, try clearing your browser cache or using a different browser. Overview of Features After Login Once logged in, you can access your trading dashboard, view account balances, and start trading. The platform provides various tools and resources to help you maximize your trading potential. Additional Sections Account Security Recommendations To keep your 24option account secure: Use a strong, unique password. Enable two-factor authentication. Regularly monitor your account for unauthorized activity. Best Practices for Account Management Regularly update your personal information if it changes. Keep track of your trading performance and adjust strategies accordingly. Stay informed about market trends and news. How to Get Technical Support If you encounter any issues or have questions, 24option provides customer support through: Live Chat: Available on their website. Email: Reach out to their support team via the provided email address. Phone: For urgent inquiries, call the customer support number listed on their site. This comprehensive guide should equip you with all the necessary information to navigate the 24option registration, account opening, and login processes effectively. For further detailed inquiries, always refer to the official 24option website or contact their support team directly.

View details

24option Forex Broker - Complete Information Guide

1. Broker Overview

24option is a prominent online trading platform that was established in 2008. The company is owned and operated by Rodeler Limited, a Cyprus-based investment firm. Its headquarters are located at 39 Kolonakiou Street, Frema Plaza, First Floor, Ayios Athanasios, Limassol, Cyprus. 24option operates privately and has gained recognition in the financial trading community for its diverse range of trading services.

Initially, 24option began as a binary options broker, but it has since transitioned to focus on forex and CFD trading. This shift was part of a broader industry trend as binary options faced increased scrutiny and regulatory challenges. The firm has evolved significantly since its inception, marking several milestones along the way, including obtaining regulatory licenses from the Cyprus Securities and Exchange Commission (CySEC), which has allowed it to operate within the European Union.

The primary market served by 24option includes retail traders seeking access to forex, CFDs, and cryptocurrencies. The broker's business model centers around providing a user-friendly trading experience with a focus on education, market analysis, and customer support. As a result, 24option broker has positioned itself as a reliable platform for traders looking to engage in the financial markets.

2. Regulatory and Compliance Information

24option operates under the regulatory oversight of two key authorities. Within the European Union, it is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding the license number 207/13. For clients outside the EU, the broker is also registered with the International Financial Services Commission (IFSC) of Belize, under the license number IFSC/60/440/TS/18.

The licenses granted to 24option ensure that it adheres to stringent regulatory standards, which include the safeguarding of client funds in segregated accounts. This regulatory framework is designed to protect traders in the event of insolvency, as the broker participates in an Investor Compensation Fund (ICF) that provides compensation of up to €20,000 for eligible clients.

To comply with international standards, 24option implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. These policies require clients to verify their identity and provide documentation to prevent fraudulent activities and ensure a secure trading environment.

3. Trading Products and Services

24option offers a diverse array of trading products to cater to different trading preferences. The broker provides access to over 45 currency pairs, including major pairs such as EUR/USD, GBP/USD, and USD/JPY. In addition to forex, 24option also offers a variety of CFD products, which encompass categories such as:

Indices: Major global indices including the Dow Jones, FTSE 100, and DAX.
Commodities: Popular commodities like gold, silver, crude oil, and agricultural products.
Stocks: CFDs on shares from over 160 individual companies, allowing traders to speculate on stock price movements.
Cryptocurrencies: A selection of cryptocurrency pairs, including Bitcoin, Ethereum, and others.

The broker continuously updates its product offerings, responding to market demands and trends. This adaptability has enabled 24option broker to maintain its competitive edge in the evolving trading landscape.

Retail trading services are a primary focus, but the firm also caters to institutional clients through tailored solutions. However, specific details regarding institutional services and white-label solutions are not extensively covered in publicly available resources.

4. Trading Platform and Technology

24option provides its clients with access to two primary trading platforms: MetaTrader 4 (MT4) and its proprietary platform known as Scipio. The MT4 platform is widely recognized in the industry for its advanced charting capabilities, technical analysis tools, and automated trading options.

The proprietary platform, Scipio, offers a user-friendly interface designed to enhance the trading experience. It includes features such as customizable charts, a trader sentiment bar, and a variety of order types. Both platforms support seamless trading across various devices, including desktop and mobile.

The mobile application is available for both iOS and Android devices, providing users with the flexibility to trade on the go. The app retains most functionalities of the desktop version, allowing traders to manage their accounts, execute trades, and access market updates efficiently.

Execution modes for trades are primarily market execution, ensuring that orders are filled at the best available prices. The broker's infrastructure is built to support high-speed trading, although specific details regarding server locations and technical specifications are not disclosed.

5. Account Types and Trading Conditions

24option offers a variety of account types to accommodate the needs of different traders. The available accounts include:

Basic Account: Minimum deposit of $250, with spreads starting from 2.5 pips.
Gold Account: Requires a deposit of $5,000, offering tighter spreads and additional educational resources.
Platinum Account: A deposit of $10,000 is necessary, providing enhanced trading conditions and benefits.
VIP Account: Tailored for high-volume traders, this account requires a minimum deposit of $50,000 and offers the best trading terms.

Each account type allows for varying levels of leverage, with retail clients typically subject to a maximum leverage of 1:30 in compliance with EU regulations. The minimum trade size starts from 0.01 lots, and overnight fees may apply, depending on the position held.

24option also provides a demo account for new traders, allowing them to practice trading strategies without financial risk. This feature is essential for those who want to familiarize themselves with the platform before committing real funds.

6. Fund Management

24option supports a range of deposit and withdrawal methods to facilitate transactions for its clients. Accepted deposit methods include:

Bank Transfers
Credit/Debit Cards
E-Wallets such as Skrill, Neteller, Perfect Money, and others.

The minimum deposit requirement varies by account type, with the basic account starting at $250. Deposits are typically processed quickly, allowing traders to access their funds almost immediately.

Withdrawal methods mirror those of deposits, with funds being returned to the original source used for deposit. The processing time for withdrawals is generally 3 business days, although this may vary based on the payment method chosen. Withdrawal fees may apply, particularly for accounts other than the VIP account, which offers unlimited free withdrawals.

Inactivity fees are also in place, with charges incurred after periods of inactivity, potentially reaching up to €200 after six months.

7. Customer Support and Educational Resources

24option provides comprehensive customer support through various channels, including:

Phone Support: Available in multiple countries.
Email Support: Responding to inquiries efficiently.
Live Chat: Offering real-time assistance during business hours.

Customer support operates 24/5, ensuring that traders can receive help whenever needed. The support is multilingual, catering to a diverse clientele.

In terms of educational resources, 24option excels by offering a wide range of materials, including:

Webinars: Covering both basic and advanced trading topics.
Video Tutorials: Explaining trading concepts and strategies.
Market Analysis: Daily updates and insights to help traders make informed decisions.

Additionally, the broker provides various trading tools, such as pip calculators and economic calendars, to assist traders in their trading endeavors.

8. Regional Coverage and Restrictions

24option primarily serves clients in various regions, including Europe, Asia, and parts of Africa. The broker has established a strong presence in these markets, providing localized support and services.

However, there are specific countries from which 24option does not accept clients, including:

United States
Canada
Australia
Belgium
France
China
Iran

These restrictions are in place due to regulatory compliance and legal considerations. Additionally, the broker may have specific limitations based on local laws and regulations, ensuring that its operations remain within legal boundaries.

In summary, 24option broker has established itself as a significant player in the forex and CFD trading space, offering a range of products, robust regulatory compliance, and a commitment to customer education and support.

Latest Reviews

FX1524146267

Mexico

I’m very disappointed that they sole my money!

Exposure

2020-08-31

Jhon Wick

Mexico

I lost all my money $4,000 for they making the app slag. You think it's your fault but it isn't.

Exposure

2020-10-18

FX1864162277

South Africa

From September 2020 I have deposited $10000 without receiving any payout. Everytime I want to withdraw, a new fee or activation fee is required. Will it be possible to get my money back? Please help?

Exposure

2021-01-12

FX1479526564

South Africa

I wouldn't recommend 24option to anyone looking for a trustworthy broker. Their minimum deposit requirement of 250 dollars is quite high compared to other brokers in the market. The only thing that seems attractive is their leverage of up to 1:500, but that's just asking for trouble if you're not an experienced trader. But the thing that really rubbed me the wrong way is their withdrawal fee, which is way too high!! I think there are much better options out there.

37130

2023-04-24

鹿行川

Taiwan

I would like to draw the attention of the public to the scam 24option is committing. Please stay clear and save yourself as they’ve already been flagged.

Positive

2023-02-14

FX2529096758

South Africa

Hi my name is Sithabiso Mhlakoana from South Africa. In 2017 I was scammed by different brokers of a lot of money totalling to more than $8000. Most of the funds were paid online through my bank card. I do have proof of payments for all transactions including some of our conversations with them as I was trying to demand my money back. In some instances I was making some profits after trading, but when I wanted to make withdrawals they would refuse to process them until they block any means

Exposure

2021-10-20

24option

News

Exposure 24option Scam? Uncover Warnings & Regulation Failures

Is 24option a safe broker? Our 24option review exposes critical issues, failed regulation, and withdrawal problems. Avoid 24option Forex risks now!

Exposure 24option Review: Is it Legit or a Scam? Find Out in This In-depth Investigation

Contemplating 24option as your forex trading companion? Want to explore its trading platforms? We appreciate your interest! But how about knowing the Hong Kong-based forex broker and its different aspects, such as withdrawals and deposits. More specifically, if we have to say, what’s the feedback of traders concerning 24option? Are they happy trading with the broker? From a healthy collection of over 200 reviews, the broker is found to be a SCAM! Many traders have expressed concerns over the illegitimate trading approach adopted by the broker. In the 24option review article, we have explored many complaints against the broker.

News WikiFX - Alert: Beware of Belize FSC-Licensed Broker 24Option

Financial losses are part of forex trading, but falling prey to scammers is devastating.

News WIKIFX REPORT: FSCA warns the public against Invest Markets and 24Option.com

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Invest Markets and 24Option.com which are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

News WIKIFX REPORT: 24Option Owner Fined By Dutch Regulators

Rodeler Limited, the company behind 24option.com, has been fined €15k for failing to comply with an investigation by the Dutch financial supervisory authority. The regulator decided not to impose the maximum penalty of €2 million, citing the company’s current financial condition. Read on for the details.

News Israeli, German police zero in on alleged scammers behind 24Option investment site

Employees arrested and real estate, luxury cars and jewelry seized in connection with Israeli-owned site accused of bilking people out of millions of euros

24option Forex Broker has an overall rating of 1.61, Regulatory Index 0.00, License Index 0.00, Business Index 7.78, Software Index 4.00 Risk Control Index 0.00.

Forex >

Forex Broker >

24option

Best brokers

24option Forex Broker

Rating Index

Company profile

24option Similar Brokers

Latest Reviews

Basic Information

24option Forex Broker - Complete Information Guide

1. Broker Overview

2. Regulatory and Compliance Information

3. Trading Products and Services

4. Trading Platform and Technology

5. Account Types and Trading Conditions

6. Fund Management

7. Customer Support and Educational Resources

8. Regional Coverage and Restrictions

24option Similar Brokers

Latest Reviews

24option

News