24option General Info
24option is one of most recognized and reliable forex and CFDs brokers in online trading industry, now available in South Africa too. One of rare brands that also accept ZAR deposits!
We had a pleasure reviewing them and offer our readers an objective overview of 24option trading platform. In our 24option review you can get closer insight of available trading features.
Owned by Rodeler Limited, 24option review is present in the options industry since 2010. In 2017 they expanded they offering with CFDs and Forex making them complete. Eventually the binary options offering was ditched in favor of CFDs which enable better terms for traders since they dont need expiry time enabling customers to close trades when they want without penalties. The new platform for FX and CFDs is super intuitive and most traders will find it easy to trade on this global market.
Below, you can find out more about:
24option Trading Platform
Trading software, used by 24option is MT4 and the Web Trader . Known for its high security level, platform is easy to use and present no difficulties for South African traders. With a modern visual appearance, 24option is an excellent choice for traders to join this trading platform and start online trading journey. This broker offers its trading platform to traders worldwide, including traders from South Africa.
To start trading with 24option, minimum deposit is $250 and leverage i 1:400.
Investment amount range from 0.01 lot per trade. South African traders are enabled to open accounts with EUR, USD and GBP.
24option Trading Features
In 24option review, we found out they have available a wide range of trade options, which include all kinds of underlying assets to base CFDs on.
These trade options are combined with different features like stop loss and others. To their traders from South Africa, 24option review offers a wide range of underlying assets, which we can divide in stocks, commodities, currencies and indices. To be more specific, this broker offers on trading platform 43 stocks, 11 commodities, 30 currencies and 19 indices. Trading hours with underlying assets are Mondays to Fridays from 5 a.m. to 10 p.m.
24option have available several different and yet useful trading features, that can helptraders maximize their trading experience. Features like mobile trading anddemo account are excellent tools that show effort of this broker to give its best to ensuretraders an alternative trading experience.
Mobile trading is for sure very convenient for all South African traders. With the use of mobile app it is possible to trades on mobile platform also.
24option mobile app is compatible with iOS system and Android devices also. Traders can place trades on a wide range of underlying assets also on mobile platform.
With such a possibility, traders no longer have to use regular platform, now they can everywhere and still be able to continue trading CFDs. Mobile app can be used on smartphones and tablets, as well as on computers.
The second great feature offered by 24option review is demo account, that has shown to be extremely useful for all levels of traders, especially for those who have just joined the 24option trading platform.
On demo platform, traders can see how it actually looks like when you trade CFDs. Great thing regarding demo is that is risk free, because you don’t invest your real money, it is only virtual one.
This way, 24option enables traders in South Africa to practice and use some of trading techniques and strategies to see will it turn out to be successful or not. Later on, when you feel confident enough in your trading skills, you can just switch from demo trading to real one and place trades in numerous underlying assets.
On trading platform, as visible in 24option review, we have seen one of the best Education Center in the forex industry.
A variety of tutorials, videos, ebooks and many more are available in our 24option review. Traders with different trading knowledge can use these trading tutorials.
This education support presents an excellent feature for both beginners traders and professional traders, due to the fact that multiple trading materials are offered for basic trading and also, advanced trading. South African traders can check 24option’s blog and see the latest market news, based on current market situation.
24option Trading Accounts
With 5 available account types, no one can actually say that 24option doesn’t provide traders with a choice.
Based on minimum deposit amount invested and other trading features and services, all these account have their differences. More detailed info please read below in 24option review:
24option Basic Account
In this account type, South African traders can find a lot of trading tools and options to be used in the trading process. They include leverage up to 1:200 (a feature which assist traders to achieve higher impact while having smalller amounts of money).
South Africans also have access to three types of spreads for different currency pairs; exotics, majors and minors. Entire trading process can be done on web-based platform as well as MT4 platform. We also discovered in 24option broker review how they provide One-click trading feature which enables traders to execute trades faster than before.
24/7 customer support service is included in 24option Basic account, alongside with one free withdrawal per month. As part of Basic account, Trading Central (basic) is also included as a powerful analyzing tool to use.
24option Silver Account
In 24option Silver account, South African traders have on disposal same trading techniques and instruments as in Basic account. They include: leverage up to 1:200, spreads (3, 4 and 7 pips), one click trading option, mobile app and customer support agents which are available 24 hrs per day.
Traders can get one withdrawal per month free of charge, as well as opportunity to use Trading Central. Also, this trading account includes trading alerts about upcoming events which are generated in real time. In Silver account type, Personal Coach is included for traders to contact him regarding any trading question.
24option Gold Account
In our 24option broker review, we noticed how Gold account is marked as the most popular trading account, in comparison with other ones. This account type included all trading options and feature as seen in Silver account type.
The only additional tool is possibility to receive trading signals via smartphone or sms. Just as with Silver account, traders in South Africa are able to get help from dedicated account manager, have one free withdrawal per month, features such as mobile app, one-click trading etc.
24option Platinum Account
What South Africans get with Platinum account seems as a wide selection of trading tools and services, which can assist traders into having better financial results while trading online.
Platinum trading account includes: leverage up to 1:200, major, exotics and minor spreads, mobile platform version and one-click trading. There is no withdrawal fee meaning how traders can withdrawal whatever number of times they want.
Traders have option to contact dedicated Personal Coach or support agents who are available 24/7. Also, it is possible to recieve trading alerts in real time, get them via sms or email. In this Platinum account, traders can learn from website research, just as having access on live training sessions.
24option Diamond Account
Diamond account presents itself as the most equipped trading account of 24option broker. This account type includes same trading instruments and features, which can be seen in Platinum account. Addition to this list are Juventus tickets if traders qualify for them and one special option; customized trading platform.
24option Customer Support
To have a good and up to date customer support is important when trading online.
After writing 24option review, we believe that traders from South Africa will be happy to know there are multiple ways on how to contact 24option. First of all, we would like to emphasize how 24option platform is available on many different countries for their traders around the world.
This includes English, Spanish, French, German, Russian, Italian, Danish, Swedish, Finnish, Japanese, Korean, Romanian, Portuguese, Arabic, Turkish and Indonesian.
Traders can reach 24option agents through email on [email protected], live chat and via telephone for 21 countries worldwide, including South Africa on +27 10 500 8042.
Customer support agents are available 24/7 and we had a positive experience with provided feedback during our 24option review.
24option Banking Info
Main goal of 24option review is to provide South African traders the opportunity to expand their trading experience within a fast trading, regulatory environment.
Security is very important in trading process because it ensure traders to have a safe trading experience, especially visible during depositing or withdrawing money.
24option offers traders many available payment options, including debit and credit card payment, bank wire and e-wallets.
Available cards that can be used when depositing and withdrawing funds are: Visa, Visa Electron, Mastercard, Dankort, Diners Club, JCB, Discover Card, Cartasi, Liberty Reserve and Laser. From e-wallets, available payment providers are Skrill Moneybookers and Neteller.
The latest announcement arrived from PaySafe Group, who own PaSafe Card as an alternative payment method. In March 2016, they decided to join FTSE 250 Index and expand their investor net more and continue to provide services to traders in South Africa who use PaySafe Card as a way to deposit or withdraw funds.
Before money withdrawal, certain documents should be submitted. That includes proof of address, copy of photo ID and a copy of credit card, if it is used in the trading process (only last 4 digits visible).
It takes up to 5 business days until the money is visible on the trader’s account.
Minimum withdrawal is $250 and traders should know that the same currency chosen in deposit process, has to remain the same in the withdrawal process also. When withdrawing funds, 24option charges fees and amount depends whether traders use credit cards (3.5%), Skrill Moneybookers (2%) and bank wire ($30).
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