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24Option Guide for UK

Can UK traders use 24option forex broker?

24option is a forex broker that was founded in the year of 2010, seven years prior to today. There are many positive 24option forex reviews, and the biggest question that residents of the UK have when considering this site is whether or not UK traders are actually able to use the service. The answer is a resounding yes.

Now that we know that 24option is available to residents of the UK, traders should ask a few more questions. For example, are all bonuses available to UK residents? It can be very frustrating to find a great forex bonus only to find that your own country of residence is unfortunately excluded from the list of countries that are allowed to participate in the bonus program. Luckily, 24Option allows UK residents to apply for and utilize all of their bonuses, including their most popular bonus, the 100% deposit match bonus.

Alright, so we have the most valuable information. We know now that the forex broker 24option is not only available to those residing in the UK, but that the bonuses are completely available as well. We need to ask a very tough question now that will determine the trustworthiness of the forex site. Is 24option a scam? Will 24option steal your money? Will 24option go bankrupt, and do they segregate trader funds?

Well, no one can predict the future. But what people can do when deciding which forex broker to use is check with the FCA. The FCA is the UK financial conduct authority. It is a powerful regulatory body which makes sure that forex brokers are abiding by all the laws and safeguards that are necessary to work in the UK. This includes keeping all of the money that people deposit separate and secure. That means that a forex broker is not allowed to use deposit money in order to fund their day to day operations, and they certainly cannot place the funds into the stock market for example.

The official website of 24option does claim that they are FCA regulated. However it is difficult to find information on the official FCA website. Also, it is possible that binary trading may be regulated by the Gambling Commission as there is so much luck involved.

The reason that it is difficult to find the information is because 24option is listed under “Rodeler Limited”. Therefor, in the FCA they are listed at the following page: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000NMgUIAA1

 

 

This page states that they are currently EEA authorized. This is very good news for those who are considering using 24Option but are worried about the status of their applications for authorization.