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.
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.
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.
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.
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.
This new trading platform combines the company’s binary options trading facility with its new ability to trade Forex, CFDs, and commodities.
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.
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.
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:
- Credit/Debit Cards
- Wire Transfer
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:
- 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.
- 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.
- 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.
- 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.
- 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.
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Who's 24Option For?
24Option is for you if:
- You’re serious about doing trades on a legitimate trading platform
- You are aware of the risks involved in trading
- You’re willing to take your trades further by investing more
- You’re willing to learn more about trading
24Option is not for you if:
- You are not that familiar at all with any aspect of trading on any platform
- You are not willing to risk money on trading
- You are not updated on current market trends
What I Like About 24Option?
#1 - 24Option is Regulated, Safe, and Secured
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.
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.
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.
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.
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!