24Option is a large European CFD broker offering Forex, Stocks and Crypto Currency Trading. They offer their investors the Scipio Trading Platform, which is easy to use, and versatile for experienced traders of Forex and Crypto Currency CFD’s.
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.
24Option has expanded into CFD trading for Stocks, Market Indexes, Forex Pairs and Crypto Currency. Trading CFD’s on Bitcoin, Litecoin, Dash and Ethereum is gaining popularity, and a risky way to speculate on these volatile products. They have over 100 underlying assets available to trade, in all markets, including Commodities like 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 June the heavy volume takes place in the Ruble (USD/RUB), followed by Oil, $AAPL, $FB Facebook, $EUR/USD, and then $GBP/USD (Great Britain Pound vs US Dollar), see more. 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, Spanish, Russian 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 authorised 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.