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Ida Hermansen
Edited by
Author
Ida Hermansen
Edited by
Ida Hermansen

Ida is a financial writer with a passion for cryptocurrencies, blockchain networks, and Forex trading. A dedicated crypto trader, she developed a deep interest in Forex technical analysis and price action, continually expanding her expertise in market trends and trading strategies.

Learn more about Ida Hermansen
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

24option

24option
2.99
Rate & review
How we review
Accepts UK Clients. Average spread EUR/USD 2.50 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform supported. 24 Option is regulated by IFSC. 83.29% of traders lose money with this provider.
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83.29% of retail CFD accounts lose money with this provider

Available to traders in %s

Min deposit

GBP 100

Regulated By
Varies by region

FSC

Trading Cost

GBP 25

Max Leverage
Varies by region

500:1

Copy Trading
Varies by region

Yes

Platforms

MT4

Instruments

Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices

24option Broker Review

24Option started life as a binary options provider but now only offers CFDs for Forex, Commodities, Stock and Indices. Regulation is poor, with oversight from the Belize IFSC only – meaning that 24Option is not permitted to take clients from Europe and a number of other countries.


The minimum deposit at 24Option is 250 USD, and support is provided for its proprietary web-based trading platform as well as MT4. Spreads are relatively wide for a market-maker of this type and educational material is restricted to active traders.
Accepts UK Clients. Average spread EUR/USD 2.50 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform supported. 24 Option is regulated by IFSC. 83.29% of traders lose money with this provider.

Pros

  • Wide range of assets

Cons

  • Wide spreads
  • Limited education
  • Limited market analysis
  • Poorly regulated
Rating Reviews
2.99

24option Overall Summary

Trust Rating
2.5
Trading Conditions
2
Platforms
4
Education
1.5
Beginner Friendly
1
Assets Available
4.5
Analysis Research
1
Deposit & Withdrawal
3
Overall Rating
2.99
/ 5
Base Currencies
EUR, ZAR, GBP, CHF, RUB
Number of FX Pairs
46
Crypto Pairs
5
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Acct
Yes
Account Name
Commission
Fees Included in Spread
EUR/USD
1.10
GBP/USD
1.40
USD/JPY
1.40
Negative Balance Protection
Yes
Company Name
Richfield Capital Limited
Founded
2010
Website
https://www.24option.com/international/
Website Language
English, Chinese, Portuguese, Polish, Swedish, Arabic
Support Language
English, Chinese, Portuguese, Polish, Swedish, Arabic
Office Locations
Cyprus, Belize
Support Email Address
[email protected]
PU Prime 100% Bonus PU Prime 100% Bonus

Deposit & Withdrawal

banktransfer
visa
mastercard
skrill

Supported Platforms

Best MT4 Forex Brokers
24option

Full 24option Review

Please note that, unfortunately, 24Option is no longer in operation.

For trading options, explore our list of top brokers here.

Compare 24option with other brokers

Currently, 24Option has no oversight from any of the major regulators (FCA, CySec or ASIC) so we would urge caution before opening an account here.

Is 24option Safe?

24Option is a market maker broker with a dealing desk where your orders are matched internally and the broker is the counterparty to your trade. In this execution model when you make a profit you are profiting from the broker’s loss and not from the interbank market. Since your orders are kept internally on the broker’s book there is potentially a conflict of interest.

Regional Restrictions: Richfield Capital Limited does not offer services within the European Economic Area and Switzerland as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.

Opening an Account at 24option

Opening an account with 24Option takes a matter of a few minutes. You can trade through 24Options proprietary web-based trading platform, which is fairly easy to use, or use the industry-standard MT4.  A free Demo account with 10,000 USD is automatically activated upon registration. Additionally, you can also receive SMS alerts, which means you’ll always be up-to-date with the market movement.

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24option’s Trading Instruments

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24option Accounts and Trading Fees

24Option offers several trading account types.

Trading Fees

All accounts have access to Trading Central and have leverage up to 1:500.

  • Basic Account: The minimum deposit to open a basic account is just 250 USD – spread on the EUR/USD is quite wide at 2.5 pips on this account.
  • Gold Account: This is the most popular trading account, but the minimum deposit is 5,000 USD – spreads on the EUR/USD are 2 pips. With a Gold Account, you will also have a monthly free withdrawal so you don’t need to pay any fees when you withdraw your profits.
  • Platinum Account: The minimum deposit is a little bit too steep at 10,000 USD but spreads tighten further to 1.6 pips on the EUR/USD.
  • VIP Account: For this type of account you need to commit 50,000 USD but spreads are down to 1.1 pips on the EUR/USD
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24option's Mobile Trading Platforms

You can trade through 24Options proprietary web-based trading platform, which is fairly easy to use, or use the industry-standard MT4.

Trading Platform Comparison

Broker
Platform Choice
Copy Trading
Platforms
24option
4
/ 5
Read Review
Yes
MT4
IC Markets
5
/ 5
Read Review
Yes
MT4
MT5
cTrader
TradingView
Fortrade
4.5
/ 5
Read Review
No
MT4

Other Trading Platforms

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24option Deposits and Withdrawals

24Option’s accounts require a high minimum deposit of up to 50,000 USD and little to no withdrawal fees depending on the account type.
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24option’s Research and Trading Tools

Trading Tools Comparison

Autochartist
Trading Central
Trading View
No
Yes
No
Yes
Yes
Yes
No
Yes
No
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24option’s Educational Material

Education Comparison

Unlimited Demo Account
Beginner Course
Advanced Course
No
No
No
No
Yes
Yes
Yes
Yes
Yes
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24option’s Customer Service

How Are The Best Forex Brokers Scored?

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

24option Risk Statement

24option Risk Statement

Full Risk Disclosure Click Here

User Reviews

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
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