Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

A free demo account

with $10.000 in practice money

Investments carry a high level of risk and may not be suitable for all investors.

24option Broker Review 2023


NOTE: 24option stopped accepting customers from New Zealand!

24Option is a renowned international Forex and CFDs broker. With their ability to provide service in many different languages and in countries from across the globe they have established themselves as one of the leaders in the online trading industry. 24Option offers a great trading platform and a large number of assets that allow traders to invest in almost any market they are familiar with. 24Option was the winner of the 2014 FBO Best Payouts Award as well as the FBO Best Regulated Broker of 2015, which explains why customers want to trade with them.

24option Accounts

24option has five different accounts that have very attractive characteristics. They are meant for both beginners and experts, but it can be presumed that cheaper accounts will be preferred by newbies, while more expensive ones are meant for experts. Types of accounts are:

Basic Account

  • One fee-free withdrawal per month
  • Trading central
  • Customer support
  • Forex / CFDs trading

Silver Account

  • same as basic +
  • Personal coach
  • Forex / CFDs Trading

Gold Account

  • same as previous +
  • SMS and e-mail alerts
  • Forex CFDs trading

Platinum Account

  • Free withdrawals
  • Research website
  • Forex trading
  • Higher trading limits and exposure

Diamond Account

  • Up to 88% payout
  • Juventus tickets
  • Customized platform
  • Forex CFDs Trading

Active registered traders can also get a 24Option demo account that is approved by an account manager who will contact them soon after the registration. Demo accounts are always a great opportunity to get familiar with the platform.

Trading Software & Assets

24Option offers one of the finest trading platforms available. The easy to use displays and system include some rather interesting trading options, such as buying CFDs contracts on Forex and Stocks, as well as indices and commodities and according to the newest specs – they also accept cryptocurrencies. The 24Option platform is significantly different than most other brokers offering a full-screen trading experience which makes it easier to have everything you need right in front of you.

If the software and the trading platform are the primary reasons why you would select a broker, then the 24Option is the place to go. They offer the ability to close early at the moment you set or at the price level you decide, making this one of the most popular features for online traders. While they used to offer binary options, today they are full grown CFDs and Forex trading while they kept that ethos of simplicity from past times.

24Option offers a great mobile app, which allows for “trade as you go” options from anywhere in the world. The app is a free download but was not tested during the 24Option Broker review.

Customer Care & Services

24Option provides a large array of languages for their support and service. This allows traders from all over the world to gain assistance in their native language. During the 24Option Broker review several different members of the staff called in using different languages to communicate and found that the service was top notch no matter what language was spoken.

While the live chat offers support in different languages, that is not available 24-hours a day. You can get assistance in English no matter what time it is, but other languages vary on availability.

Banking & Company Information

The 24Option Broker review found that much to our surprise the depositing process was not instantaneous. In a transaction where money was sent from a Moneybookers account, a process that normally processes instantly, took 24 hours before the funds were available. This is because each deposit must be approved manually.

The first withdrawal at 24Option is free. After that fees apply unless you are a 24Option Gold or Platinum member. The minimum amount for withdrawals is $100.

The processing fees applied at 24Option include:

  • Liberty Reserve 1%
  • Moneybookers 2%
  • Credit card 3,5%
  • Bank wire $30