Is 24Option a Scam? Read This Before You Invest In It

Is 24Option a Scam? Read This Before You Invest In It

Welcome to my 24Option review!

If there's one trading platform out there that you can trust from all the rest, it's 24Option.

First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.

That's the way to avoid scams and find the legitimate way to make money online!

Let me be completely transparent with you, I'm not associated with 24Option in any form.

So, rest assured that I'm not here to pitch or sell anything to you.

Instead, I'm here to reveal what sets this trading platform on a league of its own, and why it does what it does to be the best. 

Is 24Option a scam, or is it a legitimate trading platform? 

Find out in this article...

24Option Review Summary

Product Name:  24Option

Founder:  Rodeler Limited

Product Type:  Trading Platform for Forex, CFD, Stocks, and Cryptocurrency 

Price:  Minimum deposit varies depending on account. Starts out at EUR 250 for Basic and up to EUR 50,000 for Platinum.

Best For:  Novice and experienced traders who want to take their trading to the next level, and who are aware of the current market trends and its associated risks. 

24Option Review Summary Image

Summary:  24Option is one of the most trusted trading platform on the Internet. It's a platform that I can recommend to both novice and experienced traders for the following reasons. First, the platform is heavily regulated, so it can't afford to do anything wrong. Second, their site is user-friendly and has multilingual support. Third, they have a fully functional demo account that provides you with a learning experience without worrying about losing money. Lastly, they have impressive customer support, both in helping and training their traders. 

Rating: 90/100

Recommended:  Yes


What is 24Option?

24Option is an award-winning online broker that provides services for binary option traders since 2010.

In 2016, they became a full-service Forex broker that expanded their services to include trading in CFD's, commodities, stocks and indexes, and Forex.

24Option Main Site

In 2017, 24Option stopped their binary options trading and focused on their FX (Forex) and CFDs.

The company is owned by Rodeler Limited and is regulated in Cyprus by the Cyprus Securities and Exchange Commission or CySEC under the license number 207/13.

Rodeler also owns GrandOption, QuickOption, and 24FX brands, which offer the most advanced trading platforms to date.

Their registered addresses are Cyprus and in London, England.

Inside 24Option

24Option boasts of being one of the world’s first online binary options brokers and offers a wide range of underlying assets that’s carefully selected to accommodate traders around the world.

Their list of assets include CFDs on equity indexes from the world’s biggest economies including Dow Jones Industrials, NASDAQ, DAX, FTSE, MICEX and TADAWUL.

CFD’s are also offered on popular US-based technology like Google, Apple, and Facebook as well as stocks of the largest banks in Europe and Russia like Barclays, Deutsche Bank, and Sherbank.  

24Option also offers trading in major and minor currency pairs that include key currencies from different nations around the world.

These include the EUR, USD, CHF, AUD, GBP, and JPY to name a few.

Traders with 24Option also carry out their trades using their proprietary platform in addition to MetaTrader4.

Like other online brokers, the company does not charge its clients commissions and relies instead on widening a currency pair's dealer spread to compensate themselves.

Scipio Trading Platform

Apart from allowing traders to use the MetaTrader4 platform, 24Option developed their own trading platform.

It includes many features not available to other trading platforms and the company’s previous web-based platform.

24option Bitcoin trading software

This new trading platform combines the company’s binary options trading facility with its new ability to trade Forex, CFDs, and commodities.

Mobile Trading

Traders can also trade the markets by using their mobile devices and smartphones.

24Option developed a mobile trading app optimized for both iOS and Android devices.

These apps can be downloaded on the Apple Store or Google’s Play Store.

24Option Mobile App

The MT4 platform also has a mobile version that offers traders the ability to use most of MT4’s functionality on the go, like seeing live streaming rates, viewable trading history and open positions, and placing orders.

Trading Bitcoin With 24Option

24Option has been at the top of the industry since it began and they’ve constantly been able to do that by improving and going with the prevailing trend.

24option Bitcoin trading

By listening to their clients, 24option broke ground by trading Bitcoin and other cryptocurrencies in July 2017.

 Clients are now able to trade, Bitcoin, Dash, Ethereum, Litecoin, and more on 24Options’ CFD Platform.

24option Deposits & Withdrawals Options

24Option made it easy to fund trading accounts, no matter where you are in the world. To accommodate different traders from different countries, these are the following methods to deposit funds:

  1. Credit/Debit Cards
  2. Wire Transfer
  3. CashU
  4. Skrill
  5. MoneyBookers

Meanwhile, withdrawals at 24Option are straightforward and less hassle. Traders are first required to verify their account by submitting the necessary documents.

For withdrawal methods, these can be done the same way as to how deposits were made.

If a trader funded his account via his credit card, then the withdrawal will be executed through his credit card up to the amount that was deposited.

The excess balance of the withdrawn amount will then be transferred to the trader’s bank account via wire transfer.

How to Get Started With 24Option

There are various 24Option account types for each client, depending on an account manager’s evaluation. These include:

24Option Account opening 1
  1. Basic – The 24Option Basic account requires a minimum deposit that offers access to the MT4 and company’s Web client platform for one-click trading as well as access to the mobile app and 24/7 customer service access. Minimum deposit of EUR 250 is required.
  2. Silver – Includes all of the features of the basic account with the addition of Trading Alerts and a Personal Trading Coach. The minimum deposit is EUR 2000.
  3. Gold – Includes all of the features above in addition to giving traders SMS and email alerts as well as an extra 2 percent return on every trade they make. Minimum deposit required is EUR 25,000.
  4. Platinum – Includes all features listed above in addition to access to a research website and Live Training session. They also get an extra 4 percent return on every trade they make. Minimum deposit required is EUR 50,000.
  5. Diamond – Includes all of the features from the other account types in addition to complimentary tickets to Juventus FC soccer matches in Europe and customizable trading platform. There’s no minimum deposit specified and has to be set up with 24Option’s account managers.
Jerry Huang, Founder of Smart Affiliate Success

I'm Jerry!

I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!

4 figure monthly passive income

Who's 24Option For?

24Option is for you if:

  1. You’re serious about doing trades on a legitimate trading platform
  2. You are aware of the risks involved in trading
  3. You’re willing to take your trades further by investing more
  4. You’re willing to learn more about trading

24Option is not for you if:

  1. You are not that familiar at all with any aspect of trading on any platform
  2. You are not willing to risk money on trading
  3. You are not updated on current market trends

What I Like About 24Option?

#1 - 24Option is Regulated, Safe, and Secured

Unlike other trading programs like Fast Cash Club, Crypto Coin Sniper, and Quantum Ad Code24Option is heavily regulated with the country’s regulating body and other agencies. 

This is because it operates in different countries, requiring it to register with their financial regulatory agencies before any trades can be done by their citizens. 

24option Regulations

The different regulatory bodies that watch over 24Option and its traders.

This allows 24Option to create a safe trading environment that meets the best interest of all involved and financial protocols are ensured to guarantee their investors’ safety.

#2 - They Have A User-Friendly Site

Through their proprietary platform, Scipio, 24Option can easily switch between different forms of trading.

The site and platform is constantly being updated and improved on, and is available in 12 different languages including English, German, Spanish, and Arabic.

The trading platform is also translated into 22 languages.

#3 - They Have A Fully Functional Demo Account

Unlike other trading platforms, 24Option traders can easily switch between Demo Account and Real Accounts.

24Option Demo

The Demo Account would allow traders to trade based on live market data. Traders who sign up for the demo account get EUR 100,000 in trading funds for practice.

This would allow you and other traders to practice trades without worrying about losing any real money.

#4 - Impressive Customer Support

24Option provides 24/7 customer service via live chat and email, and telephone assistance in 12 different countries.

Speaking of customer support, they also provide a wide range of educational materials like daily market news and updates, interactive books, videos on demand, and webinars to their traders.

Their Trading Central Feature allows clients to access third party market analysis and historical data.

What I Don't Like About 24Option?

I try to be as fair and as honest as possible with my reviews, and this includes finding out the positive and negative sides of a program.

For 24Option, I couldn’t find anything negative that was worth pointing out. The fact that the program is heavily regulated means that it can’t afford to do anything fraudulent.

24Option Complaint 1
24Option Complaint 2

Most of the negative reviews that I’ve read don’t seem that "real" because all they claim is that they lost money without going into details of how they lost it.

24Option Complaint Procedure

A Snippet of their Complaint Procedure. You can read the full document on their official website.

Another reason why these reviews are not real is that 24Option has an actual procedure for handling claims, and upon browsing the page, it looks like it was written by an attorney.

Any smart trader would actually follow through with the procedure first before complaining about what happened to their money or their account.

Is 24Option a Scam?

24Option is far from being a scam, and it’s probably one of the most trusted trading platforms in existence to date.

If you’re an experienced or novice trader looking to take their trading to the next level, this is a program that I can recommend.

First, they’re HEAVILY REGULATED by different agencies across the world.

This means that they cannot afford to anything fraudulent because it’s going to be their reputation on the line when there’s proof of any wrongdoing.

Second, they have a user-friendly site that’s constantly being updated and improved, and it has multilingual support as well.

Third, they have a fully-functional demo account that gives you adequate learning experience on trading without losing any money.

Lastly, their customer support is impressive, both in aiding and improving their traders. There’s live chat, email support, and telephone support available 24/7 if there are any issues with your account.

There’s also an education center with books, webinars, and videos on demands that will boost your skill in trading.

How I Make A Living Online?

I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!

Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...

If you want to discover the secrets of how I did it at such a young age, click here!

Justin Hagen

Justin has worked as an SEO and content specialist for the last 9 years. His success in the industry has allowed him to graduate from college, pay for a wedding, and pay for their first car. He recently joined Jerry as a writer for the Smart Affiliate Success blog.

Click Here to Leave a Comment Below 3 comments
kendrick - June 7, 2019

I agree with this article as i have being a victim of these fake brokers. I invested about $590K MAGNUM option and
all could do in my first withdrawal was $59k. Then my money started going down the drain till i was left with only
the bonus they said i couldn’t withdraw until i fund my account again. The trend continued and i lost everything.Not one dollar was left. I almost died knowing i was scammed. I was very determined to get my money back so i had to hire a wealth recovery expert (azemmanuel404@Gmail. com) who recovered 80% of my money including my bonuses to me. The moral of this story is for everyone to be very vigillant about the kind of broker you invest with and if you have lost some money don’t giveup the quest to get your money back

Jon - March 4, 2019

This is a scam. Have a lady by the name of “Eloise Noble Yeager” contacted me out of the blue through Facebook, very friendly and asked me to trust her. Started telling me about the business and how to make money and that she is an expert employee working for the company She tell me that everything is real that she is not lying to me. She assure me that she will not do me wrong.

Out of curiosity, I tried it out. I thought to myself that this is a scam because when something is too good to be true, it usually is. I just wanted to see how they gonna scam me. After I register and deposited the money, her Facebook account got hack according to her. So, she have to close her account. Funny thing is that her account remain active with no issue for weeks until I decided to joined her. That is red flag #1.

Then after 4 days of trading, she noticed that my account have been block from trading because I made too much money and need to upgrade. There is a requirement of $340 maintenance fee. I will need to deposit that amount within 48 hours in order for me not to lose my profit and to continue trading.

I asked her, can the company just take it out of my account? She told me no because it is my money so they can’t touch it. So I asked, since it is my money, can I take out the amount that is required to pay the maintenance fee and leave the rest for trading? She told me no and that I will have to find other means of payment. That is red flag #2.

I asked her, can she lend me the money and I will pay her back with the 10% commission since I’m only two days away from my first withdrawal. And she’s going to get 10% from the withdrawals anyways. She told me no because that is against company policy. That is another red flag.

To me the only reason why she will not loan me the money to reactivate my account is that the money in my account is not real. And the reason why I can’t touch the money and the company can’t take the money out of my account for the maintenance fee is because the $5,655 I have in the account are not real. The only real money is the $350 I deposit when I opened the account with them. Didn’t really care, this is a $350 dollar payment for a life lesson I guess…be careful people, when something is too good to be true it usually is. I already suspect that this is a scam. Just out of curiosity I took a chance. My mistake help a lot of people I know from joining these type of scams.

    Jerry Huang - March 12, 2019

    Thanks a lot for sharing the details. But you really shouldn’t waste that money lol.


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