24Option started life as a binary options provider but now only offers CFDs for Forex, Commodities, Stock and Indices. Regulation is poor, with oversight from the Belize IFSC only - meaning that 24Option is not permitted to take clients from Europe and a number of other countries. The minimum deposit at 24Option is 250 USD, and support is provided for its proprietary web-based trading platform as well as MT4. Spreads are relatively wide for a market-maker of this type and educational material is restricted to active traders.

So you want to get started in Forex trading but feel a bit daunted by the process - maybe you’re not sure where to start? Or you’re not sure how to pick the right broker? Maybe you’re worried that South African brokers are untrustworthy? Well, we have made this quick step by step guide to getting you started.