Boleto is an official Brazilian payment method regulated by the Central Bank of Brasil. Boleto is popular with consumers who just prefer the security of offline or cash payments.
In order to deposit with 24option you must first complete the transaction. A step by step process on how to fund your 24option account can be found here. Please note that 24option only accepts investments in USD, but you can fund your Boleto in Brazilian Real.
Once payment is made, you are provided with a Boleto bank slip which is valid for 5 days. You have the option of printing the form and paying it physically or paying electronically. Payment can be made with cash at any bank, at more than 48,000 ATMs, drugstores, supermarkets, lottery kiosks, post offices' etc. Electronic payments can also be made, through internet banking or mobile banking apps.
Boleto payments are confirmed up to three business days. However, PagBrasil, offers Boleto Express and Boleto Flash®. Both are enhanced forms of Boleto, providing an accelerated payment confirmation. With Boleto Express, PagBrasil automatically provides a payment confirmation until 10am Brasilian time and with PagBrasil’s unique Boleto Flash® technology, paid Boletos can be confirmed within two hours on business days.
The 24option minimum first time deposit can be found here.
The maximum deposit amounts are as follows:
Per Transaction: USD$3,000
Daily Limit: USD$5,000
Weekly Limit: USD$10,000
Monthly Limit: USD$20,000
These limits can be raised with the following documents:
-Proof of Identity (Same document used when making deposit).
-Proof of Residency (no more than 3 months old).
The limits can be raised even further once a Proof of Funds from the bank is also supplied.
Trading in Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.
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