If you’re been involved in the world of Forex and CFD trading for more than a minute, you’ve come across 24option. Well known and even innovative for this sector, you’ve seen their ads even if you haven’t tried the platform for yourself. It’s not just every platform that is endorsed by Conor McGregor, after all. Celebrity endorsements aside, this is a great brokerage house for anyone, regardless of your experience with Forex or CFD trading. 24Option has recently entered the cryptocurrency space, offering trading pairs with Bitcoin.
If you’re new to the world of CFD or Forex trading, it’s important to understand just how fast-paced and intense it will seem the first time you try it. The price of commodities, options, indices, etc. are updated in real time, and identifying trends in such a way that you can make a profit is difficult for everyone, especially people who are new to the practice.
Lots of brokerage houses don’t seem like they’re on the side of the user. Site and ap mechanics are stilted, information is hard to access, navigation is cumbersome, and withdrawing money may even seem designed to circumvent user profits.
It isn’t this way with 24option. It’s an attractive platform that works just like you want it to. Information is accessible and accurate. You have all the trading options you want, without the exhaustive mountain of possibilities available through “completist” platforms that will go nameless for the purposes of this review.
In short, it’s a friendly platform for new users, that experienced users will appreciate for its ease of use and available features. We like the choices 24option made in the design of their platform, and we think you will too.
The Basics of the 24option Platform
If you’ve used other brokerage houses, you’ve probably traded through a third party platform. The two most common are Tradologic and Spot option. 24option differentiate themselves right out of the gate by using Tech Financials. Tech Financials is easy to use, even for beginners, and makes easy viewing of large quantities of securities and associated data.
When it comes to assets traded, 24option is more typical. You’ll have a large selections of stocks, forex, commodities, and indices, each asset class full of possibilities.
Using 24option on Mobile
24option works really well on Apple and Android. CFD/Forex trading seems made for mobile, because opportunities emerge so quickly, and must be acted upon in real time. This generation of traders demands access, no matter where they happen to be standing, so a strong mobile app is a great perk.
We’ve found it easy to integrate your account between multiple devices. You can initiate a trade on your desktop at home, chart its progress on your mobile phone on the way to work, and celebrate over your tablet at the margins you earned (perhaps during a boring meeting). Other services can disappoint in this regard, so credit to 24option for paying attention to the way people trade in 2017.
Regulation and User Safety
24option is well regulated by Cysec. This regulatory body allows 24option to make its services available across Europe. The regulatory umbrella does not extend beyond Europe, so hopeful users in the United States and elsewhere are out of luck. General security is robust. 24option hasn’t disappointed in its promise to protect customers data and financials.
Everyone knows the learning curve associated with a new trading platform. Always user-focused, 24option makes it really easy to get started, even if you don’t have experience with a similar platform. They have lots of videos that will explain every aspect of the service, so that you don’t have to learn from mistakes like you do with so many other brokers. The company makes a wide array of real-time financial available for your perusal, to make the best-informed decisions in each trade.
How to Pay and Withdraw
Again, being customer-focused, 24option has a variety of ways to deposit your money and withdraw your profits on the other side. Familiar options include a regular old bank transfer, Skrill, and others. Payouts are slightly low when compared to other brokers, but some users consider this a worthwhile premium to be paid for such a service.
We like 24option a lot. If you live in the EU, this can be a great way to get your feet wet with options trading. Seamlessly integrating with all your devices, there’s no reason for traders new and old not to love 24option. If you’re just getting started with Forex or CFD trading, check out the educational resources and make sure you understand the mechanics of Forex and CFD. Once you’re onboard, an account with 24option should get you started with trading without the learning curve associated with so many alternatives.