Home / Forex Brokers in Australia / 24option Broker Review

24option Broker Review

FX Scouts By Jeffrey Cammack Updated: February 13, 2020
Overall Rating
3.54 / 5
Min. DepositUSD 100
Max. Leverage500:1
Min. Spread1.1 pips
RegulatorsCySEC,IFSC
Regulator Origin CySEC IFSC
Broker TypeMarket Maker

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service

 

Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 100
Base currenciesEUR, ZAR, GBP, CHF, RUB
Number of FX Pairs46
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD1.1
GBP / USD1.4
USD / JPY1.4

Company Details

Company nameRichfield Capital Limited
Founded2010
Website Visit Website
TypeMarket Maker
RegulatorsCySEC,IFSC
Office locations Cyprus, Belize

Deposit & Withdrawal Methods

Supported Platforms for 24option

Most retail CFD accounts lose money. Your capital is at risk.

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24option

24option

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Capital Index

Capital Index

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Pepperstone

Pepperstone

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Overall Rating 3.54 / 5 4.04 / 5 4.56 / 5
Minimum DepositUSD 100GBP 100AUD 100
Regulation
CySEC CySEC
IFSC IFSC
FCA FCA
FCA FCA
ASIC ASIC
Broker TypeMarket MakerECN/STPECN/STP
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs466880+
Crypto Pairs55
Read Full Review Read Full Review
Trust Rating 3.5 / 5 4 / 5 5 / 5
Trading Conditions 3 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 5 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 4 / 5
Education & Research 3 / 5 3 / 5 4.5 / 5
Assets Available 4.5 / 5 4.5 / 5 4.5 / 5
Customer Service 4 / 5 3.5 / 5 4 / 5
% Lose with this broker 81.27% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 73.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:130:1500:1
Spread1.1 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes No Yes
Account Types
  • Basic (Standard)
  • Gold (Vip)
  • Platinum (Vip)
  • VIP (Vip)
  • Advanced Account (Standard)
  • Copy Trading (Professional)
  • Pro Account (Vip)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
Swap-Free Accounts Yes No Yes
Trading Platforms MT4 MT4 MT4, MT5, cTrader
Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay
Trading Commission Fees Included in Spread 1 USD / lot - Black Account From 7 USD / lot - Razor Account
Clear all brokers

24option

Visit Website

Capital Index

Visit Website

Pepperstone

Visit Website
Overall Rating 3.54 / 5 4.04 / 5 4.56 / 5
Minimum DepositUSD 100GBP 100AUD 100
Regulation
CySEC CySEC
IFSC IFSC
FCA FCA
FCA FCA
ASIC ASIC
Broker TypeMarket MakerECN/STPECN/STP
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs466880+
Crypto Pairs55
Read Full Review Read Full Review
Trust Rating 3.5 / 5 4 / 5 5 / 5
Trading Conditions 3 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 5 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 4 / 5
Education & Research 3 / 5 3 / 5 4.5 / 5
Assets Available 4.5 / 5 4.5 / 5 4.5 / 5
Customer Service 4 / 5 3.5 / 5 4 / 5
% Lose with this broker 81.27% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 73.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:130:1500:1
Spread1.1 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes No Yes
Account Types
  • Basic (Standard)
  • Gold (Vip)
  • Platinum (Vip)
  • VIP (Vip)
  • Advanced Account (Standard)
  • Copy Trading (Professional)
  • Pro Account (Vip)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
Swap-Free Accounts Yes No Yes
Trading Platforms MT4 MT4 MT4, MT5, cTrader
Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay
Trading Commission Fees Included in Spread 1 USD / lot - Black Account From 7 USD / lot - Razor Account

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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