24 Options Review in South Africa

online trading » 24 Options Review in South Africa
24 Options Review in South Africa 2019-03-16T00:58:36+00:00

The company’s recently supplemental a forex and CFD brokerage service, giving up to 400:1 leverage for forex trades, although restrictions apply on trading some currency pairs.24Option offers commerce altogether major and minor currency pairs that embrace key currencies from nations round the world, just like the EUR, USD, JPY, GBP, AUD and CHF, aswell as exotic currency pairs.

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Traders with 24Option have the flexibility to trade via its proprietary platform, in addition to MetaTrader4 and on mobile devices using the iOS and Android operating systems.


Much like alternative forex on-line brokers, the company does not charge its clients commission, relying instead on widening a currency pair’s dealer spread to compensate themselves.
24Option offers quite competitive dealer spreads that depend upon the customer’s account sort.

Trading Software

In addition to allowing traders to use the popular MetaTrader4 platform developed by MetaQuotes, 24Option has developed their own dedicated trading platform in-house, which includes many interesting features not found
on alternative commerce platforms which were antecedently inaccessible on the company’s previous web-based platform.

Deposits and Withdrawals

The various 24Option account sorts square measure assessed associate degreed upgraded for every shopper in step with an account manager’s analysis.
They include these types:

  • Basic – the 24Option Basic account needs a minimum deposit of €250, £250, ¥25,000 or RUB 10,000.
  • Offers one basic lesson, daily news, commerce central with sms alerts.
  • EURUSD pips square measure at two.3 and therefore the leverage is 1:30.
  • Outside of EU the leverage is 1:500 for all accounts.

Gold – The minimum deposit is EUR/GBP five,000 Offers two basic lessons, one monthly webinar, daily news, trading central with sms alerts.
EURUSD pips square measure at one.8 and therefore the leverage is 1:30.

Platinum – min deposit for atomic number 78 account is EUR/GBP ten,000.
In addition it offers three advanced lessons, two monthly webinar, daily news, trading central with sms alerts.
EURUSD pips square measure at one.4 and the leverage is 1:400.

VIP – minimum deposit is EUR/GBP 50,000.
In addition it offers five advanced lessons, 5 monthly webinar, daily news, trading central with sms alerts.
EURUSD pips square measure at zero.9 and the leverage is 1:400.

Outside of EU the leverage is 1:500 for all accounts.
The minimum deposit to open a live 24Option forex account is 250 EUR, 250 GBP, 1200 ZAR, 10K RUB and 250 USD, with a minimum transaction size of EUR/GBP 0.01 lot. Deposits to fund a 24Option live account can be made via credit card: the company accepts Visa, MasterCard and Discover, through Skrill electronic payment and through bank wire transfers. The company also accepts UCash, Neteller, Qiwi, Sofort, WebMoeny and PaySafe, to name just a few, but they do not accept PayPal payments.
The minimum deposit for a mastercard is 250 EUR, 250 GBP, 1200 ZAR, 10K RUB, 250 USD.
Deposits is created within the following currencies: EUR, GBP, USD, RUB, ZAR.
For associate degree electronic payment minimum deposit amounts are: €250, £250, ¥50,000 and RUB ten,000, while for a bank wire transfer, they are £1,000, €1,000 and ¥100,000.

24Option additionally has some most deposit amounts, which is a daily limit of 10,000 Euros or Sterling and ¥100,000 for credit cards, and a monthly limit of 40,000 Euros or
Sterlingand ¥4,000,000.
For withdrawals, the customer must first verify their account with a copy of a government issued identification such as a passport or driver’s license, proof of residence in the form
of a utility bill and a replica of each side of their mastercard if that’s wherever the withdrawal is being created to.
This verification method must be recurrent each time a brand new payment methodology is employed.

Withdrawal requests square measure processed throughout traditional Cyprus business hours from Monday through Th between 9:00 am and 4:00 pm and between 9:00 am and 1:30 pm on Friday.
Basic account has 1 free withdrawal fee. Gold has 1 free monthly withdrawal. Platinum has 3 monthly free withdrawals. VIP has no fees at all.

Customer Support

24Option’s client service department offers 24/5 live chat and email support, with telephone assistance in 12 countries.
Their proprietary commerce platform is additionally translated into thirteen languages.
The live chat attendant appeared rather slow to reply once tested many times.

In addition to its client support department, the company offers a wide range of educational materials, such as daily market news and updates, live webinars and interactive eBooks.
Their commerce Central feature permits shoppers to access third party marketing research and historical information.
24Option also provides videos on demand,