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24option Review | Security, Apps & Features | Invezz

24option is a CFD (Contract for Difference) trading platform that supports cryptocurrency trading. CFDs allow you to trade against the value of an asset without ever actually owning it (with CFDs you never actually buy any cryptocurrency). These trades are leveraged so you can maximise on potential profits. In addition to cryptocurrencies, 24option also allows…

24option Overview

What can I do with 24option?

24option is a CFD (Contract for Difference) trading platform that supports cryptocurrency trading. CFDs allow you to trade against the value of an asset without ever actually owning it (with CFDs you never actually buy any cryptocurrency). These trades are leveraged so you can maximise on potential profits. In addition to cryptocurrencies, 24option also allows for CFD trading in forex, stocks, commodities, and indexes.

Exactly what you can do on 24option depends on the amount you put into the platform. There are various account types that offer access to different extra features. Here’s a summary of them:

  • Basic account. This level requires a minimum deposit of £250. You will receive one free withdrawal request, free educational resources, and customer service round the clock. The basic account allows for trading under the MetaTrader4 in addition to their own proprietary mobile and web-based platform.
  • Silver account. To unlock this account, you must make a minimum deposit of more than £2000. On top of the benefits of the basic account, you are entitled to a one on one tutorial on trading analysis, explanations on common trading strategies, and the removal of maintenance fees, and will be able to assist you on trades.
  • Gold account. The Gold level offers the same benefits as the silver account but also includes: emails and SMS alerts through the trading center, one monthly free withdrawal, and a one on one MT4 (MetaTrader4) course. Your account will also be overseen by a senior manager. The minimum deposit needed for the Gold account is £25,000. Gold traders also benefit from an extra two percent return on each trade they make.
  • Platinum account. In addition to all the above features, the platinum level offers you access to a special research website as well as live training sessions. Withdrawals also become completely free. To unlock this level, you need a minimum deposit of £50,000. You also benefit from an extra 4 percent return on every trade you make. You will also be offered more profitable rates on spreads.
  • Diamond account. Diamond level traders are effectively Platinum users who have been personally selected to enjoy discretionary benefits from 24option, such as complimentary tickets to football matches for Juventus FC games. This level does not have any specific minimum deposit and can only be achieved at the discretion of a senior manager.

Which cryptocurrencies can I trade?

24option offers CFD trading for the following cryptocurrencies:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Dash (DASH)
  • Litecoin (LTC)
  • Monero (XMR)

Payment methods

Before you can deposit funds and start trading on 24option, you will need to show proof of residence and identification on 24option. This will be covered in full below. 24option allows for a wide range of payment methods, including:

Bank Transfer

You can fund your 24option account through a simple bank or wire transfer. Funds can take up to 5 days before they show up in your account. Withdrawals usually occur within 7 days.

Debit/Credit card

Deposits made using this method are typically instant, whereas withdrawals depend on the processing time of your bank, and can take up to 5 days. The credit or debit card you use must be registered to your name.

Electronic wallets

You can fund your 24option account with Skrill, Neteller, Giropay, and Sofort. Deposits should arrive in your 24option account instantly, and withdrawals can take up to 7 days. Note that 24option does not support PayPal.

24option charges withdrawal fees unless you are a Platinum or Diamond user. The exceptions to this are if you are using your free monthly withdrawal as a Gold user, or if you are withdrawing for the first time as a Basic account or Silver user. The fees are as follows:

  • Credit cards. 3.5% fee
  • Skrill. 2.0% fee
  • Neteller. 3.5% fee
  • Wire transfers. €25, £20 or ¥3,000 depending on the currency used

What devices can I use 24option on?

24option support both web-based and mobile trading. Its web-based trading allows for Windows, macOS, and Linux users to trade easily. The mobile trading apps are also optimized for iOS and Android. You can, therefore, trade with 24option using:

  • Desktops
  • Laptops
  • Mobile phones
  • Tablets

How easy is it to use 24option?

24option offers quite a simple, user-friendly trading platform, which is easy to use if you have some prior trading experience. After signing up and providing the relevant information, you can immediately start to look at CFD trading for cryptocurrencies by selectively filtering your assets on the top left corner of the page.

Intermediate and advanced traders can also have the option of trading with MT4 (MetaTrader4) if they wish. As a first-time trader, looking at a trading platform could be quite a daunting experience, which is why 24option provides a lot of educational tools and free advice, even on lower-tiered accounts. It is advised that users make the most of this before they attempt to trade and take advantage of the free demo offered by 24option.

Countries supported

24option supports all of the following countries:

  • Austria
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • The Netherlands
  • United Kingdom

Regulation

24option is owned by Rodeler Ltd, a Cyprus Investment Firm (CIF) that operates under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC), authorized and licensed under the CIF license number 207/13. Rodeler limited offers its services to all countries within the European Economic Area, except for Switzerland, France, and Belgium.

Account verification

Before you can fully operate a standard account at 24option, you will be required to verify your account by providing the relevant documentation for proof of identity (POI) and proof of residence (POR). These include:

  • A valid passport/national ID or a driver’s license. The relevant document and its contents must be fully and clearly shown on the photo you upload, including front and back sides if possible.
  • Bank statement/Utility bill. This document must be dated within the last 6 months, and must clearly show your address in full.
  • Credit/Debit card. Although 24option requires that you must take photos of the entire card (front and back), you can still cover the first 12 digits of your card number, as well as the CVV code.

Customer support

The customer support at 24option has been designed to cater for the global clientele and thus the website fully supports multiple languages, including English, Russian, German, French, Polish, Portuguese, and Spanish. You can find its support services 24/7 through the following means of communication:

  • Email
  • Live Chat
  • Web Contact Form
  • Telephone

CFD platform

First impressions

24option’s proprietary web-based trading platform has a sleek, simple, and intuitive design interface for traders. The platform provides a lot of educational content for first-time users who might struggle with understanding what they are looking at. You can look at all the available trading pairs right from the landing page, and their customer service is always one click away.

24option also offers the MT4 (MetaTrader4) trading platform as an alternative option, which might be beneficial to more advanced trading users. However, looking away from the website, a slight cause of concern is the history of fines that 24option has incurred from its regulator, CySec (Cyprus Securities and Exchange Commission), for breaches of conduct. These mostly date back to 2016, however.

What currency pairs can be traded?

All cryptocurrencies offered for CFD trading at 24option can be paired with USD, EUR, and GBP, with the exception of Monero and BitcoinGold, which can be paired with USD. The full list of available pairs are listed below:

  • BTC/USD
  • BTC/EUR
  • BTC/GBP
  • BCH/USD
  • BCH/EUR
  • BCH/GBP
  • BTG/USD
  • DASH/USD
  • ETH/USD
  • ETH/EUR
  • ETH/GBP
  • ETC/USD
  • ETC/EUR
  • ETC/GBP
  • LTC/USD
  • LTC/EUR
  • LTC/GBP
  • XRP/USD
  • XRP/EUR
  • XRP/GBP
  • XMR/USD

Are there trading fees with 24option?

There are no direct trading fees at 24option when you enter into a transaction, as 24option takes its cut from spreads. The concept of spreads is explained directly below. However, 24option does charge fixed withdrawal fees for some members.

If you are a Platinum or Diamond member, you will not have to pay withdrawal fees. If you are a Gold member, you are entitled to one free withdrawal on a monthly basis. If you are a Basic Account or Silver member, you will not be charged a fee for your first withdrawal. If none of these apply to you, the fees are:

  • Credit cards. 3.5%
  • Skrill. 2.0%
  • Wire or Bank transfer. £35 / €35 / $35 / ¥4000

What is the minimum spread?

When trading assets on a CFD trading platform, the minimum spread is the difference between 24option’s offered ask (selling) prices for a given asset, in comparison to the market bid (buying) price. 24option doesn’t specify the level of its spreads, but they are clearly displayed when opening a trade.

Can I trade cryptocurrencies with leverage?

Yes, you can trade cryptocurrencies with leverage through 24option’s CFD trading platform. The platform offers a leverage of up to 1:5 for major cryptocurrencies like Bitcoin and Ethereum. Other coins like XRP/Ripple have a leverage of 1:3. Considering how volatile the cryptocurrency market is, it is always advisable that you work with as little leverage as possible in order to minimize potential losses as they can be as big as potential wins.

What are the margins required?

The margin is the minimum amount of money you need to put in in order to open a specific leveraged trade. Because of the volatility of cryptocurrency assets, margins on 24option are not fixed, so you will only be able to find what margins are required when you are looking at a specific trade.

Can I open long and short positions with 24option?

Yes. You can open long and short positions with 24option, courtesy of the fact that this it is a CFD platform. Opening a short (selling) position is advisable when expectations are that a given asset will drop in price. Contrastingly, a long (buying) position should be opened when you project that prices are due to go up in the near future.

Are there withdrawal and deposit limits?

Yes, the withdrawal and deposit limits depend on the payment method used. For a credit or debit card, the minimum deposit is £250, €250, ¥50,000. Electronic wallets like Skrill and Neteller also require the same minimum deposit as a credit or debit card. For a bank wire transfer, minimum deposits are £1,000, €1,000, and ¥100,000. 24option also have a set maximum daily withdrawal limit of €10,000.

Summary of 24option CFD trading

If you are looking to trade cryptocurrency using CFDs, then 24option is definitely a viable option, as they offer the ability to transact with a larger amount of cryptocurrency pairs than most rival CFD brokers. The level of leverage you can apply to trades is also one of the highest around when it comes to cryptocurrency, with some coins (such as Ethereum) allowing leverage of 1:5.

24option also provide extensive educational resources as well as 24/7 customer support, something that is quite uncommon to other platforms. However, traders can only trade 24/5 due to the lack of ECN (Electronic Communication Network) trading support.

General

Extra Features

Mobile apps

24option accommodates traders with smartphones through their fully optimized Android and iOS mobile apps.

MetaTrader 4 platform compatibility

24option allows for users to trade on the MT4 platform in addition to their own web-based platform. They also provide educational content on how to use it if you choose to become a Gold or Platinum member.

Conclusion

24option provides a simple and intuitive trading platform that caters mostly to new and intermediate traders. Experienced traders can make use of the MT4 compatibility as well, and trade on the MetaTrader 4 platform instead. The website also provides an abundance of educational information, as well as a free demo for more inexperienced traders.

Regardless, first-time users who do not wish to deposit large sums of money may feel that they cannot make the most out of 24option due to the lack of benefits for lower-tiered members. Alternatively, some users might feel more secure in making trades with 24option due to all the additional support that members receive when depositing more, which goes far beyond what most CFD trading platforms provide their users. Ultimately, 24option provides a large number of cryptocurrencies, with more currency trading pairs than most CFD platforms, making it a tempting option for traders.

The fees offered by 24option are competitive, and they offer some of the highest leverage on crypto CFDs of any platform around. This, combined with the number of coins you can trade on the platform, means 24option compares favourably to many other brokers out there.

Unfortunately, 24option is not seen as a particularly transparent or professional CFD trading platform. The platform was fined for several breaches of regulation by CySec (Cyprus Securities and Exchange Commission) in 2016, with regard to their binary options trading services. This is not a good look for a trading platform, particularly when there are alternatives brokerages that carry cleaner records. Users should take heed of this information before they make their decision regarding which CFD platform they might want to trade with.

How to set up an account

Decided to sign up for 24option? Great, here’s how it’s done:

  1. Go to 24option’s official website and click on ‘sign up’ located on the top right section of the landing page.
  2. You will be directed to a new window where you can choose to sign up for either a demo or real account. The demo account is free, but f you want to head straight to creating a real account right away, you will need to deposit at least £250.
  3. Signing up for a demo account is straightforward, all you need is to fill in your full name, email, and phone number.
  4. If you want to move on from using your demo account, you can do so by clicking on ‘upgrade to real account’ on the top right corner of the trading page.
  5. To create a real account, you will need to submit specific verification documents to prove your identity and address, including:
  6. A government issued ID card, passport photo, or driver’s license
  7. Utility bill or bank statement dated within the last 6 months
  8. Copy of your credit card (including the back and front). You can choose to blank out the first 12 numbers of your credit card number, as well as the CVV code
  9. After gaining verification approval, you are now ready to start trading!
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Online Trading platform SIRIX

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SIRIX|  Online Trading platform SIRIX Review

[yasr_overall_rating]

Everyone that has been trading for some time has most likely traded on the metatrader 4 trading platform of metaquotes. This has been the standard in the industry for the last couple of years.

 

But more and more brokers Like CMSTrader and UBCFX are offering alternatives that might suite certain traders even better then the MT4 as they have a lower learning curve and are designed more intuitive.
One of these platforms is the Sirix Trading Platform.
The Sirix Trading platform is

Sirix, a fully packed trading software with numerous with numerous options and special indicators that are designed by the software company to present you with a personalized trading experience.

Positive features and benefits of the Sirix Trading Platform

Ease of Use: if you are a trader you will be able to access your Sirix trading platform and see all your trades and other information at any place and time. The Web-trader is a fully function trading platform that does not require you to do any download. This has more or less become the norm of the industry and if you for example take the Sirix Trading platform of LegacyFX you will be able to have a download desktop version, a web version and a mobile version.
these in general all have the same functionalities but of course is the mobile version a bit more limited due to the smaller screen real estate.

Indicators and Options: this platform provides build I more than 50 Indicators which for most traders is over kill but it does allow most traders to find the right indications to match their trading behavior and trading strategies.

The Charting Package that Sirix provides is easy enough to understand and gives you as a trader all the information you need, there are different time frames that in combination with the ability to display lines and annotations make this platform feel like it is designed for you.

Social Trading: Sirix has a full feature social trading module that allows you to watch the trades of others which might give you new insights and trading ideas. If you come a across a trader that is particular successful you are able to copy that traders’ trades and create a full automated copy trader,
You as the trader are still in charge and you have the option to trade with lesser or higher amount then the trader you are copying.
In order to use the social trading, you have to open an account with their social trading community.

This can only be done by using a nickname an order to protect you identity. When you are part of the community then you are part of all the brokers that offer this feature to their traders. Meaning you are able to follow a trader that is trading with 12trader while you are trading with account from UBCFX or any other broker that has Sirix.

Now I have to mention that if you look to only trade social then the Etoro Platform is still a better solution s this system is built only for social trading and they have pretty much defined the concept.

 


Sirix Crypto Trading Platform

this is the latest platform that was launched by Leverate.

it focuses , just like the name says more n the trading of cryptocurrencies.

as this company understands that this is the direction where the market is going and more and more traders are asking for trading in Bitcoin or ripple trading to just name a few they have added this feature to the Sirix Platform , this means that every broker that has the sirix trading platform is in theory able to offer trading in cryptocurrencies.

in addition they have launched also a platform that is only trading cryptocurrencies but that will be another review as i have yet to see and play with this system


Conclusion
The Software company Leverate has created a very user friendly platform with inbuilt social trading and news functionality. When they launched this platform in 2012 it was already a good platform but today it rivals the best of them easily.

The Intuitive aspect of this platform is one of the key features and makes the threshold of trading lower for newbies. There is also a fastn amount of Sirix Tutorials out there that will help even the total beginners with the Sirix Platform

Now of the traders that need bots and more indicators then there sis still nothing that beats the metatrader 4 trading platform but for many traders Sirix offers more then enough and makes the trading experience easier then with MT4.
More and more brokers are offering this alongside their other trading platform so you as a trader will come across more and more brokers that have the Sirix Trading platform in their arsenal.

These are some of the Best Broker for trading on Sirix

UBCFX
LegacyFX
12Trader
CMStrader

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Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Bringing DLT Specialists Together:

 

 On September 11, Sweden will host Blockchain & Bitcoin Conference Stockholm organized by Smile-Expo – international coordinator of business events.

The conference will introduce various topics regarding blockchain and will drive attention to the most topical problems of the cryptocurrency market today.

Key speakers:[yasr_overall_rating]

One of the invited experts is the Member of Swedish Parliament Mathias Sundin who is involved in the Tax Committee and the Finance Committee. The specialist has co-founded a revolutionary technological organization Warp Institute and joined financial company Goobit. At the event, the speaker will analyse the power of decentralized systems, evaluating its long-term strenghts.

Head of Digital and Innovation at Landshypotek Bank Merete Salmeling will deliver the presentation, too. She will explain how DLT can be integrated into the real estate, and what advantages it brings.

President of Blockchain Alliance Europe Tanja Bivic Plankar will join the conference as well. Being an initial coin offerings expert, she will share knowledge about ICOs, describe recent innovations in the token sale sphere and talk about the regulatory framework.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

Regulatory and legal challenges coming with innovations will also be discussed by Dr. Guenther Dobrauz-Saldapenna – Partner & Leader PwC Legal Switzerland. The speaker is a lawyer, VC investor, and banking specialist. He provides business consultations and has already written 10 books discovering innovative processes, money and technology.

See the full list of Key speakers here

Blockchain & Bitcoin Conference Stockholm is the second crypto event in Sweden carried out by Smile-Expo. The company has already held 40 successful crypto conferences in 25 countries.

Use an opportunity to meet leading DLT specialists, ask questions and learn new topical information about the blockchain industry at first hand at the conference!

Blockchain & Bitcoin Conference Stockholm

Details of the event and registration are available on the official website of Blockchain & Bitcoin Conference Stockholm.

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Go Visit the Blockchain & Bitcoin Conference Stockholm

Go Visit the Blockchain & Bitcoin Conference Stockholm

The Blockchain & Bitcoin Conference Stockholm is a highly anticipated crypto event in Sweden.  and is being held for the second time.

after the success of the first one they look to make this event a annual one.  since the crypto industry is going more and more out of the shadows and becomes more mainstream you will find that the quality of people involved also grows.

this is clearly displayed in the extensive list of speakers at this event.

Event goals:

bringing together the international business community in order to share their experience of integrating blockchain and cryptocurrencies; discussing blockchain industry issues and finding ways to solve them; encouraging a balanced growth of the cryptocurrency market.

Conference topics: 

  • blockchain in various sectors: energy industry, real property, newsmaking etc.
  • Legal regulation of the blockchain sector
  • token models and their application
  • ICO regulation.

Speakers:

the list of world-renowned blockchain experts, including government officials, foreign investors, entrepreneurs, lawyers, and developers is impressive and should get this event the notice it deserves.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

who should not miss this Event :

investors, business people, lawyers, startup founders, and those aiming to launch a token sale.

why should not miss this Event :

:to receive full information with case studies about the blockchain application, to discover how to comply with the legal norms in the blockchain industry, to find business partners, and to enhance your brand awareness.

Prices of the Event

Standard ticket  – 240 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

Student ticket – 121 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

A valid student ID should be presented at check-in. No refunds on the day of the event.

Buy Your ticket Now


Blockchain & Bitcoin Conference Stockholm is a part of the series of Blockchain World Events held in 25 countries. The organizer is Smile-Expo International Company.

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