October 22

Is 24option A Scam?



Comprehensive Review

Website : www.24options.com 

24option logo

24option logo

Type : Binary Option Broker ; tech financials

Price : minimum deposit $250 – demo account 

Owner : Rodeler LTD

Accepts US clients : No

Founded : 2010

OS compatibility : Mac OS, windows, android

Assets : oil, gold, indices, stocks, commodities, forex, metals, etfs, CFDs

Education : trading videos, ebook, webinar, technical analysis charts, daily market review

Return : up to 87%

Refund : up to 2%

Withdrawal options : wire transfer, credit card, MoneyBookers, liberty reserve

Withdrawal fees : Wire Transfer : 30 USD, credit card : 3.5%, Money Bookers : 2%, Liberty Reserve :1%
Regulatory status : regulated
Support : 24 hours – live chat, mail, phone
Based : Cyprus

Who Is It For? : people who are familiar with binary options and trading

Overall rating : 8/10


How Does 24options Compare To Other Digital Trading Companies?

These days with everyone on the net buzzing about binary options, it’s hard to tell what’s a scam and what’s not… So who is behind 24option? From my research, I found out that 24option is owned by Rodeler LTD and began its operation in late 2010. I’ve read here and there that it was created in 2009, launched in 2011… it’s quite hard to get an exact date but let’s say 2009-2011. The company’s headquarters is located in Cyprus at 39 Kolonakiou street, Limassol. 24option is regulated by CySEC and operates under license number 207/13. Caution is necessary, and if you want to know more about 24option and the risks involved in investing with this binary options broker, read this article carefully.  



24Option Platform

24Option uses the Tech Financials trading platform. They have the most currency pairs available for trading! Watch this video review of 24Option, showing traders the 24Option trading platform and various options they offer. Traders have over 100 assets and currency pairs to trade binary options with 24Option. Another reason 24Option has become one of the most popular brokers worldwide is their many deposit options. International traders have the option to use Skrill, Webmoney, Sofort, Qiwi, AstroPay, and more. In case you are wondering what is the maximum trade size at 24Option, the limit is now $100,000 per trade! Their minimum trade amount is $24. Minimum deposit is $250.  



    • VOD academy : tools to hone your skills
    • eBook covering the following : 

  – What are binary options?

– Get to know 24option’s platform

– How to register with 24option

– Understanding 24option’s terms and conditions

– Learn about the different types of binary options

– Learn how to select the option type that fits your investment style

  • webinars : twice a week


24Option Binary Options Trading

They are to be honest, way too many different types of Binary Option types and trades you will be able to make at 24Option, however below is an over view of some of their more popular types of trades all of which are accessible via their online or their brand new trading platforms.    

      • High Low Binary Options – Everyone who trades Binary Options will, at one time or another give the high Low Binary Options market place a try, when you are placing these types of trades all you need to do is to predict whether any asset is going to rise or fall in value at any given time, and if correct then you have placed and made a winning trade.
      • One Touch Binary Options – The One Touch type of Binary Options trade are probably the most exciting type of trade you can make, for when you choose any type of asset you will be hoping, that during the time period indicated on the trade, that the price of that asset reaches the indicated price, as soon as it touches it, even if it falls in value afterwards then you have made a winning trade.
      • Boundary Binary Options – This type of Boundary Binary Option is simply a prediction that the price on any listed asset is going to fall within two different set amounts, as long as it ends with in those two listed prices then you have made a winning trade.
      • Early Closure Binary Options – You will often be able to lock in a guaranteed winning profit when you place an Early Closure type of Binary Option trade, as you will often be given the chance of closing that trade earlier than expected to lock in that profit. However when taking this option you get just a proportion of your winning payout!


Investing Safely Online

Binary options trading requires some understanding about investment strategies, even if it is often advertised as an easy, fast-profit investment. Always choose to deposit money with a reliable and licensed broker, which offers the tools you need in order to improve your trading abilities. If you are from the USA or Canada, remember that not all brokers operate in these countries. 24option does not.  

Since any financial tool that offers such high yield must be considered speculative in nature, risk is also a major factor when entertaining the idea of investing in binary options. 24option should have made a better effort in warning and providing clients with risk-management advice, and that is the common practice in is such companies as TopOption or OptionBit The volatile nature of binary options is mentioned on the 24option site, but traders do not receive enough suggestions of the methods needed to diminish risks.      


My Conclusion

      • 24option is one of the major binary options brokers worldwide
      • Binary options involves high risk, which are inherent to high yield investments
      • 24option is not a scam, but rather a company offering a risky financial tool
      • That being said, this broker’s ability to alert customers of the risks involved is lacking
      • Although an Educational Center exists, 24option’s reputation as a place for learning trading strategies is not strong
      • This corporation has been successful in Asian and European markets
      • It does not accept American or Canadian customers
      • Brokers such as TopOption and OptionBit are highly recommended and offer you a better package of advantages
      • It is imperative to always keep in mind that binary trading requires caution
      • 24option have a sister company, GrandOption. It is unclear what the purpose of this second brand is



More Reviews About 24options 

  • Below I have listed a few websites that you might find interesting as well :

24options broker alert – Forex Peace Army – FX empire – Usingbinaryoptionsinfo

  • Finally, feel free to share your own experience with 24option in the comment area below! =) and make sure to check out my #1 recommendation

Thanks for dropping by! 



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