24Option vs FXOpen - Online Brokerage Comparison

24Option vs FXOpen | Compare Trading Brokers

24Option vs FXOpen Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps130+CySEC, IFSC
$300MT465+FCA, ASIC, FSRC

24Option vs FXOpen Comparison

FXOpen is an ECN broker offering traders no dealing desk intervention trading via the MetaTrader 4 (MT4) online trading platform. It offers a core group of markets to trade, but in particular a relatively wide range of Cryptocurrency CFDs to trade (Crypto CFDs are a way to trade cryptocurrencies, without owning them). As an MT4 ECN broker, FXOpen supports both automated and non-automated trading using Expert Advisors, MT4's online trading robots. 24Option also offers MT4 and lets the trader use its automated trading features. However 24Option's core platform is a user friendly plartform designed for the human trader. 24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. FXOpen is regulated by the FCA in the United Kingdom.

Quick comparison

Both offer MT4, while 24Option has a web trader (and apps). FXOpen is an MT4 ECN broker.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for FXOpen is $300.

  • 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • 24Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 130+ available.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple and DASH.
  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, EOS, IOTA, NEO, Monero, Namecoin, Peercoin, Emercoin, OMNI and Ethereum Classic.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for FXOpen (FCA regulated) is .

Online trading platforms

Both offer MT4. 24Option additionally provides a web trader and apps.

Why 24Option or FXOpen ?

Traders wishing to use the MetaTrader 4 (MT4) online trading platform can find it at either broker. However automated traders and traders using some strategies they execute themselves may find FXOpen's ECN environment of interest (for example FXOpen does not restrict trading styles). Traders who execute their own trades, versus using robots, can certainly use MT4 this way and it has access to wider ecosystem of tools and approaches to trading. 24Option provides a user friendly trading platform which is designed to make the trading straightfoward for the human. Traders of all types, but including novices may appreciate this kind of platform. This said traders may find it worthwhile to make an effort to work out how to use MT4 and scale their trading to access its powerful features. However MT4 is also available at 24Option.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4
  • FXOpen is an ECN MT4 broker
  • 24Option has a user friendly web trader

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