Menu Review: Is 24 Empires Option Scam? Review: Is 24 Empires Option Scam?

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24EmpiresOption is a notorious pyramid scheme that is the market. Currently, traders are not satisfied with their services, which is a huge drawback. The company allegedly offers traders investment services in the Forex and Binary Options market.

In this review, we discuss all the features of this company. Stay with us as we expose these scammers. The platform is allegedly being run by its parent company B.O Trade-financials LTD. It is registered in Cyprus.

The company lacks transparency with its investors. The company only brags of having a team of experts handling their financial matters, yet they don’t disclose who they are. The level of discreet with 24 Empires Option does not create credibility, especially when money is involved.

The question you should ask yourself is, how safe are your funds in their system? There are better Binary Options in the industry that offer better services. 24 Empires Option is a firm that will not be in the market; shortly, they are doomed to fail.

The company is not that popular either if they are indeed profitable as they claim then they should be receiving numerous positive feedback from those who have indulged with their services. Unfortunately, that is not the case.

24EmpiresOption Review

24EmpiresOption deals with commodities, currency pairs, and binary assets. They claim to have offices in both Sydney and the US. We highly doubt their claims as the company has shady characteristics that do not create confidence with investors.

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The website is poorly built, and the information the platform entails does not create confidence. It lacks essential intuitive options that other companies offer. The firm provides its traders with five trading accounts that they can select from.

The company offers ridiculous profits to their clients, and additionally, to this, they have a subordinate platform known as iFollow and One Touch. Unfortunately, this is not the best platform that you should be trusting with your hard-earned money.

24EmpiresOption does not provide traders with much, to begin with. The binary options services are basic. Moreover, they do not offer digital currency trading, metals, or commodities. The platform lacks a trading reputation despite been in the market for a year. Review, Platform

It is good to sign up in a firm that you can see how it has been faring on in the market. The platform uses false signals to lure traders’ investors in their fraudulent services. Multiple complaints are coming from traders accusing the firm of sending false signals.

It is not a good sign, and it would be best if you do not trust them with your funds. The pyramid scheme also offers its victims CFDs on various fiat currencies. This includes but not limited to; GBD, USD, CAD, BTC, EUR, AUD, CNY.

The platform also grants its clients over 30 options that they can pick to trade. It is an advantage that they have many assets at the disposal of traders. However, the company is a pyramid scheme, and probably the only reason they put up such crap is to attract more victims.

How Does 24 Empires Option Works?

The trading conditions of 24EmpiresOption are unknown to the public. Investment plans that they offer on their website has different requirements and benefits to traders. Some of their packages come along with educational materials. The bonus ranges from 25% to 100%.

Moreover, the signals that they offer differ in quality, depending on the plan that you select. The company also guarantees users’ risk-free trade when they venture in 24 Empires Option. In every trade, there must be profit and losses made it is two-way traffic.

The company also promise traders a one on one sessions. The meetings are conducted by their team of experts whom they haven’t shown their qualifications in the finance sphere. The company does not avail of managerial reports that can verify the employee’s profile.

What majority platforms try to do is minimize the risk that comes along when trading. There is no available method that can completely do away with the risk. Additionally, the asset the firm is dealing with is highly volatile.

Binary Option is being banned in various countries; this is because it carries multiple risks. Investors can lose all their money in a single trade. You need to notice the red flags with this platform.

MT4 Platform

Multiple traders love the MetaTrade4 feature that the majority of platforms avail to them. 24 Empires Option does not have the MT4 interface on their website. It is accommodating, diverse, and traders can also chat.

A company that does not have custom software, trading indicators, and features that can boost their trading activities will not do well compared to its competitors. The feature determines the success of an entity since they aid decision making.

24 Empires Option is a company with basic features, and we highly doubt there are any trading activities taking place on their website. They do not have any merits, and that why we recommend traders to keep off. Regulation and Customer Support

The company that is behind the investment services of 24 Empires Option is allegedly regulated in Cyprus Securities and Exchange Commission (CySEC) under 216/13 license number. Unfortunately, the information is false as the platform is not monitored.

The only reason they put up the data is to appear transparent and legal. The platform states that it is authorized to carry out these activities in all states of the EU. Sadly, the EU has banned binary options trading in all its states; hence 24EmpireOptions is operating illegally.

Furthermore, the platform accepts members from all over the world, yet they claim to be regulated in CySEC only. It is not a good sign, and it exposes you to multiple risks.

The company claims their office is located at Corner of Pitt and Hunter Streets, NSW 2000 Sydney, and the USA. It raises many questions since the platform is not regulated by NFA, a financial watchdog of the United States.

The address they have given on their website is incomplete. They are using a random address to entice more traders. Such a red flag is an indicator that the firm is not trustworthy. Does this platform offer customer support services? We did not find any email or phone number that clients can use to reach them.

A company that does not care about their clients’ satisfaction should not be your top priority. Look for better firms that offer quality services. Considering they do not feature adequate data regarding their withdrawal, it is also another red flag you cannot turn a blind eye to.

The company does not provide the financial institutions that they segregate investors funds with. CySEC needs investment firms to have a compensation scheme in case they are declared bankrupt they can still compensate investors for their money.

Final Verdict

24EmpiresOption is a full-blown Ponzi scheme which its only interest is to still funds from its innocent clients. The company is operating illegally, and they have the guts to display information claiming they are regulated by CySEC.

It would help if you were very careful with the platform that will say anything, even lying to get you to deposit money. You can use legit binary options firms that will help you attain your financial goals without exposure to risks.

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