24Option Regulated Multi Coin Broker Review | buyripple.com

24 Option Broker Review

Details

Broker 24 Option
Website URL
Minimum 1st Deposit $100
Bonus Free Demo Account
Payout Local Currency
Free Demo Account Yes
US Traders Allowed No
Overall Score 92

Pros

  • EU Regulated
  • Multiple Coins Available
  • CFD Trading

24 Option Background

24 option is a well renowned broker that offer various products to its client base, recently it has focused on CFDs to help newbie traders get into investing and allow them to make significant returns. What we are looking to find out from any broker are:

  • How easy is the platform to use?
  • What are their spreads like in comparison to other brokers?
  • How easy is it to withdraw my money?

There are certainly more questions that should be asked of a broker, but these ones will definitely give yo a head start!

24 Options assets include forex, equities and they have now introduced cryptocurrencies into their platform. Meaning that you can buy ripple through them. This is exciting news because the crypto market is currently exploding!

24 Options has a far reaching international presence and they do excatly as they claim, which is refreshing for a broker! They are great for both beginner and expert traders, to check them out click through to start trading.

Regulation

Based in Cyprus, 24option offers CFD and Forex trading to users all around the world, and is compliant with regulatory bodies in multiple countries, including the FCA in the UK and CySEC in Cyprus. They are a relatively new broker who only got their regulation in 2013, so they are keen to make their mark on the industry by offering excellent prices and offers.

24option Bitcoin and Cryptocurrency Trading

Cryptocurrencies exploded in 2017 and 2018 looks to be no different, with bitcoin originally leading the way, there now looks to be scope for many of the smaller less well known currencies to begin a similar growth pattern. 24 option will allow you to profit greatly from any prices fluctuations without actually having to go through the process of owning the currency.

That is what CFDs, or contracts for differences are, they are contracts between you and the broker to buy at a certain price, you will then take the difference between where you bought and where you sold. These are leveraged products, which increases your risk but also increases your returns. you must be careful but you do have the opportunity to make considerably more than if you were to own the underlying asset.

Promotions and Bonuses – 24option

24 Option always has new offers on the table, because they are pushing their brand so much, they are doing a lot of marketing. This is turn means they offer their clients lots of different offers, depending on the time you are looking. Giveaways, promotions, you name it, it is advised to keep a close eye on their homepage because that is where you will find all the offers right away.

How to Fund Your 24option Account

24 option offers various funding methods, they will accept most credit and debit cards, plus they offer various e-commerce avenues, which appeal to overseas clients. The minimum deposit amount is $250 and they will leverage that up to a maximum of 400:1, meaning that your $250 could be working as $100,000, with only the risk of $250, not bad!

The 24option Demo Account

Demo accounts are a great tool to practice your trading strategy. Make sure you know exactly what you are doing in each scenario and then apply it to a live trading account.

The price between the live and demo accounts are exactly the same, so you should find migrating over to the live account very easy. It is always advised to have a go on a demo account before going live, this way you can get used to the platform and how to actually place an order.

24 option also provides lots of educational material, helping with strategies and some of the fastest news-aggregators to give minute by minute updates on what is going on in the world that can affect the markets.

24option Funded Account Types

There are various accounts on offer with 24option, it all depends on how much you want to deposit, please see below:

  • Basic: $0-$2499.99. Basic traders can perform all trade types, but will have some small account management fees and won’t benefit from the risk management and some educational materials of higher account types.
  • Silver: $2500-24,999.99. No maintenance fees and some enhanced functions.
  • Gold: $25,000-$99,999.99. Additional courses and access to the 24option Trading Central (a wealth of information for financial traders of all types).
  • Platinum: $100,000-$249,999.99. All of the above with the addition of spreads.
  • Diamond: $250,000+. No additional features, but you do get the fancy designation and the satisfaction of a job well done (and of being somewhat wealthy).

Deposits and Withdrawals

We have already covered how to deposit with 24 option, it is very easy. To withdraw is just as simple. Unlike some other brokers who make it difficult withdrawing your own cash, 24 option make it easy and secure.

They will only allow you to withdraw via the means that you deposited, this is for security reasons, meaning that you can guarantee that no one else will hack and take your hard earned profits.

Another security procedure they require is they will ask for your ID again, just as proof that it is you withdrawing.

24 Option Customer Support

Customer support is available by phone, chat, and email during regional business hours. Because 24option has offices around the world, there is almost always someone available, providing you contact the right branch.

Conclusion

We feel that 24 Option is a broker you can trust and would recommend giving them a try, if you have any questions, please feel free to ask and we will reply as quickly as possible with the answer.

Summary
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24 Option Crypto Broker Review
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