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/10

24 Option Prime

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 5-10 years |
ECN Account Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.24optionprime.com/

Website

Rating Index

Contact

https://www.24optionprime.com/
Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
24 Option Prime ltd
Email
support@24optionprime.com
Address
Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • 24optionprime.com
    198.54.115.228
    Server Location
    United States United States
    ICP Registration No.
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    Top Visitor Locations
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    Creation Date
    --
    Website Name
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    Company
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Company Profile

Company Profile

Review summary

Note: Since this brokers official site (https://www.24optionprime.com/) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information

24 Option Prime is allegedly a Saint Vincent and the Grenadines-based broker that provides its clients with leverage as high as 1:500, variable spreads and commissions on diverse trading assets and a choice of six different account types.

Market Instruments

24 Option Prime advertises that it offers a wide range of tradable instruments, including CFDs, forex currency pairs, cryptocurrencies and options.

Account Types

There are six trading accounts offered by 24 Option Prime, namely Swap Free, Micro, Standard, ECN Prime, Options, Crypto. The minimum initial deposit to start a Micro or Options account is only $10, aligning with most brokers' requirements. While the Standard or Crypto account requires much higher initial capital of $100, and the ECN Prime account requires the highest initial deposit amount of $500.

Leverage

The maximum leverage ratio is influenced by what account types traders are holding. Clients on the Micro account enjoy the maximum leverage up to 1:500, while the ECN Prime account with the leverage as high as 1:100, and the Crypto account with the leverage of 1:3. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Different account types enjoy different minimum spreads. For instance, the spread in the Standard account starts from 1 pips. As for commissions, different deposit or withdrawal methods requires quite different commissions. In terms of deposit options, the commission of Bank transfer and FNB South Africa depends on the originating bank, while VISA, Visa Electron, MasterCard, Maestro, FasaPay, Neteller, Mobile, Payeer, RBKMoney, RPcard, WebMoney, Moneta.ru Credit Cards, Skrill, WinPay, Yandex.Money and help2pay with the commission of 0%. When it comes to withdrawal methods, the commission of Bank transfer is €50.00, while FNB South Africa with the commission of 1%, but not less than 5 ZAR, FasaPay, Skrill, Webmoney and Yandex.Money with 1%, Neteller with 2%, but not less than $1, Payeer with 1.5%, Perfect Money with 0.5%, VISA/MasterCard USD with 2% + $10.

Deposit & Withdrawal

24 Option Prime accepts a huge number of deposit options, ranging from Bank transfer, FNB South Africa, VISA, Visa Electron, MasterCard, Maestro, FasaPay, Neteller, Mobile, Payeer, RBKMoney, RPcard, WebMoney, Moneta.ru Credit Cards, Skrill, WinPay, Yandex.Money to help2pay. Likewise, it also works with multiple withdrawal methods, containing Bank transfer, FNB South Africa, FasaPay, Skrill, Webmoney, Yandex.Money, Neteller, Payeer, Perfect Money and VISA/MasterCard USD. As for deposit and withdrawal processing time, deposit or withdrawal via Bank transfer and FNB South Africa usually requires 3 to 5 days, deposit via VISA, Visa Electron, MasterCard, Maestro, FasaPay, Neteller, Mobile, Payeer, RBKMoney, RPcard, WebMoney, Moneta.ru Credit Cards, Skrill, WinPay, Yandex.Money and help2pay requires only 15 minutes, withdrawal with FasaPay, Skrill, Webmoney, Yandex.Money, Neteller, Payeer, Perfect Money and VISA/MasterCard USD requires up to 3 days.

Customer Support

24 Option Prime‘s customer support can be reached through email: support@24optionprime.com. Company address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone number while most brokers offer.

Company Profile

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

How safe is trading with 24 Option Prime?

Trading with 24 Option Prime carries an extremely high level of risk, which is quantitatively reflected in its Skyeye risk assessment score of 1.54. The entity operates without any valid forex trading licenses from recognized financial authorities and is registered in the offshore jurisdiction of Saint Vincent and the Grenadines. This means it lacks mainstream regulatory oversight, client fund protection schemes, and formal dispute resolution mechanisms typically associated with regulated brokers. Potential clients should thoroughly understand these significant safety deficiencies before considering any engagement.

In a week
United States

What is the regulatory status of 24 Option Prime?

24 Option Prime ltd operates as an unregulated entity. It holds no verified licenses from major financial regulators such as the FCA, ASIC, CySEC, or others. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction known for its light-touch financial services oversight that does not mandate specific forex brokerage licensing or client fund segregation. Therefore, it functions without the credible, authoritative oversight that defines a regulated brokerage environment.

In a week
United States

How can I contact 24 Option Prime?

Contact details for 24 Option Prime are not publicly disclosed in their standard broker profile. For an entity of its nature and risk profile, the lack of transparent, easily accessible contact information such as a verifiable physical office address, direct phone line, or confirmed email is a notable operational characteristic that potential users should be aware of.

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What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

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How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

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How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

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What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

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What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

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