OPTION24

General Information

OPTION24 is a clone forex broker using the official website of XM. The Cyprus CYSEC regulation claimed by this broker is suspected to be a clone. Please be aware of the risk.

It has been verified that this broker currently has no valid regulation.

Investment Products

This broker has over 1000 instruments to trade from. The trading instruments are listed as follows

• Forex Trading

• Stock CFDs

• Commodities

• Equity Indices

• Precious Metals

• Energies

• Shares

Account Types

Micro Account

Base Currency Options USD, EUR, GBP, JPY, CHF,‎

AUD, HUF, PLN, RUB, SGD, ZAR

Contract Size 1 Lot = 1,000

Leverage 1:1 to 1:888 ($5 – $20,000)

1:1 to 1:200 ($20,001 - $100,000)

1:1 to 1:100 ($100,001 +)

Negative balance protection

Spread on all majors As Low as 1 Pip

Commission

Maximum open/pending orders per client 200 Positions

Minimum trade volume 0.01 Lots (MT4)

0.1 Lots (MT5)

Lot restriction per ticket 100 Lots

Hedging allowed

Islamic Account Optional

Minimum Deposit 5$

Standard Account

Base Currency Options USD, EUR, GBP, JPY, CHF,‎

AUD, HUF, PLN, RUB, SGD, ZAR

Contract Size 1 Lot = 100,000

Leverage 1:1 to 1:888 ($5 – $20,000)

1:1 to 1:200 ($20,001 - $100,000)

1:1 to 1:100 ($100,001 +)

Negative balance protection

Spread on all majors As Low as 1 Pip

Commission

Maximum open/pending orders per client 200 Positions

Minimum trade volume 0.01 Lots

Lot restriction per ticket 50 Lots

Hedging allowed

Islamic Account Optional

Minimum Deposit 5$

OPTION24 Ultra Low Account

Base Currency Options EUR, USD, GBP, AUD, ZAR, SGD

Contract Size Standard Ultra: 1 Lot = 100,000

Micro Ultra: 1 Lot = 1,000

Leverage 1:1 to 1:888 ($50 – $20,000)

1:1 to 1:200 ($20,001 – $100,000)

1:1 to 1:100 ($100,001 +)

Negative balance protection

Spread on all majors As Low as 0.6 Pips

Commission

Maximum open/pending orders per client 200 Positions

Minimum trade volume Standard Ultra: 0.01 Lots

Micro Ultra: 0.1 Lots

Lot restriction per ticket Standard Ultra: 50 Lots

Micro Ultra: 100 Lots

Hedging allowed

Islamic Account Optional

Minimum Deposit 50$

Shares Account

Base Currency Options USD

Contract Size 1 share

Leverage No Leverage

Negative balance protection

Spread As per the underlying exchange

Commission

Maximum open/pending orders per client 50 Positions

Minimum trade volume 1 Lot

Lot restriction per ticket Depending on each share

Hedging allowed

Islamic Account

Minimum Deposit 10,000$

Leverage

This broker has many different leverage options. The levergae the brokerage offers ranges from 0 to 888:1. This allows the traders to trade with a variety of levergae options.

Commissions and spreads

This broker has different commissions and spreads depending on the account type chosen. The commsions range from 50 to 200 positions. Spreads are prt the underlying exchange

Platform

This broker uses MT4 and MT5 to allow their clients access to the markets. They have the option of mobile trading across various devices

Contact Details

This broker has 24/7 support for their clients. They have a good customer support system available for their clients to use.

Registered Address

No.5 Cork Street, Belize City, Belize, C.A.

Online Support

Working hours: 24/5 GMT

‎Live Chat

support@option24.net

Phone Support

Working hours: 24/5 GMT

+501 223-6696