24Option Review

Summary

Broker

Rating

Coins

Offer

Start Trading


24option_logo2

5 Star Rating

10


  • £100 Min. Deposit
  • Award Winning
  • Trading Incentives
  • Multiple Instruments

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Caution: Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognise that for factors outside your control you may lose all of the money in your trading account.

General Information

24Option has been growing significantly over the past couple of years and is an established and renowned finance company. Users can trade online without installing software or using a wallet, so they appeal to both inexperienced and professional cryptocurrency traders. 24Option has made a name for itself over the years as a reliable provider of CFD and FX products, and are authorised and regulated by the Cyprus Securities and Exchange Commission. It is very easy to buy cryptocurrencies with 24Option. New traders and beginners are sure to get accustomed to trading with 24Option in no time.

Platform

24Option has an intuitive & easy to use platform, catering for all devices. If you’re trading on your phone, they have an Android or IOS app for you. The platform is geared towards new traders as well as professionals. They place emphasis on education, providing a comprehensive library of V.O.D. seminars, webinars, daily news and analysis. 

Opening an Account

It is completely free to open an account. New customers have the choice of 5 different account models. These differ in minimum deposit amount, services provided, and trade conditions.  

You can open a basic account with a deposit of between €100 and €2,500. Users already have all trade functions at their disposal with this account type. Traders are additionally already assigned a personal account manager with a 24Option Basic account. All users of the broker can also take part in a free webinar once a week.

The Silver account (€2,500€-€25,000 deposit) additionally offers a free training in fundamental and chart analysis as well as trainings in short, mid, and long-term trading strategies.

Customers can open the popular Gold account by depositing between €25,000 and €100,000. In addition to the services provided to Basic and Silver customers, Gold customers also receive a personal introduction to MetaTrader4 (trading software). An additional training area is unlocked that can be used free of charge.

Tip: If you only intend to buy cryptocurrencies, the Basic account more than suffices.

Customer Service

Users can contact customer support round the clock on business days, either via email or by phone. Customers who want to learn more about online trading can take part in the training program. The program covers all fundaments of online trade, explaining the important trade tools, methods, and strategies as well as fundamental and technical analyses and the lever function. You will also have an account manager on hand to help you through anything you need.

Conclusion

Of all the trading platforms we’ve used, 24Option comes out on top with a 9.9 out of 10 Rating. Very easy for newcomers, and quick to deposit funds and get up and running. Opening an account is easy, and withdrawing funds does not incur commissions.

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