Is 24option a scam

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24Option Review

UPDATE JULY 2020: 24Option is no longer offering binary options trading

24Option (www.24option.com) is one of our favorite binary brokers of all time. Respected in the community with fair trades and competitive payouts. They sponsor some of the largest sporting names in the world and have a huge brand recogonition. You should be trading binary options at 24option.com.

  • Official Website: www.24option.com
  • Headquarters: Limassol, Cyprus
  • Phone Number: 357 25 262789 use the contact us page for a phone number in your area
  • Email Address: [email protected]
  • Trading Platform Used: Tech Financials

Is 24Option a Scam? – Complaints for 24Option.com Broker

24Option.com is legit. We are confident in saying that 24option is a legit broker with a positive reputation in the industry from the traders and business partners side. As a matter of fact, 24Option has one of the best reputations in the binary trading industry. 24Option is well trusted by BinaryOptionsBlacklist.com.

Binary Options carry a high level of risk to your capital due to the volatility in 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.

Is there A 24option Scam To Know About? What’s Up With The Complaints I see?

The two biggest problems we see traders have with 24option are:
– 1. Many traders believe it is easy to make money on binary options trading. They think they can easily make cash following a basic ABC system or strategy that is unlikely to work.
– 2. The second biggest complaint about 24 option relates to the 24option bonus offer – If you deposit $2500 they will give you a 50% bonus match. There are strings attached to this bonus. People do not read the terms and conditions and get stuck not being eligible to withdraw until the bonus is cleared. The 24option bonus scam complaint is the most common complaint you will see online. . People accept a bonus offer blindly and do not read the terms and conditions. The bonus offers at binary brokers comes with strings attached. Big strings. This is not 24option’s ‘fault’. It is the traders initiative to fully read and accept the terms and conditions.
-3. A 4-5 second delay once entering the trade with requotes. Some traders complain of missing their entry points because of 24’s trading platform not letting the trade go through. This is a common feature of the platform and you need to be aware of it when trading. This can be especially challenging when you are trading in the 60 second options.

Our general rule of thumb is refuse any bonus offers unless you completely comfortable with the clearing requirements. And that goes for all brokers.

24option home page. Risk Disclaimer: “Trading Binary Options involves substantial risk and may lead to loss of invested capital”

Deposit Info – Minimum 24 Option Deposit & How To

  • Minimum Deposit: $250
  • Deposit Methods: Credit Card, Electronic Payment, Wire Transfer
  • Credit Cards Accepted: Visa, Mastercard, Dinners Club, JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover
  • Electronic Payments Accepted: Liberty Reserve, MoneyBookers, MoneyGram
  • Minimum of $1000USD for Wire Transfer

Range of Returns Matched With Types Binary Options Available To Trade At 24option

  • Minimum trade = $24
  • Types of Options: High/Low, Above/Below, Touch/No Touch, High Yield Touch, Boundary, High Yield Boundary, 60 Second
  • High/Low Payout Percentage: 70-88% per successful trade

The most common trade – High or Low

  • Above/Below Payout Percentage: 220-360% per successful trade on weekend trading – Carries higher level of risk
  • Touch/No Touch Payout Percentage: 70-77% per successful trade
  • High Yield Touch Payout Percentage: 200-350% per successful trade on weekend – Carries higher level or risk
  • Boundary Payout Percentage: 65-76% per successful trade
  • High Yield Payout Percentage: 200-350% per successful trade – Carries higher level or risk.
  • 60 Second Payout Percentage: 70-79% per successful trade

RISK WARNING Investors can lose all their capital by trading binary options.

24Option Bonus Info & Details
If bonuses are still something you want to try out you may find it beneficial to know that 24option does offer a bonus.

  • Up to 100% Cash Bonus (terms and conditions apply!)(I want this bonus!)

24option has the industry wide reputation as one of the best binary brokers in the industry and they are not listed as a site we do not trust on our black list of unsavory brokers.

Remember, the bonus t’s and c’s cause headaches with traders who are not aware of th

60 seconds and longer options available.

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    BINARIUM

    Top Broker!
    Best Choice For Beginners!
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    Big Sign-up Bonus!

  • BINOMO
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    Perfect For Experienced Traders!

is. This is the 24option scam that many complain about, and it is because of accepting bonuses.

If you refuse any bonus offer then you can make a deposit, make a few trades and withdraw your balance if you wish with no questions asked, quick and easy. If you accept deposit bonuses then you have tied yourself into requirements that you must now meet before withdrawing. All binary option deposit bonus offers come with strings attached. 24option or not. By taking the optional deposit bonus you are virtually guaranteeing yourself that you are not going to be withdrawing your money anytime soon. You have to roll over (meaning trade the amount) of your deposit, your deposit bonus and often any winnings on your bonus just to start. As a matter of fact, any profits gleaned from bonus money, in any fashion are not even eligible to be withdrawn. Be sure and read the T’s and C’s very carefully when deciding on whether or not you want to take a bonus.

Should you ever take a bonus?
Sure, if you are comfortable with the bonus offer and believe you can successfully trade profitable enough in order to clear the bonus then by all means take the free money! Or, if you are just gambling and having fun, take the money!.

You get a nice addition to the bankroll and you can trade to your hearts content. If you just want to get the most entertainment bang for your buck and get plenty of bonus money to trade with then take the bonus.

If you are looking to deposit and withdraw your funds in a timely manner then you need to decline and REFUSE all bonuses 100% of the time as they come with strings attached. This is standard bonus offer practice in the Binary Options world. The reason is because many, many of the players in the binary options industry come from a background of gaming. And in gaming, bonuses are the norm and the strings attached are from lessons learned from casino bonus abusers of the past.

Can You Make Money At 24Option Really?

If you are wondering if you can really make money on 24 option then the answer is yes you can. That is not a scam. You can make money trading binary options at 24option and they are one of our favorite sites to trade at. They offer fair trades and historically a legitimate binary broker. This does not mean it is simple or easy to make money.

Some of the ‘how to make money online guides’ recommend trading binary options as a quick and easy solution. If you believe you can easily win trading binary options over the long haul just by getting lucky you are probably going to be You are going to be sorely disappointed. Similar to poker, it is not luck based to win over the long term. There are smart trades and there are bad trades. Sometimes you make a bad trade and get lucky and sometimes you make a good trade and get unlucky.

Similar to poker in this aspect, it takes knowledge, skill and execution to make money at 24option.

What Can You Trade at 24Option.com? – The Assets Available to Trade

Commodities

Currencies – Binary Forex Pairs

  • Euro-Dollar
  • Pound-Dollar
  • Euro-Japanese Yen
  • Dollar – Japanese Yen
  • Pound – Japanese Yen
  • Pound – Euro
  • Euro – Pound
  • Australian Dollar – USD
  • USD – Canadian Dollar
  • Euro- Turkish Lira
  • Swiss Franc – American Dollar
  • American Dollar – New Turkish Lira

Stocks

  • Vodafone
  • Lloyds
  • British Petroleum PLC (BP)
  • Barclays PLC
  • Google Inc
  • Apple Inc
  • Telefonica SA
  • France – Telecom
  • Societe Generale

Indices

  • FTSE-100
  • DAX-30
  • Dow Jones
  • Nasdaq Composite
  • IBEX-30
  • CAC 40 Future
  • S&P 500
  • Nikkei 225
  • SMI Future
  • MIB-30 Future
  • Nifty Future
  • ASX 200 Future
  • Hang Seng Future

24Option News & Important Info

We constantly add to and update this page with links to relevant information about 24option.com. It is a great idea to bookmark this page now and check it often.

24Option Introduces 60 second binary trades – our favorite broker has began rolling out the 60 second binary options where you can trade the shortest term and arguably the most exciting style of binary options online.

RISK WARNING Investors can lose all their capital by trading binary options.

24Option Review and Tutorial 2020

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!

Traders in Russia welcome
24Option Facts & Figures

24Option deliver a high quality forex trading service, with over 45 currency pairs and variable spreads from just 3 pips.

24option offer crypto with the tightest margins. They also offer markets against a range of currencies, not just USD.

Instruments CFD, Forex, Crypto, Stocks
Demo Account Yes
Min. Deposit $250
Min. Trade From 0.1 lots
Regulated By CySec
MT4 Integration Yes
Mobile Apps iOS, Android and Windows
Auto Trading No
Trade Signals No
Islamic Account No
CFD
FTSE Spread 1 pt
GBPUSD Spread 0.2 pips (var)
Oil Spread 1 pip
Stocks Spread 0.2% Var
Forex
GBPUSD Spread 0.2 pips (var)
EURUSD Spread 0.2 pips (var)
EURGBP Spread 0.9 pips (var)
Assets 45+
Cryptocurrency
Spread BTC 0.4%, ETH 0.5%
Coins BCH, BTG, BTC, ETH, LTC, XRP, XRM

24Option were created in 2008. Opening as a Binary Options broker, 24Option is now a leading CFD and forex brand owned by Rodeler Ltd. The firm’s head office is located in Cyprus . For traders outside of the EEA (European Economic Area), customers of 24Option do business via a separate company called Richfield Capital Limited based in Belize.

In the past, the main product offered has been binary options. But 24Option has recently begun to offer CFD trading and forex in a bid to rival the more established brokers in the sector. The similarities between the products meant 24option were able to build their own bespoke trading platform, and add new functionality for CFD and forex trades. Binaries have now been removed completely.

Trading Platforms

In terms of the trading platform used by 24Option, the broker previously used the binary options trading platform that was powered by TechFinancials. However in their bid to extend their product offering, 24Option now uses a proprietary platform (with the same login details) called Scipio to provide CFDs and forex trading services.

MetaTrader 4

In addition to the Scipio trading platform, 24Option has also integrated the popular MT4 trading platform for traders who wish to trade the spot forex and CFD markets. The main attraction of the MT4 platform is the advanced trading tools that have been integrated into the platform.

So traders can use one of two platforms, each provides different strengths. MT4 is perhaps more complex to use, but includes way more analysis tools and also automation options. The traditional platform is easier to use. Traders can of course, perform research on one platform, and trade on the other. Login details remain the same for both.

Mobile Trading

24option provide a free mobile trading app for both iOS (iPhone and iPad) and android. The apps are available for download both on Apple’s App Store or Google Play Store. The app delivers all of the functionality of the main website, including many account management features. The app takes advantage of the strengths of each platform (android or iOS) in order to maximise the functionality on every device.

Using the app is slick and intuitive. The login process is quick but secure. Technical analysis becomes hard on smaller screens, but trading and amending details are straightforward and a real bonus for traders who need to react to events while they are away from their computer or laptop.

Trading Accounts Offered

There are 4 different types of trading accounts available at 24Option for you to choose from. The trading accounts are categorized into Basic Account, Gold Account, Platinum Account and the VIP Account (previously Diamond).

Each level of account offers slightly better terms, including more lessons and tighter spreads.

To open a live trading account, you need to meet a minimum initial deposit of $100.

Regulation & Reputation

Are 24Option a scam, or are they trustworthy? Their regulatory history suggests that they are a responsible company. The move away from the binary sector was designed to maintain their reputation.

In terms of regulatory oversight, 24Option is regulated under 2 regulatory agencies. For operations within Europe, 24Option is regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license no. 207/13 issued to Rodeler Ltd. For operations outside of Europe, 24option comes under the jurisdiction of the International Financial Services Commission of Belize. The authorization is issued to Richfield Capital Limited under the IFSC registration number IFSC/60/440/TS/15-16.

Bonus

Owing to the recent memo from CySec ( C168 (30/11/2020) and C194 (16/03/2020)), bonuses – either deposit bonus of free trades etc – are now prohibited. 24Option therefore do not currently offer a sign up bonus.

Instruments

Currently, the firm has a wide selection of underlying assets for their clients to choose from. In total, there are more than 130 different types of underlying assets. The selection comes 4 main asset classes mainly currencies (34 pairs), commodities (11 types), market indices (25 indices) and stocks (61 companies).

Customer Support

Customer support at 24Option is provided on a 24/7 basis. Traders can reach the support team through email, live chat or the telephone. For the following countries, localized telephone support is available:

Belize, Brazil, Chile, Colombia
Malaysia, Mexico, New Zealand
Peru, Russia, Saudi Arabia, Singapore
Ukraine, United Arab Emirates

Deposit & Withdrawal

For the funding and withdrawal of funds at 24Option, there are a variety of methods that you can use. The supported methods include VISA, Mastercard, Discover, Diners, Switch, JCB, Skrill, Neteller and bank wire transfer.

Are 24Option Best For Day Trading?

For day traders, 24Option is ideal as the broker is able to provide the right selection of underlying assets for day traders to trade with. For example with binary options, you can trade in contracts with an expiry time as short as 60 seconds. Likewise with CFDs, the trader has the choice to determine when he wants to close the trade. The ability to be able to arbitrarily close a trade is crucial for a day trader as a split second decision can mean the difference between profit and loss.

What is the minimum deposit requirement to open a trading account?

The minimum deposit requirement is $250.

How fast can my withdrawal request be processed?

The typical processing time required for a withdrawal request at 24Option is 3 business days.

Is 24Option a reliable broker?

Yes. 24Option is a reliable broker as it is regulated in multiple jurisdictions. In addition, the broker has established a reputation as being one of the leading names in the industry.

What kind of trading platform does 24Option have?

24Option offers two types of trading platforms, a proprietary platform called Scipio and the MetaTrader 4 platform.

What is the maximum leverage available?

The maximum leverage offered by 24Option is 1:200.

24Option Company Details

24Option are based at: 39 Kolonakiou Street, FREMA PLAZA, First Floor, Ayios Athanasios, Limassol, Cyprus

Accepted Countries

24Option accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use 24Option from Belgium, Iran, China, Bosnia And Herzegovina, Israel, France, Japan, Australia, Canada, United States, India, Nigeria, Brazil, Switzerland.

24option Scam Test

If you’re somebody completely new to the whole concept of online trading, one of the first questions you are likely to ask yourself is the one about the safety of such transactions. We are here to show you that there is nothing to worry about, as long as you pick a legitimate broker. 24option is certainly one of those and you will be able to read in the rest of this article what we found out when we tested their security system. For now, let’s just say that they have been around since 2020, which means they have a lot of experience. They wouldn’t be at the very top of this industry if their methods weren’t 100% reliable, as we hope to prove in this 24option scam test. Stick with us for more info.

24option Scam Test | Safety

First of all, you should know that 24option is a CySEC regulated broker, which means that it was licensed by the European Union to conduct business in its every state-member. To get this permission, some very strict criteria had to be met, but the story doesn’t end there because the EU constantly monitors this kind of trading, so the brokers always have to be on their toes, meaning 24option scam rumors are unfounded.
As for the technology, 24option uses SSL protection with thawte and ClickSSL, which is above the safety standards of the industry, as stated in our 24option Review 2020. This means that all your personal data are encoded electronically and very well protected so that nobody besides yourself has access to your account.
One other thing worth mentioning when it comes to safety is the fact that you will have to verify your identity prior to withdrawing any funds from your account. This is a sign of a legitimate broker because all real brokers require you to go through this process. As explained in our 24option Withdrawal Review, you will have to send in a copy of some form of your ID with a picture on it, something that confirms your address (like a utility bill) and a copy of your credit card (with only the last four digits visible) if you decide to withdraw money using that particular method. These security methods leave no place for 24option false rumors, but stay with us a bit longer for more info.

24option Scam Test | Payments

When you decide to deposit money, don’t forget that this broker has a special policy which says that all withdrawals will be processed to the original source of funds. The traders really have a lot of possibilities for doing this and this abundance of choice is something 24option became very famous for. You have your standard bank wire transfers, Skrill for electronic payments, as well as PayPal, Neteller and several other options. Add to that Visa, MasterCard and Discover credit cards and everyone will be able to find an option that suits them, making this broker completely safe in our 24option scam test.
The withdrawals have some fees associated with them, but they differ from method to method. They can be completely free, depending on the type of account you have and some methods even have no minimum amount required. We should also mention here that you can choose one of three different options as your currency – EUR, GBP and JPY – but be careful because you can’t change your choice once you open your account.
We have tested all available methods thoroughly and experienced no problems, whatsoever. Our invested amounts were visible in our accounts as soon as possible (it takes a while for this if you deposit via bank transfer) and the withdrawals were delivered to us exactly as promised, meaning that 24option scam rumors are completely false regarding deposit and withdrawal.

24option Scam Test | Trading platform

It is not unheard of that a fake broker tries to manipulate the trading platform in order to provide traders with fake information or that the expiration of a trade is late so that a trader can end up out of the money. Fortunately, this is absolutely not the case in this 24option scam test, because their trading platform uses only the latest and most reliable technology which enables you to receive information as soon as something happens. The prices are accurate, we have checked multiple times, and everything functions just as it’s supposed to, so we have absolutely zero 24option complaints about it. There are over 300 available assets for you to choose from (commodities, currencies, stocks and indices) and a lot of them are very well known (Vodafone, Apple, Google…) so you can check everything about them and see for yourself that the prices are correct, and you can also get verified 24option Signals that help you estimate the future market fluctuations. Only a perfectly legit broker would do that.

24option Trading Platform

24option Scam Test | Support

All the people from the support team who talked to us seem very competent at what they do. Our questions were answered immediately and in a very knowledgeable manner. We have found that a lot of other traders have some very good experiences with this team, as well, because all of their problems were solved very quickly. Some very skilled people run the webinars in the 24option education center and you can really learn a lot if you sign up for one of those. Generally, the center has a lot of materials, is very well designed and the webinars only serve as the icing on the cake because they allow you to implement what you have previously learned. In any case, the people working as members of 24option staff will be there for you when you need them with good advice and immediate help, meaning that 24option scam rumors about their customer support are completely false.

24option Education Center

24option Scam Test | Conclusion

To conclude our 24option scam test, this is one of the leading online brokers in the world and it is certain that they wouldn’t have made it that far if they were anything else but a reliable and legitimate broker. Five years is a lot of time which has been used in the best possible way by this company to build a support system unmatched by any other broker. They were recognized by the EU through thanks to the CySEC license, so you can be sure of their seriousness and commitment.
24option implements the very latest and most secure technology to conduct business with its clients. They do their best to provide these people with the best trading experience possible and, judging by the reputation they have and the fact they are one of the global leaders in this business, are doing a pretty good job. As seen in this 24option scam test, this broker also has a great support team to assist their clients at any time so the company’s success should come as no surprise. If you have any doubts about how safe this kind of trading really is, this broker is the one which will put your mind at ease.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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