XBTFX vs 24Option

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

XBTFX vs 24Option Comparison Table 2024
XBTFX 24Option
rating empty
rating full
2
rating empty
rating full
2
XBTFX is ranked #97 among CFD brokers. 24Option is ranked #11 among binary options brokers.
Review
Review
XBTFX is a fintech broker offering trading opportunities on 200+ instruments via the powerful MT4, MT5 or cTrader terminals. The low minimum deposit, copy trading services and competitive trading fees makes it an appealing brand for traders of all strategy types. The broker has a decent client base of 10,000.
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
  • I'm a fan of the transparent ECN pricing model with competitive spreads from 0.01 pips and commissions of $3.50 per lot per side
  • I was glad to see copy trading is available via the MT5 terminal or through the broker's PAMM/MAM accounts
  • I appreciate the low minimum deposit requirement of $10 plus a demo account, making the brand suitable for beginners
  • Standard, ECN and Islamic account types cater to various trading strategies that require different pricing models
  • There are no deposit and withdrawal fees, plus I'm impressed that the broker facilitates same day withdrawal processing
Cons
  • XBTFX is an unregulated broker meaning there are no requirements to comply with financial safeguarding measures for customers
  • I noticed that there is quite limited educational content for beginners available and much of the financial market news is outdated
  • I'm disappointed that the only funding currencies are EUR or cryptos
FCA Regulated
No

List of FCA Regulated Brokers

No
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities CFDs, Forex, Stocks, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$10 $250
Payment Methods
Minimum Trade
0.01 Lots 0.1 Lots
Regulator
CySec
Mobile Apps
iOS & Android iOS, Android and Windows
iOS App Rating
rating empty
rating empty
Android App Rating
rating empty
rating empty
Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
Yes 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
Yes No
DMA Account
Yes 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
Yes No
Social Trading
No No
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
Yes No
Account Currencies
  • USD
Commodities
  • Oil
  • Silver
CFD
I found a fairly decent range of 200+ CFDs across 5 asset classes on the MT4, MT5 or cTrader terminals. I particularly like the copy trading solutions, STP execution and the fact that you can get started with just $10.
Leverage
1:500 1:30 (EU), 1:200 (Global)
FTSE Spread
Variable 1 pt
GBPUSD Spread<
Variable 0.2 pips (var)
Oil Spread
Variable 1 pip
Stocks Spread
Variable 0.2% Var
Forex
XBTFX offers a large list of 70+ major, minor and exotic currency pairs such as EUR/USD or GBP/JPY. I find spreads very competitive starting from 0.01 pips and leverage up to 1:500 for experienced investors. 24Option deliver a high quality forex trading service, with over 45 currency pairs and variable spreads from just 3 pips.
Assets
79 45+
GBPUSD Spread
Variable 0.2 pips (var)
EURUSD Spread
Variable 0.2 pips (var)
EURGBP Spread
Variable 0.9 pips (var)
Cryptocurrency
There's an excellent range of 70+ cryptocurrency vs USD pairs such as BTC/USD, ETH/USD and XRP/USD with leverage up to 1:25. My tests also found competitive commission fees of 0.075%. 24option offer crypto with the tightest margins. They also offer markets against a range of currencies, not just USD.
Spread
Variable BTC 0.4%, ETH 0.5%
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • BAT
  • DASH
  • EOS
  • ETC
  • IOTA
  • NEO
  • OMG
  • TRX
  • XLM
  • XMR
  • ZEC
  • ADA
  • DOGE
  • SOL
  • DOT
  • LINK
  • MTC
  • UNI
  • ALG
  • FIL
  • MKR
  • 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
Boundary Options
No Yes
Ladder Options
No No
XBTFX 24Option
Review
Review
More Comparisons
XBTFX
vs

 24Option
vs