Is 24options a reliable broker? Find out in this review

Reviews for 24 options

User Reviews Review 24Option began its journey in the now-defunct binary options market. Briefly, the binary options market was notorious for fraud and scams, which prompted global regulators to clamp down on the marketing of binary options. Regulators voided operating licenses, and eventually put an end to this dubious sector. The company has voluntarily renounced its Cypriot license, which took effect on August 20, ; the broker caters to international clients from Belize. It would be imprudent to state with any certainty whether or not 24Option has left the binary options industry practices in the past; however, appearances suggest that some ill-advised and questionable practices remain intact.

The reputation of this broker is doubtful! We do not trust this broker and do not recommend it to you.

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Sign up with XM instead With so many brokers in the Forex industry, one needs to be very careful while choosing a broker as there is nothing worse than getting stuck with a terrible one. It was established in Belize in and is regulated by the local financial authority. Many 24Options opinions state that the broker is a scam or a fraud.

24Option Review – Forex Brokers Reviews & Ratings |

It offers Forex and CFDs trading to its customers. The minimum deposit with the broker is ZARleverage is pretty high — and the spreads start from 0. The payment methods are diverse and one can have multiple currencies on one account.

On the shady side, the withdrawal is complicated and the broker charges fees. Make sure to read the detailed Option24 review to learn everything you need to know before you consider trading with the broker.

24Option Review – Key Details;

The brokerage was established in Belize in and is regulated by the International Financial Services Commission of Belize. The license number displayed on the website is valid. There are several things to consider. First is the fact that the brokerage is based in Belize, classifying it as an offshore company, at the same time the Belize financial regulator is not one of the most trusted and recognized ones.

Are 24Option a Scam? A "Must Read" Review For UK Traders

Last but not least, the broker does not have regulations from the authorities of other countries — meaning that trading with them contains high risk. The reputation of the broker is not something that 24Options can be proud of.

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For a long time the company was a binary options broker and does not have a very clean history, therefore 24Options scam can be a real thing. In the Ontario Securities Commission added the company reviews for 24 options 24Options. The dark design of the website with the gold elements looks somehow unpleasant.

Content-wise, the website does not have many categories and pages. The variety of languages is not so good, the broker offers only four of them — English, Spanish, Russian and Arabic.

The good thing is the broker has a Facebook account with a wide audience and is pretty active. Education I was happy to see the education category on the website, as I like to see that the broker is trying to educate its traders.

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But unfortunately, I was easily disappointed when I checked it. There is a daily market report with an economic calendar and trading central, but you need to be registered to access it.

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The broker offers an advanced interactive Ebook. The broker also hosts webinars, you can see the schedule on the website and register for it.

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On the main page there is a video library which was one of my last hopes in terms of education, however, it turned out to be nothing but powerpoint presentations with text on it.

Overall, 24Options.

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What 24Options has to offer 24Options offers to trade with five asset classes, there is no information on how many trading instruments does the broker offer overall.

It can be as low as 0. Most brokers offer spreads of 1 pip or even low, on basic accounts.

Stocks — 61 companies Supported Methods of Payment For Depositing and withdrawal of funds at 24 options, there are various methods available for the traders to use. It also offers Marijuana stocks to trade. The trading area has now been restructured in-house as opposed to the earlier TechFinancial platformand they have improved their platform by adding the option of trading CFDs. The difference between both the CFD and Forex platforms is that the traders can use leverage. Levels up to x are accessible.

This decreases the 24Options rating even more. Minimum deposit The minimum deposit with the broker reviews for 24 options about ZAR It is higher than what many good brokers offer but some of them do have higher minimum deposits. Hence 24Options minimum deposit is not the best but is not the worst as well. The reviews for 24 options three providers are unregulated.

Traders can use several currencies for one account. Once your payment is received with the 24Options system it will appear on your trading account, however, with a wire transfer, it might take five business days.

Leverage The maximum leverage on 24Options is As I always say, traders should be beware of high leverages if they are not well experienced as it might result in a huge loss.

Withdrawal 24Options withdrawal is not the easiest thing on earth. First, the customer needs to fill the withdrawal form — reviews for 24 options is a normal process. Next is providing legal documents that 24Options request. Proof of address — reviews for 24 options can be a bank or credit card statement or utility bill from the last 6 months.

If you have used a credit card for depositing the funds, you need to show the front and back of the card showing the last 4 digits only.

What is 24option?

If you have used several credit cards for depositing funds you will need to provide all of them. Withdrawal will not be confirmed until all the requested documents are provided.

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When I see that the withdrawal process is this complicated I always get suspicious and suspecting the 24Options scam all over again. Only the platinum account does not charge fees. Other withdrawal fees are as follows: Credit card: 3.

  1. Want to trade with 24Options? make sure to read the 24Options review first

Very few brokers have withdrawal fees, but unfortunately, 24Options is not one of them.