Chris Cammack
Edited by
Author
Chris Cammack
Edited by
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack
Author
Author
Jeffrey Cammack
COO & Editorial Director

Jeffrey Cammack is our Editorial Director and has been trading CFDs and Forex since 2006

Learn more about Jeffrey Cammack

24option

83.29 of retail CFD accounts lose money with this provider

Available to traders in %s

Min deposit

USD 100

Regulated By
Varies by region

FSC

Trading Cost

USD 25

Max Leverage
Varies by region

500:1

Copy Trading
Varies by region

Yes

Platforms

MT4

Instruments

Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices

24option Broker Review

24Option started life as a binary options provider but now only offers CFDs for Forex, Commodities, Stock and Indices. Regulation is poor, with oversight from the Belize IFSC only – meaning that 24Option is not permitted to take clients from Europe and a number of other countries.

The minimum deposit at 24Option is 250 USD, and support is provided for its proprietary web-based trading platform as well as MT4. Spreads are relatively wide for a market-maker of this type and educational material is restricted to active traders.

Visit Broker
Accepts South African Clients. Average spread EUR/USD 2.50 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform supported. 24 Option is regulated by IFSC.

Pros

  • Wide range of assets

Cons

  • Wide spreads
  • Limited education
  • Limited market analysis
  • Poorly regulated
Rating Reviews
2.99

24option Overall Summary

Trust Rating
2.5
Trading Conditions
2
Platforms
4
Education
1.5
Beginner Friendly
1
Assets Available
4.5
Analysis Research
1
Deposit & Withdrawal
3
Overall Rating
2.99
/ 5
Base Currencies
USD, EUR, ZAR, GBP, CHF, RUB
Number of FX Pairs
46
Crypto Pairs
5
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
Commission
Fees Included in Spread
EUR/USD
1.10
GBP/USD
1.40
USD/JPY
1.40
Negative Balance Protection
Yes
Company Name
Richfield Capital Limited
Founded
2010
Website Language
English, Chinese, Portuguese, Polish, Swedish, Arabic
Support Language
English, Chinese, Portuguese, Polish, Swedish, Arabic
Office Locations
Cyprus, Belize
Support Email Address
FP Markets FP Markets

Deposit & Withdrawal

banktransfer
visa
mastercard
skrill

Supported Platforms

Best MT4 Forex Brokers
24option

Ready to trade with 24option?


How We Score and Rank Forex Brokers

At FxScouts, our Broker Score and Trust Rating are designed to provide traders with an objective, data-driven evaluation of forex brokers. We continuously refine our methodology to reflect market changes, ensuring transparency and accuracy in our rankings.

Our independent review process analyzes 200+ data points across seven key categories, incorporating:

  • Regulation & Trustworthiness – Regulatory status, security measures, and broker reputation
  • Trading Costs & Fees – Spreads, commissions, and hidden charges
  • Platforms & Execution – Trading tools, execution speed, and user experience
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit & Withdrawal – Processing times, local banking support, and transaction costs
  • Education & Research – Quality of learning resources for beginners and experienced traders
  • Customer Support – Response times, multilingual service, and problem resolution


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

24option Risk Statement

24option Risk Statement


User Reviews

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. Healso co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
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