What is 24Option?

24Option is an online CFD broker founded back in 2009 and owned by Rodeler Ltd, a company operating under the Cyprus Securities Exchange Commission (CySEC) license number 207/13. 24Option (Rodeler Ltd) is also authorized by the British Financial Conduct Authority (FCA) since 04/12/2013 and by BaFin in Germany.

Is 24Option a scam?

Even though 24Option may not be a scam, the company failed to make this crucial information apparent to users, who were left damaged by their relationship with 24Option. The world of binary options has seen many instances of fraud and thievery, like the scandal involving the aforementioned Banc de Binary.

Is 24Option a good broker?

Like most other brokers, 24Option allows traders to download and use the MetaTrader 4 (MT4) platform. This platform is an industry standard and allows for advanced charting and analysis. Traders who do not wish to use this software can also use the 24Option’s desktop platform, which is better than the industry average.

What happened to 24Option?

In the world of binary options, 24Option was the second biggest player, outsized only by Banc de Binary, an Israeli company that was shut down due to fraud charges. 24Option has changed in the last couple of years, as it no longer offers binary options to its clients.