Home / Forex Brokers in Australia / 24option Review

24option Review

FX Author By Jeffrey Cammack Author Information Updated: May 12, 2020
Overall Rating
2.99 2.99 / 5
Min. Deposit USD 100
Max. Leverage 500:1
Min. Spread 1.1 pips
Regulators IFSC
Regulator Origin IFSC
Trading Desk Type

Summary

24Option started life as a binary options provider but now also offers CFDs for Forex, Commodities, Stock and Indices.

The minimum deposit at 24Option is 250 USD, and support is provided for its award-winning web-based trading platform as well as MT4.

Reviews

Regulation 110.500
Trading Conditions 11000
Trading Platforms 11110
Deposit & Withdrawal 11100
Education & Research 10.5000
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Poor
Bonuses
Our Review Process

Trading Conditions

Minimum Deposit USD 100
Base currencies EUR, ZAR, GBP, CHF, RUB
Number of FX Pairs 46
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD 1.1
GBP / USD 1.4
USD / JPY 1.4

Company Details

Company name Richfield Capital Limited
Founded 2010
Website www.24option.com/international
Type Market Maker
Regulators IFSC
Office locations Cyprus, Belize

Deposit & Withdrawal Methods

Supported Platforms for 24option

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

Compare CFD Brokers

24option

24option

Visit Website
Capital Index

Capital Index

Visit Website
Pepperstone

Pepperstone

Visit Website
Overall Rating 110.500 2.99 / 5 1110.50 3.94 / 5 11110.5 4.51 / 5
Minimum Deposit USD 100 GBP 100 AUD 100
Regulation
IFSC IFSC
FCA FCA
FCA FCA
ASIC ASIC
DFSA DFSA
Trading Desk Type
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs 46 68 80+
Crypto Pairs 5 5
Pros
  • Wide range of assets
  • Tight spreads
  • Fast and free withdrawals
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Wide spreads
  • Limited education
  • Limited market analysis
  • Poorly regulated
  • Limited platform choice
  • Limited education
  • No swap-free account option
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 110.500 2.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Conditions 11000 2 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110 4 / 5 11111 5 / 5
Deposit & Withdrawal 11100 3 / 5 11110.5 4.5 / 5 11110 4 / 5
Education & Research 10.5000 1.5 / 5 11000 2 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 1110.50 3.5 / 5 11110.5 4.5 / 5
% Lose with this broker 83.29% 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 78.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage 500:1 30:1 300:1
Spread 1.1 pips 0.0 pips 0.0 pips
Hedging Yes Yes Yes
Scalping Yes No Yes
Account Types
  • VIP (Vip)
  • Pro Account (Vip)
  • Swap-free
Islamic Account Yes No Yes
Trading Platforms MT4 MT4 cTrader , MT4 , MT5
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 Clear all brokers

24option

Visit Website

Capital Index

Visit Website

Pepperstone

Visit Website
Overall Rating 110.500 2.99 / 5 1110.50 3.94 / 5 11110.5 4.51 / 5
Minimum Deposit USD 100 GBP 100 AUD 100
Regulation
IFSC IFSC
FCA FCA
FCA FCA
ASIC ASIC
DFSA DFSA
Trading Desk Type
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs 46 68 80+
Crypto Pairs 5 5
Pros
  • Wide range of assets
  • Tight spreads
  • Fast and free withdrawals
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Wide spreads
  • Limited education
  • Limited market analysis
  • Poorly regulated
  • Limited platform choice
  • Limited education
  • No swap-free account option
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 110.500 2.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Conditions 11000 2 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110 4 / 5 11111 5 / 5
Deposit & Withdrawal 11100 3 / 5 11110.5 4.5 / 5 11110 4 / 5
Education & Research 10.5000 1.5 / 5 11000 2 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 1110.50 3.5 / 5 11110.5 4.5 / 5
% Lose with this broker 83.29% 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 78.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage 500:1 30:1 300:1
Spread 1.1 pips 0.0 pips 0.0 pips
Hedging Yes Yes Yes
Scalping Yes No Yes
Account Types
  • VIP (Vip)
  • Pro Account (Vip)
  • Swap-free
Islamic Account Yes No Yes
Trading Platforms MT4 MT4 cTrader , MT4 , MT5
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

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Visit 24option

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

>