Our 24option review will grant you a successful, safe and secure trading experience. The provider 24option is so far one of the best-known CFD Brokers. 24option is now increasingly offering products in the area of Contracts for Difference (CFD) and Forex.
The reason for this lies in the now stricter rules for binary options in Cyprus. CySec controls the market there.
24option experiences – starting the trading. Skip to content
Immediately after logging in at 24option, customers can choose between five different account models. The minimum payment is EUR 250.00. In forex trading and CFD trading, the individual account models differ in terms of their respective spreads. At 24option, you can switch to a higher tier account.
In the forex trading area of 24option, as a start 48 currency pairs are available. These include well-known pairs such as EUR / USD and USD / CHF. 24option offers spreads between 1.5 and 3 pips for the most heavily traded currencies.
In CFD trading at 24option, traders should be able to bet on a variety of national and international stocks. Indices such as DAX30 or US30 are used as a basis, as are commodities such as gold or silver. 24option uses the MetaTrader 4 trading platform. You can install it onto your computer.
24Option – CFD Trading
The provider 24Option was – until before he switched to CFD and Forex trading – one of the best known binary options traders. According to the 24Option website, The site operator is Rodeler Limited. They are registered in Cyprus – where the company’s headquarters location.
24option bitcoin – trading in cryptocurrency
In addition to the currencies already mentioned, 24option also offers CFDs for cryptocurrencies. This online broker was among the first to provide this option. The following digital currencies are open for trading at 24option:
Beside it is a portal to best CFDs, 24option offers so-called “training courses” on the subject of cryptocurrencies., so that their customers can trade “with greater confidence”.
Trading cryptocurrency CFDs is by no means invulnerable.
The value of digital currencies usually changes very quickly. For this reason,
Here we introduce the growing popularity of digital currencies. However, we warn our clients that there are some potential risks involved in trading virtual currency CFDs – the main one is inherent volatility.
The value of virtual currencies can fluctuate sharply (they are highly volatile) and can lead to significant losses in a short time.
Such products are complex and involve high risks, and therefore lead to a high risk of losing your entire balance.
Trading these products is not covered by any European legal framework and is outside of the company’s regulated activities, which is regulated by the EU Markets and Financial Instruments Directive (MiFID).
These products are not suitable for all investors. Therefore you should not trade such products until you have adequate knowledge and experience and fully understand the specific properties and risks associated with them.
Trading in these products does not give you any protection from the Investor Compensation Fund (ICF).
24option payout –
fThe stated goal of 24option is to offer the most intuitive system for newbies and professionals. Accordingly, the trading platform is easy to use. The trading program is web-based, and no software download is necessary.
You can trade all over the world via the browser of your smartphone or tablet. Alternatively, apps for Android and iOS are available. You can begin with a free demo account just as you would expect from an industry award winner and a well-known broker. All instruction videos are available with the demo account.
The primary account type starts at $ 250 and offers charts and 82% payouts per successful deal. Besides, 24option offers customer support around the clock. Customers have access to the basic package of the analysis provider Trading Central.
Each account type updated at 24option also offers third party trade alerts. Alerts include information about events that could affect trading strategies. The system automatically calculates payouts.
24option describes itself as a premium platform and leading broker for CFD. The company also proudly presents its partnership with the Italian soccer team Juventus Turin. But is the platform as fair and safe as the advertising suggests, or is it a rip-off?
Financial regulators regulate not all CFD providers. 24option is one of the providers that are monitored by the relevant regulatory authorities. Since the broker is in Cyprus, it is the CySEC authority. As the supervisory authority of an EU member state, it ensures that legal guidelines observed.
24option experience payouts
Various account types are available at 24option. These have different functions. With a silver status (deposit of at least $ 1,000), traders receive a daily overview of the market. From the gold status (deposit at least $ 10,000), traders also obtain further information on CFDs. However, investors can lose all of their capital if their predictions were wrong.
In total, more than 110 underlying assets can be traded, including currencies, commodities, stocks and indices. Traders can choose between classic to exotic and potentially risky trading opportunities.
The trading software is easy to use. Nevertheless, with 24option traders have several options for setting prices and products.
. There are options where prices must reach a specific value within the specified period. 24option offers possible returns between 82% and 88%. There are one-touch options, high-yield options and short-term betting options under 60 seconds. Secure Closure designed to enable traders to limit losses.
How does CFD trading work?
With CFD trading, investors have the opportunity to participate in the following price movements:
With a CFD, the price difference (spread) between the entry and exit times o a contract for difference.
Investors can immensely benefit from the so-called leverage effect in CFD trading. The term leverage comes from trading with warrants. The Leverage indicates the ratio in which the permit tracks the price movement of the underlying asset. Leverage calculated by dividing the courses. This value shows the number of warrants that investors can purchase at the current price of the underlying.
Investors can trade two types of CFDs:
those of rising prices (long CFD),
that benefit from falling prices of the underlying asset (short CFD).
Compared to stock trading, CFD trading only requires relatively little capital. Nevertheless, investors can participate in all price movements.
CFDs offered through brokers with a margin account. Nor can CFDs be bought from one broker or sold to another broker. Existing positions must be redeemed or liquidated with the current broker.
As a rule, brokers are responsible for CFDs as market makers. The CFD broker’s account and terms and conditions usually require a certain amount. It should serve as a security deposit (margin). This security is in the form of money or securities.
It serves to be able to settle liabilities that arise from forwarding positions at any time. Investors must deposit a certain percentage of the trade. The rest is financed or leveraged in CFD trading by the broker.
24option – What you should look out for with providers
Many aspects are essential for trading with Contract for difference (CFD). This includes:
the stability of the CFD trading software
and the services offered, such as ordering over the phone
Much more important, however, is the right choice of a reputable provider because there are many black sheep in the rapidly growing CFD trading market.
Investors should ask themselves the following questions before deciding on a provider:
Are the clients’ funds kept separate from the CFD broker’s money?
Is there deposit insurance with the CFD trading provider, and how high is it?
Which financial regulator oversees the CFD trading provider?
Where is the CFD broker’s headquarters located?
Are there any adverse reports from customers?
CFD providers must inform investors comprehensively about the high risks. In the event of bad advice or missing information, claims for damages exist. The reverse transaction can also be requested.
Admission of 24option
The platform 24option is operated by the company Rodeler Limited. The company is based in Cyprus. There the company is admitted to the CySEC stock exchange supervisory authority. It can be found there under license number 207/13 – as a Cypriot capital investment company.
The fact that the company has a license is positive. This suggests that the supervisory authority can exercise some control over the company.
24option – terms and conditions
The terms and conditions of 24option are available online in German. They contain many clauses that are not customer friendly. The scope of the terms and conditions is also problematic – a total of 13 documents can be found:
Terms and Conditions for Bonuses
Dealing with interest and order execution
Dealing with Conflicts of Interest
Client categorization policy
Investor Compensation Fund
Complaints Procedure for Clients
Pillar III disclosure
Very few users should read and understand all terms and conditions. As a result, problems are almost inevitable. So it can lead to their ineffectiveness.
24option app – payouts
The 24option app has now been installed over 100,000 times on Google Play. There are also many bad ratings and reviews to be found there. There are often reports of rip-offs and fraud. Some users complain that their money was suddenly gone as soon as they hadn’t acted for a while. In some cases, profits not paid out despite repeated requests. Many users report negative experiences, contrary to what good advertisements might suggest.
What can be traded at 24option.com?
Dollar – Japanese Yen
Pound – Japanese Yen
Pound – euro
Euro – pound
Australian dollar – USD
USD – Canadian dollar
Swiss Franc – American Dollar
American Dollar – New Turkish Lira
British Petroleum PLC (BP)
France – Telecom
CAC 40 future
ASX 200 future
Hang Seng future
In the comments, you can share your uncorrupted experience with other traders .