24Option is a large European CFD broker offering Forex, Stocks and Crypto Currency Trading. 24Option offers investors the Scipio Trading Platform, which is easy to use, and versatile for experienced traders of Forex/CFD and binary options.
Automated Trading Software
24Option does not have automated trading software. Investors that are interested in trading signals, and not a trading robot, can get free trading signals, see here.
24options has regular binary options which they call high low options, with possible returns of 88% on successful trades. They have the 60 second options, along with 2 minute and 5 minute options. They have over 100 underlying assets to trade, in all markets, including many Forex Options, Options on Oil & Gold, and a variety of stocks.
When we reviewed their most profitable traders of the month it was interesting what the big traders are trading on. In December the largest trade was placed on $FCUA (Fiat), followed by Corn, $JPM (JP Morgan), $EUR/USD, and then $AUD/CHF (Australia Dollar vs Swiss Franc), see more.
This broker has now heavily expanded in to CFD trading for Stocks, Options, Forex and Bitcoin. Trading CFD’s on Bitcoin, Litecoin, Dash and Ethereum is gaining popularity, and a risky way to speculate on these volatile products. It is important to fully understand the risks of trading on margin, before you begin!
Their 24option trading platform is available in the following languages: English, Español, Русский and Arabic. Minimum deposit for a live trading account is $100, and free demo trading accounts are also available.
24Option License & Regulation
When you are comparing Forex & Bitcoin brokers, probably the most important item to check for is an authorize and legally licensed broker. There are many online brokers that are unlicensed and outright scams. A major benefit in using 24option is that they are licensed by CySEC in Cyprus. They are also registered with most European financial regulators including the FCA in United Kingdom, and CONSOB in Italy.
Outside of Europe, the broker is owned by Richfield Capital Limited which is licensed in Belize, number IFSC/60/440/TS/17.
As such, traders are required to provide full documentation when opening a trading account to comply with Anti Money Laundering laws. 24option does not accept traders from United States, Canada or Australia.
Address: Rodeler Limited, 39 Kolonakiou Street, 1st Floor, Frema Plaza, Ayios Athanasios, Limassol CY-4103.
Phone Numbers; South Africa: +27 10 500 8042, United Kingdom: +44 161 960 0200.