Videforex vs 24Option

Videforex or 24Option – which is better for UK traders 2024? Compare Videforex and 24Option in this detailed breakdown of their platforms, features and fees.

Videforex vs 24Option Comparison Table 2024
Videforex 24Option
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3.4
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2
Videforex is ranked #7 among binary options brokers. 24Option is ranked #11 among binary options brokers.
Review
Review
Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
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
  • Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
  • Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
Cons
  • Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
  • The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for traders.
  • The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
FCA Regulated
No

List of FCA Regulated Brokers

No
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto CFDs, Forex, Stocks, Cryptos
Bonus
20% to 200% Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$250 $250
Payment Methods
Minimum Trade
$0.01 0.1 Lots
Regulator
CySec
Mobile Apps
Android iOS, Android and Windows
Trading App

Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.
iOS App Rating
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4.1
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Android App Rating
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4.4
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Margin Trading
Yes No
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes 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
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Yes
Copy Trading
Yes No
Copy Trading Platform
Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$10
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
Commodities
  • Gold
  • Oil
  • Copper
CFD
Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Leverage
1:500 1:30 (EU), 1:200 (Global)
FTSE Spread
Floating from 0.2 1 pt
GBPUSD Spread<
Floating from 0.1 0.2 pips (var)
Oil Spread
Floating from 0.05 1 pip
Stocks Spread
NA 0.2% Var
Forex
Videforex offers trading on 35 currency pairs through leveraged CFDs with spreads from 0.1 pips. Alternatively, traders can use binaries to speculate on upward/downward price movements with payouts up to 98%. Integrated technical analysis, economic calendars, and market news, all available within the platform, help support FX trading decisions. 24Option deliver a high quality forex trading service, with over 45 currency pairs and variable spreads from just 3 pips.
Assets
35+ 45+
GBPUSD Spread
0.1 0.2 pips (var)
EURUSD Spread
0.1 0.2 pips (var)
EURGBP Spread
0.1 0.9 pips (var)
Cryptocurrency
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available. 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
  • BTC
  • ETH
  • QUANT
  • UNI
  • SOL
  • BNB
  • DOGE
  • XRP
  • XMR
  • MATIC
  • USDT
  • BCH
  • BTG
  • BTC
  • ETH
  • LTC
  • XRP
  • XRM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Payout
98%
Expiration Times
5 seconds - 1 month
Boundary Options
No Yes
Ladder Options
No No
Videforex 24Option
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