24Option Forex Review – Not Verified Broker

  • Regulation: CySEC, IFSC
  • Minimum Deposit: $250
  • Max Leverage: 1:400
  • Not Verified!

24Option is a renowned CFD and Forex broker that mainly operates from Belize and Cyprus. It was started in 2010 and is regulated by IFSC and CySEC under license number 207/13. The headquarters of the FX broker is in Frema Plaza, Agios Athanasios. 24Option is under Rodeler Ltd. and is based out of Limassol Cyprus. The firm brings trading to the masses by providing a platform for trading that is intuitive and designed with some of the best technologies in the industry. 24Option was initially started in the binary options market and then eventually made a switch to offer CFD and Forex trading around three years later.

Richfield Capital Ltd. handles the international version of the site and is located in Belize, whereas the European version is being handled by Rodeler Ltd., which is a financial company. The firm offers around 250 tradable assets, which are in the form of various currencies, stocks, commodities, and indices.

Trading Platforms and Features

24Option provides two different trading platforms, a proprietary platform and an MT4 desktop application. Since the platform is web-based, there is no requirement to download any software. Moreover, it can easily run on all the operating systems and every device with a browser. The platform is simple and intuitive, and it has a unique characteristic look that the brand is known for now. The MT4 desktop application is easily accepted by all the Forex traders around the world. Also, the application can be downloaded from the official site.

The mobile application of 24Option is available on both iOS and Android devices, and it can be downloaded from the Play Store and App Store, respectively. Moreover, the application has a user-friendly interface and is available in 12 different languages. Using the mobile app, it is easy to place orders, stop loss, check order history, take profits, analyze charts, and manage fund transfers.

Here are some of the trading features of 24Option:
24Option Forex broker homepage

  • More than 90 indicators, including some popular options such as Ichimoku Clouds, Moving Average, MACD, etc.
  • Eight different timeframes are available from one minute to one month.
  • There are six different chart styles: Area Charts, Line, Dots, HeikinAshi, Candlesticks, and Hlc.
  • The platform is simple, easy, and attractive.
  • It is easy to check the trade status, history as well as order management.
  • There is also an economic calendar on the platform.


There are the following bonuses and promotions available on 24Option at present:

  • First Deposit Bonus – The new clients get this promotional offer when they make their first deposit. In this, 50 percent of the deposit amount gets credited to their account. The maximum bonus allowance is $500.
  • 24Option Challenge Series – This promotion comes on the platform periodically for rewarding the trader who has the maximum amount of winning trades for a specific duration. The first price is $2500, while the second and third prizes both fall at $1500.

Deposits and Withdrawals

Cash deposits are not accepted on 24Option. Also, the Forex broker does not accept any third-party payments. It is mandatory for the depositor to own the account. For withdrawal, it is necessary for the client to be verified. For the client, KYC verification is required for which a document for ‘proof of residence’ and ‘proof of ID’ need to be submitted.

If the trader wished to make use of credit cards or debit cards for the payments, it is essential to upload images of both sides of the card. However, the image should display only the last four digits of the card number. There are no deposit fee charges on the 24Option platform. However, there is a withdrawal fee that is charged depending upon the type of account in use and the mode of payment. The members having Diamond or Platinum membership on the platform do not have to pay any withdrawal fees. Other users, however, get only one free withdrawal. After this, they have to pay the fees for every withdrawal.

The accepted modes of payment:

  • MasterCard, as well as Visa cards, are accepted as credit or debit cards by 24Option for both deposits as well as withdrawals. The processing of these cards takes place instantly with a 3.5 percent withdrawal fee charge (in case of withdrawals).
  • E-wallet payments are also accepted on the platform. The e-wallets such as Perfect Money, Neteller, and Skrill can be used. These payments also get processed instantly. However, it takes an hour to get through at times. The minimum deposit amount is $250.
  • Bank wire transfers are also accepted. The minimum deposit amount is $1000, and $35 is charged as withdrawal fees.

Regulation Information

The international branch of 24Option is handled by Richfield Captial Ltd., which is a Belize investment company. The firm is situated in Unit 303, No. 16 Cor. Huston and Eyre Street, Blake Building. Moreover, it is regulated and authorized by IFSC of Belize under the license number IFSC/60/440/TS/18.

There is also a European branch of 24Option which is handled by Rodeler Ltd., which is an investment company. The investment firm is in Cyprus and is regulated and authorized by the CySEC under the license number 207/13.

About the Support Methods

  • Company: Rodeler Limited
  • Headquarter: Cyprus
  • Founded: 2010
  • Telephone: +357 25 262063
  • Email: info@24option.com

The support team of 24Option is great and quite helpful. There are a total of 15 support desks available for assistance across the globe. Each of the countries has their separate contact numbers, email addresses as well as fax IDs. The clients can reach out to the customer support team from 9 am to 9 pm on weekdays, and the team is multilingual to offer better support.

Here are the different ways in which the customers can reach out for the support team:

  • Fill the ‘Contact Us’ form available on the web as well as mobile trading platforms.
  • Access the Live Chat facility.
  • Email: info.int@24Option.com


24Option is one of the leading Forex trading platforms existing globally today. The platform offers great flexibility as well as features for the traders. Also, the support team is helpful and can assist the traders with all their queries. Create an account and start investing in trades today!