One of the biggest names in forex and CFDs trading industry, 24option has been offering their services to South Africans too. This is a CySEC regulated broker which has a user-friendly platform and various trading tools and features as well as several types of trading accounts.
Despite the fact that broker 24option has been present on the market for a number of years and has manged to build a name for themselves as a well-established broker a question still remains – can traders trust 24option?
To supply an adequate response, we shall present South Africans with info concerning key aspects of 24option. In short, 24option has been exemplary when it comes to treating their customers. The last bad experience with 24option we found was years ago and the issue was resolved very fast for the customer.
How Does 24option Work?
To respond to a frequent question of whether can traders trust 24option, we shall first inspect how does 24option work.
The minimum deposit with 24option is only $250. Their withdrawal procedure is just as straightforward with the minimum withdrawal set at only $10. South Africans can use a multitude of payment methods which include bank wire, popular e-wallets like Neteller and OK Pay as well as credit/debit cards like Visa, MasterCard, Diners, JCB, Switch and Discover. Currencies traders can use are truly diverse and include USD, GBP, EUR, RUB, TRY, JPY, CHF and CNY.
To fully understand how does 24option work, South African traders first have sign up and open an account. This can be done quickly and without problems. 24option also offers a Demo account.
Traders simply click on the yellow Sign Up icon or Trade Now. In both cases a simple form will open which traders need to fill in.
Information requested includes first and last name, email address, phone number and a password which will later be used for a log in procedure.
Traders will have to select a currency which will be used for a deposit and once selected it will not be able to change it later.
Once this process is finalized and traders make a deposit, they will be able to initialize the trading process. There are also several trading account types which traders can select. Each account type is specific and provides traders with particular benefits.
Traders may choose among Basic, Silver, Gold, Platinum, Diamond and Islamic account type.
However, just a simple inspection of their website and trading platform will clearly show how does 24option work.
There are 4 available tabs Trade, Guide, Education and Legal. Each tab contains several sections and each is packed with useful and helpful information which can contribute greatly to achieving profitable trades.
We encourage South Africans to dedicate some time in exploring these, especially their Education tab as well as Terms & Conditions.
*Capital may be lost.
How to Trade on 24option Platform?
To fully understand how does 24option work, South Africans also need to know how to trade on 24option platform.
24option has a web based platform, but alos supports MT4 trading platform but in due time that will change.
To learn more about each platform and extended functionality, we strongly advise traders to consult their Education tab which provides great selection of learning materials.
Traders can also open the Trade tab which will depict the trading platform and all the options available to them which can also help with how to trade on 24option platform.
They also provide well over 100 different underlying assets. The list of underlying assets together with detailed descriptions is located in the FAQ section under Asset Index.
Their FAQ section is very useful as it contains info on both how to trade on 24option platform as well as some general info on how does 24option work in the general sense.
South Africans may also take advantage of great trading features like 24option demo account and mobile trading app.
Does 24option have a Demo Account?
Another frequent question South African traders ask when they consider trading forex is – does 24option have a demo account.
This is not a surprising fact when the advantages of using the demo account are well-known.
In using the demo account traders get to experience the trading process in a risk-free environment as there is no fear of losing funds.
The funds on the demo account are virtual so traders get to focus on practicing their skill and testing out various trade options, expiry times, underlying assets and strategies.
Rather than worry over the final result, the demo account is tailored to enhance the trading skill and knowledge.
Luckily, the answer to the question does 24option have the demo account is yes. This trading features is particularity useful for inexperienced traders who can use all kids of help and this is just one of many 24option provides.
South African traders will not have to pay any extra fees to use 24option demo account which is great and shows that this broker is dedicated to provide the best possible service to their registered traders.
To get more information about the 24option demo account, South Africans should contact the customer support service which can be reached via Live Chat, numerous phone numbers given in their Contact Us section.
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