24Option vs FOREX.com - Compare Trading Brokers

24Option vs FOREX.com | Online Brokerage Comparison

24Option vs FOREX.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps130+CySEC, IFSC
$50MT4, Web Trader, Advanced Platform (Downloaded), Apps300+FCA, CIMA, ASIC, CFTC, IIROC, SFC, FSA

24Option vs FOREX.com Comparison

Both brokers can offer trading of Forex and a range of other CFD markets on a user friendly web trader and MT4. FOREX.com also provides its downloaded Advanced Platform. Each broker offers features to assist the trade when making trading decisions. FOREX.com has a lower minimum deposit than 24Option. 24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CFTC in the USA, the IIROC in Canada, the SFC in Japan and the CIMA in the Cayman Islands.

Quick comparison

Both offer web traders and MT4, FOREX.com also has its downloaded Advanced Platform and a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for FOREX.com is $/€/£50.

  • 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • FOREX.com has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website. The minimum trade size is 0.01 lots.

Markets

  • 24Option offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 130+ available.
  • FOREX.com offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 300+ available.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple and DASH.
  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Leverage

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

Online trading platforms

Each provides MT4 and a web trader. FOREX.com additionally offers its Advanced Platform (which is downloaded).

Why 24Option or FOREX.com ?

FOREX.com is a well established FOREX broker offering platforms to suit this style of trading, covering those traders who may wish a user friendly platform to those who want to be able to run automated trading strategies (i.e. MT4). It also offers its Advanced Platform which contains tools including the capacity for the trader to build their own indicators and a tool which can produce trading signals on the chart. 24Option offers Trading Central which can also provide signals as well as analysis and offers a user friendly web trader and MT4. Both brokers provide a range of CFD markets in addition to Forex, allowing them to trade markets such as Cryptocurrency and Stocks CFDs. When trading a CFD, the trader does not own the underlying market - in the case of cryptocurrencies, this means that the trader does not need a wallet, can go long or short and can use leverage (though increasing leverage increases risk).

Comparison summary

  • Both provide CFD trading
  • Each offers a range of markets to trade, including Crypto CFDs
  • Both provide MetaTrader 4 (MT4)
  • Each offers a user friendly web trader
  • FOREX.com also provides its Advanced Platform with a range of tools to assist the trader

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