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
