Is 24option Scam Broker

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Is 24Option Scam? Broker review

On the web, you can find a lot about 24option. It is no surprise, because according to the statistics, 24option is the 2nd largest binary options broker in the world (Banc de Binary is 1st) However in this review, we will show you all information combined, making a big list of reasons why 24option is a scam or not.

24option is a binary options broker established in 2020 with headquarters in Limassol, Cyprus . Some may think this is s red flag, but, in fact, that is completely normal for binary options brokers. Most of them have their headquarters in Cyprus, because of regulatory purposes.

24option basic info

  • Official Website: www.24option.com
  • Headquarters: Limassol, Cyprus
  • Trading Platform: Tech Financials
  • 2nd largest binary options broker

Why is 24option scam?

I’ve read many complaints against 24option, saying that they scam people, they never let you withdraw your earned money, or even they lie about giving you free money and such. Those are all invalid reasons. Read on to see what I mean.

People complain, that they were offered free money (24option bonus) but then when it came down to paying customers out, there were problems. Yes – this situation can occur. But only if a customer has accepted a bonus AND has not completed all procedures needed for the bonus to be withdrawn. In order to withdraw money including the bonus offered by 24options, a customer is required to:

  • Upload necessary documents to prove the customer is, in fact, the person they claim to be
  • Complete wagering requirements (40x the value of the bonus)

If any of the above is not met, the withdrawal of the bonus funds is not possible. If you have this kind of problems, please, contact the customer support.

Another reason why clients might complain and dislike 24option is: losing their money. Trading binary options simply involves risk. Everyone should know that. It is an investment, with which your money is at risk if you do not invest (make trades) wisely. If you do not know what you are doing, please, learn something about binary options first and try trading on a demo account. You can do that either with 24option, but also with our demo account: x Binary Options Demo.

24Option regulations

24Options are regulated by important regulatory authorities of the world including the FCA in the United Kingdom, CySEC, Financial Market Authority and more. The complete list of regulators, that have approved trading with 24options can be found below – all of these official authorities have said “24Option is NOT a scam,” and gave them regulations.

A list of regulations found at www.24option.com

Their platform (Tech Financials)

Tech Financials is a platform programmed by a third-party company that creates binary options trading platforms not only for Banc de Binary but also for other brokers. 24Option is, however, one of the few brokers that use this platform.

This means that trading program, where traders make all the trades is not programmed by the broker itself, but by a different company. In the company’s intents is to make the platform as good as possible, in order to sell it to their clients (24option). If it was any sketchy, they would not buy it.

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24option’s platform had to be reviewed by all regulatory authorities.

Have you been scammed by any broker? MyChargeBack might be able to help you! Fill the form below.

More information about 24option

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

190 Responses to “Is 24Option Scam? Broker review”

I lost a house worth of money. DO NOT GO HERE it ruined my life

The worst trading plataform, don’t trust them, they will rip you off.
The worst trading plataform, they just rip me off 300 dollars from my account with the explanation was that the account was inactive for 1 month scammers, they don’t ever let you know that there is a fee for this and before they made close all my operations, because they had to makes changes to the plataform, without any notice. Im going to redraw my money now from this scammers.

Sir, is Premium 24option a scam? Can i still get my money from them?

Hello, I don’t know anything about 24option premium, I’m sorry.

Everywhere page I open that has to do with binaryoption or forex investments all have great customer reviews but when I tried investing with binaryoption, from plus option, to binomo to IQoption, I lost a lot. I still have someone helping me with my trades but I keep losing and now they want me to invest more money. I need to speak with people who have invested and had similar situations. Please reach out to me on my username

Hello, thank you for sharing your story. Trading is really complexive and long term activity. It took some time to find the right strategy, broker and the power to influence own psychology. Be patient. We wish you good luck.

24 option is a scam organised by Israelis, do NOT trade and watch out. you will find more infos on YouTube. Good luck to all of you

HI, so Option 24 is a scam. i invested money about 3 weeks ago, now they say i must pay 10% of the total profit made. they say because the american government and the IRS tax officials have found that a lot of money is made the thought binary trading. am i scammed or what. when i asked why they did not tell me prior they are not giving clear answers. is there a way of getting back the funds i invested??

Mlu did you get any help regarding your account. I also need help.

We are on the same boat. $100 =$1000, did I get No. Now they want withdrawal fees unexplained. That is 24option.

I 100% hate 24Option with all my heart.. They are thieves… Complete liars… Scammers….

Did you get your money back? Being Approached by a guy called Franco Lunga to invest

Got approached by Annika Luan, I haven’t invested anything, am so doubtful more especially being approached on social media . And they say they are using 24 option investment

hello sirs,,do you know Tatiana Konoplina > She said she is an account manager in 24option.please help me,,Ihave jnot invested yet but receiving calls from her and emails too.

The job of the account manager is to help you make your first deposit , if you don’t your account is not completed , they don’t call you to start trading or to take your money. Because when you deposit you get assigned to the Senior Account Manager who will be basically your mentor and tell you everything about trading. After that if you don’t want to trade or you don’t like it , you just withdraw your money and close your account , no questions asked and no fees! I know many people that work there.

HI I’m new to trading, my question is how is it possible to trade with minimum $200 investment under your own account? Normal broker would put you in a pool of shares under their account and managed by them, you have the option to join or not. When you trade using 24option is it your own share as in buying actual lot, or just your small portion under their share?

Dear Mozzax11, with 24Option and any other CFD brokers, it’s only a CFD. You don’t buy the stocks directly through them. However as you can read in the comment section below, it is not recommended to use 24Option!

Mr j.pro i had a friend of mine who meet a woman in facebook in the name of EDNA PEARL he says that within 48hrs we could have our gain profit. My friend immidiately finance because he trust EDNA. After 3 days jhon have his profit , but when he tried to withraw ,the company ask him 770 USD for withdrawal charges. Yes he paid it. But until now he had not withdrawn any money. Very negative. Help him . Im planning to invest or trade. But i have doubt now. Pls help us

Dear Michael, as we tell others – never trust anyone who says they will trade on your behalf. Always manage your own money. I am sad to say it, but I think you got scammed by this EDNA. Do not pay her any more money, she will never send you money back, be carefoul.

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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

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
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  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

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