24Option Review and Forex/CFDs Trading
Although the offering of bonuses and promotions has been restricted for brokers based in Cyprus by CySec regulation, there are currently two legacy promotions which are offered by 24option. Anyone signing up as a new client and downloading the mobile app received a one-off tradeable bonus of $24. Additionally, discretionary cash bonuses may be paid from time to time to particularly active or otherwise valuable clients.
The minimum deposit to open a live 24Option review forex account is EUR/GBP 250, with a minimum transaction size of EUR/GBP 24. 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 credit card is €250, £250, ¥50,000 and RUB 10,000. Deposits can be made in the following currencies: British Pound, Japanese Yen, and the Euro. For an electronic payment minimum deposit amounts are: €250, £250, ¥50,000 and RUB 10,000, while for a bank wire transfer, they are £1,000, €1,000 and ¥100,000.
24Option also has some maximum 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.
24option Regulation and Registrations
- The 24option review brand (EU) is owned by a Cyprus Investment Firm (CIF) called Rodeler Ltd. Based in Limassol, Cyprus, Rodeler Ltd is under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) and is licensed and authorized under the CIF license number 207/13. Rodeler Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.
- Under the European Union (EU) “Passporting” rule, the 24option brand is also registered with EU member states.
- Non-EU based clients are serviced by the company called Richfield Capital Ltd, a Belize based company regulated by the Belize International Financial Services Commission (IFSC) under the license number IFSC/60/440/TS/17)
CONCLUSION – 24option Review
24Option is tailored to fit the needs of a variety of traders so no matter of your trading style, they have the right tools for you. They are fully regulated, which means your funds are protected against any potential fraud.
24Option is a well-established and well-grounded broker. If you’re looking for a broker that offers a variety of markets, including cryptocurrencies then 24Option is a very good choice.
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