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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. 

Trading Forex Online

You may have come across a range of different websites that are known as Forex Broking websites, and using these websites you can sign up as a Forex trader and then place a range of different currency pairing trades, and possibly end up making some large profits based on the amount you invest on each of those trades.

However, not many people fully know the benefits and risks of becoming an online Forex trader, and with that in mind we have compiled the following guide in the hope that you will give it a quick read through and grasp the basics of how Forex trading works, and then make an informed decision if they are the right type of investments for you.

One thing that you do need to be aware of is that Forex trading is more like gambling than an actual financial investment, for on every single Forex related trade you place there are only every going to be two outcomes, one which will be a wining outcome for you where you make a profit and the other one began a losing one where you will lose the entire amount you placed on those trades. There is some controversy as to whether Forex trading should be regarded as gambling

Once you have opened up a trading account at any Forex Broker you will then simply need to log into your trading account, make a deposit into that account using a range of different banking options and then simply select just what Forex trades you wish to place. Before you make an account, ensure that you have researched all the available deposit bonuses possible with the website.

Whilst there are some very exotic types of forex trades you can place online the most basic of them will simply entail you selecting two different currencies to pair up together, you will then be hoping that the first currency in your pairing moves in value in regards to the second currency you have chosen.

If that first currency in your pairing does increase in value once the time allocated to that trade expires then you have made a winning trade, however if it drops in value when the trade expires then you will have placed losing trade and your stake money will be lost.

However, one of the main benefits of choosing to place these types of Forex trades is that you are not buying the currencies involved and then selling them again you are simply placing a bet on the way the values of those currencies will move.

You may be wondering just how much profit you stand to make on any currency pairing and Forex trade you place, well that is going to be up to the Forex Broker you are using to place your trades at, for each Broker will be offering their own payout percentage on their Forex related trades.

Take for example a Broker that is offering you an 81% payout on Forex created trade, then if you place a trade with £100 and then you chose currency moves in the right direction you have chosen and expires resulting in you having placed a winning trade then the Broker will pay you out your initial £100 stake along with your profit of 81% which is of course £81.00.

One of the major benefits of you signing up to a number of different Forex Brokers is that when you do make an initial deposit at those traders for the very first time you will be offered a wide and varied range of different bonuses, which you are more than welcome to claim.

However, do make sure that you read through any terms and conditions regarding any Forex related trader bonus you are thinking of claiming, as that is where you will find details of how you can use those bonus credits.

Should I Use a Letting Agent to Rent Out My Home?

If you have home that you wish to rent out for the short or long term then you have two options in regards to how you can handle the management of that letting, you may wish to handle it yourself or you may decide the best course of action is to let a letting agent handle everything in regards to letting your home for you.

However, there are several different things that you need to be aware of when you do use a letting agent, and with that in mind we shall now point out some of the more important things that you need to consider when you are thinking of using a letting agent.

The first thing that a letting agent is going to be doing is charging you are very large range of fees and charges in regards to renting your home out. Many letting agents will initially charge you a listing fee which will see them then advertising your home for rent on their websites, and/or in the property sections or local newspapers and magazines as well as them putting up a listing in their premises and adding your home to a range of different local and national home to let listings.

You will also find that they will charge you a management fee for your property which is usually deducted from the rent they are charging your tenant, and they will also arrange for any repairs to your home whilst it is being let out by them, however you will of course be charged for those repairs.

One of the pitfalls of renting out your home yourself is that you may be unsure how to check references from tenants and also check their credit ratings, which is something a letting agent is able to do, fortunately the cost of those credits checks and reference checks are paid for by the potential tenant.

Whilst you may be perfectly able to rent out your home privately and by doing it yourself you will save often a small fortune in charges and fees, if your property is not local to where you live or if you are moving abroad for example then you really do need to consider using a letting agents as they will handle everything for you and will take all of the stress out of renting your home.

The higher the value of your property, the more it can make sense to use a letting agent since often the initial fees are the same cost. Thus, with a higher value of rent the cost is a smaller percentage of the value.

Before you let your property, you need to ask yourself if you are ready to be a landlord. Being a landlord is exactly like having another job, and for some the hassle, time, and risk of letting to renters is not worth it. A letting agent can take out much of the stress. 

Choosing the Best Travel Insurance Policy

There are some things that you should never leave to chance when you are planning a break away, and in this guide, we are taking a look at exactly what you should be looking for from any travel insurance you do take out.

It can often be the case that people will tend to use a price comparison website to select the cheapest policy available, however there are lots of pitfalls if you do that, for the cover you may get from your low-cost travel insurance policy may not be covering you for certain things.

With that in mind please read on and use this guide as a sort of checklist in regards to what you should be demanding from any travel insurance policy you do decide to take out.

Travel Disruption – The first thing you should make sure that your travel insurance policy covers you for is any type of travel disruption, including when you are on the way to the airport or port if you are going away on a cruise for example.

You will find many policies do not cover you for this aspect of your holiday but it is something you really do need to be covered for just in case.

Personal Possessions – A theft can occur at any time and that is something that you do also need to be aware of, and you should ensure that any policy you do take out covers you from the minute you leave your home.

It is not only having things stolen you should ensure that your policy covers you for, as you may lose or misplace your holiday cash, passport or even your suitcase, so make sure that all of your own personal possessions including money, passport and any valuables are covered.

One tip which is worth knowing is to take a picture of everything you are taking with you on holiday and keep the picture or pictures at home, just in case anything does go missing you will have a record of what was in your case and any additional high valued possessions too.

Medical Cover – Many UK based holiday makers who are going on holiday on a trip within the European Union will be pinning their hopes on the fact that their EHIC card will cover them should they have any type of accident or illness on their holiday.

However, that card will only cover you for your basic medical needs and as such you should ensure that you have sufficient cover on your insurance for you and your entire party. The more cover you can get the better as you need to be looking for a policy that covers you for millions of pounds in cover, more so if you are travelling to countries such as the US. The US is notorious for having inexplicably high medical costs, in part due to the private healthcare system that they use.

Terrorist Cover – With some parts of the world being very dangerous then another thing you should be looking to be covered for is any type of terrorist attack in the country or countries you are visiting. In general, you must be using travel advisories in order to avoid these types of high risk countries in the first place, however sadly with terrorist attacks in Europe this coverage is becoming more and more necessary in countries that have a reputation for safety.

Look to take your holiday cover out as soon you book your holiday and make sure you are covered for anything that may happen by way of terrorist attack before or during your holiday, for you could have your holiday cancelled at the last minute if there is such an attack in the run up to your holiday and you will not want to lose out financially if that holiday is cancelled.

Dangerous Sports Cover – The whole idea of a holiday is that you will be wanting to take it easy, relax and sometimes try out things that you may never have tried before. That is why you should also ensure that you are covered for anything that could be classed as a dangerous sport whilst you are on your holiday.

Doing things such as jet skiing or paragliding is something that many people will fancy doing on their holiday, but if you have not told your travel insurance company that you may be planning on doing things like that then if an accident does occur you will find you may not be covered for that accident.

Cancellation Cover – As many people like to plan their holidays months in advance and pay for those holidays months in advance too you should check your insurance policy has adequate cover for you having to cancel your holiday for a range of different things.

If you do have adequate cover just in case for example one of your party becomes ill, or there is some other reason why you cannot take your holiday such as a death in the family or one of the party should die then you will get the entire cost of your holiday returned.

Places to Buy Your Travel Insurance

Now we have taken a look at some of the more important things you should ensure you are covered for when taking out a travel insurance policy we shall now take a quick look at where you should be buying your insurance from.

Many people prefer the personal touch of booking a holiday directly with a local travel agent, however when they then try and sell you an insurance policy you will often find they are overpriced and may not be offering you are much value as you could have hoped for.

Possibly the best way you can secure the ideal travel insurance policy for you is via a price comparison website as mentioned above, however make sure that the website you are using is going to allow you to input a large range of your own personal requirements into the quotation page.

That way you will be 100% guaranteed of knowing that all of the different things you want additional cover for are indeed covered by that policy. You may also find your bank or building society gives you a free travel insurance policy if you have a packaged account or even a credit card from them, however do check you are covered for everything via those policies before you book and then go on your holiday.