Compare forex brokers 24option VS Forexcom

If you're choosing between 24option and Forexcom forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is 24option better than Forexcom? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

24OPTION VS FOREXCOM

24option
24option Overview

24option is an online Forex and CFD broker that operates from Cyprus and Belize. It offers forex, commodities, stocks and indices for trading on its platforms. It is a regulated brand.

FOREXcom
FOREXcom Overview

Forex.com is currently one of the larger online brokers that is cornering the U.S online retail trading scene. The trading platform is owned and managed by a holding company known as GAIN Capital which is in direct competition with FXCM for the domination of the U.S market.

# Broker's Features 24OPTION Availability FOREXCOM Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare 24option vs Forexcom.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. 24option offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, while Forexcom offers Currencies, Commodities, Indices, CFD, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. 24option is Market Maker, STP, while Forexcom is Market Maker.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. 24option is regulated by CySEC, IFSC, while Forexcom regulated by CFTC, NFA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. 24option offers USD, EUR, GBP different account currencies for each account types, while Forexcom offers EUR, GBP, USD, AUD, CAD, CHF, JPY account currencies.

Languages Available: Next lets have a look at each broker's different Language options. 24option offers English, while Forexcom offers Arabic, English, Japanese, Russian, Chinese, Arabic. Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. 24option offers Credit/Debit Cards, Moneybookers, Neteller, QIWI, Skrill different payment methods for each account types, while Forexcom offers Credit/Debit Cards, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, 24option makes MT4 available to clients, while Forexcom offers MT4, WebTrader.

The Verdict: 24option or Forexcom?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Forexcom is more reliable based on our criteria above. Forexcom offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Forexcom offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Forexcom has a wider range of languages in which customer service is offered making the broker more accessible.

What We Really Like on Forexcom

Forex.com has low forex fees and a wide currency pair offer. It has also great and diverse technical research tools.

What We’d Like More on Forexcom

The product portfolio is limited, providing only forex and CFDs. The stock CFD fees are high. Its desktop trading platform is not user-friendly.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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