TMS Brokers vs 24Option
TMS Brokers or 24Option – which is better for UK traders 2024? Compare TMS Brokers and 24Option in this detailed breakdown of their platforms, features and fees.
| TMS Brokers | 24Option |
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| TMS Brokers is ranked #91 among CFD brokers. | 24Option is ranked #11 among binary options brokers. |
| TMS Brokers is a leading European brokerage that offers affordable leveraged trading on forex, indices, stocks, ETFs, commodities and crypto through the popular MetaTrader 5 as well as a proprietary platform. The award-winning brand has over 20 years in the financial markets with modern trading tools and rich market analysis. |
24Option has closed or no longer accepts UK clients.
Trade nearly 200+ global stocks at 24Option via CFDs. Spreads are competitive and stop loss and take profit orders are available. Even trade new cannabis firms in Canada! |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs | CFDs, Forex, Stocks, Cryptos |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $250 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.1 Lots |
| Regulator | |
| KNF | CySec |
| Mobile Apps | |
| Yes | iOS, Android and Windows |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | No |
| MetaTrader 4 | |
| No | Yes |
| MetaTrader 5 | |
| Yes | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Auto Trading | |
| Yes | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| No | No |
| Commodities | |
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| CFD | |
| Trade CFDs on a wide range of markets including stocks, indices, commodities and ETFs with variable spreads. The mobile app is reliable and the MT5 platform is an excellent option for active, multi-asset traders. | |
| Leverage | |
| 1:20 | 1:30 (EU), 1:200 (Global) |
| FTSE Spread | |
| 2.5 | 1 pt |
| GBPUSD Spread< | |
| 1.3 | 0.2 pips (var) |
| Oil Spread | |
| 0.04 | 1 pip |
| Stocks Spread | |
| Variable | 0.2% Var |
| Forex | |
| 42 forex pairs can be traded with a maximum 1:20 leverage. Traders benefit from zero-commission trading and average spreads starting from 1 pip, which are reasonable though not the lowest we have seen. | 24Option deliver a high quality forex trading service, with over 45 currency pairs and variable spreads from just 3 pips. |
| Assets | |
| 42 | 45+ |
| GBPUSD Spread | |
| 1.3 | 0.2 pips (var) |
| EURUSD Spread | |
| 1.0 | 0.2 pips (var) |
| EURGBP Spread | |
| 1.0 | 0.9 pips (var) |
| Cryptocurrency | |
| 18 cryptocurrency CFDs are available, including Bitcoin, Ethereum and various altcoins, with maximum 1:2 leverage. On the negative side, the selection of digital currencies is limited vs alternatives we have tested. | 24option offer crypto with the tightest margins. They also offer markets against a range of currencies, not just USD. |
| Spread | |
| Floating | BTC 0.4%, ETH 0.5% |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Boundary Options | |
| No | Yes |
| Ladder Options | |
| No | No |
| TMS Brokers | 24Option |
| More Comparisons | |
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TMS Brokers vs |
24Option vs |