24Option Fees, Spreads and Commission

24Option Fees Spreads and Commission varies according to the account type which the trader is using. 24Option spread list starts from 0.9 pips.

Choose your quick section of our 24Option Fees Spreads and Commission below.

Our 24Option Fees Spreads and Commission Revealed:

• ✔️Fees and Spreads
• ✔️Additional Trading Fees
• ✔️Broker Fees
• Pros and Cons

Here is our overview of the 24Option Fees Spreads and Commission as well as the features that are offered, which could effect your trading.

Fees and Spreads

Traders with 24Option can expect the following spread list:

• Spreads will vary depending on the chosen account type.
• The Basic Account has floating spreads that start at 2.7 pips for EUR/USD.
• The Gold Account has floating spreads that start at 3.2 pips for EUR/USD.
• The Platinum Account has floating spreads that start at 1.4 pips for EUR/USD.
• The VIP Account has floating spreads that start from 0.9 pips for EUR/USD.

Commissions are charged on crude oil and gold at around R9.77 per round turn.

Additional Trading Fees

The broker does not charge deposit fees, but withdrawal fees are charged. Withdrawal charges vary with the type of account you have.

For VIP account holders every withdrawal is free. Platinum account holders can make 3 withdrawals for free each month.

Gold account members can make one withdrawal for free each month. Basic account holders can make one withdrawal for free, with charges each time you withdraw from then on.

The broker does charge swap fees, also referred to as overnight fees.

A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.

A swap-free account is not available for traders of the Muslim faith, for whom such interest is strictly prohibited by Sharia law.

Broker Fees

Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.

As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.

As 24Option is not a spread betting broker, and so spread betting fees will not apply.

Pros and Cons

You might also like: 24Option Account Types Overview

You might also like: 24Option Demo Account – Step by Step

You might also like: 24Option Minimum Deposit

You might also like: 24Option Sign up Bonus

FAQ

How many instruments can I trade with 24Option?

24Option provides a wide selection of underlying assets for their clients to choose from. In total, there are more than 130 different types of underlying assets.

The selection comes 4 main asset classes mainly currencies (34 pairs), commodities (11 types), market indices (25 indices) and stocks (61 companies).

Does 24Option offer leverage?

Yes. There is a maximum leverage of 1:200 for professional clients, and 1:30 for standard retail traders.

What spreads can I expect with 24Option?

Traders with 24Option can expect the following spread list:

• Spreads will vary depending on the chosen account type.
• The Basic Account has floating spreads that start at 2.7 pips for EUR/USD.
• The Gold Account has floating spreads that start at 3.2 pips for EUR/USD.
• The Platinum Account has floating spreads that start at 1.4 pips for EUR/USD.
• The VIP Account has floating spreads that start from 0.9 pips for EUR/USD.

Does 24Option charge commission?

Yes. Commissions are charged on crude oil and gold at around $0.70 (R9.77 USD/ZAR at the time of writing) per round turn.

Is 24Option regulated?

Yes. 24Option is regulated by The Cypress Securities and Exchange Commission (CySEC).