24option review: updated broker reviews in 2021

24option it is a broker with which you can invest in CFDs and, specifically, in the Forex market. As you know, there are many so-called investment platforms that are engaged in simple scam, but 24option is not one of them. In this review, we explain why, in our opinion, it is a safe place to invest.

In fact, to give greater security to those who fear fraud, we can advance that it is registered with the CySEC and in a complementary way with the CNMV with the registration number 3603. It offers a website with an intuitive and attractive design, which provides a good user experience with up to 5 account types so that you can find the best one according to your needs.

Our experience with 24option

To find out if a trading platform is reliable or not, it is best to test it and that is exactly what we have done. Our experience with this broker has been very positive and we can assure that it is reliable.

*84.1% of retail investors who invest in CFDs with this provider lose liquidity; therefore, you should consider whether you can afford the high risk of losing money. Previously, 24option was dedicated to binary options, but with the growth achieved thanks to the support of its clients, it has switched to a more serious business model such as CFDs. Therefore, we have now included it in our list of safe Forex brokers after checking the behavior of this company again, it has left us with very good feelings.

The interface is very simple with a Moderna and elegant aesthetic in which black predominates. In the menu on the left you have the different investment options and on the right you will see the graph of the asset that you are currently analyzing. They also have applications for Android and iTunes.

With them, you will be able to trade CFDs on indices, forex including a good diversity of cryptocurrencies, stocks and commodities. All this comfortably from your home and counting on the help of their customer service by phone or live chat, and with the web available 24 hours a day, 7 days a week.

24option: Scam or legit?

In our opinion, certainly legit. There is a lot of uncertainty when it comes to online financial platforms and their security. Firstly because it is difficult, if not impossible, to find a physical office to go to and secondly because there are scammers who take advantage of unsuspecting investors.

As we have already told you in the introduction of this binary options investment broker it is an absolutely reliable investment option. This is a broker regulated by the CySEC (Cyprus Securities and Exchange Commission) , licensed by the Cyprus Securities and Exchange Commission number 207/13, which already guarantees us an appropriate level of security for investing.

In addition, this is a company that has been operating for years and has not presented problems even before following the Cypriot regulations, so you can rest assured about its reliability.

Opinions about the offer of 24option

24option's offer is very complete for investing in financial markets. On its website you have the possibility to invest in indices, forex, stocks and commodities, all with maximum security and in a highly intuitive way. Find out the details below.

CFDs

The CFD investment available is very diverse and will allow you to take advantage of practically any trend or market movement. A good example of this is that you can trade with a good number of cryptocurrency pairs in what has been a smart strategic move by 24option after the great bitcoin bubble. In this way you will be able to trade with more than 30 pairs related to cryptocurrencies, which can be of cryptocurrencies among themselves or of cryptocurrencies with respect to traditional currencies such as the dollar, the dollar, the pound, etc.

You also have the possibility to invest in more than 20 indices, shares of the American and dollar stock exchanges and raw materials, which is in our opinion a good offer.

The investment dynamics are simple, within that you must know the operation of CFDs well. In 24option, you simply select the underlying you want to buy and sell and in the central part of the screen you will have the option to put stops for losses and profits so that you can manage the risk easily.

Binary options trading

Previously, the option of investing in binary options was offered, but now it focuses on CFD trading. This evolution is a natural step in a company that is growing and has more economic capacity to assume the risks of CFDs. While in Esta.info we think that binary options are a perfectly legal and useful instrument for those who know how to use them managing risks, offering CFDs is always a sign that the company is serious and progressing.

In addition, the website has a wide variety of educational resources, from texts and videos to webinars, so that less experienced investors can learn how to trade. In the case of the videos, you will find them divided into three levels, basic, intermediate and advanced, so that you can find the ones that interest you more easily.

Offers and bonuses

Many users come to our website interested in the promotions and bonuses of online brokers. Some are so fantastic that they look like scams, right? And in fact some were or were close to being. That is why the CySEC has forced the brokers that have its license to carry out a much more transparent policy regarding promotions and also regarding bonuses. From the Cypriot commission consider, that bonds can induce to trade too much and that increases the risk of investors.

Consequently, many investment companies, including the one we are reviewing here, have chosen to eliminate automatic welcome bonuses. That is, at present this broker does not offer any welcome bonus.

That said, we can't go without saying that if they finally grant you a bonus, you should ask them to send you their terms and conditions in writing and read them carefully before accepting them. Even if you have asked for it, you will always have the right to reject it instead of accepting it, if when you see the terms and conditions there is something that does not convince you.

Payment methods

To open an account on the web you only need about 3 minutes. Once you have done so you will be able to make your first income.

Entering money is as simple as registering, since the company accepts a large number of payment methods, among which Visa, Visa Electron, MasterCard, Discover, Diners, Switch, JCB, Teleingreso, Hal-Cash, Skrill, Delta, Neosurf, AstroPay, Qiwi, Sofort, Neteller, Bank Transfer, Paysafecard, Thawte, Moneta, Giropay or Cash stand out.

The best? That the platform charges you absolutely nothing for entering money.

The minimum deposit is $100, but if you want you can open an account without depositing anything to take a look. Also if you do it from the mobile you can count on $ 24 to try (see the conditions in the previous section). For withdrawing the money there is a small commission that ranges from 3.5% of credit cards or electronic wallets such as Qiwi, OKpay and Neteller, to 0.9% of Webmoney, passing through 2% of Perfect Money and Skrill.

Security and regulations at 24option

Important note

24 option has a serious error on its New Zealand website. This redirects us to the international web version for countries outside the Dollarpea Union. It informs us that you cannot open an account from any EU country. This is a web redirection error. From Estafa.info we have contacted them to correct it. In any case, it is perfectly legal and safe to invest with 24option. Here we explain why:

24option is a CFD broker regulated by the CySEC, licensed by the Cyprus Securities and Exchange Commission number 207/13, which already guarantees us an appropriate level of security to invest avoiding any possibility of fraud, but it is also registered with the CNMV as foreign investment services Companies in free provision with the number 3603. As a result of its registration with the Cyprus Commission, it also has the approval of the regulatory institutions of the United Kingdom (FCA), Italy (CONSOB), Slovenia (ATVP), Germany (BAFIN), France (BDF), Czech Republic (CNB), Greece (HELLENIC), the Netherlands (AFM) and Austria (FMA).

The fact of complying with the Cypriot regulation makes them comply with strict security measures, which cover all private investors who trade with them, not professionals. This coverage includes, of course, the refund of the money in cases where the Cypriot regulation considers it so. The policy of this investment platform contemplates issues related to the receipt and transmission of orders, their execution, the safeguarding of money and the management of financial instruments offered by the company.

In the transactions section, they also comply well, since they are protected by SSL (ClickSSL and Thawte). Before withdrawing money from the account, you must also provide them with sufficient proof of your identity, such as an image of the card and an invoice that shows your name and address. In short, 24option is absolutely safe to trade with from New Zealand. It is not a scam and is free of suspicion about any kind of scam.

Customer service

When choosing a good broker, many are guided by opinions about customer service because, when it comes to money, having a friendly, professional and always available service is essential. You can also get in touch with the customer service by email or if you are in a hurry as expected in everything related to investment, by phone or live chat, 24 hours a day, 7 days a week. The customer service agents are very friendly and what is more important they know perfectly both the product and the possibilities of the users.

To use the chat you only need an email account. The waiting time depends on the volume of users who are trying to attend at that moment, but in our experience it was from a few seconds to just over 3 minutes. Of course, among the languages available in the customer service is New Zealand, so you will not have any problems in this aspect. The truth is that in this section this financial intermediary deserves a high note, because they know that trust is a fundamental factor for the New Zealand market.

Functionality of the website

The website works without any problems. In it, decisions can be made quickly thanks to the fact that you can view the graphs at the same time as the asset and profitability. On the same screen you have all the information you need and if you need to see your history to make a check or consult your open positions, you can also do it through a useful tab-based design. There are no distracting elements. On this website you will see everything you need at a glance. Of course, keep in mind that you will need to have JavaScript enabled.

24option mobile app

In addition to a website with a friendly and easy-to-use design, it has two apps available to its users on Google Play for Android and iTunes. Both are updated frequently and have their own customer support services. As it could not be otherwise, both applications are available in more than 12 languages including New Zealand.

Through them, you can carry out all financial operations in the same way as in the computer version and also deposit or withdraw funds from the account. Of course, before using the app you must verify the phone, because the company wants to make sure that it is really you who is going to manage the account through the device. It is true that there are some sporadic opinions of users saying that they have not managed to carry out the validation, but we, despite the fact that we had no problems, tried to ask customer service for help and they kindly informed us of the process, which on the other hand has no major complications.

Finding

In our opinion 24option is a good opportunity to carry out CFD operations in a safe way as far as the financial intermediary is concerned. After having tried it we are sure that it is not a scam or a scam, but on the contrary it is 100% reliable and a great opportunity to operate without fraud. Both the regulations to which he adheres, and the experience of his years of work suggest to us that he will not give security problems in the future.

This is joined by a very useful interface to operate quickly and without distractions, good customer service and above all a very good offer of underlying assets that will allow you to invest without problem in different sectors and geographical areas.

*84.1% of retail investors who invest in CFDs with this provider lose liquidity; therefore, you should consider whether you can afford the high risk of losing money.