Score
24option
Hong Kong|5-10 years| https://www.24option.com/international/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Uruguay 3.17Contact
Licenses
Licensed Institution：Richfield Capital Limited
License No.：IFSC/60/440/TS/17
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
South Africa
Israel
Italy
24option.com
Server Location
United States
Most visited countries/areas
United States
Website Domain Name
24option.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
0001-01-01
Server IP
104.20.7.17
Company Summary
Note: 24options official site - https://www.24option.com/international/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Information |
| Registered Country/Region | Belize |
| Found | 2008 |
| Regulation | Suspicious clone |
| Market Instrument | Forex currency pairs, precious metals, commodities, indices, CFDs, etc |
| Account Type | Basic, Gold, Platinum and VIP |
| Demo Account | N/A |
| Maximum Leverage | 1:500 |
| Spread | Vary on the account type |
| Commission | N/A |
| Trading Platform | MT4 |
| Minimum Deposit | $250 |
| Deposit & Withdrawal Method | VISA/MasterCard credit/debit cards, wire transfers, Skrill, and Neteller |
24option, a trading name of Richfield Capital Limited, was previously a binary options broker founded in 2008 and registered in Belize, but now offers Forex and CFD brokerage services.
As for regulation, 24option holds a suspicious clone Financial Services Commission (FSC) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.52/10. Please be aware of the risk.
Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
24option offers investors various financial instruments, including Forex currency pairs, precious metals, commodities, indices, CFDs, etc.
Account Types
There are four types of accounts available on the 24option platform: Basic (minimum initial deposit of $250), Gold (minimum initial deposit of $25,000), Platinum (minimum initial deposit of $100,000), and the VIP account(minimum initial deposit of $250,000). In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
Concerning the trading leverage level available, the maximum leverage offered by 24option is up to 1:500. Inexperienced traders are advised not to use a high leverage level as it is risky.
Spreads
All spreads with 24option are a floating type and scaled with the accounts offered. Just take the benchmark EUR/USD pair as an example, the spread starts from 2.5 pips on the Basic account, from 2 pips on the Gold account, from 1.6 pips on the Platinum account and 1.1 pips on the VIP account.
Trading Platform
24option offers traders several trading platform options: an in-house trading platform, the mobile app, and the MT4 trading platform, which is currently the most popular on the market.
Deposit & Withdrawal
24option supports traders to deposit and withdraw funds from their investment accounts via VISA/MasterCard credit/debit cards, wire transfers, Skrill, and Neteller. 24option has a high withdrawal fee of 3.5% for withdrawals via credit/debit card. The wire transfer fee varies by currency and is approximately $30. Neteller charges 3.5% for withdrawals and 2% for withdrawals via Skrill.
Customer Support
Customer support at 24option is provided on a 24/7 basis. Traders can reach the support team through email: info@24option.com, live chat or the telephone: +52-5541639019.
Pros & Cons
| Pros | Cons |
| • Multiple tradable assets, account types and funding options | • Suspicious clone |
| • MT4 supported | • Website inaccessible |
| • High minimum deposit requirement ($250) |
Frequently Asked Questions (FAQs)
| Q 1: | Is 24option regulated？ |
| A 1: | No. 24option holds a suspicious clone Financial Services Commission (FSC) license. |
| Q 2: | Does 24option offer the industry-standard MT4 & MT5？ |
| A 2: | Yes. 24option supports MT4. |
| Q 3: | What is the minimum deposit for 24option？ |
| A 3: | The minimum initial deposit to open an account is $250. |
| Q 4: | Is 24option a good broker for beginners？ |
| A 4: | No. 24option is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit requirement. |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
News WikiFX - Alert: Beware of Belize FSC-Licensed Broker 24Option
Financial losses are part of forex trading, but falling prey to scammers is devastating.
2022-12-19 10:14
News WIKIFX REPORT: FSCA warns the public against Invest Markets and 24Option.com
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Invest Markets and 24Option.com which are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).
2022-08-08 14:58
News WIKIFX REPORT: 24Option Owner Fined By Dutch Regulators
Rodeler Limited, the company behind 24option.com, has been fined €15k for failing to comply with an investigation by the Dutch financial supervisory authority. The regulator decided not to impose the maximum penalty of €2 million, citing the company’s current financial condition. Read on for the details.
2022-08-08 14:44
News Israeli, German police zero in on alleged scammers behind 24Option investment site
Employees arrested and real estate, luxury cars and jewelry seized in connection with Israeli-owned site accused of bilking people out of millions of euros
2022-03-07 15:04
Review 9
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FX2529096758
South Africa
Hi my name is Sithabiso Mhlakoana from South Africa. In 2017 I was scammed by different brokers of a lot of money totalling to more than $8000. Most of the funds were paid online through my bank card. I do have proof of payments for all transactions including some of our conversations with them as I was trying to demand my money back. In some instances I was making some profits after trading, but when I wanted to make withdrawals they would refuse to process them until they block any means
Exposure
2021-10-20
FX3828419044
Nigeria
ScamAlert 24option trader is accepting payments but blocks the client right away when payment is made. His e-mail is 24option@gmail.com. His full name is Delight Mawunga. His channel changes from logo and name time after time. Be careful and never send any funds to this guy! One big scam
Exposure
2021-08-28
Mayaz Ahmad
Bangladesh
many regulatory authorities have avoided regulating 24option for various reasons. This broker is also banned from doing business in France and Italy. It is also been fined by its own regulatory company for unethical practices.
Exposure
2021-05-13
FX1864162277
South Africa
From September 2020 I have deposited $10000 without receiving any payout. Everytime I want to withdraw, a new fee or activation fee is required. Will it be possible to get my money back? Please help?
Exposure
2021-01-12
Jhon Wick
Mexico
I lost all my money $4,000 for they making the app slag. You think it's your fault but it isn't.
Exposure
2020-10-18
FX1524146267
Mexico
I’m very disappointed that they sole my money!
Exposure
2020-08-31
FX1479526564
South Africa
I wouldn't recommend 24option to anyone looking for a trustworthy broker. Their minimum deposit requirement of 250 dollars is quite high compared to other brokers in the market. The only thing that seems attractive is their leverage of up to 1:500, but that's just asking for trouble if you're not an experienced trader. But the thing that really rubbed me the wrong way is their withdrawal fee, which is way too high!! I think there are much better options out there.
Neutral
2023-04-24
鹿行川
Taiwan
I would like to draw the attention of the public to the scam 24option is committing. Please stay clear and save yourself as they’ve already been flagged.
Positive
2023-02-14
FX1177956577
United Kingdom
Everybody, please stay away from 24option!!!! They have received regulatory attention because of fraud. I can only say DO NOT GIVE THEM YOUR MONEY!!! DANGER!!!
Positive
2022-12-14