No, 24option is not a scam, as it is regulated by IFSC. It was also regulated in Europe for many years but has now voluntarily relinquished that. You can also get assurance from the fact that it has been in operation since 2009 with a strong track record compared to other brokers .

Accepts traders from Malta

94.2

Points

Overall

Points

Commissions & Fees

Points

Licensing & Safety

Points

Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

300Number of instruments

Open Account

50,000+ Traders

Regulated by

IFSC

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

24Option review

Q: Is 24option regulated?

Yes, our review of 24option found that this broker is regulated by the IFSC Belize (International Financial Services Commission). This regulation provides peace of mind as the authority requires all brokers to offer various safeguarding measures, including a segregated accounts policy and negative balance protection.

Q: What 24option account types are there?

At 24option, you can choose from four different account types. These are offered on a tiered basis; the accounts with higher depositing limits provide tighter spreads. You can open a Basic, Gold, Platinum, or VIP live trading account. Islamic accounts can also be opened, and you can also register for a free demo account to practice trading.

Q: Does 24option charge commission?

No, 24option does not charge any commissions, regardless of your chosen account type. This makes it much easier to calculate your trading costs, as you only need to pay attention to the spreads. You may incur withdrawal and inactivity fees, however, yet these are clearly stated when you open an account and deposit.

Q: What is the minimum deposit at 24option?

The minimum deposit at 24option is just $250 for a Basic account. The deposit increases to $25,000 for a Gold account, $100,000 for a Platinum account, and $250,000 for a VIP account. You do not need to make an initial deposit when you open your account, but you must do so before trading.

28 October 2020 - Kate Leaman

Our review of 24option explores everything you need to know about this forex broker, which was founded in 2009. The broker offers access to forex, cryptocurrencies, stock CFDs, indices, ETFs, and commodities. It has earned various awards over the years, including the Forex Magnates 2013 and 2014, and the EGR Operator Awards Winner in 2014. 24option provides you with confidence via regulation from IFSC Belize and 24/5 customer support.

Trade over 300 instruments
Trade 30+ cryptocurrency pairs
Regulated by IFSC Belize
Best broker for educational videos on demand
No longer accepts EU or US clients

24Option overall scores

In this review, you can find all the information you need to decide whether 24Option is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how 24Option scored in each of our high-priority categories.

Commissions & Fees

89 Points

Payments

94 Points

Licensing & Safety

92 Points

Customer Service

99 Points

Trading Platforms & Tools

93 Points

Education

98 Points