24Option Minimum Deposit

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24option Minimum Deposit 2020

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Trading binary options & CFDs involves substantial risk and may lead to loss of all invested capital.

As one of the most popular CFDs brokers, 24option is a CySEC regulated broker operating under license number 207/13 and registered by a number of institutions. 24option takes measures to safeguard Clients’ Funds. In this sense, the Company cooperates only with banks authorised and regulated by EU member states and that are highly rated by credit rating agencies.

24Option Deposit Methods

Depositing with 24option can be done using numerous payment services that are available online today. As expected they also support most popular credit cards and traders can also use bank account to wire the money “old-fashioned way”. All deposit methods have their pros and cons. However, with a list as long as 24option’s most customers won’t have problem depositing with the payment system of their choice.

As with other Forex brokers, a proof of ID is required to start trading. Regarding the payment methods, we have listed most of them for customers to have a clear idea which services they can use:

Credit card payments and e-wallets are the fastest way to get your trading account ready for investing with 24option. Bank wire deposits are the slowest in addition to requiring the biggest minimum deposit requirement.

24Option Minimum Deposit & Maximum Deposit

All online CFDs brokers have minimum and maximum deposit amounts, and 24option is no exception. The 24option minimum deposit amount is the smallest amount of money that a trader must deposit in order to have access to the site’s most basic features. The minimum deposit is generally associated with a Standard account, however, for a larger deposit, you can receive access to the features and tools offered on higher-level VIP accounts.

The amounts vary depending on deposit method and funding type.

Being regulated by CySEC makes 24 one of the most highly regulated brokers in the market today. With their versatile funding options, making deposits is fast and easy. However, be sure to follow, 24option’s minimum deposit and maximum deposit rates.

Minimum deposit amount with 24option is $100. Minimum deposit with wire transfer is $1000. There is also maximum daily amount one can deposit, it is $10,000, or $40,000 monthly. Deposits can be made in

Obviously, 24option minimum deposit requirement is not that much different from other brokers. it is meanwhile an industry standard that many see as the sweetspot for trader. Naturally there are always brokers that require very low minimum deposit, such as $10, however, one must think of the user experience that one can get that way.

With 24option traders will have enough money to conduct any kind of allocation right from the start. If the classic option (high/low) minimum trade is $24, this means that trader can place at minimum 10 trades with that money. That is calculated without a bonus, with presumption that the trader will loose them all, which I believe that is almost impossible, since even if there was no analysis and the trader just randomly chooses High or Low, some trades would end up in the money.

For traders that choose short term trades, where minimum trade is $24, the trading dynamics will get even more interesting as the fast paced trading will offer more than 40 trades in worst case scenario!

Withdrawing Money from 24option Trading Account

Withdrawals are one of the most important parts of the trading experience. The idea is that traders that earn money trading also have an opportunity to quickly withdraw their profits or deposited money. This can take some time depending on the method so we advise patience.

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  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
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  • Binomo
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    Good choice for experienced traders!

As mentioned, withdrawal with 24option can take some time, however, this is not due to broker’s incompetence, but due the fact that global banking and payment systems are still slow compared to what would one expect in 21st century.

As expected, customers need to log in, enter their account panel and choose banking. There they should select withdrawal option. Any amount over the initial deposit (meaning profit) is withdrawn via the bank wire due to global AML practices.

First withdrawal with 24option is always free. Minimum withdrawal amount is $50 (or equivalents in other currencies, see 24option website) and it is a bit high in our opinion.

  • Fees for 24option withdrawal after the first one are
  • credit cards: 3.5%
  • Skrill: 2%
  • Neteller: 3.5%
  • Bank Wire: $30, €25, 20GBP or 3000Yen

24option Trading Platform

Before one decides to invest in any other investment option, it is always a good idea to consider learning everything possible. One of the most important things to learn is the possible outcome from the market. With a special emphasis on the 24option trading platform, one of the simplest things that many take for granted is the ultimate reality that being a fixed return option, there can only ever be two options in this market. Basically what happens on the 24option trading platform is that the buyer often has the chance to purchase an asset at a predetermined price within a given timeframe.

Since everyone is in the market to trade binary options, it is important to look into ways of using the 24option trading platform to do the same. The simplest investment strategy is often to trade on the liquid strategies or the most active strategies. To determine such investment options in the market, pay attention to those indices that are traded in large volumes at the end of every other day, or the indices from companies that are overly active in a productive manner. By the end of the day, it is easy to realize that on the 24option trading platform these indices are from companies that exhibit capital growth.

Monitoring the market is key to investment success, especially on the 24option trading platform. It is recommended to look out for the moment when a market rally has risen. In the event your investment is not on the table at this particular time, it is possible to bide your time and follow up on that investment later on because by the end of the day, all the prices on the 24option trading platform often settle.

There is something that most people never really take into consideration especially with the 24option trading platform. There is a significant difference between investing in quantity options and quality options. Always pay more attention to the quality of the securities that you are looking to invest in other than the number of securities hoping to purchase. This is why 24option switched from binary options to forex trading.

24option Broker Review 2020

24option

Platforms

Tradable Assets

Spreads

Customer Support

Credibility

  • Wide range of instruments including cryptocurrencies
  • Tight spreads
  • Regulated by the IFSC and CySEC
  • Well-established brand
  • US traders not accepted
  • Demo account valid for 1 week only

Easily sign-up with 24option for free via the form below!

Introduction or Skip Content and Read the Bottom Line!

24option is one of the most reputable brokerages in the market and now they have diversified their online trading services by offering a suite of platforms.

It’s interesting that a well-known and established brand has entered the competitive world of FX and CFD trading.

So how do they compare to other forex brokerages?

Should you sign-up with 24option or would it be better to consider other brands instead?

Continue reading this unbiased and updated review to know the answers.

24option Overview
Founded 2020
Platform Scipio, MetaTrader 4, MT4 Mobile Apps
Minimum account size $100
Minimum lot size 0.01
Tradable assets 340+
Maximum margin 1:400 (for professional clients) / 1:30 (for retail clients)
Spread on EUR/USD 0.9 pips
Payment methods Credit Cards, OKPAY, Neteller, Skrill, Perfect Money, Wire Transfer, Alternative Payment Methods
Demo account 1 week with $100,000 virtual funds
Accepts US traders No
Regulated IFSC (Belize), CySEC (Cyprus)
Support Email, Phone, Live Chat
Website www.24option.com

CFD Service. 83.29% of retail clients lose money.

Registration 10/10

The initial part of the registration at 24option won’t take too much of your time nor would it need plenty of information from you.

The registration form on their website is very basic and only requires the following personal details:

  • Full name
  • Email address
  • Phone number

Once you have accomplished this form and clicked on Submit, you’ll get pop-up welcome message and will be asked to answer a short questionnaire.

This part of the registration is mandatory and imposed by local regulators so be sure to answer them correctly since the assessment would determine if your experience and profile is suitable for trading on their platform.

This is no technical exam that will require you to be an expert or experienced user. They will only provide you with several basic questions which you can finish in as fast as 5 minutes.

And once you’ve completed the questionnaire, there’s no need to wait further because you will instantly be informed if your account has been approved or not.

24option registration page

CFD Service. 83.29% of retail clients lose money.

CFD Service. 83.29% of retail clients lose money.

Account Types 10/10

Your initial deposit would determine the account type that you will be subscribed to and this could be any of the following:

  • Basic – $250 minimum deposit
  • Gold – $5,000 minimum deposit
  • Platinum – $10,000 minimum deposit
  • VIP – $50,000 minimum deposit

Each account has its own perks and of course, the higher the account type, the better the perks you’d get to enjoy.

Let’s look at it in detail:

Among the benefits that you would be able to avail may include floating spreads, education center features such as basic and advanced lessons, webinars, daily news, alerts from Trading Central, 100% margin call and free withdrawals.

24option account types

CFD Service. 83.29% of retail clients lose money.

Demo Account 8/10

If this will be your first time to use 24option’s platform or you have no trading experience at all, then the demo account is definitely useful tool that you can utilize.

How can you actually use this?

This is basically the same as the Live trading platform with live market conditions and the only difference is that you will be able to use it in virtual or practice mode.

In this way, you can explore the user interface, do test trades and apply various strategies to see which one works best for you without using the real funds on your account.

Via the demo mode, you will be utilizing the $100,000 virtual funds which we believe is more than enough for you to use to fully maximize this feature.

But there’s one small catch…

The demo account will only be valid for 1 week only so make sure that you take advantage of it before it expires.

You can get in touch with your account manager and request to add more funds in your virtual account or extend the validity of your demo account. This however is subject to their approval.

24option demo account

CFD Service. 83.29% of retail clients lose money.

How to access the 24option demo account?

Right after you have completed the registration process and the assessment, you will be redirected to the main trading platform page.

From there, locate the top section where your account number is displayed and the text “Live”. Place your mouse pointer on these details in order to reveal the dropdown menu and click on “Demo” to trigger the demo account.

How to access 24option’s demo account

CFD Service. 83.29% of retail clients lose money.

Payment Methods 10/10

There are plenty of options for you to choose from in adding funds into your 24option account. In fact, there’s a high chance that you’ll have one of these payment methods.

The banking methods that they accept are among the most secured and the most known in the market.

As of press time, here are the banking methods that 24option supports:

  • Credit cards
  • OKPAY
  • Neteller
  • Skrill
  • Perfect Money
  • Wire Transfer
  • Alternative payment methods

So what’s the big deal?

Having a lot of options to fund your 24option trading account gives makes it easier and hassle-free since there are more ways to make a deposit.

24option deposit page

CFD Service. 83.29% of retail clients lose money.

This will give you a lot of convenience in transferring funds into your account and such convenience merits a perfect score.

Minimum Deposit 8/10

You can open a live trading account with a minimum initial deposit of $100.

This amount is just a little higher than the requirement of most of brokerages today.

The thing is, majority of brokerages today require much higher initial deposits from their clients in order for them to trade.

So in comparison…

24option’s minimum deposit requirement is reasonable. And in fact, this amount is just right enough especially if you’re a beginner so you can have ample funds to invest on several instruments.

Want to register now with Plus500? You can click on the button below and we’ll take you straight to the sign-up page:

CFD Service. 83.29% of retail clients lose money.

Platforms 9.2

24option will provide you with a choice advanced platforms: one that they have developed in-house and one of the most popular forex trading applications out there.

Currently, the following platforms are your options:

  • Scipio – A proprietary web-based platform which they have enhanced with more features.
  • MetaTrader4 – They added this standard platform for the convenience of users who are used this popular software.
  • MT4 apps – These can be installed on mobile devices running on Apple’s iOS and Google’s Android.

We have tested all of the platforms listed above and we find them all very convenient to use.

They are bug-free and are not highly resource-intensive so they operate very smoothly.

Design 10/10

The downloadable MetaTrader 4 client only offers the basic platform design which is why brokerages like 24option won’t be able to incorporate any additional visual elements on this trading software.

Here’s what 24option’s MetaTrader 4 platform looks like:

24option MetaTrader 4 platform

CFD Service. 83.29% of retail clients lose money.

Nevertheless, they managed to keep the interface free from clutter and as simple as it can be.

On the other hand:

The feature of their Scipio platform design over their competition is that they have made it quick and easy for CFD/Forex trading without the need to open and close any windows on your computer.

You can simply click on the links at the top the interface to open the platform and begin trading as you wish.

Here’s what the Scipio platform looks like:

24option Scipio platform

CFD Service. 83.29% of retail clients lose money.

Its mobile version is not very far from its design so switching from the web-based version to the mobile app and vice-versa won’t cause you any confusion.

Here’s a screenshot of their Android app:

24option Android app

CFD Service. 83.29% of retail clients lose money.

Tradable Assets 8.9/10

24option’s platforms have more than 340 underlying assets which are composed of commodities, stocks, indices, forex, ETFs and even cryptocurrencies.

CFD Service. 83.29% of retail clients lose money.

Here are the current instruments that you can invest on:

Forex

You’ll find a selection of around 30 currency pairs including majors, minors and exotics. Among the forex pairs you can invest include EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USED, NZD/USD, EUR/GBP, EUR/GBP, EUR/CHF, EUR/JPY, AUD/CHF, AUD/CAD and more.

Commodities

Plenty of commodities are available such as precious metals (gold, silver, aluminum, zinc, nickel, copper and palladium), soft commodities (coffee, cocoa, corn, orange, rice, soybean and wheat) and energies (crude oil and natural gas).

Indices

You can choose from a list of popular equity indices like TA35, TADAWUL, OMXS30, NIKKEI, DAX, FTSE, NASDAQ, SP500, ICE USD, ASX, JSE and MIB.

Shares

Here’s the kicker:

There are around 200 stocks to choose from on the platform so you practically have a lot of options. Coca-Cola, Apple, eBay, Disney, Facebook IBM, Alibaba, Amazon and Netflix are just among the popular companies you can trade on.

Cryptocurrencies

This new asset class is also available on 24option’s platform. You can invest on the most popular digital coins like Bitcoin, Bitcoin Gold, Litecoin, Dashcoin, Ripple, Ethereum, Ethereum Classic and Monero.

24option is among the very few brokers in the market today that allows CFD cryptocurrency trading for both full size and mini contracts and the coins can be traded not only against the USD currency but also against EUR and GBP.

A word of caution:

When you’re trading cryptocurrencies via CFDs, please remember that this is not the same as buying/selling cryptocurrencies from an exchange.

Trading on the most popular Exchange Traded Funds (ETFs) is possible via this CFD service and the great thing is that you’ll have around 30 choices such as UCO, USO, XLF, XLY, XLK, ACWI, DBC, EWT, FAS, LIT and MDY.

Such variety gives you the chance to expand your investment journey by having a flexible and diversified range of underlying assets which is why they deserve an above-average score.

Minimum Lot Size 10/10

We can’t emphasize enough:

The size of your lot will directly influence your risk management and the smaller the lot, the better you can control your risk.

Most retail brokerages allow their clients to trade with micro lots which means a Buy or Sell order will be placed for 1,000 units.

The fact of the matter is…

Micro lots are the smallest tradable lot size that are usually allowed by most brokers and the good news is that this brokerage offers the same size for specific account types.

Like most brokers, 24option also allow trading with micro lots for as low as 0.01 giving traders the opportunity to invest with lower risks.

Spreads 9.8/10

24option offers floating spreads and the higher the account type, the tighter the spread you get to enjoy.

For a new entrant in the forex and CFD trading industry, their spreads are very competitive even for the hottest currency pairs in the market like EUR/USD which can reach as low as 0.9 pips for VIP account holders.

Basic, Gold and Platinum accounts have EUR/USD spreads of 2.5 pips, 2 pips and 1.6 pips, respectively.

We’ve matched these numbers with other brokerages and generally, 24option’s spreads are competitive and compare fairly well with their competitors.

CFD Service. 83.29% of retail clients lose money.

Quotes Accuracy 10/10

If your broker is not capable of providing you accurate and real-time quotes then you won’t be able to make a profit regardless of how skilled or experienced you are.

In order to see the accuracy of the prices shown on 24option’s platforms, we’ve monitored them for over a week and compared them with the actual market prices from reliable quote providers.

24option quotes accuracy

CFD Service. 83.29% of retail clients lose money.

Several tests were done to check the accuracy of the prices that are shown on 24option’s platforms and the good news is that there were no discrepancies encountered and trades were also executed without any delays.

Withdrawal Time 10/10

For security purposes, you need to verify your account before you can make a withdrawal request.

Here’s how it goes:

Simply submit them your proof of ID, proof of residence, complete assessment of appropriateness and verification of the payment method that you used to accomplish this.

And once the account has been verified, you will be able to withdraw your funds and if the request will be processed without any undue delay.

Generally, the processing time is impressively fast.

Customer Support 9/10

Customer service is one of the key aspects that can help you judge the reliability and trustworthiness of a broker.

How fast and professional they are in attending to your needs and queries will definitely show how they treat their customers.

So let’s get down to it

24option offers customer support via phone, email and live chat and their availability is 24 hours a day, 5 days a week so there’s always someone to talk to whenever you need help.

They are not available on weekends but we consider this as a minor downside since the action happens on weekdays when markets are open.

24option customer support

CFD Service. 83.29% of retail clients lose money.

In order to fully determine the quality of their customer service, we’ve done a thorough test by contacting them via all modes of communication and asking the several questions.

So how did it turn out?

Getting in touch with 24option’s customer service department was never a problem.

Via phone, we were able to talk to one of their agents in less than a minute and all of our questions and concerns were answered in a timely manner.

The same goes for the email support although the response time was around 30 minutes which is still faster compared to other brokerages which would take more than day to answer a very basic question.

We found the live chat support to be a very convenient way to contact them. This feature is readily accessible on their website regardless if you’re logged-in or not. All you have to do is provide your name and email address and start the conversation.

24option live chat

CFD Service. 83.29% of retail clients lose money.

So it all adds up to this:

24option’s customer service is superb! They know how to handle almost any kind of customer query, issue or concern and they deliver it with ease and through multiple channels.

The ease of getting immediate customer service is the reason why we’re giving them a very satisfactory score.

CFD Service. 83.29% of retail clients lose money.

Credibility 9.2/10

24option is among the biggest brands in the online trading market so if you’re concerned about their credibility then this is definitely not an issue because they have been operating since 2020.

But other than that…

Recent reviews and comments show that their CFDs/Forex services have been well-received by traders.

There were plenty of positive comments from their satisfied clients that can be found on various forex and trading forums, online communities and even on social media.

So what does all this mean?

This strongly indicates that 24option was able to sustain their good credibility.

Regulation and License 9/9

24option is a brand name shared between two group companies, Rodeler Limited and Richfield Capital Limited.

Rodeler Limited is authorised and regulated by the Cyprus Securities and Exchange Commission while Richfield Capital Limited is regulated by the International Financial Services Commission.

Rodeler Limited offers services within the European Economic Area (excluding Belgium) and Switzerland while Richfield Capital Limited offers its services to all countries that are outside the European Economic area and Switzerland, the USA the British Columbia, Canada and some other regions.

Conclusion 9.2/10

24option is a great addition to the competitive foreign exchange market with their full-feature platforms and client benefits.

What sets them apart from the rest is that they have good reputation, excellent support and other trading benefits that you won’t just find from any other broker.

They have flexible trading conditions that are suitable not just for experienced and skilled traders but also for those who are just starting to explore opportunities in the financial markets.

The professional 24/5 support is unquestionable and reliable in the event that you need assistance or help with your online trading account.

24option has all the necessary features and perks that traders are looking for in a broker. It is easy to see why they are a well-established brand and a popular choice among forex and CFD traders.

CFD Service. 83.29% of retail clients lose money.

Binary Option Brokers with Low Minimum Deposit

Without making large investment, binary options are the best way to earn a profit. Brokers offer a condition to deposit with minimum amount because most of the brokers try to attract the number of possible customers.

Those brokers who offer with minimum deposit of trading binary options shows their loyalty to their customers and in the beginning they allow to reduce the risk by investing the small amount and some of brokers offer with the deposit of $1, $5 or $10, which is the affordable amount for any of the trader at his first step in financial market. There are several brokerage companies that allow to open account with a deposit of $1-10 dollars and with this amount the trader can try to make a successful trading. Practice describes the statement that even with investing a small amount there is a chance to develop an activity that is successful, whenever on stock exchange or with binary options broker.

Best Brokers with the Minimum Deposit $1 – $10

Many traders pay attention to low minimum deposit while choosing broker. For the novice or average trader this gives an opportunity to start trading from scratch.

This way traders can check the integrity and reliability of trading platform with minimum deposit. The binary options cost is an important consideration for those traders who want to buy binary options at minimal cost of 1 dollar.

IQ Option – EU regulated broker with $1 minimum trade

IQ Option allows to enter financial market with the limited funds and provides traders with really innovative trading platform and customer support on 20 different languages. Broker minimum deposit is $10, in addition free demo account available to everyone. IQ Option is a highly reliable broker, regulated by CySEC.

OlympTrade – Binary Options with $10 initial deposit

OlympTrade is the another well-known broker started his business from scratch and with a history of vivid illustration that the person can achieve with high financial peaks with minimum option of $1 and deposit of $10 the beginners can proceed from demo account to real treading.

Binomo

Binomo attracts young and perspective customers with their ability to trade with trading binary option with deposit of $10 and $1 minimum deal amount. The company becomes popular in the beginning because it offers to start with minimum deposit and also offers free demo account that anyone can start using immediately.

Ayrex – $5 minimum deposit and high quality platform

Ayrex is one of the distinctive upcoming binary options brokers in the industry. The type of seriousness shown by their team will go a long way in taking them to new heights. The minimum deposit is $5 to start trading with the broker.

Binary.com – Start trading binary options with $5

For binary options trading the Binary.com is the oldest platform among all. To open an account with Binary.com you need to deposit with the amount $5 and this company with innovative products is developer in trading. The company keeps the clients funds in banks with AAA rates and ensures you with the complete safety on all the deposits, no matter on the sizes and without exception.

Some of the brokers like IQ Option, Binary or OlympTrade that offer with the simple solutions that don’t require of large expenditures but the profits from these brokers are not so high but for the traders who are experienced invaluable and are the beginners are the best option for them and who want to understand trading binary options with mechanics. Companies confidently occupy with the rating and a leading position of the binary option brokers with a minimum deposit.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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