For the past 5 years, 24option is present on South African market and provides traders with an innovative trading software for mobile, desktop or tablet.
24option South Africa is a brokerage, owned by Rodeler Ltd. in Cyprus. To know more about trading with 24option, read the rest of our 24option South Africa article with many useful trading tips.
24option Trading Characteristics
24option falls in the category of regulated brokers and South Africans who are looking to trade with this broker will have a fine choce of underlying assets to choose from.
24option minimum deposit is set to $250 with lowest investment of $24. South Africans can trade with a variety of underlying assets, such as currencies, stocks, commodities and indices. A lot of these underlying assets are traded on Johannesburg Stock Exchange (JSE).
Which 24option South Africa Account Type to Choose?
24option South Africa offers different accounts to traders, residing in South Africa.
Account types that are available to trade with are listed by order: Standard, Silver, Gold, Platinum and Diamond account. Overall, these accounts are different by invested amount of money, trading features and number of trading alerts.
For example, education materials are available for all types of accounts and include ebook and trading tutorials. For more upgraded accounts, traders can also use personal sessions and professional trading chart.
Same thing can be applied in aspect of very useful trading alerts, which are available in all accounts besides Standard one. In Standard and Silver account, traders have one free withdrawal per month, while in others, all withdrawal are unlimited.
Importance of 24option South Africa Features
Our readers would be happy to know that 24option South Africa offer on their platform an exquisite range of education materials, demo account and 24option mobile app.
All above mentioned features are meaningful for those who participate on financial market. Instruments, such as ebook, a variety of trading tutorials and webinars are very useful because they assist traders during trading process.
These materials cover both basics and advanced trading. Under 24option blog, traders can get latest market updates of particular underlying assets which are being traded.
24option South Africa mobile trading actually means that this broker has created mobile app for traders to keep trading on smartphones and tablets as well as on computers. This is great feature for those South Africans who love trading when they’re on the move.
But probably the most widespread 24option South Africa service is use of demo (trial) account.
This is seen as a great opportunity to practice forex trading and improve trading skills at no risk invested. With no real money involved, demo serves as a practice field where it is possible to use a selection of strategies and tools to see how will they react on a financial market.
With growth of trader’s confidence in demo, traders can afterwards switch to real account type and explore more strategies.
How to Deposit/Withdraw with 24option South Africa?
Answer to that question is actually very simple. 24option South Africa has made is simple for traders who deposit with them. As stated earlier, any information given to 24option is safe due to SSL encryption.
Before making any deposits, traders should send 24option proof of address, copy of photo ID and credit card copy in order to confirm identification.
Very popular payment method in online trading industry are e-wallet providers. With 24option South Africa, traders can deposit with Skrill Moneybookers and Neteller.
Other deposit options are through debit/credit cards (Visa, Visa Electron, Mastercard, Dankort, JCB, Discover Card, Laser, Cartasi, Diners Club and Liberty Rose) and transfer via bank wire.
Withdrawals usually last up to 5 business days and lowest amount to withdraw is $250. South Africans only have to keep in mind that the currency chosen when depositing has to remain the same during withdrawing.
How to Reach 24option Customer Service?
In case traders want to dial 24option, they can do that on South African phone number +27 10 500 8042.
Other channels of communication are through live chat and email [email protected].
Customer support is truly one of the most significant element in forex trading. A good agent on live chat, as we tried it, can greatly assist you when trading with different underlying assets.
It is always recommended to trade with a broker wich has been on the market for a longer period of time so 24option could be an interesting choice for South African traders. Their speed and efficient customer support is important, especially for new traders, interested in this field.
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