At the moment, broker’s website is giving the following error message “Please note that at this time Rodeler Ltd is not permitted to provide regulated financial services.”
Reviewed Broker: 24Option
Regulation: As of 05/2021 CySEC Withdrew CIF License of 24Option Operator Rodeler Ltd.
Warning: According to the websites of Invest Markets and 24Option.com, it appears that they are based in Belize, providing trading platforms that offer trading in forex, contracts for difference (CFDs) derivatives and cryptocurrencies. The FSCA points out that for a company to offer CFD and forex trading in South Africa, it must be licensed to do so by the FSCA. It therefore appears that these platforms are conducting unregistered financial services business, which is unlawful.
Established in 2015
Location: Richfield Capital Limited is located at Unit 303, No. 16 Cor., Hutson and Eyre Streets, Blake Building, Belize City, Belize.
Operated by Richfield Capital Limited, a Belize investment firm, authorised and regulated by the International Financial Services Commission of Belize with license number 000319/38. Previously operated by Rodeler LTD.
Regional Restrictions: Richfield Capital Limited does not offer services within the European Economic Area and Switzerland as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
24 Option Features and Trading Conditions
This broker provides an intuitive trading platform designed with the latest technological advancements that’s geared towards new traders as well as professionals. Trade Forex/CFDs all on the advanced, web-based trading platform. You can trade on the largest lists of assets from Currency pairs, and Commodities to stocks and indices.
24Option Review: Trading Platform
The MT4 platform is one of the most popular charting and analysis softwares used by traders of all levels. The MT4 comes with all of the most popular charting tools and offers immediate order execution and real-time results.
Trade Cryptocurrency with 24 Option
As a leading online broker, 24option was one of the first to offer trading CFDs on cryptocurrencies. With five of the most popular digital currencies currently available for trading as CFDs, we are always looking for the latest popular currency so that we can make a CFD of it available to our traders. Our education center will help take the mystery from cryptocurrencies so you can trade CFDs with greater confidence. And with our easy to use trading platform you’ll soon find it more accessible than ever to trade CFDs on your favorite underlying digital currency online.
The value of digital currencies tends to change very quickly. Therefore, there is no guarantee that the cryptocurrencies’ value will remain stable. We highlight the growing popularity of the digital currencies. Yet, we warn our clients that there is a number of potential risks when dealing with CFDs on virtual currencies – the main be their inherent volatility.
24 Option Review : Account types
BASIC
- Platform Introduction
- Risk management explanation
- Dedicated
account manager - Webinars & seminars
- Financial market introduction
- Demo account 100K
- Daily market brief
- One on one MT4 course
- Sentimental, fundamental, technical analysis one on one tutorial
- Short, medium, long term explanation of common trading strategies
- No maintenance fees
- Max lot
- Trading Central
- Spreads
- Free withdrawal
SILVER
- Platform introduction
- Risk management explanation
- Dedicated
account manager - Webinars & seminars
- Financial market introduction
- Demo account 100K
- Daily market brief
- One on one MT4 course
- Sentimental, fundamental, technical analysis one on one tutorial
- Short, medium, long term explanation of common trading strategies
- No maintenance fees
- Max lot
- Trading Central
- Spreads
- Free withdrawal
POPULAR GOLD
- Platform introduction
- Risk management explanation
- Senior
account manager - Webinars & Seminars
- Financial market introduction
- Demo account 100K+
- Daily market brief
- One on one MT4 course
- Sentimental, fundamental, technical analysis one on one tutorial
- Short, medium, long term explanation of common trading strategies
- No maintenance fees
- Max lot
- Trading Central
- Spreads
- Free withdrawal
PLATINUM
- Platform introduction
- Risk management explanation
- Senior
account manager - Webinars & seminars
- Financial market introduction
- Demo account 100K+
- Daily market brief
- One on one MT4 course
- Sentimental, fundamental, technical analysis one on one tutorial
- Short, medium, long term explanation of common trading strategies
- No maintenance fees
- Max lot
- Trading Central
- Spreads
- Free withdrawal
24Option Review: Deposit and Withdrawal of funds
Depositing funds into your 24option account is quick. The entire process takes only a few minutes to complete and you will be immediately notified of any issues with your deposit.
There are a number of ways that you can choose to fund your account. They are:
- Credit Card: 24option accepts the following credit cards: Visa, MasterCard and Discover.
- Electronic Payment: Skrill
- Wire Transfer: If you wish to fund your account via wire transfer, please contact your account manager or access our live chat to receive the appropriate banking details.
24option does require a minimum deposit but that amount does vary by funding type. The minimum deposit amounts are as follows:
- Credit Card: $100/€100/£100/R1200/₽10,000
- Electronic Payment:$100/€100/£100/R1200/₽10,000
- Wire Transfer: $1000/€1000/£1000/R1200/₽10,000/
During the registration process you can choose the type of currency that you wish to use for trading. Your choices are: US Dollar, British Pound, Japanese Yen, Euro and Ruble. Please note that you can use multiple currencies for one account.
Educational Material and Customer Support
24Option provides library of V.O.D. seminars, webinars, daily news, analysis and more.
Forex Intro
- Pending Orders
- Closing an Order
- The Terminal Window
- Opening a New Order
Forex Beginners
- Glossary of Concepts
- Types of Orders
- Basic Forex Terms
- The Forex Market
Forex Intermediate
- Advanced Technical Analysis
- Basic Technical Analysis
- Market Analysis
- Capital Management
Customer support is always available for technical and trading questions, and account managers. Help can be obtained via email, phone or live chat.
24 Option Review: Quick Answers and Facts
What is the difference between Live Account and Demo Account?
Demo account allows you to test your strategies with virtual money before trading with real funds on your Live account.
What is the amount I receive in my Demo Account?
After the registration you receive a demo account with 100,000 virtual money according to your registered currency.
How can I deposit?
In order to deposit, log in to your account, and then click on Deposit button. There are multiple deposit methods you can choose from.
How can I withdraw my funds?
For making a withdrawal, simply log in to your account, click on the Banking tab, then on the Withdrawal tab. Enter in the amount you wish to withdraw and click on Next button. Fill in the required fields and then click on Submit button.
Are my funds and personal details safe?
Yes. Your private information is highly protected using the most up-to-date hi-tech techniques on the market, ensuring you are in a safe trading environment. 24option secures all transmissions with a 128bit SSL encryption certificate provided by Thawte.
Who are you regulated by?
24option.com/eu is operated by Rodeler Ltd, which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 207/13.
24option.com/international is operated by Richfield Capital Limited, which is regulated by the IFSC of Belize with licence number 60/440/TS/19.
How was the rating of 24Option performed compared to other brokers?
This 2022 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on 24Option FX broker performance and features.
Overall our online 24Option review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online 24Option or you find inaccurate details 24Option broker review please get in touch with us and the changes will be applied.
