24option is an online trading brand operated by Rodeler Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission. At the present time, the broker offers access to a wide variety of trading instruments that includes forex, cryptocurrencies, commodities, stocks, ETFs, and indices.
In terms of cryptocurrency trading, the offer is very consistent, since it contains more than 40+ fiat pairs. Spreads are relatively low, compared with the competition, meaning clients will be able to profit from rising and falling prices at low costs. The company has several years of experience in the trading world and thus far there is no serious scam proof about it.
This is another company that relies on a proprietary web-based platform, available through any popular browser, as well as downloadable from Google Play or the App Store. Its user interface is very simple and intuitive, most likely designed to be accessible for beginners. Different chart types, trading tools, indicators, and other features available. There’s also a Clients’ choice bar integrated, showing the percentage of clients long or short for any given instrument.
Fortunately for those who don’t want to use just a web platform, 24option has included the popular MT4. This is a piece of software that had already proven its potential and it’s still on top of traders’ preferences. Other than the traditional tools and indicators, you will be able to use expert advisors and other automated tools to simplify your work.
At the time of writing, there are four different types of trading accounts available at 24option: Basic, Gold, Platinum, and VIP. In order to open a basic account, a minimum €250 deposit is required. Spreads are relatively high in this case, and the pack of features is slim. However, clients holding a basic account will still have access to the Trading Central, and to 2 daily TC SMS alerts, among others.
For Gold, Platinum, and VIP accounts spreads go lower, in line with all the other competitors, but the educational material available grows exponentially. Traders will have access to up to 5 monthly webinars, and 5 advanced lessons. If you want to see what does 24option has to offer, you can start with a basic account, and if everything is ok, you can make an upgrade at any time.
What should be taken into consideration, is that as a trading company operating in Europe, it must comply with the regulation. As a result, there are retail and professional accounts available, based on a pre-set number of criteria. If you don’t have enough trading experience, your leverage will be capped to 1:2 for cryptocurrency trading.
Also given that 24option operates mainly in Europe, the company is not allowed to offer any trading promotions for retail customers. It could only make them for professional clients, and at the present time, there is no information on the matter.
In terms of regulation, 24option offers access to the Trading Central, daily market reports, technical and fundamental analysis, as well as much other useful material which could enhance your trading performance.