Min. Trade Size
24Option is one of the first brokers that started out in the industry in 2009. Ever since then they have been implementing new tools and basically striving to make things simpler for their users.
It is good to know that if you are starting out, 24Option has taken the care to accommodate you by offering to the public a demo account service. This significantly minimizes the chances of you losing your funds due to being inexperienced. Their “Education Center” might be of good use, too.
To add to that, they have even started offering one-on-one training sessions with an expert. Clients of 24Option get to have a chat with a financial specialist via live chat, email or phone about their potential and different strategies. We believe that this is a great added-value for all clients, even the more experienced ones.
One of the main advantages of 24Option is that the broker is regulated by CySEC, and follows all regulatory rules to provide safe and secure trading.
The good news is that there is no limit as to how much you can withdrawal! There are brokers who will not allow you to withdraw all of your funds if they are significant in just one go, which is a great hassle and a bit worrying. 24Option not only refrains from that, but also works quickly in terms of getting your money back to you. Clients get their withdrawals transferred in 3-5 business days (or in just one if you have a VIP account), provided their have supplied the required identification documents.
You should keep in mind that 24Option, gives you one free withdrawal per month, and if you withdraw more often it has a fee. The charges correspond to the account level you own. For a Platinum account, you will get all your funds transferred to you for free. However, Regular account holders get just one free withdrawal (their first one) and Gold account holders get one free withdrawal per calendar month.
Our IS-Scam team browsed the web for any complaints that do not seem dodgy or plotted by competitors and the only ones we could find were regarding the withdrawals.
In a couple of forums we saw clients complaining how they have not gotten their withdrawal approval when they have waited for almost a week. We do not consider this a cause for concern because, first; in the end their problems were resolved successfully by the broker and second, because in their “terms and conditions” section it is clearly stated what the amount of time the procedure takes is.
Is 24Option Scam?
24Option is currently one of the most legit brokers in the industry. For some time now 24Option has been regulated by the Cyprus Securities and Exchange Commission (CySec) which keeps them in check.
24option is one of the first broker that applied for financial regulation. Trading with a regulated broker ensures high level of service and protection for new clients. Being regulated by the CySEC (the Cypriot Financial Supervision Commission), 24option possesses the so-called “EU Passport” for providing services within the European Union according to the MiFID (The EU directive for financial instruments). Thus 24option is among the safest choices for European Traders.
We have an extensive article about Forex regulation, you can read it here.
Overall 24Option is one of the leading brokers in the industry. They have over 5 years experience as a broker and each year they offer great services and benefits to their clients. Their minimum deposit is only $400, and their minimum trade size is .01 lot.
The broker also has a large education section with an Free ebook and many videos. Most importantly the broker is CySEC regulated so you can enjoy safe and secure trading.
24Option is a leader in the world of Forex since 2009. Its name and reputation are clear and every trader knows that this broker provides secure trading and professional services.
24Option is regulated not only by CySec but also by MiFID (The EU directive for financial instruments). This is a sign of its reputation transparency.
The withdrawal process of 24Option Forex broker is easy and fast (3-5 working days). There are feedback by traders for delays, but this is mostly because documents required for finishing the withdrawal procedure are not provided, i.e. proof of ID, residence and payment method. All traders should know that this process requires technical time.
In conclusion we can say that 24Option is a strongly recommended broker which can give you the chance to experience the best from trading.